NOT LISTED FOR SALE

2118 Manhattan Beach Blvd Redondo Beach, CA 90278

North Redondo Beach Neighborhood
22 Beds
12 Baths
8,420 Sq Ft
0.26 Acres

Last Sold March 24, 2023

Last sale price $6,100,000 $724 Per Sq Ft

7 Days on Market

Highlights

  • 0.26 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • Lincoln Elementary School Rated A+

About This Home

As of March 2023

Pictures shown might vary from the actual available units! Offering beautiful 2-3 beds 1-1.5 baths at our Redondo Beach apartment homes that feature in-unit washer/dryers, Italian-quartz countertops, stainless steel appliances, wood-style flooring, designer fixtures, custom cabinetry & garage parking. 10 minutes from Manhattan Beach Pier and 1 mile from the 405 Freeway, North Redondo Beach is filled with lively residential streets, urban parks, local charm, and big-city proximity. Known for its expensive list of retailers, North Redondo boasts one of the city's best places to shop. South Bay Galleria has all of the major department stores, popular retailers, and restaurants you would love, with supermarkets and even more shopping options nearby. Newly Renovated!

Pet Policies: Case by case basis. Pet Deposit $500.
Parking: One garage and one driveway space (Two spaces per unit)
Utilities: Owner pays water & trash
Security Deposit: One Month's Rent

Renters insurance is required prior to moving in. Household Income of 2.5 times monthly rent. Applicants with rent collections, bankruptcies, or evictions will not be considered. All applicants (proposed occupants 18 years and older) are required to submit a rental application, authorize a credit and background check, and pay a $35 credit check fee per applicant.

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 02/17/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 02/17/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • 4150002036

Parking

  • 10 Car Garage

Home Design

  • 8,420 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 4150002037
  • $2,546 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $500
  • Fuel Expense $500
  • Insurance Expense $2,947
  • Professional Management Expense $13,442
  • Trash Expense $500
  • Water Sewer Expense $500
  • Operating Expense $104,545
  • Gross Income $336,072
  • Net Operating Income $221,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

10

Listing Details

  • CapRate: 3.51
  • Price Per Unit: 630000
  • Professional Management Expense: 13442.00
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4150002037
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 724.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 4150002036
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 11227.00
  • Lot Size Acres: 0.2577
  • Latitude Manual: 33.88720200

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 500.00
  • Gross Income: 336072.00
  • Gross Scheduled Income: 336072.00
  • Insurance Expense: 2947.00
  • Lot Size Area: 11227.0000 Square Feet
  • Net Operating Income: 221445.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Operating Expense: 104545.00
  • Rent Control: No
  • Total Expenses: 104545.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 2546.00

Range of Values:

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Sold Price
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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
01/24/2024 01/24/24 Price Changed $3,800 +11.8% $3 / Sq Ft
12/22/2023 12/22/23 Price Changed $3,400 +6.3% $3 / Sq Ft
11/21/2023 11/21/23 Price Changed $3,200 -3.0% $3 / Sq Ft
11/08/2023 11/08/23 Price Changed $3,300 -2.9% $3 / Sq Ft
11/02/2023 11/02/23 Price Changed $3,400 -99.9% $3 / Sq Ft
10/31/2023 10/31/23 For Rent -- -- --
03/24/2023 03/24/23 Sold $6,100,000 -3.2% $724 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $6,300,000 0.0% $748 / Sq Ft
11/23/2022 11/23/22 Price Changed $3,795 +11.7% $3 / Sq Ft
11/08/2022 11/08/22 Price Changed $3,399 +0.9% $3 / Sq Ft
09/02/2022 09/02/22 Price Changed $3,368 -2.4% $3 / Sq Ft
07/14/2022 07/14/22 Price Changed $3,450 -9.2% $3 / Sq Ft
06/07/2022 06/07/22 For Rent -- -- --
05/25/2022 05/25/22 For Rent $3,800 0.0% --
08/18/2020 08/18/20 For Sale $1,950,000 +1.0% $463 / Sq Ft
08/14/2020 08/14/20 Sold $1,930,000 -- $458 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Austin Zahn

    Seller's Agent in 2023

    Austin Zahn

    Lyon Stahl Investment Real Estate, Inc.

    (310) 613-1251

    20 in this area

    64 Total Sales

    Austin Zahn
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23027472

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2118 Manhattan Beach Blvd, Redondo Beach, CA

This home is located at 2118 Manhattan Beach Blvd, Redondo Beach, CA 90278 since 17 February 2023. This property was built in 1958. 2118 Manhattan Beach Blvd 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.

California Regional Multiple Listing Service (CRMLS) 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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