Seller's Agent in 2016
David Keller
RE/MAX
9 in this area
47 Total Sales
2116 Bataan Rd Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated Value: $2,153,000 - $2,771,685
9
Beds
5
Baths
4,395
Sq Ft
$577/Sq Ft
Est. Value
Highlights
- Property is near park
- Level Lot
- 3-minute walk to Anderson Park
- Lincoln Elementary School Rated A+
About This Home
As of October 20164 LARGE townhouse style units. High demand, easily rented units. All long term tenants, all month to month. Currently below market rents. Building and units in good condition (but interiors could use updating to increase rents). 3 bedroom 2 bath - "owner's unit" has fireplace, dishwasher and large balcony. All other units have 2 bedrooms 1 1/2 baths. All units have and washer, dryer hookups. Units B & C have Balconies. 3 units have detached 2 car garages; 1 unit has attached 1 car garage with direct entry to the unit. All electric building with individual meters. The location is excellent, wide street with good mix of properties including new and newer construction. The location has superior access to freeways and all services - it is also Manhattan Beach adjacent. With a little updating the rents should match the (pro-forma that is stated below). POTENTIAL gross income of $112,800 with current actual expenses and new taxes NOI would be $80,988 - this is a 4.2 CAP rate and 16.8 GRM. Offers are subject to inspection and presented as a 1031 Exchange at no cost, liability or delay to the buyer.
Last Agent to Sell the Property
Estate Properties License #00851437 Listed on: 08/26/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 7,505 Sq Ft Lot
- 1 Common Wall
- Level Lot
Parking
- 7 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 4,395 Sq Ft Home
- Living Room with Fireplace
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Location
- Property is near park
- Suburban Location
Community Details
- 4 Leased Units
- 4 Separate Electric Meters
- Electric Expense $360
- Gardener Expense $900
- Insurance Expense $2,667
- Maintenance Expense $1,200
- Trash Expense $984
- Water Sewer Expense $1,920
- New Taxes Expense $23,737
- Gross Income $7,000
- Net Operating Income $52,188
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 4150015004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2016
Closed on
Sep 21, 2016
Sold by
Talmas Bernard W
Bought by
Ivie Patrick Joseph and Ivie Laurie Anne
Seller's Agent
David Keller
Estate Properties
Buyer's Agent
Tim Hovland
Beach City Brokers
List Price
$1,899,000
Sold Price
$1,800,000
Premium/Discount to List
-$99,000
-5.21%
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
$734,671
Avg. Annual Appreciation
3.72%
Original Mortgage
$1,260,000
Outstanding Balance
$1,008,698
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,525,973
Purchase Details
Closed on
Sep 3, 2003
Sold by
Jeanne A Steubs Living Trust
Bought by
Talmas Bernard W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,500
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 9, 2002
Sold by
Roth Michael
Bought by
Roth Michael Patrick and Roth Olivia Leslie
Purchase Details
Closed on
Jan 17, 1997
Sold by
Steubs Jeanne A
Bought by
Jeanne A Steubs Living Trust Agreement
Purchase Details
Closed on
May 7, 1996
Sold by
Loseff Robert L
Bought by
Steubs Jeanne A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,100
Interest Rate
8.37%
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 |
|---|---|---|---|
| Ivie Patrick Joseph | $1,800,000 | Lawyers Title | |
| Talmas Bernard W | $1,050,000 | Southland Title Corporation | |
| Roth Michael Patrick | -- | -- | |
| Jeanne A Steubs Living Trust Agreement | -- | First American | |
| Steubs Jeanne A | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ivie Patrick Joseph | $1,260,000 | |
| Previous Owner | Talmas Bernard W | $649,500 | |
| Previous Owner | Steubs Jeanne A | $62,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/26/2016 10/26/16 | Sold | $1,800,000 | -5.2% | $410 / Sq Ft |
| 08/26/2016 08/26/16 | For Sale | $1,899,000 | -- | $432 / 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 | $23,958 | $2,089,047 | $998,099 | $1,090,948 |
| 2024 | $23,958 | $2,048,086 | $978,529 | $1,069,557 |
| 2023 | $23,518 | $2,007,929 | $959,343 | $1,048,586 |
| 2022 | $23,203 | $1,968,559 | $940,533 | $1,028,026 |
| 2021 | $22,650 | $1,929,961 | $922,092 | $1,007,869 |
| 2019 | $22,217 | $1,872,720 | $894,744 | $977,976 |
| 2018 | $21,598 | $1,836,000 | $877,200 | $958,800 |
| 2016 | $15,286 | $1,261,092 | $960,834 | $300,258 |
| 2015 | $15,005 | $1,242,150 | $946,402 | $295,748 |
| 2014 | $14,818 | $1,217,819 | $927,864 | $289,955 |
Source: Public Records
Agents Affiliated with this Home
-
David Keller
-
Tim Hovland
Buyer's Agent in 2016
Tim Hovland
Beach City Brokers
(310) 322-4900
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16189063
APN: 4150-015-004
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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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