NOT LISTED FOR SALE

142 Paseo de la Concha Redondo Beach, CA 90277

Riviera Neighborhood
4 Beds
3 Baths
8,116 Sq Ft
8,762 Sq Ft Lot

Last Sold September 30, 2022

Last sale price $6,700,000 $826 Per Sq Ft

75 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near a park
  • No HOA
  • Riviera Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Miramar Park

About This Home

As of September 2022

Twelve unit apartment complex in prime location. This property is one block from Torrance Beach. This is a very hot property located within walking distance to the Riviera Village as well as Torrance/Redondo Beach. Twelve units include, 2- studios, 7- 1 bedrooom units and 3- 2 bedroom units. All units occupied. Almost all units have been recently remodeled. Great/easy tenants. Laundry on site. Service provided from outside source. Nice patio area with BBQ and table w/ chairs. Please call with any inquiries but do not disturb tenants

Last Agent to Sell the Property

Stephanie Wells

Real Estate West, Inc. License #01442352 Listed on: 05/18/2022

Last Buyer's Agent

Thomas Cole

The Realestate Group License #01463959

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,762 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage
  • 6 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Flat Roof Shape
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 8,116 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / E
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511019009

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $2,640
  • Gardener Expense $1,920
  • Insurance Expense $5,112
  • Pest Control $672
  • Professional Management Expense $6,000
  • Trash Expense $1,728
  • Water Sewer Expense $5,400
  • Operating Expense $26,272
  • Gross Income $165,676
  • Net Operating Income $165,676

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 599917
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 5400.00
  • Zoning: TORR-MD
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 7511019009
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Levels: Two
  • Price Per Square Foot: 825.53
  • Room Type: Laundry

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Barbecue Private
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 672.00
  • Sewer: Public Sewer
  • Trash Expense: 1728.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Dog Park, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Park Nearby
  • Lot Size Sq Ft: 8762.00
  • Lot Size Acres: 0.2011

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average Studio Area: 600 Square Feet
  • Electric Expense: 2400.00
  • Fuel Expense: 2640.00
  • Gross Income: 165676.00
  • Gross Scheduled Income: 262010.00
  • Insurance Expense: 5112.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 800.00
  • Lot Size Area: 8762.0000 Square Feet
  • Net Operating Income: 165676.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 96334.00
  • Rent Control: No
  • Total Expenses: 26272.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 6513.04
  • Tax Lot: 12
  • Tax Tract Number: 10303

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $6,700,000 -6.9% $826 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $7,199,000 +20.0% $887 / Sq Ft
04/26/2019 04/26/19 Sold $6,000,000 -7.7% $739 / Sq Ft
03/05/2019 03/05/19 Price Changed $6,500,000 -6.5% $801 / Sq Ft
01/21/2019 01/21/19 For Sale $6,950,000 -- $856 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Stephanie Wells

    Real Estate West, Inc.

    (310) 546-3441

    1 in this area

    2 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    Thomas Cole

    The Realestate Group

    (310) 421-4407

    1 in this area

    2 Total Sales

    Section Image
  • Rachel Ezra

    Seller's Agent in 2019

    Rachel Ezra

    Vista Sotheby’s International Realty

    (310) 400-0297

    3 in this area

    40 Total Sales

    Section Image
  • Audrey Judson

    Seller Co-Listing Agent in 2019

    Audrey Judson

    Pacifica Properties Group, Inc.

    (310) 902-3234

    2 in this area

    53 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Tena Wells

    Vantage Point

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22105347

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Redondo Beach 90277 Riviera

142 Paseo de la Concha, Redondo Beach, CA

This home is located at 142 Paseo de la Concha, Redondo Beach, CA 90277 since 18 May 2022. This property was built in 1958. 142 Paseo de la Concha is a home located in Los Angeles County with nearby schools including Riviera Elementary School, Edward J. Richardson Middle School, and South High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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