NOT LISTED FOR SALE

Estimated Value: $1,965,000 - $2,544,721

8 Beds
5 Baths
3,498 Sq Ft
$648/Sq Ft Est. Value

Last Sold June 25, 2019

Last sale price $1,750,000 $500 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $13,925/month

18 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 4-minute walk to Gregg Parkette
  • Jefferson Elementary School Rated A+

About This Home

As of June 2019

Preference is to be sold along with neighboring property at 2006 Marshallfield Ln. Presenting 2006 & 2008 Marshallfield Ln. This unique package deal includes two separately parceled side-by-side triplexes each on it's own 7,500 sqft, R2 lot, to offer 15,000 sqft of land. Each property consists of (1) 3-bedroom 2-bath front house, (1) 3-bedroom 1.5-bath townhouse style unit, and (1) 2-bedroom 1-bath unit. All units are well kept with private washer & dryers. There are 5-garage spaces on each lot with additional parking on-site. Opportunities to own this large of a piece of Redondo Beach do not come around often!

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 04/19/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Bob Harger

BerkshireHathaway HomeServices License #00884972

BerkshireHathaway HomeServices

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,391

Year Built

  • Built in 1963

Lot Details

  • 7,503 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 3,498 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 6207
  • Assessor Parcel Number 4159003008

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $650
  • Insurance Expense $2,458
  • Trash Expense $800
  • Water Sewer Expense $950
  • New Taxes Expense $22,313
  • Operating Expense $28,846
  • Gross Income $75,240
  • Net Operating Income $46,394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,391

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 950.00
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Parcel Number: 4159003008
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 500.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 75240.00
  • Gross Scheduled Income: 75240.00
  • Insurance Expense: 2458.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 46394.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 28846.00
  • Rent Control: No
  • Total Expenses: 28846.00

Tax Info

  • New Taxes Expense: 22313.00
  • Tax Census Tract: 6207.02
  • Tax Lot: 8
  • Tax Tract Number: 6207

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2021
Sold by
Xu Hao and Jia Jinyu
Bought by
Xu Hao and Jia Jinyu
Current Estimated Value
$2,267,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,000
Outstanding Balance
$646,892
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$1,721,165

Purchase Details

Closed on
Nov 1, 2019
Sold by
Xu Hao and Jia Jinyu
Bought by
Xu Hao and Jia Jinyu

Purchase Details

Listed on
Apr 19, 2019
Closed on
Jun 12, 2019
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Xu Hao and Jia Jinyu
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Bob Harger
BerkshireHathaway HomeServices
List Price
$1,785,000
Sold Price
$1,750,000
Premium/Discount to List
-$35,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$740,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2009
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Joseph Howard L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Xu Hao -- Accommodation
Xu Hao -- Fidelity National Title Co
Xu Hao -- None Available
Xu Hao $1,750,000 Fidelity National Title
Joseph Howard L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Hao $722,000
Closed Xu Hao $740,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2019 06/25/19 Sold $1,750,000 -2.0% $500 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $1,785,000 -- $510 / 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 $23,391 $1,952,153 $1,450,172 $501,981
2024 $23,391 $1,913,877 $1,421,738 $492,139
2023 $22,968 $1,876,351 $1,393,861 $482,490
2022 $22,535 $1,839,561 $1,366,531 $473,030
2021 $21,921 $1,803,492 $1,339,737 $463,755
2020 $21,879 $1,785,000 $1,326,000 $459,000
2019 $3,402 $129,837 $48,542 $81,295
2018 $3,164 $127,292 $47,591 $79,701
2016 $3,021 $122,351 $45,744 $76,607
2015 $2,986 $120,514 $45,057 $75,457
2014 $2,949 $118,154 $44,175 $73,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19089527

California Regional Multiple Listing Service (CRMLS)

APN: 4159-003-008