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954 5th Street

954 5th Street, Santa Monica, CA 90403
Property in Wilshire-Montana
Sold Dec 26, 2018
$2,415,000
$1,918,296 by Citibank Na
Mortgage Due Oct 01, 2049
Sold May 23, 2017
$2,981,500
$4,750,000 by Af3 Construction Llc
Mortgage
954 5th Street in Santa Monica, CA was first built in 1908 and is 116 years old. Although, the building on the property was most recently renovated and altered in 2018. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 954 5th Street has 1,330 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 7,484 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 A. 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 central heating system. The property was last sold in Dec 17, 2018 for $2,415,000. That's $1,815.79 per sqft. Prior to that sales transaction, the property was also sold in May 17, 2017 for $2,981,500. 954 5th Street was last assessed in 2023. The total value of the property was assessed at $2,589,365. Specifically, the land the property is located on was valued at $981,063. While improvements on the property were assessed at a total of $1,608,302. 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 $24,256. 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. 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: 1908
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,484
  • Total Building Area: 1,330
  • Building Area: 1,330
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,330
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.171
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: PM 358-25-26 LOT 1 CONDO UNIT 4 (AIRSPACE AND 1/4 INT IN COMMON AREA)

Ownership

  • Current Owner : COWETT PATRICIA ANN
  • Current Owner 2: THE COWETT 2010 FAMILY TRUST
  • Previous Owner : 5TH STREET SANTA MONICA LLC
  • Owner Before Previous Owner: 954 STH STREET LP
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701402

Zoning

  • Zoning: SMR2*

Geography

  • Parcel: 4292-015-068
  • Lot: 1
  • Municipality: WEST /VEN/MARINA/M.V.
  • Latitude: 34.0226
  • Longitude: -118.501

    Address

  • Full Address: 954 5th St
  • Address - House Number: 954
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C005
  • 4-Digit Zip Code: 2610
  • Zip Code: 90403

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,256
  • Tax Rate Code Area: 08-004

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 2,024,311
  • High Value: 2,486,088
  • Low Value: 1,562,533

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $3,161,546
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Sep 13, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,918,296
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2049
  • Second Open Lien Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • Second Open Lien Mortgage Recording Date: Oct 06, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $410,750
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 25, 2045
  • Third Open Lien Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • Third Open Lien Mortgage Recording Date: Oct 28, 2020
  • Third Open Lien Mortgage Financing Type: Variable
  • Third Open Lien Mortgage Loan Amount: $832,500
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,589,365
  • Assessed Land Value: $981,063
  • Assessed Improvements Value: $1,608,302

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2018
  • Current Sale Recording Date: Dec 26, 2018
  • Current Sale Transaction ID: 11555547223
  • Current Sale Price: $2,415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-1305778
  • Previous Sale Recording Date: May 23, 2017
  • Previous Sale Contract Date: May 17, 2017
  • Previous Sale Amount: $2,981,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Dec 26, 2018
  • First Mortgage Loan Amount: $1,932,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jan 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AF3 CONSTRUCTION LLC
  • Previous Mortgage Transaction Date: May 23, 2017
  • Previous Mortgage Loan Amount: $4,750,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Wilshire-Montana



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Frequently Asked Questions

What neighborhood is 954 5th Street located in?
The 954 5th Street is a located in the neighborhood of Wilshire-Montana in Wilshire-Montana, Santa Monica.
What is the average sales price for listings in 954 5th Street?
The average sales price for units in 954 5th Street is $0 currently.

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