NOT LISTED FOR SALE

Estimated Value: $1,488,000 - $3,463,000

5 Beds
6 Baths
4,157 Sq Ft
$647/Sq Ft Est. Value

Last Sold January 03, 2018

Last sale price $2,100,000 $505 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $16,987/month

42 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Side by Side Parking
  • John Muir Elementary School Rated A
  • Built-In Features
  • Laundry Room

About This Home

As of January 2018

Beautiful Spanish style triplex with three spacious townhouse-style loft units available in the desirable Ocean Park neighborhood. This stunning property offers 2 x 2 bedroom/ bath units with an open living/ kitchen floor plan along with soaring vaulted ceilings, open fireplaces, hardwood floors, roof decks, and patios. The units offer an abundance of natural light, which pours through the many windows. There is also a two-story 1-bedroom/ 1.5 bath unit with a balcony, wood beamed ceilings, hardwood floors, and fireplace. The property also features a common patio area with outdoor grill and water fountain, along with ample parking available with 6 side-by-side covered spaces. Tenants will enjoy a very walk able and bike friendly neighborhood with close proximity to the beach as well as hip shops and restaurants located nearby on Main St and Lincoln.

Last Agent to Sell the Property

Jonathan Pearson

Douglas Elliman License #01914386 Listed on: 10/25/2017

Douglas Elliman

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,116

Year Built

  • Built in 1924

Lot Details

  • 4,786

Home Design

  • Triplex

Interior Spaces

  • 4,157 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Wood Flooring
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Covered Parking
  • Side by Side Parking
  • Gated Parking
  • Assigned Parking
  • Controlled Entrance

Additional Features

  • Outdoor Grill
  • 4,786 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 4287-016-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,116

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4157
  • Stories: 3
  • Year Built: 1924
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Wood
  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Range/Oven
  • Price Per S Q F T: 540.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Assigned, Controlled Entrance, Covered Parking, Side By Side
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Electric Expense: 622.00
  • Heating: Central
  • Water Expense: 1273.00

Association/Amenities

  • Amenities: Gated Parking

Fee Information

  • Gas Expense: 197.00
  • Management Expense: 6015.00

Lot Info

  • Assessed Improvement Value: 690597
  • Assessed Land Value: 1321146
  • Assessor Parcel Number: 4287-016-020
  • Geocode Override: No
  • Lot Size Area: 4786

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 29.00
  • Number Of Units: 3
  • Rent Control: 1
  • Total Annual Expense: 25036
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2024
Sold by
Raymond Chun Tsai Living Trust
Bought by
Syzygy Solutions California Properties Llc
Current Estimated Value
$2,687,584

Purchase Details

Closed on
Jun 11, 2018
Sold by
Tsai Raymond Chun
Bought by
Tsai Raymond Chun and The Raymond Chun Tsai Living T

Purchase Details

Listed on
Oct 25, 2017
Closed on
Dec 14, 2017
Sold by
Lippert John W and Lippert Cynthia D
Bought by
Tsai Raymond Chun
Seller's Agent
Jonathan Pearson
Douglas Elliman
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,490,000
Sold Price
$2,100,000
Premium/Discount to List
-$390,000
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.28%
Original Mortgage
$984,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2016
Sold by
Putney Megaera and The Oceanpark Trust 710353289-
Bought by
Lippert John W and Lippert Cynthia D

Purchase Details

Closed on
Jul 2, 2012
Sold by
Lippert Cynthia D and Lippert John William
Bought by
The Oceanpark Trust 710353289-60

Purchase Details

Closed on
May 11, 2005
Sold by
Los Angeles Austin Ltd
Bought by
Lippert John W and Lippert Cynthia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,172,500
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2005
Sold by
544 Rose
Bought by
Los Angeles Austin Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Syzygy Solutions California Properties Llc -- None Listed On Document
Tsai Raymond Chun -- Accommodation
Tsai Raymond Chun $2,100,000 Fidelity National Title Comp
Lippert John W -- None Available
The Oceanpark Trust 710353289-60 -- None Available
Lippert John W -- Old Republic
Los Angeles Austin Ltd -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raymond Chun Tsai Living Trust $1,200,000
Previous Owner Tsai Raymond Chun $984,500
Previous Owner Lippert John W $1,413,000
Previous Owner Lippert John W $1,172,500
Previous Owner Los Angeles Austin Ltd $937,500
Closed Lippert John W $167,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2018 01/03/18 Sold $2,100,000 -6.5% $505 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/30/2017 11/30/17 Price Changed $2,245,000 -9.8% $540 / Sq Ft
10/25/2017 10/25/17 For Sale $2,490,000 -- $599 / 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 $28,116 $2,375,580 $1,900,260 $475,320
2024 $28,116 $2,342,585 $2,119,484 $223,101
2023 $27,669 $2,296,653 $2,077,926 $218,727
2022 $27,329 $2,251,622 $2,037,183 $214,439
2021 $26,653 $2,207,474 $1,997,239 $210,235
2020 $26,472 $2,184,840 $1,976,760 $208,080
2019 $26,209 $2,142,000 $1,938,000 $204,000
2018 $24,081 $2,051,976 $1,347,568 $704,408
2016 $23,189 $1,972,298 $1,295,242 $677,056
2015 $22,891 $1,942,673 $1,275,787 $666,886
2014 $22,568 $1,904,620 $1,250,797 $653,823
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-283754

The MLS

APN: 4287-016-020