NOT LISTED FOR SALE

1231 Amethyst St Redondo Beach, CA 90277

Estimated Value: $2,225,000 - $3,016,000

9 Beds
7 Baths
4,186 Sq Ft
$630/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $2,540,000 $607 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $16,337/month

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Vinyl Flooring
  • Beryl Heights Elementary School Rated A
  • 5 Car Garage
  • 4-minute walk to Dominguez Park

About This Home

As of August 2022

Great 4 Unit apartment building located in the city of Redondo Beach! Front unit (which is currently occupied) is a owner occupy style unit. This property is conveniently located right near the Redondo Beach Dominquez Park as well as Vons nearby. Don't miss out on this opportunity!

Last Agent to Sell the Property

Freddy Okuda

ADW Management USA, Inc. License #02073148 Listed on: 05/25/2022

Last Buyer's Agent

Woody Stahl

LYON STAHL INVESTMENT REAL EST License #01399621

LYON STAHL INVESTMENT REAL EST

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 5,402 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 4,186 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, sewer
  • Legal Lot and Block 38 / 14
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502011078

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 $837
  • Insurance Expense $1,476
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Pest Control $480
  • Professional Management Expense $4,914
  • Trash Expense $1,284
  • Water Sewer Expense $1,903
  • New Taxes Expense $29,164
  • Operating Expense $44,058
  • Gross Income $122,860
  • Net Operating Income $78,802

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

5,402 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 3.10
  • Professional Management Expense: 4914.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1903.00
  • Zoning: RBRMD
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7502011078
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 606.78

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range
  • Heating Type: Electric
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 1284.00
  • 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: 5402.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Electricity, Sewer

Multi Family

  • Electric Expense: 837.00
  • Gross Multiplier: 20.05
  • Gross Operating Income: 122860.00
  • Gross Scheduled Income: 126660.00
  • Insurance Expense: 1476.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 15.00
  • Lot Size Area: 5402.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Maintenance Percent: 2.40
  • Net Operating Income: 78802.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 44058.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 10540.00
  • Total Expenses: 44058.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29164.00
  • Tax Block: 14
  • Tax Census Tract: 6212.01
  • Tax Lot: 38
  • Tax Tract Number: 10019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jun 14, 2022
Sold by
Horii Tekko Corp
Bought by
Yreach Holdings Llc
Seller's Agent
Freddy Okuda
ADW Management USA, Inc.
Buyer's Agent
Woody Stahl
LYON STAHL INVESTMENT REAL EST
List Price
$2,540,000
Sold Price
$2,540,000
Current Estimated Value
$2,637,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,715
Avg. Annual Appreciation
1.04%
Original Mortgage
$1,530,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2018
Sold by
Adq No 1 Llc
Bought by
Horii Tekko Corp

Purchase Details

Closed on
Aug 3, 2017
Bought by
Adw #1 Llc

Purchase Details

Closed on
Mar 5, 2012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2010

Purchase Details

Closed on
Sep 16, 2002

Purchase Details

Closed on
Oct 15, 1997
Sold by
Wang Huey Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yreach Holdings Llc $2,540,000 Stewart Title Company
Horii Tekko Corp $2,330,000 Wfg National Title Company
Adw #1 Llc $1,850,000 Wfg Title Company Of Ca
-- -- First American Title Company
-- -- First American Title Company
-- -- Investors Title Company
-- -- --
-- $425,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yreach Holdings Llc $1,530,000
Previous Owner -- $439,000
Previous Owner -- $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2022 08/03/22 Sold $2,540,000 0.0% $607 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $2,540,000 -- $607 / 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 $29,547 $2,642,616 $1,248,480 $1,394,136
2024 $29,547 $2,590,800 $1,224,000 $1,366,800
2023 $29,001 $2,540,000 $1,200,000 $1,340,000
2022 $28,705 $2,498,229 $868,483 $1,629,746
2021 $28,167 $2,449,245 $851,454 $1,597,791
2019 $27,626 $2,376,600 $826,200 $1,550,400
2018 $21,643 $1,850,000 $1,300,000 $550,000
2016 $7,503 $573,248 $276,507 $296,741
2015 $7,377 $564,638 $272,354 $292,284
2014 $7,309 $553,578 $267,019 $286,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22111506

California Regional Multiple Listing Service (CRMLS)

APN: 7502-011-078

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