NOT LISTED FOR SALE

Estimated Value: $2,248,000 - $2,929,810

6 Beds
4 Baths
3,312 Sq Ft
$771/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2023

Last sale price $2,650,000 $800 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $16,617 / mo

10 Days on Market

Highlights

  • Detached Carport Space
  • Riviera Elementary School Rated A
  • 1-minute walk to Miramar Park

About This Home

As of May 2023

We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. While the physical address of the property is Redondo Beach, the property is in the City of Torrance. Tenants of 110 Paseo De La Concha get the benefit of the amenities that both cities offer. The property has been well-maintained, however, current ownership has owned Paseo De La Concha for over three decades and hasn't repositioned or renovated the property to suit the demand for luxury units. New ownership can also explore other income generating options such as vacation rentals or adding ADU units.

Last Agent to Sell the Property

Adam Zunder

Pacifica Capital License #01821053 Listed on: 03/14/2023

Last Buyer's Agent

Adam Zunder

Pacifica Capital License #01821053 Listed on: 03/14/2023

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,672 Sq Ft Lot

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7511-019-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

8,672 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3312
  • Lot Acreage: 0.1991
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Microwave, Garbage Disposal
  • Price Per S Q F T: 679.35

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s), Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 52.00
  • Assessed Improvement Value: 135131
  • Assessed Land Percent: 48
  • Assessed Land Value: 124733
  • Total Assessed Value: 259864
  • Assessor Parcel Number: 7511-019-002
  • Lot Size Area: 8672

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 24.00
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Apr 3, 2023
Sold by
Van Adelsberg 1990 Revocable Trust
Bought by
Seller's Agent
Adam Zunder
Pacifica Capital
Buyer's Agent
Adam Zunder
Pacifica Capital
List Price
$2,250,000
Sold Price
$2,650,000
Premium/Discount to List
$400,000
17.78%
Views
71
Current Estimated Value
$2,553,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,547
Avg. Annual Appreciation
-1.12%
Original Mortgage
$1,855,000
Interest Rate
6.28%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,650,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Previous Owner Peters Loren S $1,855,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/22/2023 05/22/23 Sold $2,650,000 +17.8% $800 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $2,250,000 -- $679 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $31,156 $2,812,201 $2,122,416 $689,785
2025 $31,156 $2,757,060 $2,080,800 $676,260
2024 $30,659 $2,703,000 $2,040,000 $663,000
2023 $3,610 $265,060 $127,227 $137,833
2022 $3,568 $259,864 $124,733 $135,131
2021 $3,638 $254,770 $122,288 $132,482
2020 $3,590 $252,159 $121,035 $131,124
2019 $3,545 $247,215 $118,662 $128,553
2018 $3,328 $242,369 $116,336 $126,033
2016 $3,155 $232,959 $111,819 $121,140
2015 $3,094 $229,461 $110,140 $119,321
2014 $3,050 $224,967 $107,983 $116,984
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-250817

The MLS

APN: 7511-019-002

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