NOT LISTED FOR SALE

Estimated Value: $1,771,000 - $2,607,817

6 Beds
3 Baths
3,611 Sq Ft
$596/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2017

Last sale price $1,735,000 $480 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $13,809 / mo

10 Days on Market

Highlights

  • Laundry Room
  • 4 Car Garage
  • 4-minute walk to Perry Park
  • Birney Elementary School Rated A+
  • Front Yard

About This Home

As of July 2017

This 4 unit apartment building on a one-way street on a very desirable street in North REDONDO BCH/ VILLAS SOUTH. Very close to Manhattan Beach and walking distance to the many dining and shopping options on Artesia Blvd. This building offers an excellent unit mix- 1 Free standing 3 Bedrooms + office 1 bath house with front grassy yard, and a three unit mix building in the rear which consists of (2)- 2 Bedroom / 1 Bath units and (1) - 1 Bedroom / 1 Bath unit. There are four single car garages as well with a patio area. There is also a laundry room onsite and a large driveway on this 50 X 150 lot. One of the two bedroom units has just been renovated new kitchen and bath/ hardwood floors refurbished. There is tons of rental upside!
Please drive by only do not walk the property or disturb any of the current tenants.

Last Agent to Sell the Property

Sara Magers

1st Platinum Realty License #01316000 Listed on: 05/15/2017

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Grace Lee

The Realestate Group License #00862660

The Realestate Group

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,512 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 3,611 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 6206
  • Assessor Parcel Number 4157011003

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,264
  • Trash Expense $980
  • Water Sewer Expense $960
  • New Taxes Expense $20,313
  • Operating Expense $24,297
  • Gross Income $65,100
  • Net Operating Income $40,803

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

7,512 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.94
  • Property Attached: Yes
  • Water Sewer Expenses: 960.00
  • Zoning: RBR-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 4157011003
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 480.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 980.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7512.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 65100.00
  • Gross Multiplier: 24.96
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 1264.00
  • Net Operating Income: 40803.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Patio: 1
  • Operating Expense: 24297.00
  • Other Income Description: one 2 bedroom unit is vacant
  • Rent Control: No
  • Total Actual Rent: 5425.00
  • Total Expenses: 24297.00

Tax Info

  • New Taxes Expense: 20313.00
  • Tax Census Tract: 6206.01
  • Tax Lot: 3
  • Tax Tract Number: 6206.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Jun 28, 2017
Sold by
Heidger Robert C and Heidger Dina
Bought by
Seller's Agent
Sara Magers
1st Platinum Realty
Buyer's Agent
Grace Lee
The Realestate Group
List Price
$1,625,000
Sold Price
$1,735,000
Premium/Discount to List
$110,000
6.77%
Current Estimated Value
$2,155,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,547
Avg. Annual Appreciation
2.38%

Purchase Details

Closed on
Nov 9, 2004
Sold by
Heidger Robert C
Bought by
Heidger Robert C and Heidger Dina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2003
Sold by
Heidger Dina
Bought by
Heidger Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
5.94%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 12, 2002
Sold by
Heldger Robert C
Bought by
Heldger Robert C and Heldger Dina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
7.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2002
Sold by
Heidger Dina and Demeo Dina
Bought by
Heidger Robert C

Purchase Details

Closed on
Dec 14, 1998
Sold by
Maeshiro Tsuyoshi
Bought by
Demeo Dina

Purchase Details

Closed on
Mar 27, 1998
Sold by
Goldberg Edward and Edward & Diane Goldberg Family
Bought by
Maeshiro Tsuyoshi

Purchase Details

Closed on
Nov 15, 1997
Sold by
Goldberg Edward and Goldberg Diana
Bought by
Goldberg Edward and Goldberg Diana Marie
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Redondo Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,735,000 Fidelity National Title Co
Heidger Robert C -- Ticor Title
Heidger Robert C -- Fidelity National Title
Heldger Robert C -- --
Heidger Robert C -- Commonwealth Land Title Co
Demeo Dina $425,000 Southland Title
Maeshiro Tsuyoshi $360,000 Fidelity National Title Ins
Goldberg Edward -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $712,500
Previous Owner Heidger Robert C $728,000
Previous Owner Heidger Robert C $511,000
Previous Owner Heidger Robert C $366,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $1,735,000 +6.8% $480 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $1,625,000 -- $450 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,676 $2,013,610 $1,311,458 $702,152
2025 $23,676 $1,974,129 $1,285,744 $688,385
2024 $22,660 $1,935,422 $1,260,534 $674,888
2023 $22,244 $1,897,473 $1,235,818 $661,655
2022 $21,947 $1,860,269 $1,211,587 $648,682
2021 $21,429 $1,823,794 $1,187,831 $635,963
2020 $21,459 $1,805,094 $1,175,652 $629,442
2019 $21,019 $1,769,700 $1,152,600 $617,100
2018 $20,436 $1,735,000 $1,130,000 $605,000
2016 $7,403 $562,822 $250,289 $312,533
2015 $7,271 $554,369 $246,530 $307,839
2014 $7,199 $543,510 $241,701 $301,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17107005

California Regional Multiple Listing Service (CRMLS)

APN: 4157-011-003

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