NOT LISTED FOR SALE

Estimated Value: $1,715,000 - $1,870,000

5 Beds
4 Baths
2,839 Sq Ft
$629/Sq Ft Est. Value

Last Sold January 26, 2017

Last sale price $1,300,000 $458 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $10,927/month

9 Days on Market

Highlights

  • Central Heating and Cooling System
  • Washington Elementary School Rated A+
  • Level Lot

About This Home

As of January 2017

Turn Key & Regular Sale! This is a newly remodeled 2 unit apartment building located in the heart of Redondo Beach. Both units have been tastefully remodeled with a contemporary design inside. The upstairs unit features 2 bedrooms and 2 full bathrooms as well a living room, dining area, and newly remodeled kitchen with soft-close cabinets and stainless steel appliances. The downstairs unit, which is actually two floors, features 3 bedrooms and 2.5 bathrooms with the master on the ground floor. Other features of the downstairs unit include an open concept layout between the family room, dining area, and newly remodeled kitchen, also with soft-close cabinets and stainless steel appliances. A powder room and living room complete the downstairs unit. There is a brand new HVAC on both units. The apartment building encompasses 2,839 sqft while the lot itself is 5,012 sqft. Other amenities include a shared laundry room, and shared terrace-like balcony, a 2-car and 1-car garage, as well as an uncovered parking spot. This is the perfect income property for investors or for the landlord who wants to live on site. Top unit is currently under a 3 month lease with the option to go month-to-month after. Property to be sold with tenants in place.

Last Agent to Sell the Property

Tin-Jon Syiau

REVA License #01913608 Listed on: 12/01/2016

Last Buyer's Agent

Gabrielle Herendeen

Estate Properties License #01325858

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,899

Year Built

  • Built in 1966

Lot Details

  • 5,012 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • 2,839 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 4082001027

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,899

Year Built

Built in 1966

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Parcel Number: 4082001027
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 457.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5012.00

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6206.01
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2016
Closed on
Jan 24, 2017
Sold by
Herndon Mary Heather
Bought by
Treglia Sean Patrick and Herndon Mary Heather
Seller's Agent
Tin-Jon Syiau
REVA
Buyer's Agent
Gabrielle Herendeen
Estate Properties
List Price
$1,348,000
Sold Price
$1,300,000
Premium/Discount to List
-$48,000
-3.56%
Current Estimated Value
$1,786,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,657
Avg. Annual Appreciation
3.66%
Original Mortgage
$975,000
Outstanding Balance
$792,834
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$993,823

Purchase Details

Listed on
Dec 1, 2016
Closed on
Dec 22, 2016
Sold by
Rac Development Inc
Bought by
Herndon Mary Heather
Seller's Agent
Tin-Jon Syiau
REVA
Buyer's Agent
Gabrielle Herendeen
Estate Properties
List Price
$1,348,000
Sold Price
$1,300,000
Premium/Discount to List
-$48,000
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$792,834
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$993,823

Purchase Details

Listed on
May 31, 2016
Closed on
Jul 6, 2016
Sold by
Dworetzky Thomas A
Bought by
Rac Development Inc and Rac Development Inc Investment Trust
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Judy Tyng-Ru Chen
Judy Chen, BROKER
List Price
$975,000
Sold Price
$930,000
Premium/Discount to List
-$45,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.40%
Original Mortgage
$650,000
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 1999
Sold by
Aloisio Joseph
Bought by
Dworetzky Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,250
Interest Rate
7.12%

Purchase Details

Closed on
Mar 26, 1998
Sold by
Hodges Richard M
Bought by
Aloisio Joseph

Purchase Details

Closed on
Oct 7, 1994
Sold by
Hodges Debby
Bought by
Hodges Richard Mcclure

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.5%
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

Date Buyer Sale Price Title Company
Treglia Sean Patrick -- Ticor Title Company
Herndon Mary Heather -- Ticor Title Company
Herndon Mary Heather $1,300,000 Ticor Title Co
Rac Development Inc $930,000 Ticor Title Company
Dworetzky Thomas A $303,000 Southland Title Corporation
Aloisio Joseph -- --
Hodges Richard Mcclure -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herndon Mary Heather $975,000
Previous Owner Rac Development Inc $650,000
Previous Owner Dworetzky Thomas A $227,250
Previous Owner Hodges Richard Mcclure $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2017 01/26/17 Sold $1,300,000 -3.6% $458 / Sq Ft
12/10/2016 12/10/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $1,348,000 +44.9% $475 / Sq Ft
07/28/2016 07/28/16 Sold $930,000 -4.6% $328 / Sq Ft View Prior Sale
07/06/2016 07/06/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $975,000 -- $343 / 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
2025 $17,899 $1,508,758 $980,693 $528,065
2024 $17,899 $1,479,175 $961,464 $517,711
2023 $17,576 $1,450,172 $942,612 $507,560
2022 $17,257 $1,421,738 $924,130 $497,608
2021 $16,787 $1,393,861 $906,010 $487,851
2019 $16,380 $1,352,520 $879,138 $473,382
2018 $15,916 $1,326,000 $861,900 $464,100
2016 $5,563 $393,388 $259,665 $133,723
2015 $5,473 $387,480 $255,765 $131,715
2014 $5,397 $379,890 $250,755 $129,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16756351

California Regional Multiple Listing Service (CRMLS)

APN: 4082-001-027