NOT LISTED FOR SALE

Estimated Value: $1,863,000 - $2,029,000

6 Beds
4 Baths
3,316 Sq Ft
$589/Sq Ft Est. Value

Last Sold February 12, 2019

Last sale price $1,275,000 $384 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $11,556/month

60 Days on Market

About This Home

As of February 2019

We are pleased to present 2203 Vanderbilt Lane in Redondo Beach. This 1973 construction duplex consists of one 4-Bedroom unit and one 2-Bedroom unit, for a total area of 3,316 livable sq. ft. Situated on a 4,996 SF lot, this property features two 2-car garages with four additional driveway spaces and a brand new roof, replaced this year. This is a great opportunity for an owner-user or an investor to own prime real estate in an area with limited inventory, just a mile away from the massive proposed Southbay Galleria development. PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 10/08/2018

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Claire Lissone

Real Estate Collective License #01426130

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 4,996 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,316 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 42061
  • Assessor Parcel Number 4157004011

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,161
  • Maintenance Expense $2,286
  • New Taxes Expense $15,938
  • Operating Expense $21,584
  • Gross Income $76,200
  • Net Operating Income $52,330

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Parcel Number: 4157004011
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 384.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4996.00
  • Lot Size Acres: 0.1147

Multi Family

  • Gross Income: 76200.00
  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 1161.00
  • Lot Size Area: 4996.0000 Square Feet
  • Maintenance Expense: 2286.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 52330.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21584.00
  • Rent Control: No
  • Total Expenses: 21584.00

Tax Info

  • New Taxes Expense: 15938.00
  • Tax Census Tract: 6206.01
  • Tax Lot: 14
  • Tax Tract Number: 42061

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2020
Sold by
Chan Jamie Yun Kay
Bought by
Henderson Alex James
Current Estimated Value
$1,952,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,600
Outstanding Balance
$512,499
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,440,476

Purchase Details

Closed on
Sep 30, 2020
Sold by
Henderson Alex James
Bought by
Ajhende Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,600
Outstanding Balance
$512,499
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,440,476

Purchase Details

Closed on
May 15, 2019
Sold by
Henderson Alex J
Bought by
Ajhende Ventures Llc

Purchase Details

Listed on
Oct 8, 2018
Closed on
Dec 18, 2018
Sold by
Condon Patrick
Bought by
Henderson Alex James
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Claire Lissone
Real Estate Collective
List Price
$1,275,000
Sold Price
$1,275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$693,655
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2004
Sold by
Condon Patrick and Condon Timothy
Bought by
Condon Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 1997
Sold by
Trust Laverty Peggy L Tr Peggy L Laverty and Laverty Randall K
Bought by
Condon Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,400
Interest Rate
7.86%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Laverty Debra and Laverty Randall K
Bought by
Laverty Randall K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Henderson Alex James -- Fidelity Natl Ttl Orange Cnt
Ajhende Ventures Llc -- Fidelity Natl Ttl Orange Cnt
Henderson Alex James -- Fidelity Natl Ttl Orange Cnt
Ajhende Ventures Llc -- None Available
Henderson Alex James $1,275,000 Progressive Title
Henderson Alex James -- Progressive Title Company
Condon Patrick -- New Century Title Company Di
Condon Patrick J $283,000 First American Title Co
Laverty Randall K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henderson Alex James $714,600
Previous Owner Henderson Alex James $693,655
Previous Owner Condon Patrick $226,000
Previous Owner Condon Patrick J $226,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2019 02/12/19 Sold $1,275,000 0.0% $384 / Sq Ft
12/07/2018 12/07/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $1,275,000 -- $384 / 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 $16,967 $1,422,282 $992,809 $429,473
2024 $16,967 $1,394,395 $973,343 $421,052
2023 $16,661 $1,367,055 $954,258 $412,797
2022 $16,354 $1,340,251 $935,548 $404,703
2021 $15,902 $1,313,972 $917,204 $396,768
2020 $15,875 $1,300,500 $907,800 $392,700
2019 $9,423 $726,064 $477,718 $248,346
2018 $9,110 $711,828 $468,351 $243,477
2016 $8,795 $684,188 $450,165 $234,023
2015 $8,644 $673,912 $443,404 $230,508
2014 $8,519 $660,712 $434,719 $225,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18244457

California Regional Multiple Listing Service (CRMLS)

APN: 4157-004-011

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