NOT LISTED FOR SALE

1907 Camino de la Costa Redondo Beach, CA 90277

17 Beds
12 Baths
10,796 Sq Ft
0.28 Acres

Last Sold February 13, 2015

Last sale price $5,260,000 $487 Per Sq Ft

121 Days on Market

Highlights

  • 0.28 Acre Lot
  • Wood Flooring
  • Beamed Ceilings
  • Tulita Elementary School Rated A+
  • No HOA
  • 3-minute walk to Miramar Park

About This Home

As of February 2015

Huge Price Reduction!!! Location, Location, Location!!! Rare opportunity! Legacy Property. Great for an investor. Positive cash flow, HUGE upside potential. Pride of ownership. 12 spacious units in the very sought after Rivera Village. Some units have sunset views. All units feature hardwood floors, large balconies and/or patios, some have upgraded kitchens and newer appliances. All upper 6 units have high beam ceilings in living room, kitchen and bedrooms. Just steps to the beach sand and surf, and the popular Hollywood Riviera/Riviera Village shops and restaurants. First time on the market in 40 years, property sold in "as is" "where is" condition.

Last Agent to Sell the Property

Rachel Ezra

Vista Sotheby’s International Realty License #01396863 Listed on: 08/19/2014

Vista Sotheby’s International Realty

Last Buyer's Agent

Audrey Judson

Pacifica Properties Group, Inc. License #00872303

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 12 Car Garage
  • Parking Available
  • Up Slope from Street
  • Assigned Parking

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 10,796 Sq Ft Home
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Flooring
  • Property Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / F
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511020004

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $914
  • Insurance Expense $4,333
  • Trash Expense $2,107
  • Water Sewer Expense $3,402
  • New Taxes Expense $68,687
  • Gross Income $20,530
  • Net Operating Income $161,187

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

12

Listing Details

  • Assessments: No
  • CapRate: 3.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3402.00
  • Property Type: Residential Income
  • Parcel Number: 7511020004
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Beamed Ceilings, Balcony, Ceiling Fan(s), Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 487.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside
  • Trash Expense: 2107.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 10000-19999 Sqft, Paved, Up Slope from Street
  • Lot Size Sq Ft: 12237.00
  • Lot Size Acres: 0.2810

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 914.00
  • Gross Income: 20530.00
  • Gross Multiplier: 22.30
  • Gross Scheduled Income: 246600.00
  • Insurance Expense: 4333.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 12237.0000 Square Feet
  • Net Operating Income: 161187.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Dishwasher: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Operating Expense: 89206.00
  • Rent Control: No
  • Total Actual Rent: 20415.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 68687.00
  • Tax Block: F
  • Tax Lot: 4
  • Tax Tract Number: 10303
  • Tax Year: 2013

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2015 02/13/15 Sold $5,260,000 -12.3% $487 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
08/19/2014 08/19/14 For Sale $5,995,000 -- $555 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14177845

California Regional Multiple Listing Service (CRMLS)