Seller's Agent in 2021
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
5 in this area
153 Total Sales
108 N Prospect Ave Redondo Beach, CA 90277
Estimated Value: $2,311,000 - $2,806,000
9
Beds
9
Baths
4,492
Sq Ft
$595/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Landscaped
- Beryl Heights Elementary School Rated A+
About This Home
As of July 2021108 N Prospect is a recently updated 4-unit in South Redondo Beach. The building was built in 1973 and consists of 4,949 SF of living space situated on a 6,428 SF lot. The property offers all townhomes style units consisting of (1) 3-bed/2.5-bath owner’s unit & (3) 2-bed/1.5-bath units. The property features private patios for each unit, an on-site laundry facility, and (3) 2-car garages.
Given the ideal location and in-place income, this is an excellent opportunity for an owner-user or a yield-focused investor to acquire a well-located asset in Prime Redondo Beach.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 06/21/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,597
Year Built
- Built in 1973
Lot Details
- 6,428 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 6 Car Garage
Home Design
- 4,492 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 7 / 36
- Tax Tract Number 10019
- Assessor Parcel Number 7518004019
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,797
- Maintenance Expense $3,449
- Other Expense $3,200
- New Taxes Expense $25,794
- Operating Expense $35,439
- Gross Income $111,511
- Net Operating Income $76,072
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2021
Closed on
Jun 29, 2021
Sold by
Pedone Llc
Bought by
Dayton Jeffrey and Kreide Anita
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Scott Briscoe
Estate Properties
List Price
$2,200,000
Sold Price
$2,400,000
Premium/Discount to List
$200,000
9.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,818
Avg. Annual Appreciation
2.58%
Original Mortgage
$1,416,000
Outstanding Balance
$1,284,800
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,388,018
Purchase Details
Listed on
Sep 27, 2019
Closed on
Dec 12, 2019
Sold by
Simpson Jay B and Simpson Barbra S
Bought by
Pedone Llc
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$2,250,000
Sold Price
$2,060,000
Premium/Discount to List
-$190,000
-8.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$1,400,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 22, 2003
Sold by
Simpson Jay B and Simpson Barbra S
Bought by
Simpson Jay B and Simpson Barbra S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 30, 1998
Sold by
Simpson Jay B and Simpson Barbra S
Bought by
Simpson Jay B and Simpson Barbra S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.61%
Purchase Details
Closed on
Oct 28, 1998
Sold by
Trust Simpson Jay B And Barbra S Trs Sim
Bought by
Simpson Jay B and Simpson Barbra S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.61%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dayton Jeffrey | $2,400,000 | First American Title Company O | |
| Pedone Llc | $2,060,000 | First American Title Company | |
| Simpson Jay B | -- | -- | |
| Simpson Jay B | -- | -- | |
| Simpson Jay B | -- | Gateway Title | |
| Simpson Jay B | -- | -- | |
| Simpson Jay B | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dayton Jeffrey | $1,416,000 | |
| Previous Owner | Pedone Llc | $1,400,000 | |
| Previous Owner | Simpson Jay B | $306,000 | |
| Previous Owner | Simpson Jay B | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/16/2021 07/16/21 | Sold | $2,400,000 | +9.1% | $534 / Sq Ft | |
| 06/28/2021 06/28/21 | Pending | -- | -- | -- | |
| 06/21/2021 06/21/21 | For Sale | $2,200,000 | +6.8% | $490 / Sq Ft | |
| 01/31/2020 01/31/20 | Sold | $2,060,000 | -8.4% | $459 / Sq Ft | View Prior Sale |
| 12/03/2019 12/03/19 | Pending | -- | -- | -- | |
| 09/27/2019 09/27/19 | For Sale | $2,250,000 | -- | $501 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,597 | $2,546,898 | $1,697,932 | $848,966 |
| 2024 | $28,597 | $2,496,960 | $1,664,640 | $832,320 |
| 2023 | $28,072 | $2,448,000 | $1,632,000 | $816,000 |
| 2022 | $27,700 | $2,400,000 | $1,600,000 | $800,000 |
| 2021 | $24,204 | $2,081,341 | $1,515,540 | $565,801 |
| 2020 | $11,068 | $875,094 | $280,026 | $595,068 |
| 2019 | $10,855 | $857,936 | $274,536 | $583,400 |
| 2018 | $10,516 | $841,114 | $269,153 | $571,961 |
| 2016 | $10,163 | $808,454 | $258,702 | $549,752 |
| 2015 | $9,987 | $796,312 | $254,817 | $541,495 |
| 2014 | $9,881 | $780,714 | $249,826 | $530,888 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2021
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
3 in this area
144 Total Sales
-
Scott Briscoe
Buyer's Agent in 2021
Scott Briscoe
RE/MAX
(310) 293-1705
1 in this area
31 Total Sales
-
D
Seller's Agent in 2020
David Harrington
Matthews Real Estate Investment Services
-
Nabil Awada
Seller Co-Listing Agent in 2020
Nabil Awada
Matthews Real Estate Investment Services
(310) 469-2974
10 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21132879
APN: 7518-004-019
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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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