2005 Mathews Ave Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated Value: $2,003,000
5
Beds
2
Baths
2,719
Sq Ft
$737/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Heating
- 1-minute walk to Mathews Parkette
- Madison Elementary School Rated A+
About This Home
As of May 20212 unit property on a full 50' x 150 ' south facing lot in North Redondo Beach. Front unit is vacant. Rents are below market value. This duplex has plenty of upside for an owner who can remodel both units for a "value add" investment, or develop the lot into 2 townhouses in the near future. Location is in close proximity to Manhattan and Hermosa Beach, which provides a great pool of quality tenants. All income and expenses to be verified during escrow.
Last Agent to Sell the Property
John Altamura
S C Real Estate License #00935435 Listed on: 03/17/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,971
Year Built
- Built in 1952
Lot Details
- 7,510 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- 2,719 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Additional Features
- Laundry Room
- Central Heating
Listing and Financial Details
- Legal Lot and Block 15 / 101
- Assessor Parcel Number 4155027013
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,600
- Trash Expense $1,200
- Water Sewer Expense $1,200
- New Taxes Expense $1,393
- Operating Expense $7,393
- Gross Income $32,400
- Net Operating Income $25,007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2021
Closed on
Apr 28, 2021
Sold by
Farmers & Merchants Tr Co Of Long Beach
Bought by
Hayati Aref A and Mohammadifar Nahid
Seller's Agent
John Altamura
S C Real Estate
Buyer's Agent
Vincenzo Altamura
S C Real Estate
List Price
$1,500,000
Sold Price
$1,520,000
Premium/Discount to List
$20,000
1.33%
Total Days on Market
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,000
Purchase Details
Closed on
Mar 29, 2012
Sold by
Thornton Linda Lou
Bought by
Thornton Linda Lou and Linda Lou Thornton Family Trus
Similar Homes in Redondo Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hayati Aref A | $1,520,000 | Ticor Title Company Of Ca | |
| Thornton Linda Lou | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Schneider Harriette C | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2021 05/13/21 | Sold | $1,520,000 | +1.3% | $559 / Sq Ft |
| 03/30/2021 03/30/21 | Pending | -- | -- | -- |
| 03/17/2021 03/17/21 | For Sale | $1,500,000 | -- | $552 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $18,971 | $1,581,408 | $1,144,440 | $436,968 |
| 2022 | $18,647 | $1,550,400 | $1,122,000 | $428,400 |
| 2021 | $2,583 | $102,767 | $59,762 | $43,005 |
| 2020 | $2,534 | $101,715 | $59,150 | $42,565 |
| 2019 | $2,457 | $99,722 | $57,991 | $41,731 |
| 2018 | $2,275 | $97,767 | $56,854 | $40,913 |
| 2016 | $2,174 | $93,973 | $54,648 | $39,325 |
| 2015 | $2,148 | $92,563 | $53,828 | $38,735 |
| 2014 | $2,123 | $90,751 | $52,774 | $37,977 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
John Altamura
S C Real Estate
(310) 291-5603
-
Vincenzo Altamura
Seller Co-Listing Agent in 2021
Vincenzo Altamura
S C Real Estate
(310) 562-4131
7 in this area
61 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21056203
APN: 4155-027-013
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