NOT LISTED FOR SALE

Estimated Value: $1,796,000 - $2,181,000

8 Beds
4 Baths
3,398 Sq Ft
$595/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,799,000 $529 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $12,775/month

466 Days on Market

Highlights

  • Peek-A-Boo Views
  • Open Floorplan
  • Property is near public transit
  • Birney Elementary School Rated A+
  • Contemporary Architecture
  • 5-minute walk to Andrews Park

About This Home

As of March 2023

Welcome to Redondo's Beach finest 4 units. A spacious 2 bed 1 bath single family home sits at the front of the lot. This home has its own 2 car garage and separate yards. As you exit this single family home you will find 3 single car garages that belong the the fabulous 3 units. All units feature 2 spacious bedrooms, bathroom, large living room, spacious kitchen with laundry hooks up. This property is conveniently located to the OCEAN, shopping, food, entertainment, and freeway access. This building is great for owner to live in one and generate rental income from the other 3 units. You may also find it to be a great acquisition to your portfolio. Live in Redondo Beach; Live the Beach

Last Agent to Sell the Property

Dominick Archuleta

Archuleta Realty License #01308760 Listed on: 10/15/2021

Last Buyer's Agent

Jeff Kashanchi

Estate Properties License #00955833

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,444

Year Built

  • Built in 1924

Lot Details

  • 7,492 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,398 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Peek-A-Boo Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 22 / 32
  • Tax Tract Number 6207
  • Assessor Parcel Number 4156014022
  • $1,358 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,073
  • Maintenance Expense $2,400
  • Trash Expense $1,392
  • Water Sewer Expense $1,740
  • Operating Expense $6,605
  • Gross Income $38,280
  • Net Operating Income $31,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,444

Year Built

Built in 1924

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 449750
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1740.00
  • Zoning: RBR-3
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 4156014022
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 529.43
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • View: Peek-A-Boo
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1392.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7492.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 38280.00
  • Gross Scheduled Income: 38280.00
  • Insurance Expense: 1073.00
  • Lot Size Area: 7492.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 31675.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6605.00
  • Rent Control: No
  • Total Expenses: 6605.00

Tax Info

  • Tax Block: 32
  • Tax Census Tract: 6207.01
  • Tax Lot: 22
  • Tax Tract Number: 6207
  • TaxOtherAnnualAssessmentAmount: 1358.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Jan 30, 2023
Sold by
M Rust Rawnsley Trust and Shrainer Jay Rawnsley
Bought by
Marcos Ehab and Hanna Abeer
Seller's Agent
Dominick Archuleta
Archuleta Realty
Buyer's Agent
Jeff Kashanchi
Estate Properties
List Price
$1,900,000
Sold Price
$1,799,000
Premium/Discount to List
-$101,000
-5.32%
Views
42
Current Estimated Value
$2,020,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,506
Avg. Annual Appreciation
3.24%
Original Mortgage
$1,349,250
Outstanding Balance
$1,305,535
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$642,902

Purchase Details

Closed on
Apr 5, 2007
Sold by
Rawnsley Mackall Rust
Bought by
Rawnsley M Rust and M Rust Rawnsley Trust
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
Marcos Ehab $1,799,000 Orange Coast Title Company
Rawnsley M Rust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morcos Ehab $1,349,250
Closed Marcos Ehab $1,349,250
Previous Owner Rawnsley M Rust $137,092
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $1,799,000 0.0% $529 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
12/17/2022 12/17/22 Price Changed $1,799,000 -5.3% $529 / Sq Ft
03/23/2022 03/23/22 For Sale $1,900,000 0.0% $559 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
10/15/2021 10/15/21 For Sale $1,900,000 -- $559 / 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 $21,444 $1,871,679 $1,144,440 $727,239
2024 $21,444 $1,834,980 $1,122,000 $712,980
2023 $22,848 $1,955,952 $1,144,440 $811,512
2022 $22,542 $1,917,600 $1,122,000 $795,600
2021 $2,683 $119,989 $52,065 $67,924
2020 $2,681 $119,040 $51,532 $67,508
2019 $2,643 $116,712 $50,522 $66,190
2018 $2,490 $114,430 $49,532 $64,898
2016 $2,335 $109,718 $47,609 $62,109
2015 $2,300 $108,071 $46,894 $61,177
2014 $2,302 $105,955 $45,976 $59,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21228922

California Regional Multiple Listing Service (CRMLS)

APN: 4156-014-022