NOT LISTED FOR SALE

Estimated Value: $1,181,491 - $1,584,000

5 Beds
2 Baths
1,800 Sq Ft
$815/Sq Ft Est. Value

Last Sold July 18, 2014

Last sale price $711,000 $395 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $8,657/month

7 Days on Market

Highlights

  • 5 Car Attached Garage
  • 1 Attached Carport Space
  • 1-Story Property
  • Madison Elementary School Rated A+
  • Central Heating

About This Home

As of July 2014

Centrally located duplex in excellent N. Redondo Beach community! Great opportunity to own an income property in a great rental neighborhood walking distance to multiple amenities. Unit 1 is a 2 Bedroom/1 Bath. Unit 2 is a 3 Bedroom/1 Bath. Offering a gross annual rental income of $34,800, with strong upside potential for investment growth! This diamond in the rough is ready for a tasteful renovation, moderate expansion or simply tear-down and build townhomes on this generous R3 Zoned lot!

Last Agent to Sell the Property

Shamon Shamonki

Sotheby's International Realty License #01455034 Listed on: 05/16/2014

Sotheby's International Realty

Last Buyer's Agent

Dean Thomas

License #00711417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,848

Year Built

  • Built in 1956

Lot Details

  • 5,000

Home Design

  • Duplex

Interior Spaces

  • 1-Story Property
  • Dishwasher
  • Washer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Car Attached Garage
  • 1 Attached Carport Space
  • Assigned Parking

Additional Features

  • 5,000 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4153-022-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,848

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Washer

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Parking Garage: Assigned, Attached, Carport, Carport Attached, Covered Parking, Garage - 1 Car, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Heating: Central
  • Water Expense: 1020.00

Lot Info

  • Assessor Parcel Number: 4153-022-022
  • Geocode Override: No
  • Lot Size Area: 5000

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.50
  • Number Of Units: 2
  • Total Annual Expense: 1020
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2014
Sold by
Proul Ronald L and Cortez Proul Leticia
Bought by
Perkins & Mathews Llc
Current Estimated Value
$1,403,934

Purchase Details

Listed on
May 16, 2014
Closed on
Jun 4, 2014
Sold by
Rodriguez Daniel
Bought by
Proul Ronald L and Cortez Proul Leticia
Seller's Agent
Shamon Shamonki
Sotheby's International Realty
Buyer's Agent
Dean Thomas
List Price
$700,000
Sold Price
$711,000
Premium/Discount to List
$11,000
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$568,800
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Perkins & Mathews Llc -- None Available
Proul Ronald L $711,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perkins & Mathews Llc $563,455
Previous Owner Proul Ronald L $568,800
Previous Owner Rodriguez Daniel $301,000
Previous Owner Rodriguez Daniel $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2014 07/18/14 Sold $711,000 +1.6% $395 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $700,000 -- $389 / 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 $10,848 $854,507 $480,737 $373,770
2024 $10,848 $837,753 $471,311 $366,442
2023 $10,661 $821,327 $462,070 $359,257
2022 $10,437 $805,223 $453,010 $352,213
2021 $10,142 $789,435 $444,128 $345,307
2020 $10,106 $781,342 $439,575 $341,767
2019 $9,867 $766,022 $430,956 $335,066
2018 $9,549 $751,003 $422,506 $328,497
2016 $9,244 $721,842 $406,100 $315,742
2015 $9,085 $711,000 $400,000 $311,000
2014 $2,290 $100,937 $66,252 $34,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-761449

The MLS

APN: 4153-022-022