NOT LISTED FOR SALE

713 N Lucia Ave Redondo Beach, CA 90277

Estimated Value: $1,478,000 - $2,174,440

2 Beds
2 Baths
2,300 Sq Ft
$790/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $1,399,000 $608 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,106/month

2 Days on Market

About This Home

As of October 2020

Phenomenal potential for new build with ocean views. Possible 2 unit site subject to verification with city of Redondo Beach guidelines. Currently 2 units on this site. Property is in need of repair and will be sold as-is.

Last Agent to Sell the Property

Gary Kooba

Vista Sotheby’s International Realty License #00578697 Listed on: 06/23/2020

Last Buyer's Agent

Gary Kooba

Vista Sotheby’s International Realty License #00578697 Listed on: 06/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,663

Year Built

  • Built in 1923

Lot Details

  • 5,999 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,300 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 74
  • Tax Tract Number 10019
  • Assessor Parcel Number 7502003008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $800
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $17,350
  • Operating Expense $20,000
  • Gross Income $7,200
  • Net Operating Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,663

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Zoning: RBR-3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7502003008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 608.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 7200.00
  • Gross Scheduled Income: 7200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5999.0000 Square Feet
  • Net Operating Income: 4200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 17350.00
  • Tax Block: 74
  • Tax Census Tract: 6212.01
  • Tax Lot: 7
  • Tax Tract Number: 10019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Sep 25, 2020
Sold by
Chen Sou Mei and Chen Cheng Wei
Bought by
Shin Chris Dongwuk
Seller's Agent
Gary Kooba
Vista Sotheby’s International Realty
Buyer's Agent
Gary Kooba
Vista Sotheby’s International Realty
List Price
$1,399,000
Sold Price
$1,399,000
Current Estimated Value
$1,817,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,110
Avg. Annual Appreciation
5.45%
Original Mortgage
$979,000
Outstanding Balance
$878,083
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$939,027

Purchase Details

Closed on
Jul 6, 2020
Sold by
Chen Yu Hsiu Tsai
Bought by
Chen Cheng Wei

Purchase Details

Closed on
Jan 22, 2015
Sold by
Chen Cheng Wei
Bought by
Chen Cheng Wei and C & Y Chen Living Trust

Purchase Details

Closed on
May 18, 2005
Sold by
Johnson Judith H and Judith H Johnson Trust
Bought by
Chen Sou Mei and Chen Cheng Wei

Purchase Details

Closed on
Nov 29, 1993
Sold by
Johnson Judith Helen
Bought by
Johnson Judith H
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
Shin Chris Dongwuk $1,399,000 Pacific Coast Title
Chen Cheng Wei -- Pacific Coast Title
Chen Cheng Te -- Pacific Coast Title
Chen Cheng Wei -- None Available
Chen Sou Mei $1,100,000 Lawyers Title Ins
Johnson Judith H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shin Chris Dongwuk $979,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $1,399,000 0.0% $608 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $1,399,000 -- $608 / 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 $17,663 $1,514,320 $1,190,674 $323,646
2024 $17,663 $1,484,628 $1,167,328 $317,300
2023 $17,343 $1,455,519 $1,144,440 $311,079
2022 $17,029 $1,426,980 $1,122,000 $304,980
2021 $16,646 $1,399,000 $1,100,000 $299,000
2020 $15,919 $1,402,004 $1,389,265 $12,739
2019 $16,431 $1,374,515 $1,362,025 $12,490
2018 $16,001 $1,347,565 $1,335,319 $12,246
2016 $15,510 $1,295,239 $1,283,468 $11,771
2015 $15,232 $1,275,785 $1,264,190 $11,595
2014 $15,011 $1,250,795 $1,239,427 $11,368
Source: Public Records

Agents Affiliated with this Home

  • Gary Kooba

    Seller's Agent in 2020

    Gary Kooba

    Vista Sotheby’s International Realty

    (310) 722-2007

    17 in this area

    112 Total Sales

    Gary Kooba
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20121087

California Regional Multiple Listing Service (CRMLS)

APN: 7502-003-008

California Los Angeles County Redondo Beach 90277

713 N Lucia Ave, Redondo Beach, CA

This home is located at 713 N Lucia Ave, Redondo Beach, CA 90277 since 23 June 2020 and is currently estimated at $1,817,110, approximately $790 per square foot. This property was built in 1923. 713 N Lucia Ave is a home located in Los Angeles County with nearby schools including Beryl Heights Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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