Seller's Agent in 2024
Scott Heflin
Compass
(310) 849-8420
2 in this area
22 Total Sales
124 S Prospect Ave Redondo Beach, CA 90277
Estimated Value: $1,656,561 - $1,753,000
4
Beds
4
Baths
1,702
Sq Ft
$1,001/Sq Ft
Est. Value
Highlights
- Sound Studio
- City Lights View
- Deck
- Alta Vista Elementary School Rated A+
- Fireplace in Primary Bedroom
- High Ceiling
About This Home
As of April 2024Welcome to 124 South Prospect Avenue, Redondo Beach. This 3-bedroom, 3-bathroom home offers almost 1,700 square feet of living space with the additional studio its around 2,300 sq.ft on a 6445 square foot lot. With a studio and bath that could be rented out for additional income. This home offers great potential. The back bungalow is also a recording studio, offers versatility and privacy with soundproofed walls and a full bath. Studio has it's own entrance. Throughout the home, three fireplaces exude warmth. The kitchen features Mexican Talavera tile. Each bedroom has its own full bath. The upstairs primary bedroom has vaulted ceilings and endless city views. Step outside to a spacious deck with a large fire pit area and stunning views of mountains by day and city by night. Situated in a desirable area, it's conveniently located near shops, dining, and entertainment. Embrace the opportunity to transform this property into your dream home or investment opportunity. Great for a first time homebuyer, multi-generational family or an investor who would like to build two townhomes on the lot. This home offers great potential. Situated in a desirable area, it's conveniently located near shops, dining, and entertainment. If you are in the entertainment industry and need an at home recording studio, this is the place.
Great for a first time homebuyer, multi-generational family or an investor.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,800
Year Built
- Built in 1953
Lot Details
- 6,477 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Property is zoned RBR-3
Home Design
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 1,702 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Family Room with Fireplace
- Living Room with Fireplace
- Sound Studio
- City Lights Views
Kitchen
- Breakfast Area or Nook
- Tile Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- 4 Full Bathrooms
- Granite Bathroom Countertops
- Bathtub with Shower
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 2 Carport Spaces
- Parking Available
- Driveway
Outdoor Features
- Balcony
- Deck
- Wood Patio
- Exterior Lighting
Schools
- Redondo Union High School
Utilities
- Forced Air Heating System
- Natural Gas Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 8 / 37
- Tax Tract Number 10019
- Assessor Parcel Number 7518006013
- $887 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2024
Closed on
Mar 22, 2024
Sold by
Elkhadem-Wagner Living Trust and Elkhadem Joseph R
Bought by
Yanira Y Covarrubias Trust and Covarrubias
Seller's Agent
Scott Heflin
Compass
Buyer's Agent
Nellie Alvarez
Vylla Home, Inc.
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,140
Avg. Annual Appreciation
6.52%
Purchase Details
Closed on
Sep 8, 2021
Sold by
Elkhadem Joseph R and Wagner Carla E
Bought by
Elkhadem-Magner Living Trust and Elkhadem
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 3, 2021
Sold by
Elkhadem Joseph R and Elkhadem Carla E
Bought by
Elkhadem Joseph R and Wagner Carla E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2019
Sold by
Elkhadem Joseph E and Wagner Carla E
Bought by
Elkhadem Joseph R and Wagner Carla E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 27, 2019
Sold by
Elkhadem Joseph R and Wagner Carla E
Bought by
Elkhadem Joseph R and Wagner Carla E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 24, 2016
Sold by
Elkhadem Joseph and Wagner Carla E
Bought by
The Elkhadem Wagner Living Trust
Purchase Details
Closed on
Aug 14, 2002
Sold by
Robinson Ronald W and Robinson Richann R
Bought by
El Khadem Joseph and Wagner Carla E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.87%
Purchase Details
Closed on
Jan 13, 2000
Sold by
Robinson Ronald W and Robinson Richann R
Bought by
Robinson Ronald W and Robinson Richann R
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yanira Y Covarrubias Trust | $1,550,000 | Consumers Title Company | |
| Elkhadem-Magner Living Trust | -- | Accommodation/Courtesy Recordi | |
| Elkhadem Joseph R | -- | Accommodation | |
| Elkhadem Joseph R | -- | New Title Company Name | |
| Elkhadem Joseph R | -- | First American Title Company | |
| Elkhadem Joseph R | -- | First American Title Company | |
| The Elkhadem Wagner Living Trust | -- | None Available | |
| El Khadem Joseph | $510,000 | American Title Co | |
| Robinson Ronald W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Elkhadem Joseph R | $868,000 | |
| Previous Owner | Elkhadem Joseph R | $800,000 | |
| Previous Owner | El Khadem Joseph | $370,000 | |
| Closed | El Khadem Joseph | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $1,550,000 | -1.6% | $911 / Sq Ft |
| 03/16/2024 03/16/24 | Pending | -- | -- | -- |
| 03/16/2024 03/16/24 | Price Changed | $1,575,000 | 0.0% | $925 / Sq Ft |
| 03/15/2024 03/15/24 | Price Changed | $1,575,000 | -4.5% | $925 / Sq Ft |
| 02/23/2024 02/23/24 | For Sale | $1,650,000 | 0.0% | $969 / Sq Ft |
| 01/29/2020 01/29/20 | Rented | $3,500 | 0.0% | -- |
| 01/13/2020 01/13/20 | Under Contract | -- | -- | -- |
| 01/07/2020 01/07/20 | Price Changed | $3,500 | -2.8% | $2 / Sq Ft |
| 11/17/2019 11/17/19 | Price Changed | $3,600 | -4.0% | $2 / Sq Ft |
| 09/30/2019 09/30/19 | For Rent | $3,750 | +7.1% | -- |
| 01/27/2017 01/27/17 | Rented | $3,500 | 0.0% | -- |
| 01/24/2017 01/24/17 | Off Market | $3,500 | -- | -- |
| 12/13/2016 12/13/16 | For Rent | $3,500 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,800 | $1,581,000 | $1,397,196 | $183,804 |
| 2024 | $8,800 | $724,152 | $579,328 | $144,824 |
| 2023 | $8,646 | $709,954 | $567,969 | $141,985 |
| 2022 | $8,491 | $696,034 | $556,833 | $139,201 |
| 2021 | $8,325 | $682,387 | $545,915 | $136,472 |
| 2020 | $8,310 | $675,391 | $540,318 | $135,073 |
| 2019 | $8,123 | $662,149 | $529,724 | $132,425 |
| 2018 | $7,864 | $649,167 | $519,338 | $129,829 |
| 2016 | $7,610 | $623,961 | $499,172 | $124,789 |
| 2015 | $7,476 | $614,589 | $491,674 | $122,915 |
| 2014 | $7,373 | $602,551 | $482,043 | $120,508 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Heflin
-
Nellie Alvarez
Buyer's Agent in 2024
Nellie Alvarez
Vylla Home, Inc.
(310) 863-9979
1 in this area
2 Total Sales
-
Theresa Bruno
Seller's Agent in 2020
Theresa Bruno
RE/MAX
(310) 387-7697
4 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23199313
APN: 7518-006-013
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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