NOT LISTED FOR SALE

Estimated Value: $2,194,784

8 Beds
8 Baths
4,120 Sq Ft
$533/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2024

Last sale price $2,180,000 $529 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $14,227 / mo

25 Days on Market

About This Home

As of August 2024

GREAT 4 UNIT INVESTMENT OPPORTUNITY! This 4 unit property consists a mix of 1 Unit (3 BD/2BR) owner occupy style house, 2 Unit (2BD/2BR) and 1 Unit (1BD/1BR). All units were renovated back in 2018. All photos were taken after renovation was conducted by previous owner. This property is conveniently located near plenty of parks, Redondo Beach Pier, and plethora of shops, cafes, and restaurants on PCH. Do not miss out on this opportunity.

Last Agent to Sell the Property

Freddy Okuda

ADW Management USA, Inc. Brokerage Phone: 310-955-7613 License #02073148 Listed on: 06/17/2024

Last Buyer's Agent

Josh Gonzalez

Keller Williams Palos Verdes License #02132568

Keller Williams Palos Verdes
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,518 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,120 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 5 / 14
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502011046

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $337
  • Gardener Expense $1,320
  • Insurance Expense $4,000
  • Maintenance Expense $2,500
  • Other Expense $1,000
  • Pest Control $540
  • Professional Management Expense $5,287
  • Trash Expense $2,470
  • Water Sewer Expense $1,488
  • New Taxes Expense $25,253
  • Operating Expense $44,195
  • Gross Income $132,172
  • Net Operating Income $87,977

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

5,518 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.84
  • Professional Management Expense: 5287.00
  • Property Attached: No
  • Water Sewer Expenses: 1488.00
  • Zoning: RBRMD
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7502011046
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 529.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 2470.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5518.00
  • Lot Size Acres: 0.1267
  • Latitude Manual: 33.85553500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 337.00
  • Gross Multiplier: 16.81
  • Gross Operating Income: 132172.00
  • Gross Scheduled Income: 136260.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 20.00
  • Lot Size Area: 5518.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Maintenance Percent: 1.90
  • Net Operating Income: 87977.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 44195.00
  • Operating Expense Percent: 32.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 11295.00
  • Total Expenses: 44195.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25253.00
  • Tax Block: 14
  • Tax Census Tract: 6212.01
  • Tax Lot: 5
  • Tax Tract Number: 10019

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

Listed on
Jun 17, 2024
Closed on
Aug 6, 2024
Sold by
Bought by
Seller's Agent
Freddy Okuda
ADW Management USA, Inc.
Buyer's Agent
Josh Gonzalez
Keller Williams Palos Verdes
List Price
$2,290,000
Sold Price
$2,180,000
Premium/Discount to List
-$110,000
-4.8%
Views
18
Current Estimated Value
$2,194,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,784
Avg. Annual Appreciation
0.35%
Original Mortgage
$880,000
Outstanding Balance
$807,825
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,386,959

Purchase Details

Closed on
Jun 20, 2018
Sold by
Bought by

Purchase Details

Listed on
Aug 25, 2017
Closed on
Sep 26, 2017
Sold by
Bought by
Seller's Agent
Nick Peters
Real Brokerage Technologies, Inc.
Buyer's Agent
Nick Peters
Real Brokerage Technologies, Inc.
List Price
$1,860,000
Sold Price
$1,803,500
Premium/Discount to List
-$56,500
-3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Dec 4, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,850
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,850
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2005
Sold by
Bought by

Purchase Details

Closed on
May 3, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.7%

Purchase Details

Closed on
Nov 28, 2001
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.83%

Purchase Details

Closed on
Jan 6, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.83%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Redondo Beach, CA

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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
$2,180,000 Chicago Title Company
-- Usa National Title Co
$2,330,000 Usa National Title Company I
$1,803,500 Usa National Title
-- None Available
-- None Available
$1,140,000 Lawyers Title Company
-- None Available
$750,000 Southland Title
-- --
-- --
-- Fidelity Title
-- Fidelity 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 $880,000
Previous Owner $801,850
Previous Owner $801,850
Previous Owner $730,000
Previous Owner $695,000
Previous Owner $501,500
Previous Owner $500,000
Previous Owner $306,000
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 Prior Sale
08/16/2024 08/16/24 Sold $2,180,000 -4.8% $529 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $2,290,000 +27.0% $556 / Sq Ft
11/03/2017 11/03/17 Sold $1,803,500 -3.0% $438 / Sq Ft View Prior Sale
10/07/2017 10/07/17 For Sale $1,860,000 0.0% $451 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
09/27/2017 09/27/17 For Sale $1,860,000 0.0% $451 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/25/2017 09/25/17 Price Changed $1,860,000 -2.1% $451 / Sq Ft
09/14/2017 09/14/17 Price Changed $1,899,000 -1.4% $461 / Sq Ft
08/25/2017 08/25/17 For Sale $1,925,000 -- $467 / 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 $25,696 $2,180,000 $1,480,000 $700,000
2024 $29,073 $2,548,192 $885,852 $1,662,340
2023 $28,536 $2,498,229 $868,483 $1,629,746
2022 $28,158 $2,449,245 $851,454 $1,597,791
2021 $27,634 $2,401,221 $834,759 $1,566,462
2020 $27,674 $2,376,600 $826,200 $1,550,400
2019 $27,103 $2,330,000 $810,000 $1,520,000
2018 $21,127 $1,803,500 $1,173,500 $630,000
2016 $14,612 $1,209,583 $732,117 $477,466
2015 $14,350 $1,191,415 $721,120 $470,295
2014 $14,177 $1,168,078 $706,995 $461,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24121115

California Regional Multiple Listing Service (CRMLS)

APN: 7502-011-046

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