NOT LISTED FOR SALE

820 3rd St Santa Monica, CA 90403

Wilshire Montana Neighborhood
5 Beds
5 Baths
2,990 Sq Ft
1940 Built

Last Sold November 17, 2017

Last sale price $5,000,000 $1,672 Per Sq Ft

3 Days on Market

About This Home

As of November 2017

For comparable use only. This property was sold along with 814 3rd St.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 07/24/2017

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 07/24/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,526 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre
  • 4292024003
  • Land Lease

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,990 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot D
  • Assessor Parcel Number 4292024004

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,210
  • Insurance Expense $9,165
  • Professional Management Expense $10,220
  • Trash Expense $2,239
  • Water Sewer Expense $5,643
  • New Taxes Expense $63,750
  • Operating Expense $98,203
  • Gross Income $197,964
  • Net Operating Income $118,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

5

Listing Details

  • CapRate: 2.33
  • Other Phone Description: 562-236-0088
  • Price Per Unit: 510000
  • Professional Management Expense: 10220.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5643.00
  • Zoning: SMR3*
  • Property Type: Residential Income
  • Parcel Number: 4292024004
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 1672.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2239.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 4292024003
  • Land Lease: Yes
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7526.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 2210.00
  • Gross Income: 197964.00
  • Gross Multiplier: 25.76
  • Gross Operating Income: 188066.00
  • Gross Scheduled Income: 197964.00
  • Insurance Expense: 9165.00
  • Net Operating Income: 118779.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 69287.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 5731.00
  • Total Expenses: 98203.00
  • Vacancy Allowance: 9898
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 63750.00
  • Tax Census Tract: 7014.02
  • Tax Lot: D

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
11/17/2017 11/17/17 Sold $5,000,000 +96.1% $1,672 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
07/24/2017 07/24/17 For Sale $2,550,000 -- $853 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Joseph

    Seller's Agent in 2017

    James Joseph

    Liberty Real Estate Services

    (562) 236-0088

    4 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17260656

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Santa Monica 90403 Wilshire Montana

820 3rd St, Santa Monica, CA

This home is located at 820 3rd St, Santa Monica, CA 90403 since 24 July 2017. This property was built in 1940. 820 3rd St is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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