NOT LISTED FOR SALE

Estimated Value: $1,697,000 - $2,044,091

6 Beds
4 Baths
3,328 Sq Ft
$577/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2020

Last sale price $1,405,000 $422 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,641 / mo

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to El Nido Park
  • Edison Elementary School Rated A
  • Central Air

About This Home

As of March 2020

This beautiful duplex located in the EL Nido pocket of north Redondo Beach is 3,328 sqft of building and consists of two 3-bedroom + 2-bathroom units stacked on top of each other. Each with identical floor plans. Pride of ownership rings true throughout the property, with high end finishings, astroturf courtyard, large backyard space with built in BBQ + patio for the first floor unit. One tandem 2-car garage and one side by side 2-car garage both with epoxy flooring. The perfect owner-user or investment opportunity; opportunities like this don’t come around often in this neighborhood!

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 01/10/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Rachel Bush

Lyon Stahl Investment Real Estate, Inc. License #02037980

Last Buyer's Agent

Julie Lockwood

Estate Properties License #01269205

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 6,004 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,328 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 20 / C
  • Tax Tract Number 6503
  • Assessor Parcel Number 4083006040

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,165
  • Trash Expense $400
  • New Taxes Expense $17,500
  • Operating Expense $25,545
  • Gross Income $49,470
  • Net Operating Income $22,905

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

6,004 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: TORR-LM
  • Property Type: Residential Income
  • Parcel Number: 4083006040
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 422.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Gross Income: 49470.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1165.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 22905.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 25545.00
  • Rent Control: No
  • Total Expenses: 25545.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Block: C
  • Tax Lot: 20
  • Tax Tract Number: 6503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Feb 6, 2020
Sold by
Shimkus Michael M and Shimkus Lori A
Bought by
Kdw Orange Llc
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Julie Lockwood
Estate Properties
List Price
$1,400,000
Sold Price
$1,405,000
Premium/Discount to List
$5,000
0.36%
Current Estimated Value
$1,921,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,273
Avg. Annual Appreciation
5.31%
Original Mortgage
$1,053,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2005
Sold by
Shimkus Michael M and Shimkus Lori A
Bought by
Shimkus Michael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Khazdouzian Rassoul
Bought by
Shimkus Michael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2002
Sold by
Ilkhechi Arefeh P
Bought by
Khazdouzian Rassoul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,850
Interest Rate
7.99%

Purchase Details

Closed on
Feb 12, 2002
Sold by
Hu Pao Ming Hwa and Hu Paul Ming Pu
Bought by
Khazdouzian Rassoul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,850
Interest Rate
7.99%

Purchase Details

Closed on
May 30, 1995
Sold by
Hu Pao Ming Hwa and Hu Paul Ming Pu
Bought by
Hu Pao Ming Hwa

Purchase Details

Closed on
Jun 22, 1993
Sold by
Hu Arsenia Diaz
Bought by
Hu Paul Ming Pu
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kdw Orange Llc $1,405,000 First American Title
Shimkus Michael M -- Progressive Title
Shimkus Michael M $740,000 Landamerica Lawyers Title
Schimkus Michael M -- --
Khazdouzian Rassoul -- Equity Title
Bashkar Tavana T -- Equity Title
Khazdouzian Rassoul $495,818 Equity Title
Hu Pao Ming Hwa -- --
Hu Paul Ming Pu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kdw Orange Llc $1,053,750
Previous Owner Shimkus Michael M $640,000
Previous Owner Shimkus Michael M $592,000
Previous Owner Khazdouzian Rassoul $371,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $1,405,000 +0.4% $422 / Sq Ft
01/18/2020 01/18/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $1,400,000 -- $421 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,341 $1,536,568 $557,756 $978,812
2024 $17,341 $1,506,440 $546,820 $959,620
2023 $17,018 $1,476,903 $536,099 $940,804
2022 $16,792 $1,447,945 $525,588 $922,357
2021 $16,498 $1,419,555 $515,283 $904,272
2020 $11,234 $962,027 $572,017 $390,010
2019 $11,075 $943,164 $560,801 $382,363
2018 $10,700 $924,671 $549,805 $374,866
2016 $10,208 $888,766 $528,456 $360,310
2015 $9,987 $875,417 $520,519 $354,898
2014 $9,725 $858,270 $510,323 $347,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20006870

California Regional Multiple Listing Service (CRMLS)

APN: 4083-006-040

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