Seller's Agent in 2016
Gary Elminoufi
Beach City Brokers
(310) 292-0332
10 in this area
31 Total Sales
308 Ruby St Redondo Beach, CA 90277
Estimated Value: $1,597,000 - $2,289,000
5
Beds
7
Baths
3,000
Sq Ft
$615/Sq Ft
Est. Value
Highlights
- Peek-A-Boo Views
- Wood Flooring
- Cottage
- Alta Vista Elementary School Rated A+
- No HOA
- Living Room
About This Home
As of May 2016CASH COW! Early 1900's beach cottage apartment building, small but full of charm and character. City records shows as a 4 unit apartment, currently used as 7 units (buyer to verify) three or more of the units may be non conforming. Mix includes (5) one bedroom one bath and (2) studios. 5 of the units have recently been updated with remodeled baths, new wood vinyl flooring, new appliances, new heaters and paint. Separate laundry room with coin-op machines, large walk-in basement with separate storage units for tenants and landlord. Located only 2 1/2 blocks to the beach. Current yearly income is approximately $118K (buyer to verify) property to be sold as in conditions with no warranties or repairs or credits ( remember it is a 100 year old property two blocks to the beach and a cash cow!) Please do not disturb tenants. All offers subject to inspection.
Last Agent to Sell the Property
Beach City Brokers License #01139207 Listed on: 01/25/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924 | Remodeled
Lot Details
- 2,486 Sq Ft Lot
- Two or More Common Walls
- Northwest Facing Home
- Density is up to 1 Unit/Acre
Parking
- On-Street Parking
Home Design
- Cottage
- Bungalow
- Property Attached
- Composition Roof
Interior Spaces
- 3,000 Sq Ft Home
- 2-Story Property
- Living Room
- Peek-A-Boo Views
Kitchen
- Gas Oven
- Gas Cooktop
- Freezer
- Laminate Countertops
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Located Outside
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV
- Tax Lot E
- Tax Tract Number 119
- Assessor Parcel Number 7508013017
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 3 Separate Gas Meters
- Electric Expense $3,000
- Insurance Expense $1,500
- Maintenance Expense $2,000
- Trash Expense $1,000
- Water Sewer Expense $3,000
- New Taxes Expense $19,000
- Operating Expense $30,000
- Gross Income $9,862
- Net Operating Income $91,405
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
Jan 5, 2018
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jan 25, 2016
Closed on
Apr 21, 2016
Sold by
Bought by
Seller's Agent
Gary Elminoufi
Beach City Brokers
Buyer's Agent
Jeanevra Calhoun
Beach City Brokers
List Price
$1,595,000
Sold Price
$1,200,000
Premium/Discount to List
-$395,000
-24.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%
Purchase Details
Closed on
Oct 9, 2014
Sold by
Bought by
Purchase Details
Closed on
Sep 25, 1996
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 |
|---|---|---|---|
| -- | None Available | ||
| $1,200,000 | Lawyers Title | ||
| $2,800,000 | Lawyers Title | ||
| -- | -- |
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 |
|---|---|---|---|---|
| 05/10/2016 05/10/16 | Sold | $1,200,000 | -24.8% | $400 / Sq Ft |
| 04/18/2016 04/18/16 | Pending | -- | -- | -- |
| 01/25/2016 01/25/16 | For Sale | $1,595,000 | -- | $532 / 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 | $18,009 | $1,420,551 | $639,248 | $781,303 |
| 2024 | $17,257 | $1,392,698 | $626,714 | $765,984 |
| 2023 | $15,855 | $1,365,391 | $614,426 | $750,965 |
| 2022 | $15,649 | $1,338,620 | $602,379 | $736,241 |
| 2021 | $15,395 | $1,312,373 | $590,568 | $721,805 |
| 2019 | $15,104 | $1,273,449 | $573,052 | $700,397 |
| 2018 | $14,752 | $1,248,480 | $561,816 | $686,664 |
| 2016 | $14,506 | $1,218,300 | $913,725 | $304,575 |
| 2015 | $14,243 | $1,200,000 | $900,000 | $300,000 |
| 2014 | $2,214 | $116,551 | $34,175 | $82,376 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Elminoufi
-
Jeanevra Calhoun
Buyer's Agent in 2016
Jeanevra Calhoun
Beach City Brokers
(310) 543-3536
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16017409
APN: 7508-013-017
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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