NOT LISTED FOR SALE

2116 Warfield Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $1,935,000 - $2,062,000

9 Beds
6 Baths
3,760 Sq Ft
$533/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $1,960,000 $521 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $13,091/month

14 Days on Market

About This Home

As of May 2022

Initial Offers Due By Wednesday, 3/30/2022 at 5PM | Outstanding Location - Just 3 Blocks from Manhattan Beach & 1 Block from Manhattan Beach Boulevard | Three Spacious 3-Bedroom/2-Bathroom Units | 3,760-Square Feet of Living Space on a Large 7,505-Square Foot Lot | Located Less Than 2.5 Miles from the Manhattan Beach Pier & Pacific Ocean | Approximately 59% in Rental Upside - 5.09% Pro-Forma Cap Rate & 14.47 Pro-Forma GRM | 5 Private Garages | Minimal Utility and Common Area Expenses | Qualifies for Residential Financing | Perfect Owner User Opportunity

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 03/23/2022

Last Buyer's Agent

Richard Tsao

License #00985459

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,765

Year Built

  • Built in 1965

Lot Details

  • 7,505 Sq Ft Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,760 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Community Details

  • 3 Units
  • Vacancy Allowance $2,450

Listing and Financial Details

  • Assessor Parcel Number 4150-007-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,765

Year Built

Built in 1965

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3760
  • Lot Acreage: 0.1723
  • Price Per Unit: 625000.00
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 498.67

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 5
  • Garage Structures: 5
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Number Electric Meters: 3
  • Number Gas Meters: 3

Lot Info

  • Assessed Improvement Percent: 64.46
  • Assessed Improvement Value: 87849
  • Assessed Land Percent: 35.54
  • Assessed Land Value: 48444
  • Total Assessed Value: 136293
  • Assessor Parcel Number: 4150-007-004
  • Lot Size Area: 7505

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 22.96
  • Number Of Units: 3
  • Total Annual Expense: 30322
  • Type Of Units: 3 BD + 2 BA
  • Vacancy Allow: 2450
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 23437.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
Apr 22, 2022
Sold by
Vien Family Trust
Bought by
Yen Joan Shinyun
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Richard Tsao
List Price
$1,875,000
Sold Price
$1,960,000
Premium/Discount to List
$85,000
4.53%
Current Estimated Value
$2,023,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,787
Avg. Annual Appreciation
0.68%
Original Mortgage
$600,000
Outstanding Balance
$566,445
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$1,437,849
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yen Joan Shinyun $1,960,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yen Joan Shinyun $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $1,960,000 +4.5% $521 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $1,875,000 -- $499 / Sq Ft
Source: The MLS

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 $24,765 $2,079,966 $1,167,328 $912,638
2024 $24,765 $2,039,184 $1,144,440 $894,744
2023 $24,316 $1,999,200 $1,122,000 $877,200
2022 $3,768 $139,017 $49,412 $89,605
2021 $3,611 $136,293 $48,444 $87,849
2019 $3,426 $132,253 $47,008 $85,245
2018 $3,205 $129,661 $46,087 $83,574
2016 $3,057 $124,629 $44,299 $80,330
2015 $3,023 $122,758 $43,634 $79,124
2014 $2,984 $120,355 $42,780 $77,575
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2022

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    2 in this area

    73 Total Sales

    Section Image

  • R

    Buyer's Agent in 2022

    Richard Tsao

See All Agents

Map

Source: The MLS

MLS Number: 22-139161

The MLS

APN: 4150-007-004

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2116 Warfield Ave, Redondo Beach, CA

This home is located at 2116 Warfield Ave, Redondo Beach, CA 90278 since 23 March 2022 and is currently estimated at $2,004,294, approximately $533 per square foot. This property was built in 1965. 2116 Warfield Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Adams Middle School, and Redondo Union High School.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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