NOT LISTED FOR SALE

Estimated Value: $1,609,000 - $2,060,812

4 Beds
2 Baths
1,926 Sq Ft
$920/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $1,415,000 $735 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,942/month

11 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Two Homes on a Lot
  • Braddock Drive Elementary School Rated A-
  • No HOA
  • Fireplace

About This Home

As of September 2015

Stylish duplex located in the Del Rey neighborhood between Culver City and Marina Del Rey, adjacent to Venice and Mar Vista. Mere blocks from Playa Vista, approximately three miles from beach. Google and Facebook have recently moved their offices down the street and this underrated neighborhood is seeing major growth. This beautiful duplex was lovingly restored and upgraded by a professional landscape designer who worked full-time on the property for two years straight. Multiple outside relaxing areas with astonishing plant life, including a garden and blossoming fruit trees. Huge, deep lot of nearly 7,000 square feet. Each unit is 2 bedroom 1 bath. You also get a large "bonus room" / finished garage that makes a perfect workshop or home office. Private, gated parking onsite. Laundry in both units. Bathrooms & kitchens are remodeled and modern. Units are separately metered for utilities and have separate entrances. Extremely walkable area and easy access to bike paths that lead straight to the beach or east into Culver City. Quiet, tucked-away street with very little through traffic. Both units currently rented, but leases designed to allow new owner occupy the property as a personal residence if desired. Motivated seller.

Last Agent to Sell the Property

Andrew Freiburghouse

REMAX AEGIS License #01395694 Listed on: 07/06/2015

Last Buyer's Agent

Brian Griffin

Compass License #01736172

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,002

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 6,944 Sq Ft Lot
  • No Common Walls
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Gravel Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1,926 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Awning
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Fireplace in Patio
  • Fire Pit
  • Exterior Lighting

Additional Features

  • Water-Smart Landscaping
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 152
  • Tax Tract Number 2752
  • Assessor Parcel Number 4232024018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Marina

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $840
  • Maintenance Expense $500
  • New Taxes Expense $3,206
  • Gross Income $5,500
  • Net Operating Income $61,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,002

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: washers & dryers in both units, custom firepit, multiple water features in the yard
  • Property Attached: No
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 4232024018
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Fire Pit, Patio
  • Levels: One
  • Price Per Square Foot: 734.68

Exterior Features

  • Other Structures: Two On A Lot
  • Exterior Features: Awning(s), Lighting
  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Gravel, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6944.00
  • Price Per Lot Square Foot: 203.77
  • Lot Size Acres: 0.1590

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 1000
  • Gross Income: 5500.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 840.00
  • Lot Size Area: 6944.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 61414.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Operating Expense: 4586.00
  • Rent Control: Yes
  • Total Actual Rent: 5500.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 3206.00
  • Tax Area: 67
  • Taxes Percent: 1.22
  • Tax Lot: 152
  • Tax Rate: 1.22
  • Tax Tract Number: 2752
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2015
Closed on
Aug 24, 2015
Sold by
Sterm Susan
Bought by
Stern Daniel
Seller's Agent
Andrew Freiburghouse
REMAX AEGIS
Buyer's Agent
Brian Griffin
Compass
List Price
$1,495,000
Sold Price
$1,415,000
Premium/Discount to List
-$80,000
-5.35%
Current Estimated Value
$1,771,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,953
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Jan 8, 1997
Sold by
Yousalo Olga M
Bought by
Mercado Andrew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.95%

Purchase Details

Closed on
Dec 21, 1994
Sold by
Vuosalo Leo K and Tavakoli Dana C
Bought by
Mercado Andrew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
9.23%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stern Daniel -- Title365 Company
Stern Daniel $1,415,000 Title365 Company
Mercado Andrew S -- American Coast Title
Mercado Andrew S $180,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercado Andrew S $130,000
Previous Owner Mercado Andrew S $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2015 09/01/15 Sold $1,415,000 -5.4% $735 / Sq Ft
08/04/2015 08/04/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $1,495,000 0.0% $776 / Sq Ft
10/15/2012 10/15/12 Rented $1,800 0.0% --
10/11/2012 10/11/12 Under Contract -- -- --
10/02/2012 10/02/12 For Rent $1,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,002 $1,675,066 $1,124,604 $550,462
2024 $20,002 $1,642,222 $1,102,553 $539,669
2023 $19,615 $1,610,023 $1,080,935 $529,088
2022 $18,700 $1,578,455 $1,059,741 $518,714
2021 $18,472 $1,547,506 $1,038,962 $508,544
2020 $18,664 $1,531,639 $1,028,309 $503,330
2019 $17,916 $1,501,608 $1,008,147 $493,461
2018 $17,818 $1,472,166 $988,380 $483,786
2016 $17,047 $1,415,000 $950,000 $465,000
2015 $3,180 $251,550 $111,800 $139,750
2014 $3,206 $246,623 $109,610 $137,013
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15162956

California Regional Multiple Listing Service (CRMLS)

APN: 4232-024-018