Dean Alessi
eXp Realty of California Inc
(424) 688-9071
22 Total Sales
3 in Manhattan Beach
$2.4M - $5.6M Price Range
5 Marin Ct Manhattan Beach, CA 90266
Manhattan Beach AreaEstimated Value: $1,563,000 - $1,758,433
10
Beds
9
Baths
6,188
Sq Ft
$268/Sq Ft
Est. Value
Highlights
- 0.69 Acre Lot
- Meadows Avenue Elementary School Rated A+
- 4 Car Garage
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
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Property Details
Home Type
- Apartment
Year Built
- Built in 1948
Lot Details
- 29,857 Sq Ft 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 in unit
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 4617
- Assessor Parcel Number 6103021038
Community Details
Overview
- 12 Buildings
- 9 Units
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 16, 2017
Sold by
Bought by
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
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 12, 2004
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 1998
Sold by
Bought by
Purchase Details
Closed on
Nov 3, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Manhattan Beach, CA
-
Dean Alessi
-
Dan Mahoney
Dan Mahoney
Fathom Realty Group Inc.
(442) 256-9019
30 Total Sales
1 in Manhattan Beach
$6,775,000 Price
-
Barry Gray
Barry Gray
Compass
(213) 529-3954
31 Total Sales
1 in Manhattan Beach
$4,200,000 Price
-
Donald Heller
Donald Heller
Christie's International Real Estate SoCal
(424) 238-6571
112 Total Sales
1 in Manhattan Beach
$2,200,000 Price
-
Kevin Moen
Kevin Moen
Estate Properties
(424) 842-4495
53 Total Sales
1 in Manhattan Beach
$1,849,000 Price
-
Lynn Lord
Lynn Lord
Estate Properties
(562) 582-8571
49 Total Sales
1 in Manhattan Beach
$4,000,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,085,000 | Lawyers Title | ||
| -- | -- | ||
| $415,000 | Equity Title | ||
| $297,500 | Title Land Company Inc | ||
| -- | Title Land Company Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $800,000 | ||
| Closed | $868,000 | ||
| Previous Owner | $383,000 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $322,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,227 | $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
Seller's Agent in 2021
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
101 Total Sales
-
Johnnie Stiegler
Seller Co-Listing Agent in 2021
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
102 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21173343
APN: 4138-024-057
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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