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2438 5th Street

2438 5th Street, Santa Monica, CA 90405
Property in Ocean Park
Sold Feb 17, 2017
$3,711,000
Sold Sep 17, 2014
$1,900,000
$1,350,000 by Bank Of America Na
Mortgage Due Oct 01, 2044
2438 5th Street in Santa Monica, CA was first built in 1923 and is 101 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2438 5th Street has 2,930 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 6,032 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Jan 30, 2017 for $3,711,000. That's $1,266.55 per sqft. Prior to that sales transaction, the property was also sold in Sep 3, 2014 for $1,900,000. 2438 5th Street was last assessed in 2023. The total value of the property was assessed at $4,139,687. Specifically, the land the property is located on was valued at $3,792,762. While improvements on the property were assessed at a total of $346,925. 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 $48,967. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,032
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,930
  • Building Area: 2,930
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 224
  • Land Acres: 0.139
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT NO 224O LOT/SEC 2

Ownership

  • Current Owner : BERMAN DANIEL A
  • Current Owner 2: BERMAN MELINDA Y
  • Previous Owner : ORIGER TABIT MARK
  • Previous Owner 2: ORIGER TABIT JILL
  • Owner Before Previous Owner: TRACEY ANGELINA M
  • Owner Before Previous Owner 2: THE ANGELINA M TRACEY TRUST
  • Ownership Rights Codes: unknown
  • 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-B2
  • Subdivision Tract Number: 224
  • Parcel: 4287-007-031
  • Lot: 2
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0054
  • Longitude: -118.482

    Address

  • Full Address: 2438 5th St
  • Address - House Number: 2438
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C016
  • 4-Digit Zip Code: 3702
  • Zip Code: 90405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,967
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 68
  • Final Value: 2,843,002
  • High Value: 3,493,892
  • Low Value: 2,192,113

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,139,687
  • Assessed Land Value: $3,792,762
  • Assessed Improvements Value: $346,925

    Sales

  • Current Sale Contract Date: Jan 30, 2017
  • Current Sale Recording Date: Feb 17, 2017
  • Current Sale Transaction ID: 1959751571
  • Current Sale Price: $3,711,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0199997
  • Previous Sale Recording Date: Sep 17, 2014
  • Previous Sale Contract Date: Sep 03, 2014
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Feb 17, 2017
  • First Mortgage Loan Amount: $1,960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Sep 17, 2014
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,350,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2044

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Frequently Asked Questions

What neighborhood is 2438 5th Street located in?
The 2438 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 2438 5th Street?
The average sales price for units in 2438 5th Street is $0 currently.

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