NOT LISTED FOR SALE

1923 Belmont Ln Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,272,000 - $3,108,000

9 Beds
4 Baths
4,788 Sq Ft
$562/Sq Ft Est. Value

Last Sold November 20, 2013

Last sale price $1,370,000 $286 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $16,303/month

12 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 6 Car Garage
  • Jefferson Elementary School Rated A+
  • Laundry Room
  • 3-minute walk to Gregg Parkette

About This Home

As of November 2013

4-UNIT BUILDING: One 3-bdrm/1-3/4 bath and three 2-bdrm/1-1/2 bath units.
Corner lot. Six garage spaces. Separate electric meters. Appointment only. Subject to inspection.

Last Agent to Sell the Property

Adolph James

Beach City Brokers License #00389293 Listed on: 10/10/2013

Last Buyer's Agent

Allen Scarpetti

Allden Real Estate License #00761495

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,630

Year Built

  • Built in 1972

Lot Details

  • 7,503 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Paved or Partially Paved Lot

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 4,788 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Kitchen

  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 24 / 91
  • Tax Tract Number 1
  • Assessor Parcel Number 4159005024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $900
  • Insurance Expense $1,725
  • Maintenance Expense $12,000
  • Pest Control $950
  • Trash Expense $864
  • Water Sewer Expense $2,000
  • New Taxes Expense $16,200
  • Gross Income $6,180
  • Net Operating Income $36,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,630

Year Built

Built in 1972

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 2.73
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4159005024
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 286.13

Exterior Features

  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Disposal, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Inside
  • Pest Control Expense: 950.00
  • Trash Expense: 864.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999, Paved
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 6180.00
  • Gross Multiplier: 18.20
  • Gross Scheduled Income: 74160.00
  • Insurance Expense: 1725.00
  • Lot Size Area: 7503.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 36832.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 4
  • Operating Expense: 35103.00
  • Rent Control: No
  • Total Actual Rent: 6180.00
  • Vacancy Allowance: 2225
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16200.00
  • Tax Block: 91
  • Tax Lot: 24
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2015
Sold by
Ke Malcolm
Bought by
Kc Revocable Trust
Current Estimated Value
$2,691,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,600
Outstanding Balance
$671,551
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,972,098

Purchase Details

Listed on
Oct 10, 2013
Closed on
Nov 5, 2013
Sold by
The Reed Institute
Bought by
Ke Malcolm
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Allen Scarpetti
Allden Real Estate
List Price
$1,350,000
Sold Price
$1,370,000
Premium/Discount to List
$20,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$884,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2013
Closed on
Nov 4, 2013
Sold by
Camouse Melissa
Bought by
Ke Malcolm
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Allen Scarpetti
Allden Real Estate
List Price
$1,350,000
Sold Price
$1,370,000
Premium/Discount to List
$20,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2013
Closed on
Oct 9, 2013
Sold by
Dee Diana
Bought by
The Reed Institute and Reed Dee Charitable Remainder Unitrust
Seller's Agent
Adolph James
Beach City Brokers
Buyer's Agent
Allen Scarpetti
Allden Real Estate
List Price
$1,350,000
Sold Price
$1,370,000
Premium/Discount to List
$20,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kc Revocable Trust -- None Available
Ke Malcolm $1,370,000 Lawyers Title
Ke Malcolm -- Lawyers Title
The Reed Institute -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kc Revocable Trust $868,600
Closed Ke Malcolm $884,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2013 11/20/13 Sold $1,370,000 +1.5% $286 / Sq Ft
10/22/2013 10/22/13 Pending -- -- --
10/10/2013 10/10/13 For Sale $1,350,000 -- $282 / 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 $19,630 $1,679,422 $919,393 $760,029
2024 $19,630 $1,646,493 $901,366 $745,127
2023 $19,275 $1,614,210 $883,693 $730,517
2022 $19,020 $1,582,560 $866,366 $716,194
2021 $18,568 $1,551,530 $849,379 $702,151
2019 $18,216 $1,505,513 $824,187 $681,326
2018 $17,693 $1,475,994 $808,027 $667,967
2016 $17,118 $1,418,681 $776,651 $642,030
2015 $16,805 $1,397,372 $764,985 $632,387
2014 $16,591 $1,370,000 $750,000 $620,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Adolph James

    Beach City Brokers

  • A

    Buyer's Agent in 2013

    Allen Scarpetti

    Allden Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13206893

California Regional Multiple Listing Service (CRMLS)

APN: 4159-005-024

California Los Angeles County Redondo Beach 90278 North Redondo Beach

1923 Belmont Ln, Redondo Beach, CA

This home is located at 1923 Belmont Ln, Redondo Beach, CA 90278 since 10 October 2013 and is currently estimated at $2,691,862, approximately $562 per square foot. This property was built in 1972. 1923 Belmont 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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