NOT LISTED FOR SALE

116 Palos Verdes Blvd Redondo Beach, CA 90277

Riviera Neighborhood

Estimated Value: $2,520,000 - $3,378,000

8 Beds
7 Baths
5,648 Sq Ft
$548/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $2,625,000 $465 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $18,511/month

43 Days on Market

Highlights

  • Ocean Front
  • Deck
  • 4 Car Garage
  • Riviera Elementary School Rated A

About This Home

As of September 2021

Fantastic opportunity to purchase a four-unit apartment in South Redondo Beachs hottest market: The Hollywood Riviera. All units have OCEAN VIEWS, and each unit has a LARGE PRIVATE DECK! Premier location directly across the street from Riviera Village, only a few blocks from the Pacific Ocean. Units are massive with average size of 1,412-SQUARE FEET! Outstanding unit mix of (two) 2-bedroom/1.5-bathroom townhouse-style units & (two) 2-bedroom/2-bathroom units. 5,648-square feet of total living space on a large 7,954-square foot lot. Two units have fireplaces, one unit has an additional den, and building features (four) 1-car garages. The property presents a TREMENDOUS VALUE-ADD COMPONENT with 72% in RENTAL UPSIDE. Property is a residential asset which qualifies for attractive residential financing. The asset contains spacious floor plans on a large lot and is priced at $558 PER SF! Generational asset in an excellent South Redondo Beach location, perfect opportunity for owner-user or long-term investors.

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 05/19/2021

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,042

Year Built

  • Built in 1957

Lot Details

  • 7,949 Sq Ft Lot
  • Ocean Front

Parking

  • 4 Car Garage

Interior Spaces

  • 5,648 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Deck

Community Details

  • 4 Units
  • Vacancy Allowance $3,132

Listing and Financial Details

  • Assessor Parcel Number 7514-001-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,042

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5648
  • Lot Acreage: 0.1825
  • Price Per Unit: 787500.00
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 557.72

Exterior Features

  • Other Structures: Other
  • Patio: Deck(s)
  • Paved: Yes
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Number Electric Meters: 4
  • Number Gas Meters: 4

Lot Info

  • Assessed Improvement Percent: 62.63
  • Assessed Improvement Value: 269335
  • Assessed Land Percent: 37.37
  • Assessed Land Value: 160719
  • Total Assessed Value: 430054
  • Assessor Parcel Number: 7514-001-003
  • Lot Size Area: 7949

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 30.17
  • Number Of Units: 4
  • Total Annual Expense: 49587
  • Type Of Units: 2+2, 2+1.5
  • Vacancy Allow: 3132
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 39375.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2022
Sold by
116 Palos Verdes Blvd Llc
Bought by
Darren N Tangen Revocable Living Trust and Tangen
Current Estimated Value
$2,908,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Outstanding Balance
$1,601,586
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$1,490,922

Purchase Details

Closed on
Jul 2, 2021
Sold by
Goldberg Roy B
Bought by
116 Palos Verdes Blvd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
May 27, 2021
Sold by
Bird Living Trust and Casper William B
Bought by
Wbc Charitable Remainder Unitrust and Goldberg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 24, 2016
Sold by
Casper Laura Suzan
Bought by
Casper William B and Bird Living Trust

Purchase Details

Closed on
Mar 29, 2001
Sold by
Casper Laura Suzan
Bought by
Casper Laura Suzan and Gilchrist Earhardt Living Trust

Purchase Details

Closed on
Jan 1, 1995
Sold by
Casper William B
Bought by
Casper Laura and Gilchrist Earhart Living Trust

Purchase Details

Closed on
Jan 3, 1994
Sold by
Casper Laura Suzan
Bought by
Casper William B
Source: Public Records

Range of Values:

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
Darren N Tangen Revocable Living Trust -- New Title Company Name
116 Palos Verdes Blvd Llc $2,625,000 North American Title Company
Wbc Charitable Remainder Unitrust -- Accommodation/Courtesy Recordi
Casper William B -- None Available
Casper Laura Suzan -- --
Casper Laura -- --
Casper William B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Livi Darren N Tangen Revocable $450,000
Open Darren N Tangen Revocable Living Trust $1,725,000
Previous Owner 116 Palos Verdes Blvd Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $2,625,000 -16.7% $465 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $3,150,000 -- $558 / Sq Ft
Source: The MLS

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 $31,042 $2,785,671 $1,591,812 $1,193,859
2024 $31,042 $2,731,050 $1,560,600 $1,170,450
2023 $30,540 $2,677,500 $1,530,000 $1,147,500
2022 $30,137 $2,625,000 $1,500,000 $1,125,000
2021 $5,782 $434,509 $162,384 $272,125
2020 $5,700 $430,054 $160,719 $269,335
2019 $5,627 $421,622 $157,568 $264,054
2018 $5,380 $413,356 $154,479 $258,877
2016 $5,092 $397,306 $148,481 $248,825
2015 $4,991 $391,339 $146,251 $245,088
2014 $4,897 $383,675 $143,387 $240,288
Source: Public Records

Agents Affiliated with this Home

  • Gianluca Jacoli

    Seller's Agent in 2021

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    4 in this area

    47 Total Sales

    Section Image
  • Jonathan Nikfarjam

    Buyer's Agent in 2021

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    5 in this area

    72 Total Sales

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-734070

The MLS

APN: 7514-001-003

California Los Angeles County Redondo Beach 90277 Riviera

116 Palos Verdes Blvd, Redondo Beach, CA

This home is located at 116 Palos Verdes Blvd, Redondo Beach, CA 90277 since 19 May 2021 and is currently estimated at $3,092,508, approximately $547 per square foot. This property was built in 1957. 116 Palos Verdes Blvd is a home located in Los Angeles County with nearby schools including Riviera Elementary School, Edward J. Richardson Middle School, and South 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes