NOT LISTED FOR SALE

513 Avenue G Redondo Beach, CA 90277

4 Beds
2 Baths
6,736 Sq Ft
1959 Built

Last Sold June 12, 2018

Last sale price $3,555,420 $528 Per Sq Ft

13 Days on Market

Highlights

  • Laundry Room
  • Tulita Elementary School Rated A+
  • Landscaped

About This Home

As of June 2018

First time on the market 30+ years!!! One of the nicest buildings on a Great South Redondo Avenue. It's been years since a building on Ave. G traded on the MLS. But that figures, generously sized apartments, ample natural light, easy on-site parking, coin-op laundry, updated units with exclusive use outdoor spaces all conveniently located on edge of Riviera Village and just moments to amenities too numerous mention; Trader Joe's, Starbucks, Corner Bakery, HT Grill, Yum Thai Bistro, Wells Fargo, Chase BofA, etc... Great schools like St. Lawrence, Tulita, Riviera Hall. Oh yeah, then there is the Beach. The white sands of Redondo Beach are just a block beyond the Riviera. The new roof, windows, paint, landscaping, updated units and professional management in place rounds out this gem. It's about as turnkey as you can get. Sit back and let your property manager ACH your owner draw every month like clockwork.

Last Agent to Sell the Property

Fikirte Worku

WIN Real Estate Services, Inc. License #02028496 Listed on: 04/10/2018

Last Buyer's Agent

Fikirte Worku

WIN Real Estate Services, Inc. License #02028496 Listed on: 04/10/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,365 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 6,736 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 85
  • Tax Tract Number 6214
  • Assessor Parcel Number 7510028022

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $545
  • Fuel Expense $1,190
  • Gardener Expense $720
  • Insurance Expense $2,179
  • Maintenance Expense $7,080
  • Professional Management Expense $10,950
  • Trash Expense $1,431
  • Water Sewer Expense $2,860
  • New Taxes Expense $40,638
  • Operating Expense $67,770
  • Gross Income $1,400
  • Net Operating Income $109,350

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.01
  • Other Phone Description: Office Cell
  • Other Phone Number: 310-801-1933
  • Professional Management Expense: 10950.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2860.00
  • Zoning: RBRMD
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7510028022
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 527.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1431.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6365.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 545.00
  • Fuel Expense: 1190.00
  • Gross Income: 1400.00
  • Gross Multiplier: 19.87
  • Gross Operating Income: 177102.00
  • Gross Scheduled Income: 182580.00
  • Insurance Expense: 2179.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1400.00
  • Maintenance Expense: 7080.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 109350.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 67770.00
  • Operating Expense Percent: 38.27
  • Rent Control: No
  • Total Expenses: 67770.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 40638.00
  • Tax Census Tract: 6214.00
  • Tax Lot: 85
  • Tax Tract Number: 6214.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2018 06/12/18 Sold $3,555,420 -2.0% $528 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $3,628,420 -- $539 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2018

    Fikirte Worku

    WIN Real Estate Services, Inc.

    (213) 344-9172

    3 Total Sales

    Fikirte Worku
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18081336

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Redondo Beach 90277

513 Avenue G, Redondo Beach, CA

This home is located at 513 Avenue G, Redondo Beach, CA 90277 since 10 April 2018. This property was built in 1959. 513 Avenue G is a home located in Los Angeles County with nearby schools including Tulita Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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