NOT LISTED FOR SALE

2010 Morgan Ln Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,227,000 - $3,205,223

10 Beds
6 Baths
4,770 Sq Ft
$556/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $2,000,000 $419 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $16,119/month

13 Days on Market

Highlights

  • Primary Bedroom Suite
  • No HOA
  • Carpet
  • Jefferson Elementary School Rated A+
  • Laundry Room
  • 5-minute walk to Fulton Playfield

About This Home

As of June 2016

Exceptional investment opportunity to own four units in a prime section of Redondo Beach. This is a trophy complex that offers a great unit mix with two 3-bedroom units and two 2-bedroom units. This is a highly desirable location on a quiet block with big upside in rent potential. See the agent remarks!!!

Last Agent to Sell the Property

Tony Nafissi

Berkshire Hathaway HomeServices California Properties License #01129463 Listed on: 04/05/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Tony Nafissi

Berkshire Hathaway HomeServices California Properties License #01129463 Listed on: 04/05/2016

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,508 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,770 Sq Ft Home
  • Asphalt Roof
  • Clay Roof

Kitchen

  • Electric Oven
  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Primary Bedroom Suite
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 7
  • Assessor Parcel Number 4159016015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $700
  • Insurance Expense $2,052
  • Trash Expense $1,600
  • Water Sewer Expense $3,000
  • New Taxes Expense $23,125
  • Gross Income $8,670
  • Net Operating Income $71,565

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.80
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 3000.00
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 4159016015
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 419.29
  • Room Type: Master Suite

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Clay
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Disposal
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 7508.00
  • Price Per Lot Square Foot: 266.38

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 8670.00
  • Gross Scheduled Income: 104040.00
  • Insurance Expense: 2052.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 71565.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 32475.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
May 12, 2016
Sold by
Reilly Richard P
Bought by
Tang Wai Leng
Seller's Agent
Tony Nafissi
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Tony Nafissi
Berkshire Hathaway HomeServices California Properties
List Price
$1,850,000
Sold Price
$2,000,000
Premium/Discount to List
$150,000
8.11%
Current Estimated Value
$2,652,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,806
Avg. Annual Appreciation
2.98%

Purchase Details

Closed on
Mar 10, 2016
Sold by
Reilly Richard
Bought by
Reilly Richard P and Richard P Reilly Living Trust

Purchase Details

Closed on
Sep 10, 2010
Sold by
Shane John R and Shane Beverly L
Bought by
Reilly Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2010
Sold by
Reilly Cynthia
Bought by
Reilly Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
Shane John and Shane Beverly
Bought by
Shane John R

Purchase Details

Closed on
Apr 27, 2005
Sold by
Arriola Sergio and Arriola Bernardina
Bought by
Shane John

Purchase Details

Closed on
Apr 12, 2005
Sold by
Arriola Sergio and Arriola Bernardina
Bought by
Arriola Sergio
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
Tang Wai Leng $1,995,500 Ticor Title Company
Reilly Richard P -- None Available
Reilly Richard $1,180,000 Usa National Title Co
Reilly Richard -- Usa National Title Co
Shane John R -- None Available
Shane John $1,310,000 Lawyers Title
Arriola Edward -- Lawyers Title
Arriola Sergio -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reilly Richard $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $2,000,000 +8.1% $419 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $1,850,000 -- $388 / 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 $26,971 $2,367,588 $1,183,794 $1,183,794
2024 $26,971 $2,321,166 $1,160,583 $1,160,583
2023 $26,473 $2,275,654 $1,137,827 $1,137,827
2022 $26,117 $2,231,034 $1,115,517 $1,115,517
2021 $25,491 $2,187,290 $1,093,645 $1,093,645
2019 $25,001 $2,122,816 $1,061,208 $1,061,608
2018 $24,333 $2,081,200 $1,040,400 $1,040,800
2016 $15,484 $1,277,065 $1,060,614 $216,451
2015 $15,201 $1,257,883 $1,044,683 $213,200
2014 $15,011 $1,233,244 $1,024,220 $209,024
Source: Public Records

Agents Affiliated with this Home

  • Tony Nafissi

    Seller's Agent in 2016

    Tony Nafissi

    Berkshire Hathaway HomeServices California Properties

    (310) 408-0333

    1 in this area

    19 Total Sales

    Tony Nafissi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16072566

California Regional Multiple Listing Service (CRMLS)

APN: 4159-016-015

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2010 Morgan Ln, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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