NOT LISTED FOR SALE

216 N Juanita Ave Redondo Beach, CA 90277

Estimated Value: $1,884,000 - $2,393,348

4 Beds
3 Baths
2,022 Sq Ft
$1,057/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $1,750,000 $865 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $13,185/month

39 Days on Market

About This Home

As of September 2022

This 3 units multi-family buildings are located in prime Redondo Beach. Buildings consist of a charming 1 Bd/1 Ba front cottage, and a rear upper unit with 2 Bd/1 Ba, and a lower studio/1 Ba, All unis are fully occupied.
Short distance to the RB Pier, Hermosa Beach, Torrance and LAX.
Please do not disturb tenants.
All showing will be subject to an accepted offer.
2 Bd unit was partially remodeled 2 years ago with new wood floor, new kitchen stove, new paint.

Last Agent to Sell the Property

Jeff Chen

Jibbco Investment Group License #00860128 Listed on: 07/03/2022

Last Buyer's Agent

John Caliendo

Estate Properties License #01177832

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,818

Year Built

  • Built in 1923

Lot Details

  • 6,009 Sq Ft Lot
  • No Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,022 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 33 / 69
  • Assessor Parcel Number 7504019015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Electric Expense $3,600
  • Gardener Expense $780
  • Insurance Expense $1,416
  • Trash Expense $1,800
  • Water Sewer Expense $1,044
  • Operating Expense $8,640
  • Gross Income $61,980
  • Net Operating Income $50,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,818

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 2.79
  • Price Per Unit: 598333
  • Property Attached: No
  • Water Sewer Expenses: 1044.00
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7504019015
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 865.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 6009.00
  • Lot Size Acres: 0.1379

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 61980.00
  • Gross Multiplier: 35.83
  • Gross Operating Income: 60740.00
  • Gross Scheduled Income: 61980.00
  • Gross Spendable Income: 50096.00
  • Insurance Expense: 1416.00
  • Lot Size Area: 6009.0000 Square Feet
  • Net Operating Income: 50096.00
  • Number Of Units Total: 3
  • Operating Expense: 10644.00
  • Operating Expense Percent: 17.17
  • Rent Control: Yes
  • Total Expenses: 8640.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 69
  • Tax Census Tract: 6212.01
  • Tax Lot: 33
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2023
Sold by
Security Eat 623 Inc
Bought by
Canning Garth and Canning Carol
Current Estimated Value
$2,136,587

Purchase Details

Listed on
Jul 3, 2022
Closed on
Sep 6, 2022
Sold by
Kim Young S and Kim You S
Bought by
Security Eat 623 Inc
Seller's Agent
Jeff Chen
Jibbco Investment Group
Buyer's Agent
John Caliendo
Estate Properties
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$482,000
Interest Rate
5.3%
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
Canning Garth $1,427,000 Chicago Title Company
Security Eat 623 Inc $1,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canning Garth $250,000
Previous Owner Security Eat 623 Inc $482,000
Previous Owner Sharon Dianne Burns Living Tru $580,000
Previous Owner Kim Young $236,718
Previous Owner Kim Young $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $1,750,000 -2.5% $865 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $1,795,000 0.0% $888 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
07/03/2022 07/03/22 For Sale $1,795,000 -- $888 / 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 $22,818 $1,986,123 $1,248,480 $737,643
2024 $22,818 $1,947,180 $1,224,000 $723,180
2023 $20,656 $1,750,000 $1,100,000 $650,000
2022 $9,382 $726,593 $509,899 $216,694
2021 $9,183 $712,347 $499,901 $212,446
2020 $9,146 $705,044 $494,776 $210,268
2019 $8,928 $691,221 $485,075 $206,146
2018 $8,616 $677,668 $475,564 $202,104
2016 $8,335 $651,356 $457,099 $194,257
2015 $8,195 $641,573 $450,233 $191,340
2014 $8,080 $629,006 $441,414 $187,592
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jeff Chen

    Jibbco Investment Group

    (562) 412-5816

    1 in this area

    5 Total Sales

    Jeff Chen
    Section Image

  • J

    Buyer's Agent in 2022

    John Caliendo

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22140498

California Regional Multiple Listing Service (CRMLS)

APN: 7504-019-015

California Los Angeles County Redondo Beach 90277

216 N Juanita Ave, Redondo Beach, CA

This home is located at 216 N Juanita Ave, Redondo Beach, CA 90277 since 03 July 2022 and is currently estimated at $2,136,587, approximately $1,056 per square foot. This property was built in 1923. 216 N Juanita Ave is a home located in Los Angeles County with nearby schools including Beryl Heights Elementary School, Parras (Nick G.) 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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