518 N Elena Ave Redondo Beach, CA 90277
Estimated Value: $2,418,000 - $3,588,485
9
Beds
5
Baths
5,243
Sq Ft
$611/Sq Ft
Est. Value
Highlights
- Ocean View
- Contemporary Architecture
- Double Pane Windows
- Beryl Heights Elementary School Rated A+
- Balcony
- Laundry Room
About This Home
As of September 2014Prime investment opportunity West of PCH near Marina, Pier and Redondo Beach Redevelopment area. Very well maintained large 4 unit building nestled among single family homes & luxury condos. Multi level townhome style units each have roof top view decks and garages. Large front unit 3 bdrm + family room or 4th bedroom, 2.5 baths, has ocean views from several rooms and decks. Three other units are 2 bedroom 1.5 bath each. All have dual glazed windows and sliders plus patios and/or balconies, some laminate flooring or carpeting, walk in closets, mirrored wardrobes, ovens and microwaves. All electric building with laundry area in a shared extra garage. Rarely for sale, these are great units, walking distance to shopping, Whole Foods, beach, walk and bike paths, very easy to rent, bright, breezy and beautiful. This is an very large building for 4 units. Based on square footage in assessor records and a visual estimation only, not measured, the front unit is estimated to be about 2000 sqft and the 2 bdrms are estimated at about 1000 sqft each. Buyer is advised to verify these estimates and all property details. Drive by only Do not disturb or approach tenants. Photos are in various units during prior tenancies or vacancies.
Last Agent to Sell the Property
Estate Properties License #00475762 Listed on: 07/25/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,463
Year Built
- Built in 1971 | Remodeled
Lot Details
- 6,010 Sq Ft Lot
- Two or More Common Walls
- Front and Side Yard Sprinklers
- Sprinklers on Timer
Parking
- 6 Car Garage
- Parking Available
- Garage Door Opener
- Shared Driveway
- Assigned Parking
Property Views
- Ocean
- Marina
Home Design
- Contemporary Architecture
- Split Level Home
- Property Attached
- Flat Roof Shape
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 5,243 Sq Ft Home
- Double Pane Windows
- Sliding Doors
Kitchen
- Electric Range
- Free-Standing Range
- Microwave
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 9 Bedrooms
- Mirrored Closets Doors
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Electric Dryer Hookup
Outdoor Features
- Balcony
- Exterior Lighting
- Rain Gutters
Utilities
- Heating Available
- 220 Volts in Garage
- Private Water Source
- Electric Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 26
- Assessor Parcel Number 7503011021
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 2 Leased Units
- 4 Separate Electric Meters
- Electric Expense $960
- Gardener Expense $600
- Insurance Expense $2,334
- Trash Expense $876
- Water Sewer Expense $2,160
- New Taxes Expense $20,490
- Operating Expense $27,420
- Gross Income $8,680
- Net Operating Income $84,767
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2014
Closed on
Aug 13, 2014
Sold by
Endo Doreen and Endo Michelle Lucky
Bought by
Labib Properties 518 Elena Llc
Seller's Agent
Vincent DeLuca
Estate Properties
Buyer's Agent
James Sanders
Estate Properties
List Price
$2,049,000
Sold Price
$1,940,000
Premium/Discount to List
-$109,000
-5.32%
Total Days on Market
14
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
$1,265,871
Avg. Annual Appreciation
4.63%
Original Mortgage
$1,470,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2002
Sold by
Sackheim Robert L and Sackheim Babette F
Bought by
Endo Doreen and Endo Lucky
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.15%
Mortgage Type
Balloon
Purchase Details
Closed on
Mar 24, 1995
Sold by
Sackheim Robert and Sackheim Babette
Bought by
Sackheim Robert L and Sackheim Babette F
Similar Homes in Redondo Beach, CA
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 |
|---|---|---|---|
| Labib Properties 518 Elena Llc | $1,940,000 | Progressive Title Company | |
| Endo Doreen | $869,000 | North American Title Co | |
| Sackheim Robert L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Labib Properties 518 Elena Llc | $1,560,000 | |
| Closed | Labib Properties 518 Elena Llc | $1,470,000 | |
| Previous Owner | Endo Michelle Lucky | $50,000 | |
| Previous Owner | Endo Michelle Lucky | $82,623 | |
| Previous Owner | Endo Doreen | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2014 09/23/14 | Sold | $1,940,000 | -5.3% | $370 / Sq Ft |
| 08/08/2014 08/08/14 | Pending | -- | -- | -- |
| 07/25/2014 07/25/14 | For Sale | $2,049,000 | -- | $391 / 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 |
|---|---|---|---|---|
| 2024 | $26,296 | $2,285,863 | $1,514,091 | $771,772 |
| 2023 | $25,815 | $2,241,043 | $1,484,403 | $756,640 |
| 2022 | $25,474 | $2,197,102 | $1,455,298 | $741,804 |
| 2021 | $25,010 | $2,154,022 | $1,426,763 | $727,259 |
| 2019 | $24,531 | $2,090,135 | $1,384,446 | $705,689 |
| 2018 | $23,913 | $2,049,152 | $1,357,300 | $691,852 |
| 2016 | $23,154 | $1,969,584 | $1,304,596 | $664,988 |
| 2015 | $22,730 | $1,940,000 | $1,285,000 | $655,000 |
| 2014 | $12,648 | $1,026,701 | $626,182 | $400,519 |
Source: Public Records
Agents Affiliated with this Home
-
Vincent DeLuca
Seller's Agent in 2014
Vincent DeLuca
RE/MAX
(310) 977-0095
1 in this area
8 Total Sales
-
Kim Emery
K
Seller Co-Listing Agent in 2014
Kim Emery
Engel & Völkers LA South Bay
(310) 592-5311
1 in this area
2 Total Sales
-
James Sanders
Buyer's Agent in 2014
James Sanders
RE/MAX
(310) 722-9494
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14158778
APN: 7503-011-021
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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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