T
Seller's Agent in 2021
Tak Kida
Takeshi Kida
(424) 340-2379
1 in this area
8 Total Sales
224 S Broadway Redondo Beach, CA 90277
Estimated Value: $1,892,000 - $2,731,000
4
Beds
4
Baths
2,137
Sq Ft
$1,105/Sq Ft
Est. Value
Highlights
- No HOA
- Alta Vista Elementary School Rated A+
- Laundry Room
About This Home
As of July 2021PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifully
remodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs,
vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage with
three-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge tax
reduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don’t miss
this opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
Last Buyer's Agent
Keiko Yamagishi
Meldia Investment Realty of America License #02079713
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 7,505 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 2 Car Garage
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 38 / 168
- Tax Tract Number 8055
- Assessor Parcel Number 7505019041
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,200
- Water Sewer Expense $2,000
- New Taxes Expense $17,625
- Operating Expense $22,825
- Gross Income $124,800
- Net Operating Income $99,475
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2019
Closed on
Nov 12, 2019
Sold by
Farnell Lisa A and Vincent Family Trust
Bought by
Meldia Investment Realty Of America Inc
Seller's Agent
Nick Peters
Real Broker
Buyer's Agent
Rika Shimizu
Meldia Investment Realty of America
List Price
$1,800,000
Sold Price
$1,780,000
Premium/Discount to List
-$20,000
-1.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$582,122
Avg. Annual Appreciation
4.62%
Purchase Details
Closed on
Jul 9, 2003
Sold by
Vincent Lionel W and Vincent Barbara A
Bought by
Vincent Lionel W and Vincent Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,500
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 17, 2001
Sold by
Vincent Lionel W and Vincent Barbara A
Bought by
Vincent Lionel W and Vincent Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Purchase Details
Closed on
Aug 28, 2001
Sold by
Vincent Lionel W and Vincent Barbara A
Bought by
Vincent Lionel W and Vincent Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Purchase Details
Closed on
Feb 1, 1995
Sold by
Vincent Lionel W and Vincent Barbara A
Bought by
Vincent Lionel W and Vincent Barbara A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meldia Investment Realty Of America Inc | $1,780,000 | Usa National Title | |
| Vincent Lionel W | -- | Lawyers Title | |
| Vincent Lionel W | -- | Lawyers Title | |
| Vincent Lionel W | -- | -- | |
| Vincent Lionel W | -- | Investors Title Company | |
| Vincent Lionel W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vincent Lionel W | $258,500 | |
| Previous Owner | Vincent Lionel W | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $2,350,000 | 0.0% | $1,100 / Sq Ft | |
| 02/16/2021 02/16/21 | For Sale | $2,350,000 | 0.0% | $1,100 / Sq Ft | |
| 02/01/2021 02/01/21 | Off Market | $2,350,000 | -- | -- | |
| 12/29/2020 12/29/20 | For Sale | $2,350,000 | 0.0% | $1,100 / Sq Ft | |
| 07/25/2020 07/25/20 | Rented | $2,650 | 0.0% | -- | |
| 06/05/2020 06/05/20 | For Rent | $2,650 | 0.0% | -- | |
| 12/11/2019 12/11/19 | Sold | $1,780,000 | -1.1% | $833 / Sq Ft | View Prior Sale |
| 11/06/2019 11/06/19 | Pending | -- | -- | -- | |
| 10/23/2019 10/23/19 | For Sale | $1,800,000 | -- | $842 / 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 | $15,921 | $1,319,000 | $870,000 | $449,000 |
| 2024 | $13,067 | $1,096,000 | $723,000 | $373,000 |
| 2023 | $12,262 | $1,022,000 | $674,000 | $348,000 |
| 2022 | $17,416 | $1,429,000 | $943,000 | $486,000 |
| 2021 | $20,951 | $1,798,440 | $1,212,432 | $586,008 |
| 2020 | $20,982 | $1,780,000 | $1,200,000 | $580,000 |
| 2019 | $5,335 | $373,272 | $255,963 | $117,309 |
| 2018 | $5,137 | $365,954 | $250,945 | $115,009 |
| 2016 | $4,927 | $351,745 | $241,201 | $110,544 |
| 2015 | $4,848 | $346,462 | $237,578 | $108,884 |
| 2014 | $4,818 | $339,677 | $232,925 | $106,752 |
Source: Public Records
Agents Affiliated with this Home
-
Tak Kida
-
K
Buyer's Agent in 2021
Keiko Yamagishi
Meldia Investment Realty of America
-
Kayoko Inoue
Seller's Agent in 2020
Kayoko Inoue
eXp Realty of California Inc
(310) 308-2358
4 Total Sales
-
Nick Peters
Seller's Agent in 2019
Nick Peters
Real Broker
(310) 308-2609
7 in this area
50 Total Sales
-
Benjamin Larson
Seller Co-Listing Agent in 2019
Benjamin Larson
Real Broker
(310) 400-0536
5 in this area
39 Total Sales
-
R
Buyer's Agent in 2019
Rika Shimizu
Meldia Investment Realty of America
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20263623
APN: 7505-019-041
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.
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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