NOT LISTED FOR SALE

20401 S Avalon Blvd Carson, CA 90746

Estimated Value: $3,054,313

-- Bed
-- Bath
5,382 Sq Ft
$568/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $2,425,000 $451 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $18,834/month

36 Days on Market

Highlights

  • 0.46 Acre Lot
  • 1-Story Property
  • 4-minute walk to Del Amo Park

About This Home

As of December 2020

Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 06/29/2020

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 06/29/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 108x195

Parking

  • 19 Parking Spaces

Interior Spaces

  • 5,382 Sq Ft Home
  • 1-Story Property

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7339-018-034

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5382
  • Lot Acreage: 0.4623
  • Lot Dimensions: 108x195
  • Stories: 1
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 464.51

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 19

Lot Info

  • Assessed Improvement Percent: 53.33
  • Assessed Improvement Value: 844995
  • Assessed Land Percent: 46.67
  • Assessed Land Value: 739371
  • Total Assessed Value: 1584366
  • Assessor Parcel Number: 7339-018-034
  • Lot Size Area: 20138

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: Office

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Dec 7, 2020
Sold by
Brej Llc
Bought by
Redondo Beach Group Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$2,500,000
Sold Price
$2,425,000
Premium/Discount to List
-$75,000
-3%
Current Estimated Value
$3,054,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$629,313
Avg. Annual Appreciation
4.72%
Original Mortgage
$1,030,000
Outstanding Balance
$914,460
Interest Rate
2.8%
Mortgage Type
Small Business Administration
Estimated Equity
$2,139,853

Purchase Details

Closed on
Jul 10, 2013
Sold by
Ghatan Bijan
Bought by
Brej Llc

Purchase Details

Closed on
Dec 18, 2012
Sold by
Ghatan Homa Yadegar
Bought by
Ghatan Bijan
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
Redondo Beach Group Llc $2,425,000 Fidelity National Title
Brej Llc -- None Available
Ghatan Bijan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redondo Beach Group Llc $1,030,000
Closed Redondo Beach Group Llc $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $2,425,000 -3.0% $451 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $2,500,000 -- $465 / Sq Ft
Source: The MLS

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 $33,966 $2,624,895 $1,298,917 $1,325,978
2024 $33,121 $2,573,428 $1,273,449 $1,299,979
2023 $32,536 $2,522,970 $1,248,480 $1,274,490
2022 $30,961 $2,473,500 $1,224,000 $1,249,500
2021 $30,650 $2,425,000 $1,200,000 $1,225,000
2020 $22,398 $1,681,338 $784,625 $896,713
2019 $21,526 $1,648,372 $769,241 $879,131
2018 $21,013 $1,616,052 $754,158 $861,894
2016 $20,091 $1,553,301 $724,874 $828,427
2015 $19,748 $1,529,970 $713,986 $815,984
2014 $19,725 $1,500,000 $700,000 $800,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    92 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 20-597164

The MLS

APN: 7339-018-034

California Los Angeles County Carson 90746

20401 S Avalon Blvd, Carson, CA

Not Listed for Sale

MultiFamily

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