R
Seller's Agent in 2015
Rob Dodson
RE/MAX
2617 Gates Ave Redondo Beach, CA 90278
North Redondo Beach Neighborhood
10
Beds
5
Baths
8,268
Sq Ft
0.34
Acres
Highlights
- 0.34 Acre Lot
- Wood Flooring
- Heating System Uses Natural Gas
- Madison Elementary School Rated A+
About This Home
As of May 20152617 & 2619 Gates Avenue are two separate 6 unit buildings on 2 contiguous 7,497 sq.ft. parcels sold together. The two identical 4,134 sq.ft buildings offer a total of 8,268 sq.ft. on 14,994 sq.ft. of land. The buildings have an excellent unit mix of all 2 bedroom and 1 bath units with relative little turnover and a stable tenancy. Both buildings are 100 percent leased with most tenants on month to month tenancy to allow for additional upside potential. 7 of the tenants have not had rent increases in over a year to a year and a half. Pro Forma rents are based on little or no improvements for rent increases. 5 of the units have been recently remodeled. The exterior stucco, stairs and balconies have been recently painted. All 12 units have their own washer and dryer hookups and hot water heaters. Each building has 3 garages with 6 spaces with garage door openers. Both buildings have some new windows. A great opportunity to own a prime property in a great location of North Redondo less than 3 miles from the beach and less than 1 mile from the South Bay Galleria and 405 Freeway.
Last Agent to Sell the Property
Rob Dodson
Estate Properties License #00699626 Listed on: 01/23/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
Parking
- 12 Car Garage
- Parking Available
- Garage Door Opener
- Assigned Parking
Home Design
- 8,268 Sq Ft Home
- Property Attached
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 21 / 2
- Tax Tract Number 2
- Assessor Parcel Number 4153027020
Community Details
Overview
- 2 Buildings
- 12 Units
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $999
- Gardener Expense $1,200
- Insurance Expense $2,516
- Maintenance Expense $6,073
- Professional Management Expense $6,600
- Trash Expense $2,191
- Water Sewer Expense $4,669
- New Taxes Expense $39,366
- Gross Income $16,840
- Net Operating Income $132,404
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2015 05/19/15 | Sold | $3,385,000 | +6.6% | $409 / Sq Ft | |
| 02/02/2015 02/02/15 | Pending | -- | -- | -- | |
| 01/23/2015 01/23/15 | For Sale | $3,175,000 | +21.8% | $384 / Sq Ft | |
| 03/18/2013 03/18/13 | Sold | $2,606,000 | -3.5% | $315 / Sq Ft | View Prior Sale |
| 01/22/2013 01/22/13 | Pending | -- | -- | -- | |
| 12/26/2012 12/26/12 | For Sale | $2,700,000 | -- | $327 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Robert Freedman
Buyer's Agent in 2015
Robert Freedman
DOMO Real Estate
(310) 995-2412
5 in this area
76 Total Sales
-
B
Seller's Agent in 2013
Brice W. Head, MBA
RE/MAX
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV15015869
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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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