NOT LISTED FOR SALE

1420 S Redondo Blvd Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,171,000 - $1,413,560

5 Beds
3 Baths
2,270 Sq Ft
$548/Sq Ft Est. Value

Last Sold July 11, 2017

Last sale price $750,000 $330 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $7,414/month

8 Days on Market

About This Home

As of July 2017

Centrally located Mid Los Angeles Income property with over 40% upside in rents. Triplex features two renovated units, a tankless water heater, copper plumbing and five secured parking spaces. The unit mix includes (2) two bedroom and one bath apartments and (1) one bedroom and one bath unit. Potential owner user opportunity. Over 4.3 CAP at existing rents and 7 CAP at market rents! Only $330 per square foot. One of the best mid city deals on the market! The lot is zoned LARD1.5. Please do not disturb tenants. Inside units with accepted offer.

Last Agent to Sell the Property

Michael Springer

Compass License #01265333 Listed on: 05/15/2017

Compass

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

David Berneman

David Berneman License #01912734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,377

Year Built

  • Built in 1921

Lot Details

  • 5,715 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 2,270 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Gated Parking

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5070-016-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,377

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2270
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 330.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 182040
  • Assessed Land Value: 312070
  • Assessor Parcel Number: 5070-016-007
  • Geocode Override: No
  • Lot Size Area: 5715

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.40
  • Number Of Units: 3
  • Total Annual Expense: 16546
  • Type Of Units: Triplex
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Jun 26, 2017
Sold by
Avedissian Patrick
Bought by
Mclaughlin Ford Colin William Amos
Seller's Agent
Michael Springer
Compass
Buyer's Agent
David Berneman
David Berneman
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$1,244,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,890
Avg. Annual Appreciation
6.26%
Original Mortgage
$600,000
Outstanding Balance
$499,319
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$745,571

Purchase Details

Listed on
Mar 27, 2013
Closed on
May 21, 2013
Sold by
1420 Redondo Llc
Bought by
Avedissian Patrick and Avedissian Olga
Seller's Agent
Kenny Stevens
Compass
Buyer's Agent
Kenny Stevens
Compass
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%
Original Mortgage
$380,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2011
Sold by
Sprenkle Richard Brent
Bought by
1420 Redondo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2011
Sold by
Stein Yanir
Bought by
Sprenkle Richard Brent and Richard B Sprenkle Revocable 2005 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2011
Sold by
Wells Fargo Bank N A
Bought by
Stein Yanir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2010
Sold by
Jackson Ilona
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 13, 2000
Sold by
Smith C Brian
Bought by
Jackson Ilona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,750
Interest Rate
7.65%

Purchase Details

Closed on
Sep 15, 2000
Sold by
Help Public Service Foundation
Bought by
Smith C Brian and The Holding Agreement

Purchase Details

Closed on
Mar 24, 2000
Sold by
Development Secretary Of Housing And Urban
Bought by
Help Public Service Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
8.24%

Purchase Details

Closed on
Apr 27, 1998
Sold by
Moore Milton
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jan 20, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jan 31, 1997
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Moore Milton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.86%

Purchase Details

Closed on
Oct 17, 1996
Sold by
Moore Barbara
Bought by
Bank Of America National Tr & Svgs Assn

Purchase Details

Closed on
Oct 27, 1994
Sold by
Martin Frank A
Bought by
Moore Earl

Purchase Details

Closed on
Oct 25, 1994
Sold by
Moore Earl
Bought by
Moore Barbara

Purchase Details

Closed on
Sep 26, 1994
Sold by
Lee John
Bought by
Moore Earl

Purchase Details

Closed on
Aug 29, 1994
Sold by
Moore Earl
Bought by
Lee John
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mclaughlin Ford Colin William Amos $750,000 Title365 Company
Avedissian Patrick $475,004 Fidelity
1420 Redondo Llc -- Chicago Title Company
Sprenkle Richard Brent -- Chicago Title
Stein Yanir $290,000 Servicelink
Wells Fargo Bank Na $380,000 Accommodation
Jackson Ilona $265,000 United Title
Smith C Brian -- --
Smith C Brian -- --
Help Public Service Foundation $143,500 United Title Company
Countrywide Home Loans Inc $183,964 Landsafe Title
Hud -- Landsafe Title
Moore Milton $160,000 First American Title Co
Bank Of America National Tr & Svgs Assn $151,660 American Title Ins Co
Moore Earl -- --
Moore Barbara -- --
Moore Earl -- --
Martin Frank A -- --
Lee John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Ford Colin William Amos $600,000
Previous Owner Avedissian Patrick $380,000
Previous Owner 1420 Redondo Llc $217,500
Previous Owner Sprenkle Richard Brent $217,500
Previous Owner Jackson Ilona $251,750
Previous Owner Help Public Service Foundation $137,000
Previous Owner Moore Milton $128,000
Closed Moore Milton $32,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2017 07/11/17 Sold $750,000 0.0% $330 / Sq Ft
05/15/2017 05/15/17 For Sale $750,000 +57.9% $330 / Sq Ft
05/31/2013 05/31/13 Sold $475,000 +5.6% $209 / Sq Ft View Prior Sale
04/10/2013 04/10/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $450,000 -- $198 / Sq Ft
Source: The MLS

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 $10,377 $853,367 $682,696 $170,671
2024 $10,377 $836,635 $669,310 $167,325
2023 $10,182 $820,232 $656,187 $164,045
2022 $9,717 $804,150 $643,321 $160,829
2021 $9,589 $788,383 $630,707 $157,676
2019 $9,305 $765,000 $612,000 $153,000
2018 $9,163 $750,000 $600,000 $150,000
2016 $6,132 $494,110 $312,070 $182,040
2015 $6,044 $486,689 $307,383 $179,306
2014 $6,076 $477,156 $301,362 $175,794
Source: Public Records

Agents Affiliated with this Home

  • Michael Springer

    Seller's Agent in 2017

    Michael Springer

    Compass

    (310) 745-8569

    5 Total Sales

    Michael Springer
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2017

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    7 in this area

    873 Total Sales

    Tamra Pardee
    Section Image

  • D

    Buyer's Agent in 2017

    David Berneman

    David Berneman

    (310) 880-9651

    2 Total Sales

    David Berneman
    Section Image
  • Kenny Stevens

    Seller's Agent in 2013

    Kenny Stevens

    Compass

    (424) 284-4453

    2 in this area

    43 Total Sales

    Kenny Stevens
    Section Image
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Map

Source: The MLS

MLS Number: 17-220216

The MLS

APN: 5070-016-007

California Los Angeles County Los Angeles 90019 Mid-City

1420 S Redondo Blvd, Los Angeles, CA

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