$1,425,000
SOLD DEC 5, 2024

500 S Broadway Redondo Beach, CA 90277

2 Beds
2 Baths
1,022 Sq Ft
4,346 Sq Ft Lot

Recently Sold

$1,394 Per Sq Ft

19% Below List Price

134 Days on Market

Highlights

  • Property is near a park
  • Fireplace in Guest House
  • No HOA
  • Alta Vista Elementary School Rated A+
  • Lawn
  • Neighborhood Views

About This Home

As of December 2024

Broadway is one of the most enchanting & charming streets in South Redondo - lined with majestic, mature trees and home to some of the most incredible historical Craftsmans, Bungalows, and Beach Cottages that make our beach community second to none. Built in 1927, 500 S Broadway is one of the cottages that brings so much character to the street. This incredibly quaint home lives like a duplex with two separate cottages on the lot. The main home is a revitalized cottage dream with hardwood flooring, bright white paint throughout and all the little details you love to see in a classic 1920’s home such as a built-in buffet table, wood panel doors and double hung windows. The yard between the two cottages is lush with flowers, landscaping and pristine low maintenance turf to make for an extremely inviting outdoor space. Set up your fire pit, outdoor dining table, BBQ, hammock, or anything else you need to enjoy the summer 2 blocks from the beach. The back unit is a legal non-conforming studio outfitted with a fireplace, kitchen and loft - keep it as an additional guest suite, office space, third bedroom or explore the option of leasing it out. You could not ask for a more ideal location, just two short blocks from the Esplanade & the sand, award winning school district, close to shopping, incredible small town feel restaurants with excellent menus, the list goes on. The opportunity to own a delightful piece of Redondo Beach history with the proximity of amenities that people dream of, is right here.

Last Agent to Sell the Property

Chris Plank

Pacifica Properties Group, Inc. Brokerage Phone: 310-849-1530 License #01017334 Listed on: 06/28/2024

Last Buyer's Agent

Michael Harper

HH Coastal Real Estate License #01381971

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,992

Year Built

  • Built in 1927

Lot Details

  • 4,346 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • Back Yard

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,022 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Neighborhood Views
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Property is near a park
  • Suburban Location

Additional Features

  • Exterior Lighting
  • Fireplace in Guest House
  • Wall Furnace

Listing and Financial Details

  • Tax Lot D
  • Tax Tract Number 119
  • Assessor Parcel Number 7508013018
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,992

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: RBR-3A
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7508013018
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Guest House, Gas
  • Levels: One
  • Price Per Square Foot: 1394.32
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Park Nearby
  • Lot Size Sq Ft: 4346.00
  • Lot Size Acres: 0.0998

Multi Family

  • Lot Size Area: 4346.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6213.24
  • Tax Lot: D
  • Tax Tract Number: 119

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Nov 26, 2024
Sold by
Drakos Nicholas D and Drakos Margo T
Bought by
Schrier Living Trust and Schrier
Seller's Agent
Chris Plank
Pacifica Properties Group, Inc.
Buyer's Agent
Michael Harper
HH Coastal Real Estate
List Price
$1,765,000
Sold Price
$1,425,000
Premium/Discount to List
-$340,000
-19.26%
Views
59
Current Estimated Value
$1,497,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,862
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Sep 16, 2008
Sold by
Nathan Terry and Nathan Tanya
Bought by
Drakos Nicholas D and Drakos Margo T

Purchase Details

Closed on
Oct 9, 2001
Sold by
Nathan Terry
Bought by
Nathan Terry and Nathan Tanya

Purchase Details

Closed on
Sep 4, 2001
Sold by
Nathan Terry and Nathan Tanya K
Bought by
Nathan Terry

Purchase Details

Closed on
Dec 29, 2000
Sold by
Yeager Stephen J
Bought by
Nathan Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,500
Interest Rate
6.99%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,425,000 Lawyers Title Company
Grant Deed $1,425,000 Lawyers Title Company
Grant Deed $794,000 Fidelity National Title Co
Interfamily Deed Transfer -- South Coast Title Company
Interfamily Deed Transfer -- South Coast Title Company
Grant Deed $430,000 Southland Title Company
Grant Deed $430,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $351,500 No Value Available
Previous Owner $344,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2024 12/05/24 Sold $1,425,000 0.0% $1,394 / Sq Ft
12/05/2024 12/05/24 Sold $1,425,000 -10.9% $1,394 / Sq Ft View Prior Sale
11/09/2024 11/09/24 Pending -- -- --
11/09/2024 11/09/24 Pending -- -- --
10/16/2024 10/16/24 Price Changed $1,599,000 0.0% $1,565 / Sq Ft
10/16/2024 10/16/24 Price Changed $1,599,000 -5.9% $1,565 / Sq Ft
09/24/2024 09/24/24 Price Changed $1,699,000 0.0% $1,662 / Sq Ft
09/24/2024 09/24/24 Price Changed $1,699,000 -3.7% $1,662 / Sq Ft
09/13/2024 09/13/24 For Sale $1,765,000 0.0% $1,727 / Sq Ft
09/13/2024 09/13/24 For Sale $1,765,000 +23.9% $1,727 / Sq Ft
09/11/2024 09/11/24 Off Market $1,425,000 -- --
09/11/2024 09/11/24 Off Market $1,425,000 -- --
06/28/2024 06/28/24 For Sale $1,765,000 0.0% $1,727 / Sq Ft
06/28/2024 06/28/24 For Sale $1,765,000 -- $1,727 / 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 $11,992 $1,425,000 $1,313,100 $111,900
2024 $11,992 $1,002,419 $801,942 $200,477
2023 $11,779 $982,765 $786,218 $196,547
2022 $11,584 $963,496 $770,802 $192,694
2021 $11,350 $944,605 $755,689 $188,916
2019 $11,093 $916,589 $733,276 $183,313
2018 $10,803 $898,618 $718,899 $179,719
2016 $10,478 $863,726 $690,984 $172,742
2015 $10,292 $850,753 $680,605 $170,148
2014 $8,874 $720,000 $576,000 $144,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24132905

California Regional Multiple Listing Service (CRMLS)

APN: 7508-013-018