NOT LISTED FOR SALE

Estimated Value: $3,238,000 - $4,303,180

4 Beds
4 Baths
2,737 Sq Ft
$1,350/Sq Ft Est. Value

Last Sold April 17, 2019

Last sale price $2,575,000 $941 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $22,818/month

153 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Open Patio
  • Roosevelt Elementary School Rated A+
  • Built-In Features
  • Attic Fan

About This Home

As of April 2019

This is a wonderful 1920's Spanish style duplex! Currently exempt from SM rent control. Use as Income property, or owner-user compound or could be converted to a Single Family Residence!Excellent location north of Wilshire near Montana Ave on blocks from Santa Monica beach. Upper and lower units each with their own charm and character and both delivered VACANT at close of escrow! A large sunny backyard, perfect for entertaining and a detached converted garage. Excellent work-from home space! Each unit is 2 bedrooms, 2 baths and has its own laundry! Large bedrooms, natural light, hardwood floors, and decorative fireplaces. Roosevelt school district. Convenient to public transportation and an awesome "walk-score" with Montana Avenue, 3rd St Promenade, restaurants & shopping nearby. Currently exempt from rent control and no soft story work is required. Drive-by only, inside with an accepted offer.

Last Agent to Sell the Property

John Hathorn

Compass License #00960182 Listed on: 09/18/2018

Compass

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,123

Year Built

  • Built in 1926

Lot Details

  • 7,478

Home Design

  • Duplex
  • Spanish Architecture
  • Stucco

Interior Spaces

  • 2,737 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Attic Fan

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Additional Features

  • Open Patio
  • 7,478 Sq Ft Lot

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4292-002-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,123

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2737
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 984.65

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No

Utilities

  • Cooling: Attic Fan
  • Heating: Floor Furnace, Wall Gas

Lot Info

  • Assessor Parcel Number: 4292-002-006
  • Geocode Override: No
  • Lot Size Area: 7478

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 25.90
  • Number Of Units: 2
  • Total Annual Expense: 22603
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2018
Closed on
Apr 9, 2019
Sold by
Fanali Antony and Fanali Rochelle
Bought by
928 Lincoln Llc
Seller's Agent
John Hathorn
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,695,000
Sold Price
$2,575,000
Premium/Discount to List
-$120,000
-4.45%
Current Estimated Value
$3,694,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,119,393
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Oct 11, 2006
Sold by
Fanali Anthony and Fanali Rochelle
Bought by
Fanali Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 6, 2006
Sold by
Conn Michael and Keyes Stacy
Bought by
Lewis Fanali Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 13, 2003
Sold by
Clarizio James V and Clarizio Huguette G
Bought by
Third Street Townhomes Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
928 Lincoln Llc $2,575,000 Fidelity National Title Co
Fanali Anthony -- North American Title
Lewis Fanali Rochelle $575,863 North American Title Co
Third Street Townhomes Llc $462,500 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fanali Anthony $90,000
Previous Owner Lewis Fanali Rochelle $999,900
Previous Owner Fanali Anthony $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2019 04/17/19 Sold $2,575,000 -4.5% $941 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
09/18/2018 09/18/18 For Sale $2,695,000 -- $985 / 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 $34,123 $2,929,325 $1,896,380 $1,032,945
2024 $34,123 $2,871,889 $1,859,197 $1,012,692
2023 $33,580 $2,815,579 $1,822,743 $992,836
2022 $33,173 $2,760,372 $1,787,003 $973,369
2021 $32,369 $2,706,248 $1,751,964 $954,284
2019 $10,236 $800,375 $744,437 $55,938
2018 $9,596 $784,683 $729,841 $54,842
2016 $9,213 $754,214 $701,501 $52,713
2015 $9,091 $742,886 $690,964 $51,922
2014 $8,977 $728,334 $677,429 $50,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-387704

The MLS

APN: 4292-002-006