1506 Phelan Ln Redondo Beach, CA 90278
North Redondo Beach Neighborhood
4
Beds
2
Baths
1,560
Sq Ft
2,700
Sq Ft Lot
Highlights
- Laundry Room
- Landscaped
- 1-Story Property
- Washington Elementary School Rated A+
- Paved or Partially Paved Lot
- 5-minute walk to Perry Park
About This Home
As of July 20181506 Phelan Lane is a duplex located in Redondo Beach. Built in 1955, this property has been well maintained and features (2) 2-bed/1-bath units with 1,560 SF of total living area. This property is perfect for an owner-user, or, with its huge upside in market rent potential, an ideal investment opportunity for somebody looking to expand their portfolio and acquire prime real estate in Redondo Beach.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 03/01/2018
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $11,710
Year Built
- Built in 1955
Lot Details
- 2,700 Sq Ft Lot
- No Common Walls
- Landscaped
- Paved or Partially Paved Lot
Interior Spaces
- 1,560 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 4157017031
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $600
- Fuel Expense $400
- Gardener Expense $1,200
- Insurance Expense $546
- Maintenance Expense $1,107
- Trash Expense $200
- Water Sewer Expense $400
- New Taxes Expense $11,359
- Operating Expense $15,812
- Gross Income $36,900
- Net Operating Income $19,981
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 5, 2020
Sold by
Marlowe Susan K
Bought by
Marlowe Susan K
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Outstanding Balance
$506,591
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$928,115
Purchase Details
Listed on
Mar 19, 2018
Closed on
Jun 21, 2018
Sold by
Pepper Christopher K
Bought by
Marlowe Susan K and Sknb Revocable Trust
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
William Joseph
Joseph Group
List Price
$845,000
Sold Price
$860,000
Premium/Discount to List
$15,000
1.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$580,150
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 3, 2014
Sold by
Pepper Christopher K
Bought by
Pepper Christopher K and Christopher K Pepper Revocable Family Tr
Purchase Details
Closed on
Oct 13, 2010
Sold by
Pepper Christopher K
Bought by
Pepper Christopher K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2004
Sold by
Pepper Christopher K
Bought by
Pepper Christopher K and Christopher K Pepper Revocable Family Tr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2004
Sold by
Pepper Elizabeth A
Bought by
Pepper Christopher K and Christopher K Pepper Revocable Family Tr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2004
Sold by
Pepper Elizabeth A
Bought by
Pepper Christopher K and Pepper Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 1, 2002
Sold by
Pepper Christopher K
Bought by
Pepper Elizabeth A and Pepper Christopher K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2001
Sold by
Pepper Christopher K
Bought by
Pepper Christopher K and Christopher K Pepper Revocable Family Tr
Purchase Details
Closed on
Jul 16, 1998
Sold by
Pepper Christopher K
Bought by
Pepper Christopher K and Pepper Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,800
Interest Rate
7%
Purchase Details
Closed on
May 5, 1994
Sold by
Peninsula Bank Na
Bought by
Pepper Christopher K and Pepper Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
8.53%
Purchase Details
Closed on
Aug 18, 1993
Sold by
Consolidated Reconveyance Company
Bought by
Peninsula Bank N A
Similar Home in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | American Coast Title | |
| Grant Deed | $860,000 | Progressive Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | $237,500 | Lawyers Title | |
| Interfamily Deed Transfer | -- | New Century Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | First American Title | |
| Grant Deed | $185,000 | Chicago Title | |
| Trustee Deed | $256,390 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Credit Line Revolving | |
| Open | $568,000 | New Conventional | |
| Closed | $575,000 | New Conventional | |
| Closed | $580,150 | New Conventional | |
| Previous Owner | $330,000 | New Conventional | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $190,000 | New Conventional | |
| Previous Owner | $170,000 | Purchase Money Mortgage | |
| Previous Owner | $155,800 | No Value Available | |
| Previous Owner | $157,250 | No Value Available | |
| Closed | $190,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2018 07/11/18 | Sold | $860,000 | 0.0% | $551 / Sq Ft |
| 07/11/2018 07/11/18 | Sold | $860,000 | +1.8% | $551 / Sq Ft |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- |
| 06/08/2018 06/08/18 | For Sale | $845,000 | 0.0% | $542 / Sq Ft |
| 06/08/2018 06/08/18 | For Sale | $845,000 | 0.0% | $542 / Sq Ft |
| 06/05/2018 06/05/18 | Pending | -- | -- | -- |
| 06/05/2018 06/05/18 | Pending | -- | -- | -- |
| 05/23/2018 05/23/18 | Price Changed | $845,000 | 0.0% | $542 / Sq Ft |
| 05/23/2018 05/23/18 | Price Changed | $845,000 | -3.4% | $542 / Sq Ft |
| 04/03/2018 04/03/18 | Price Changed | $875,000 | -5.4% | $561 / Sq Ft |
| 03/19/2018 03/19/18 | For Sale | $925,000 | 0.0% | $593 / Sq Ft |
| 03/01/2018 03/01/18 | For Sale | $925,000 | -- | $593 / Sq Ft |
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 | $11,710 | $959,341 | $513,136 | $446,205 |
| 2024 | $11,710 | $940,531 | $503,075 | $437,456 |
| 2023 | $11,500 | $922,090 | $493,211 | $428,879 |
| 2022 | $11,262 | $904,011 | $483,541 | $420,470 |
| 2021 | $10,941 | $886,286 | $474,060 | $412,226 |
| 2020 | $10,907 | $877,200 | $469,200 | $408,000 |
| 2019 | $10,646 | $860,000 | $460,000 | $400,000 |
| 2018 | $8,222 | $643,490 | $472,076 | $171,414 |
| 2016 | $7,955 | $618,504 | $453,746 | $164,758 |
| 2015 | $7,818 | $609,215 | $446,931 | $162,284 |
| 2014 | $7,703 | $597,283 | $438,177 | $159,106 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2018
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
6 in this area
145 Total Sales
-
Seller Co-Listing Agent in 2018
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
10 in this area
154 Total Sales
-
Buyer's Agent in 2018
William Joseph
Joseph Group
(310) 415-4655
9 in this area
72 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18048544
APN: 4157-017-031
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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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