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2001 S Redondo Blvd, Los Angeles, CA 90016
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2001 S Redondo Blvd Los Angeles, CA 90016

$1,100,000 Sold Price as of 08/28/2024
  • 5 Beds
  • 3 Baths
  • 2,292 Sq.Ft.
Sold
$1,100,000 Sold Price as of 08/28/2024 Refinance Your Mortgage
Map preview of 2001 S Redondo Blvd, Los Angeles, CA 90016

Property Overview: 2001 S Redondo Blvd Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,292 living square feet and 6,137 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present 2001 S Redondo Boulevard, a 3-unit multifamily property located in the Mid-City neighborhood of Los Angeles City. 2001 S Redondo Blvd is conveniently located at the center point of Century City and Downtown LA, minutes from Miracle Mile and Fairfax District. Notable attractions within 15-miles of the property include The Grove, Hollywood Blvd, Dodger Stadium, SoFi Stadium, Crypto.Com Arena, Intuit Dome, Los Angeles International Airport, Santa Monica Pier, and more. Locally, tenants benefit from their close proximity to a variety of local retailers found on Washington, San Vicente, and La Cienega Boulevards. Some notable local retailers and amenities include Target, Marshalls, Bloomingdales, Lowes Home Improvement, Kaiser Permanente of West LA, Cedar Sinai Medical Center, and more. Tenants also enjoy convenient access to the Santa Monica FWY with direct routes to Santa Monica, DTLA, and San Gabriel Valley to name a few. 2001 S Redondo Blvd is a ±2,292 square foot property offering 3 single-story, bungalow-style apartments. The property sits on a 6,000+ square foot corner lot and is being offered for sale for the first time in over four decades. The property offers one, 1-bedroom unit and two, 2-bedroom units. The 1- and 2- bedroom units average 642 and 800 square feet (buyer to verify). A savvy investor will also recognize the opportunity for future ADU potential (buyer to verify). The property has endless potential and is suitable for a first-time investor, seasoned investor, 1031 exchange buyer, and possibly a homeowner with plans to occupy and collect rental income.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 9 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,137
HOA Dues
$0/mo
Year built
1941
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
CV24122021
City
Los Angeles
County
Los Angeles
Time on Site
97 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $67,200
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.09%
  • Gross Rent Multiplier: 13.89
  • Gross Scheduled Income: $90,000
  • Net Operating Income: $63,671
  • Gross Operating Income: $87,300
  • Vacancy Allowance: $2,700
Annual Expense Breakdown
  • Total Operating Expense: $23,629
  • New Taxes: $15,439
  • Trash: $0
  • Gardener: $960
  • Insurance: $1,950
  • Maintenance: $2,400
  • Water/Sewer: $2,280
  • Other Expenses: $600
  • Other Expense Description: Reserves

Property Details for 2001 S Redondo Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5063002035
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merge onto I-10 W, Take exit 8 for La Brea Ave, Turn left onto W 21st St, Turn right onto Redondo Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2001 S Redondo Blvd

Last sold for $1,100,000 on August 28th, 2024

  • August, 2024

  • Aug 28, 2024

    Date

    Sold

    CRMLS: CV24122021

    $1,100,000

    Price

  • Jun 14, 2024

    Date

    Active

    CRMLS: CV24122021

    $1,250,000

    Price

  • April, 2024

  • Apr 21, 2024

    Date

    Expired

    CRMLS: ML81946772

    $1,398,000

    Price

  • Nov 1, 2023

    Date

    Active

    CRMLS: ML81946772

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    For those dreaming to live in their own detached home with no shared walls and at the same time collect rents from the rental units, now you can kill 2 birds with 1 stone. Introducing three Bungalow style detached homes comprising the following: Unit 2001: 1 bedroom, 1 bath, Unit 2003: 2 bedroom 1 bath, Unit 2005: 2 bedroom 1 bath. Each home comes with 1 car garage + 1 driveway parking. Property is located on the South western corner of South Redondo Blvd and West 20th Street. Buyers and Investors priced out of other westside addresses are buying properties of all types ranging from century old single family with period details to brand new construction with modern amenities. Property is 4.3 miles from the golden triangle of Beverly Hills, 2.8 miles from downtown Culver City, 5.8 miles from Downtown LA and 20 minutes walk from expo light rail metro stop. There is a plethora of new amenities popping up and down the neighborhood. First time on market in over 45 years.

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Tax History for 2001 S Redondo Blvd

Assessed Value (2020): $60,924
Year Land Value Improved Value Assessed Value
2020 $29,788 $31,136 $60,924

Home Value Compared to the Market

This property vs the competition

2001 S Redondo Blvd sold on August 28, 2024 for 11.61% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $545.38 per/sqft which puts the price per square foot 24.67% lower than the current median sale per square foot for the city of Los Angeles.

About 2001 S Redondo Blvd

Detailed summary of property

2001 S Redondo Blvd is a triplex that recently sold in Los Angeles, CA 90016. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,292 living square feet, and sits on an approximately 6,137 square foot lot. 2001 S Redondo Blvd was first listed on ArdentRealEstateGroup.com on June 14, 2024. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.61% higher than the current median priced home. Local homes that are currently for sale include 1504 S Mansfield Ave, 2749 S Mansfield Ave and 2045 S Palm Grove Ave. While the average home in Los Angeles, CA is selling in 106 days, 2001 S Redondo Blvd has a days on market of 13 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 2001 S Redondo Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2001 S Redondo Blvd

Public county record property details
Beds
5
Baths
3
Year built
1941
Sq. Ft.
2,292
Lot Size
6,136
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
975
APN
5063-002-035

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
80
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

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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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