NOT LISTED FOR SALE

Estimated Value: $1,512,000 - $1,624,000

4 Beds
2 Baths
1,440 Sq Ft
$1,093/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $1,548,000 $1,075 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,039/month

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Jefferson Elementary School Rated A+
  • Laundry Room
  • Front Yard

About This Home

As of February 2024

Welcome to your dream investment opportunity in the heart of the coveted Golden Hills area of Redondo Beach! This rare gem is a meticulously remodeled duplex that stands out in a neighborhood dominated by single-family homes, offering the perfect blend of modern luxury and coastal convenience.
Situated on a corner lot in the thriving West Redondo Beach locale, this duplex provides easy access to the beach, trendy restaurants, and upscale shopping in the neighboring Hermosa and Manhattan Beach areas. The prime location is just the beginning of what makes this property so special.
Comprising two distinct units, each with 2 bedrooms and 1 bath, this duplex is a standout with no common unit walls, ensuring optimal privacy for each residence. The convenience continues with individual private 1-car garages and additional driveway parking spaces for both units. Additional amenity is laundry hookups in each garage.
Step inside and discover a world of sophistication and comfort. Both units boast remodeled kitchens and baths, featuring the finest contemporary finishes. Unit #1605 showcases refinished hardwood flooring with a light finish, a private fenced front yard, and a 2017 kitchen remodel that included white cabinetry, quartz counters, subway tile backsplash, and tasteful contemporary tile flooring. The bathroom exudes elegance with tasteful tiled tub walls and floor tile, complemented by a newer vanity with a quartz countertop.
The bedrooms in Unit #1605 are adorned with ceiling fans, with one bedroom featuring double mirrored closet doors and another opening up to a rear sitting area through a sliding glass door. Unit #1607 underwent a stylish remodel in 2020, boasting a kitchen with white cabinetry, quartz countertops, subway tile backsplash, and a pantry. Light-finished hardwood flooring, updated interior paint, bedroom ceiling fans, and a remodeled bath with tasteful tiled tub walls and flooring complete the picture. The adjacent spacious lawn area offers an inviting outdoor space for relaxation and entertainment.
Both units come equipped with modern amenities such as forced air heating, copper plumbing, newer windows, sliding glass doors, and individual water heaters. This duplex is a testament to quality craftsmanship and attention to detail.
Don't miss the opportunity to own a piece of Redondo Beach paradise with this exceptional duplex. This property checks all the boxes for a lifestyle of coastal luxury and convenience.

Last Agent to Sell the Property

Ken Conant

Estate Properties License #00851703 Listed on: 01/09/2024

Last Buyer's Agent

Kate Nash

First Team Real Estate License #01309788

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,475

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 5,015 Sq Ft Lot
  • Lot Dimensions are 100 x 50
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway
  • Assigned Parking

Home Design

  • Duplex
  • Raised Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block C / 8
  • Tax Tract Number 4
  • Assessor Parcel Number 4161017010
  • $1,460 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $19,350
  • Operating Expense $24,750
  • Gross Income $70,320
  • Net Operating Income $45,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,475

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 774000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: RBR-1
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4161017010
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: House front
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1075.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Unknown
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size: 100 x 50
  • Lot Size Sq Ft: 5015.00
  • Lot Size Acres: 0.1151

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 70320.00
  • Gross Operating Income: 70320.00
  • Gross Scheduled Income: 70320.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5015.0000 Square Feet
  • Net Operating Income: 45570.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 24750.00
  • Rent Control: Yes
  • Total Expenses: 24750.00

Tax Info

  • New Taxes Expense: 19350.00
  • Tax Block: 8
  • Tax Census Tract: 6207.03
  • Tax Lot: C
  • Tax Tract Number: 4
  • TaxOtherAnnualAssessmentAmount: 1460.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Jan 26, 2024
Sold by
Soesbe Helen T
Bought by
Wilson Jack A and Wilson Lauren M
Seller's Agent
Ken Conant
Estate Properties
Buyer's Agent
Kate Nash
First Team Real Estate
List Price
$1,548,000
Sold Price
$1,548,000
Total Days on Market
8
Views
20
Current Estimated Value
$1,573,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,558
Avg. Annual Appreciation
1.27%
Original Mortgage
$1,238,400
Outstanding Balance
$1,222,527
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$351,031

Purchase Details

Closed on
Jan 14, 2013
Sold by
Soesbe Edward G and Soesbe Helen T
Bought by
The Edward G Soesbe & Helen T Soesbe Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2013
Sold by
The Edward G Soesbe & Helen T Soesbe Tru
Bought by
Soesbe Edward G and Soesbe Helen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2011
Sold by
The Soesbe Trusts
Bought by
Soesbe Edward G and Soesbe Helen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2003
Sold by
Soesbe Edward G and Soesbe Helen T
Bought by
Soesbe Edward G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.96%
Source: Public Records

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Range of Values:

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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
Wilson Jack A $1,548,000 Fidelity National Title
The Edward G Soesbe & Helen T Soesbe Tru -- Accommodation
Soesbe Edward G -- First American Title Company
Soesbe Edward G -- Progressive Title Company
The Edward G & Helen T Soesbe Trust -- Progressive Title Company
Soesbe Edward G -- Fidelity
Soesbe Edward G -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Jack A $1,238,400
Previous Owner Soesbe Edward G $390,000
Previous Owner Soesbe Edward G $262,000
Previous Owner Soesbe Edward G $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $1,548,000 0.0% $1,075 / Sq Ft
01/09/2024 01/09/24 For Sale $1,548,000 -- $1,075 / 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
2024 $2,475 $82,619 $51,167 $31,452
2023 $2,447 $81,000 $50,164 $30,836
2022 $2,335 $79,413 $49,181 $30,232
2021 $2,238 $77,857 $48,217 $29,640
2019 $2,119 $75,550 $46,788 $28,762
2018 $1,982 $74,070 $45,871 $28,199
2016 $1,904 $71,196 $44,091 $27,105
2015 $1,883 $70,127 $43,429 $26,698
2014 $1,860 $68,755 $42,579 $26,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24003943

California Regional Multiple Listing Service (CRMLS)

APN: 4161-017-010