NOT LISTED FOR SALE

619 N Lucia Ave Redondo Beach, CA 90277

Estimated Value: $1,569,000 - $3,003,017

8 Beds
5 Baths
4,590 Sq Ft
$532/Sq Ft Est. Value

Last Sold September 22, 2014

Last sale price $1,585,000 $345 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $14,744/month

62 Days on Market

Highlights

  • Coastline Views
  • Contemporary Architecture
  • Laundry Room
  • Beryl Heights Elementary School Rated A+
  • No HOA
  • Wood Fence

About This Home

As of September 2014

OCEAN AND CITY VIEW AT EACH UNIT TOP DECK. EACH UNIT HAS PRIVATE DECK. VERY ELEGANT, GORGEOUS AND SPACIOUS APARTMENT AT PEACE AND QUIET SOUTH REDONDO BEACH. EACH UNIT HAS IT OWN GARAGE. THE WELL KNOWN BERYL SCHOOL IS JUST ACROSS STREET OF THIS APARTMENT. WALKING DISTANCE TO PARRAS MIDDLE AND REDONDO HIGH. NOT ONLY CLOSED TO SCHOOL BUT ALSO CLOSE TO LIBRARY, MARKET, RESTAURANT, AND BEACH. IT IS NOT TOO OFTEN SEE THIS HIGH DEMAND APARTMENT FOR SALE AT MARKET. DON'T MISS THIS GOLDEN OPPORTUNITY TO OWN THE SOUTH REDONDO BEACH 4 UNITS APARTMENT.

Last Agent to Sell the Property

Young Chang

Young M Chang License #00994715 Listed on: 08/11/2014

Last Buyer's Agent

William Miura

Assurance Properties License #01708641

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,674

Year Built

  • Built in 1972

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Coastline
  • City Lights

Home Design

  • Contemporary Architecture
  • Property Attached
  • Slab Foundation

Interior Spaces

  • 4,590 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 10
  • Tax Tract Number 6212
  • Assessor Parcel Number 7502026011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $917
  • Gardener Expense $970
  • Insurance Expense $8,277
  • Maintenance Expense $2,452
  • Trash Expense $865
  • Water Sewer Expense $2,421
  • New Taxes Expense $18,000
  • Gross Income $6,750
  • Net Operating Income $56,173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,674

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2421.00
  • Zoning: RBR-3
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 970.00
  • Parcel Number: 7502026011
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Price Per Square Foot: 345.32

Exterior Features

  • Foundation: Slab
  • View: City Lights, Coastline
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 865.00

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 917.00
  • Gross Income: 6750.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 8277.00
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 2452.00
  • Net Operating Income: 56173.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23056.00
  • Rent Control: No
  • Total Actual Rent: 6750.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 10
  • Tax Tract Number: 6212
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2000
Sold by
Yang Edward Shih Ching and Yang Annie Ai Yee
Bought by
Yang Edward Shih Ching and Yang Annie Ai Yee
Current Estimated Value
$2,440,254

Purchase Details

Closed on
Apr 23, 1999
Sold by
Yang Edward Shih Ching and Yang Annie Ai Yee
Bought by
Yang Edward Shih Ching and Yang Annie Ai Yee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,200
Outstanding Balance
$59,313
Interest Rate
6.94%
Estimated Equity
$2,380,942

Purchase Details

Closed on
Feb 19, 1994
Sold by
Yang Edward and Yang Annie
Bought by
Yang Edward Shih Ching and Yang Annie Ai Yee
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
Yang Edward Shih Ching -- --
Yang Edward Shih Ching -- Orange Coast Title
Yang Edward Shih Ching -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Edward Shih Ching $236,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2014 09/22/14 Sold $1,585,000 -0.9% $345 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $1,600,000 -- $349 / 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 $21,674 $1,904,921 $1,003,540 $901,381
2024 $21,674 $1,867,570 $983,863 $883,707
2023 $21,282 $1,830,952 $964,572 $866,380
2022 $21,003 $1,795,052 $945,659 $849,393
2021 $20,652 $1,759,856 $927,117 $832,739
2019 $20,260 $1,708,060 $899,619 $808,441
2018 $19,731 $1,674,578 $881,980 $792,598
2016 $19,104 $1,609,170 $847,733 $761,437
2015 $18,757 $1,585,000 $835,000 $750,000
2014 $6,183 $450,389 $118,228 $332,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14134613

California Regional Multiple Listing Service (CRMLS)

APN: 7502-026-011