NOT LISTED FOR SALE

Estimated Value: $1,729,630

5 Beds
4 Baths
2,156 Sq Ft
$802/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2022

Last sale price $1,500,000 $696 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,103 / mo

45 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Landscaped
  • Traditional Architecture
  • Park
  • Central Heating

About This Home

As of December 2022

We are pleased to present this North Redondo Duplex, a fantastic opportunity for an owner user, investor, or developer. Situated on a huge (7,499 sf ft) R2 Flat lot, the front home is a 3-Bedroom, 2-Bath with a 2-Car Garage along with a fenced front yard. The back home is a 2-Bedroom, 2-Bath with fireplace, a 2-Car Garage and private backyard. The interior of the front home was upgraded within the past year and the back unit presents very well. Located just 10-minutes from the Beach. Nearby to major employers, popular shopping centers, trendy restaurants, lively entertainment, neighborhood parks, award winning schools, and transportation. Redondo Beach has no City Rent Control. There may be an opportunity to convert garages into an ADU, Buyer to verify. There is deferred maintenance and repair work needed. The Seller had an inspection performed. Please email to request a copy of the inspection report. The property is being sold “As-Is”, with tenants in place. Offer subject to inspection. Please do not disturb tenants. Thank you.

Last Agent to Sell the Property

Nancy Bush

Lyon Stahl Investment Real Estate, Inc. License #00962565 Listed on: 08/18/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. License #00634672

Last Buyer's Agent

Tom Royds

Redfin Corporation License #00949407

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 2,156 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Located Outside

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 27 / 15
  • Assessor Parcel Number 4150009027
  • $1,143 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,620
  • Insurance Expense $970
  • Maintenance Expense $1,500
  • Trash Expense $200
  • Water Sewer Expense $600
  • New Taxes Expense $20,361
  • Operating Expense $25,251
  • Gross Income $70,680
  • Net Operating Income $43,309

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

7,499 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: RBR-2
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1620.00
  • Parcel Number: 4150009027
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Fireplace Features: Living Room
  • Price Per Square Foot: 695.73
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 70680.00
  • Gross Operating Income: 68560.00
  • Gross Scheduled Income: 70680.00
  • Insurance Expense: 970.00
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 43309.00
  • 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: 25251.00
  • Rent Control: No
  • Total Expenses: 25251.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20361.00
  • Tax Block: 15
  • Tax Census Tract: 6205.01
  • Tax Lot: 27
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 1143.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Oct 26, 2022
Sold by
Bought by
Seller's Agent
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Tom Royds
Redfin Corporation
List Price
$1,750,000
Sold Price
$1,500,000
Premium/Discount to List
-$250,000
-14.29%
Views
10
Current Estimated Value
$1,729,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,630
Avg. Annual Appreciation
3.97%
Original Mortgage
$1,000,000
Outstanding Balance
$958,650
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$770,980

Purchase Details

Closed on
Mar 15, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 First American Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,000,000
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2022 12/05/22 Sold $1,500,000 -3.2% $696 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/23/2022 09/23/22 Price Changed $1,550,000 -6.1% $719 / Sq Ft
08/30/2022 08/30/22 Price Changed $1,650,000 -5.7% $765 / Sq Ft
08/18/2022 08/18/22 For Sale $1,750,000 -- $812 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,938 $1,560,600 $1,248,480 $312,120
2024 $18,114 $1,530,000 $1,224,000 $306,000
2023 $17,780 $1,500,000 $1,200,000 $300,000
2022 $6,454 $473,882 $401,784 $72,098
2021 $6,245 $464,591 $393,906 $70,685
2020 $6,203 $459,828 $389,867 $69,961
2019 $6,041 $690,475 $614,459 $76,016
2018 $5,766 $441,975 $374,729 $67,246
2016 $5,556 $424,815 $360,179 $64,636
2015 $5,460 $418,435 $354,769 $63,666
2014 $5,380 $410,239 $347,820 $62,419
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22182787

California Regional Multiple Listing Service (CRMLS)

APN: 4150-009-027

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