NOT LISTED FOR SALE

1306 Agate St Redondo Beach, CA 90277

Estimated Value: $2,138,000 - $2,437,192

7 Beds
4 Baths
4,186 Sq Ft
$537/Sq Ft Est. Value

Last Sold July 17, 2013

Last sale price $1,155,000 $276 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $13,601/month

6 Days on Market

Highlights

  • Property is near a park
  • Lawn
  • Tile Countertops
  • Beryl Heights Elementary School Rated A+
  • No HOA
  • 3-minute walk to Dominguez Park

About This Home

As of July 2013

Great Investment Opportunity to own this Fourplex in this high rental neighborhood of South Redondo Beach. You can live in one unit and have the other 3 help pay for your mortgage or rent out all four. This complex has one 4 bedroom/1.75 baths which features an upgraded kitchen with cabinetry, laminate counters, dual sink, tile flooring and a fireplace in the living room. There are two 2 bedrooms/2 baths and both units have upgraded kitchen, bathrooms, tiled walkways. Front 4 bedroom unit and both 2 bedroom units have some windows replaced with dual pane. All units are electric. All units have their own water heater. Total of 4 garages (3 single; 1 double) attached to structure. Front 4 bedroom unit has washer/dryer hookup in garage. One Community laundry area with washer/dryer. School district has Award Winning Schools!!! This 4plex is in a wonderful central location with close proximity to shopping center which boasts Vons Supermarket, restaurants, convenience stores, etc. Also near Redondo Beach Dog Park, Redondo Beach Pier and the Beach. Please DO NOT DISTURB OCCUPANTS. Thank you.

Last Agent to Sell the Property

Dorinda Lugo

The Realestate Group License #01397109 Listed on: 05/31/2013

The Realestate Group

Last Buyer's Agent

Benjamin Larson

Real Brokerage Technologies License #01746853

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,356

Year Built

  • Built in 1963

Lot Details

  • 5,303 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Lawn

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Cosmetic Repairs Needed

Interior Spaces

  • 4,186 Sq Ft Home
  • Ceiling Fan
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Property is near a park
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 4
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502014033

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,220
  • Gardener Expense $360
  • Insurance Expense $1,375
  • Trash Expense $900
  • Water Sewer Expense $1,500
  • New Taxes Expense $15,000
  • Gross Income $6,050
  • Net Operating Income $51,245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,356

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Inclusions: Stoves in each unit
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7502014033
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room, Masonry
  • Levels: Two
  • Price Per Square Foot: 275.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal
  • Heating Type: Electric
  • Laundry Features: Community
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Level, Lawn, Park Nearby
  • Lot Size Sq Ft: 5303.00
  • Lot Size Acres: 0.1220

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 2220.00
  • Gross Income: 6050.00
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 1375.00
  • Lot Size Area: 5303.0000 Square Feet
  • Net Operating Income: 51245.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 21355.00
  • Other Income Description: Includes $2,500 of PF for #A
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 4
  • Tax Tract Number: 10019
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2016
Sold by
Lyster Ronald W
Bought by
Redondo Sunset Apartments Llc
Current Estimated Value
$2,246,048

Purchase Details

Listed on
May 31, 2013
Closed on
Aug 1, 2013
Sold by
Lyster Ronald W
Bought by
Lyster Ronald W and Lyster Guinevere
Seller's Agent
Dorinda Lugo
The Realestate Group
Buyer's Agent
Benjamin Larson
Real Brokerage Technologies
List Price
$1,200,000
Sold Price
$1,155,000
Premium/Discount to List
-$45,000
-3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%

Purchase Details

Listed on
May 31, 2013
Closed on
Jun 11, 2013
Sold by
Davis Shirley Brenda
Bought by
Lyster Ronald and Lyster Guinevere
Seller's Agent
Dorinda Lugo
The Realestate Group
Buyer's Agent
Benjamin Larson
Real Brokerage Technologies
List Price
$1,200,000
Sold Price
$1,155,000
Premium/Discount to List
-$45,000
-3.75%

Purchase Details

Closed on
Dec 6, 2005
Sold by
Davis Scott Douglas
Bought by
Davis Scott Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Redondo Sunset Apartments Llc -- None Available
Lyster Ronald W -- None Available
Lyster Ronald $1,155,000 Title 365 Company
Davis Scott Douglas -- Act
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Scott Douglas $368,500
Previous Owner Davis Scott Douglas $359,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2013 07/17/13 Sold $1,155,000 -3.8% $276 / Sq Ft
06/06/2013 06/06/13 Pending -- -- --
05/31/2013 05/31/13 For Sale $1,200,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,356 $1,415,860 $435,175 $980,685
2024 $16,356 $1,388,099 $426,643 $961,456
2023 $16,066 $1,360,882 $418,278 $942,604
2022 $15,858 $1,334,199 $410,077 $924,122
2021 $15,634 $1,308,039 $402,037 $906,002
2019 $15,341 $1,269,244 $390,113 $879,131
2018 $14,940 $1,244,358 $382,464 $861,894
2016 $14,460 $1,196,040 $367,613 $828,427
2015 $14,201 $1,178,076 $362,092 $815,984
2014 $14,030 $1,155,000 $355,000 $800,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13103181

California Regional Multiple Listing Service (CRMLS)

APN: 7502-014-033