NOT LISTED FOR SALE

642 Ocean Park Blvd Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $2,076,044 - $2,223,000

4 Beds
4 Baths
1,764 Sq Ft
$1,207/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $1,515,000 $859 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $12,986/month

95 Days on Market

Highlights

  • Tandem Parking
  • Floor Furnace
  • 1-Story Property
  • John Muir Elementary School Rated A

About This Home

As of August 2016

This extremely rare value-add remodel/rehab opportunity is perfect for an owner-user, investor, or developer. Excellent irreplaceable prime Santa Monica location located within walking distance to the beach, main street, Santa Monica Pier, and Third Street Promenade. Each unit has front and rear entrances and 2 parking spaces per unit. All 4 units to be delivered vacant at close of escrow. Needs TLC. Property to be sold "AS IS"

Last Agent to Sell the Property

Talwinder Rana

On It Realty License #01845864 Listed on: 05/08/2016

Last Buyer's Agent

Paul Pekar

Compass License #00783762

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,873

Year Built

  • Built in 1950

Lot Details

  • 4,796 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 1,764 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Tandem Parking
  • Driveway
  • Off-Site Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4287-015-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,873

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1764
  • Stories: 1
  • Year Built: 1950
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 935.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Driveway, Offsite, Tandem
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Floor Furnace, Wall Gas
  • Water Expense: 1200.00

Fee Information

  • Insurance Expense: 1101.00
  • Trash Expense: 872.00

Lot Info

  • Assessed Improvement Value: 143327
  • Assessed Land Value: 238886
  • Assessor Parcel Number: 4287-015-023
  • Geocode Override: No
  • Lot Size Area: 4796

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.75
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 24158
  • Type Of Units: 4plex
  • Vacancy Rate: 100

Tax Info

  • Tax Expense: 20625.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2016
Closed on
Aug 24, 2016
Sold by
642 Ocean Park Llc
Bought by
642 Op Blvd Llc
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
Paul Pekar
Compass
List Price
$1,999,000
Sold Price
$1,515,000
Premium/Discount to List
-$484,000
-24.21%
Current Estimated Value
$2,129,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614,761
Avg. Annual Appreciation
3.83%

Purchase Details

Listed on
Mar 25, 2015
Closed on
Jul 16, 2015
Sold by
Litos Ralli Kaarina
Bought by
642 Ocean Park Llc
Seller's Agent
Gwen Zeller
Lighthouse Prop. RE Serv. Inc.
Buyer's Agent
Gwen Zeller
Lighthouse Prop. RE Serv. Inc.
List Price
$1,700,000
Sold Price
$1,250,000
Premium/Discount to List
-$450,000
-26.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.31%
Original Mortgage
$812,000
Interest Rate
3.97%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 24, 2001
Sold by
Litos Raili Kaarina
Bought by
Litos Raili Kaarina and Raili Kaarina Litos Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,100
Interest Rate
6.99%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
Not Available
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
642 Op Blvd Llc $1,515,000 Ticor Title
642 Ocean Park Llc $1,250,000 Ticor Title Co
Litos Raili Kaarina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 642 Op Blvd Llc $1,300,000
Previous Owner 642 Ocean Park Llc $297,600
Previous Owner 642 Ocean Park Llc $500,000
Previous Owner 642 Ocean Park Llc $812,000
Previous Owner 642 Ocean Park Llc $812,000
Previous Owner Litos Raili Kaarina $500,000
Previous Owner Litos Raili Kaarina $200,000
Previous Owner Litos Raili Karina $186,700
Previous Owner Litos Raili Karina $200,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $1,515,000 -8.2% $859 / Sq Ft
08/08/2016 08/08/16 Price Changed $1,650,000 -4.6% $935 / Sq Ft
07/11/2016 07/11/16 Price Changed $1,730,000 -3.8% $981 / Sq Ft
06/07/2016 06/07/16 Price Changed $1,799,000 -5.3% $1,020 / Sq Ft
05/25/2016 05/25/16 Price Changed $1,899,000 -5.0% $1,077 / Sq Ft
05/08/2016 05/08/16 For Sale $1,999,000 +59.9% $1,133 / Sq Ft
08/14/2015 08/14/15 Sold $1,250,000 -26.5% $709 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,700,000 -- $964 / 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 $20,873 $1,758,281 $1,508,759 $249,522
2024 $20,873 $1,723,806 $1,479,176 $244,630
2023 $20,539 $1,690,007 $1,450,173 $239,834
2022 $20,281 $1,656,871 $1,421,739 $235,132
2021 $19,779 $1,624,384 $1,393,862 $230,522
2019 $19,446 $1,576,476 $1,352,520 $223,956
2018 $18,261 $1,545,570 $1,326,000 $219,570
2016 $14,927 $1,250,000 $875,000 $375,000
2015 $4,949 $382,213 $238,886 $143,327
2014 $4,912 $374,727 $234,207 $140,520
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Talwinder Rana

    On It Realty

    (310) 666-2522

    2 Total Sales

    Talwinder Rana
    Section Image
  • Paul Pekar

    Buyer's Agent in 2016

    Paul Pekar

    Compass

    (310) 779-3108

    6 Total Sales

    Paul Pekar
    Section Image

  • G

    Seller's Agent in 2015

    Gwen Zeller

    Lighthouse Prop. RE Serv. Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 16-122992

The MLS

APN: 4287-015-023

California Los Angeles County Santa Monica 90405 Ocean Park

642 Ocean Park Blvd, Santa Monica, CA

This home is located at 642 Ocean Park Blvd, Santa Monica, CA 90405 since 08 May 2016 and is currently estimated at $2,129,761, approximately $1,207 per square foot. This property was built in 1950. 642 Ocean Park Blvd is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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