NOT LISTED FOR SALE

2103 Warfield Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $1,648,000 - $2,031,000

3 Beds
4 Baths
2,456 Sq Ft
$756/Sq Ft Est. Value

Last Sold July 07, 2016

Last sale price $1,090,500 $444 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $10,914/month

6 Days on Market

Highlights

  • Property is near park
  • Wood Flooring
  • No HOA
  • Lincoln Elementary School Rated A+
  • Lawn
  • Living Room

About This Home

As of July 2016

Exceptional investment opportunity to own three units in highly desirable area of North Redondo Beach. Nice curb appeal. This terrific moneymaker consists of two units (2 beds/2baths & 1 bed/1 bath) and one non-permitted studio. Nicely cared for by tenants. Has some deferred maintenance. Private shared patio. Detached two car garage, plus 4 parking spaces. Located near Anderson Park, Redondo Beach Performing Arts Center, freeway, shopping and beaches. See supplements: 1) Unit details and 2) Plot map showing easement.

Last Agent to Sell the Property

Risa Myers

Estate Properties License #01715618 Listed on: 05/11/2016

Estate Properties

Last Buyer's Agent

Rina Culligan

Bayside License #01217495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wood Fence
  • Block Wall Fence
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Assigned Parking

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,456 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Doors swing in
  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Phone Available

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Assessor Parcel Number 4150002014

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,085
  • Net Operating Income $52,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 4150002014
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: 2+ Access Exits, Doors - Swing In
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 444.01
  • Room Type: Family Room, Living Room
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage - Single Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Phone Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Fireplace(s), Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Park Nearby
  • Lot Size Sq Ft: 6501.00
  • Price Per Lot Square Foot: 167.74

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 1000
  • Average2 Bed Area: 900
  • Average Studio Area: 550
  • Gross Scheduled Income: 54900.00
  • Insurance Expense: 750.00
  • Net Operating Income: 52950.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 3
  • Operating Expense: 1950.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12085.00
  • Tax Lot: 14
  • Tax Tract Number: B

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
May 23, 2016
Sold by
Chin Timmy
Bought by
Cooper Carol and Cooper Kenneth W
Seller's Agent
Risa Myers
Estate Properties
Buyer's Agent
Rina Culligan
Bayside
List Price
$1,050,000
Sold Price
$1,090,500
Premium/Discount to List
$40,500
3.86%
Current Estimated Value
$1,856,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$765,947
Avg. Annual Appreciation
5.72%
Original Mortgage
$872,400
Outstanding Balance
$694,038
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,162,409

Purchase Details

Closed on
Feb 25, 2005
Sold by
Beck Marshall
Bought by
Chin Timmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 1993
Sold by
Ellis James W and Ellis Jane A
Bought by
Beck Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.87%
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
Cooper Carol $1,090,500 Progressive Title Company
Chin Timmy $850,000 Southland Title Corporation
Beck Marshall $320,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Carol $872,400
Previous Owner Chin Timmy $650,000
Previous Owner Beck Marshall $288,000
Closed Chin Timmy $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2016 07/07/16 Sold $1,090,500 +3.9% $444 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $1,050,000 -- $428 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,166 $1,265,613 $1,015,509 $250,104
2024 $15,166 $1,240,798 $995,598 $245,200
2023 $14,893 $1,216,470 $976,077 $240,393
2022 $14,609 $1,192,619 $956,939 $235,680
2021 $14,204 $1,169,235 $938,176 $231,059
2019 $13,846 $1,134,556 $910,350 $224,206
2018 $13,422 $1,112,310 $892,500 $219,810
2016 $12,303 $1,000,864 $941,995 $58,869
2015 $12,085 $985,831 $927,846 $57,985
2014 $11,909 $966,521 $909,671 $56,850
Source: Public Records

Agents Affiliated with this Home

  • Risa Myers

    Seller's Agent in 2016

    Risa Myers

    RE/MAX

    (310) 429-2969

    4 in this area

    17 Total Sales

    Risa Myers
    Section Image
  • Rina Culligan

    Buyer's Agent in 2016

    Rina Culligan

    Bayside

    (310) 963-7462

    3 in this area

    36 Total Sales

    Rina Culligan
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16100061

California Regional Multiple Listing Service (CRMLS)

APN: 4150-002-014

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2103 Warfield Ave, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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