NOT LISTED FOR SALE

Estimated Value: $1,556,000 - $1,747,000

4 Beds
3 Baths
798 Sq Ft
$2,072/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $1,542,948 $1,934 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,496/month

153 Days on Market

Highlights

  • Wood Flooring
  • Air Conditioning
  • Shed
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Bungalow
  • Central Heating

About This Home

As of September 2023

Property remains under an active listing agreement. Contact agent for showings. Sited moments from the beach and the world-famous Abbot Kinney Blvd, this income-producing property is surrounded by lush landscaping. Three separate units consist of a two-bedroom bungalow and two studio cottages, each with their own bathrooms. The location experiences minimal traffic, due to being found on a one-way street. All units are being delivered tenant-occupied. Parking on driveway.

Last Agent to Sell the Property

Nicholas Corado

The Agency License #02016810 Listed on: 02/22/2023

The Agency

Co-Listed By

Ben Belack

The Agency License #01900787

Last Buyer's Agent

Nicholas Phillips

Compass License #01742107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,650

Year Built

  • Built in 1948

Lot Details

  • 4,201 Sq Ft Lot
  • Lot Dimensions are 40x105

Home Design

  • Bungalow

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Outdoor Features

  • Shed

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gardener, electricity, gas, water
  • Assessor Parcel Number 4237-013-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,650

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Lot Acreage: 0.0964
  • Lot Dimensions: 40x105
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Driveway, On street
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Central, Electric

Lot Info

  • Assessed Improvement Percent: 11.28
  • Assessed Improvement Value: 64650
  • Assessed Land Percent: 88.72
  • Assessed Land Value: 508740
  • Total Assessed Value: 573390
  • Assessor Parcel Number: 4237-013-002
  • Lot Size Area: 4201

Rental Info

  • Owner Pays: Gardener, Electricity, Gas, Water
  • Tenant Pays: Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 3
  • Total Annual Expense: 12947
  • Type Of Units: 3
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2002
Sold by
Bonnem Donald G
Bought by
Bonnem Christine
Current Estimated Value
$1,653,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
6.94%
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
Bonnem Christine -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Walker Thomas $150,000
Closed Walker Thomas $1,363,000
Closed Bonnem Christine M $125,000
Closed Bonnem Christine $328,000
Closed Bonnem Christine $328,000
Closed Bonnem Christine $100,000
Closed Bonnem Christine $255,000
Closed Bonnem Christine $254,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Sold $1,542,948 -11.8% $1,934 / Sq Ft
08/01/2023 08/01/23 For Sale $1,749,000 +13.4% $2,192 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
04/06/2023 04/06/23 Off Market $1,542,948 -- --
02/22/2023 02/22/23 For Sale $1,749,000 -- $2,192 / 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
2025 $18,650 $1,573,758 $1,259,088 $314,670
2024 $18,650 $1,542,900 $1,234,400 $308,500
2023 $7,158 $584,857 $518,914 $65,943
2022 $6,827 $573,390 $508,740 $64,650
2021 $6,741 $562,148 $498,765 $63,383
2019 $6,539 $545,476 $483,972 $61,504
2018 $6,508 $534,782 $474,483 $60,299
2016 $6,226 $514,017 $456,059 $57,958
2015 $6,135 $506,297 $449,209 $57,088
2014 $6,162 $496,380 $440,410 $55,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-243885

The MLS

APN: 4237-013-002