NOT LISTED FOR SALE

1307 Amethyst St Redondo Beach, CA 90277

Estimated Value: $1,817,000 - $2,037,000

9 Beds
7 Baths
4,186 Sq Ft
$455/Sq Ft Est. Value

Last Sold August 07, 2024

Last sale price $14,120,000 $3,373 Per Sq Ft

Current estimated payment $11,324/month

137 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Heating Available
  • Beryl Heights Elementary School Rated A+
  • Dog Park
  • 1-minute walk to Dominguez Park

About This Home

As of August 2024

4 BUILDING PORTFOLIO: MUST BE SOLD WITH 1303, 1305 & 1307 Amethyst.

Great potential for this fourplex located at 1301Amethyst St. This prime income producing property is located just East of the Redondo Beach Harbor. Walking distance to shops & restaurants. One 4BR-1.75 Bath unit, Two 2BR-1.75 bath units and One 1BR-1Bath unit. All electric with separate meters, common on-site laundry & 5 car parking. Possible ADU opportunity.

Buyer to cooperate with Seller's 1031.

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial Brokerage Phone: 562-397-9520 License #00499477 Listed on: 02/01/2024

Coldwell Banker Commercial

Co-Listed By

George Bustamante

Coldwell Banker Commercial Brokerage Phone: 562-397-9520 License #01484265

Last Buyer's Agent

Nabil Awada

Matthews Real Estate Investment Services License #02046840

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,229

Year Built

  • Built in 1963

Lot Details

  • 5,654 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Fixer Upper

Interior Spaces

  • 4,186 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Heating Available
  • 220 Volts in Kitchen
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 19 / 15
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502014048
  • $1,142 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Dog Park

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Operating Expense $28,080
  • Gross Income $94,100
  • Net Operating Income $65,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,229

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • CapRate: 2.98
  • Price Per Unit: 548750
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: RBRMD
  • Property Condition: Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7502014048
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 3373.15

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal
  • Electric: 220 Volts in Kitchen
  • Heating Type: Electric
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5654.00
  • Lot Size Acres: 0.1298
  • Latitude Manual: 33.85603900

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 94100.00
  • Gross Multiplier: 23.45
  • Gross Operating Income: 90792.00
  • Gross Scheduled Income: 93600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 500.00
  • Lot Size Area: 5654.0000 Square Feet
  • Net Operating Income: 65520.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28080.00
  • Rent Control: Yes
  • Total Actual Rent: 93600.00
  • Total Expenses: 28080.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 15
  • Tax Census Tract: 6212.01
  • Tax Lot: 19
  • Tax Tract Number: 10019
  • TaxOtherAnnualAssessmentAmount: 1142.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Jul 30, 2024
Sold by
Watson Brothers Properties Llc
Bought by
1307 Amethyst Llc
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Nabil Awada
Matthews Real Estate Investment Services
List Price
$2,195,000
Sold Price
$14,120,000
Premium/Discount to List
$11,925,000
543.28%
Views
17
Current Estimated Value
$1,906,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,213,439
Avg. Annual Appreciation
-85.15%

Purchase Details

Closed on
Sep 18, 2008
Sold by
Watson Clarence L and Watson Clifford K
Bought by
Watson Brothers Properties Llc

Purchase Details

Closed on
Jun 10, 2005
Sold by
Watson Clarence L and Watson Clifford K
Bought by
Watson Clarence L
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
1307 Amethyst Llc $1,755,500 Ticor Title Company Of Califor
Watson Brothers Properties Llc -- None Available
Watson Clarence L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watson Clarence L $355,000
Previous Owner Watson Clarence L $371,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $14,120,000 +543.3% $3,373 / Sq Ft
02/01/2024 02/01/24 For Sale $2,195,000 -- $524 / 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 $11,229 $2,032,000 $1,600,000 $432,000
2024 $11,229 $919,875 $344,026 $575,849
2023 $11,038 $901,839 $337,281 $564,558
2022 $10,899 $884,157 $330,668 $553,489
2021 $10,797 $866,822 $324,185 $542,637
2019 $10,599 $841,113 $314,570 $526,543
2018 $10,300 $824,621 $308,402 $516,219
2016 $9,957 $792,602 $296,427 $496,175
2015 $9,784 $780,697 $291,975 $488,722
2014 $9,680 $765,405 $286,256 $479,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24021880

California Regional Multiple Listing Service (CRMLS)

APN: 7502-014-048