NOT LISTED FOR SALE

2005 Mathews Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,003,000

5 Beds
2 Baths
2,719 Sq Ft
$737/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $1,520,000 $559 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $12,200/month

13 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • 1-minute walk to Mathews Parkette
  • Madison Elementary School Rated A+

About This Home

As of May 2021

2 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

Co-Listed By

Vincenzo Altamura

S C Real Estate License #01901957

Last Buyer's Agent

Vincenzo Altamura

S C Real Estate License #01901957

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,971

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Parcel Number: 4155027013
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 559.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7510.00
  • Lot Size Acres: 0.1724

Multi Family

  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 7510.0000 Square Feet
  • Net Operating Income: 25007.00
  • 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: 7393.00
  • Rent Control: Yes
  • Total Expenses: 7393.00

Tax Info

  • New Taxes Expense: 1393.00
  • Tax Block: 101
  • Tax Census Tract: 6205.22
  • Tax Lot: 15
  • Tax Tract Number: B

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%
Current Estimated Value
$2,003,000

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
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
Hayati Aref A $1,520,000 Ticor Title Company Of Ca
Thornton Linda Lou -- None Available
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

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
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

  • John Altamura

    Seller's Agent in 2021

    John Altamura

    S C Real Estate

    (310) 291-5603

    2 in this area

    32 Total Sales

    John Altamura
    Section Image
  • Vincenzo Altamura

    Seller Co-Listing Agent in 2021

    Vincenzo Altamura

    S C Real Estate

    (310) 562-4131

    5 in this area

    53 Total Sales

    Vincenzo Altamura
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21056203

California Regional Multiple Listing Service (CRMLS)

APN: 4155-027-013

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2005 Mathews Ave, Redondo Beach, CA

This home is located at 2005 Mathews Ave, Redondo Beach, CA 90278 since 17 March 2021 and is currently priced at $2,003,000, approximately $736 per square foot. This property was built in 1952. 2005 Mathews Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Adams 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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