NOT LISTED FOR SALE
16 Beds
8 Baths
4,956 Sq Ft
7,486 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $2,670,500 $539 Per Sq Ft

15 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Property is near public transit
  • Laundry Room
  • Birney Elementary School Rated A+
  • No HOA
  • Rectangular Lot

About This Home

As of May 2022

GOLDEN OPPORTUNITY Knocks in Prime North Redondo Beach Neighborhood Next to Posh Manhattan Beach. FIXER & UPSIDE POTENTIAL - VALUE-ADD Investor's Dream. First Time on Market in Over 35 Years. RARELY Does an 8-Unit Apartment Building with 2 Bedrooms & 1 Bath Each (Total 16 Bdrm & 8 Bath) Come Up For Sale in the South Bay. Total 4,956 SQFT. Zone RB3, Huge 7,486 SQFT Lot Size 50' X 150' per Assessors Data (Buyer & Agents to Verify). Private Parking Spaces Along the Side for 8 Vehicles Plus One Extra for Maintenance Truck. Separate Gas & Electric Meters for Each Unit. On-site Community Laundry Room. Conveniently Located to Public Transportation, Shopping, Eateries, Restaurants, Coffee Shops, Theatre, Award Winning Redondo Beach Schools, Parks and Beaches.

Last Agent to Sell the Property

Peggy Higuchi

Berkshire Hathaway HomeService License #00996910 Listed on: 02/02/2022

Berkshire Hathaway HomeService

Last Buyer's Agent

Watson Gan

eXp Realty of California Inc License #01320297

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,486 Sq Ft Lot
  • Two or More Common Walls
  • Southwest Facing Home
  • Rectangular Lot
  • Density is 6-10 Units/Acre

Home Design

  • Midcentury Modern Architecture
  • Apartment
  • Fixer Upper
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 4,956 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Parking Available
  • Private Parking
  • Driveway Level
  • Parking Lot

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 19 / 5
  • Tax Tract Number 620
  • Assessor Parcel Number 4157003018
  • $2,728 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Fuel Expense $2,025
  • Gardener Expense $330
  • Insurance Expense $2,097
  • Professional Management Expense $7,451
  • Trash Expense $2,837
  • Water Sewer Expense $5,921
  • Operating Expense $21,057
  • Gross Income $1,100
  • Net Operating Income $95,645

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Office
  • Other Phone Ext: 137
  • Other Phone Number: 310-544-5091
  • Price Per Unit: 406250
  • Professional Management Expense: 7451.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Water Sewer Expenses: 5921.00
  • Zoning: RBR-3
  • Architectural Style: Mid Century Modern
  • Property Condition: Fixer
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 330.00
  • Parcel Number: 4157003018
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 538.84

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Driveway Level, Parking Space, Private
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Natural Gas Not Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2837.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 7486.00
  • Lot Size Acres: 0.1719

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 619 Square Feet
  • Electric Expense: 396.00
  • Fuel Expense: 2025.00
  • Gross Income: 1100.00
  • Gross Operating Income: 121640.00
  • Gross Scheduled Income: 121640.00
  • Insurance Expense: 2097.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1100.00
  • Lot Size Area: 7486.0000 Square Feet
  • Net Operating Income: 95645.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 25995.00
  • Rent Control: Yes
  • Total Expenses: 21057.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 6206.01
  • Tax Lot: 19
  • Tax Tract Number: 620...
  • TaxOtherAnnualAssessmentAmount: 2727.58

Range of Values:

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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
05/16/2022 05/16/22 Sold $2,670,500 -17.8% $539 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $3,250,000 -- $656 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22008927

California Regional Multiple Listing Service (CRMLS)