NOT LISTED FOR SALE

530 S Irena Ave Redondo Beach, CA 90277

7 Beds
5 Baths
5,980 Sq Ft
7,787 Sq Ft Lot

Last Sold September 29, 2017

Last sale price $4,150,000 $694 Per Sq Ft

94 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wall Furnace
  • Alta Vista Elementary School Rated A+
  • Paved or Partially Paved Lot

About This Home

As of September 2017

This remodeled 8 unit apartment building in South Redondo Beach recently received a fresh and modern make over that includes new: roof, bronze aluminum windows, copper plumbing, Sewer Lines, exterior IPE siding, smooth stucco, modern railings, paint, automatic garage doors (9 PRIVATE GARAGES + 1 Open Guest Spot), front doors and landscaping. The unit mix consists of (2) 2 bedroom 1 bathrooms (One of the 2 bedrooms includes a good sized private yard) and (6) 1 bedroom 1 bathrooms that features new: white shaker cabinets, grey quartz counter tops, white subway tile kitchen backsplashes, interior doors and hardware, stainless steel Samsung appliances (dishwasher, microwave, range and fridge), Washer and Dryer in each unit, smooth ceilings, recessed lighting, modern wood laminate flooring, tub, wall tile, floor tile, paint and fixtures! This remodel work was permitted. This building is located just blocks to the beach and not far from Riviera village! Option to assume current loan ($2,343,000, 5 year fixed, 3.51% interest, 1pt fee). STILL UPSIDE IN RENT!

Last Agent to Sell the Property

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061 Listed on: 05/19/2017

Co-Listed By

Brady Bohlinger

Bohlinger Properties, Inc. License #01982518

Last Buyer's Agent

Alex Abad

Tower-60 License #01701311

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,787 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Private Yard

Parking

  • 1 Open Parking Space
  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,980 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 621301
  • Assessor Parcel Number 7507005046

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $540
  • Gardener Expense $960
  • Insurance Expense $2,402
  • Maintenance Expense $4,000
  • Pest Control $420
  • Professional Management Expense $6,643
  • Trash Expense $1,368
  • Water Sewer Expense $1,740
  • New Taxes Expense $48,501
  • Operating Expense $67,410
  • Gross Income $19,025
  • Net Operating Income $154,041

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

9

Listing Details

  • CapRate: 3.71
  • Other Phone Description: Co- Agent
  • Other Phone Number: 310-505-5374
  • Professional Management Expense: 6643.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1740.00
  • Zoning: RBR-1
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7507005046
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 693.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Trash Expense: 1368.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Paved, Sprinkler System, Yard
  • Lot Size Sq Ft: 7787.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 540.00
  • Gross Income: 19025.00
  • Gross Multiplier: 18.18
  • Gross Operating Income: 221451.00
  • Gross Scheduled Income: 228300.00
  • Insurance Expense: 2402.00
  • Maintenance Expense: 4000.00
  • Net Operating Income: 154041.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 67410.00
  • Rent Control: No
  • Total Actual Rent: 19025.00
  • Total Expenses: 67410.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 48501.00
  • Tax Lot: 14
  • Tax Tract Number: 621301

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 List to Sale Price per Sq Ft Prior Sale
09/29/2017 09/29/17 Sold $4,150,000 0.0% $694 / Sq Ft
08/21/2017 08/21/17 Pending -- -- --
07/17/2017 07/17/17 Price Changed $4,150,000 +2.5% $694 / Sq Ft
05/19/2017 05/19/17 For Sale $4,050,000 +63.6% $677 / Sq Ft
10/27/2015 10/27/15 Sold $2,475,000 -6.6% $414 / Sq Ft View Prior Sale
09/22/2015 09/22/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $2,650,000 -- $443 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17112091

California Regional Multiple Listing Service (CRMLS)