NOT LISTED FOR SALE

Estimated Value: $3,763,000 - $18,729,280

4 Beds
4 Baths
1,884 Sq Ft
$5,412/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $14,500,000 $7,696 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $67,707/month

6 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Living Room with Attached Deck
  • Opal Robinson Elementary School Rated A
  • Ocean Side of Highway 1
  • No HOA

About This Home

As of August 2020

This beachfront property is positioned in an elite South Manhattan Beach Strand location. This is an exclusive, center-of-the-bullseye Strand ownership opportunity offering highly desirable positioning within easy walking distance of Downtown MB and all the shops/dining options along Manhattan Ave. What also makes this location so sought after is the intimate connection to the beach. This is front-and-center living where you can step right out onto the Sand rather than living above and having to access the beach via stairs. The property captures sweeping ocean views as well as a postcard worthy view of the Pier and guard tower. The current structure offers two charming units. The units feature near-identical floorplans, with two large bedrooms and two full baths. They each offer washer/dryer hookups. Each unit enjoys a large picture window that frames the endless horizon beyond. The upper unit has a large private deck with views from PV to the Palisades. The lower unit has a gated beachfront patio. There is a large, private common yard area in the back of the property which is great for entertaining and enjoying BBQs, while also serving as a secure area for beach cruisers. 2 garages accommodate plenty of parking. The upper unit has a bonus "under stair" closet that provides plenty of room for storing beach chairs and toys, and there is an exterior closet that is perfect for safely storing boards. Rent now, build later! Copy link to browser >>>> https://tinyurl.com/yxsuc2eq

Last Agent to Sell the Property

Bryn Stroyke

Bayside License #00855690 Listed on: 07/22/2020

Last Buyer's Agent

Todd Stein

Campbell Wellman Properties License #01879814

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,328 Sq Ft Lot
  • Beach Front
  • Two or More Common Walls
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Tandem Garage

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • Hills

Home Design

  • Duplex

Interior Spaces

  • 1,884 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Decorative Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Breakfast Bar

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Open Patio

Schools

  • Robinson Elementary School
  • Manhattan Beach Middle School
  • Mira Costa High School

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Assessor Parcel Number 4180026002

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MNRM
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 4180026002
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1884.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Living Room Deck Attached, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room, Decorative
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 7696.39
  • Room Type: Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Hills, Ocean, Panoramic, Pier, White Water
  • Patio And Porch Features: Deck, Patio Open
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Tandem Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: Robinson
  • High School: Mira Costa
  • Middle Or Junior School: Manhattan Beach
  • Elementary School #2: ROBINS
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3328.00
  • Lot Size Acres: 0.0764

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3328.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Front, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 6209.04
  • Tax Lot: 2
  • Tax Tract Number: .

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 3, 2020
Sold by
Labonte David and Labonte Ellen
Bought by
Bateman Stephen James and The 516 Strand Trust
Seller's Agent
Bryn Stroyke
Bayside
Buyer's Agent
Todd Stein
Campbell Wellman Properties
List Price
$14,500,000
Sold Price
$14,500,000
Current Estimated Value
$10,196,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,303,907
Avg. Annual Appreciation
-6.34%

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 15, 2014
Sold by
Karimi Shirin R
Bought by
Labonte David and Labonte Ellen
Seller's Agent
David Caskey
eXp Realty of California Inc
Buyer's Agent
Lee LeGrande
eXp Realty of California Inc
List Price
$10,000,000
Sold Price
$13,500,001
Premium/Discount to List
$3,500,001
35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$7,200,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 11, 2014
Sold by
Karimi Melissa Lynn
Bought by
Moore Melissa L and Easley Allison M
Seller's Agent
David Caskey
eXp Realty of California Inc
Buyer's Agent
Lee LeGrande
eXp Realty of California Inc
List Price
$10,000,000
Sold Price
$13,500,001
Premium/Discount to List
$3,500,001
35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,200,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 7, 2014
Sold by
Karimi Shirin R
Bought by
Kline Sharon L and Moore Melissa L
Seller's Agent
David Caskey
eXp Realty of California Inc
Buyer's Agent
Lee LeGrande
eXp Realty of California Inc
List Price
$10,000,000
Sold Price
$13,500,001
Premium/Discount to List
$3,500,001
35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,200,000
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2009
Sold by
Moore Irmgard B
Bought by
Swanson Melissa L and Kline Sharon L

Purchase Details

Closed on
Mar 5, 2007
Sold by
Moore Irmgard B
Bought by
Swanson Melissa L and Kline Sharon L

Purchase Details

Closed on
Dec 27, 2005
Sold by
Moore Irmgard B
Bought by
Swanson Melissa L and Kline Sharon L

Purchase Details

Closed on
Dec 30, 2003
Sold by
Moore Irmgard B
Bought by
Swanson Melissa L and Kline Sharon L

Purchase Details

Closed on
Apr 20, 2000
Sold by
Moore Patrick W
Bought by
Moore Irmgard B and The Patrick W & Irmgard B Moore Revocabl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bateman Stephen James $14,500,000 Provident Title Co
Labonte David $13,500,500 Provident Title Company
Moore Melissa L -- None Available
Kline Sharon L -- None Available
Kline Sharon L -- None Available
Swanson Melissa L -- None Available
Swanson Melissa L -- None Available
Swanson Melissa L -- --
Swanson Melissa L -- --
Moore Irmgard B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Labonte David $7,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2020 08/18/20 Sold $14,500,000 0.0% $7,696 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $14,500,000 +7.4% $7,696 / Sq Ft
11/21/2014 11/21/14 Sold $13,500,001 +35.0% $7,166 / Sq Ft View Prior Sale
09/09/2014 09/09/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $10,000,000 -- $5,308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $172,688 $15,695,266 $15,154,050 $541,216
2024 $172,688 $15,387,516 $14,856,912 $530,604
2023 $168,426 $15,085,800 $14,565,600 $520,200
2022 $165,471 $14,790,000 $14,280,000 $510,000
2021 $162,254 $14,500,000 $14,000,000 $500,000
2020 $166,149 $14,836,137 $14,396,102 $440,035
2019 $163,134 $14,545,242 $14,113,826 $431,416
2018 $160,087 $14,260,051 $13,837,085 $422,966
2017 $156,835 $13,979,992 $13,565,770 $414,222
2016 $150,284 $13,705,875 $13,299,775 $406,100
2015 $147,139 $13,500,000 $13,100,000 $400,000
2014 $5,650 $486,182 $353,902 $132,280
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20145703

California Regional Multiple Listing Service (CRMLS)

APN: 4180-026-002