Seller's Agent in 2015
Bill Ruane
RE/MAX
(310) 877-2374
244 in this area
435 Total Sales
425 Richmond St Unit A El Segundo, CA 90245
Estimated Value: $1,964,000 - $2,976,394
3
Beds
2
Baths
4,135
Sq Ft
$610/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Laundry Room
- Richmond Street Elementary School Rated A
- Neighborhood Views
- 4-minute walk to Library Park
About This Home
As of February 2015The opportunity to buy an income property in a PRIME location is here. This wonderful 4plex sits one block West of Main street and in the heart of downtown El Segundo. The owners unit is 3 bedrooms, 2.5 bath and was recently remodeled with beautiful, exotic hardwood floors, a fireplace, updated kitchen and much more. The owners unit features a master suite with private bath, formal dining room and private patio. The other 3 units are 2 beds/1bath with open floor plans. There are 3 garages, 3 carports and one open space. There is a laundry room with coin machines for the 3 units and private washer/dryer hook ups for the front owners unit.
Last Agent to Sell the Property
Estate Properties License #00972400 Listed on: 12/01/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,444
Year Built
- Built in 1974
Lot Details
- 7,000 Sq Ft Lot
- No Common Walls
- Wood Fence
- Wire Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 4,135 Sq Ft Home
- Living Room with Fireplace
- Neighborhood Views
- Laundry Room
Flooring
- Wood
- Carpet
- Stone
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 22
- Tax Tract Number 6201
- Assessor Parcel Number 4136014021
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $522
- Gardener Expense $1,380
- Insurance Expense $1,540
- Maintenance Expense $456
- Trash Expense $1,944
- Water Sewer Expense $2,302
- New Taxes Expense $14,175
- Gross Income $150
- Net Operating Income $38,507
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2014
Closed on
Jan 21, 2015
Sold by
Boon Paul and Carson Janice
Bought by
Arc Broadway Llc
Seller's Agent
Bill Ruane
Estate Properties
Buyer's Agent
Matt Crabbs
Compass
List Price
$1,649,000
Sold Price
$1,600,000
Premium/Discount to List
-$49,000
-2.97%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,599
Avg. Annual Appreciation
4.37%
Purchase Details
Closed on
May 17, 2007
Sold by
Rembert William Stewart
Bought by
Boon Paul and Carson Janice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,192,000
Interest Rate
7.9%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 4, 2002
Sold by
Hale Cynthia A and Mclaughlin Revocable T Frank D
Bought by
Rembert William Stewart and Rembert Cheryl Pers
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,500
Interest Rate
6.86%
Purchase Details
Closed on
May 16, 2000
Sold by
Mclaughlin Frank D
Bought by
Mclaughlin Frank D and Mclaughlin Revocable T Frank D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arc Broadway Llc | $1,600,000 | Fidelity National Title Co | |
| Boon Paul | $1,490,000 | Gateway Title Company | |
| Rembert William Stewart | $821,500 | Fidelity National Title Co | |
| Mclaughlin Frank D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Boon Paul | $1,192,000 | |
| Previous Owner | Rembert William Stewart | $536,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2015 02/18/15 | Sold | $1,600,000 | -3.0% | $387 / Sq Ft |
| 10/14/2014 10/14/14 | Pending | -- | -- | -- |
| 01/30/2014 01/30/14 | For Sale | $1,649,000 | -- | $399 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $21,444 | $1,922,953 | $1,141,754 | $781,199 |
| 2024 | $21,444 | $1,885,249 | $1,119,367 | $765,882 |
| 2023 | $20,880 | $1,848,284 | $1,097,419 | $750,865 |
| 2022 | $21,108 | $1,812,044 | $1,075,901 | $736,143 |
| 2021 | $20,814 | $1,776,514 | $1,054,805 | $721,709 |
| 2019 | $20,108 | $1,724,423 | $1,023,520 | $700,903 |
| 2018 | $18,839 | $1,690,623 | $1,003,451 | $687,172 |
| 2016 | $18,287 | $1,624,399 | $964,487 | $659,912 |
| 2015 | $15,456 | $1,365,000 | $1,100,500 | $264,500 |
| 2014 | -- | $1,365,000 | $1,100,500 | $264,500 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Ruane
-
Matt Crabbs
Buyer's Agent in 2015
Matt Crabbs
Compass
(310) 612-7777
2 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14020758
APN: 4136-014-021
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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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