NOT LISTED FOR SALE

Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $4,356,179 - $5,342,000

6 Beds
3 Baths
2,209 Sq Ft
$2,137/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $1,700,000 $770 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $28,038/month

21 Days on Market

About This Home

As of August 2015

1 (2028)of 3 (2034,2102) 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 parcels sold as assemblage for a greater structure??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

  • $44,206

Year Built

  • Built in 1942

Lot Details

  • 5,657

Interior Spaces

  • 2,209 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Shared Driveway

Additional Features

  • 5,657 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4289-010-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$44,206

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2209
  • Stories: 2
  • Year Built: 1942
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 769.58

Exterior Features

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

Garage/Parking

  • Parking Garage: Shared Driveway
  • Total Parking: 5

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 130251
  • Assessed Land Value: 442867
  • Assessor Parcel Number: 4289-010-004
  • Geocode Override: No
  • Lot Size Area: 5657

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: ?
  • Total Annual Expense: 0
  • Type Of Units: 3units
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2020
Sold by
2028 5Th Lp
Bought by
Morrison Robert Michael
Current Estimated Value
$4,448,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,163,926
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$2,556,369

Purchase Details

Closed on
May 15, 2015
Sold by
Foster Adam Rockwood
Bought by
2028 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
$1,445,000
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 1998
Sold by
Ge Capital Mtg Services Inc
Bought by
Foster Adam Rockwood

Purchase Details

Closed on
May 2, 1998
Sold by
Nationsbank Of Virginia Na
Bought by
Ge Capital Mtg Services Inc

Purchase Details

Closed on
Mar 9, 1998
Sold by
Banerjee Mona S and Banerjee Subroto
Bought by
Ryland Mtg Securities Corp Mtg Participa

Purchase Details

Closed on
Jul 22, 1997
Sold by
Banerjee Mona S
Bought by
G E Capital Mtg Services
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
Morrison Robert Michael $3,495,000 Lawyers Title Company
2028 5Th Lp $1,700,000 Old Republic Title Company
Foster Adam Rockwood $440,000 Stewart Title
Ge Capital Mtg Services Inc -- --
Ryland Mtg Securities Corp Mtg Participa $390,241 Stewart Title
G E Capital Mtg Services $395,000 American Title
G E Capital Mtg Services $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrison Robert Michael $2,500,000
Previous Owner 2028 5Th Lp $2,386,000
Previous Owner 2028 5Th Lp $2,220,000
Previous Owner 2028 Th Lp $1,315,000
Previous Owner 2028 5Th Lp $1,445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2015 08/14/15 Sold $1,700,000 0.0% $770 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,700,000 -- $770 / 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 $44,206 $3,822,290 $1,999,183 $1,823,107
2024 $44,206 $3,747,344 $1,959,984 $1,787,360
2023 $43,503 $3,673,867 $1,921,553 $1,752,314
2022 $42,982 $3,601,831 $1,883,876 $1,717,955
2021 $41,953 $3,531,208 $1,846,938 $1,684,270
2020 $33,304 $2,778,325 $1,840,134 $938,191
2019 $32,976 $2,723,859 $1,804,053 $919,806
2018 $20,807 $1,769,220 $1,040,400 $728,820
2016 $20,053 $1,700,000 $1,000,000 $700,000
2015 $7,301 $584,568 $451,715 $132,853
2014 $7,220 $573,118 $442,867 $130,251
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

    Section Image
  • Stacey Valnes

    Buyer's Agent in 2015

    Stacey Valnes

    Create

    (310) 455-0096

    12 in this area

    78 Total Sales

    Section Image
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Source: The MLS

MLS Number: 15-898191

The MLS

APN: 4289-010-004

California Los Angeles County Santa Monica 90405

Ocean Park

This home since 20 April 2015 and is currently estimated at $4,720,295, approximately $2,136 per square foot. This property was built in 1942. 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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