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633 Ocean Avenue

633 Ocean Avenue, Santa Monica, CA 90402
Property in North of Montana
Sold May 26, 2000
$7,200,000
$8,400,000 by Walker & Dunlop Llc
Mortgage
Sold Sep 30, 1999
Transfer
$2,722,500 by Venture West Funding Inc
Mortgage
Local assessors in Santa Monica, CA have categorized 633 Ocean Avenue as a residential type of property. The home was built in 1956 and is 68 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 26,120 square feet. The linear feet between the front and back of the lot was measured at 1,870 ft and the front of the lot was measured at 1,400 ft. 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, 39 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 39 full bathrooms. There are also 39 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 633 Ocean Avenue has a total of 33,201 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - A. The property was last sold in Mar 28, 2000 for $7,200,000. That's $216.86 per sqft. 633 Ocean Avenue was last assessed in 2023. The total value of the property was assessed at $10,636,613. Specifically, the land the property is located on was valued at $8,863,852. While improvements on the property were assessed at a total of $1,772,761. 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 $127,186. 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: 1956
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 39
  • Bathroom Count: 39
  • Full Bathrooms: 39
  • Partial Bathrooms: 39
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 31
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 26,120
  • Lot Size Depth Feet: 1,870
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 33,201
  • Gross Building Area: 33,201
  • Building Area: 33,201
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 33,201
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALISADES TRACT
  • Land Acres: 0.6
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: THE PALISADES LOT/SEC 4 BLK/DIV/TWN C

Ownership

  • Current Owner : INTERGROUP SUMMIT HILLS INC
  • Previous Owner : FOX HILLS PLAZA II
  • Owner Before Previous Owner: TRUST DOWNEY ROSEMARY B TR ROSEMARY B DO
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701304

Zoning

  • Zoning: SMR4*

Geography

  • Assessors Map Reference: 40-E6
  • Parcel: 4293-015-001
  • Block: C
  • Lot: 4
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0236
  • Longitude: -118.508

    Address

  • Full Address: 633 Ocean Ave
  • Address - House Number: 633
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C010
  • 4-Digit Zip Code: 2613
  • Zip Code: 90402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $127,186
  • Tax Rate Code Area: 08-604

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,400,000
  • First Open Lien Mortgage Lender: WALKER & DUNLOP LLC
  • First Open Lien Mortgage Recording Date: Nov 02, 2020
  • First Open Lien Mortgage Loan Amount: $8,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,636,613
  • Assessed Land Value: $8,863,852
  • Assessed Improvements Value: $1,772,761

    Sales

  • Current Sale Contract Date: Mar 28, 2000
  • Current Sale Recording Date: May 26, 2000
  • Current Sale Transaction ID: 1004940070
  • Current Sale Price: $7,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 00-0815052
  • Previous Sale Recording Date: Sep 30, 1999
  • Previous Sale Contract Date: Sep 20, 1999
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: May 26, 2000
  • First Mortgage Loan Amount: $2,300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 01, 2030

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: VENTURE WEST FUNDING INC
  • Previous Mortgage Transaction Date: Sep 30, 1999
  • Previous Mortgage Loan Amount: $2,722,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About North of Montana



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Frequently Asked Questions

What neighborhood is 633 Ocean Avenue located in?
The 633 Ocean Avenue is a located in the neighborhood of North of Montana in North of Montana, Santa Monica.
What is the average sales price for listings in 633 Ocean Avenue?
The average sales price for units in 633 Ocean Avenue is $0 currently.

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