Seller's Agent in 2023
Stephen Lampe
RE/MAX
(310) 802-2500
1 in this area
47 Total Sales
1104 Opal St Redondo Beach, CA 90277
Estimated Value: $2,179,000 - $2,666,000
9
Beds
8
Baths
4,610
Sq Ft
$520/Sq Ft
Est. Value
Highlights
- Cul-De-Sac
- Laundry Room
- Turnkey
- Alta Vista Elementary School Rated A+
- Landscaped
- Front Yard
About This Home
As of August 2023The subject property is a 4 unit apartment complex in a Prime area of South Redondo Beach on a quiet cul-de-sac just 1 mile from the beach! The property has been in the same family for 45 years and has been well maintained. The rents are significantly below market, with 25-40% upside in rental income on all units. There is immediate upside of 6% on each unit as the seller only gave tenants a 3% increase as of May 1, 2023 and all tenants are on a month-to-month tenancy.
The front unit is a large 3-bedroom 2-bath Townhome style unit with an attached 2 car garage. The remaining units are 2-bedroom 1.75-bath units with shared garages, and there are open parking spaces for 2 vehicles.
The building is all electric, and the units are separately metered, so that the tenants pay their own electric utilities. There is a laundry room on site that is on a lease with WEB. Each unit has a patio or balcony and there is a common area in back for tenants to BBQ. The building features pitched roofs, copper plumbing and high quality Milgard brand windows have been installed in place of the original windows.
This is a great opportunity for an investor or someone who wants to occupy a unit at some time in the future.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01164364 Listed on: 06/08/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965 | Remodeled
Lot Details
- 7,210 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Landscaped
- Front Yard
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 4,610 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Utilities
- Natural Gas Not Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone
- Tax Lot 3
- Assessor Parcel Number 7506023073
- $1,244 per year additional tax assessments
Community Details
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $540
- Gardener Expense $840
- Insurance Expense $2,305
- Maintenance Expense $2,000
- Trash Expense $2,208
- Water Sewer Expense $2,088
- New Taxes Expense $26,496
- Operating Expense $37,373
- Gross Income $107,196
- Net Operating Income $66,619
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 22, 2024
Sold by
Shamryla Living Trust
Bought by
1104 Opal Llc
Current Estimated Value
Purchase Details
Closed on
Nov 30, 2023
Sold by
Shamryla Yahor
Bought by
Shamryla Living Trust and Shamryla
Purchase Details
Listed on
Jun 8, 2023
Closed on
Aug 8, 2023
Sold by
Allgauer Intervivos Trust and Wilson Kimberly Ann
Bought by
Shamryla Yahor
Seller's Agent
Stephen Lampe
Re/Max Commercial & Investment
Buyer's Agent
Lon Pascal
Pelegrino Properties
List Price
$2,400,000
Sold Price
$2,265,000
Premium/Discount to List
-$135,000
-5.62%
Views
108
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.20%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1104 Opal Llc | -- | None Listed On Document | |
| Shamryla Living Trust | -- | None Listed On Document | |
| Shamryla Yahor | $2,265,000 | First American Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $2,265,000 | -1.5% | $491 / Sq Ft |
| 08/03/2023 08/03/23 | Pending | -- | -- | -- |
| 07/21/2023 07/21/23 | Price Changed | $2,300,000 | -4.2% | $499 / Sq Ft |
| 06/08/2023 06/08/23 | For Sale | $2,400,000 | -- | $521 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $26,084 | $2,310,300 | $1,732,980 | $577,320 |
| 2024 | $26,084 | $2,265,000 | $1,699,000 | $566,000 |
| 2023 | $5,595 | $396,337 | $147,652 | $248,685 |
| 2022 | $5,533 | $388,566 | $144,757 | $243,809 |
| 2021 | $5,561 | $380,948 | $141,919 | $239,029 |
| 2019 | $5,468 | $369,651 | $137,710 | $231,941 |
| 2018 | $5,249 | $362,404 | $135,010 | $227,394 |
| 2016 | $5,052 | $348,333 | $129,768 | $218,565 |
| 2015 | $4,973 | $343,101 | $127,819 | $215,282 |
| 2014 | $4,943 | $336,381 | $125,316 | $211,065 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Lampe
-
Lon Pascal
L
Buyer's Agent in 2023
Lon Pascal
Pelegrino Properties
(310) 963-9667
2 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23101204
APN: 7506-023-073
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