T
Seller's Agent in 2012
Tom Mulholland
First Manhattan REALTORS
7037 Trolleyway Playa Del Rey, CA 90293
Estimated Value: $2,390,288 - $4,445,000
6
Beds
3
Baths
2,458
Sq Ft
$1,340/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Ocean Side of Highway 1
- Kentwood Elementary Rated A-
- Property has ocean access
- Living Room with Attached Deck
About This Home
As of August 2012ON THE OCEAN FRONT! REDUCED PRICE! Seller is motivated!. Fantastic Views of Ocean, Sand, Surf and Sunsets from this Ocean View Duplex. Spectacular location at a price much lower than other similar properties in those Beach Cities to the South. Price is close to land value. Build your Beach Castle, or remodel into a luxury home. Presently it is a Duplex with only the Sand and Bike path between your next home and the Pacific Ocean. 4 bedroom 2 bath upper unit with 2 bedroom 1 bath lower. Recent renovation for mold abatement, (by fully licensed mold remediation contractor) makes each unit in great condition with new carpets, and paint, in both units. Kitchens have Stoves, Dishwasher and Stacked Washer and Dryer. Fireplace in 2 bed unit.
Seller intends to do an IRS 1031 Tax Deferred Exchange. Suggestions are welcome.
Last Agent to Sell the Property
Tom Mulholland
First Manhattan REALTORS License #00479647 Listed on: 02/09/2012
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,801
Year Built
- Built in 1956
Lot Details
- 3,049 Sq Ft Lot
- Beach Front
- West Facing Home
- Level Lot
Parking
- 2 Car Garage
- Parking Available
- Front Facing Garage
- Driveway
- Off-Street Parking
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
Home Design
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Stucco
Interior Spaces
- 2,458 Sq Ft Home
- Gas Fireplace
- Double Pane Windows
- Living Room with Fireplace
- Living Room with Attached Deck
- Termite Clearance
Kitchen
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
- Washer
Outdoor Features
- Property has ocean access
- Ocean Side of Highway 1
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 6
- Tax Tract Number 8573
- Assessor Parcel Number 4116033049
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $2,054
- Maintenance Expense $4,121
- Other Expense $109
- Professional Management Expense $1,200
- Trash Expense $310
- Water Sewer Expense $974
- New Taxes Expense $28,125
- Gross Income $59,856
- Net Operating Income $39,738
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 1, 2013
Sold by
Alexander Haagen Iv Trust #1
Bought by
A4 Jungle Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$779,818
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$2,598,760
Purchase Details
Closed on
Dec 3, 2012
Sold by
Aj Jungle Llc
Bought by
Alexander Haagen Iv Trust #1
Purchase Details
Listed on
Feb 9, 2012
Closed on
Jul 12, 2012
Sold by
Barber David Michael and Barber Leslie
Bought by
A4 Jungle Llc
Seller's Agent
Tom Mulholland
First Manhattan REALTORS
Buyer's Agent
christian stevens
Core Real Estate Group
List Price
$2,250,000
Sold Price
$1,900,000
Premium/Discount to List
-$350,000
-15.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Purchase Details
Closed on
Aug 4, 2008
Sold by
Barber David Michael and Barber Michael Barber
Bought by
Barber David Michael
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| A4 Jungle Llc | -- | Accommodation | |
| Alexander Haagen Iv Trust #1 | -- | First American Title Co La | |
| A4 Jungle Llc | $1,900,000 | First American Title Co | |
| Barber David Michael | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alexander Haagen Iv Trust #1 | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2012 08/31/12 | Sold | $1,900,000 | -15.6% | $773 / Sq Ft |
| 07/11/2012 07/11/12 | Pending | -- | -- | -- |
| 02/09/2012 02/09/12 | For Sale | $2,250,000 | -- | $915 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $27,801 | $2,339,707 | $1,847,139 | $492,568 |
| 2024 | $27,801 | $2,293,831 | $1,810,921 | $482,910 |
| 2023 | $27,259 | $2,248,855 | $1,775,413 | $473,442 |
| 2022 | $25,981 | $2,204,760 | $1,740,601 | $464,159 |
| 2021 | $25,665 | $2,161,530 | $1,706,472 | $455,058 |
| 2019 | $24,889 | $2,097,419 | $1,655,858 | $441,561 |
| 2018 | $24,800 | $2,056,294 | $1,623,391 | $432,903 |
| 2016 | $23,726 | $1,976,447 | $1,560,353 | $416,094 |
| 2015 | $23,375 | $1,946,760 | $1,536,916 | $409,844 |
| 2014 | $23,446 | $1,908,626 | $1,506,810 | $401,816 |
Source: Public Records
Agents Affiliated with this Home
-
-
christian stevens
c
Buyer's Agent in 2012
christian stevens
Core Real Estate Group
(310) 435-1870
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S12019143
APN: 4116-033-049
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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