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2215 5th Street

2215 5th Street, Santa Monica, CA 90405
Property in Ocean Park
Sold Jun 30, 2016
$1,565,000
$545,000 by First Republic Bank
Mortgage Due Jul 26, 2044
2215 5th Street in Santa Monica, CA was first built in 1936 and is 88 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. 2215 5th Street has 1,464 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,587 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of B. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2215 5th Street sold most recently in Jun 20, 2016 for a total of $1,565,000. If you work out the math, that's approximately a cost of $1,068.99 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 2215 5th Street was most recently assessed in 2019. During this assessment, the property's total value was estimated to be about $1,815,498. If we break it down further, the land itself was valued at $1,435,752. Improvements to the property, however, were assessed at a total of $379,746. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Building Quality: B
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,587
  • Total Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,464
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN SPRAY TRACT
  • Land Acres: 0.128
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OCEAN SPRAY TRACT LOT 14 BLK E

Ownership

  • Current Owner : 2016 CA EAT LLC
  • Previous Owner : NEVIUS STEVEN JOHN
  • Previous Owner 2: THE DONALD BRAGG NEVIUS 2010 TRUST

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 702002

Zoning

  • Zoning: SMOP2*

Geography

  • Parcel: 4289-008-089
  • Block: E
  • Lot: 14
  • Latitude: 34.008
  • Longitude: -118.484

    Address

  • Full Address: 2215 5th St
  • Address - House Number: 2215
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C016
  • 4-Digit Zip Code: 2401
  • Zip Code: 90405

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $0
  • Tax Rate Code Area: 8-604

    Appraisal Valuation

  • Standard Deviation: 0.0757
  • Valuation Date: Oct 14, 2020
  • Confidence Score: 100
  • Final Value: 2,460,684
  • High Value: 2,647,137
  • Low Value: 2,274,230

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,045,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 24, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $545,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jul 26, 2044
  • Second Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • Second Open Lien Mortgage Recording Date: Jul 24, 2019
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2049

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $1,815,498
  • Assessed Land Value: $1,435,752
  • Assessed Improvements Value: $379,746

    Sales

  • Current Sale Contract Date: Jun 20, 2016
  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Transaction ID: 1627636830
  • Current Sale Price: $1,565,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-0762242

    Last Sale Mortgage

  • First Mortgage Lender: RTC INVESTORS V FUNDING LLC
  • First Mortgage Transaction Date: Jun 30, 2016
  • First Mortgage Loan Amount: $1,252,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 2215 5th Street located in?
The 2215 5th Street is a located in the neighborhood of Ocean Park in Ocean Park, Santa Monica.
What is the average sales price for listings in 2215 5th Street?
The average sales price for units in 2215 5th Street is $0 currently.

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