NOT LISTED FOR SALE
11 Beds
7 Baths
5,355 Sq Ft
7,510 Sq Ft Lot

Last Sold March 25, 2021

Last sale price $2,520,000 $471 Per Sq Ft

10 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Living Room Balcony
  • Birney Elementary School Rated A+
  • Corner Lot
  • 4-minute walk to Mathews Parkette

About This Home

As of March 2021

Well Maintained 6 Unit Building with 1-2Br, 2Ba; 4-2Br, 1Ba; 1-1Br, 1Ba. Each unit has dishwasher & stove, newer windows and doors, central heat, laundry hookups in private garages plus common laundry room. 3 Units have balconies. The 2 bedrooms have 1 car garage, 1br has a parking pad. The first floor units have hardwood floors. All units have new Italian tile floors in kitchens and baths with tile countertops. There is detached a 4 car garage that owner uses for storage; can be rented separately. Property has copper plumbing, new sewer line, newer roof, recently painted. Gated building. Central water heater. Rents haven't been raised in 2020. Room for increases. Corner lot located in fantastic North Redondo neighborhood, 2.5 miles to beach, close to restaurants, shopping, parks, transportation. Stated Expenses are Actual expenses but maintenance expense is low due to "Hands On" landlord. Do not disturb tenants.

Last Agent to Sell the Property

Terry Ballentine

Estate Properties License #00588883 Listed on: 01/08/2021

Estate Properties

Last Buyer's Agent

Brian Estes

License #01394559

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 7,509 Sq Ft Lot
  • Lot Dimensions are 50x150
  • East Facing Home
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Sprinkler System

Parking

  • 9 Car Attached Garage
  • 1 Open Parking Space

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,355 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Oven or Range
  • Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in Garage
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony
  • Open Patio
  • Rain Gutters

Utilities

  • Central Heating
  • Property is located within a water district
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for gardener, water, gas, electricity
  • Assessor Parcel Number 4156-003-017

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Vacancy Allowance $4,607

Property Details

Home Type

Multi-Family

Year Built

Built in 1970 | Remodeled

Lot Details

7,509 Sq Ft Lot

Parking

9

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Well Maintained 6 Unit Building with 1-2Br, 2Ba; 4-2Br, 1Ba; 1-1Br, 1Ba. Each unit has dishwasher & stove, newer windows and doors, central heat, laundry hookups in private garages plus common laundry room. 3 Units have balconies. The 2 bedrooms have 1 car garage, 1br has a parking pad. The first floor units have hardwood floors. All units have new Italian tile floors in kitchens and baths with tile countertops. There is detached a 4 car garage that owner uses for storage; can be rented separately. Property has copper plumbing, new sewer line, newer roof, recently painted. Gated building. Central water heater. Rents haven't been raised in 2020. Room for increases. Corner lot located in fantastic North Redondo neighborhood, 2.5 miles to beach, close to restaurants, shopping, parks, transportation. Stated Expenses are Actual expenses but maintenance expense is low due to "Hands On" landlord. Do not disturb tenants.
  • Alley: Yes
  • Living Area: 5355
  • Lot Acreage: 0.1724
  • Lot Dimensions: 50x150
  • Price Per Unit: 425000.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1970
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Living Room Balcony
  • Number Carpet: 6
  • Number Dishwasher: 6
  • Number Disposal: 6
  • Flooring: Hardwood, Carpet, Tile
  • Appliances: Free Standing Gas, Range
  • Bedrooms: 11
  • Bathroom Features: Tile
  • Kitchen Features: Tile Counters
  • Laundry: Garage, Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 7.00
  • Equipment: Dishwasher, Range/Oven, Gas Or Electric Dryer Hookup, Garbage Disposal
  • Price Per S Q F T: 476.19
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Balcony, Sprinkler System, Rain Gutters, Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 2
  • Patio: Balcony, Patio Open
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 9
  • Other Spaces: 1
  • Covered Parking: 9
  • Garage Structures: 1
  • Parking Garage: Garage Is Attached, Garage - 4+ Car
  • Total Parking: 9

Utilities

  • Volt 220: In Garage
  • Water Heater: Gas, Central Water Heater
  • Electric Expense: 382.00
  • Heating: Central
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street Paid
  • Water: District
  • Water Expense: 2471.00

Fee Information

  • Gas Expense: 1574.00
  • Insurance Expense: 2510.00
  • Maintenance Expense: 13585.00
  • Trash Expense: 1510.00

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 73.08
  • Assessed Improvement Value: 533266
  • Assessed Land Percent: 26.92
  • Assessed Land Value: 196461
  • Total Assessed Value: 729727
  • Assessor Parcel Number: 4156-003-017
  • Lot Description: Lot Shape-Rectangular, Lot-Level/Flat, Street Paved, Street Lighting, Single Lot, Sidewalks
  • Lot Location: Corner Lot
  • Lot Size Area: 7509

Rental Info

  • Number Leased: 6
  • Total Actual Rent: 153588.00
  • Monthly Gross Income: 12799.00
  • Owner Pays: Gardener, Water, Gas, Electricity
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 16.60
  • Gross Scheduled Income: 153588.00
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: Apartments
  • Vacancy Allow: 4607
  • Vacancy Allow Percent: 3.00

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 10973.00
  • Tax New: 23250.00
  • Tax Percent: 1.20
  • Tax Rate Year: 2020

MLS Schools

  • School District: Redondo Unified
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $2,520,000 -1.2% $471 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $2,550,000 -- $476 / Sq Ft
Source: The MLS

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 $31,750 $4,692,000 $1,876,800 $2,815,200
2024 $31,750 $2,674,243 $1,379,570 $1,294,673
2023 $31,173 $2,621,808 $1,352,520 $1,269,288
2022 $30,761 $2,570,400 $1,326,000 $1,244,400
2021 $10,964 $782,410 $210,643 $571,767
2020 $10,973 $774,389 $208,484 $565,905
2019 $10,774 $759,206 $204,397 $554,809
2018 $10,426 $744,321 $200,390 $543,931
2016 $10,027 $715,419 $192,609 $522,810
2015 $9,857 $704,673 $189,716 $514,957
2014 $9,768 $690,870 $186,000 $504,870
Source: Public Records

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Map

Source: The MLS

MLS Number: 21-676938

The MLS
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