NOT LISTED FOR SALE

227 Avenue F Redondo Beach, CA 90277

8 Beds
8 Baths
4,186 Sq Ft
6,024 Sq Ft Lot

Last Sold October 08, 2019

Last sale price $2,750,000 $657 Per Sq Ft

122 Days on Market

About This Home

As of October 2019

-Located on the Cusp of the South Bay's Hottest Market - Hollywood Riviera -Offered at $350,000 Per Unit -Walk to Riviera Village! -No Rent Control and Over 23% in Rental Upside -Less Than 2-Blocks from the Pacific Ocean -Old World Charm - Spanish Style Architecture -Unit Mix - (1) Two-Bed/One-Bath Cottage, (1) Two-Bedroom/One-Bath Unit, (4) One-Bed/One-Bath Units, and (2) Studio/One-Bath Units Pro-Forma Cap Rate of 5.47% & Pro-Forma GRM of 13.30

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 04/29/2019

Co-Listed By

Gianluca Jacoli

Shield CRE, Inc. License #01938297

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 04/29/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,024 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 4,186 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7511-004-034

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • Vacancy Allowance $5,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 4186
  • Price Per Unit: 350000.00
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 668.90

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Structures: 0
  • Parking Garage: On street

Utilities

  • Electric Expense: 4256.00
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Expense: 1814.00

Fee Information

  • Gas Expense: 2045.00
  • Insurance Expense: 1884.00
  • Maintenance Expense: 2400.00
  • Other Expense: 1600.00
  • Trash Expense: 1292.00

Lot Info

  • Assessed Improvement Value: 633746
  • Assessed Land Value: 1769210
  • Assessor Parcel Number: 7511-004-034
  • Geocode Override: No
  • Lot Size Area: 6024

Rental Info

  • Total Actual Rent: 170940.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.38
  • Number Of Units: 8
  • Rent Control: 0
  • Total Annual Expense: 51011
  • Type Of Units: 2 & 1 Bd, St
  • Vacancy Allow: 5128
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 35000.00
  • Tax Percent: 1.25
  • Tax Total: 35000.00

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

Property History

Date Event Price Change Sq Ft Price
10/08/2019 10/08/19 Sold $2,750,000 -1.8% $657 / Sq Ft
06/17/2019 06/17/19 Price Changed $2,800,000 -4.3% $669 / Sq Ft
04/29/2019 04/29/19 For Sale $2,925,000 -- $699 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2019

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    1 in this area

    73 Total Sales

    Jonathan Nikfarjam
    Section Image
  • Gianluca Jacoli

    Seller Co-Listing Agent in 2019

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    7 in this area

    46 Total Sales

    Gianluca Jacoli
    Section Image
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Map

Source: The MLS

MLS Number: 19-460230

The MLS
California Los Angeles County Redondo Beach 90277

227 Avenue F, Redondo Beach, CA

This home is located at 227 Avenue F, Redondo Beach, CA 90277 since 29 April 2019. This property was built in 1924. 227 Avenue F is a home located in Los Angeles County with nearby schools including Tulita Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

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