NOT LISTED FOR SALE

2011 Nelson Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,339,000 - $2,761,825

9 Beds
8 Baths
4,376 Sq Ft
$585/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2016

Last sale price $1,608,500 $368 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $15,810 / mo

4 Days on Market

Highlights

  • View of Hills
  • Tile Flooring
  • 3-minute walk to Mathews Parkette
  • Lincoln Elementary School Rated A+
  • Level Lot

About This Home

As of January 2016

An 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

Darren Chehrazi

Estate Properties License #01250268 Listed on: 11/22/2015

Estate Properties

Last Buyer's Agent

John Farin

Keller Williams Beverly Hills License #01749021

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

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 in unit
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

7,494 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4155022017
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 367.57

Exterior Features

  • View: Hills
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community, Gas Dryer Hookup
  • Trash Expense: 1370.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7494.00
  • Price Per Lot Square Foot: 214.64
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 585.00
  • Gross Income: 6975.00
  • Gross Scheduled Income: 83550.00
  • Insurance Expense: 1369.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7494.0000 Square Feet
  • Net Operating Income: 57465.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26085.00
  • Rent Control: No
  • Total Actual Rent: 6900.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Lot: 18
  • Tax Tract Number: 96

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2023
Sold by
Bought by
Current Estimated Value
$2,558,206

Purchase Details

Closed on
Sep 4, 2016
Sold by
Bought by

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
0.0348%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 22, 2015
Closed on
Dec 1, 2015
Sold by
Bought by
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
4.51%
Original Mortgage
$1,125,687
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2006
Sold by
Bought by

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
0.0646%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2001
Sold by
Bought by

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
0.0719%

Purchase Details

Closed on
May 6, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Wfg National Title
$1,608,500 Progressive Title Company
$1,425,000 Progressive Title Company
-- Stewart Title
$520,000 Benefit Land Title Company
-- First American
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,210,000
Previous Owner $1,245,000
Previous Owner $1,120,000
Previous Owner $1,125,687
Previous Owner $400,000
Previous Owner $500,000
Previous Owner $150,000
Previous Owner $464,000
Previous Owner $466,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,945 $1,903,539 $1,018,062 $885,477
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

    15 Total Sales

    Darren Chehrazi
    Section Image
  • John Farin

    Buyer's Agent in 2016

    John Farin

    Keller Williams Beverly Hills

    (310) 410-0072

    2 Total Sales

    John Farin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15251542

California Regional Multiple Listing Service (CRMLS)

APN: 4155-022-017

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2011 Nelson Ave, Redondo Beach, CA

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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