$3,178,000
SOLD DEC 13, 2021
10 Beds
7 Baths
5,262 Sq Ft
8,081 Sq Ft Lot

Recently Sold

$604 Per Sq Ft

4% Below List Price

138 Days on Market

Highlights

  • 0.19 Acre Lot
  • John Muir Elementary School Rated A
  • Ceiling Fan

About This Home

As of December 2021

We are proud to present this impressive 7-unit apartment building located in Prime Ocean Park, Santa Monica. This unique property boasts a desirable unit mix of two-bedroom and one bedroom units. Property is situated on a prime corner lot. Half a mile from the beach on Ocean Park Blvd and walking distance from many restaurants, shopping, and cafes. This incredible asset commands higher than average rents in Santa Monica.Please do not disturb the tenants. All showings will be subject to an accepted offer. All copper plumbing installed in 1997. New roof installed in 2004. New sewer line installed in 2011.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 06/30/2021

RE/MAX One

Last Buyer's Agent

Chase Simonton

RE/MAX One License #01766871 Listed on: 06/30/2021

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,081 Sq Ft Lot
  • Lot Dimensions are 80x102

Interior Spaces

  • 5,262 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4287-003-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5262
  • Lot Acreage: 0.1855
  • Lot Dimensions: 80x102
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 7.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 631.89

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 16.90
  • Assessed Improvement Value: 337793
  • Assessed Land Percent: 83.1
  • Assessed Land Value: 1660824
  • Total Assessed Value: 1998617
  • Assessor Parcel Number: 4287-003-012
  • Lot Size Area: 8081

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.99
  • Number Of Units: 7
  • Total Annual Expense: 70319
  • Type Of Units: (2+1), (1+1)
  • Vacancy Rate: 43

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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

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Price Changed $3,100,000 +14.9% $589 / Sq Ft
02/23/2024 02/23/24 For Sale $2,699,000 0.0% $513 / Sq Ft
03/15/2022 03/15/22 Rented $3,300 0.0% --
02/02/2022 02/02/22 For Rent $3,300 0.0% --
12/13/2021 12/13/21 Sold $3,178,000 -4.4% $604 / Sq Ft
11/17/2021 11/17/21 For Sale $3,325,000 0.0% $632 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $3,325,000 0.0% $632 / Sq Ft
10/21/2021 10/21/21 For Sale $3,325,000 +2.3% $632 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $3,250,000 +83.1% $618 / Sq Ft
10/31/2012 10/31/12 Sold $1,775,000 0.0% $337 / Sq Ft
09/11/2012 09/11/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $1,775,000 -- $337 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-755100

The MLS