173 Paseo de la Concha Redondo Beach, CA 90277
Riviera NeighborhoodEstimated Value: $2,457,000 - $2,853,198
3
Beds
2
Baths
3,014
Sq Ft
$898/Sq Ft
Est. Value
Highlights
- Laundry Room
- Rectangular Lot
- 5-minute walk to Miramar Park
- Riviera Elementary School Rated A
About This Home
As of December 2022We're pleased to present to market the trophy asset located at 173 Paseo De La Concha in Redondo Beach, California. This 1953 construction fourplex boasts a stunning location just steps from the beach in an affluent neighborhood at the base of the Palos Verdes Peninsula. With 21 percent upside in current rents and the potential to develop two ADU’s (buyer to verify), this is an excellent opportunity to acquire prime investment real estate in a strong coastal market.
The property is on a 8,400-square foot lot and consists of a two-story building that contains two one-bed/one-bath and two two-bed/one-bath units, in-unit laundry, a shared backyard, and a rear building with two two-car garages.
173 Paseo De La Concha is located in a sought-after residential area just 500 feet from Torrance County Beach and the start of the Redondo Beach Strand. Additionally, the property is a short half-mile from shopping and dining and Riviera Village.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 09/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,889
Year Built
- Built in 1953
Lot Details
- 8,400 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- 3,014 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 15 / D
- Tax Tract Number 10303
- Assessor Parcel Number 7511018013
- $714 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Operating Expense $41,911
- Gross Income $106,800
- Net Operating Income $61,685
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2022
Closed on
Nov 17, 2022
Sold by
Uebele Family Trust
Bought by
Sadeghi Family Trust
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Esther Ahdoot
Berkshire Hathaway HomeService
List Price
$3,095,000
Sold Price
$2,500,000
Premium/Discount to List
-$595,000
-19.22%
Total Days on Market
67
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,800
Avg. Annual Appreciation
3.21%
Purchase Details
Closed on
Nov 24, 2017
Sold by
Uebele Dorothy M and Uebele Family Trust
Bought by
Uebele Dorothy May and Uebele Family Trust
Purchase Details
Closed on
Feb 23, 2009
Sold by
Uebele George S and Uebele Dorothy M
Bought by
Uebele George S and Uebele Dorothy M
Purchase Details
Closed on
Jun 2, 2008
Sold by
Uebele George S and Uebele Dorothy M
Bought by
Ag Lake Holdiings Llc Series A
Similar Homes in Redondo Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sadeghi Family Trust | $2,500,000 | Ticor Title | |
| Uebele Dorothy May | -- | None Available | |
| Uebele George S | -- | None Available | |
| Uebele George S | -- | None Available | |
| Ag Lake Holdiings Llc Series A | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2022 12/07/22 | Sold | $2,500,000 | -12.9% | $829 / Sq Ft |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- |
| 10/25/2022 10/25/22 | Price Changed | $2,870,000 | -7.3% | $952 / Sq Ft |
| 09/22/2022 09/22/22 | For Sale | $3,095,000 | -- | $1,027 / 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 |
|---|---|---|---|---|
| 2024 | $28,889 | $2,550,000 | $1,836,000 | $714,000 |
| 2023 | $28,349 | $2,500,000 | $1,800,000 | $700,000 |
| 2022 | $3,358 | $247,389 | $120,576 | $126,813 |
| 2021 | $3,432 | $242,539 | $118,212 | $124,327 |
| 2019 | $3,343 | $235,347 | $114,706 | $120,641 |
| 2018 | $3,183 | $230,733 | $112,457 | $118,276 |
| 2017 | $3,123 | $226,209 | $110,252 | $115,957 |
| 2016 | $3,020 | $221,775 | $108,091 | $113,684 |
| 2015 | $2,961 | $218,445 | $106,468 | $111,977 |
| 2014 | $2,922 | $214,167 | $104,383 | $109,784 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
S
Seller's Agent in 2022
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
1 in this area
97 Total Sales
-
David O'Keefe
D
Seller Co-Listing Agent in 2022
David O'Keefe
Marcus & Millichap
(562) 257-1200
1 in this area
54 Total Sales
-
Esther Ahdoot
Buyer's Agent in 2022
Esther Ahdoot
Berkshire Hathaway HomeService
(310) 488-2351
2 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22207398
APN: 7511-018-013
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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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