$1,746,000
SOLD OCT 4, 2021
3 Beds
2 Baths
1,670 Sq Ft
4,512 Sq Ft Lot

Recently Sold

$1,046 Per Sq Ft

13% Above List Price

7 Days on Market

Highlights

  • Craftsman Architecture
  • Cathedral Ceiling
  • Great Room
  • John Muir Elementary School Rated A
  • Wood Flooring
  • Fenced Yard

About This Home

As of October 2021

Charming vacant craftsman-style duplex set above a quiet tree-lined street in Santa Monica's desirable Ocean Park neighborhood,4 blocks to Main Street and 6 blocks to the beach. Both units feature private separate entrances, a newly constructed dog run along the side of the house, hardwood floors, recessed lighting, skylights, and an abundance of natural light. The 1B/1Ba front unit offers an open kitchen, Dutch door and craftsman front deck with built-in bench seating for al fresco dining. The 2B/1Ba rear unit features a large open kitchen, vaulted ceilings, front and back private gated entrances, a spacious exclusive-use fenced and gated courtyard for indoor/outdoor entertaining, plus a detached studio featuring high vaulted ceilings and oversized skylight for use as a home office, exercise/yoga studio or bonus room. Delivered fully vacant, this unique property offers flexibility and value that makes it an outstanding investment. It is perfect as an owner-user residence, or used as an income-producing duplex starting with superior current market rents, or research recombining back into a single-family home. Studio not included in total square footage.

Last Agent to Sell the Property

Tregg Rustad

Rodeo Realty License #01349144 Listed on: 09/10/2021

Rodeo Realty

Co-Listed By

Peter Maurice

Rodeo Realty License #01129738

Rodeo Realty

Last Buyer's Agent

Peter Maurice

Rodeo Realty License #01129738

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,489

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 4,512 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Gated Home
  • Sprinkler System
  • Back and Front Yard

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,670 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Great Room
  • Living Room
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Range<<rangeHoodToken>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom
  • Jack-and-Jill Bathroom
  • 2 Bathrooms
  • Low Flow Toliet
  • <<tubWithShowerToken>>

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Rain Gutters
  • Front Porch

Location

  • City Lot

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4287-019-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,489

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 1670
  • Lot Acreage: 0.1040
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins, Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+), Recessed Lighting
  • Number Carpet: 0
  • Number Dishwasher: 1
  • Number Disposal: 2
  • Number Drapes: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Flooring: Hardwood
  • Appliances: Gas, Range, Range Hood
  • Bedrooms: 3
  • Common Walls: Attached
  • Bathroom Features: Dual Entry (Jack & Jill) Bath, Low Flow Toilet(s), Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 927.54
  • Windows: Drapes/Curtains, Window Blinds

Exterior Features

  • Direction Faces: South
  • Construction: Stucco, Wood Siding
  • Other Features: Rain Gutters, Sliding Glass Doors, Sprinkler System
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 2
  • Patio: Patio Open, Porch - Front
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Structures: 0
  • Number Rented Garages: 0

Utilities

  • Water Heater: Tankless
  • Heating: Central, Wall
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1
  • Security: Gated
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4287-019-022
  • Geocode Override: No
  • Lot Description: Back Yard, Curbs, Fenced Yard, Front Yard, Sidewalks, Street Paved
  • Lot Location: City
  • Lot Size Area: 4512

Rental Info

  • Number Leased: 0
  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.34
  • Number Of Units: 2
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 100%

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2023
Sold by
Montana Villa Llc
Bought by
629 Palisades Llc

Purchase Details

Listed on
Sep 10, 2021
Closed on
Sep 21, 2021
Sold by
Field Phylis Sharon
Bought by
Montana Villa Llc
Seller's Agent
Tregg Rustad
Rodeo Realty
Buyer's Agent
Peter Maurice
Rodeo Realty
List Price
$1,549,000
Sold Price
$1,746,000
Premium/Discount to List
$197,000
12.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Bornstein Jonah Gabriel and Bornstein Janice Yvonne
Bought by
Field Phylis Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
7.01%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,500,000 Usa National Title
Grant Deed $1,746,000 Equity Title Company
Grant Deed $399,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $445,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $508,000 Unknown
Previous Owner $500,000 Unknown
Previous Owner $351,950 Unknown
Previous Owner $60,000 Stand Alone Second
Previous Owner $299,250 No Value Available
Closed $59,850 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $2,199,000 +25.9% $1,317 / Sq Ft
10/04/2021 10/04/21 Sold $1,746,000 +12.7% $1,046 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $1,549,000 -- $928 / Sq Ft
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
2024 $18,489 $1,530,000 $1,224,000 $306,000
2023 $21,440 $1,780,920 $1,424,736 $356,184
2022 $21,173 $1,746,000 $1,396,800 $349,200
2021 $7,576 $586,786 $462,298 $124,488
2019 $7,440 $569,384 $448,587 $120,797
2018 $6,994 $558,221 $439,792 $118,429
2016 $6,723 $536,546 $422,715 $113,831
2015 $6,633 $528,488 $416,366 $112,122
2014 $6,551 $518,136 $408,210 $109,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-782210

The MLS

APN: 4287-019-022