NOT LISTED FOR SALE

Estimated Value: $1,789,000 - $2,139,000

8 Beds
4 Baths
3,309 Sq Ft
$584/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $1,850,000 $559 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,969/month

192 Days on Market

Highlights

  • Fireplace in Kitchen
  • Contemporary Architecture
  • End Unit
  • Washington Elementary School Rated A+
  • Property is near public transit
  • Granite Countertops

About This Home

As of August 2023

MAJOR PRICE IMPROVEMENT-DESIRABLE QUADRUPLEX 4-UNITS IN THE CITY OF REDONDO BEACH. Total 8 Bedrooms and 4 Bathrooms
(1) Front unit is Private Home 2Bd 1 Bath featuring laundry room off kitchen area & back door exit. (3) units in the back A,B, & C, (All 2 Bed 1 Bath each). Altogether total 8 bedrooms & 4 Bathrooms, living area altogether Sq Ft 3,309 in one rectangular lot size 5,985. Excellent income opportunity for an investor or first time home buyer to reside in one and rent the others. Property is short drive time to the beach, malls, groceries stores, bus lines, entertainment, restaurants. Redondo Beach Unified School District (Redondo Union High, Adams Middle School & Lincoln Elementary). Owner installed granite counter tops in (2) units approximately four years ago, (3) water heaters recently replaced
Possible RV parking. Seller will consider all reasonable offers!

Last Agent to Sell the Property

Mark Magers

Deluxe Realty License #01715385 Listed on: 12/04/2022

Co-Listed By

Gladys Magers

Deluxe Realty License #01725977

Last Buyer's Agent

Jag Singh

Keller Williams - Eagle Rock License #01886951

Keller Williams - Eagle Rock

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,985 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Southeast Facing Home
  • Fenced
  • Stucco Fence
  • Rectangular Lot
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Quadruplex
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 8 Bedrooms
  • 3,309 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Living Room with Fireplace
  • Storage

Kitchen

  • Gas Oven
  • Microwave
  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 22 / 22
  • Tax Tract Number 620
  • Assessor Parcel Number 4082003021
  • $1,334 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $1,776
  • Other Expense $5,376
  • Trash Expense $2,007
  • Water Sewer Expense $1,620
  • Operating Expense $3,627

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,985 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Ad Number: 818-921-5057
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1620.00
  • Zoning: RBR-3
  • Architectural Style: Contemporary, Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4082003021
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Storage, Unfurnished
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room
  • Price Per Square Foot: 559.08
  • Room Type: Laundry
  • Window Features: Blinds

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Slab
  • Other Structures: Shed(s), Storage
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Water Heater, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2007.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Rectangular Lot, Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 5985.00
  • Lot Size Acres: 0.1374

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 3600.00
  • Gross Scheduled Income: 127320.00
  • Insurance Expense: 1776.00
  • Lot Size Area: 5985.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Other Expense: 5376.00
  • Rent Control: No
  • Total Actual Rent: 5110.00
  • Total Expenses: 3627.00

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 6206.01
  • Tax Lot: 22
  • Tax Tract Number: 620...
  • TaxOtherAnnualAssessmentAmount: 1334.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2022
Closed on
Aug 18, 2023
Sold by
Dhaliwal Kirpal Singh
Bought by
Dhaliwal Saranjit K
Seller's Agent
Mark Magers
Deluxe Realty
Buyer's Agent
Jag Singh
Keller Williams - Eagle Rock
List Price
$2,550,000
Sold Price
$1,850,000
Premium/Discount to List
-$700,000
-27.45%
Views
168
Current Estimated Value
$1,932,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,533
Avg. Annual Appreciation
1.71%
Original Mortgage
$1,295,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2022
Closed on
Jun 27, 2023
Sold by
Edilberto Diaz Living Trust
Bought by
Dhaliwal Ajitpal and Dhaliwal Saranjit K
Seller's Agent
Mark Magers
Deluxe Realty
Buyer's Agent
Jag Singh
Keller Williams - Eagle Rock
List Price
$2,550,000
Sold Price
$1,850,000
Premium/Discount to List
-$700,000
-27.45%
Views
168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2020
Sold by
Diaz Edilberto S and Diaz Edilberto
Bought by
Diaz Edilberto S and Diaz Janet C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,237
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2006
Sold by
Sulca Matilde
Bought by
Diaz Edilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 14, 2005
Sold by
Wilson Michael Steven
Bought by
Diaz Edilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 8, 2001
Sold by
Schachle Patrick
Bought by
Wilson Michael Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1993
Sold by
Schachle Sharon
Bought by
Schachle Patrick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dhaliwal Saranjit K -- Provident Title Company
Dhaliwal Ajitpal $1,850,000 Provident Title Company
Diaz Edilberto S -- Chicago Title Company
Diaz Edilberto -- Lawyers Title Company
Diaz Edilberto $1,200,000 Lawyers Title Company
Wilson Michael Steven $580,000 Lawyers Title Company
Schachle Patrick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dhaliwal Ajitpal $1,295,000
Previous Owner Diaz Edilberto S $665,237
Previous Owner Diaz Edilberto $180,000
Previous Owner Diaz Edilberto $900,000
Previous Owner Wilson Michael Steven $522,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $1,850,000 -9.8% $559 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/02/2023 05/02/23 Price Changed $2,050,000 -7.7% $620 / Sq Ft
01/28/2023 01/28/23 Price Changed $2,220,000 -4.7% $671 / Sq Ft
12/27/2022 12/27/22 Price Changed $2,329,000 -8.7% $704 / Sq Ft
12/04/2022 12/04/22 For Sale $2,550,000 -- $771 / 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 $21,653 $1,887,000 $1,275,000 $612,000
2024 $21,653 $1,850,000 $1,250,000 $600,000
2023 $16,728 $1,407,981 $1,276,640 $131,341
2022 $16,504 $1,380,374 $1,251,608 $128,766
2021 $16,119 $1,353,309 $1,227,067 $126,242
2020 $16,139 $1,339,433 $1,214,485 $124,948
2019 $15,810 $1,313,171 $1,190,672 $122,499
2018 $15,360 $1,287,424 $1,167,326 $120,098
2017 $15,127 $1,262,182 $1,144,438 $117,744
2016 $14,853 $1,237,435 $1,121,999 $115,436
2015 $14,578 $1,218,849 $1,105,146 $113,703
2014 $13,556 $1,120,000 $1,022,000 $98,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22233089

California Regional Multiple Listing Service (CRMLS)

APN: 4082-003-021

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