NOT LISTED FOR SALE

169 Paseo de la Concha Redondo Beach, CA 90277

Riviera Neighborhood

Estimated Value: $2,504,000 - $3,910,391

8 Beds
8 Baths
3,660 Sq Ft
$873/Sq Ft Est. Value

Last Sold July 09, 2014

Last sale price $2,040,000 $557 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $19,556/month

10 Days on Market

Highlights

  • Laundry Room
  • Carpet
  • 4-minute walk to Miramar Park
  • Riviera Elementary School Rated A
  • Wall Furnace

About This Home

As of July 2014

4-UNIT BUILDING IN THE RIVIERA! Four 2-bdrm/2-bath units. Separate gas and electric. Laundry on site. All units have dishwashers.

Last Agent to Sell the Property

Adolph James

Beach City Brokers License #00389293 Listed on: 05/27/2014

Last Buyer's Agent

Fred Lavi

Lavi & Associates License #00545149

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,374

Year Built

  • Built in 1953

Lot Details

  • 8,356 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,660 Sq Ft Home
  • Carpet
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511018012

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $35
  • Gardener Expense $125
  • Insurance Expense $175
  • Pest Control $45
  • Professional Management Expense $650
  • Trash Expense $152
  • Water Sewer Expense $192
  • New Taxes Expense $2,270
  • Gross Income $6,770
  • Net Operating Income $37,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,374

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • CapRate: 1.70
  • Professional Management Expense: 650.00
  • Property Attached: Yes
  • Water Sewer Expenses: 192.00
  • Property Type: Residential Income
  • Gardener Expense: 125.00
  • Parcel Number: 7511018012
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 557.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Pest Control Expense: 45.00
  • Trash Expense: 152.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8356.00
  • Lot Size Acres: 0.1920

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 35.00
  • Gross Income: 6770.00
  • Gross Multiplier: 26.83
  • Gross Scheduled Income: 81240.00
  • Insurance Expense: 175.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8356.0000 Square Feet
  • Net Operating Income: 37188.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Operating Expense: 44052.00
  • Rent Control: No
  • Total Actual Rent: 6660.00

Tax Info

  • New Taxes Expense: 2270.00
  • Tax Lot: 14
  • Tax Tract Number: 10303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2014
Closed on
Jun 13, 2014
Sold by
Fuess Thomas Francis and Fuess Edward
Bought by
Dorylus Lp
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Fred Lavi
Lavi & Associates
List Price
$2,180,000
Sold Price
$2,040,000
Premium/Discount to List
-$140,000
-6.42%
Current Estimated Value
$3,195,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,155,348
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
Jun 13, 2006
Sold by
Fuess Edward C
Bought by
Fuess Edward and Fuess Gertrude Alma
Source: Public Records

Range of Values:

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Average Value
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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
Dorylus Lp $2,040,000 Fidelity National Title Co
Fuess Edward -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorylus Lp $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2014 07/09/14 Sold $2,040,000 -6.4% $557 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $2,180,000 -- $596 / 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
2025 $27,374 $2,451,766 $2,253,464 $198,302
2024 $27,374 $2,403,693 $2,209,279 $194,414
2023 $26,864 $2,356,562 $2,165,960 $190,602
2022 $26,511 $2,310,356 $2,123,491 $186,865
2021 $26,197 $2,265,055 $2,081,854 $183,201
2019 $25,439 $2,197,874 $2,020,106 $177,768
2018 $24,687 $2,154,780 $1,980,497 $174,283
2016 $23,615 $2,071,109 $1,903,593 $167,516
2015 $23,106 $2,040,000 $1,875,000 $165,000
2014 -- $235,762 $104,383 $131,379
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Adolph James

    Beach City Brokers

  • Fred Lavi

    Buyer's Agent in 2014

    Fred Lavi

    Lavi & Associates

    (310) 704-2613

    6 Total Sales

    Fred Lavi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14109278

California Regional Multiple Listing Service (CRMLS)

APN: 7511-018-012

California Los Angeles County Redondo Beach 90277 Riviera

169 Paseo de la Concha, Redondo Beach, CA

This home is located at 169 Paseo de la Concha, Redondo Beach, CA 90277 since 27 May 2014 and is currently estimated at $3,195,348, approximately $873 per square foot. This property was built in 1953. 169 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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