NOT LISTED FOR SALE

Estimated Value: $1,903,000 - $2,830,902

8 Beds
4 Baths
3,328 Sq Ft
$707/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2015

Last sale price $1,625,000 $488 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $14,390 / mo

8 Days on Market

Highlights

  • Traditional Architecture
  • End Unit
  • Landscaped
  • Washington Elementary School Rated A+
  • Laundry Room
  • 4 Car Garage

About This Home

As of August 2015

Trophy Property in a prime Redondo Beach location just 2.5 miles from the beach and a few mins to the fwy, restaurants and the South Bay Galleria. 4 unit property with 3 2 bedroom units and a separate 2 bedroom front house. 100% occupied and upside in rent potential. All units are rented month to month. Each unit has been fully remodeled with new floors, kitchens, cabinets , windows and has washer & dryer hookups and separate utilities except water. Driveway, Roof, Exterior Stucco, Electrical and Plumbing have been replaced or upgraded. This property is a turn key bread & butter investment opportunity.

Last Agent to Sell the Property

Jonathan Rodriguez

Estate Properties License #00946916 Listed on: 07/08/2015

Co-Listed By

Sean Rodriguez

Estate Properties License #00938328

Last Buyer's Agent

Tim Hovland

Beach City Brokers License #01261131

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,505 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,328 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 22
  • Assessor Parcel Number 4082003018

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $3,054
  • Pest Control $672
  • Trash Expense $972
  • Water Sewer Expense $1,620
  • Gross Income $7,240
  • Net Operating Income $79,602

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

7,505 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1620.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4082003018
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, End Unit
  • Levels: Two
  • Price Per Square Foot: 488.28

Exterior Features

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

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 672.00
  • Trash Expense: 972.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Landscaped, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 7505.00
  • Price Per Lot Square Foot: 216.52
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 7240.00
  • Gross Scheduled Income: 86880.00
  • Insurance Expense: 3054.00
  • Lot Size Area: 7505.0000 Square Feet
  • Net Operating Income: 79602.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 7278.00
  • Rent Control: No
  • Total Actual Rent: 7240.00

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2015
Closed on
Jul 24, 2015
Sold by
Lacharite Christine and The Mark R La Charite Irrevoca
Bought by
Ivie Patrick Joseph and Ivie Laurie Anne
Seller's Agent
Jonathan Rodriguez
Estate Properties
Buyer's Agent
Tim Hovland
Beach City Brokers
List Price
$1,699,000
Sold Price
$1,625,000
Premium/Discount to List
-$74,000
-4.36%
Current Estimated Value
$2,353,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,226
Avg. Annual Appreciation
3.50%

Purchase Details

Closed on
Mar 17, 2011
Sold by
Lacharite Christine and The Mark & Christine Lacharite
Bought by
Lacharite Christine and The Mark R Lacharite Irrevocab

Purchase Details

Closed on
Mar 27, 2006
Sold by
Lacharite Mark and Lacharite La Charite
Bought by
Lacharite Mark and Lacharite La Charite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2006
Sold by
Lacharite Mark and Lacharite La Charite
Bought by
Lacharite Mark and Lacharite La Charite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2005
Sold by
Lacharite Mark and Lacharite La Charite
Bought by
Lacharite Mark and Lacharite Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 5, 2003
Sold by
Goodin R H and Goodin Elizabeth J
Bought by
Lachartic Mark and Lachartic Christine

Purchase Details

Closed on
Jan 15, 2002
Sold by
Munson Alden V and Munson Jane S
Bought by
Munson Alden V and Munson Jane S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Ivie Patrick Joseph $1,625,000 Usa National Title Co
Lacharite Christine -- None Available
Lacharite Mark -- Lawyers Title
Lacharite Mark -- Lawyers Title
Lacharite Mark -- Landamerica Lawyers Title
Lachartic Mark $730,000 Lawyers Title Company
Munson Alden V -- --
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 Lacharite Mark $810,000
Previous Owner Lacharite Mark $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2015 08/11/15 Sold $1,625,000 -4.4% $488 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $1,699,000 -- $511 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,076 $1,923,664 $1,154,199 $769,465
2024 $22,076 $1,885,946 $1,131,568 $754,378
2023 $21,670 $1,848,968 $1,109,381 $739,587
2022 $21,380 $1,812,715 $1,087,629 $725,086
2021 $20,878 $1,777,172 $1,066,303 $710,869
2020 $20,907 $1,758,950 $1,055,370 $703,580
2019 $20,478 $1,724,462 $1,034,677 $689,785
2018 $19,929 $1,690,650 $1,014,390 $676,260
2016 $19,258 $1,625,000 $975,000 $650,000
2015 $10,700 $863,584 $630,537 $233,047
2014 $10,576 $846,668 $618,186 $228,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15148098

California Regional Multiple Listing Service (CRMLS)

APN: 4082-003-018

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