Seller's Agent in 2021
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
4 in this area
101 Total Sales
5 Marin Ct Manhattan Beach, CA 90266
Estimated Value: $1,530,000 - $1,801,000
10
Beds
9
Baths
6,188
Sq Ft
$262/Sq Ft
Est. Value
Highlights
- 0.69 Acre Lot
- Laundry Room
- 4 Car Garage
- Meadows Avenue Elementary School Rated A+
About This Home
As of October 20211717-1727.5 Marine Ave is a dream lot of land in the sought after city of Gardena. This 9 unit opportunity sits on an oversized R3 zoned lot, measuring 29,857 square feet. At just $83 a square foot, this is one of the cheapest usable lots in Los Angeles. Currently the property has 9 detached bungalow units, consisting of eight (8) 1-bedroom/1-bathroom and one (1) 2-bedroom/1-bath units. Gardena is well known for its strong community and high quality dining and entertainment options. The subject property is separately metered for gas and electric and a majority of the plumbing is copper. With over 30% upside in rents, an investor potentially can add at least 2 ADU dwellings increasing the market CAP rate over 6%!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 08/06/2021
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 08/06/2021
Property Details
Home Type
- Apartment
Year Built
- Built in 1948
Lot Details
- 0.69 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- 6,188 Sq Ft Home
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 4617
- Assessor Parcel Number 6103021038
Community Details
Overview
- 12 Buildings
- 9 Units
Building Details
- 9 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,800
- Fuel Expense $1,800
- Gardener Expense $1,200
- Insurance Expense $2,166
- Maintenance Expense $4,723
- Professional Management Expense $5,904
- Trash Expense $1,800
- Water Sewer Expense $1,800
- New Taxes Expense $31,250
- Operating Expense $52,443
- Gross Income $112,176
- Net Operating Income $59,733
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 16, 2017
Sold by
Drake Linda R
Bought by
Jensen Scott
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,000
Outstanding Balance
$701,952
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$918,136
Purchase Details
Closed on
Aug 12, 2004
Sold by
Drake Linda R
Bought by
Drake Linda R and The Linda R Drake Trust
Purchase Details
Closed on
Oct 14, 1998
Sold by
Everette George A
Bought by
Drake Linda R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.71%
Purchase Details
Closed on
Nov 3, 1993
Sold by
Everette Linda
Bought by
Everette Anthony
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
6.87%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jensen Scott | $1,085,000 | Lawyers Title | |
| Drake Linda R | -- | -- | |
| Drake Linda R | $415,000 | Equity Title | |
| Everette Anthony | -- | Title Land Company Inc | |
| Everette George Anthony | $297,500 | Title Land Company Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jensen Scott | $868,000 | |
| Previous Owner | Drake Linda R | $332,000 | |
| Previous Owner | Everette George Anthony | $238,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2021 10/25/21 | Sold | $2,400,000 | -4.0% | $388 / Sq Ft |
| 08/20/2021 08/20/21 | Pending | -- | -- | -- |
| 08/06/2021 08/06/21 | For Sale | $2,500,000 | -- | $404 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,046 | $1,242,731 | $924,028 | $318,703 |
| 2024 | $14,046 | $1,218,364 | $905,910 | $312,454 |
| 2023 | $13,683 | $1,194,476 | $888,148 | $306,328 |
| 2022 | $13,448 | $1,171,056 | $870,734 | $300,322 |
| 2021 | $13,226 | $1,148,095 | $853,661 | $294,434 |
| 2019 | $12,872 | $1,106,700 | $828,342 | $278,358 |
| 2018 | $12,535 | $1,085,000 | $812,100 | $272,900 |
| 2016 | $6,171 | $549,578 | $371,730 | $177,848 |
| 2015 | $6,044 | $541,324 | $366,147 | $175,177 |
| 2014 | $5,967 | $530,721 | $358,975 | $171,746 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Takahashi
-
Johnnie Stiegler
Seller Co-Listing Agent in 2021
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
7 in this area
96 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21173343
APN: 4138-024-057
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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