NOT LISTED FOR SALE

416 Richmond St El Segundo, CA 90245

Estimated Value: $1,561,239 - $1,822,000

2 Beds
2 Baths
1,140 Sq Ft
$1,491/Sq Ft Est. Value

Last Sold October 17, 2018

Last sale price $1,100,000 $965 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $10,032/month

Highlights

  • Laundry Room
  • Landscaped
  • 4-minute walk to Library Park
  • Richmond Street Elementary School Rated A
  • 1-Story Property

About This Home

As of October 2018

Property added for comp purposes.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 10/17/2018

Lyon Stahl Investment Real Est

Co-Listed By

Kevin Kretzmer

TurboHome Brokerage Inc. License #01997822

Last Buyer's Agent

Lynn O'Neill

Beach City Brokers License #00880080

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 3,500 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 6201
  • Assessor Parcel Number 4136015007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $456
  • Maintenance Expense $1,368
  • Other Expense $1,600
  • New Taxes Expense $12,687
  • Operating Expense $17,311
  • Gross Income $45,600
  • Net Operating Income $26,921

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.45
  • Property Attached: Yes
  • Zoning: ESR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4136015007
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 964.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803

Multi Family

  • Gross Income: 45600.00
  • Gross Multiplier: 24.12
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 456.00
  • Lot Size Area: 3500.0000 Square Feet
  • Maintenance Expense: 1368.00
  • Net Operating Income: 26921.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17311.00
  • Other Expense: 1600.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 17311.00

Tax Info

  • New Taxes Expense: 12687.00
  • Tax Census Tract: 6201.02
  • Tax Lot: 12
  • Tax Tract Number: 6201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2018
Closed on
Sep 18, 2018
Sold by
Duffy Robert W and Duffy Jenifer B
Bought by
Nieves Roger O and Nieves Michelle
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Lynn O'Neill
Beach City Brokers
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,699,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,810
Avg. Annual Appreciation
6.22%

Purchase Details

Listed on
Jan 13, 2016
Closed on
Feb 16, 2016
Sold by
Jamison Jeffrey Louis
Bought by
The Robert & Jen Ifer Duffy 2011 Trust
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,079,000
Sold Price
$952,500
Premium/Discount to List
-$126,500
-11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$660,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1998
Sold by
Ibrahim Sania
Bought by
Jamison Jeffrey Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,700
Interest Rate
7.07%
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
Nieves Roger O $1,100,000 Progressive Title Company
The Robert & Jen Ifer Duffy 2011 Trust $952,500 Fidelity National Title
Jamison Jeffrey Louis $227,000 --
Ibrahim Sania -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Robert & Jen Ifer Duffy 2011 Trust $660,000
Previous Owner Jamison Jeffrey Louis $203,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2018 10/17/18 Sold $1,100,000 0.0% $965 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $1,100,000 +15.5% $965 / Sq Ft
04/04/2016 04/04/16 Sold $952,500 -11.7% $836 / Sq Ft View Prior Sale
02/15/2016 02/15/16 Pending -- -- --
01/13/2016 01/13/16 For Sale $1,079,000 -- $946 / 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 $13,512 $1,227,066 $780,861 $446,205
2024 $13,512 $1,203,006 $765,550 $437,456
2023 $13,154 $1,179,419 $750,540 $428,879
2022 $13,301 $1,156,294 $735,824 $420,470
2021 $13,118 $1,133,623 $721,397 $412,226
2019 $12,668 $1,100,380 $700,000 $400,380
2018 $10,937 $990,840 $676,260 $314,580
2016 $3,418 $306,168 $256,271 $49,897
2015 $3,375 $301,570 $252,422 $49,148
2014 $3,314 $295,664 $247,478 $48,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18242898

California Regional Multiple Listing Service (CRMLS)

APN: 4136-015-007