NOT LISTED FOR SALE

Estimated Value: $1,599,000 - $2,159,000

2 Beds
2.5 Baths
1,342 Sq Ft
$1,482/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $2,090,000 $1,557 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $13,452/month

11 Days on Market

Highlights

  • Gated Parking
  • Gated Community
  • Deck
  • John Muir Elementary School Rated A
  • City Lights View
  • Bamboo Flooring

About This Home

As of August 2023

One of a kind architectural tri-level townhome in prime Ocean Park offering privacy and tranquility, all within a short distance to beaches and Main Street as well as Rose Ave shops/restaurants. This gorgeous 2 BR / 3 Bath unit plus loft boasts high ceilings, a private patio, and two terraces, with hardwood floors throughout. A lofted two-story living room with clerestory windows is designed to take advantage of all the natural light. Primary ensuite bedroom and walk-in closet, along with second ensuite bedroom--both with access to the secluded private patio--are located on the first level. The open concept living/dining room area as well as separate kitchen, are located on the bright and airy second level. A quiet terrace is situated off the living and dining room for enjoying al fresco dining or morning coffee. The third level loft space, ideal as office or den, opens onto a large terrace and is amply suited as a relaxing lounge area. Located at the back of the complex, this unit provides complete privacy and offers the largest outdoor patio in the community. Perfect indoor/outdoor living, an entertainer's paradise! Small self-managed 4-unit complex. 2-side by side parking spots in a secure garage, plus an extra-large storage room. For those seeking the perfect home near the beach, look no further. Offers due Friday 8/18 at 5:00PM. The seller reserves the right to accept an offer prior to deadline.

Last Agent to Sell the Property

Alexandra Kerr

Compass License #01911486 Listed on: 08/10/2023

Compass

Co-Listed By

Todd Henricks

Compass License #01977512

Last Buyer's Agent

Jacqui Bell

Rodeo Realty - Pacific Palisades License #01368578

Rodeo Realty - Pacific Palisades

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $24,729

Year Built

  • Built in 1990

Lot Details

  • 6,005 Sq Ft Lot
  • End Unit
  • Gated Home

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Side by Side Parking
  • Gated Parking
  • Controlled Entrance

Property Views

  • City Lights
  • Courtyard

Home Design

  • Modern Architecture
  • Split Level Home

Interior Spaces

  • 1,342 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • High Ceiling
  • Decorative Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Loft

Kitchen

  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Wood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4287-026-060

Community Details

Overview

  • 4 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$24,729

Year Built

Built in 1990

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: One of a kind architectural tri-level townhome in prime Ocean Park. Gorgeous 2 BR/3 Bath plus loft. High ceilings, private patio, and two terraces, with hardwood floors throughout. Lofted two-story living room with clerestory windows. Primary ensuite bedroom and walk-in closet, along with second ensuite bedroom, both with access to the secluded private patio, located on the first level. The open concept living/dining room area as well as kitchen, are located on the bright and airy second level. A quiet terrace is situated off the living and dining room. The third level loft space, ideal as office or den, opens onto a large terrace. Located at the back of the complex, this unit provides complete privacy and offers the largest outdoor patio in the community. Small self-managed 4-unit complex. 2-side by side parking spots in a secure garage, plus an extra-large storage room.
  • Complex Name: 505 Pier Ave
  • Entry Floor: 1
  • Living Area: 1342
  • Lot Acreage: 0.1379
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 1990
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Gas, Living Room
  • Flooring: Bamboo, Wood
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Freezer, Built-Ins, Washer, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1173.62

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), End Unit
  • Patio: Deck(s), Balcony, Patio Open
  • Pool: No
  • View: Courtyard, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Covered Parking, Subterranean, Side By Side, Gated, Built-In Storage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Amenities: Gated Community, Gated Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 500.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4287-026-060
  • Lot Size Area: 6005

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 28, 2023
Sold by
505 Pier Unit D
Bought by
Weiss Samuel Carlos
Seller's Agent
Alexandra Kerr
Compass
Buyer's Agent
Jacqui Bell
Rodeo Realty - Pacific Palisades
List Price
$1,575,000
Sold Price
$2,090,000
Premium/Discount to List
$515,000
32.7%
Views
50
Current Estimated Value
$1,989,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,864
Avg. Annual Appreciation
-1.30%

Purchase Details

Listed on
Aug 10, 2023
Closed on
Jul 18, 2023
Sold by
Barker Alan Arthur and Barker Joan
Bought by
505 Pier Unit D
Seller's Agent
Alexandra Kerr
Compass
Buyer's Agent
Jacqui Bell
Rodeo Realty - Pacific Palisades
List Price
$1,575,000
Sold Price
$2,090,000
Premium/Discount to List
$515,000
32.7%
Views
50

Purchase Details

Closed on
Feb 18, 2022
Sold by
Barker and Joan
Bought by
Churchill Barker Trust

Purchase Details

Closed on
Dec 6, 1996
Sold by
Moss Trust Wennerberg William Co Tr Wennerber and Moss Denise
Bought by
Carnochan Sibyll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.53%

Purchase Details

Closed on
Jul 19, 1994
Sold by
Wennerberg William and Moss Denise K
Bought by
Wennerberg William
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Weiss Samuel Carlos $2,090,000 Equity Title
505 Pier Unit D -- None Listed On Document
Barker Alan Arthur -- None Listed On Document
Churchill Barker Trust -- Simplifile
Churchill Barker Trust -- Simplifile
Carnochan Sibyll $349,500 Equity Title Company
Wennerberg William -- --
Wennerberg William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carnochan Sibyll $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $2,090,000 +32.7% $1,557 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $1,575,000 0.0% $1,174 / Sq Ft
06/18/2019 06/18/19 Rented $6,000 -4.0% --
05/17/2019 05/17/19 Price Changed $6,250 -3.8% $5 / Sq Ft
04/28/2019 04/28/19 For Rent $6,500 -- --
Source: The MLS

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 $24,729 $2,131,800 $1,683,612 $448,188
2024 $24,729 $2,090,000 $1,650,600 $439,400
2023 $9,992 $802,246 $518,267 $283,979
2022 $9,858 $786,516 $508,105 $278,411
2021 $9,600 $771,095 $498,143 $272,952
2019 $9,432 $748,226 $483,369 $264,857
2018 $8,876 $733,556 $473,892 $259,664
2016 $8,543 $705,073 $455,491 $249,582
2015 $8,430 $694,484 $448,650 $245,834
2014 $8,317 $680,881 $439,862 $241,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-299561

The MLS

APN: 4287-026-060