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
Acre Lot
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
- 14,994 Sq Ft 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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 6, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0367%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 26, 2012
Closed on
Mar 5, 2013
Sold by
Bought by
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Rob Dodson
Estate Properties
List Price
$2,700,000
Sold Price
$2,606,000
Premium/Discount to List
-$94,000
-3.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
0.0353%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 26, 2012
Closed on
Mar 2, 2013
Sold by
Bought by
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Rob Dodson
Estate Properties
List Price
$2,700,000
Sold Price
$2,606,000
Premium/Discount to List
-$94,000
-3.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
0.0353%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 13, 2002
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,692,500 | Progressvie | ||
| $1,303,000 | Old Republic Title Company | ||
| $91,500 | Old Republic Title Company | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $700,000 | ||
| Previous Owner | $750,000 | ||
| Previous Owner | $655,000 | ||
| Previous Owner | $500,000 |
Source: Public Records
Property 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 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $25,191 | $2,034,125 | $1,213,865 | $820,260 |
| 2024 | $24,115 | $1,994,241 | $1,190,064 | $804,177 |
| 2023 | $23,682 | $1,955,139 | $1,166,730 | $788,409 |
| 2022 | $23,371 | $1,916,803 | $1,143,853 | $772,950 |
| 2021 | $22,842 | $1,879,220 | $1,121,425 | $757,795 |
| 2019 | $22,414 | $1,823,483 | $1,088,164 | $735,319 |
| 2018 | $21,846 | $1,787,729 | $1,066,828 | $720,901 |
| 2016 | $21,124 | $1,718,310 | $1,025,402 | $692,908 |
| 2015 | $16,764 | $1,335,066 | $717,227 | $617,839 |
| 2014 | $16,569 | $1,308,915 | $703,178 | $605,737 |
Source: Public Records
Agents Affiliated with this Home
-
-
Robert Freedman
Buyer's Agent in 2015
Robert Freedman
DOMO Real Estate
(310) 995-2412
4 in this area
67 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
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.
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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