NOT LISTED FOR SALE

407 Richmond St El Segundo, CA 90245

Estimated Value: $2,223,000 - $2,657,000

8 Beds
6 Baths
3,728 Sq Ft
$674/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $2,463,975 $661 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $15,541/month

18 Days on Market

Highlights

  • 1 Car Garage
  • Detached Carport Space
  • 5-minute walk to Library Park
  • Richmond Street Elementary School Rated A
  • Forced Air Heating System

About This Home

As of April 2022

407 Richmond St presents a rare investment opportunity in the best part of El Segundo. 2 blocks from Main St and Grand Ave, the hub of downtown, tenants enjoy proximity to the shops and restaurants, while also being in close proximity to top rated El Segundo High, El Segundo Parks and Recreation, and the Public Library. El Segundo is home to more Fortune 500 companies in California outside of San Francisco. Prospective tenants are never in short supply in this Silicon Beach community given the convenience to the ocean, LAX, and several freeways (105, 405, 110, 10) that connect it everything Los Angeles offers.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 02/21/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. License #00634672

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,000

Parking

  • 1 Car Garage
  • Detached Carport Space

Interior Spaces

  • 3,728 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 7,000 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 4136-014-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3728
  • Lot Acreage: 0.1607
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 669.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 4
  • Parking Garage: Carport Detached, Garage Is Detached, Garage - 1 Car
  • Total Parking: 5

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 54.09
  • Assessed Improvement Value: 88305
  • Assessed Land Percent: 45.91
  • Assessed Land Value: 74942
  • Total Assessed Value: 163247
  • Assessor Parcel Number: 4136-014-016
  • Lot Size Area: 7000

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.74
  • Number Of Units: 4
  • Type Of Units: 2 bed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Apr 5, 2022
Sold by
Stephen E Potts Family Trust and Daniel J Potts Trust
Bought by
Bennett Family Trust and Smith
Seller's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Mike McKinney
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,495,000
Sold Price
$2,463,975
Premium/Discount to List
-$31,025
-1.24%
Current Estimated Value
$2,513,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,599
Avg. Annual Appreciation
0.54%
Original Mortgage
$1,478,385
Outstanding Balance
$1,382,689
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,130,885

Purchase Details

Closed on
Apr 29, 2008
Sold by
Potts Stephen and Potts Daniel
Bought by
Potts Stephen E and Stephen E Potts Family Trust

Purchase Details

Closed on
Mar 18, 2005
Sold by
Potts Stephen and The Norman & Nellie Potts Trus
Bought by
Potts Stephen and Potts Daniel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bennett Family Trust $2,464,000 First American Title Company O
Potts Stephen E -- None Available
Potts Stephen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Family Trust $1,478,385
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $2,463,975 -1.2% $661 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $2,495,000 -- $669 / Sq Ft
Source: The MLS

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 $28,918 $2,614,815 $848,966 $1,765,849
2024 $28,918 $2,563,545 $832,320 $1,731,225
2023 $28,150 $2,513,280 $816,000 $1,697,280
2022 $2,377 $166,511 $76,440 $90,071
2021 $2,344 $163,247 $74,942 $88,305
2019 $2,276 $159,157 $72,720 $86,437
2018 $2,068 $156,052 $71,295 $84,757
2016 $1,936 $149,274 $68,528 $80,746
2015 $1,915 $147,033 $67,499 $79,534
2014 $1,910 $144,154 $66,177 $77,977
Source: Public Records

Agents Affiliated with this Home

  • Daniel Shieh

    Seller's Agent in 2022

    Daniel Shieh

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    3 in this area

    41 Total Sales

    Daniel Shieh
    Section Image

  • M

    Buyer's Agent in 2022

    Mike McKinney

    Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • Nancy Bush

    Buyer Co-Listing Agent in 2022

    Nancy Bush

    Lyon Stahl Investment Real Estate, Inc.

    (310) 849-9210

    1 in this area

    18 Total Sales

    Nancy Bush
    Section Image
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Map

Source: The MLS

MLS Number: 22-129781

The MLS

APN: 4136-014-016

California Los Angeles County El Segundo 90245

407 Richmond St, El Segundo, CA

Not Listed for Sale

MultiFamily

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