NOT LISTED FOR SALE
14 Beds
14 Baths
8,954 Sq Ft
0.35 Acres

Last Sold March 18, 2016

Last sale price $3,388,000 $378 Per Sq Ft

144 Days on Market

Highlights

  • Primary Bedroom Suite
  • 0.35 Acre Lot
  • Traditional Architecture
  • Birney Elementary School Rated A+
  • Dual Staircase
  • Bonus Room

About This Home

As of March 2016

Trophy Income Investment Property located in prime Redondo Beach minutes from ocean and freeways. This property has never been on the market and was built by present owners. 2104 Grant Avenue is a 7 unit property consisting of two buildings (8,954 sf total) on a 15,012 sf lot. All units are tri-level, 2 bedroom plus bonus room, 2.5 bathroom townhouse style with attached 2 car garage and direct access to unit. All of the units are in great condition and three of the units have been recently remodeled. Units come with a fireplace in the living room, laundry hookups, and enclosed patio and balcony. Tenants are on month-to-month agreements allowing for instant upside potential in rents on most units. This is truly a pride of ownership property. Owners are liquidating, no 1031 tax deferred exchange contingency needed!

Last Agent to Sell the Property

Sean Rodriguez

Estate Properties License #00938328 Listed on: 09/14/2015

Co-Listed By

Jonathan Rodriguez

Estate Properties License #00946916

Last Buyer's Agent

Chen Zhou

Estate Properties License #01958074

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall

Parking

  • 14 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 8,954 Sq Ft Home
  • Dual Staircase
  • Gas Fireplace
  • Living Room with Fireplace
  • Bonus Room
  • Carpet

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 41924
  • Assessor Parcel Number 4156017044

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $510
  • Gardener Expense $2,640
  • Insurance Expense $7,374
  • Maintenance Expense $5,600
  • Other Expense $836
  • Pest Control $540
  • Trash Expense $1,608
  • Water Sewer Expense $5,469
  • New Taxes Expense $40,689
  • Gross Income $15,990
  • Net Operating Income $121,638

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

14

Listing Details

  • Assessments: Yes
  • CapRate: 3.29
  • Price Per Unit: 557000
  • Property Attached: Yes
  • Water Sewer Expenses: 5469.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 2640.00
  • Parcel Number: 4156017044
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Gas, Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 378.38
  • Room Type: All Bedrooms Up, Bonus Room, Master Bedroom, Master Suite

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Two Door
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Pest Control Expense: 540.00
  • Trash Expense: 1608.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15012.00
  • Price Per Lot Square Foot: 225.69
  • Lot Size Acres: 0.3450

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1279
  • Electric Expense: 510.00
  • Gross Income: 15990.00
  • Gross Scheduled Income: 191880.00
  • Insurance Expense: 7374.00
  • Lot Size Area: 15012.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 121638.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 65445.00
  • Operating Expense Percent: 34.98
  • Other Expense: 836.00
  • Rent Control: No
  • Total Actual Rent: 15990.00
  • Vacancy Allowance: 4797
  • Vacancy Allowance Rate: 2.50

Tax Info

  • New Taxes Expense: 40689.00
  • Tax Lot: 1
  • Tax Tract Number: 41924

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/18/2016 03/18/16 Sold $3,388,000 -13.1% $378 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $3,899,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15204467

California Regional Multiple Listing Service (CRMLS)