2011 Nelson Ave Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated Value: $2,430,000 - $3,007,000
9
Beds
8
Baths
4,376
Sq Ft
$605/Sq Ft
Est. Value
Highlights
- View of Hills
- Laundry Room
- Level Lot
- Lincoln Elementary School Rated A+
- Tile Flooring
- 3-minute walk to Mathews Parkette
About This Home
As of January 2016An exceptional and rare opportunity; a 4-unit building in a desirable neighborhood in Redondo Beach that has undergone major renovations by the owner. Close to newly built town houses and only a few blocks to Manhattan Beach. Community coin operating laundry with washer dryer for 3 units and large water heater. This property offers a great unit mix with a large 3 bed 2 bath, with inside laundry, making it a perfect owner/investor property with lots of upside for rent potential,(current rents are well below the market). All units are bright & airy with updated kitchens, bathrooms, tiled floor,recessed lighting, and all have a patio or large balcony. Close to shopping and freeway. Interior inspection with accepted offer.
___________________________________________________________________
Last Agent to Sell the Property
Estate Properties License #01250268 Listed on: 11/22/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,952
Year Built
- Built in 1968
Lot Details
- 7,494 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 6 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,376 Sq Ft Home
- Views of Hills
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Location
- Urban Location
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 96
- Assessor Parcel Number 4155022017
Community Details
Building Details
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $585
- Gardener Expense $900
- Insurance Expense $1,369
- Trash Expense $1,370
- Water Sewer Expense $1,320
- New Taxes Expense $19,800
- Gross Income $6,975
- Net Operating Income $57,465
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 27, 2023
Sold by
James Carl Wald And Azadeh Farin Living
Bought by
2011 Nelson Ave Llc
Total Days on Market
4
Current Estimated Value
Purchase Details
Closed on
Sep 4, 2016
Sold by
Wald James C and Farin Azadeh
Bought by
Wald James Carl and Farin Azadeh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.48%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 22, 2015
Closed on
Dec 1, 2015
Sold by
Bogsara Hassan and Bogsara Sima
Bought by
Wald James C and Farin Azadeh
Seller's Agent
Darren Chehrazi
Estate Properties
Buyer's Agent
John Farin
Keller Williams Beverly Hills
List Price
$1,650,000
Sold Price
$1,608,500
Premium/Discount to List
-$41,500
-2.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,125,687
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2006
Sold by
Anene Olisaemeka Chukwuka
Bought by
Bogsara Hassan and Bogsara Sima
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 7, 2001
Sold by
Anene Olisaemeka Chukwuka and Anene Endee Dennis
Bought by
Anene Olisaemeka Chukwuka
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,500
Interest Rate
7.19%
Purchase Details
Closed on
May 6, 1999
Sold by
Lee Gee S and Lee Gim King
Bought by
Anene Olisaemeka Chukwuka
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
8.95%
Purchase Details
Closed on
Jan 16, 1997
Sold by
Lee Susanna Mei Yung and Lee Kevin K
Bought by
Lee Gee Sing and Lee Gim King
Similar Homes in Redondo Beach, CA
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2011 Nelson Ave Llc | -- | None Listed On Document | |
| Wald James Carl | -- | Wfg National Title | |
| Wald James C | $1,608,500 | Progressive Title Company | |
| Bogsara Hassan | $1,425,000 | Progressive Title Company | |
| Anene Olisaemeka Chukwuka | -- | Stewart Title | |
| Anene Olisaemeka Chukwuka | $520,000 | Benefit Land Title Company | |
| Lee Gee Sing | -- | First American |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wald James Carl | $1,210,000 | |
| Previous Owner | Wald James Carl | $1,245,000 | |
| Previous Owner | Wald James C | $1,120,000 | |
| Previous Owner | Wald James C | $1,125,687 | |
| Previous Owner | Bogsara Hassan | $400,000 | |
| Previous Owner | Anene Olisaemeka Chukwuka | $500,000 | |
| Previous Owner | Anene Olisaemeka Chukwuka | $150,000 | |
| Previous Owner | Anene Olisaemeka Chukwuka | $464,000 | |
| Previous Owner | Anene Olisaemeka Chukwuka | $466,500 | |
| Previous Owner | Anene Olisaemeka Chukwuka | $404,000 | |
| Closed | Anene Olisaemeka Chukwuka | $50,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2016 01/13/16 | Sold | $1,608,500 | -2.5% | $368 / Sq Ft |
| 11/26/2015 11/26/15 | Pending | -- | -- | -- |
| 11/22/2015 11/22/15 | For Sale | $1,650,000 | -- | $377 / 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 |
|---|---|---|---|---|
| 2024 | $21,952 | $1,866,215 | $998,100 | $868,115 |
| 2023 | $21,551 | $1,829,624 | $978,530 | $851,094 |
| 2022 | $21,263 | $1,793,750 | $959,344 | $834,406 |
| 2021 | $20,758 | $1,758,580 | $940,534 | $818,046 |
| 2019 | $20,361 | $1,706,421 | $912,638 | $793,783 |
| 2018 | $19,793 | $1,672,963 | $894,744 | $778,219 |
| 2016 | $17,507 | $1,460,000 | $1,323,900 | $136,100 |
| 2015 | $17,429 | $1,460,000 | $1,323,900 | $136,100 |
| 2014 | $16,429 | $1,362,000 | $1,235,000 | $127,000 |
Source: Public Records
Agents Affiliated with this Home
-
Darren Chehrazi
Seller's Agent in 2016
Darren Chehrazi
RE/MAX
(310) 930-6789
21 Total Sales
-
John Farin
Buyer's Agent in 2016
John Farin
Keller Williams Beverly Hills
(310) 410-0072
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15251542
APN: 4155-022-017
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