NOT LISTED FOR SALE

Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $1,385,000 - $2,940,000

3 Beds
2 Baths
516 Sq Ft
$4,654/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $1,525,000 $2,955 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $16,654/month

21 Days on Market

Highlights

  • 4 Car Attached Garage
  • 1-Story Property
  • 4-minute walk to Los Amigos Park
  • John Muir Elementary School Rated A

About This Home

As of August 2015

1 (2102)of 3 (2028,2034 on 5th street) parcels to be Sold and Close, all at same time. Buyer to participate in 1031 exchange. "Properties are in Santa Monica and subject to rent control, buyer to check with rent control for status, buyer to do due diligence with City of Santa Monica Building & Safety for what can be permitted or constructed, and Seller makes no warranties or guarantees." No leases with any tenant or security deposits. 3 adjacent parcels sold as assemblage for a greater structure?? One house is vacant and will delivered vacant at COE. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

John Isaac

Cargile & Company License #00931978 Listed on: 04/20/2015

Last Buyer's Agent

Stacey Valnes

Create License #00989680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,838

Year Built

  • Built in 1911

Lot Details

  • 5,661

Interior Spaces

  • 516 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Additional Features

  • 5,661 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4289-010-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,838

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Living Area: 516
  • Stories: 1
  • Year Built: 1911
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 3100.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached, Driveway, Driveway - Concrete, Garage, Garage - 1 Car, Garage Is Detached, Private Garage
  • Total Parking: 4

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 84659
  • Assessed Land Value: 175841
  • Assessor Parcel Number: 4289-010-006
  • Geocode Override: No
  • Lot Size Area: 5661

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Ws Investments Property Llc
Bought by
Chang Charlene
Current Estimated Value
$2,401,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,205,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2018
Sold by
2012 5Th Lp
Bought by
Ws Investments Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
May 18, 2015
Sold by
Foster Adam R
Bought by
2102 5Th Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,296,250
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 1997
Sold by
Pearson Gilbert and Brinkerhoff Arlene
Bought by
Foster Adam R

Purchase Details

Closed on
Aug 22, 1995
Sold by
Pearson Gilbert G and Pearson Gilbert
Bought by
Pearson Gilbert G and The Gilbert G Pearson Revocabl
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
Chang Charlene $850,000 Chicago Title Company
Duford Adam $1,500,000 Chicago Title Company
Desert Springs Inn Llc $1,150,000 Chicago Title Company
Ws Investments Property Llc $2,150,000 Lawyers Title
2102 5Th Lp $1,525,000 Old Republic Title Company
Foster Adam R $200,000 --
Pearson Gilbert G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duford Adam $1,205,000
Previous Owner Chang Charlene $637,500
Previous Owner Ws Investments Property Llc $2,400,000
Previous Owner 1014 Bay Lp $10,603,000
Previous Owner 2102 5Th Lp $1,366,000
Previous Owner 2102 5Th Lp $1,338,500
Previous Owner 2102 5Th Lp $1,315,000
Previous Owner 2102 5Th Lp $1,296,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2015 08/14/15 Sold $1,525,000 -90.5% $2,955 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $16,000,000 -- $31,008 / 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 $42,838 $3,696,496 $2,546,788 $1,149,708
2024 $42,838 $3,624,016 $2,496,851 $1,127,165
2023 $42,155 $3,552,958 $2,447,894 $1,105,064
2022 $41,260 $3,450,000 $2,300,000 $1,150,000
2021 $38,207 $3,214,561 $2,164,191 $1,050,370
2020 $37,849 $2,193,000 $2,142,000 $51,000
2019 $26,054 $2,150,000 $2,100,000 $50,000
2018 $18,599 $1,586,610 $1,113,228 $473,382
2017 $18,518 $1,555,500 $1,091,400 $464,100
2016 $17,931 $1,525,000 $1,070,000 $455,000
2015 $3,617 $265,704 $179,354 $86,350
2014 $3,587 $260,500 $175,841 $84,659
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Isaac

    Cargile & Company

    (310) 215-0788

    2 in this area

    2 Total Sales

    John Isaac
    Section Image
  • Stacey Valnes

    Buyer's Agent in 2015

    Stacey Valnes

    Create

    (310) 455-0096

    11 in this area

    76 Total Sales

    Stacey Valnes
    Section Image
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Source: The MLS

MLS Number: 15-898839

The MLS

APN: 4289-010-006

California Los Angeles County Santa Monica 90405

Ocean Park

This home since 20 April 2015 and is currently estimated at $2,401,333, approximately $4,653 per square foot. This property was built in 1911. This home is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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