NOT LISTED FOR SALE

Estimated Value: $1,728,000 - $2,076,000

4 Beds
3 Baths
2,400 Sq Ft
$799/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $1,426,500 $594 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $12,221/month

4 Days on Market

Highlights

  • City Lights View
  • Fireplace in Kitchen
  • No HOA
  • Edison Language Academy Rated A
  • Wood Flooring

About This Home

As of September 2020

Priced to Sell! Amazing opportunity for owner/investor to own income property with three units in the heart of Santa Monica. Close proximity to beach, shopping centers, schools, metro and easy access to freeway. Three separate garages that can be rented out for storage for additional income. (1)Spacious two bedroom/1 bath unit, with living room, dining room, kitchen, patio area for lounging, dining, entertaining, while enjoying the beautiful city and Santa Monica Mountain views. (2)Large one bedroom/1 bath unit, lots of natural light, living room, kitchen, dining room. The property features hardwood flooring, spacious floor plan, and ample of natural lighting. A great value and must see!

Last Listed By

ireen Murphy

HomeSmart, Evergreen Realty License #01719122 Listed on: 07/14/2020

HomeSmart, Evergreen Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,406

Year Built

  • Built in 1951

Lot Details

  • 5,264 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Wood Flooring
  • City Lights Views
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 4274023005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $991
  • Trash Expense $1,424
  • Operating Expense $1,135
  • Gross Income $48,612
  • Net Operating Income $33,858

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,406

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: 949-485-8289
  • Other Phone Number: 949-485-8289
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4274023005
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Fireplace Features: Dining Room, Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 594.38

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1424.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5264.00
  • Lot Size Acres: 0.1208

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 48612.00
  • Gross Scheduled Income: 42341.00
  • Insurance Expense: 991.00
  • Lot Size Area: 5264.0000 Square Feet
  • Net Operating Income: 33858.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6500.00
  • Rent Control: Yes
  • Total Expenses: 1135.00

Tax Info

  • Tax Lot: 0000
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Aug 6, 2020
Sold by
Lai Rajkuari and Estate Of Daniel Lai
Bought by
Gunawn Glen and Hanafi Charissa
Seller's Agent
ireen Murphy
HomeSmart, Evergreen Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,399,000
Sold Price
$1,426,500
Premium/Discount to List
$27,500
1.97%
Total Days on Market
4
Current Estimated Value
$1,918,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,924
Avg. Annual Appreciation
6.61%
Original Mortgage
$1,141,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2008
Sold by
Lal Sharleen
Bought by
Lal Peter Hirday and Lal Rajkuari

Purchase Details

Closed on
Jan 23, 2008
Sold by
Lal Peter Hirday
Bought by
Lal Daniel

Purchase Details

Closed on
Feb 21, 2007
Sold by
Lal Peter Hirday
Bought by
Lal Peter H and Lal Rajkuari

Purchase Details

Closed on
Oct 17, 2003
Sold by
Rowe Alan J
Bought by
Torkian Siamak and Torkian Sharareh Attan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$962,500
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 1998
Sold by
Lal Shareen
Bought by
Lal Peter Hirday and Lal Rajkuari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 23, 1998
Sold by
Lal Peter H
Bought by
Lal Sharleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 1997
Sold by
Alves Marlene
Bought by
Alves Marlene and Leduff Andre

Purchase Details

Closed on
Aug 1, 1995
Sold by
Lal Peter Hirday
Bought by
Lal Peter H and Lal Rajkuari

Purchase Details

Closed on
Jul 10, 1995
Sold by
Kumar Diren B
Bought by
Jittu James K

Purchase Details

Closed on
Sep 23, 1993
Sold by
Murphy Ireen Sureen
Bought by
Lal Peter Hirday and Lal Rajkuari

Range of Values:

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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
Gunawn Glen $1,426,500 Wfg Title Company Of Ca
Lal Peter Hirday -- None Available
Lal Daniel -- None Available
Lal Peter H -- None Available
Torkian Siamak -- Chicago Title Co
Lal Peter Hirday -- --
Lal Sharleen -- --
Alves Marlene -- --
Alves Marlene -- --
Alves Marlene -- --
Lal Peter H -- --
Jittu James K -- None Available
Lal Peter Hirday -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gunawn Glen $1,141,200
Previous Owner Torkian Siamak $889,000
Previous Owner Torkian Siamak $962,500
Previous Owner Pal Hari $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $1,426,500 +2.0% $594 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $1,399,000 -- $583 / 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
2024 $18,406 $1,513,812 $1,061,208 $452,604
2023 $18,111 $1,484,130 $1,040,400 $443,730
2022 $17,880 $1,455,030 $1,020,000 $435,030
2021 $17,510 $1,426,500 $1,000,000 $426,500
2020 $1,777 $73,466 $33,594 $39,872
2019 $1,749 $72,027 $32,936 $39,091
2018 $1,588 $70,616 $32,291 $38,325
2017 $1,567 $69,232 $31,658 $37,574
2016 $1,493 $67,876 $31,038 $36,838
2015 $1,470 $66,857 $30,572 $36,285
2014 $1,483 $65,549 $29,974 $35,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20137849

California Regional Multiple Listing Service (CRMLS)

APN: 4274-023-005