NOT LISTED FOR SALE

Estimated Value: $1,749,000 - $2,054,255

5 Beds
3 Baths
2,009 Sq Ft
$947/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $1,725,000 $859 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $11,876/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Living Room
  • Lincoln Elementary School Rated A+
  • Tile Countertops
  • Laundry Room

About This Home

As of October 2021

Incredible opportunity in prime North Redondo Beach. 2 freestanding homes in the coveted TRW Tract. Situated on a huge (7,499 sq ft) R2 CORNER lot, each home has their own address, fenced yards and separate utility meters. Perfect as an investment or to live in one and rent out the other. The 3 Bedroom 2 Bathroom (entrance on Curtis Avenue) has a 2-car garage and an extra-long driveway. The 2 Bedroom 1 Bathroom (entrance on Green Lane) has a carport with storage shed. This centrally located Redondo Beach neighborhood is just blocks from Manhattan Beach, upscale shopping, fantastic restaurants, wonderful parks and award-winning Redondo Schools. Under 4 miles to the I-405 and under 3 miles to the beach. Full of potential and opportunity to either renovate or rebuild. DRIVE BY ONLY - Please do not disturb tenants, thanks.

Last Agent to Sell the Property

Nancy Bush

Lyon Stahl Investment Real Estate, Inc. License #00962565 Listed on: 09/02/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Nancy Bush

Lyon Stahl Investment Real Estate, Inc. License #00962565 Listed on: 09/02/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,372

Year Built

  • Built in 1962

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Partially Fenced Property
  • Corner Lot

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,009 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Tile Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Legal Lot and Block 13 / 73
  • Assessor Parcel Number 4155011013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,084
  • New Taxes Expense $20,065
  • Operating Expense $21,749
  • Gross Income $54,000
  • Net Operating Income $30,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,372

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 837500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: RBR-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4155011013
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 858.64
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 925 Square Feet
  • Average3 Bed Area: 1084 Square Feet
  • Gross Income: 54000.00
  • Gross Operating Income: 52380.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1084.00
  • Lot Size Area: 7499.0000 Square Feet
  • Net Operating Income: 30631.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 21749.00
  • Rent Control: Yes
  • Total Actual Rent: 4500.00
  • Total Expenses: 21749.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20065.00
  • Tax Block: 73
  • Tax Census Tract: 6205.22
  • Tax Lot: 13
  • Tax Tract Number: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Sep 20, 2021
Sold by
Christense Lynn Pethley and Donald R Pethley Family Trust
Bought by
Huynh Phu S and Nguyen Hanh M
Seller's Agent
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,675,000
Sold Price
$1,725,000
Premium/Discount to List
$50,000
2.99%
Current Estimated Value
$1,843,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,857
Avg. Annual Appreciation
2.63%
Original Mortgage
$912,990
Outstanding Balance
$862,856
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,040,208

Purchase Details

Closed on
Jul 26, 2004
Sold by
Pethley Donald R
Bought by
Pethley Donald R and Donald R Pethley Family 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
Huynh Phu S $1,725,000 Wfg National Title Company
Pethley Donald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynh Phu S $912,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $1,725,000 +3.0% $859 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $1,675,000 -- $834 / 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 $21,372 $1,830,583 $1,273,449 $557,134
2024 $21,372 $1,794,690 $1,248,480 $546,210
2023 $20,981 $1,759,500 $1,224,000 $535,500
2022 $20,617 $1,725,000 $1,200,000 $525,000
2021 $3,374 $170,696 $92,179 $78,517
2020 $3,327 $169,546 $91,234 $78,312
2019 $3,234 $166,235 $89,446 $76,789
2018 $3,029 $162,989 $87,693 $75,296
2016 $2,913 $156,086 $84,289 $71,797
2015 $2,874 $153,742 $83,023 $70,719
2014 $2,838 $150,731 $81,397 $69,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21193754

California Regional Multiple Listing Service (CRMLS)

APN: 4155-011-013