NOT LISTED FOR SALE

Estimated Value: $2,658,000 - $4,026,051

3 Beds
4 Baths
2,247 Sq Ft
$1,471/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2021

Last sale price $3,388,000 $1,508 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $21,752 / mo

1 Day on Market

Highlights

  • Ocean View
  • Across the Road from Lake or Ocean
  • Park
  • Alta Vista Elementary School Rated A+
  • No HOA
  • Tile Flooring

About This Home

As of April 2021

****THREE (3) UNITS with TWO (2), BACK TO BACK, STREET ADDRESSES. **** THIS IS RARE *STREET TO STREET* PROPERTY. Esplanade through to Catalina Avenue. The only single lot of its kind on Esplanade. Across the street is the Topaz ramp and you are at the beach for great surfing, the bike path, volleyball courts, and all the beach fun. This property consists of 3 units. A west facing SFR at 714 ESPLANADE: 2 bedroom, 2 bath, 2 car garage, a large backyard, 2 fireplaces and an additional structure that can become an art studio or pool house! (this is not part of the square footage). The duplex, which faces Catalina Avenue, at 713 SOUTH CATALINA: one- 1 bedroom, 1 bath and a Studio with separate kitchen, bath and dressing area. The SFR hasn't had any current upgrades. The duplex has newer Milguard e-glass windows, upgraded kitchens, and new flooring. This is an R-3 LOT. You can possibly build 3 units (seller to verify), keep in it's current configuration, or remodel the home increasing the ocean views and have solid income revenue on the duplexes! The backyard is large enough for a swimming pool. This could be a personal Redondo Beach resort with duplex income to help pay the bills. Think of it. There are few properties that can boast this.

Last Agent to Sell the Property

Elizabeth collins

Alpha Properties License #00897841 Listed on: 03/01/2021

Last Buyer's Agent

Chris Adlam

Vista Sotheby's International Realty License #00967574

Vista Sotheby's International Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • No Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway

Home Design

  • Triplex
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,247 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Gas Oven
  • Laundry Located Outside

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Suburban Location

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 27 / 80
  • Tax Tract Number 322117
  • Assessor Parcel Number 7508007010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $38,745
  • Operating Expense $6,040
  • Gross Income $77,280
  • Net Operating Income $71,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,500 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: R-3A
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7508007010
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1507.79

Exterior Features

  • Foundation: Raised
  • View: Ocean
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Electric: Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50x150
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Average Studio Area: 500 Square Feet
  • Gross Income: 77280.00
  • Gross Scheduled Income: 77280.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 71240.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 6040.00
  • Rent Control: No
  • Total Actual Rent: 6440.00
  • Total Expenses: 6040.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • New Taxes Expense: 38745.00
  • Tax Block: 80
  • Tax Lot: 27
  • Tax Tract: 32117
  • Tax Tract Number: 322117

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2015
Sold by
Bought by
Current Estimated Value
$3,306,017

Purchase Details

Closed on
Jul 9, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.52%

Purchase Details

Closed on
Nov 5, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- None Available
-- Chicago Title Co
-- Chicago Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $425,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $3,388,000 0.0% $1,508 / Sq Ft
03/01/2021 03/01/21 For Sale $3,388,000 -- $1,508 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $43,392 $3,667,279 $2,164,864 $1,502,415
2024 $41,511 $3,595,372 $2,122,416 $1,472,956
2023 $40,738 $3,524,875 $2,080,800 $1,444,075
2022 $40,066 $3,455,760 $2,040,000 $1,415,760
2021 $10,380 $768,812 $573,874 $194,938
2020 $10,320 $761,150 $567,990 $193,160
2019 $10,063 $746,230 $556,853 $189,377
2018 $9,750 $731,604 $545,935 $185,669
2016 $9,418 $702,986 $524,737 $178,249
2015 $9,266 $692,427 $516,855 $175,572
2014 $9,138 $474,066 $344,782 $129,284
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21038665

California Regional Multiple Listing Service (CRMLS)

APN: 7508-007-010

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