NOT LISTED FOR SALE

Estimated Value: $2,618,000 - $2,721,574

11 Beds
8 Baths
3,849 Sq Ft
$694/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $2,559,500 $665 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $16,469/month

89 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 3-minute walk to Beverly Parkette
  • Birney Elementary School Rated A+

About This Home

As of February 2024

Under new ownership. Pictures shown might vary from the actual available units! BRAND NEW Renovated units: 4 bed 2 bath, 3 bed 1.5 bath & 2 bed 1.5 bath. Units feature washer/dryers, Italian-quartz countertops, stainless steel appliances, wood-style flooring, designer fixtures, custom cabinetry & garage parking. We are a smoke free property & pet friendly. Our property is located near a variety of area conveniences such as parks, restaurants, grocery stores and pharmacies. If you are looking for a comfortable, cozy home in the heart of North Redondo this unit is for you!

Requirements:
Household Income of 2.5 times monthly rent. Applicants with rent collections, bankruptcies, or evictions will not be considered. Security deposit of on month's rent. Pet Deposit $500 and pet rent of $35 to $50 per month. All applicants (proposed occupants 18 years and older) are required to submit an online rental application, authorize a credit and background check, and pay a $40 applicant fee per applicant.

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 09/15/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Nicholas Phillips

Compass License #01742107

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,077

Year Built

  • Built in 1969

Lot Details

  • 7,503 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,849 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 5 / 72
  • Tax Tract Number 620
  • Assessor Parcel Number 4161010027
  • $1,978 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,656
  • Operating Expense $49,265
  • Gross Income $192,900
  • Net Operating Income $139,848

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,077

Year Built

Built in 1969

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 662500
  • Property Attached: Yes
  • Zoning: RBR-2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4161010027
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 664.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 192900.00
  • Gross Scheduled Income: 192900.00
  • Insurance Expense: 3656.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 139848.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 49265.00
  • Rent Control: No
  • Total Expenses: 49265.00

Tax Info

  • Tax Block: 72
  • Tax Census Tract: 6207.03
  • Tax Lot: 5
  • Tax Tract Number: 620...
  • TaxOtherAnnualAssessmentAmount: 1978.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Feb 7, 2024
Sold by
Ngx1 Llc
Bought by
Willis Matthew William
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Nicholas Phillips
Compass
List Price
$2,800,000
Sold Price
$2,559,500
Premium/Discount to List
-$240,500
-8.59%
Total Days on Market
89
Views
61
Current Estimated Value
$2,669,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,287
Original Mortgage
$1,279,750
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2020
Closed on
Aug 4, 2020
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Ngx1 Llc
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,100,000
Sold Price
$1,850,000
Premium/Discount to List
-$250,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$1,478,071
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2009
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Joseph Howard L and Katzen Linda R

Purchase Details

Closed on
Sep 20, 2000
Sold by
Ruth Joseph Ben and Ruth Joseph
Bought by
Ruth Joseph Ben and Ruth Joseph
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
Willis Matthew William $2,559,500 First American Title
Ngx1 Llc $1,850,000 Fidelity National Title
Joseph Howard L -- None Available
Ruth Joseph Ben -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willis Matthew William $1,536,000
Closed Willis Matthew William $1,279,750
Previous Owner Ngx1 Llc $1,478,071
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Price Changed $4,300 -4.4% $4 / Sq Ft
03/16/2024 03/16/24 Price Changed $4,500 -6.3% $4 / Sq Ft
03/10/2024 03/10/24 Price Changed $4,800 +37.1% $4 / Sq Ft
03/02/2024 03/02/24 Price Changed $3,500 -2.8% $3 / Sq Ft
03/01/2024 03/01/24 For Rent $3,600 0.0% --
02/27/2024 02/27/24 Sold $2,559,500 -3.4% $665 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
11/10/2023 11/10/23 Price Changed $2,650,000 -3.6% $688 / Sq Ft
10/26/2023 10/26/23 Price Changed $2,750,000 -1.8% $714 / Sq Ft
10/05/2023 10/05/23 For Sale $2,800,000 0.0% $727 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $2,800,000 +51.4% $727 / Sq Ft
08/14/2020 08/14/20 Sold $1,850,000 0.0% $481 / Sq Ft
04/14/2020 04/14/20 Off Market $1,850,000 -- --
03/04/2020 03/04/20 For Sale $2,100,000 -- $546 / 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 $23,077 $2,610,690 $1,896,690 $714,000
2024 $23,077 $1,963,234 $1,379,570 $583,664
2023 $22,550 $1,924,740 $1,352,520 $572,220
2022 $22,249 $1,887,000 $1,326,000 $561,000
2021 $21,729 $1,850,000 $1,300,000 $550,000
2020 $3,000 $143,193 $46,149 $97,044
2019 $2,956 $140,387 $45,245 $95,142
2018 $2,796 $137,635 $44,358 $93,277
2016 $2,658 $132,293 $42,637 $89,656
2015 $2,618 $130,307 $41,997 $88,310
2014 $2,624 $127,756 $41,175 $86,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23172337

California Regional Multiple Listing Service (CRMLS)

APN: 4161-010-027