NOT LISTED FOR SALE

Estimated Value: $1,685,000 - $1,901,026

5 Beds
3 Baths
2,268 Sq Ft
$793/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $1,400,000 $617 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,882/month

28 Days on Market

Highlights

  • Lawn
  • No HOA
  • South Facing Home
  • Lincoln Elementary School Rated A+
  • Laundry Room

About This Home

As of May 2018

Must see duplex located in a very desirable part of North Redondo. This property features two free standing buildings, giving added privacy. The front house has a unit mix of 2-bed/1-bath and is nearly 1000 sq ft. It's recent facelift features new windows and blinds, laminate flooring in the kitchen/dining/living area as well as a new vanity in the bathroom. While the rear house consists of 3-bed/2-bath at around 1,300 sq ft. It was last updated in 2010. Both units have their own laundry which is a huge plus in a city where it's not common to have. The property is located just minutes away from award winning school districts, Manhattan Beach and freeway access. It is a great investment opportunity whether strictly for income or to live in one of the units and rent the other!

Last Agent to Sell the Property

Morgan Demasco

Lyon Stahl Investment Real Estate, Inc. License #02026375 Listed on: 02/27/2018

Co-Listed By

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Last Buyer's Agent

John Shieh

Home Team Realty License #01764983

Home Team Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,639 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,268 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 54
  • Assessor Parcel Number 4150030020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $820
  • Maintenance Expense $1,080
  • New Taxes Expense $17,813
  • Operating Expense $20,433
  • Gross Income $60,420
  • Net Operating Income $37,106

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: RBR-2
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4150030020
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 617.28

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 6639.00

Multi Family

  • Gross Operating Income: 60420.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 820.00
  • Maintenance Expense: 1080.00
  • Net Operating Income: 37106.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 23314.00
  • Rent Control: No
  • Total Expenses: 20433.00

Tax Info

  • New Taxes Expense: 17813.00
  • Tax Census Tract: 6205.01
  • Tax Lot: 21
  • Tax Tract Number: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 9, 2018
Sold by
Chen Anthony K and Chen Li Chyun Chen
Bought by
Huang Ann Hsien
Seller's Agent
Morgan Demasco
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
John Shieh
Home Team Realty
List Price
$1,425,000
Sold Price
$1,400,000
Premium/Discount to List
-$25,000
-1.75%
Current Estimated Value
$1,799,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,257
Avg. Annual Appreciation
3.31%

Purchase Details

Listed on
Dec 2, 2013
Closed on
Dec 11, 2013
Sold by
Gorski Andre and Gorski Lisa
Bought by
Wang Chen Anthony K and Wang Chen Li Chuyn
Seller's Agent
Gary Elminoufi
Beach City Brokers
Buyer's Agent
Rob Dodson
Estate Properties
List Price
$889,000
Sold Price
$890,000
Premium/Discount to List
$1,000
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$578,500
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2007
Sold by
Gorski Andre and Gorski Lisa
Bought by
Gorski Andre and Gorski Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2007
Sold by
Gorski Andre and Gorski Lisa
Bought by
Gorski Andre and Gorski Lisa

Purchase Details

Closed on
May 13, 2003
Sold by
Beliavsky Leonid
Bought by
Gorski Andre E and Garcia Lisa Deanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1998
Sold by
Adachi David S and Adachi Hunran T
Bought by
Krista Micro Inc

Purchase Details

Closed on
Jun 4, 1997
Sold by
Gallegos Lorna K and Ivy Illona M
Bought by
Beliavsky Leonid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,200
Interest Rate
7.7%

Purchase Details

Closed on
Feb 24, 1994
Sold by
Gallegos Joe Louis
Bought by
Gallegos Lorna K
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
Huang Ann Hsien $1,400,000 Progressive Title
Wang Chen Anthony K $890,000 North American Title Company
Gorski Andre -- First American Title Co
Gorski Andre -- First American Title Co
Gorski Andre -- None Available
Gorski Andre -- None Available
Gorski Andre E $649,000 North American Title Co
Krista Micro Inc $250,000 Fidelity National Title Ins
Beliavsky Leonid $305,000 --
Gallegos Lorna K -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Chen Anthony K $578,500
Previous Owner Gorski Andre $640,000
Previous Owner Gorski Andre E $500,000
Previous Owner Beliavsky Leonid $274,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2018 05/09/18 Sold $1,400,000 -1.8% $617 / Sq Ft
04/30/2018 04/30/18 For Sale $1,425,000 0.0% $628 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $1,425,000 +60.1% $628 / Sq Ft
01/10/2014 01/10/14 Sold $890,000 +0.1% $392 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $889,000 -- $392 / 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 $18,788 $1,592,955 $978,530 $614,425
2024 $18,788 $1,561,722 $959,344 $602,378
2023 $18,447 $1,531,101 $940,534 $590,567
2022 $18,117 $1,501,081 $922,093 $578,988
2021 $17,630 $1,471,649 $904,013 $567,636
2020 $17,606 $1,456,560 $894,744 $561,816
2019 $17,207 $1,428,000 $877,200 $550,800
2018 $11,791 $958,855 $716,449 $242,406
2017 $11,605 $940,054 $702,401 $237,653
2016 $11,411 $921,623 $688,629 $232,994
2015 $11,209 $907,781 $678,286 $229,495
2014 $9,512 $752,725 $530,041 $222,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18045101

California Regional Multiple Listing Service (CRMLS)

APN: 4150-030-020