NOT LISTED FOR SALE

Estimated Value: $2,361,000 - $3,148,000

8 Beds
8 Baths
4,954 Sq Ft
$545/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $1,970,000 $398 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $16,415/month

108 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • Wood Flooring
  • Birney Elementary School Rated A+
  • Traditional Architecture
  • 4-minute walk to Mathews Parkette

About This Home

As of January 2019

Great Investment Opportunity with this Stunningly Magnificent, Multi-Family, 4-Unit Building in North Redondo. It offers an ideal unit mix with a separate, free-standing, two-story “owner’s” unit at the front of the property featuring 3 bed & 2.5 bath. The other 3 units consist of two, tri-level, 2 bed & 1.5 bath units and one upstairs 1 bed & 1 bath unit. The GIANT, front 3 bed/2.5 bath Unit has been recently remodeled with a large living room with cathedral ceilings & open beams, large kitchen with eat-in area, another formal dining room (or family room,) a ½ bath, and direct access to an outside, private patio on the first floor. Upstairs is a laundry area with W/D hookups and all 3 bedrooms. The first two bedrooms are both good sized, have large closets, and share a Jack & Jill bathroom with the second bedroom featuring its own sink. The third bedroom is a true master suite, with it’s own ¾ bath & large walk-in closet. This unit also features its own, separate 3 car attached garage with direct access to unit. Unit also features. All three of the units at the back of the property have ground-level entryways and feature their own back yard. There is a leased, coin-operated laundry room for these units that generates more income and assigned garage spaces as well. DRIVE BY ONLY....DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS! Submit offers “subject to inspection.”

Last Agent to Sell the Property

Anthony Calvin

Keller and Associates Realty License #01751610 Listed on: 08/28/2018

Last Buyer's Agent

Anthony Calvin

Keller and Associates Realty License #01751610 Listed on: 08/28/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,140

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 7,503 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Back and Front Yard

Parking

  • 6 Car Direct Access Garage
  • 2 Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Flat Roof Shape
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,954 Sq Ft Home
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Family Room
  • City Lights Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 207
  • Assessor Parcel Number 4156003016

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $715
  • Fuel Expense $1,230
  • Gardener Expense $960
  • Insurance Expense $2,600
  • Other Expense $80
  • Pest Control $522
  • Trash Expense $990
  • Water Sewer Expense $2,100
  • New Taxes Expense $33,750
  • Operating Expense $42,947
  • Gross Income $121,520
  • Net Operating Income $78,573

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,140

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.58
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: RBR-3
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4156003016
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Stone Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 397.66
  • Room Type: Family Room, Jack & Jill, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Composition, Flat
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Direct Garage Access, Garage Faces Rear, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Inside
  • Pest Control Expense: 522.00
  • Sewer: Public Sewer
  • Trash Expense: 990.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 715.00
  • Fuel Expense: 1230.00
  • Gross Income: 121520.00
  • Gross Scheduled Income: 121520.00
  • Insurance Expense: 2600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1520.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 78573.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 42947.00
  • Other Expense: 80.00
  • Rent Control: No
  • Total Actual Rent: 10000.00
  • Total Expenses: 42947.00

Tax Info

  • New Taxes Expense: 33750.00
  • Tax Census Tract: 6207.01
  • Tax Lot: 23
  • Tax Tract Number: 207.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Dec 18, 2018
Sold by
Parker Antonia A and Parker Antonia A
Bought by
Barcelona Lnvestment Inc
Seller's Agent
Anthony Calvin
Keller and Associates Realty
Buyer's Agent
Anthony Calvin
Keller and Associates Realty
List Price
$2,250,000
Sold Price
$1,970,000
Premium/Discount to List
-$280,000
-12.44%
Current Estimated Value
$2,701,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,048
Avg. Annual Appreciation
5.03%

Purchase Details

Closed on
Jun 27, 2016
Sold by
Parker Antonia A and A A G P Family Trust
Bought by
Parker Antonia A and A A G P Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2016
Sold by
Parker Antonia A
Bought by
Aa G P Family Trust

Purchase Details

Closed on
Apr 25, 2016
Sold by
Parker Antonia A and The Thomas Eugene Parker Trust
Bought by
Parker Antonia A

Purchase Details

Closed on
May 30, 2001
Sold by
Parker Thomas E
Bought by
Parker Thomas Eugene and Thomas Eugene Parker Trust

Purchase Details

Closed on
Oct 20, 1998
Sold by
Parker Thomas E
Bought by
Parker Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.25%

Purchase Details

Closed on
Dec 29, 1997
Sold by
Parker Antonia A
Bought by
Parker Thomas E
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
Barcelona Lnvestment Inc $1,970,000 Fidelity National Title
Parker Antonia A -- None Available
Aa G P Family Trust -- None Available
Parker Antonia A -- None Available
Parker Thomas Eugene -- --
Parker Thomas E -- Fidelity National Title Ins
Parker Thomas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Antonia A $612,500
Previous Owner Parker Thomas E $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Sold $1,970,000 0.0% $398 / Sq Ft
11/26/2018 11/26/18 Off Market $1,970,000 -- --
10/09/2018 10/09/18 Price Changed $2,195,000 -2.4% $443 / Sq Ft
08/28/2018 08/28/18 For Sale $2,250,000 -- $454 / 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 $25,140 $2,197,565 $1,539,413 $658,152
2024 $25,140 $2,154,477 $1,509,229 $645,248
2023 $24,677 $2,112,234 $1,479,637 $632,597
2022 $24,346 $2,070,819 $1,450,625 $620,194
2021 $23,762 $2,030,216 $1,422,182 $608,034
2020 $23,794 $2,009,400 $1,407,600 $601,800
2019 $24,337 $2,062,987 $1,061,208 $1,001,779
2018 $23,695 $2,022,537 $1,040,400 $982,137
2016 $4,308 $280,650 $88,563 $192,087
2015 $4,236 $276,435 $87,233 $189,202
2014 $4,210 $271,021 $85,525 $185,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18209689

California Regional Multiple Listing Service (CRMLS)

APN: 4156-003-016