J
Seller's Agent in 2023
Justin Miller
First Team Real Estate
(949) 836-9535
1 in this area
7 Total Sales
714 S Pacific Coast Hwy Redondo Beach, CA 90277
Estimated Value: $1,666,000 - $2,134,000
6
Beds
4
Baths
2,936
Sq Ft
$629/Sq Ft
Est. Value
Highlights
- Lawn
- Double Pane Windows
- 4 Car Garage
- Alta Vista Elementary School Rated A+
- Living Room
- Carpet
About This Home
As of January 2023This charming 4 plex is located just one block from the beach and just a couple blocks from Redondo's Riviera Village. There are (two), 2-bedrooms, 1 bath, and (two), 1-bedroom 1 bath units. Each unit has been completely upgraded to include all new widows, hardwood flooring, kitchen cabinets, appliances including refrigerators in each unit, and remodeled bathrooms and 3 year old roof. Each unit also comes with its own covered shared garage (carport) and the 2 bedrooms comes with an additional designated (2) parking spots (one covered garage and one uncovered space). The covered garages also have assigned storage for each unit. Three of the units are located downstairs with a 2-bedroom unit located upstairs. Very well-maintained and landscaped grounds with spacious front and side yard. This amazing renovated property is in outstanding condition and is located in one of the most prime locations that Redondo Beach has to offer. The Riviera Village is one of the loveliest shopping and nightlife destinations in Southern California, with numerous shops, boutiques, bars, restaurants, professional offices and a Trader Joe's grocery store. The Village features annual art and fitness festivals, special events, further enhancing the neighborhood' s general appeal. Strong CAP rate, Excellent cash flow and amazing investment opportunity.
Last Agent to Sell the Property
First Team Real Estate License #01292458 Listed on: 08/30/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,460
Year Built
- Built in 1943 | Remodeled
Lot Details
- 8,547 Sq Ft Lot
- Property fronts a highway
- Two or More Common Walls
- Front and Side Yard Sprinklers
- Lawn
- Garden
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Carport
- Parking Available
Home Design
- Property Attached
- Composition Roof
- Stucco
Interior Spaces
- 2,936 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Living Room
Kitchen
- Gas Oven
- Free-Standing Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 19
- Tax Tract Number 5444
- Assessor Parcel Number 7508025007
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $3,600
- Insurance Expense $2,500
- Trash Expense $2,640
- Water Sewer Expense $2,200
- Operating Expense $10,940
- Gross Income $100,620
- Net Operating Income $89,680
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 26, 2024
Sold by
Tawfik Mark
Bought by
Mark Tawfik Living Trust and Tawfik
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mark Tawfik Living Trust | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2023 01/20/23 | Sold | $1,640,000 | -18.0% | $559 / Sq Ft |
| 11/14/2022 11/14/22 | Price Changed | $1,999,000 | -3.2% | $681 / Sq Ft |
| 11/03/2022 11/03/22 | Price Changed | $2,065,000 | -0.5% | $703 / Sq Ft |
| 10/19/2022 10/19/22 | Price Changed | $2,075,000 | -7.8% | $707 / Sq Ft |
| 09/22/2022 09/22/22 | Price Changed | $2,250,000 | -7.2% | $766 / Sq Ft |
| 09/13/2022 09/13/22 | Price Changed | $2,425,000 | -6.4% | $826 / Sq Ft |
| 08/30/2022 08/30/22 | For Sale | $2,590,000 | -- | $882 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,460 | $1,706,256 | $1,186,056 | $520,200 |
| 2024 | $19,460 | $1,672,800 | $1,162,800 | $510,000 |
| 2023 | $23,497 | $2,040,000 | $1,428,000 | $612,000 |
| 2022 | $4,008 | $261,975 | $177,400 | $84,575 |
| 2021 | $4,083 | $256,839 | $173,922 | $82,917 |
| 2019 | $4,019 | $249,222 | $168,764 | $80,458 |
| 2018 | $3,856 | $244,336 | $165,455 | $78,881 |
| 2016 | $3,723 | $234,850 | $159,031 | $75,819 |
| 2015 | $3,668 | $231,324 | $156,643 | $74,681 |
| 2014 | $3,658 | $226,794 | $153,575 | $73,219 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Miller
-
Mark Tawfik
M
Buyer's Agent in 2023
Mark Tawfik
eXp Realty of Greater Los Angeles, Inc.
(310) 375-3511
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22189758
APN: 7508-025-007
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.
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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