NOT LISTED FOR SALE

Estimated Value: $1,573,000 - $3,409,539

9 Beds
8 Baths
4,764 Sq Ft
$509/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $2,200,000 $462 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $16,017/month

45 Days on Market

About This Home

As of April 2017

4 UNITS with separate enclosed garages - Great Investment opportunity in Redondo Beach! Very well maintained. 3 bedroom unit has newer plumbing, water heater, and flooring, 1 year old roof, and fireplace. Washer/Dryer hook-ups in each unit. NOTE all 2 bedrooms have 1 1/2 baths. Pride of Ownership is evident when viewing this beautiful property. Current total rents are approximately $8,140 month. All units are tenant occupied by working professionals. ABSOLUTELY do not disturb tenants. All Offers subject to interior inspection upon accepted offer.

All Information deemed reliable but not guaranteed. Buyer to verify all information.

Last Agent to Sell the Property

Debbie Arai

Classic Design Properties License #01900371 Listed on: 02/14/2017

Last Buyer's Agent

Tommy Murakoshi

Kaji & Associates License #01863029

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,976

Year Built

  • Built in 1969

Lot Details

  • 7,497 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 7 Car Garage

Home Design

  • 4,764 Sq Ft Home
  • Quadruplex
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Water Heater

Listing and Financial Details

  • Legal Lot and Block 21 / 78
  • Assessor Parcel Number 4157030021

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $345
  • Insurance Expense $2,044
  • Trash Expense $979
  • Water Sewer Expense $1,680
  • New Taxes Expense $10,182
  • Operating Expense $15,230
  • Gross Income $97,680
  • Net Operating Income $82,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,976

Year Built

Built in 1969

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: OTHR
  • Water Sewer Expenses: 1680.00
  • Zoning: R2YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4157030021
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 461.80

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Appliances: Water Heater Central
  • Sewer: Public Sewer
  • Trash Expense: 979.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7497.00

Multi Family

  • Electric Expense: 345.00
  • Gross Income: 97680.00
  • Gross Scheduled Income: 97680.00
  • Insurance Expense: 2044.00
  • Net Operating Income: 82450.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15230.00
  • Rent Control: No
  • Total Actual Rent: 8140.00
  • Total Expenses: 15230.00

Tax Info

  • New Taxes Expense: 10182.00
  • Tax Block: 78
  • Tax Lot: 21
  • Tax Tract Number: RVT B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2017
Sold by
Tatsumi Cynthia M
Bought by
Gct Properties Llc
Total Days on Market
45
Current Estimated Value
$2,423,180

Purchase Details

Listed on
Feb 14, 2017
Closed on
Apr 6, 2017
Sold by
Bemis Darin Wynn
Bought by
Tatsumi Cynthia M and The Cynthia M Tatsumi Childrens Trust
Seller's Agent
Debbie Arai
Classic Design Properties
Buyer's Agent
Tommy Murakoshi
Kaji & Associates
List Price
$2,400,000
Sold Price
$2,200,000
Premium/Discount to List
-$200,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.20%

Purchase Details

Closed on
Dec 6, 2000
Sold by
Ryan Joan Schafer and Will Of Ed P Schafer
Bought by
Bemis Darin Wynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
7.81%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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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
Gct Properties Llc -- None Available
Tatsumi Cynthia M $2,200,000 Provident Title
Bemis Darin Wynn $630,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bemis Darin Wynn $980,000
Previous Owner Bemis Darin Wynn $150,000
Previous Owner Bemis Darin Wynn $654,400
Previous Owner Bemis Darin Wynn $691,600
Previous Owner Bemis Darin Wynn $735,000
Previous Owner Bemis Darin Wynn $100,000
Previous Owner Bemis Darin Wynn $284,000
Previous Owner Bemis Darin Wynn $508,000
Previous Owner Bemis Darin Wynn $504,000
Closed Bemis Darin Wynn $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2017 04/21/17 Sold $2,200,000 -3.3% $462 / Sq Ft
03/16/2017 03/16/17 Price Changed $2,275,000 -5.2% $478 / Sq Ft
02/14/2017 02/14/17 For Sale $2,400,000 -- $504 / 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
2024 $28,976 $2,503,219 $1,627,093 $876,126
2023 $28,440 $2,454,138 $1,595,190 $858,948
2022 $28,057 $2,406,018 $1,563,912 $842,106
2021 $27,384 $2,358,843 $1,533,248 $825,595
2019 $26,857 $2,289,820 $1,487,772 $802,048
2018 $26,145 $2,244,940 $1,458,600 $786,340
2016 $10,182 $801,911 $229,114 $572,797
2015 $9,999 $789,867 $225,673 $564,194
2014 $9,888 $774,396 $221,253 $553,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17028716

California Regional Multiple Listing Service (CRMLS)

APN: 4157-030-021