NOT LISTED FOR SALE

2523 Gates Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,344,000 - $2,504,381

9 Beds
9 Baths
4,968 Sq Ft
$489/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $2,295,000 $462 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $15,696/month

36 Days on Market

Highlights

  • End Unit
  • No HOA
  • Landscaped
  • Madison Elementary School Rated A+
  • Laundry Room
  • 4-minute walk to Dale Page Park

About This Home

As of December 2023

*** Back on Market*** Subject to Cancellation*** Sought after North Redondo 4 units you've been waiting for!! All units are TOWNHOME style, each with private patio/yard. Desirable corner lot for easy access to garages, laundry room & parking. Unit A is a 3 bedrooms/2.5 baths townhome completely remodeled with newer kitchen, bathrooms & flooring, attached 2-car garage. Unit B,C,D are identical with 2 bedrooms/1.5 baths, private patio. Four larger units total 4968 sqft on a 7502 sqft corner lot. Three 2-car garage. Great convenient location close to beach, school, park, shopping, restaurants & freeway. Well maintained property by professional management company

Last Listed By

Betty Waung

Keller Williams Palos Verdes License #01209543 Listed on: 10/04/2023

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,741

Year Built

  • Built in 1969

Lot Details

  • 7,502 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Landscaped
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,968 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Additional Features

  • Exterior Lighting
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 24 / 3
  • Tax Tract Number 2
  • Assessor Parcel Number 4153014019

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,741

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 598750
  • Property Attached: Yes
  • View: No
  • Zoning: RBR-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4153014019
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls, End Unit
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 461.96

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average2 Bed Area: 1180 Square Feet
  • Average3 Bed Area: 1428 Square Feet
  • Gross Scheduled Income: 123900.00
  • Lot Size Area: 7502.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: No

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 6205.21
  • Tax Lot: 24
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Dec 14, 2023
Sold by
Doann Jocelyn M
Bought by
Nguyen John
Seller's Agent
Betty Waung
Keller Williams Palos Verdes
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,395,000
Sold Price
$2,295,000
Premium/Discount to List
-$100,000
-4.18%
Total Days on Market
36
Views
31
Current Estimated Value
$2,429,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,345
Avg. Annual Appreciation
4.18%
Original Mortgage
$1,260,000
Outstanding Balance
$1,244,106
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$1,185,239

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 16, 2023
Sold by
Leung Family Trust and Ho Family Trust
Bought by
Nguyen John and Nguyen Josephhung Tran
Seller's Agent
Betty Waung
Keller Williams Palos Verdes
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,395,000
Sold Price
$2,295,000
Premium/Discount to List
-$100,000
-4.18%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$1,244,106
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$1,185,239

Purchase Details

Closed on
Mar 28, 2018
Sold by
Ho Hoon Yin
Bought by
Ho Hoon Hin and Ho Rita F

Purchase Details

Closed on
Nov 10, 2006
Sold by
Leung James Y
Bought by
Leung James Y and Leung Ann M

Purchase Details

Closed on
Nov 22, 1999
Sold by
Metros Chris G
Bought by
Ho Hoon Yin and Ho Rita F

Range of Values:

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Average Value
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List Price
Sold Price
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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
Nguyen John -- Fidelity National Title
Nguyen John $2,295,000 Fidelity National Title
Ho Hoon Hin -- None Available
Leung James Y -- None Available
Ho Hoon Yin $76,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen John $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $2,295,000 -4.2% $462 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $2,395,000 -- $482 / 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 $26,741 $2,295,000 $1,500,000 $795,000
2023 $11,348 $891,763 $423,823 $467,940
2022 $11,201 $874,278 $415,513 $458,765
2021 $10,939 $857,136 $407,366 $449,770
2019 $10,738 $831,715 $395,284 $436,431
2018 $10,393 $815,408 $387,534 $427,874
2016 $10,032 $783,747 $372,487 $411,260
2015 $9,854 $771,975 $366,892 $405,083
2014 $9,745 $756,854 $359,706 $397,148
Source: Public Records

Agents Affiliated with this Home

  • Betty Waung

    Seller's Agent in 2023

    Betty Waung

    Keller Williams Palos Verdes

    (310) 293-3319

    3 in this area

    29 Total Sales

    Betty Waung
    Section Image
  • Joyce Yang

    Seller Co-Listing Agent in 2023

    Joyce Yang

    RE/MAX

    3 in this area

    46 Total Sales

    Joyce Yang
    Section Image

  • N

    Buyer's Agent in 2023

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,530 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23174331

California Regional Multiple Listing Service (CRMLS)

APN: 4153-014-019

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2523 Gates Ave, Redondo Beach, CA

Homes for Sale in Redondo Beach, CA

This home is located at 2523 Gates Ave, Redondo Beach, CA 90278 since 04 October 2023 and is currently estimated at $2,429,345, approximately $488 per square foot. This property was built in 1969. 2523 Gates Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Adams Middle School, and Redondo Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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