Seller's Agent in 2022
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
(310) 849-9210
6 in this area
18 Total Sales
2109 Rockefeller Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated Value: $1,910,000 - $2,215,000
9
Beds
5
Baths
3,509
Sq Ft
$603/Sq Ft
Est. Value
Highlights
- Property is near park and public transit
- Park
- 5 Car Garage
- Birney Elementary School Rated A+
- Laundry Room
- 5-minute walk to Perry Park
About This Home
As of October 2022We are pleased to present an excellent investor or owner user opportunity. This 4-unit multifamily property is in a highly desirable Redondo Beach location just 10-minutes from the Beach. Nearby to major employers, popular shopping centers, trendy restaurants, lively entertainment, neighborhood parks, award winning schools, and transportation. This property is comprised of a single-story detached 3 -Bedroom/2-Bathroom home with front yard and 2-car garage and three 2-Bedroom/1-Bathroom units, each with a 1-car garage. The property qualifies for residential financing. Redondo Beach has no City Rent Control. There may be an opportunity to convert some of the garages into ADU, Buyer to verify. The interiors have had varying levels of upgrades. There is deferred maintenance and repair work needed. The Seller had an inspection performed. Please email to request a copy of the inspection report. The property is being sold “As-Is” with tenants in place. Offer subject to inspection. Offers due by Monday, 8/29/2022 at 5PM. Drive by only, please do not disturb tenants or go onto the property. Thank you.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #00962565 Listed on: 08/18/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 7,494 Sq Ft Lot
- Two or More Common Walls
- Lot Sloped Down
- Front Yard
Parking
- 5 Car Garage
- Parking Available
- Driveway Down Slope From Street
Home Design
- 3,509 Sq Ft Home
- Property Attached
- Fixer Upper
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
Additional Features
- Laundry Room
- Property is near park and public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 17 / 27
- Tax Tract Number 9
- Assessor Parcel Number 4156009017
- $1,378 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Recreation
- Park
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,380
- Insurance Expense $1,579
- Maintenance Expense $3,000
- Water Sewer Expense $2,600
- New Taxes Expense $23,341
- Operating Expense $31,900
- Gross Income $123,780
- Net Operating Income $88,166
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2022
Closed on
Sep 22, 2022
Sold by
Lowell S Pethley Declaration Of Trust
Bought by
2109 Rockefeller Llc
Seller's Agent
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,000,000
Sold Price
$2,100,000
Premium/Discount to List
$100,000
5%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,950
Avg. Annual Appreciation
0.24%
Original Mortgage
$1,470,000
Outstanding Balance
$1,398,053
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$718,897
Purchase Details
Closed on
Feb 16, 2019
Sold by
Pethley Donald R
Bought by
Pethley Donald R and The Donald R Pethley Family Tr
Purchase Details
Closed on
Jan 23, 2019
Sold by
Pethley Lowell S
Bought by
Pethley Lowell S and The Lowell S Pethley Declarati
Purchase Details
Closed on
Apr 15, 2004
Sold by
Pethley Donald R and Pethley Lowell S
Bought by
Pethley Donald R and Pethley Lowell S
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
4.27%
Mortgage Type
Negative Amortization
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2109 Rockefeller Llc | $2,100,000 | Stewart Title Of California | |
| Pethley Donald R | -- | None Available | |
| Pethley Lowell S | -- | None Available | |
| Pethley Donald R | -- | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2109 Rockefeller Llc | $1,470,000 | |
| Previous Owner | Pethley Donald R | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2022 10/25/22 | Sold | $2,100,000 | +5.0% | $598 / Sq Ft |
| 09/02/2022 09/02/22 | Pending | -- | -- | -- |
| 08/18/2022 08/18/22 | For Sale | $2,000,000 | -- | $570 / 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 | $24,902 | $2,184,840 | $1,664,640 | $520,200 |
| 2024 | $24,902 | $2,142,000 | $1,632,000 | $510,000 |
| 2023 | $24,442 | $2,100,000 | $1,600,000 | $500,000 |
| 2022 | $8,774 | $668,816 | $372,352 | $296,464 |
| 2021 | $8,579 | $655,702 | $365,051 | $290,651 |
| 2020 | $8,587 | $648,979 | $361,308 | $287,671 |
| 2019 | $8,423 | $636,255 | $354,224 | $282,031 |
| 2018 | $8,133 | $623,780 | $347,279 | $276,501 |
| 2016 | $7,809 | $599,560 | $333,795 | $265,765 |
| 2015 | $7,670 | $590,555 | $328,782 | $261,773 |
| 2014 | $7,592 | $578,988 | $322,342 | $256,646 |
Source: Public Records
Agents Affiliated with this Home
-
Nancy Bush
-
Mike McKinney
Seller Co-Listing Agent in 2022
Mike McKinney
Lyon Stahl Investment Real Estate, Inc.
(310) 880-2900
6 in this area
18 Total Sales
-
Brett Lyon
Buyer's Agent in 2022
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
7 in this area
140 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22182871
APN: 4156-009-017
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.
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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