NOT LISTED FOR SALE

2707 Grant Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $1,366,308 - $1,740,000

5 Beds
2 Baths
1,706 Sq Ft
$916/Sq Ft Est. Value

Last Sold May 08, 2012

Last sale price $580,000 $340 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $8,972/month

78 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Wall Furnace
  • Washington Elementary School Rated A+
  • Tile Flooring

About This Home

As of May 2012

Prime North Redondo Location with Awardwinning Redondo Schools. Excellent Condition,Priced to SELL. Perfect for Owner/user or First Time Buyer. FRONT HOUSE- Charming 2 Br, 1 ba with Laundry in house, REAR HOUSE-3br/1 ba is Remodeled with newer paint inside and out,dining room, kitchen with simiulated granite countertops,newer appliances,cabinets,updated bathroom with newer shower,countertops,commode, also newer double pane windows and window treatments. Great Parking, Large lot, room for RV/Boat. Excellent Tenants, Front tenant in 2 br/1ba has lived there for 15 years. Zoned R-3.Priced Below Market for North Redondo. Great cash Flow Investment

Last Agent to Sell the Property

Mary Thomas

Estate Properties License #00822915 Listed on: 02/20/2012

Estate Properties

Co-Listed By

Greg Esaw

Estate Properties License #00582879

Last Buyer's Agent

Phyllis Amago

Estate Properties License #01009561

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,467

Year Built

  • Built in 1964

Lot Details

  • 7,492

Parking

  • 2 Car Garage

Home Design

  • 1,706 Sq Ft Home
  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • 7,492 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Tax Lot 17
  • Tax Tract Number 1704
  • Assessor Parcel Number 4082008004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $125
  • New Taxes Expense $6,889
  • Gross Income $3,550
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,467

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4082008004
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 339.98

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup

Lot Info

  • Lot Size Sq Ft: 7492.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Income: 3550.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 125.00
  • Lot Size Area: 7492.0000 Square Feet
  • Net Operating Income: 42600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • New Taxes Expense: 6889.00
  • Tax Lot: 17
  • Tax Tract Number: 1704
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2012
Closed on
May 4, 2012
Sold by
Choudhuri Puschkar Ghosh
Bought by
Choudhuri Pushkar Ghosh and Dutta Reshmi Tinni
Seller's Agent
Mary Thomas
Estate Properties
Buyer's Agent
Phyllis Amago
Estate Properties
List Price
$599,000
Sold Price
$580,000
Premium/Discount to List
-$19,000
-3.17%
Current Estimated Value
$1,563,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$983,327
Avg. Annual Appreciation
7.63%
Original Mortgage
$417,000
Outstanding Balance
$290,864
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$1,272,463

Purchase Details

Listed on
Feb 20, 2012
Closed on
Apr 16, 2012
Sold by
White Michelle and John & Michelle White Family T
Bought by
Choudhuri Pushkar Ghosh
Seller's Agent
Mary Thomas
Estate Properties
Buyer's Agent
Phyllis Amago
Estate Properties
List Price
$599,000
Sold Price
$580,000
Premium/Discount to List
-$19,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$290,864
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$1,272,463

Purchase Details

Closed on
Aug 5, 2010
Sold by
Huggard Nathaniel L and Nathaniel L Huggard Trust
Bought by
White Michelle L and John & Michelle White Family T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 1997
Sold by
Huggard Nathaniel
Bought by
Huggard Nathaniel L and Nathaniel L Huggard Trust
Source: Public Records

Range of Values:

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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
Choudhuri Pushkar Ghosh -- None Available
Choudhuri Pushkar Ghosh -- Progressive Title Company
Choudhuri Pushkar Ghosh $580,000 Progressive Title Company
White Michelle L $675,000 None Available
Huggard Nathaniel L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choudhuri Pushkar Ghosh $417,000
Previous Owner White Michelle L $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2012 05/08/12 Sold $580,000 -3.2% $340 / Sq Ft
05/08/2012 05/08/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $599,000 -- $351 / 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 $9,467 $728,502 $502,418 $226,084
2024 $9,467 $714,218 $492,567 $221,651
2023 $9,305 $700,214 $482,909 $217,305
2022 $9,100 $686,486 $473,441 $213,045
2021 $8,837 $673,026 $464,158 $208,868
2020 $8,800 $666,126 $459,399 $206,727
2019 $8,588 $653,066 $450,392 $202,674
2018 $8,293 $640,261 $441,561 $198,700
2016 $8,025 $615,400 $424,415 $190,985
2015 $7,889 $606,157 $418,040 $188,117
2014 $7,777 $594,285 $409,852 $184,433
Source: Public Records

Agents Affiliated with this Home

  • Mary Thomas

    Seller's Agent in 2012

    Mary Thomas

    RE/MAX

    (310) 946-2205

    4 Total Sales

    Mary Thomas
    Section Image
  • Greg Esaw

    Seller Co-Listing Agent in 2012

    Greg Esaw

    RE/MAX

    (310) 541-2474

    6 Total Sales

    Greg Esaw
    Section Image

  • P

    Buyer's Agent in 2012

    Phyllis Amago

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: V12022949

California Regional Multiple Listing Service (CRMLS)

APN: 4082-008-004

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2707 Grant Ave, Redondo Beach, CA

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