NOT LISTED FOR SALE

323 S Francisca Ave Redondo Beach, CA 90277

Estimated Value: $2,355,000 - $3,033,000

7 Beds
7 Baths
3,970 Sq Ft
$683/Sq Ft Est. Value

Sale Details

Date Sold: January 6, 2022

Last sale price $2,500,000 $630 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,776 / mo

28 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Private Yard
  • Alta Vista Elementary School Rated A+
  • Victorian Architecture
  • No HOA

About This Home

As of January 2022

Circa “1892” Queen Anne Victorian Plus a Detached Triplex in South Redondo Just 3 Blocks to the Beach. A Rare Opportunity for Both Owner Users and Investors seeking a “Landmark Property” in a Premiere Coastal Community. This Property is Rich in Heritage with the Historical Victorian known as the Birthday House of Redondo Beach Constructed the Year the City was Incorporated in 1892 and includes a Detached Triplex Built in 1960. Great Unit Mix with (1) 3bed/2ba (2) 2bed/2ba and (1) studio. The Victorian has been meticulously maintained and each of the rental units units have been extensively remodeled including kitchens and baths. Current Mills Act Designation Greatly Reduces Property Taxes. All Offers Are Subject to Inspection.

Last Agent to Sell the Property

Jay Horrell

Horrell Realtors License #00854307 Listed on: 11/05/2021

Co-Listed By

Jessica Horrell

Horrell Realtors License #01963043

Last Buyer's Agent

Yolanda Cruz

Z Real Estate License #01511383

Z Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 6,041 Sq Ft Lot
  • Lot Dimensions are 40 x 150
  • Two or More Common Walls
  • East Facing Home
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Victorian Architecture
  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Combination Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,970 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Chair Railings
  • Wainscoting
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Casement Windows
  • Window Screens
  • Panel Doors
  • Formal Entry
  • Living Room with Fireplace
  • Storage

Kitchen

  • Double Oven
  • Gas Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 4
  • Assessor Parcel Number 7505021005
  • $2,006 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $800
  • Gardener Expense $840
  • Insurance Expense $1,000
  • Maintenance Expense $3,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $17,794
  • Operating Expense $28,384
  • Gross Income $122,400
  • Net Operating Income $94,016

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

6,041 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.90
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: RBR-1
  • Architectural Style: Victorian
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7505021005
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Ceramic Counters, Chair Railings, High Ceilings, Storage, Unfurnished, Wainscoting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 629.72
  • Room Type: All Bedrooms Up, Formal Entry, Kitchen, Living Room, Master Bedroom, Walk-In Closet
  • Window Features: Casement Windows, Screens, Wood Frames

Exterior Features

  • Direction Faces: East
  • Foundation: Combination, Pillar/Post/Pier, Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Sprinkler System, Utilities - Overhead, Yard
  • Lot Size: 40 x 150
  • Lot Size Sq Ft: 6041.00
  • Lot Size Acres: 0.1387

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 800.00
  • Gross Income: 122400.00
  • Gross Multiplier: 19.60
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6041.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 94016.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Operating Expense: 28384.00
  • Operating Expense Percent: 24.00
  • Rent Control: No
  • Total Actual Rent: 10200.00
  • Total Expenses: 28384.00

Tax Info

  • New Taxes Expense: 17794.00
  • Tax Census Tract: 6213.01
  • Tax Lot: 4
  • TaxOtherAnnualAssessmentAmount: 2006.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2018
Sold by
Higgins Gary D
Bought by
Higgins Gary D and Stewart Diane E
Current Estimated Value
$2,713,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$314,210
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,399,047

Purchase Details

Closed on
Sep 12, 1997
Sold by
Stewart Wade A
Bought by
Higgins Gary D

Purchase Details

Closed on
Dec 15, 1995
Sold by
Ross Ralph and Ross Dorothy
Bought by
Higgins Gary D and Stewart Wade A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,100
Interest Rate
7.38%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Higgins Gary D -- Ticor Title Company Of Ca
Higgins Gary D -- --
Higgins Gary D $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higgins Gary D $350,000
Previous Owner Higgins Gary D $314,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $2,500,000 +4.2% $630 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $2,399,000 -- $604 / 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 $16,686 $1,249,646 $680,796 $568,850
2024 $15,265 $1,161,933 $625,531 $536,402
2023 $11,878 $882,887 $669,000 $213,887
2022 $8,959 $626,161 $474,325 $151,836
2021 $8,829 $613,884 $465,025 $148,859
2020 $8,765 $608,150 $460,257 $147,893
2019 $8,543 $596,238 $451,233 $145,005
2018 $8,141 $584,559 $442,386 $142,173
2016 $7,419 $523,457 $414,934 $108,523
2015 $7,304 $515,595 $409,000 $106,595
2014 $7,292 $513,277 $407,000 $106,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21241963

California Regional Multiple Listing Service (CRMLS)

APN: 7505-021-005

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