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2408 S Redondo Blvd, Los Angeles, CA 90016
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2408 S Redondo Blvd Los Angeles, CA 90016

$1,420,000 Sold Price as of 01/08/2021
  • 8 Beds
  • 6 Baths
  • 3,301 Sq.Ft.
Sold
$1,420,000 Sold Price as of 01/08/2021 Refinance Your Mortgage
Map preview of 2408 S Redondo Blvd, Los Angeles, CA 90016

Property Overview: 2408 S Redondo Blvd Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,301 living square feet and 4,798 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: New Construction Duplex at 5.5% CAP. This duplex is ideally located central to Culver City, Miracle Mile and Downtown Los Angeles. Both units come with 4 bedrooms and 3 bathrooms each and are fully equipped with all new appliances which includes refrigerators, dishwashers, stoves, microwave/hood vents and washer and dryers. This is an ideal investment property to add to any investor's portfolio. The rear unit is currently rented at $4,400/mo. and the front unit is scheduled to lease at $4,150/mo. This area is booming with new construction and plenty of eager tenants looking to call this place home. All utilities (water, gas, electric) are paid by the tenant and are all separately metered. Each unit is built two-story with a living room, dining area, and laundry area. All units have central air and heat and are built energy efficient. The property comes with 3 garages but has the capability to fit up to 5 cars on-site.

Listed by John Kim | BRE #01744170 | Keller Williams SELA
Last checked: 6 minutes ago | Last updated: January 17th, 2023 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
4,798
HOA Dues
$0/mo
Year built
2020
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW20233619
City
Los Angeles
County
Los Angeles
Time on Site
1257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,400
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 14.1
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $79,969
  • Gross Operating Income: --
  • Vacancy Allowance: $5,130
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $17,501
  • New Taxes: $16,301
  • Trash: $0
  • Insurance: $1,200

Property Details for 2408 S Redondo Blvd

Interior Features
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: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5062026057
  • Year Built Source: Builder
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located between the 10 Fwy and Washington Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 2408 S Redondo Blvd

Last sold for $1,420,000 on January 8th, 2021

  • January, 2023

  • Jan 17, 2023

    Date

    Canceled

    CRMLS: PW22258858

    $3,995

    Price

  • Dec 22, 2022

    Date

    Active

    CRMLS: PW22258858

    $3,995

    Price

  • Listing provided courtesy of CRMLS

    The location is central to Culver City, Miracle Mile and Downtown Los Angeles. This unit offers a massive 1,650 sf of living area which includes 4 bedrooms, 3 bathrooms, and is fully equipped with appliances which include stainless steel refrigerator, dishwasher, stove, and in-unit washer and dryer. This unit is 2-stories and offers an over-sized living room/dining area for plenty of room to entertain guests. The unit has Central Air and Heat and the building has been built energy efficient. The unit comes with a one car garage and one uncovered parking space. For showings, call or text for faster response.

  • June, 2021

  • Jun 3, 2021

    Date

    Canceled

    CRMLS: OC21008135

    $3,945

    Price

  • May 7, 2021

    Date

    Price Change

    CRMLS: OC21008135

    $3,945

    Price

  • Apr 28, 2021

    Date

    Price Change

    CRMLS: OC21008135

    $3,395

    Price

  • Feb 25, 2021

    Date

    Price Change

    CRMLS: OC21008135

    $4,050

    Price

  • Feb 25, 2021

    Date

    Price Change

    CRMLS: OC21008135

    $4,100

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: OC21008135

    $4,200

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this NEW 2020 two-story unit. This unit features 4 oversized bedrooms and 3 baths. Stylish laminate flooring throughout. Bright dining and living area with natural lighting. The kitchen is fully equipped with quartz countertops, plenty of counter space, and cabinet space. Open floor plan throughout. The unit features a magnificent master bedroom suite and deluxe master bath. Secondary bedrooms each feature roomy closets. Also, centrally located laundry room that includes a brand new washer/dryer. Includes garage with additional compact parking on site. New stainless steel appliances (Refrigerator, dishwasher, and dishwasher included), low voltage LED lighting and low impact/water-efficient landscaping. Also, brand new HVAC System (A/C and Heat). Great dining and shopping nearby along with easy freeway access. Don't miss out on this opportunity to be the first one to live in this new construction home!

  • January, 2021

  • Jan 13, 2021

    Date

    Sold

    CRMLS: DW20233619

    $1,420,000

    Price

  • Dec 4, 2020

    Date

    Pending

    CRMLS: DW20233619

    $1,449,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: DW20233619

    $1,449,000

    Price

  • January, 2021

  • Jan 8, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,420,000

    Price

  • December, 2020

  • Dec 1, 2020

    Date

    Expired

    CRMLS: DW20189915

    $4,200

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: DW20189915

    $4,200

    Price

  • Sep 12, 2020

    Date

    Active

    CRMLS: DW20189915

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW DUPLEX! Come be the first to live in this newly built contemporary duplex in the highly sought after Mid-City/West Adams area. The location is central to Culver City, Miracle Mile and Downtown Los Angeles. This unit offers a massive 1,600 sf of living area which includes 4 bedrooms, 3 bathrooms, and is fully equipped with brand new appliances which include stainless steel refrigerator, dishwasher, stove, and in-unit washer and dryer. This unit is 2-stories and offers an over-sized living room/dining area for plenty of room to entertain guests. The unit has Central Air and Heat and the building has been built energy efficient. The unit comes with a one car garage and one uncovered parking space. For showings, call or text for faster response.

  • October, 2020

  • Oct 30, 2020

    Date

    Canceled

    CRMLS: DW20115870

    $1,465,000

    Price

  • Sep 29, 2020

    Date

    Price Change

    CRMLS: DW20115870

    $1,465,000

    Price

  • Aug 26, 2020

    Date

    Price Change

    CRMLS: DW20115870

    $1,549,000

    Price

  • Jun 22, 2020

    Date

    Active

    CRMLS: DW20115870

    $1,595,500

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCTION, OWN SAYS TO SELL! This is a rare new construction offering 5.6% CAP in this area. This contemporary brand new construction has been built in the highly sought after Mid-City / West Adams area. The location is central to Culver City, Miracle Mile and Downtown Los Angeles. The building consists of total 8 bedrooms 6 bathrooms, and both units are fully equipped with all new appliances which include refrigerators, dishwasher, stove, and washer and dryer. This is the ideal investment property to add to any investor's portfolio or any owner to live in one and rent the other. Rear unit is currently rented at $4,400/mo. Front Unit is scheduled to lease at $4,200/mo. Can be delivered VACANT or OCCUPIED. This area is booming with new construction and plenty of eager tenants looking to call this place home. All utilities (water, gas, electric) are all separately metered, and each with their own private entrance. Each unit is 2-stories and offers an over-sized living room / dining area for plenty of room to entertain guests. Both units have central air and heat and both units are built energy efficient. The property comes with a total of 4 parking spaces 3 of which have garages. This property is not subject to rent control and will be maintenance free for years to come. This won't last long.

  • July, 2019

  • Jul 20, 2019

    Date

    Sold

    CRMLS: 19482636

    $640,000

    Price

  • Jun 29, 2019

    Date

    Active Under Contract

    CRMLS: 19482636

    $650,000

    Price

  • Jun 27, 2019

    Date

    Active

    CRMLS: 19482636

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Attention Value-Add Investors and Developers. This property is located in Mid City, which is currently one of the hottest and most rapidly changing neighborhoods in Los Angeles. The current property comes with RTI plans for an addition on the main house and ADU conversion for the garage. There are multiple exit strategies for a value-add investor. Currently property is a charming Spanish house which has 2 bedrooms and 1 bathroom. Conveniently located just minutes away from the 10 freeway, minutes from the Expo Line, and Culver City Adjacent. The interior of the property has already been demoed and is ready to for another investor to start work. Property is being SOLD AS-IS

  • July, 2019

  • Jul 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $640,000

    Price

  • May, 2019

  • May 4, 2019

    Date

    Sold

    CRMLS: 19452350

    $523,000

    Price

  • Apr 19, 2019

    Date

    Pending

    CRMLS: 19452350

    $649,900

    Price

  • Apr 12, 2019

    Date

    Active

    CRMLS: 19452350

    $649,900

    Price

  • Listing provided courtesy of CRMLS

    Great Mid-City 2 Bedroom 1 Bathroom home on a large lot. Property boast open floor plan with large living room. Entry friendly ramp at front door allows for ease of access along with large backyard great for entertainment.

Show More

Tax History for 2408 S Redondo Blvd

Assessed Value (2020): $640,000
Year Land Value Improved Value Assessed Value
2020 $512,000 $128,000 $640,000

Home Value Compared to the Market

This property vs the competition

2408 S Redondo Blvd sold on January 8, 2021 for 28.23% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $438.96 per/sqft which puts the price per square foot 41.78% lower than the current median sale per square foot for the city of Los Angeles.

About 2408 S Redondo Blvd

Detailed summary of property

2408 S Redondo Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,301 living square feet, and sits on an approximately 4,798 square foot lot. 2408 S Redondo Blvd was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,420,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.23% higher than the current median priced home. Local homes that are currently for sale include 1847 S Curson Ave, 1612 S Sierra Bonita Ave and 2928 Carmona Ave. While the average home in Los Angeles, CA is selling in 99 days, 2408 S Redondo Blvd has a days on market of 18 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2408 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 2408 S Redondo Blvd

Public county record property details
Beds
2
Baths
1
Year built
1923
Sq. Ft.
945
Lot Size
4,798
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
289
APN
5062-026-057

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
$1,098,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,150,000
Median Sold Price/Sq.Ft.
$742
Total Inventory
79
Median Sale to List Price %
95.91%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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(714) 706-1823

Homes for Sale Near 2408 S Redondo Blvd

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2319 S Redondo Blvd, Los Angeles, CA 90016
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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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