M
Seller's Agent in 2018
Morgan Demasco
Lyon Stahl Investment Real Estate, Inc.
2321 Pullman Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated Value: $2,367,000 - $3,313,000
10
Beds
7
Baths
4,730
Sq Ft
$604/Sq Ft
Est. Value
Highlights
- Lawn
- Washington Elementary School Rated A+
- Laundry Room
About This Home
As of March 2018Rare opportunity to own a large 4-unit apartment building in North Redondo! The building is 1971 construction. It offers an ideal unit mix with (2) 3-bed/2-bath, (1) 2-bed/2-bath and (1) 2-bed/1.5-bath. All units have an upside rent potential with a 5.6% market CAP. One of the four units will be delivered vacant at the close of escrow. There is ample parking with 6 one-car garages plus 2 additional spots in the driveway. Located on a quiet street close to Manhattan Beach and Hermosa Beach. Just a short driving distance to the shops at the South Bay Galleria. And, part of the award-winning Redondo Beach School District. This is a great opportunity for first time investors that want to get into the prominent South Bay or for seasoned investors that simply want to increase their portfolio in the area.
Last Agent to Sell the Property
Morgan Demasco
Lyon Stahl Investment Real Estate, Inc. License #02026375 Listed on: 01/05/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,203
Year Built
- Built in 1971
Lot Details
- 7,494 Sq Ft Lot
- No Common Walls
- Lawn
Parking
- 2 Open Parking Spaces
- 6 Car Garage
Home Design
- 4,730 Sq Ft Home
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 23
- Tax Tract Number 6206
- Assessor Parcel Number 4158001023
Community Details
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $100
- Gardener Expense $1,200
- Insurance Expense $1,656
- Maintenance Expense $1,970
- Water Sewer Expense $3,200
- New Taxes Expense $25,000
- Operating Expense $33,126
- Net Operating Income $33,805
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2018
Closed on
Feb 5, 2018
Sold by
Gates David
Bought by
Saito Gentaro and Saito Yuko Y
Seller's Agent
Morgan Demasco
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,000,000
Sold Price
$2,025,000
Premium/Discount to List
$25,000
1.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$830,176
Avg. Annual Appreciation
4.42%
Original Mortgage
$1,417,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 5, 2014
Sold by
Gates Nelson Edward
Bought by
Gates Nelson E
Purchase Details
Closed on
Nov 15, 1995
Sold by
Gates Nelson Edward and Margagliano Louis
Bought by
The Nelson Edward Gates & Louis Margagli
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Saito Gentaro | $2,025,000 | Stewart Title Of California | |
| Gates David | -- | Stewart Title Of California | |
| Gates Nelson E | -- | None Available | |
| The Nelson Edward Gates & Louis Margagli | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Saito Yuko Y | $250,000 | |
| Open | Saito Gentaro | $1,358,500 | |
| Previous Owner | Saito Gentaro | $1,417,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2018 03/23/18 | Sold | $2,025,000 | +1.3% | $428 / Sq Ft |
| 01/19/2018 01/19/18 | Pending | -- | -- | -- |
| 12/05/2017 12/05/17 | For Sale | $2,000,000 | -- | $423 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $26,203 | $2,304,099 | $1,109,381 | $1,194,718 |
| 2024 | $26,203 | $2,258,922 | $1,087,629 | $1,171,293 |
| 2023 | $25,719 | $2,214,630 | $1,066,303 | $1,148,327 |
| 2022 | $25,372 | $2,171,207 | $1,045,396 | $1,125,811 |
| 2021 | $24,763 | $2,128,636 | $1,024,899 | $1,103,737 |
| 2019 | $24,285 | $2,065,500 | $994,500 | $1,071,000 |
| 2018 | $23,709 | $2,025,000 | $1,315,000 | $710,000 |
| 2016 | $3,705 | $223,305 | $61,094 | $162,211 |
| 2015 | $3,646 | $219,952 | $60,177 | $159,775 |
| 2014 | $3,630 | $215,645 | $58,999 | $156,646 |
Source: Public Records
Agents Affiliated with this Home
-
-
Cameron Samimi
Seller Co-Listing Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
187 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18003272
APN: 4158-001-023
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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