NOT LISTED FOR SALE

Estimated Value: $1,755,000 - $2,052,000

4 Beds
4 Baths
2,054 Sq Ft
$923/Sq Ft Est. Value

Last Sold June 02, 2016

Last sale price $1,180,000 $574 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $11,412/month

6 Days on Market

About This Home

As of June 2016

We are pleased to offer this four (4) unit multifamily investment offering, located in the City of Redondo Beach and not subject to rent stabilization ordinance. The subject property was constructed of wood frame and stucco in 1957, and consists of approximately 2,054 rentable square feet with a lot size of 6,817 square feet. The unit mix consists of four (4)1+1 units and each unit has its own private patio. Building amenities include two (2) two (2) car garages w/ additional driveway parking, updated aluminum windows throughout, individual water heaters in each unit, and the building is separately metered for gas and electricity.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 05/04/2016

BRC Advisors- BH

Last Buyer's Agent

Andrew Tseng

License #01899224

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,274

Year Built

  • Built in 1957

Lot Details

  • 6,817

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Driveway
  • On-Street Parking

Additional Features

  • 6,817 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4157-005-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,274

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2054
  • Stories: 1
  • Year Built: 1957
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 533.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 4+ Car, On street
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 4157-005-004
  • Geocode Override: No
  • Lot Size Area: 6817

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.76
  • Number Of Units: 4
  • Total Annual Expense: 17429
  • Type Of Units: (4) 1+1
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2020
Sold by
Dworetzky Thomas
Bought by
Kjv Investman Co Llc
Current Estimated Value
$1,896,775

Purchase Details

Listed on
May 4, 2016
Closed on
May 25, 2016
Sold by
Dworetzky Thomas Alan
Bought by
Kjv Investment Co Llc
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Andrew Tseng
List Price
$1,095,000
Sold Price
$1,180,000
Premium/Discount to List
$85,000
7.76%

Purchase Details

Closed on
Aug 31, 1998
Sold by
Morgan Eleanora C
Bought by
Block Huntington M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,663
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 1998
Sold by
Block Huntington M
Bought by
Dworetzky Thomas Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,663
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 1994
Sold by
Block Huntington Macdonald
Bought by
Block Huntington M and Morgan Eleanora Carroll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,300
Interest Rate
7.1%
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
Kjv Investman Co Llc -- Ticor Title
Kjv Investment Co Llc $1,180,000 Ticor Title Co
Block Huntington M -- Progressive Title Company
Dworetzky Thomas Alan $347,000 Progressive Title Company
Block Huntington M -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dworetzky Thomas Alan $330,663
Previous Owner Block Huntington M $313,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2016 06/02/16 Sold $1,180,000 +7.8% $574 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $1,095,000 -- $533 / 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 $16,274 $1,396,876 $947,036 $449,840
2024 $16,274 $1,369,487 $928,467 $441,020
2023 $15,978 $1,342,635 $910,262 $432,373
2022 $15,766 $1,316,310 $892,414 $423,896
2021 $15,407 $1,290,501 $874,916 $415,585
2020 $6,842 $512,016 $298,157 $213,859
2019 $6,711 $501,983 $292,311 $209,672
2018 $6,504 $492,147 $286,580 $205,567
2016 $6,292 $472,768 $275,452 $197,316
2015 $6,180 $465,668 $271,315 $194,353
2014 $6,122 $456,547 $266,001 $190,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-121770

The MLS

APN: 4157-005-004