$2,220,000
SOLD DEC 1, 2021

232 Avenue C Redondo Beach, CA 90277

5 Beds
3 Baths
2,789 Sq Ft
6,005 Sq Ft Lot

Recently Sold

$796 Per Sq Ft

1% Above List Price

9 Days on Market

Highlights

  • RV Access or Parking
  • Property is near public transit
  • 3 Car Direct Access Garage
  • Tulita Elementary School Rated A+
  • No HOA
  • Bungalow

About This Home

As of December 2021

This Beach side triplex with historic character and charm has been held and maintained by the same family that added the two units in 1957, retaining the original wood floors, arched ceilings, hall-door ways and windows. The tiled front façade tops off the beauty of this Southern California Beach 3 bedroom Bungalow with two 1 bedroom rentals over an oversized Garage (a double and a single plus a bonus storage work area). A fantastic location, that is within blocks to the beach, boutique stores, restaurants, bars, supporting local professional businesses and the famous Riviera Village thriving commercial hub. This property is ideal for an investor or an owner user subject to existing leases (3bdrm - m/m - 1bdrm - 1 yr lease - 1bdrm). Property is being prepared for sale and will be active with a market brochure by 8/30. all offers to be made subject to inspection. Garage has been occupied by the current owner and will be cleared and vacant at the close of escrow. Seller will start responding to offers on September 1 or after once received.

Last Agent to Sell the Property

Michael Talbot

Estate Properties License #00645363 Listed on: 08/24/2021

Last Buyer's Agent

Michael Talbot

Estate Properties License #00645363 Listed on: 08/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,437

Year Built

  • Built in 1927

Lot Details

  • 6,005 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Workshop in Garage
  • Rear-Facing Garage
  • Three Garage Doors
  • Parking Lot
  • RV Access or Parking

Home Design

  • Triplex
  • Bungalow
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,789 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 8
  • Tax Tract Number 2546
  • Assessor Parcel Number 7509008002
  • $1,883 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $12,480
  • Gross Income $62,400
  • Net Operating Income $49,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,437

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 731667
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • View: No
  • Zoning: RBR-1
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7509008002
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front door
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 795.98

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Paved, Garage Faces Rear, Garage - Three Door, On Site, Parking Space, RV Access/Parking, Workshop in Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 6005.00
  • Lot Size Acres: 0.1379

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average3 Bed Area: 1600 Square Feet
  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Lot Size Area: 6005.0000 Square Feet
  • Net Operating Income: 49920.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 12480.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 12480.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 6213.26
  • Tax Lot: 2
  • Tax Tract Number: 2546
  • TaxOtherAnnualAssessmentAmount: 1883.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 15, 2021
Sold by
801 Investments Llc
Bought by
Venu Chandrasekaran and Konda Bindumadhavi
Seller's Agent
Michael Talbot
Estate Properties
Buyer's Agent
Michael Talbot
Estate Properties
List Price
$2,195,000
Sold Price
$2,220,000
Premium/Discount to List
$25,000
1.14%
Current Estimated Value
$2,553,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,364
Avg. Annual Appreciation
3.90%
Original Mortgage
$1,375,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2009
Sold by
Caruso Paul Carey and Caruso Douglas
Bought by
801 Investments Llc

Purchase Details

Closed on
Aug 2, 2005
Sold by
Ball Lucille Caruso
Bought by
Ball James Michael and Ball Lucille Caruso
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,220,000 Progressive Title
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Open $1,402,000 New Conventional
Closed $1,375,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2024 03/03/24 Rented $6,150 -9.6% --
02/26/2024 02/26/24 Under Contract -- -- --
01/31/2024 01/31/24 Price Changed $6,800 -9.3% $4 / Sq Ft
12/07/2023 12/07/23 For Rent $7,500 0.0% --
12/01/2021 12/01/21 Sold $2,220,000 +1.1% $796 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $2,195,000 0.0% $787 / Sq Ft
07/01/2016 07/01/16 Rented $3,400 0.0% --
06/10/2016 06/10/16 For Rent $3,400 +3.0% --
10/14/2015 10/14/15 Rented $3,300 -2.9% --
10/14/2015 10/14/15 Under Contract -- -- --
09/28/2015 09/28/15 For Rent $3,400 -- --
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 $27,437 $2,355,881 $1,061,208 $1,294,673
2024 $27,437 $2,309,688 $1,040,400 $1,269,288
2023 $29,157 $2,264,400 $1,020,000 $1,244,400
2022 $26,454 $2,220,000 $1,000,000 $1,220,000
2021 $7,817 $533,505 $213,396 $320,109
2020 $7,752 $528,035 $211,208 $316,827
2019 $7,551 $517,682 $207,067 $310,615
2018 $7,260 $507,532 $203,007 $304,525
2016 $6,978 $487,825 $195,125 $292,700
2015 $6,871 $480,499 $192,195 $288,304
2014 $6,778 $471,088 $188,431 $282,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21185523

California Regional Multiple Listing Service (CRMLS)

APN: 7509-008-002