NOT LISTED FOR SALE

Estimated Value: $1,577,000 - $1,679,000

6 Beds
2 Baths
2 Sq Ft
$813,834/Sq Ft Est. Value

Sale Details

Date Sold: August 19, 2022

Last sale price $1,650,000 $825,000 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,552 / mo

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Living Room
  • Madison Elementary School Rated A+
  • Neighborhood Views
  • Laundry Room

About This Home

As of August 2022

RARE find in this Modern Coastal gem....Incredibly laid out FULLY DETACHED DUPLEX fully rebuilt in 2021 in fabulous Redondo Beach! Great rents, Great tenants in this one of a kind Multi Family compound that has been meticulously curated to the most particular of investors/buyers. Run like two separate homes, both houses with 3 bedrooms and 1 bathroom, both with their own laundry units inside, both with their own separate gated in outdoor space/yards and both with their own tankless water heater PLUS a separate 2 car garage (primed to function as an ADU for extra income should the new owner desire to do so) and room for 3-4 cars in the driveway. No stone left unturned here....from the lovely landscaping (w/drip system), new wood perimeter and front fencing and sleek smooth stucco exterior. Carbon copies of each other, both homes boast sleek Luxury Vinyl flooring throughout, Dual pane windows throughout, recessed lighting in place and Cathedral Ceilings in the living space for ultimate natural light and openness throughout the homes. Both kitchens have gleaming Cesar Stone counter tops, White shaker custom cabinets, Stainless Steel appliances (w/built in microwaves) and massive Stainless Farm sinks, with great storage space throughout and direct access to your private back yard! All 6 bedrooms are ample in size with good closet space/interior closet organizer systems, mirrored closet doors and pitched ceilings as well. Well appointed smart bathrooms with floating glass enclosure, step in showers wrapped in subway tile. Taken down to the studs and refunctioned to add an extra bedroom in each unit, new roof, new electrical panel, new sewer line, new plumbing, new furnaces, new driveway and concrete perimeter. Fantastic investment in the heart of Award winning Redondo Beach Schools, close to Spacex, Silicon Beach, freeways, shops and hip eateries....

Last Agent to Sell the Property

Heidi Ludwig

Redfin Corporation License #01400091 Listed on: 07/26/2022

Redfin Corporation

Last Buyer's Agent

Anthony Russo

FIRST KEY REALTY GROUP INC License #01085980

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 4,998 Sq Ft Lot
  • No Common Walls
  • Drip System Landscaping
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2 Sq Ft Home
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 3 / 8
  • Tax Tract Number 2
  • Assessor Parcel Number 4153030023
  • $1,385 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,032
  • Trash Expense $384
  • Water Sewer Expense $2,160
  • Operating Expense $1,324
  • Net Operating Income $82,676

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

4,998 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Any landlord belongings
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2160.00
  • Zoning: RBR-3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4153030023
  • Year Built: 2021
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Room Type: All Bedrooms Down, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 384.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers Drip System
  • Lot Size Sq Ft: 4998.00
  • Lot Size Acres: 0.1147

Multi Family

  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1032.00
  • Lot Size Area: 4998.0000 Square Feet
  • Net Operating Income: 82676.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1324.00
  • Rent Control: No
  • Total Actual Rent: 7000.00
  • Total Expenses: 1324.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 6205.21
  • Tax Lot: 3
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 1385.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Aug 16, 2022
Sold by
Bacchus Fund Llc
Bought by
Prado Family Living Trust
Seller's Agent
Heidi Ludwig
Redfin Corporation
Buyer's Agent
Anthony Russo
FIRST KEY REALTY GROUP INC
List Price
$1,579,000
Sold Price
$1,650,000
Premium/Discount to List
$71,000
4.5%
Views
7
Current Estimated Value
$1,627,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,332
Avg. Annual Appreciation
-0.36%

Purchase Details

Closed on
Sep 15, 2017
Sold by
Bunney Christopher Ty
Bought by
Bacchus Fund Llc
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
Prado Family Living Trust $1,650,000 Usa National Title
Bacchus Fund Llc $585,000 First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2022 08/19/22 Sold $1,650,000 +4.5% $825,000 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $1,579,000 -- $789,500 / 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 $20,912 $1,716,660 $1,040,400 $676,260
2024 $20,031 $1,683,000 $1,020,000 $663,000
2023 $19,664 $1,650,000 $1,000,000 $650,000
2022 $12,539 $1,003,578 $600,432 $403,146
2021 $12,189 $983,901 $588,659 $395,242
2020 $12,158 $973,814 $582,624 $391,190
2019 $11,873 $954,720 $571,200 $383,520
2018 $11,507 $936,000 $560,000 $376,000
2016 $6,373 $473,020 $458,388 $14,632
2015 $6,267 $465,916 $451,503 $14,413
2014 $6,178 $456,790 $442,659 $14,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22164603

California Regional Multiple Listing Service (CRMLS)

APN: 4153-030-023

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