NOT LISTED FOR SALE

Estimated Value: $1,980,000 - $2,549,782

6 Beds
5 Baths
2,820 Sq Ft
$821/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $1,720,000 $610 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $14,144/month

66 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 3-minute walk to Fulton Playfield
  • Jefferson Elementary School Rated A+

About This Home

As of March 2018

Great investment opportunity located in the heart of Redondo Beach! These 4 gorgeous units are situated on a 7,476 sqft lot and are divided as follows: (1) 3-bed/2-bath unit and (3) 1-bed/1-bath units all separately metered for gas and electricity. There are (3) two-car garages and 2 additional parking spaces, for a total of 8! Unit A and Unit B are located on the ground level and Unit C and Unit D are located above the garages. Unit A offers a private laundry area in the back and there is an additional shared coin operated laundry for the other units; perfect for extra income. All of the units are upgraded, well-maintained, and are fully occupied. These high demand rental units are located just minutes away minutes from Riviera Village, restaurants, Award-Winning Redondo Beach Schools, Northrop Grumman, and Redondo Beach Pier. Don't miss this opportunity to own in this excellent rental area.

Last Agent to Sell the Property

Tiffany McGuinness

Estate Properties License #01947654 Listed on: 12/02/2017

Last Buyer's Agent

Michelle Tumanjan

Estate Properties License #01710741

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,406

Year Built

  • Built in 1955

Lot Details

  • 7,476 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage

Home Design

  • 2,820 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 8060
  • Assessor Parcel Number 4159016030

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $680
  • Insurance Expense $1,706
  • Supplies Expense $2,721
  • Trash Expense $747
  • Water Sewer Expense $1,495
  • New Taxes Expense $23,750
  • Operating Expense $31,179
  • Gross Income $3,500
  • Net Operating Income $68,744

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,406

Year Built

Built in 1955

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.30
  • Property Attached: Yes
  • Supplies Expense: 2721.00
  • Water Sewer Expenses: 1495.00
  • Zoning: RBR-2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 680.00
  • Parcel Number: 4159016030
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 609.93

Exterior Features

  • Fence: No
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Inside
  • Sewer: Public Sewer
  • Trash Expense: 747.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 7476.00

Rental Info

  • Garage Rental Rate: 250.00

Multi Family

  • Garage Income: 3000.00
  • Gross Income: 3500.00
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 1706.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 500.00
  • Net Operating Income: 68744.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18676.00
  • Rent Control: No
  • Total Actual Rent: 7250.00
  • Total Expenses: 31179.00

Tax Info

  • New Taxes Expense: 23750.00
  • Tax Census Tract: 6207.02
  • Tax Lot: 21
  • Tax Tract Number: 8060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
Saedi Houman
Bought by
2017 Havemeyer Llc
Current Estimated Value
$2,315,696

Purchase Details

Closed on
Dec 5, 2022
Sold by
Aaa Trust
Bought by
Saedi Houman

Purchase Details

Listed on
Dec 2, 2017
Closed on
Feb 16, 2018
Sold by
Quan Samuel
Bought by
Saedi Houman and Kadivar Khadijeh
Seller's Agent
Tiffany McGuinness
Estate Properties
Buyer's Agent
Michelle Tumanjan
Estate Properties
List Price
$1,900,000
Sold Price
$1,720,000
Premium/Discount to List
-$180,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
Original Mortgage
$1,204,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2003
Sold by
Quan Samuel T
Bought by
Quan Samuel and Quan Mildred

Purchase Details

Closed on
May 6, 1998
Sold by
Schimberg Arnold
Bought by
Quan Michael and Quan Samuel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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
2017 Havemeyer Llc -- None Listed On Document
Saedi Houman -- --
Saedi Houman $1,720,000 Fidelity National Title Comp
Quan Samuel -- --
Quan Michael $420,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saedi Houman $1,204,000
Previous Owner Quan Michael $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $1,720,000 -3.1% $610 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
01/11/2018 01/11/18 Price Changed $1,775,000 -6.6% $629 / Sq Ft
12/02/2017 12/02/17 For Sale $1,900,000 -- $674 / 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 $22,406 $1,957,062 $1,109,381 $847,681
2024 $22,406 $1,918,689 $1,087,629 $831,060
2023 $21,993 $1,881,068 $1,066,303 $814,765
2022 $21,699 $1,844,186 $1,045,396 $798,790
2021 $21,192 $1,808,027 $1,024,899 $783,128
2019 $20,786 $1,754,400 $994,500 $759,900
2018 $7,713 $589,390 $294,695 $294,695
2016 $7,459 $566,504 $283,252 $283,252
2015 $7,326 $557,996 $278,998 $278,998
2014 $7,254 $547,066 $273,533 $273,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17268145

California Regional Multiple Listing Service (CRMLS)

APN: 4159-016-030