NOT LISTED FOR SALE

622 S Pacific Coast Hwy Redondo Beach, CA 90277

Estimated Value: $2,053,000 - $2,585,000

5 Beds
3 Baths
2,420 Sq Ft
$947/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $1,586,650 $656 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $14,069/month

30 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • Alta Vista Elementary School Rated A+
  • Converted Garage
  • Heating System Uses Natural Gas

About This Home

As of July 2017

Beautifully upgraded triplex located just blocks to the beach and Riviera Village and Redondo Beach Pier! This investor’s dream consists of two 2 bedroom 1 bath units, and one 1 bedroom 1 bath unit. Each unit has its own refrigerator, washer, dryer, stainless steel kitchen appliances and a garage parking spot along with additional 4 spaces available in uncovered parking next to the garage. Besides all of these great features for the tenant, the complex also is beautifully landscaped and fully occupied!

Last Agent to Sell the Property

Deborah Naumovski

RPM Realty, Inc License #01889637 Listed on: 05/06/2017

Co-Listed By

Mindy Fang

Estate Properties License #01436380

Last Buyer's Agent

Andrea McCracken

Compass License #01920016

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,349

Year Built

  • Built in 1943

Lot Details

  • 7,060 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage
  • Converted Garage
  • Parking Available
  • Driveway

Home Design

  • 2,420 Sq Ft Home
  • Triplex
  • Stucco

Kitchen

  • Gas Range
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5444
  • Assessor Parcel Number 7508024011

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,620
  • Electric Expense $1,440
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $20,625
  • Operating Expense $27,573
  • Net Operating Income $57,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,349

Year Built

Built in 1943

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: RBRH-1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7508024011
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Kitchen
  • Price Per Square Foot: 655.64

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Converted Garage, Uncovered, Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7060.00

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Cable TV Expense: 1620.00
  • Electric Expense: 1440.00
  • Gross Scheduled Income: 84600.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 57027.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 27573.00
  • Rent Control: No
  • Total Actual Rent: 4200.00
  • Total Expenses: 27573.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Census Tract: 6213.01
  • Tax Lot: 8
  • Tax Tract Number: 5444

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2020
Sold by
Derhake Joseph P and Derhake Dana
Bought by
Derhake Capital Llc
Current Estimated Value
$2,291,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$944,760
Outstanding Balance
$828,034
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,553,149

Purchase Details

Listed on
May 6, 2017
Closed on
Jun 9, 2017
Sold by
Hansen H Christopher and Hansen Pamela L
Bought by
Derhake Joseph P and Derhake Dana
Seller's Agent
Deborah Naumovski
RPM Realty, Inc
Buyer's Agent
Andrea McCracken
Compass
List Price
$1,649,000
Sold Price
$1,586,650
Premium/Discount to List
-$62,350
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 24, 2014
Closed on
Apr 21, 2014
Sold by
Charlton Jennifer L
Bought by
Hansen Family Trust
Seller's Agent
Karyn Au
Treeline Realty & Investment
Buyer's Agent
Mitchell Graves
Century 21 Union Realty
List Price
$999,906
Sold Price
$1,065,000
Premium/Discount to List
$65,094
6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.09%

Purchase Details

Listed on
Jan 28, 2013
Closed on
Mar 12, 2013
Sold by
Johnson James and Charlton Jennifer L
Bought by
Charlton Jennifer L
Seller's Agent
Denise O'Neil
O'Neil & Associate Realtors
Buyer's Agent
Denise O'Neil
O'Neil & Associate Realtors
Sold Price
$1,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2010
Sold by
Charlton Jennifer L and Charlton Jennifer L
Bought by
Johnson James and Charlton Jennifer L

Purchase Details

Closed on
Dec 6, 2005
Sold by
Vucic Radovich Sladjana
Bought by
Radovich Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,700
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 30, 2005
Sold by
Radovich Ronald
Bought by
Charlton Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,700
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
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
Derhake Capital Llc -- Orange Coast Ttl Co Northcal
Derhake Joseph P $1,587,000 None Available
Hansen Family Trust $1,060,000 Pacific Coast Title Company
Charlton Jennifer L -- Fidelity National Title Oran
Johnson James -- None Available
Radovich Ronald -- Fidelity National Title Co
Charlton Jennifer L $1,100,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derhake Capital Llc $944,760
Previous Owner Derhake Joseph P $1,000,000
Previous Owner Hansen Bradley K $90,000
Previous Owner Charlton Jennifer L $625,500
Previous Owner Radovich Ronald $344,700
Previous Owner Charlton Jennifer L $645,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2017 07/24/17 Sold $1,586,650 -3.8% $656 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $1,649,000 +3.9% $681 / Sq Ft
05/20/2017 05/20/17 Off Market $1,586,650 -- --
05/04/2017 05/04/17 For Sale $1,649,000 +54.8% $681 / Sq Ft
04/30/2014 04/30/14 Sold $1,065,000 +6.5% $440 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $999,906 0.0% $413 / Sq Ft
02/01/2013 02/01/13 Rented $1,300 0.0% --
01/29/2013 01/29/13 Under Contract -- -- --
01/28/2013 01/28/13 For Rent $1,300 -- --
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 $22,349 $1,883,430 $1,190,674 $692,756
2024 $22,349 $1,846,501 $1,167,328 $679,173
2023 $21,948 $1,810,296 $1,144,440 $665,856
2022 $21,533 $1,774,800 $1,122,000 $652,800
2021 $20,269 $1,667,850 $1,084,079 $583,771
2020 $20,226 $1,650,750 $1,072,964 $577,786
2019 $19,757 $1,618,383 $1,051,926 $566,457
2018 $19,199 $1,586,650 $1,031,300 $555,350
2016 $13,827 $1,097,665 $590,254 $507,411
2015 $13,591 $1,081,178 $581,388 $499,790
2014 $15,255 $1,226,269 $1,114,793 $111,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17098298

California Regional Multiple Listing Service (CRMLS)

APN: 7508-024-011