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2218 5th Street

2218 5th Street, Santa Monica, CA 90405
Multifamily in Ocean Park
Sold Jul 24, 2002
$525,000
$1,000,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2049
Local assessors in Santa Monica, CA have categorized 2218 5th Street as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 5,632 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 2218 5th Street has a total of 1,365 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The home's floor/wall heating system is the primary heating source. The property was last sold in Jun 25, 2002 for $525,000. That's $384.62 per sqft. 2218 5th Street was last assessed in 2023. The total value of the property was assessed at $856,732. Specifically, the land the property is located on was valued at $584,672. While improvements on the property were assessed at a total of $272,060. 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 $10,024. The initial tax year of delinquency was in 2019. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1923
  • Effective Year Built: 1923
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,632
  • Total Building Area: 1,365
  • Building Area: 1,365
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,365
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN SPRAY TRACT
  • Land Acres: 0.129
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OCEAN SPRAY TR LOT/SEC 5 BLK/DIV/TWN B

Ownership

  • Current Owner : PERRONE MICHELE A
  • Previous Owner : BARBA THADDEUS ANTHONY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: SMOP2*

Geography

  • Assessors Map Reference: 49-A2
  • Parcel: 4289-008-005
  • Block: B
  • Lot: 5
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0076
  • Longitude: -118.484

    Address

  • Full Address: 2218 5th St
  • Address - House Number: 2218
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C016
  • 4-Digit Zip Code: 2402
  • Zip Code: 90405

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,024
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,424,276
  • High Value: 1,751,687
  • Low Value: 1,096,866

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2019
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049
  • Second Open Lien Mortgage Lender: NATIONAL CITY BANK
  • Second Open Lien Mortgage Recording Date: May 01, 2006
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 18, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $856,732
  • Assessed Land Value: $584,672
  • Assessed Improvements Value: $272,060

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 25, 2002
  • Current Sale Recording Date: Jul 24, 2002
  • Current Sale Transaction ID: 1030835839
  • Current Sale Price: $525,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 02-1719752

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Jul 24, 2002
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2032

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 2218 5th Street located in?
The 2218 5th Street is a multifamily located in the neighborhood of Ocean Park in Ocean Park, Santa Monica.
What is the average sales price for listings in 2218 5th Street?
The average sales price for units in 2218 5th Street is $0 currently.

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