NOT LISTED FOR SALE

227 N Juanita Ave Redondo Beach, CA 90277

Estimated Value: $2,050,000 - $2,734,000

7 Beds
4 Baths
2,900 Sq Ft
$821/Sq Ft Est. Value

Last Sold October 24, 2019

Last sale price $1,800,000 $621 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $14,727/month

9 Days on Market

Highlights

  • Laundry Room
  • Beryl Heights Elementary School Rated A+
  • Central Heating

About This Home

As of October 2019

Located in a desirable area for tenants, this four unit complex featuring three 2 bedroom/1 bathroom units and one 1 bedroom/1bathroom. New vinyl flooring and carpet installed.All units are currently tenant occupied. This is an opportunity for a buyer to rehab units and build up equity to increase cash flow.

Last Agent to Sell the Property

Vincenzo Altamura

S C Real Estate License #01901957 Listed on: 09/11/2019

Co-Listed By

John Altamura

S C Real Estate License #00935435

Last Buyer's Agent

Chris Eto

Ocean Palisades Realty, Inc. License #01967104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,230

Year Built

  • Built in 1944

Lot Details

  • 5,984 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,900 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 14 / 87
  • Tax Tract Number 6212
  • Assessor Parcel Number 7504013050

Community Details

Overview

  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $24
  • Gardener Expense $100
  • Insurance Expense $130
  • Pest Control $40
  • Professional Management Expense $580
  • Trash Expense $85
  • Water Sewer Expense $60
  • New Taxes Expense $435
  • Operating Expense $29,875
  • Gross Income $90,900
  • Net Operating Income $57,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,230

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 580.00
  • Property Attached: Yes
  • Water Sewer Expenses: 60.00
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 7504013050
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 620.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 40.00
  • Sewer: Public Sewer
  • Trash Expense: 85.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5984.00
  • Lot Size Acres: 0.1374

Multi Family

  • Electric Expense: 24.00
  • Gross Income: 90900.00
  • Gross Scheduled Income: 90900.00
  • Insurance Expense: 130.00
  • Lot Size Area: 5984.0000 Square Feet
  • Net Operating Income: 57556.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 29785.00
  • Rent Control: No
  • Total Expenses: 29875.00

Tax Info

  • New Taxes Expense: 435.00
  • Tax Block: 87
  • Tax Census Tract: 6212.01
  • Tax Lot: 14
  • Tax Tract Number: 6212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 9, 2019
Sold by
Brett Robert A and Brett Cathleen
Bought by
Maezawa Terunobu and Liu Fang
Seller's Agent
Vincenzo Altamura
S C Real Estate
Buyer's Agent
Chris Eto
Ocean Palisades Realty, Inc.
List Price
$1,825,000
Sold Price
$1,800,000
Premium/Discount to List
-$25,000
-1.37%
Current Estimated Value
$2,381,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,288
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
May 9, 2002
Sold by
Brett George
Bought by
Brett George H and The George H Brett 1989 Revoca

Purchase Details

Closed on
May 3, 2002
Sold by
Brett Robert A
Bought by
Brett Robert A and Brett Cathleen

Purchase Details

Closed on
Jun 11, 1998
Sold by
Brett Teresa Louise
Bought by
Brett Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 1995
Sold by
Brett Cathleen M
Bought by
Brett Robert A

Purchase Details

Closed on
Feb 9, 1993
Sold by
Brett Kenneth A and Brett Robert A
Bought by
Brett Robert A and Brett Kenneth A
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
Maezawa Terunobu $1,800,000 Usa National Title Company
Brett George H -- --
Brett Robert A -- --
Brett Kenneth A -- --
Brett Kenneth A -- Southland Title Corporation
Brett George H -- Southland Title Corporation
Brett Robert A -- Southland Title Corporation
Brett Robert A -- --
Brett Kenneth A -- Investors Title Company
Brett Robert A -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brett Robert A $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2019 10/24/19 Sold $1,800,000 -1.4% $621 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $1,825,000 -- $629 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,230 $1,968,558 $1,203,008 $765,550
2024 $22,230 $1,929,960 $1,179,420 $750,540
2023 $21,825 $1,892,119 $1,156,295 $735,824
2022 $21,539 $1,855,020 $1,133,623 $721,397
2021 $21,184 $1,818,648 $1,111,396 $707,252
2019 $5,428 $380,768 $172,256 $208,512
2018 $5,234 $373,303 $168,879 $204,424
2016 $5,027 $358,809 $162,322 $196,487
2015 $4,946 $353,420 $159,884 $193,536
2014 $4,914 $346,498 $156,753 $189,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19216294

California Regional Multiple Listing Service (CRMLS)

APN: 7504-013-050