NOT LISTED FOR SALE

6987 Trolleyway Playa Del Rey, CA 90293

Estimated Value: $2,645,681 - $4,083,000

6 Beds
3 Baths
2,252 Sq Ft
$1,431/Sq Ft Est. Value

Last Sold May 10, 2013

Last sale price $1,900,000 $844 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $19,837/month

7 Days on Market

About This Home

As of May 2013

PRIME Beach Front Playa Del Rey Location, Location, right on the beach with Ocean Views! Everyone wants to be on the beach with the opportunity to add value to a rental property and/or owner occupy. Estimated rent for vacant unit after upgrading is $3500. This is a rare find, low supply & high demand for Ocean Front in beautiful Playa Del Rey Beach. Property has been in the same family for decades, is a fixer & sold As Is. Drive By Only, DO NOT Disturb tenants. Submit Your Highest & Best Offer for this Rare Opportunity in This Location. Tenant pays all utilities.

Last Agent to Sell the Property

Francyne Lambert

Lambert Investments, Inc. License #00827267 Listed on: 03/11/2013

Last Buyer's Agent

Francyne Lambert

Lambert Investments, Inc. License #00827267 Listed on: 03/11/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,796

Year Built

  • Built in 1956

Lot Details

  • 3,188 Sq Ft Lot

Interior Spaces

  • 2,252 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4116-033-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,796

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2252
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 865.90

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 48967
  • Assessed Land Value: 133943
  • Assessor Parcel Number: 4116-033-036
  • Geocode Override: No
  • Lot Size Area: 3188

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 9331
  • Type Of Units: Flat
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 27, 2013
Sold by
Baruch Donna
Bought by
Turley Thomas
Seller's Agent
Francyne Lambert
Lambert Investments, Inc.
Buyer's Agent
Francyne Lambert
Lambert Investments, Inc.
List Price
$1,950,000
Sold Price
$1,900,000
Premium/Discount to List
-$50,000
-2.56%
Current Estimated Value
$3,221,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,321,894
Avg. Annual Appreciation
4.19%
Original Mortgage
$1,368,750
Interest Rate
1.9%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 8, 2010
Sold by
Wayne Don
Bought by
Wayne Don and Wayne Sheila

Purchase Details

Closed on
Apr 23, 1996
Sold by
Wayne Don
Bought by
Wayne Don

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
8.07%
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
Turley Thomas $1,900,019 Old Republic Title Co La
Wayne Don -- None Available
Wayne Don -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turley Thomas $200,000
Open Turley Thoams $2,409,000
Closed Turley Thomas $700,000
Closed Turley Thomas $1,368,750
Previous Owner Wayne Don $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2013 05/10/13 Sold $1,900,000 -2.6% $844 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $1,950,000 -- $866 / 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 $27,796 $2,339,707 $1,847,139 $492,568
2024 $27,796 $2,293,831 $1,810,921 $482,910
2023 $27,253 $2,248,855 $1,775,413 $473,442
2022 $25,976 $2,204,760 $1,740,601 $464,159
2021 $25,661 $2,161,530 $1,706,472 $455,058
2019 $24,885 $2,097,419 $1,655,858 $441,561
2018 $24,790 $2,056,294 $1,623,391 $432,903
2016 $23,734 $1,976,447 $1,560,353 $416,094
2015 $23,383 $1,946,760 $1,536,916 $409,844
2014 $23,454 $1,908,626 $1,506,810 $401,816
Source: Public Records

Agents Affiliated with this Home

  • Francyne Lambert

    Seller's Agent in 2013

    Francyne Lambert

    Lambert Investments, Inc.

    (310) 720-9299

    17 Total Sales

    Francyne Lambert
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Map

Source: The MLS

MLS Number: 13-657045

The MLS

APN: 4116-033-036

California Los Angeles County Playa Del Rey 90293

6987 Trolleyway, Playa Del Rey, CA

This home is located at 6987 Trolleyway, Playa Del Rey, CA 90293 since 11 March 2013 and is currently estimated at $3,221,894, approximately $1,430 per square foot. This property was built in 1956. 6987 Trolleyway is a home located in Los Angeles County with nearby schools including Paseo Del Rey Natural Science Magnet, Loyola Village Elementary School, and Kentwood Elementary.

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