Mercedes Van Pelt
Compass
(323) 310-3789
56 Total Sales
5 in Redondo Beach
$767K - $1.7M Price Range
1104 Opal St Redondo Beach, CA 90277
Redondo Beach AreaEstimated Value: $2,433,224
9
Beds
8
Baths
4,610
Sq Ft
$528/Sq Ft
Est. Value
Highlights
- Cul-De-Sac
- Landscaped
- Front Yard
- Laundry Room
- Turnkey
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
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
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
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
Closed on
Apr 22, 2026
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,894,750
Outstanding Balance
$1,891,047
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$542,177
Purchase Details
Closed on
Jan 22, 2024
Sold by
Bought by
Purchase Details
Closed on
Nov 30, 2023
Sold by
Bought by
Purchase Details
Listed on
Jun 8, 2023
Closed on
Aug 8, 2023
Sold by
Bought by
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
106
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Redondo Beach, CA
-
Mercedes Van Pelt
-
Darrell Burns
Darrell Burns
Savient Financial, Inc.
(888) 994-7785
62 Total Sales
3 in Redondo Beach
$1,215,000 Price Range
-
Amirah Halum
Amirah Halum
Compass
(442) 256-8829
139 Total Sales
1 in Redondo Beach
$1,240,000 Price
-
Jane Angel
Jane Angel
Coldwell Banker Realty
(562) 303-5335
20 Total Sales
1 in Redondo Beach
$1,650,000 Price
-
Ken Wallis
Ken Wallis
Epique Realty
(805) 624-3589
53 Total Sales
1 in Redondo Beach
$1,595,000 Price
-
Anthony Todora
Anthony Todora
Estate Properties
(424) 403-2107
29 Total Sales
1 in Redondo Beach
$1,700,000 Price
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 |
|---|---|---|---|
| -- | Lawyers Title Company | ||
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $2,265,000 | First American Title |
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 |
|---|---|---|---|
| Open | $1,894,750 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2025 | $27,261 | $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
Seller's Agent in 2023
Stephen Lampe
RE/MAX
(310) 802-2500
49 Total Sales
-
Lon Pascal
L
Buyer's Agent in 2023
Lon Pascal
Pelegrino Properties
(310) 963-9667
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23101204
APN: 7506-023-073
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.
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
Nearby Homes
- 1200 Opal St Unit 13
- 5500 Torrance Blvd Unit A307
- 5500 Torrance Blvd Unit A304
- 223 S Prospect Ave Unit 5
- 512 S Irena Ave
- 130 S Prospect Ave Unit A
- 601 S Prospect Ave Unit 103
- 611 S Prospect Ave Unit 103
- 603 S Prospect Ave Unit 205
- 607 S Prospect Ave Unit 103
- 909 Garnet St
- 227 S Irena Ave Unit 1
- 5326 Lorna St
- 217 S Irena Ave Unit A
- 236 S Helberta Ave Unit SB26150761
- 802 Camino Real Unit 303
- 5610 W Carson St
- 217 S Helberta Ave Unit 3
- 1012 Emerald St
- 110 S Irena Ave Unit B
- 1104 Opal St Unit A
- 1104 Opal St Unit C & D
- 1106 Opal St Unit B
- 1106 Opal St
- 1102 Opal St
- 402 Faye Ln
- 400 Faye Ln
- 1108 Opal St Unit B
- 1108 Opal St Unit D
- 1108 Opal St
- 1100 Opal St Unit C
- 1100 Opal St Unit A
- 1100 Opal St
- 401 Faye Ln
- 401 Susana Ave
- 1003 Opal St
- 1003 Opal St Unit A
- 404 Faye Ln
- 1110 Opal St
- 1103 Opal St
Your Personal Tour Guide
Ask me questions while you tour the home.