NOT LISTED FOR SALE

1915 Marshallfield Ln Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,397,000 - $3,307,000

9 Beds
7 Baths
5,051 Sq Ft
$561/Sq Ft Est. Value

Last Sold July 25, 2017

Last sale price $2,000,000 $396 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $18,009/month

45 Days on Market

About This Home

As of July 2017

CHARMING FOUR UNIT INVESTMENT OPPORTUNITY IN ONE OF THE MOST DESIRABLE PLACES TO LIVE IN THE COUNTRY WITH SIGNIFICANT UPSIDE IN RENTS (40%+/)!! The outstanding unit mix consists of one 3 Bed/1.5 Bath unit, two 2 Bed/1.5 Bath units, and one 2 Bed/1 Bath unit. All units are extremely spacious town-home style that feature either patios or balconies. Additionally, each unit has its own garage parking spot(s) and there is an onsite laundry room available for tenant's convenience. This property is perfect as a lucrative real estate investment, owner/user opportunity or terrific 1031 exchange upleg.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 04/07/2017

Keller Williams South Bay

Co-Listed By

Brian Dempsey

Keller Williams Beach Cities License #01956499

Last Buyer's Agent

Jonathan Grant

Realty Executives Westside License #00473618

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,986

Year Built

  • Built in 1973

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 5,051 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 4156028026

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $34,546
  • Gross Income $90,540
  • Net Operating Income $55,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,986

Year Built

Built in 1973

Lot Details

0

Parking

6

Listing Details

  • CapRate: 2.75
  • Property Attached: Yes
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Parcel Number: 4156028026
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 395.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7502.00

Multi Family

  • Gross Income: 90540.00
  • Gross Multiplier: 22.37
  • Gross Operating Income: 90145.00
  • Gross Scheduled Income: 90540.00
  • Net Operating Income: 55600.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 34546.00
  • Rent Control: No
  • Total Actual Rent: 7545.00
  • Total Expenses: 34546.00
  • Vacancy Allowance: 1811
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 6207.02
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2017
Closed on
Jun 7, 2017
Sold by
1915 Marshalifield Ln Llc
Bought by
Bingener Mark Wilhelm and Bingener Cicely Roxanne
Seller's Agent
Joshua Cohen
Keller Williams South Bay
Buyer's Agent
Jonathan Grant
Realty Executives Westside
List Price
$2,099,000
Sold Price
$2,000,000
Premium/Discount to List
-$99,000
-4.72%
Total Days on Market
45
Current Estimated Value
$2,832,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$832,987
Avg. Annual Appreciation
5.27%
Original Mortgage
$1,300,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2014
Closed on
May 19, 2014
Sold by
Guardian Assets Llc
Bought by
1915 Marshallfield Ln Llc
Seller's Agent
Todd Pearl
Equity Union
Buyer's Agent
Norma Toering
Charlemagne Int'l Properties
List Price
$1,350,000
Sold Price
$1,408,100
Premium/Discount to List
$58,100
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Listed on
Apr 11, 2014
Closed on
Apr 29, 2014
Sold by
Smalley Joanne
Bought by
Guardian Assets Llc
Seller's Agent
Todd Pearl
Equity Union
Buyer's Agent
Norma Toering
Charlemagne Int'l Properties
List Price
$1,350,000
Sold Price
$1,408,100
Premium/Discount to List
$58,100
4.3%

Purchase Details

Closed on
Feb 19, 2004
Sold by
Smalley Stanford V and Smalley Joanne B
Bought by
Smalley Stanford
Source: Public Records

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Range of Values:

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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
Bingener Mark Wilhelm $2,000,000 Fntg Builder Services
1915 Marshallfield Ln Llc -- None Available
Guardian Assets Llc $1,408,500 Fatcola
Smalley Stanford -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bingener Mark Wilhelm $1,300,000
Previous Owner 1915 Marshallfield Ln Llc $844,860
Previous Owner Smalley Stanford $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2017 07/25/17 Sold $2,000,000 -1.2% $396 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/03/2017 05/03/17 Price Changed $2,025,000 -3.5% $401 / Sq Ft
04/07/2017 04/07/17 For Sale $2,099,000 +49.1% $416 / Sq Ft
05/08/2014 05/08/14 Sold $1,408,100 +4.3% $279 / Sq Ft
04/20/2014 04/20/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $1,350,000 -- $267 / 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
2024 $25,986 $2,231,035 $1,673,277 $557,758
2023 $25,507 $2,187,290 $1,640,468 $546,822
2022 $25,164 $2,144,402 $1,608,302 $536,100
2021 $24,559 $2,102,356 $1,576,767 $525,589
2019 $24,088 $2,040,000 $1,530,000 $510,000
2018 $23,451 $2,000,000 $1,500,000 $500,000
2016 $17,515 $1,458,135 $583,005 $875,130
2015 $17,193 $1,436,233 $574,248 $861,985
2014 -- $662,796 $248,545 $414,251
Source: Public Records

Agents Affiliated with this Home

  • Joshua Cohen

    Seller's Agent in 2017

    Joshua Cohen

    Keller Williams South Bay

    (310) 995-6847

    1 in this area

    42 Total Sales

    Section Image
  • Brian Dempsey

    Seller Co-Listing Agent in 2017

    Brian Dempsey

    Keller Williams Beach Cities

    (310) 748-5682

    Section Image
  • Jonathan Grant

    Buyer's Agent in 2017

    Jonathan Grant

    Realty Executives Westside

    Section Image
  • Todd Pearl

    Seller's Agent in 2014

    Todd Pearl

    Equity Union

    (424) 254-9293

    8 in this area

    57 Total Sales

    Todd Pearl
    Section Image
  • Lenny LaRocca

    Seller Co-Listing Agent in 2014

    Lenny LaRocca

    Compass

    (310) 614-2958

    1 in this area

    60 Total Sales

    Lenny LaRocca
    Section Image

  • N

    Buyer's Agent in 2014

    Norma Toering

    Charlemagne Int'l Properties

    (310) 831-0800

    2 Total Sales

    Norma Toering
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17073964

California Regional Multiple Listing Service (CRMLS)

APN: 4156-028-026

California Los Angeles County Redondo Beach 90278 North Redondo Beach

1915 Marshallfield Ln, Redondo Beach, CA

This home is located at 1915 Marshallfield Ln, Redondo Beach, CA 90278 since 07 April 2017 and is currently estimated at $2,832,987, approximately $560 per square foot. This property was built in 1973. 1915 Marshallfield Ln is a home located in Los Angeles County with nearby schools including Jefferson Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

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California Regional Multiple Listing Service (CRMLS) 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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