NOT LISTED FOR SALE

720 Rita St Redondo Beach, CA 90277

Estimated Value: $1,538,000 - $5,274,000

2 Beds
1 Bath
835 Sq Ft
$4,594/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2016

Last sale price $920,000 $1,102 Per Sq Ft

Est. 317% increase in value since last sale

Current estimated payment $23,093 / mo

44 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Alta Vista Elementary School Rated A+
  • Views
  • 2 Car Garage

About This Home

As of May 2016

WOW!!! SUPER SERIOUS SELLER Found an up leg and is looking for a quick escrow to complete a 1031 exchange ****PLEASE DO NOT DISTURB THE TENANT unlimited potential for coastal development On one of the best streets in South Redondo. Property currently rented for $2300 a month to long time tenant.leas goes through July. House can be viewed by appointment after march 28th. Great opportunity to build your dream home now or hold for future development. House has original hardwood floors and new windows as of 2011. large flagstone deck overlooking the deep and private yard. 2 car garage sits near the rear of the lot. Possible Ocean and PV peninsula view from a second story.

Last Agent to Sell the Property

Evelyn Cheeks

Evelyn Cheeks License #00472521 Listed on: 03/26/2016

Last Buyer's Agent

Manoj Narang

REMAX AEGIS License #01364109

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 8,043

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 835 Sq Ft Home
  • Raised Foundation
  • Composition Roof

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Full Bathroom

Additional Features

  • Laundry Room
  • 8,043 Sq Ft Lot
  • Property Views

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 10019
  • Assessor Parcel Number 7507015011

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

8,043 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7507015011
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 835.00
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 1101.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 8043.00
  • Price Per Lot Square Foot: 114.39
  • Lot Size Acres: 0.1850

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8043.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 10019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2017
Sold by
Mjproperty Investments Llc
Bought by
Narang Manoj and Char Narang Vandhna S
Current Estimated Value
$3,836,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Outstanding Balance
$1,141,575
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$2,694,545

Purchase Details

Listed on
Mar 26, 2016
Closed on
Mar 31, 2016
Sold by
Morones Erin Lee
Bought by
Mj Property Investments Llc
Seller's Agent
Evelyn Cheeks
Evelyn Cheeks
Buyer's Agent
Manoj Narang
REMAX AEGIS
List Price
$979,000
Sold Price
$920,000
Premium/Discount to List
-$59,000
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.46%

Purchase Details

Closed on
Feb 29, 2012
Sold by
Morones Erin Lee
Bought by
Morones Erin Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 1996
Sold by
Siner Erin
Bought by
Siner Erin Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Narang Manoj -- Stewart Title Of Ca Inc
Mj Property Investments Llc $920,000 Usa National Title Company
Morones Erin Lee -- Usa National Title
Morones Erin Lee -- Usa National Title Co
Siner Erin Lee -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Narang Manoj $1,340,000
Previous Owner Morones Erin Lee $150,000
Previous Owner Siner Erin Lee $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2016 05/13/16 Sold $920,000 -6.0% $1,102 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $979,000 0.0% $1,172 / Sq Ft
03/26/2016 03/26/16 Price Changed $979,000 +6.4% $1,172 / Sq Ft
03/21/2016 03/21/16 Off Market $920,000 -- --
02/13/2016 02/13/16 For Sale $1,049,000 -- $1,256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $33,042 $2,957,147 $1,089,091 $1,868,056
2024 $33,042 $2,899,165 $1,067,737 $1,831,428
2023 $32,427 $2,842,319 $1,046,801 $1,795,518
2022 $31,946 $2,786,588 $1,026,276 $1,760,312
2021 $31,180 $2,731,950 $1,006,153 $1,725,797
2019 $11,626 $976,309 $781,048 $195,261
2018 $11,308 $957,167 $765,734 $191,433
2017 $11,132 $938,400 $750,720 $187,680
2016 $4,572 $354,710 $320,667 $34,043
2015 $4,496 $349,383 $315,851 $33,532
2014 $4,437 $342,540 $309,664 $32,876
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16030752

California Regional Multiple Listing Service (CRMLS)

APN: 7507-015-011

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