NOT LISTED FOR SALE

521 N Francisca Ave Redondo Beach, CA 90277

Estimated Value: $2,611,000 - $3,247,000

9 Beds
9 Baths
5,390 Sq Ft
$545/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $2,793,000 $518 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $19,259/month

13 Days on Market

Highlights

  • Fishing
  • Laundry Room
  • Bike Trail
  • Beryl Heights Elementary School Rated A+
  • Carport
  • Radiant Heating System

About This Home

As of June 2022

Four unit townhouse-style units ideally-located West of PCH walking distance to King Harbor with great shopping and restaurants, beach, and shopping center with Whole Foods Market. Each of 4 units are multi-story and quite large. Each have private rooftop decks with view of ocean. Six garage spaces in 3 2-car garages. Coin laundry onsite. Front unit is a 3-Bed 2 1/2-Bath Unit, and others are 2-Bed 1 1/2-Bath.

Last Agent to Sell the Property

Bruce Weitzman

Premier Property Solutions License #01170678 Listed on: 04/07/2022

Last Buyer's Agent

Fatima Jen

Home Team Realty License #01145247

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,117

Year Built

  • Built in 1971

Lot Details

  • 5,992 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Carport
  • Parking Available
  • Assigned Parking

Home Design

  • Split Level Home
  • Quadruplex
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,390 Sq Ft Home
  • Electric Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 11 / 145
  • Tax Tract Number 7503
  • Assessor Parcel Number 7503011011
  • $4,447 per year additional tax assessments

Community Details

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,133
  • Gardener Expense $720
  • Insurance Expense $2,566
  • Maintenance Expense $1,322
  • Professional Management Expense $6,983
  • Trash Expense $1,253
  • Water Sewer Expense $2,119
  • Operating Expense $23,205
  • Gross Income $146,160
  • Net Operating Income $116,446

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,117

Year Built

Built in 1971

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 650000
  • Professional Management Expense: 6983.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2119.00
  • Zoning: RBR-3A
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7503011011
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room, Electric
  • Levels: Multi/Split
  • Price Per Square Foot: 518.18

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Electric Water Heater, Disposal, Range Hood
  • Electric: Electricity - On Property
  • Heating Type: Electric, Radiant
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1253.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5992.00
  • Lot Size Acres: 0.1376

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 1026 Square Feet
  • Average3 Bed Area: 1992 Square Feet
  • Electric Expense: 1133.00
  • Gross Income: 146160.00
  • Gross Operating Income: 139652.00
  • Gross Scheduled Income: 146160.00
  • Insurance Expense: 2566.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 800.00
  • Lot Size Area: 5992.0000 Square Feet
  • Maintenance Expense: 1322.00
  • Net Operating Income: 116446.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 23205.90
  • Rent Control: No
  • Total Actual Rent: 99480.00
  • Total Expenses: 23205.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 145
  • Tax Census Tract: 6212.04
  • Tax Lot: 11
  • Tax Tract Number: 7503
  • TaxOtherAnnualAssessmentAmount: 4447.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
1998 Colleen B Oneill Revocable Trust
Bought by
Colleen Oneill Charitable Rema
Total Days on Market
13
Current Estimated Value
$2,939,181

Purchase Details

Closed on
Feb 20, 1998
Sold by
Neill Colleen B O
Bought by
Oneill Colleen B and 1998 Colleen B Oneill Revocable Trust

Purchase Details

Closed on
Mar 11, 1994
Sold by
Pedersen Thomas I
Bought by
Oneill Colleen B and Pedersen Colleen B
Source: Public Records

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Range of Values:

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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
Colleen Oneill Charitable Rema -- Hofer & Harris Apc
Oneill Colleen B -- --
Oneill Colleen B -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $2,793,000 +7.4% $518 / Sq Ft
04/28/2022 04/28/22 For Sale $2,600,000 0.0% $482 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $2,600,000 -- $482 / 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
2024 $33,117 $2,905,837 $1,144,440 $1,761,397
2023 $32,505 $2,848,860 $1,122,000 $1,726,860
2022 $4,397 $285,273 $51,951 $233,322
2021 $4,447 $279,681 $50,933 $228,748
2020 $4,446 $276,814 $50,411 $226,403
2019 $4,375 $271,387 $49,423 $221,964
2018 $4,190 $266,066 $48,454 $217,612
2016 $4,012 $255,736 $46,573 $209,163
2015 $3,953 $251,896 $45,874 $206,022
2014 $3,938 $246,963 $44,976 $201,987
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22069384

California Regional Multiple Listing Service (CRMLS)

APN: 7503-011-011