$1,420,000
SOLD OCT 2, 2024
3 Beds
3 Baths
1,623 Sq Ft
4,996 Sq Ft Lot

Recently Sold

$875 Per Sq Ft

19% Below List Price

128 Days on Market

Highlights

  • Ocean View
  • Balcony
  • Back and Front Yard
  • John Muir Elementary School Rated A
  • Bungalow
  • 4-minute walk to Ozone Park

About This Home

As of October 2024

TO BE DELIVERED FULLY VACANT TRIPLEX 726 Pier Ave presents an outstanding development opportunity in the highly sought-after Ocean Park neighborhood of Santa Monica.Situated on a spacious lot west of Lincoln, this property offers endless possibilities for those looking to build their dream home or explore multi-unit development. With its desirable zoning (SM0P2) and prime location, this opportunity shouldn't be overlooked.The existing structure is a triplex, to be delivered vacant. This opens up a unique chance for renovation, expansion, or new construction, appealing to investors, developers, or homeowners.Additionally, the property's location provides easy access to Santa Monica's attractions, including the Santa Monica Pier and Third Street Promenade. The nearby beaches offer a perfect backdrop for a relaxed coastal lifestyle.Attached, you'll find the inspection report and survey indicating an encroachment, offering valuable insights into the property.Don't miss out on this chance to create something special in one of Santa Monica's most sought-after neighborhoods. Schedule a showing today to explore the possibilities at 726 Pier Ave.

Last Agent to Sell the Property

Jasan Sherman

Coldwell Banker Realty License #01333986 Listed on: 04/01/2024

Coldwell Banker Realty

Co-Listed By

Zoe Haynes

Berkshire Hathaway HomeServices California Properties License #02178862

Last Buyer's Agent

Jasan Sherman

Coldwell Banker Realty License #01333986 Listed on: 04/01/2024

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,295

Lot Details

  • 4,996 Sq Ft Lot
  • Back and Front Yard

Parking

  • 2 Parking Spaces

Property Views

  • Ocean
  • Skyline
  • Peek-A-Boo

Home Design

  • Bungalow
  • Fixer Upper
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,623 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4287-030-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,295

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1623
  • Lot Acreage: 0.1147
  • Property Condition: Fixer
  • Stories: 2
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 982.75

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Tree Top, Skyline, Peek-A-Boo, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Sewer: In Street
  • Water: Public

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessed Improvement Percent: 24.69
  • Assessed Improvement Value: 29080
  • Assessed Land Percent: 75.31
  • Assessed Land Value: 88687
  • Total Assessed Value: 117767
  • Assessor Parcel Number: 4287-030-006
  • Lot Description: Front Yard, Back Yard
  • Lot Size Area: 4996

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: 1+1
  • Vacancy Rate: ALL

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Sep 19, 2024
Sold by
Gertrude H Kline Revocable 1999 Trust and Kline Eric H
Bought by
Gispan Moral
Seller's Agent
Jasan Sherman
Coldwell Banker Realty
Buyer's Agent
Jasan Sherman
Coldwell Banker Realty
List Price
$1,750,000
Sold Price
$1,420,000
Premium/Discount to List
-$330,000
-18.86%
Views
121
Current Estimated Value
$1,565,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,684
Avg. Annual Appreciation
11.46%
Original Mortgage
$1,065,000
Outstanding Balance
$1,055,059
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$510,625

Purchase Details

Closed on
Aug 4, 2016
Sold by
Kline Gertrude H and Kline Revocable 199 Gertrude H
Bought by
Redlich Joan E and Kline Revocable 199 Gertrude H

Purchase Details

Closed on
Feb 17, 1999
Sold by
Kline Gertrude H
Bought by
Kline Gertrude H and Kline Revocable 199 Gertrude H
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,420,000 California Best Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,065,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold $1,420,000 -11.0% $875 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/09/2024 07/09/24 Price Changed $1,595,000 -4.8% $983 / Sq Ft
06/17/2024 06/17/24 Price Changed $1,675,000 -1.5% $1,032 / Sq Ft
05/30/2024 05/30/24 Price Changed $1,700,000 -2.9% $1,047 / Sq Ft
04/01/2024 04/01/24 For Sale $1,750,000 -- $1,078 / 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 $2,295 $1,420,000 $1,320,000 $100,000
2024 $2,295 $120,121 $90,460 $29,661
2023 $2,255 $117,767 $88,687 $29,080
2022 $2,208 $115,459 $86,949 $28,510
2021 $2,119 $113,196 $85,245 $27,951
2019 $2,070 $109,840 $82,717 $27,123
2018 $1,953 $107,688 $81,096 $26,592
2016 $1,855 $103,508 $77,948 $25,560
2015 $1,827 $101,955 $76,778 $25,177
2014 $1,833 $99,959 $75,275 $24,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-374921

The MLS

APN: 4287-030-006