NOT LISTED FOR SALE

553 Avenue A Redondo Beach, CA 90277

Estimated Value: $2,389,000 - $3,056,000

7 Beds
4 Baths
3,242 Sq Ft
$847/Sq Ft Est. Value

Last Sold April 26, 2017

Last sale price $1,850,000 $571 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $16,474/month

5 Days on Market

About This Home

As of April 2017

Amazing renovated 2 bedroom one Bath house, this is a 3 in the lot, middle unit, all new appliances, new kitchen, fresh painted, detached 1 car garage, enjoy walking to the beach and the restaurants and bars from the cute south Redondo Beach Riviera. Txt message preferable, unit its ready to move in now !

Last Agent to Sell the Property

Ross Cohan

Beach City Brokers License #00785023 Listed on: 03/23/2017

Beach City Brokers

Last Buyer's Agent

Brett Zebrowski

eXp Realty of California Inc License #01313739

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,198

Year Built

  • Built in 1950

Lot Details

  • 6,090 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 3,242 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7509012032

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $900
  • Insurance Expense $1,059
  • Water Sewer Expense $1,100
  • New Taxes Expense $20,000
  • Operating Expense $21,000
  • Gross Income $97,200
  • Net Operating Income $76,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,198

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1100.00
  • Zoning: RBR-3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7509012032
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 1 Common Wall
  • Levels: Three Or More
  • Price Per Square Foot: 570.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6090.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average3 Bed Area: 1570 Square Feet
  • Gross Income: 97200.00
  • Gross Scheduled Income: 97200.00
  • Insurance Expense: 1059.00
  • Net Operating Income: 76200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 21000.00
  • Rent Control: No
  • Total Actual Rent: 8100.00
  • Total Expenses: 21000.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 6214.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
Apr 21, 2017
Sold by
Cunha Valquiria
Bought by
Barata Ivo Maranhao
Seller's Agent
Ross Cohan
Beach City Brokers
Buyer's Agent
Brett Zebrowski
eXp Realty of California Inc
List Price
$1,725,000
Sold Price
$1,850,000
Premium/Discount to List
$125,000
7.25%
Current Estimated Value
$2,746,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$896,178
Avg. Annual Appreciation
4.75%
Original Mortgage
$984,525
Outstanding Balance
$821,283
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,924,895

Purchase Details

Listed on
Mar 23, 2017
Closed on
Mar 29, 2017
Sold by
Simonds Joseph M and Chirdon Elizabeth A
Bought by
Barata Ivo Maranhao
Seller's Agent
Ross Cohan
Beach City Brokers
Buyer's Agent
Brett Zebrowski
eXp Realty of California Inc
List Price
$1,725,000
Sold Price
$1,850,000
Premium/Discount to List
$125,000
7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,525
Outstanding Balance
$821,283
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,924,895

Purchase Details

Closed on
Jul 3, 2006
Sold by
Andren John D and Andren Marcia A
Bought by
Simonds Joseph M and Chirdon Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 13, 2003
Sold by
Brant Sabrina and Smith Sabrina Lemoine
Bought by
Brant Sabrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1995
Sold by
Smith Ryan H
Bought by
Lemoine Smith Sabrina
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 Buyer Sale Price Title Company
Barata Ivo Maranhao -- Fidelity National Title Co
Barata Ivo Maranhao $1,850,000 Fidelity National Title Co
Simonds Joseph M $1,300,000 United Title Company-La
Brant Sabrina -- First American Title Co
Lemoine Smith Sabrina -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barata Ivo Maranhao $984,525
Previous Owner Simonds Joseph M $975,000
Previous Owner Brant Sabrina $365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2025 03/06/25 Off Market $3,495 -- --
02/20/2025 02/20/25 For Rent $3,495 0.0% --
04/26/2017 04/26/17 Sold $1,850,000 +7.2% $571 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $1,725,000 -- $532 / 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 $25,198 $2,147,077 $1,392,699 $754,378
2024 $25,198 $2,104,979 $1,365,392 $739,587
2023 $24,741 $2,063,706 $1,338,620 $725,086
2022 $24,288 $2,023,242 $1,312,373 $710,869
2021 $23,743 $1,983,572 $1,286,641 $696,931
2020 $23,705 $1,963,234 $1,273,449 $689,785
2019 $23,162 $1,924,740 $1,248,480 $676,260
2018 $22,548 $1,887,000 $1,224,000 $663,000
2016 $17,920 $1,471,300 $1,301,538 $169,762
2015 $17,604 $1,449,201 $1,281,988 $167,213
2014 $16,724 $1,365,000 $1,207,500 $157,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17058974

California Regional Multiple Listing Service (CRMLS)

APN: 7509-012-032