NOT LISTED FOR SALE

2009 Bataan Rd Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $1,682,000 - $2,582,085

4 Beds
2 Baths
2,357 Sq Ft
$876/Sq Ft Est. Value

Last Sold November 18, 2014

Last sale price $957,500 $406 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $12,015/month

15 Days on Market

Highlights

  • Above Ground Spa
  • Wood Flooring
  • 4 Car Direct Access Garage
  • Lincoln Elementary School Rated A+
  • Beamed Ceilings
  • Built-In Features

About This Home

As of November 2014

Rare Opportunity for A Highly In Demand N. Redondo Duplex On A Full 7500 SF flat Lot!
Located in best part of N. Redondo close to Aviation and MB Blvd! Fantastic opportunity for an investor to buy and hold! These lots are always in demand for building 2-on-a-lots and currently both units are rented for great rental income! Everything about this property lends to great long term rental income as rents continue to rise. Here are the details: 2 units, total square feet 2357. Rear unit about 1000 SF sits above 2 separate, 2-Car garages and is 2 bed, 1.5 bath rented mo/mo currently. There's lots of additional off street parking with this one, not including the 2, 2 car garages, which is really rare for the area. Front unit about 1357 SF 2 bedroom + family room, 1.75 bath has outside deck and is currently rented. Both units are in good overall condition and have been maintained well. Do Not Disturb Tenants. Make offers subject to inspection. 60 day required notice for rear occupants to move. Front unit has +- 10 mo. left.

Last Agent to Sell the Property

Michael Weber

Keller Williams South Bay License #01949818 Listed on: 09/17/2014

Keller Williams South Bay

Co-Listed By

Anil Datta

Vista Sotheby's International Realty License #00946244

Last Buyer's Agent

Michael Weber

Keller Williams South Bay License #01949818 Listed on: 09/17/2014

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 2,357 Sq Ft Home
  • Built-In Features
  • Beamed Ceilings
  • Family Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Trash Compactor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Above Ground Spa
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • 220 Volts For Spa
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Assessor Parcel Number 4150011019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $600
  • New Taxes Expense $12,488
  • Gross Income $49,800
  • Net Operating Income $39,537

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 4150011019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 406.24
  • Spa Features: Above Ground

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Trash Compactor
  • Electric: 220 Volts in Garage, 220 Volts For Spa, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 49800.00
  • Gross Scheduled Income: 49800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7499.0000 Square Feet
  • Net Operating Income: 39537.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10263.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12488.00
  • Tax Lot: 17
  • Tax Tract Number: B
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2014
Closed on
Oct 3, 2014
Sold by
Madden Greg
Bought by
Brown David
Seller's Agent
Michael Weber
Keller Williams South Bay
Buyer's Agent
Michael Weber
Keller Williams South Bay
List Price
$999,000
Sold Price
$957,500
Premium/Discount to List
-$41,500
-4.15%
Current Estimated Value
$2,064,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,107,271
Avg. Annual Appreciation
7.15%
Original Mortgage
$651,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2003
Sold by
Madden Greg
Bought by
Madden Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2001
Sold by
Madden Glendee S
Bought by
Madden Gregg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
6.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Brown David $957,500 Orange Coast Title
Madden Greg -- Fidelity National Title Co
Madden Gregg -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown David $651,000
Previous Owner Madden Greg $60,000
Previous Owner Madden Gregg $55,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2014 11/18/14 Sold $957,500 -4.2% $406 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
09/17/2014 09/17/14 For Sale $999,000 -- $424 / 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 $14,753 $1,216,535 $789,611 $426,924
2024 $14,753 $1,192,682 $774,129 $418,553
2023 $14,490 $1,169,297 $758,950 $410,347
2022 $14,214 $1,146,370 $744,069 $402,301
2021 $13,820 $1,123,893 $729,480 $394,413
2020 $13,790 $1,112,370 $722,001 $390,369
2019 $13,472 $1,090,560 $707,845 $382,715
2018 $12,507 $1,022,677 $693,966 $328,711
2016 $11,977 $971,594 $667,019 $304,575
2015 $11,765 $957,000 $657,000 $300,000
2014 $8,293 $642,942 $443,939 $199,003
Source: Public Records

Agents Affiliated with this Home

  • Michael Weber

    Seller's Agent in 2014

    Michael Weber

    Keller Williams South Bay

    (424) 237-8570

    2 in this area

    18 Total Sales

    Michael Weber
    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Anil Datta

    Vista Sotheby's International Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14225436

California Regional Multiple Listing Service (CRMLS)

APN: 4150-011-019

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2009 Bataan Rd, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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