NOT LISTED FOR SALE

Estimated Value: $2,338,000 - $3,087,000

9 Beds
5 Baths
3,969 Sq Ft
$675/Sq Ft Est. Value

Last Sold March 21, 2017

Last sale price $1,800,000 $454 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $16,593/month

8 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Forced Air Heating System
  • Birney Elementary School Rated A+
  • Laundry Room
  • Turnkey

About This Home

As of March 2017

Probate sale, no court :). Really cool 1965 Midcentury Modern 4plex on quiet street, a few blocks east of Hermosa. 20 year owner, rents 40% below market, huge upside. Floor to ceiling windows, sunny west facing patios and private balconies, 3 bed 2 bath owners unit, 6 garages, separate gas & electric meters, laundry room. 50 x 150 R2 lot. 71 walkscore: 2-3 blocks to Birney Elementry and Perry Park, walkable to RB library, 1.5 mile to beach.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 02/08/2017

Last Buyer's Agent

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,912

Year Built

  • Built in 1965

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • No Common Walls
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Turnkey
  • Slab Foundation
  • Synthetic Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,969 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 010
  • Tax Tract Number 4157
  • Assessor Parcel Number 4156024010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,912

Year Built

Built in 1965

Lot Details

0

Parking

6

Listing Details

  • Inclusions: Offers on probate form please
  • Property Attached: No
  • Subdivision Name Other: REDONDO VILLA
  • Zoning: R2YY
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4156024010
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 453.51

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Synthetic
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size: 50X150
  • Lot Size Sq Ft: 7500.00

Multi Family

  • Laundry Equipment Own Lease: Own
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Actual Rent: 3158.00

Tax Info

  • Tax Lot: 010
  • Tax Tract: REDONDO VILLA
  • Tax Tract Number: 4157

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2017
Closed on
Mar 24, 2017
Sold by
Ghani
Bought by
Rmrmi
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,800,000
Sold Price
$1,800,000
Current Estimated Value
$2,679,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$879,567
Avg. Annual Appreciation
4.84%
Interest Rate
4.23%

Purchase Details

Listed on
Feb 8, 2017
Closed on
Feb 23, 2017
Sold by
Ybarra Devine J
Bought by
Ghanian Reza
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.23%

Purchase Details

Closed on
May 28, 2013
Sold by
Devine J Traverse
Bought by
Devine J Travers and Cullen Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2008
Sold by
Devine
Bought by
Devine and Cullen Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2003
Sold by
Cullen Jean
Bought by
Devine and Cullen Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,500
Interest Rate
5.73%

Purchase Details

Closed on
Jul 25, 2002
Sold by
Painter Louis
Bought by
Painter Teresa

Purchase Details

Closed on
Jul 3, 1997
Sold by
Voelker Billie D Tr Voelker Trust
Bought by
Schmeltzer Jean and Travers Devine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,600
Interest Rate
7.93%
Source: Public Records

Range of Values:

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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
Rmrmi -- --
Ghanian Reza $1,800,000 Stewart Title Company
Devine J Travers -- Nations Title
Devine -- Stewart Title Of California
Devine -- Investors Title Company
Painter Teresa -- --
Schmeltzer Jean $395,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rmrmi --
Open Ghanian Reza $1,000,000
Previous Owner Devine J Travers $450,000
Previous Owner Devine $470,000
Previous Owner Devine $100,000
Previous Owner Devine $379,500
Previous Owner Devine J T $382,500
Previous Owner Schmeltzer Jean $350,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2017 03/21/17 Sold $1,800,000 0.0% $454 / Sq Ft
02/08/2017 02/08/17 For Sale $1,800,000 -- $454 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,912 $2,089,048 $1,566,788 $522,260
2024 $23,912 $2,048,087 $1,536,067 $512,020
2023 $23,472 $2,007,930 $1,505,949 $501,981
2022 $23,158 $1,968,560 $1,476,421 $492,139
2021 $22,609 $1,929,962 $1,447,472 $482,490
2019 $22,175 $1,872,720 $1,404,540 $468,180
2018 $21,574 $1,836,000 $1,377,000 $459,000
2017 $9,088 $712,708 $428,283 $284,425
2016 $8,907 $698,735 $419,886 $278,849
2015 $8,746 $688,240 $413,579 $274,661
2014 $8,651 $674,759 $405,478 $269,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17017110

California Regional Multiple Listing Service (CRMLS)

APN: 4156-024-010