NOT LISTED FOR SALE

2003 Gates Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood
4 Beds
2 Baths
1,957 Sq Ft
7,499 Sq Ft Lot

Last Sold November 25, 2019

Last sale price $1,250,000 $639 Per Sq Ft

18 Days on Market

Highlights

  • Laundry Room
  • Lincoln Elementary School Rated A+
  • Front Yard

About This Home

As of November 2019

2003 Gates Ave is a North Redondo Beach duplex that features 1,957 SF of living space on a 7,499 SF lot, located just two blocks from Manhattan Beach. Built in 1947, this property has been well-maintained and contains a landscaped yard and a large driveway with a detached 2-car garage. The front 3-bed/1-bath unit features a front yard area and shared back patio; the rear 1-bed/1-bath unit also includes its own private yard and will be delivered vacant. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historical low. Hitting the market for the first time since 1969, 2003 Gates Ave is an excellent owner-user buy, allowing for an owner to live in one unit and enjoy the top of the market rental income from the other.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 10/18/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Rami Elm

Beach City Brokers License #01434630

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,957 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 14 / 68
  • Assessor Parcel Number 4155006015

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $783
  • Maintenance Expense $1,314
  • Other Expense $1,600
  • New Taxes Expense $16,214
  • Operating Expense $21,110
  • Gross Income $43,800
  • Net Operating Income $22,690

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4155006015
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 638.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

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

Multi Family

  • Gross Income: 43800.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 783.00
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 1314.00
  • Net Operating Income: 22690.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21110.00
  • Other Expense: 1600.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 21110.00

Tax Info

  • New Taxes Expense: 16214.00
  • Tax Block: 68
  • Tax Census Tract: 6205.22
  • Tax Lot: 14
  • Tax Tract Number: B

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2019 11/25/19 Sold $1,250,000 -7.4% $639 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $1,350,000 -- $690 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2019

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    7 in this area

    144 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2019

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    10 in this area

    152 Total Sales

    Woody Stahl
    Section Image
  • Rami Elm

    Buyer's Agent in 2019

    Rami Elm

    Beach City Brokers

    (310) 947-1180

    5 in this area

    40 Total Sales

    Rami Elm
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19246291

California Regional Multiple Listing Service (CRMLS)

APN: 4155-006-015

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2003 Gates Ave, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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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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