$1,408,100
SOLD MAY 8, 2014
9 Beds
4 Baths
5,051 Sq Ft
7,502 Sq Ft Lot

Recently Sold

$279 Per Sq Ft

4% Above List Price

9 Days on Market

Highlights

  • No Units Above
  • Property is near a park
  • Laundry Room
  • Jefferson Elementary School Rated A+
  • No HOA
  • 3-minute walk to Gregg Parkette

About This Home

As of July 2017

Excellent opportunity to acquire a fully occupied four unit complex in good section of North Redondo Beach. All units are well-kept, spacious and with good tenants. Townhome-style with either patios or balconies. High ceilings, vaulted in some areas. Each unit has a dishwasher. Laundry room on the premises with coin-operation. Close to park, schools, beaches, shopping and restaurants.

Last Agent to Sell the Property

Todd Pearl

Equity Union License #01407700 Listed on: 04/11/2014

Co-Listed By

Lenny LaRocca

Compass License #01401046

Last Buyer's Agent

Norma Toering

Charlemagne Int'l Properties License #01147470

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,484

Year Built

  • Built in 1973

Lot Details

  • 7,502 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 5,051 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near a park
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 4156028026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $635
  • Fuel Expense $1,575
  • Gardener Expense $900
  • Insurance Expense $1,950
  • Trash Expense $515
  • Water Sewer Expense $2,200
  • New Taxes Expense $16,875
  • Operating Expense $24,650
  • Gross Income $6,089
  • Net Operating Income $47,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,484

Year Built

Built in 1973

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4156028026
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Levels: Two
  • Price Per Square Foot: 278.78

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Trash Expense: 515.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 635.00
  • Fuel Expense: 1575.00
  • Gross Income: 6089.00
  • Gross Multiplier: 18.60
  • Gross Scheduled Income: 72300.00
  • Insurance Expense: 1950.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 775.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 47650.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24650.00
  • Rent Control: No
  • Total Actual Rent: 6025.00
  • Total Expenses: 24650.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Annual Amount: 8484.00
  • Tax Year: 2013

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
9
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

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 Type Sale Price Title Company
Grant Deed $2,000,000 Fntg Builder Services
Grant Deed -- None Available
Grant Deed $1,408,500 Fatcola
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,300,000 New Conventional
Previous Owner $844,860 New Conventional
Previous Owner $270,000 Unknown
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14075537

California Regional Multiple Listing Service (CRMLS)

APN: 4156-028-026