NOT LISTED FOR SALE

113 N Lucia Ave Redondo Beach, CA 90277

Estimated Value: $1,899,000 - $2,333,000

6 Beds
4 Baths
2,643 Sq Ft
$796/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $1,565,000 $592 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $12,920/month

14 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property
  • Beryl Heights Elementary School Rated A+

About This Home

As of December 2017

113 N Lucia Ave is a triplex located in South Redondo Beach. This property features a unit mix consisting of: (1) 2-bed/1.5-bath unit with its own yard, and (2) 2-bed/1-bath units all separately metered for gas, electricity, and water. Additionally, there are (2) two-car garages and a single car garage. The units are situated on a 5,657 SF lot, just minutes away from Redondo Union High School and the Redondo Beach Pier. All of the units are very well-maintained with month-to-month tenants, and the front yard features drought resistant plants enclosed by a white picket fence. With over 15% in potential rental upside and a market CAP of 4.5%, this investment opportunity is perfect for any buyer looking to maximize their cash flow and acquire prime real estate in Redondo Beach!

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 11/16/2017

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Rita Bhatia

Keller Williams Realty License #00688732

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,258

Year Built

  • Built in 1960

Lot Details

  • 5,657 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,643 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 8055
  • Assessor Parcel Number 7504018009

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,753
  • Other Expense $4,136
  • New Taxes Expense $18,259
  • Operating Expense $24,192
  • Gross Income $69,144
  • Net Operating Income $41,369

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,258

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • CapRate: 2.76
  • Property Attached: Yes
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Parcel Number: 7504018009
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 592.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5657.00
  • Lot Size Acres: 0.1299

Multi Family

  • Gross Income: 69144.00
  • Gross Multiplier: 21.68
  • Gross Scheduled Income: 69144.00
  • Insurance Expense: 1753.00
  • Laundry Income: 1200.00
  • Lot Size Area: 5657.0000 Square Feet
  • Net Operating Income: 41369.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Operating Expense: 27775.00
  • Other Expense: 4136.00
  • Rent Control: No
  • Total Expenses: 24192.00

Tax Info

  • New Taxes Expense: 18259.00
  • Tax Census Tract: 6212.01
  • Tax Lot: 7
  • Tax Tract Number: 8055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2020
Sold by
Bhatia Nitin
Bought by
Bhatia Nitin and Bhatia Jeramie
Current Estimated Value
$2,102,684

Purchase Details

Listed on
Nov 16, 2017
Closed on
Dec 6, 2017
Sold by
Robinett Victor B
Bought by
Bhatia Nitin N
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Rita Bhatia
Keller Williams Realty
List Price
$1,499,000
Sold Price
$1,565,000
Premium/Discount to List
$66,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%

Purchase Details

Closed on
Aug 21, 2015
Sold by
Robinett Victor B
Bought by
Robinett Family Trust

Purchase Details

Closed on
Mar 4, 2010
Sold by
Robinett Victor B
Bought by
Robinett Victor B and Allard Robinett Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2000
Sold by
Trust Hansen, William S Co Tr Hansen Fami
Bought by
Robinett Victor B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,300
Interest Rate
8.16%

Purchase Details

Closed on
Jul 25, 1994
Sold by
Reams Kathleen M
Bought by
Hansen William Scott and Hansen Kathleen Reams
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bhatia Nitin -- None Available
Bhatia Nitin N $1,565,000 Fidelity National Title Co
Bhatia Nitin N -- Fidelity National Title Co
Robinett Family Trust -- None Available
Robinett Victor B -- Lawyers Title
Robinett Victor B $548,727 Lawyers Title Company
Hansen William Scott -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robinett Victor B $412,000
Previous Owner Robinett Victor B $417,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $1,565,000 +4.4% $592 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/16/2017 11/16/17 For Sale $1,499,000 -- $567 / 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 $21,258 $1,780,697 $1,154,893 $625,804
2024 $21,258 $1,745,783 $1,132,249 $613,534
2023 $20,878 $1,711,553 $1,110,049 $601,504
2022 $20,478 $1,677,994 $1,088,284 $589,710
2021 $20,032 $1,645,094 $1,066,946 $578,148
2019 $19,524 $1,596,580 $1,035,300 $561,280
2018 $18,952 $1,565,280 $1,015,000 $550,280
2017 $9,523 $712,395 $324,582 $387,813
2016 $9,355 $698,427 $318,218 $380,209
2015 $9,204 $687,937 $313,439 $374,498
2014 $9,075 $674,463 $307,300 $367,163
Source: Public Records

Agents Affiliated with this Home

  • Woody Stahl

    Seller's Agent in 2017

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    5 in this area

    155 Total Sales

    Woody Stahl
    Section Image
  • Brett Lyon

    Seller Co-Listing Agent in 2017

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    3 in this area

    146 Total Sales

    Brett Lyon
    Section Image

  • R

    Buyer's Agent in 2017

    Rita Bhatia

    Keller Williams Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17259722

California Regional Multiple Listing Service (CRMLS)

APN: 7504-018-009

California Los Angeles County Redondo Beach 90277

113 N Lucia Ave, Redondo Beach, CA

This home is located at 113 N Lucia Ave, Redondo Beach, CA 90277 since 16 November 2017 and is currently estimated at $2,102,684, approximately $795 per square foot. This property was built in 1960. 113 N Lucia Ave is a home located in Los Angeles County with nearby schools including Beryl Heights Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

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