NOT LISTED FOR SALE

1012 Redondo Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,103,882 - $1,223,000

4 Beds
4 Baths
2,088 Sq Ft
$561/Sq Ft Est. Value

Last Sold January 16, 2013

Last sale price $430,000 $206 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $6,969/month

26 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • No Heating
  • Woodrow Wilson High School Rated A

About This Home

As of January 2013

Seller's loss is your gain! Bank needs offer asap - don't miss this amazing opportunity. Investors delight. Two detached houses on one lot- always rented. Each unit has own 2-car garage plus extra off-street parking. Front house is a large craftsman with 2-bedrooms/ 1 bath (approx 1200 sqft). Back house was built new in 2007 with 2-bedrooms and 2-bathrooms. Two laundry rooms, separate fenced yards. Fantastic for investor or live in one and rent the other.

Last Agent to Sell the Property

Liz Hagensick

Re/Max College Park Realty License #01395141 Listed on: 10/05/2012

Last Buyer's Agent

Michael Cristiano

Coldwell Banker Realty License #00849359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,980

Year Built

  • Built in 1912

Lot Details

  • 6,251 Sq Ft Lot
  • Land Lease

Parking

  • 4 Car Garage

Home Design

  • 2,088 Sq Ft Home
  • Craftsman Architecture
  • Traditional Architecture
  • Stucco

Flooring

  • Wood
  • Carpet

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 22 / A
  • Assessor Parcel Number 7258007015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,980

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Craftsman, Traditional
  • Property Type: Residential Income
  • Parcel Number: 7258007015
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Wood
  • Appliances: No
  • Price Per Square Foot: 205.94

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1440

Multi Family

  • Gross Income: 3400.00
  • Gross Multiplier: 10.86
  • Gross Scheduled Income: 43200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 5500
  • Tax Block: A
  • Tax Lot: 22
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2014
Sold by
Magginis Brian
Bought by
Pmbm Llc
Current Estimated Value
$1,172,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.47%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 8, 2012
Sold by
Wade Ronald W and Wade Laurie L
Bought by
Maginnis Brian

Purchase Details

Closed on
Aug 8, 2008
Sold by
Wade Ronald W and Wade Laurie L
Bought by
1012 Redondo Avenue Llc

Purchase Details

Closed on
Apr 7, 2008
Sold by
1012 Redondo Avenue Llc
Bought by
Wade Ronald W and Wade Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 23, 2006
Sold by
Wade Ronald W and Wade Laurie L
Bought by
1012 Redondo Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2006
Sold by
Venne Paul Louis
Bought by
Wade Ronald W and Wade Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 1996
Sold by
Mcdougall Mary K
Bought by
Venne Paul Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,006
Interest Rate
7.18%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pmbm Llc -- Pacific Coast Title Company
Maginnis Brian $430,000 None Available
Wade Ronald W -- None Available
1012 Redondo Avenue Llc -- Accommodation
Wade Ronald W -- North American Title Company
1012 Redondo Avenue Llc -- None Available
Wade Ronald W $450,000 North American Title Co
Venne Paul Louis $103,500 Orange Coast Title
Mcdougall Mary K -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pmbm Llc $505,000
Closed Pmbm Llc $513,500
Closed Pmbm Llc $360,000
Previous Owner Wade Ronald W $455,000
Previous Owner Wade Ronald W $522,000
Previous Owner Wade Ronald W $652,000
Previous Owner Venne Paul Louis $200,000
Previous Owner Venne Paul Louis $98,006
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2013 01/16/13 Sold $430,000 -12.2% $206 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
10/05/2012 10/05/12 For Sale $489,999 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,980 $529,503 $307,852 $221,651
2024 $6,980 $519,121 $301,816 $217,305
2023 $6,863 $508,944 $295,899 $213,045
2022 $6,451 $498,966 $290,098 $208,868
2021 $6,317 $489,183 $284,410 $204,773
2020 $6,301 $484,168 $281,494 $202,674
2019 $6,228 $474,675 $275,975 $198,700
2018 $5,989 $465,368 $270,564 $194,804
2016 $5,505 $447,299 $260,058 $187,241
2015 $5,286 $440,581 $256,152 $184,429
2014 $5,254 $431,952 $251,135 $180,817
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Liz Hagensick

    RE/MAX

  • M

    Buyer's Agent in 2013

    Michael Cristiano

    Coldwell Banker Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1205048

California Regional Multiple Listing Service (CRMLS)

APN: 7258-007-015

California Los Angeles County Long Beach 90804 Recreation Park

1012 Redondo Ave, Long Beach, CA

This home is located at 1012 Redondo Ave, Long Beach, CA 90804 since 05 October 2012 and is currently estimated at $1,172,221, approximately $561 per square foot. This property was built in 1912. 1012 Redondo Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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