Seller's Agent in 2016
Rick Thomas
Merit Real Estate
(310) 291-1900
16 Total Sales
Estimated Value: $679,000 - $4,125,497
5% Cap Rate, No Rent Control. Built in 2008. 6 townhouse style units deeded and taxed separately. In today's market units comp at $425,000 each. Contact listing agent for comp analysis. Appreciation based on Residential Market as well as rent increases. Modern contemporary architecture. Spacious interiors include 10' tall ceilings with large skylights. Designer kitchens include solid maple cabinets, modern appliances, granite counters, and full height back splashes. Master bedroom includes a walk-in closet, gas fireplace and private patio. Masterbath includes stoned tiled shower walls, soothing spa tub, skylight and granite cabinet counters. Laundry room on the same level as the bedrooms. Tank less water heaters and plumbed for future AC. Additional private patio downstairs. Attached garage with additional parking. All town homes are end units with only one common wall. Security gates. We have CC&R's for HOA and are taxed and deeded separately. Buy as multifamily now. Sell later as individual units. Market peaked at $500k in 2007 for homes like these. Collect $170,000 a year in rents now. Units are well maintained. Must do a drive by. Investors delight. Perfect for 1031 tax exchange and trust purchases.
Last Agent to Sell the Property
Merit Real Estate License #00761763 Listed on: 07/17/2013
Last Buyer's Agent
Sue Freeman
Re/Max Execs Redondo Beach License #00912308
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| George Behnam & Samia T Behman Revocable | $2,300,000 | Progressive |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | George Behnam & Samia T Behman Revocable | $1,495,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2016 04/01/16 | Sold | $2,300,000 | +4.6% | $209 / Sq Ft |
| 02/23/2016 02/23/16 | Pending | -- | -- | -- |
| 08/17/2012 08/17/12 | For Sale | $2,199,000 | -- | $200 / Sq Ft |
| 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 | $5,662 | $453,780 | $171,647 | $282,133 |
| 2024 | $5,662 | $444,883 | $168,282 | $276,601 |
| 2023 | $5,562 | $436,161 | $164,983 | $271,178 |
| 2022 | $5,286 | $427,610 | $161,749 | $265,861 |
| 2021 | $5,224 | $419,227 | $158,578 | $260,649 |
| 2020 | $5,266 | $414,929 | $156,952 | $257,977 |
| 2019 | $5,055 | $406,794 | $153,875 | $252,919 |
| 2018 | $4,964 | $398,818 | $150,858 | $247,960 |
| 2016 | $5,038 | $408,490 | $140,393 | $268,097 |
| 2015 | $4,612 | $373,000 | $128,300 | $244,700 |
| 2014 | $4,068 | $314,000 | $108,000 | $206,000 |
Seller's Agent in 2016
Rick Thomas
Merit Real Estate
(310) 291-1900
16 Total Sales
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Buyer's Agent in 2016
Sue Freeman
RE/MAX
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S12103132
APN: 6103-031-069