Check Availability

1422 7th Street

1422 7th Street, Santa Monica, CA 90401
Property in Mid-City
Sold Nov 09, 2001
Transfer
Buyer
Seller
$127,620,000 by Readycap Commercial Llc
Mortgage
Sold Jan 04, 1996
$375,000
Buyer
Seller
1422 7th Street has been categorized by the local assessors in Santa Monica, CA as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 28 bedrooms. Residents will have access to 28 full bathrooms. There are 28 partial bathrooms in the home. In addition, 1422 7th Street has 21,437 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,481 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. Prior to that sales transaction, the property was also sold in Mar 28, 1994 for $375,000. 1422 7th Street was last assessed in 2023. The total value of the property was assessed at $4,827,792. Specifically, the land the property is located on was valued at $1,881,415. While improvements on the property were assessed at a total of $2,946,377. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $62,137. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 28
  • Bathroom Count: 28
  • Full Bathrooms: 28
  • Partial Bathrooms: 28
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 28
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,481
  • Total Building Area: 21,437
  • Gross Building Area: 21,437
  • Building Area: 21,437
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 21,437
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN OF SANTA MONICA
  • Land Acres: 0.172
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: SANTA MON1CA LOT/SEC E BLK/DIV/TWN 168

Ownership

  • Current Owner : 14227NM LLC
  • Previous Owner : JSM REVENNA
  • Owner Before Previous Owner: PLUMER MARK
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701902

Zoning

  • Zoning: SMC3*

Geography

  • Assessors Map Reference: 49-A1
  • Parcel: 4291-020-005
  • Block: 168
  • Lot: E
  • Municipality: HALL OF ADMIN/SANTA MONICA
  • Latitude: 34.018
  • Longitude: -118.492

    Address

  • Full Address: 1422 7th St
  • Address - House Number: 1422
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C012
  • 4-Digit Zip Code: 2653
  • Zip Code: 90401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $62,137
  • Tax Rate Code Area: 08-004

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 4,612,786
  • High Value: 5,632,410
  • Low Value: 3,593,161

    Open Liens

  • Total Open Liens: 1
  • First Open Lien Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Open Lien Mortgage Recording Date: Oct 07, 2022
  • First Open Lien Mortgage Loan Amount: $127,620,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,827,792
  • Assessed Land Value: $1,881,415
  • Assessed Improvements Value: $2,946,377

    Sales

  • Current Sale Contract Date: Nov 06, 2001
  • Current Sale Recording Date: Nov 09, 2001
  • Current Sale Transaction ID: 1004453020
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 01-2149860
  • Previous Sale Recording Date: Jan 04, 1996
  • Previous Sale Contract Date: Mar 28, 1994
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK
  • First Mortgage Transaction Date: Nov 09, 2001
  • First Mortgage Loan Amount: $2,327,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2016

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Mid-City



Similar Buildings

Property at 1422 7th Street,

1133 9th Street

  • 1 Unit for Sale
1133 9th Street, Santa Monica, CA 90403
Property at 1422 7th Street,

1119 Lincoln Boulevard

  • 1 Unit for Sale
1119 Lincoln Boulevard, Santa Monica, CA 90403
Property at 1422 7th Street,

1122 10th Street

  • 1 Unit for Sale
1122 10th Street, Santa Monica, CA 90403
Property at 1422 7th Street,

401 California Avenue

  • 1 Unit for Sale
401 California Avenue, Santa Monica, CA 90403
Property at 1422 7th Street,

1311 Euclid Street

  • 1 Unit for Sale
1311 Euclid Street, Santa Monica, CA 90404
Property at 1422 7th Street,

1021 5th Street

  • 1 Unit for Sale
1021 5th Street, Santa Monica, CA 90403
Property at 1422 7th Street,

1705 Ocean Avenue

  • 4 Units for Sale
1705 Ocean Avenue, Santa Monica, CA 90401
Property at 1422 7th Street,

1755 Ocean Avenue

  • 4 Units for Sale
1755 Ocean Avenue, Santa Monica, CA 90401
Property at 1422 7th Street,

918 9th Street

  • 1 Unit for Sale
918 9th Street, Santa Monica, CA 90403

Nearby Rentals

Unit for rent at 1144 10th St, Santa Monica, CA, 90403

$4,500 /mo

  • 1 Bed
  • 1 Bath
  • 659 ft²
1144 10th St #9, Santa Monica, CA, 90403 Listing by Simon Salloom
Unit for rent at 135 Montana Ave, SANTA MONICA, CA, 90403

$4,850 /mo

  • 1 Bed
  • 1 Bath
  • 670 ft²
135 Montana Ave #1BED1BATH, SANTA MONICA, CA, 90403 Listing by J.J. Wallack
Unit for rent at 1241 17th St, Santa Monica, CA, 90404

$4,295 /mo

  • 2 Beds
  • 1.5 Baths
  • 1,100 ft²
1241 17th St #3, Santa Monica, CA, 90404 Listing by Marc Chorin
Unit for rent at 900 Euclid Street, Santa Monica, CA, 90403

$4,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,214 ft²
900 Euclid Street #307, Santa Monica, CA, 90403 Listing by Christina Khandan
Unit for rent at 1122 10th St, Santa Monica, CA, 90403

$4,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
1122 10th St #2, Santa Monica, CA, 90403 Listing by robbie sikora
Unit for rent at 1527 Berkeley St, Santa Monica, CA, 90404

$4,450 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,295 ft²
1527 Berkeley St #4, Santa Monica, CA, 90404 Listing by Anne Leeds
Unit for rent at 1131 14th St, Santa Monica, CA, 90403

$4,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,329 ft²
1131 14th St #8, Santa Monica, CA, 90403 Listing by Esther Hickman

Frequently Asked Questions

What neighborhood is 1422 7th Street located in?
The 1422 7th Street is a located in the neighborhood of Mid-City in Mid-City, Santa Monica.
What is the average sales price for listings in 1422 7th Street?
The average sales price for units in 1422 7th Street is $0 currently.

Quantcast