$3,187,500
SOLD SEP 25, 2023

2102 Manhattan Beach Blvd Redondo Beach, CA 90278

North Redondo Beach Neighborhood
11 Beds
6 Baths
4,210 Sq Ft
5,626 Sq Ft Lot

Recently Sold

$757 Per Sq Ft

3% Below List Price

20 Days on Market

Highlights

  • Laundry Room
  • Lincoln Elementary School Rated A+
  • Rectangular Lot

About This Home

As of September 2023

Welcome to 2102 Manhattan Beach Blvd. 5 units located across the street from the South Bay’s largest employers. This building has recently been completely rehabbed with improvements including, a full building electrical system upgrade, full roof replacement, new window system, new plumbing upgrades to include in unit washer/dryer infastructure, new garage doors, a new paver walkway with an exterior lighting package and improved landscaping. Unit interiors have been upgraded with, new two-tone cabinets and calacatta-quartz countertops, vinyl plank flooring with modern baseboards, new stainless steel appliance packages with Miele washer/dryers, new shaker doors, and soaking tubs with custom tiled showers and new plumbing hardware. Now operating at a 4.69% CAP, with units recently resigning first or second year terms at increased rates, this property is ready for someone to benefit from long term headache free stabilized cash-flow!

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 08/08/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Patricia Blakemore

Palm Realty Boutique, Inc. License #02079554

Palm Realty Boutique, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,626 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Assessor Parcel Number 4150002028
  • $1,978 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Professional Management Expense $10,000
  • Operating Expense $52,820
  • Gross Income $214,104
  • Net Operating Income $154,861

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 660000
  • Professional Management Expense: 10000.00
  • Property Attached: Yes
  • Zoning: RBRMD
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4150002028
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 757.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5626.00
  • Lot Size Acres: 0.1292

Multi Family

  • Gross Income: 214104.00
  • Gross Scheduled Income: 214104.00
  • Insurance Expense: 3999.50
  • Lot Size Area: 5626.0000 Square Feet
  • Net Operating Income: 154861.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 52820.00
  • Rent Control: No
  • Total Expenses: 52820.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 6205.01
  • Tax Lot: 11
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 1978.37

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $3,187,500 -3.4% $757 / Sq Ft
08/08/2023 08/08/23 For Sale $3,300,000 +69.2% $784 / Sq Ft
08/18/2020 08/18/20 For Sale $1,950,000 +1.0% $463 / Sq Ft
08/14/2020 08/14/20 Sold $1,930,000 -- $458 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Austin Zahn

    Seller's Agent in 2023

    Austin Zahn

    Lyon Stahl Investment Real Estate, Inc.

    (310) 613-1251

    20 in this area

    64 Total Sales

    Austin Zahn
    Section Image
  • Patricia Blakemore

    Buyer's Agent in 2023

    Patricia Blakemore

    Palm Realty Boutique, Inc.

    (213) 293-8282

    1 in this area

    7 Total Sales

    Patricia Blakemore
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23146544

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2102 Manhattan Beach Blvd, Redondo Beach, CA

This home is located at 2102 Manhattan Beach Blvd, Redondo Beach, CA 90278 and is currently priced at $3,187,500, approximately $757 per square foot. This property was built in 1958. 2102 Manhattan Beach Blvd is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Adams Middle School, and Redondo Union High School.

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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