NOT LISTED FOR SALE

Estimated Value: $802,740 - $1,001,000

2 Beds
2 Baths
1,032 Sq Ft
$875/Sq Ft Est. Value

Last Sold December 15, 2013

Last sale price $436,000 $422 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,493/month

25 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Living Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of December 2013

Charming Spanish-style duplex on a quiet corner lot on the east side of Redondo. Just a short jaunt from the ocean, Belmont Shore, golf courses and restaurants, location is perfect for investors or for an owner/investor! Unit is individually metered for electric and gas, and the property is well maintained. Units are lovingly cared for with the original hardwood floors, with one of the units having recently refinished. Property features a wood fence, rear yard with sprinklers, separate laundry room, and one car garage with long driveway for extra off-street parking. Good area near transportation, shopping and restaurants. The units are both 1 bedroom and 1 bathroom.

Last Agent to Sell the Property

Scott Kato

Circle Real Estate License #01363148 Listed on: 09/26/2013

Circle Real Estate

Co-Listed By

Jessica Panzica

Keller Williams Pacific Estate License #01854556

Keller Williams Pacific Estate

Last Buyer's Agent

Jessica Panzica

Keller Williams Pacific Estate License #01854556

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,885

Year Built

  • Built in 1924

Lot Details

  • 3,124 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,032 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 7254010006

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,000
  • Water Sewer Expense $1,440
  • New Taxes Expense $3,721
  • Gross Income $2,075
  • Net Operating Income $18,259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,885

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1440.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7254010006
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 422.48
  • Room Type: Living Room

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 3124.00
  • Lot Size Acres: 0.0720

Multi Family

  • Average1 Bed Area: 516
  • Gross Income: 2075.00
  • Gross Scheduled Income: 24900.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3124.0000 Square Feet
  • Net Operating Income: 18259.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6641.00
  • Rent Control: No
  • Total Actual Rent: 2050.00

Tax Info

  • New Taxes Expense: 3721.00
  • Tax Lot: 6
  • Tax Tract Number: rj
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2013
Closed on
Oct 22, 2013
Sold by
Kokis Joel S
Bought by
Walters Jim F
Seller's Agent
Scott Kato
Circle Real Estate
Buyer's Agent
Jessica Panzica
Keller Williams Pacific Estate
List Price
$449,900
Sold Price
$436,000
Premium/Discount to List
-$13,900
-3.09%
Current Estimated Value
$902,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,685
Avg. Annual Appreciation
6.42%
Original Mortgage
$250,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2006
Sold by
Kokis Joel S
Bought by
Kokis Joel S and Kokis Susan S

Purchase Details

Closed on
Jun 8, 2005
Sold by
Toney Robert
Bought by
Kokis Joel and Kokis Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 1997
Sold by
Neglia Russell
Bought by
Toney Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,755
Interest Rate
7.9%
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
Walters Jim F $436,000 Ticor Title Company
Kokis Joel S -- None Available
Kokis Joel $480,000 Ticor Title Co Glendale
Toney Robert $132,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Jim F $320,000
Closed Walters Jim F $250,000
Previous Owner Kokis Joel $380,000
Previous Owner Toney Robert $130,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2013 12/15/13 Sold $436,000 -3.1% $422 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $449,900 -- $436 / 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 $6,885 $534,466 $373,883 $160,583
2024 $6,885 $523,987 $366,552 $157,435
2023 $6,767 $513,714 $359,365 $154,349
2022 $6,352 $503,642 $352,319 $151,323
2021 $6,226 $493,767 $345,411 $148,356
2019 $6,137 $479,123 $335,167 $143,956
2018 $5,967 $469,730 $328,596 $141,134
2016 $5,494 $451,491 $315,837 $135,654
2015 $5,273 $444,710 $311,093 $133,617
2014 $5,240 $436,000 $305,000 $131,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13196114

California Regional Multiple Listing Service (CRMLS)

APN: 7254-010-006