NOT LISTED FOR SALE

1114 Opal St Redondo Beach, CA 90277

Estimated Value: $2,168,000 - $3,218,564

9 Beds
4 Baths
4,610 Sq Ft
$621/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $1,895,000 $411 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $17,164/month

13 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Level Lot
  • Alta Vista Elementary School Rated A+
  • Laundry Room
  • Carpet

About This Home

As of November 2015

If you have been looking for a very nice four unit building in South Redondo, 1114 Opal is it. Very rarely does a 4 unit building come on the market in this sought after area. In fact, in 2015 there has been only one other that has come to market. The property enjoys strong rents and low vacancy because of it's proximity to the beach & shopping, excellent condition and location at the end of a cul-de-sac street. In 2013 the building was substantially remodeled with a new roof, landscaping and paint. The front unit, (#A; rent - $2800) has 3 bdrms & 2 ba & is perfect for an owner's unit with a huge upstairs deck, & a 2 car garage with direct access to the apt. During the time the outside was being remodeled this unit had the kitchen updated with granite counter tops & new appliances. Laminated floors were installed as well as new carpet. The other 3 apartments are all 2 bdrms & 2 baths. One of these apts. (#D - rent $1,695) is over the garages so no one over or under. The lower rear apartment (#B; rent - $1,725) has a very nice rear yard. The upstairs rear apt (#C: rent - 1,825) was renovated last year with new flooring and carpet throughout, new paint, lighting and blinds. Don't miss this opportunity to own a great investment in an excellent location.

Last Agent to Sell the Property

Rob Dodson

Estate Properties License #00699626 Listed on: 09/14/2015

Last Buyer's Agent

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 7,643 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,610 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 78
  • Assessor Parcel Number 7506023078

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $629
  • Gardener Expense $1,200
  • Insurance Expense $1,486
  • Maintenance Expense $2,726
  • Water Sewer Expense $1,800
  • New Taxes Expense $22,096
  • Gross Income $8,045
  • Net Operating Income $66,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

7,643 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7506023078
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 411.06

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Electric, Radiant
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Cul-De-Sac, Level, Sprinklers In Front
  • Lot Size Sq Ft: 7643.00
  • Price Per Lot Square Foot: 247.94
  • Lot Size Acres: 0.1750

Multi Family

  • Electric Expense: 629.00
  • Gross Income: 8045.00
  • Gross Multiplier: 19.60
  • Gross Scheduled Income: 96540.00
  • Insurance Expense: 1486.00
  • Lot Size Area: 7643.0000 Square Feet
  • Maintenance Expense: 2726.00
  • Net Operating Income: 66603.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Operating Expense: 29937.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Actual Rent: 8045.00

Tax Info

  • New Taxes Expense: 22096.00
  • Tax Lot: 8
  • Tax Tract Number: 78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2019
Sold by
Johnson Billie Jo and The Johnson Living Trust
Bought by
Opal Redondo Llc
Current Estimated Value
$2,861,141

Purchase Details

Closed on
May 6, 2019
Sold by
Johnson Billie Jo and The Johnson Living Trust
Bought by
Johnson Billie Jo and The Johnson Living Trust

Purchase Details

Closed on
Jun 10, 2016
Sold by
Johnson Ronald A
Bought by
The Johnson Living Trust

Purchase Details

Listed on
Sep 14, 2015
Closed on
Nov 2, 2015
Sold by
Hudson James
Bought by
Johnson Ronald A and Johnson Billie Jo
Seller's Agent
Rob Dodson
Estate Properties
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,895,000
Sold Price
$1,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%

Purchase Details

Listed on
Feb 24, 2013
Closed on
Jun 27, 2013
Sold by
Larson Kirby
Bought by
Hudson James
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,175,000
Sold Price
$1,130,000
Premium/Discount to List
-$45,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.67%
Original Mortgage
$732,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2013
Closed on
Apr 30, 2013
Sold by
Larson Sarah Susan
Bought by
Larson Kirby
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,175,000
Sold Price
$1,130,000
Premium/Discount to List
-$45,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$732,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2013
Closed on
Apr 18, 2013
Sold by
Mcworther Garth E
Bought by
Larson Kirby and Larson Haley
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,175,000
Sold Price
$1,130,000
Premium/Discount to List
-$45,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
3.51%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Opal Redondo Llc -- None Available
Johnson Billie Jo -- None Available
The Johnson Living Trust -- None Available
Johnson Ronald A $1,895,000 Progressive Title
Hudson James $1,465,000 Old Republic Title Co La
Larson Kirby -- Old Republic Title Co La
Larson Kirby -- Old Republic Title Company
Larson Kirby -- Old Republic Title Co La
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hudson James $732,500
Previous Owner Larson Kirby $820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2015 11/17/15 Sold $1,895,000 0.0% $411 / Sq Ft
09/27/2015 09/27/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $1,895,000 +67.7% $411 / Sq Ft
05/06/2013 05/06/13 Sold $1,130,000 -3.8% $245 / Sq Ft View Prior Sale
02/25/2013 02/25/13 Pending -- -- --
02/24/2013 02/24/13 For Sale $1,175,000 -- $255 / 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 $25,369 $2,243,289 $899,682 $1,343,607
2024 $25,369 $2,199,304 $882,042 $1,317,262
2023 $24,906 $2,156,182 $864,748 $1,291,434
2022 $24,579 $2,113,905 $847,793 $1,266,112
2021 $24,141 $2,072,457 $831,170 $1,241,287
2020 $24,175 $2,051,208 $822,648 $1,228,560
2019 $23,682 $2,010,989 $806,518 $1,204,471
2018 $23,063 $1,971,558 $790,704 $1,180,854
2016 $22,339 $1,895,000 $760,000 $1,135,000
2015 $17,789 $1,494,270 $558,541 $935,729
2014 $17,567 $1,465,000 $547,600 $917,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15204106

California Regional Multiple Listing Service (CRMLS)

APN: 7506-023-078

Your Personal Tour Guide

Ask me questions while you tour the home.