NOT LISTED FOR SALE

411 Richmond St El Segundo, CA 90245

Estimated Value: $1,508,000 - $1,750,000

3 Beds
2 Baths
1,133 Sq Ft
$1,436/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $1,420,000 $1,253 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,993/month

102 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Laundry Room
  • Richmond Street Elementary School Rated A
  • No HOA
  • 4-minute walk to Library Park

About This Home

As of February 2022

411 Richmond and 411 1/2 Richmond sit in the heart of El Segundo’s Downtown area. Short stroll to parks, schools, and all the downtown restaurants and shops. The front house is a fully remodeled (2011) 2 bedroom 1 bathroom stand along home. Single garage garage with laundry off the alley in back. The front yard patio has a great mix of hardscape and landscape providing great outdoor entertainment space. The front house also has a private back yard with artificial turf fruit trees and room to enjoy the outdoors. The rear unit is a 1 bedroom 1 bathroom fairly original unit. It sits on top of the two single car garages. Enter down the side of the front house or from the alley. This unit boast a huge private yard and patio space. Roof was replaced in 2020 on both front and rear units. Please do not disturb tenants.

Last Agent to Sell the Property

Scot Nicol

Compass License #01918400 Listed on: 09/21/2021

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 3,500 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Fenced
  • Fence is in fair condition
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 1,133 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 16 / 57
  • Tax Tract Number 620
  • Assessor Parcel Number 4136014017

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,572
  • Trash Expense $564
  • New Taxes Expense $19,375
  • Operating Expense $26,390
  • Gross Income $53,181
  • Net Operating Income $26,791

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4136014017
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 1253.31
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 564.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803
  • Latitude Manual: 33.92122900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 683 Square Feet
  • Gross Operating Income: 53181.00
  • Gross Scheduled Income: 55980.00
  • Insurance Expense: 3572.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 3500.0000 Square Feet
  • Net Operating Income: 26791.00
  • Number Of Rented Garages: 2
  • 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
  • Operating Expense: 26390.00
  • Rent Control: No
  • Total Actual Rent: 4665.00
  • Total Expenses: 26390.00

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Area: 3710
  • Tax Block: 57
  • Tax Lot: 16
  • Tax Tract Number: 620...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2023
Sold by
Johnson Mark B and Johnson Amy J
Bought by
Wildflower Properties West Llc
Current Estimated Value
$1,626,548

Purchase Details

Listed on
Sep 21, 2021
Closed on
Jan 7, 2022
Sold by
Barbara Phillips Living Trust
Bought by
Johnson Mark B and Walker Amy J
Seller's Agent
Scot Nicol
Compass
List Price
$1,550,000
Sold Price
$1,420,000
Premium/Discount to List
-$130,000
-8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$1,207,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2012
Sold by
Phillips Barbara
Bought by
The Barbara Phillips Living Trust

Purchase Details

Closed on
Jul 12, 2010
Sold by
Koppelman Paul Anthony and Conradi Susan Carol
Bought by
Phillips Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,000
Interest Rate
4.51%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 21, 2004
Sold by
Conradi Susan
Bought by
Koppelman Paul Anthony and Conradi Susan Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2001
Sold by
Koppelman Paul
Bought by
Conradi Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.14%

Purchase Details

Closed on
May 22, 2001
Sold by
Castle Wendy M
Bought by
Conradi Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.14%

Purchase Details

Closed on
Mar 2, 1998
Sold by
Trenkle William and Trenkle Mary
Bought by
Castle Wendy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7%
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

Date Buyer Sale Price Title Company
Wildflower Properties West Llc -- Accommodation/Courtesy Recordi
Johnson Mark B $1,420,000 First American Title Company O
The Barbara Phillips Living Trust -- None Available
Phillips Barbara $690,000 Progressive Title Company
Koppelman Paul Anthony -- Southland Title
Conradi Susan -- Fidelity Title
Conradi Susan $385,000 Fidelity Title
Castle Wendy M $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Mark B $1,207,000
Previous Owner Phillips Barbara $621,000
Previous Owner Koppelman Paul Anthony $250,000
Previous Owner Conradi Susan $200,000
Previous Owner Castle Wendy M $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2022 02/23/22 Sold $1,420,000 -5.3% $1,253 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
11/10/2021 11/10/21 Price Changed $1,499,000 -3.3% $1,323 / Sq Ft
09/21/2021 09/21/21 For Sale $1,550,000 -- $1,368 / 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 $17,951 $1,569,338 $636,724 $932,614
2024 $17,951 $1,600,000 $1,220,000 $380,000
2023 $16,113 $1,448,400 $612,000 $836,400
2022 $9,550 $833,015 $664,000 $169,015
2021 $9,417 $816,682 $650,981 $165,701
2020 $9,239 $808,508 $644,306 $164,202
2019 $9,093 $792,660 $631,673 $160,987
2018 $8,528 $777,123 $619,288 $157,835
2016 $8,285 $746,757 $595,242 $151,515
2015 $8,180 $735,541 $586,301 $149,240
2014 $8,007 $721,134 $574,817 $146,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21202709

California Regional Multiple Listing Service (CRMLS)

APN: 4136-014-017