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1502 S Redondo Blvd, Los Angeles, CA 90019
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1502 S Redondo Blvd Los Angeles, CA 90019

$1,300,000
  • 5 Beds
  • 4 Baths
  • 2,513 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 1502 S Redondo Blvd, Los Angeles, CA 90019

Property Overview: 1502 S Redondo Blvd Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,513 living square feet and 5,715 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great income producing property in a fantastic section of the city. This 4 unit single story apartment unit features 3 1 bedroom, 1bath units and 1 2bedroom, 1 bath unit. Two of the one bedroom units have been updated. The 2 bedroom unit will be delivered vacant at close of escrow. It is currently owner occupied allowing you to live in or set the rental amount at market rate! There is a laundry room in the garage, and parking for one car associated with the two bedroom unit. The remaining garage spaces were modified and will not accommodate parking inside. unit 1 is 1 bd @ $1,141 unit 2 is 1 bd @ $1,630 renovated unit 3 is 1 bd @ $1,491renovated Unit 4 is 2 bd includes a garage with a laundry room, and also 2 other garages that can't be parked in but were semi- converted to studios and has a privacy fence from the first three units. Located in one of the most desirable areas in West LA. centrally located to Santa Monica, Venice Beach, Downtown, Hollywood, and Beverly Hills. Plenty of restaurants, salons, and shopping within walking distance.

Listed by Victor Jackson | BRE #00910834 | Jackson Property Advisors
Last checked: 12 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
5,715
HOA Dues
$0/mo
Year built
1940
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
IN24170334
City
Los Angeles
County
Los Angeles
Time on Site
32 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,630
  • Total Rent: $1,630
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,491
  • Total Rent: $1,491
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,141
  • Total Rent: $1,141
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $51,440
  • Net Operating Income: $49,760
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,680
  • Electric: $100
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 1502 S Redondo Blvd

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Property Details for 1502 S Redondo Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, Kitchen, Living Room
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Converted Garage, Garage, Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5070016040
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Pico, West of La Brea
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1502 S Redondo Blvd

Last sold for $725,000 on August 21st, 2015

  • August, 2024

  • Aug 17, 2024

    Date

    Active

    CRMLS: IN24170334

    $1,300,000

    Price

  • August, 2024

  • Aug 1, 2024

    Date

    Canceled

    CRMLS: 24420767

    $1,200,000

    Price

  • Jul 29, 2024

    Date

    Active

    CRMLS: 24420767

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity on this 4 plex in an up and coming area! This 4 unit income property is located in one of the most desirable areas in West LA. Property is centrally located to many popular destinations like Santa Monica, Venice Beach, Downtown Los Angeles, Hollywood, and Beverly Hills. Benefit from long term tenants with great payment history. Two of the one-bedroom units and the two-bedroom unit have been renovated. The 2 bedroom includes a garage with a laundry room, and there are two additional garages that cannot be used for parking but can be converted into studios. This property includes a privacy fence separating it from the first three units. The two-bedroom unit will be delivered vacant. Enjoy the convenience of restaurants, salons and shopping within walking distance.

  • August, 2015

  • Aug 21, 2015

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

  • April, 2010

  • Apr 14, 2010

    Date

    Sold (Public Records)

    Public Records

    $456,000

    Price

Show More

Tax History for 1502 S Redondo Blvd

Assessed Value (2020): $784,762
Year Land Value Improved Value Assessed Value
2020 $541,216 $243,546 $784,762

Home Value Compared to the Market

This property vs the competition

1502 S Redondo Blvd is listed 8.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $517.31 per/sqft which puts the price per square foot 32.64% lower than the median price per square foot for the city of Los Angeles.

About 1502 S Redondo Blvd

Detailed summary of property

1502 S Redondo Blvd is a fourplex located in Los Angeles, CA 90019 and is currently for sale. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 2,513 living square feet, and sits on an approximately 5,715 square foot lot. 1502 S Redondo Blvd was first listed on ArdentRealEstateGroup.com on August 18, 2024. The homeowner is currently asking $1,300,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.33% higher than the median priced home. Local competing homes currently for sale include 1363 Hauser Blvd, 1363 Hauser Blvd and 2115 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 106 days, 1502 S Redondo Blvd has a days on market of 11 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1502 S Redondo Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1502 S Redondo Blvd

Public county record property details
Beds
5
Baths
4
Year built
1940
Sq. Ft.
2,513
Lot Size
5,714
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5070-016-040

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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