NOT LISTED FOR SALE

Estimated Value: $2,026,000 - $2,573,101

7 Beds
3 Baths
3,000 Sq Ft
$762/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $1,755,000 $585 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $14,433/month

13 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Laundry Room
  • Birney Elementary School Rated A+
  • No HOA
  • 3-minute walk to Andrews Park

About This Home

As of August 2019

Charming 3 unit property in a nice North Redondo neighborhood. The unit mix is great with a (Must SEE) updated 2 bedroom plus office (or 3rd bedroom) main house and two 2 bed/1 bath units at the rear of the property. Large R3 50'x150' lot. The front single family home has a large fenced front yard as well as a private back patio area, hardwood floors, coved ceilings and fireplace. There are three 1 car garages. The entire exterior of the property has been painted. A special property.

Last Agent to Sell the Property

Jeremy Shelton

Pacifica Properties Group, Inc. License #01416145 Listed on: 05/10/2019

Last Buyer's Agent

Meredith Johnson

Vista Sotheby’s International Realty License #01907722

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,978

Year Built

  • Built in 1935

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,000 Sq Ft Home
  • Triplex

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 4156014007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $1,800
  • Trash Expense $2,500
  • New Taxes Expense $22,500
  • Operating Expense $27,800
  • Gross Income $84,000
  • Net Operating Income $56,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,978

Year Built

Built in 1935

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.20
  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 4156014007
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Price Per Square Foot: 585.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 84000.00
  • Gross Multiplier: 21.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 56200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 27800.00
  • Rent Control: No
  • Total Actual Rent: 6700.00
  • Total Expenses: 27800.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Lot: 7
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2021
Sold by
Kernen Mark and Kernen Jennifer
Bought by
1910 Rockefeller Llc
Current Estimated Value
$2,297,413

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 7, 2019
Sold by
Shelton Shannon Lee and Parke Patricia L
Bought by
Kernen Mark and Kernen Jennifer
Seller's Agent
Jeremy Shelton
Pacifica Properties Group, Inc.
Buyer's Agent
Meredith Johnson
Vista Sotheby’s International Realty
List Price
$1,998,000
Sold Price
$1,755,000
Premium/Discount to List
-$243,000
-12.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$1,316,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2013
Sold by
Shelton Jeremy and Shelton Shannon
Bought by
Shelton Jeremy and Shelton Shannon

Purchase Details

Closed on
Aug 1, 2005
Sold by
Parke Reynolds and Parke Patricia L
Bought by
Parke Reynolds and Parke Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2005
Sold by
Parke Reynolds and Parke Patricia L
Bought by
Parke Reynolds and Parke Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2003
Sold by
Parke Reynolds and Parke Patricia L
Bought by
Parke Reynolds and Parke Patricia L

Purchase Details

Closed on
Aug 22, 2003
Sold by
Parke Reynolds and Parke Patricia L
Bought by
Parke Reynolds and Parke Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2000
Sold by
Ruhl Cynthia S and The Cynthia S Ruhl Revocable T
Bought by
Klinck Jonathan B and Ruhl Cynthia S

Purchase Details

Closed on
Nov 10, 1994
Sold by
Parke Reynolds and Parke Patricia L
Bought by
Parke Reynolds and Parke Patricia L
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
1910 Rockefeller Llc -- None Available
Kernen Mark $1,755,000 Usa National Title Company
Shelton Jeremy -- Accommodation
Parke Reynolds -- --
Parke Reynolds $1,060,000 Lawyers Title Company
Parke Reynolds -- --
Parke Reynolds -- Gateway Title Company
Klinck Jonathan B -- --
Parke Reynolds -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kernen Mark $1,316,250
Previous Owner Parke Reynolds $689,000
Previous Owner Parke Reynolds $119,500
Closed Parke Reynolds $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold $1,755,000 -2.4% $585 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/13/2019 05/13/19 Price Changed $1,799,000 -10.0% $600 / Sq Ft
05/10/2019 05/10/19 For Sale $1,998,000 0.0% $666 / Sq Ft
04/13/2017 04/13/17 Rented $3,000 0.0% --
04/07/2017 04/07/17 Under Contract -- -- --
03/31/2017 03/31/17 Price Changed $3,000 -7.7% $3 / Sq Ft
02/14/2017 02/14/17 For Rent $3,250 -- --
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 $22,978 $1,919,343 $1,203,008 $716,335
2024 $22,978 $1,881,710 $1,179,420 $702,290
2023 $22,562 $1,844,815 $1,156,295 $688,520
2022 $22,134 $1,808,643 $1,133,623 $675,020
2021 $21,876 $1,773,181 $1,111,396 $661,785
2020 $21,846 $1,755,000 $1,100,000 $655,000
2019 $13,614 $1,030,366 $907,114 $123,252
2018 $13,182 $1,010,164 $889,328 $120,836
2016 $12,678 $970,941 $854,796 $116,145
2015 $12,464 $956,358 $841,957 $114,401
2014 $12,285 $937,626 $825,465 $112,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19053981

California Regional Multiple Listing Service (CRMLS)

APN: 4156-014-007