NOT LISTED FOR SALE

Estimated Value: $1,820,000 - $3,189,477

8 Beds
4 Baths
4,200 Sq Ft
$585/Sq Ft Est. Value

Last Sold July 20, 2015

Last sale price $1,828,125 $435 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $15,250/month

6 Days on Market

Highlights

  • Ocean Side of Freeway
  • City Lights View
  • End Unit
  • Birney Elementary School Rated A+
  • Traditional Architecture
  • 2-minute walk to Andrews Park

About This Home

As of July 2015

This trophy property is located in the quiet westernmost end of North Redondo's Villas North neighborhood. It is located just a half block to the lovely Andrews Park and two blocks to many restaurants, shops, stores and a Rite Aid pharmacy. This location is not busy, and offers quick access out of town via Artesia Blvd or Aviation Blvd. The units are set up as side by side attached townhome style homes with the living area plus a patio/deck and a half bath on the entry level and two bedrooms and one bath on the upper level. The units have each been fully remodeled with new floors, kitchens, cabinets and vinyl windows. Each unit has an access backdoor into the kitchen from the driveway so unloading groceries is a snap. All units have a two garage for secure off street parking and have room for private laundry facilities, however there is also a coin operated laundry room. Turn key bread and butter investment opportunity.

Last Agent to Sell the Property

Robb Stroyke

Bayside License #00940891 Listed on: 06/01/2015

Last Buyer's Agent

Giovanni Altamura

S C Real Estate License #01818979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,682

Year Built

  • Built in 1965

Lot Details

  • 7,500 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Level Lot
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Living Room
  • City Lights Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 02
  • Tax Tract Number 8102
  • Assessor Parcel Number 4156014009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $836
  • Gardener Expense $480
  • Insurance Expense $1,480
  • Maintenance Expense $1,550
  • Trash Expense $760
  • Water Sewer Expense $1,530
  • New Taxes Expense $23,738
  • Gross Income $8,052
  • Net Operating Income $96,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,682

Year Built

Built in 1965

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1530.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 4156014009
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 435.27
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • View: City Lights
  • Fencing: Wood
  • Pool Private: No
  • Roof: Tar/Gravel
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Trash Expense: 760.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Level with Street, Up Slope from Street
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 243.75
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 836.00
  • Gross Income: 8052.00
  • Gross Scheduled Income: 103200.00
  • Insurance Expense: 1480.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 1550.00
  • Net Operating Income: 96624.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 6576.00
  • Rent Control: No
  • Total Actual Rent: 8600.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 23738.00
  • Tax Lot: 02
  • Tax Tract Number: 8102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Lust Steven and Tsuda Kesa
Bought by
Rbrock Llc
Current Estimated Value
$2,456,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Outstanding Balance
$639,489
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,817,380

Purchase Details

Closed on
Feb 16, 2021
Sold by
Lust Steven and Tsuda Kesa
Bought by
Rbrock Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Outstanding Balance
$639,489
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,817,380

Purchase Details

Closed on
Jun 6, 2018
Sold by
Lust Steven and Lust Kesa
Bought by
Rbrock Llc

Purchase Details

Closed on
Oct 3, 2016
Sold by
Lust Steven and Tsuda Kesa
Bought by
Lust Steven and Tsuda Kesa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2015
Closed on
Jun 11, 2015
Sold by
Arancio Joseph Daniel and The Barbara Fine Family Trust
Bought by
Lust Steve and Tsuda Kesa
Seller's Agent
Robb Stroyke
Bayside
Buyer's Agent
Giovanni Altamura
S C Real Estate
List Price
$1,899,000
Sold Price
$1,828,125
Premium/Discount to List
-$70,875
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$775,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2012
Sold by
Arancio Joseph and Arancio Jori
Bought by
Fine Barbara and The Barbara Fine Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$794,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Fine Barbara
Bought by
Fine Barbara and The Barbara Fine Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2010
Sold by
Nyberg Anders
Bought by
Fine Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2010
Sold by
Gilster Shari J and Gilster Trust
Bought by
Fine Barbara and Arancio Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.99%
Mortgage Type
New Conventional
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
Rbrock Llc -- First Amer Ttl Co Los Angele
Rbrock Llc -- First American Title Company O
Lust Steven -- First American Title Company O
Rbrock Llc -- None Available
Lust Steven -- Progressive Title Company
Lust Steve $1,828,500 Usa National Title Co
Fine Barbara -- Progressive Title Company
Fine Barbara -- Accommodation
Fine Barbara -- Fidelity National Title Co
Fine Barbara $1,200,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lust Steven $715,000
Previous Owner Lust Steven $768,000
Previous Owner Lust Steve $775,000
Previous Owner Fine Barbara $794,000
Previous Owner Fine Barbara $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2015 07/20/15 Sold $1,828,125 -3.7% $435 / Sq Ft
06/07/2015 06/07/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $1,899,000 -- $452 / 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 $26,682 $2,343,923 $1,706,742 $637,181
2024 $26,682 $2,297,965 $1,673,277 $624,688
2023 $26,189 $2,252,908 $1,640,468 $612,440
2022 $25,838 $2,208,734 $1,608,302 $600,432
2021 $25,223 $2,165,426 $1,576,767 $588,659
2020 $25,259 $2,143,224 $1,560,600 $582,624
2019 $22,949 $1,939,887 $1,379,570 $560,317
2018 $22,308 $1,901,851 $1,352,520 $549,331
2016 $21,605 $1,828,000 $1,300,000 $528,000
2015 $15,511 $1,288,833 $773,300 $515,533
2014 $15,316 $1,263,588 $758,153 $505,435
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15117496

California Regional Multiple Listing Service (CRMLS)

APN: 4156-014-009