David J Veerman
Estate Properties
(424) 403-2605
45 Total Sales
1 in Riviera
$1,259,000 Price
116 Paseo de la Concha Redondo Beach, CA 90277
Riviera Neighborhood
12
Beds
8
Baths
16,340
Sq Ft
0.41
Acre Lot
Highlights
- Ocean View
- In Ground Pool
- No HOA
- Riviera Elementary School Rated A
- 17,746 Sq Ft lot
- 1-minute walk to Miramar Park
About This Home
As of June 201820 UNIT APARTMENT BUILDING AT THE BEACH! This highly sought after 16,340 sq.ft. Hollywood Riviera apartment building is located between Paseo de la Playa and Calle Miramar at Torrance Beach. Comprised of 12 one bedroom/one bath units and 8 two bedroom/one bath units. VIEWS: 4 units have views; 2 units have balcony views; 2 units have partial balcony views. Most units (60-65%) have been upgraded: some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove; some bathrooms have upgraded countertops. Cool roof installed in 2013. Pool and laundry on premises. Separate electric meters. Twenty assigned parking spaces: 19 tuck-under subterranean spaces and 1 enclosed garage space. Landlord pays water, gas & Time Warner Cable TV. Tenant pays electric, internet & phone.
Last Agent to Sell the Property
Adolph James
Beach City Brokers License #00389293 Listed on: 02/07/2018
Last Buyer's Agent
Sean Nishio
Project Seven Enterprises License #01097525
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 17,746 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 1 Car Garage
- 19 Carport Spaces
- Parking Available
Property Views
- Ocean
- Coastline
Home Design
- 16,340 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Outdoor Features
- In Ground Pool
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, telephone
- Tax Lot 5,6
- Tax Tract Number 10303
- Assessor Parcel Number 7511019003
Community Details
Overview
- No Home Owners Association
- 20 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 19 Leased Units
- 21 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $9,820
- Electric Expense $3,860
- Fuel Expense $3,274
- Gardener Expense $4,713
- Insurance Expense $12,160
- Maintenance Expense $13,604
- Other Expense $61,982
- Pest Control $5,045
- Pool Expense $5,010
- Professional Management Expense $28,457
- Trash Expense $21,768
- Water Sewer Expense $6,379
- New Taxes Expense $139,000
- Operating Expense $317,641
- Gross Income $464,488
- Net Operating Income $146,847
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Riviera, CA
-
David J Veerman
-
Charlie Raine
Charlie Raine
Coastal Legacy Realty Group
(833) 922-2794
28 Total Sales
2 in Riviera
$1,492,500 Price Range
-
Megan Husri
Megan Husri
Responds QuicklyKeller Williams Studio City
(747) 279-3321
88 Total Sales
1 in Riviera
$4,020,000 Price
-
Audrey Judson
Audrey Judson
Pacifica Properties Group, Inc.
(424) 310-1086
46 Total Sales
1 in Riviera
$1,530,000 Price
-
Hanna Carlson
Hanna Carlson
Coastal Legacy Realty Group
(844) 605-0084
11 Total Sales
2 in Riviera
$1,492,500 Price Range
-
Michael Balliet
Michael Balliet
Luxe Real Estate
(949) 822-9097
42 Total Sales
2 in Riviera
$2,795,000 Price Range
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 |
|---|---|---|---|---|
| 06/29/2018 06/29/18 | Sold | $11,750,000 | -8.9% | $719 / Sq Ft |
| 05/11/2018 05/11/18 | Pending | -- | -- | -- |
| 04/27/2018 04/27/18 | Price Changed | $12,900,000 | -6.5% | $789 / Sq Ft |
| 04/20/2018 04/20/18 | Price Changed | $13,800,000 | -0.7% | $845 / Sq Ft |
| 02/07/2018 02/07/18 | For Sale | $13,900,000 | -- | $851 / 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 | $122,572 | $10,824,321 | $4,775,436 | $6,048,885 |
| 2024 | $121,011 | $10,612,080 | $4,681,800 | $5,930,280 |
| 2023 | $118,749 | $10,404,000 | $4,590,000 | $5,814,000 |
| 2022 | $117,186 | $10,200,000 | $4,500,000 | $5,700,000 |
| 2021 | $139,528 | $12,109,164 | $4,668,469 | $7,440,695 |
| 2019 | $135,483 | $11,751,360 | $4,530,000 | $7,221,360 |
| 2018 | $16,224 | $1,145,515 | $236,569 | $908,946 |
| 2016 | $15,314 | $1,099,729 | $227,384 | $872,345 |
| 2015 | $15,022 | $1,083,211 | $223,969 | $859,242 |
| 2014 | $14,809 | $1,061,993 | $219,582 | $842,411 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2018
Adolph James
Beach City Brokers
-
S
Buyer's Agent in 2018
Sean Nishio
Project Seven Enterprises
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18027425
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
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