2637 S Redondo Blvd, Los Angeles, CA 90016
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2637 S Redondo Blvd Los Angeles, CA 90016

$1,895,000
  • 8 Beds
  • 8 Baths
  • 3,616 Sq.Ft.
For Sale
$1,895,000 Get Pre-Qualified

Map preview of 2637 S Redondo Blvd, Los Angeles, CA 90016

Property Overview: 2637 S Redondo Blvd Los Angeles, CA has 8 bedrooms, 8 bathrooms, 3,616 living square feet and 7,210 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: 2637 S Redondo Blvd is an 8-unit garden-style apartment building located in the West Adams neighborhood of Los Angeles. The property's unit mix consists of eight open concept 1+1's, seven of which have been extensively remodeled to include new paint, laminate flooring, windows, kitchens, and bathrooms. The exterior of the building has also been painted and re-landscaped. Each unit has its own water heater and is individually metered for gas and electricity. Located just minutes away from Culver City, Mid-City, and the University of Southern California, 2637 S Redondo Blvd provides residents with a central starting point for commuting. The property boasts a fantastic 84 walk score and is located just 0.7 miles away from the Expo/La Brea Metro station and 0.5 miles from the nearest I-10 freeway on-ramp. Tenants can enjoy a variety of new area amenities featured in the ever evolving West Adams neighborhood. Tenants with children have numerous nearby parks and schools to choose from, including Rancho Cienega Recreation Center and Cienega Elementary School. With 2637 S Redondo Blvd you can hedge against inflation, exploit tax advantages, and add more value.

Listed by Jordan Peikin | BRE #02015987 | Jordan Peikin
Last checked: 41 seconds ago | Last updated: July 9th, 2024 | Source CRMLS | DOM: 98
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Home details

Lot Sq. Ft
7,210
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24378849
City
Los Angeles
County
Los Angeles
Time on Site
98 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,611
  • Total Rent: $1,611
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,522
  • Total Rent: $1,522
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,559
  • Total Rent: $1,559
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $933
  • Total Rent: $933
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,715
  • Total Rent: $1,715
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 13.23
  • Gross Scheduled Income: --
  • Net Operating Income: $91,052
  • Gross Operating Income: $138,960
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2637 S Redondo Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5043004024
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Redondo near Adams Blvd. Between Hauser and La Brea.
View more facts & features

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Sale History for 2637 S Redondo Blvd

Last sold for $1,150,000 on September 1st, 2016
  • April, 2024

  • Apr 10, 2024

    Date

    Active

    CRMLS: 24378849

    $1,895,000

    Price

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: 20655780

    $1,695,000

    Price

  • Dec 16, 2020

    Date

    Withdrawn

    CRMLS: 20655780

    $1,695,000

    Price

  • Nov 16, 2020

    Date

    Price Change

    CRMLS: 20655780

    $1,695,000

    Price

  • Nov 5, 2020

    Date

    Active

    CRMLS: 20655780

    $1,745,000

    Price

  • Listing provided courtesy of CRMLS

    A fantastic investment opportunity in the heart of the ever developing West Adams neighborhood! Located in an opportunity zone, these upgraded garden bungalows contain 1 bedroom and 1 bathroom each, and are individually metered for gas and electricity. 2637 Redondo is incredibly well located and would be a wonderful portfolio piece for any investor.

  • November, 2020

  • Nov 5, 2020

    Date

    Canceled

    CRMLS: 20560594

    $1,999,999

    Price

  • Mar 6, 2020

    Date

    Active

    CRMLS: 20560594

    $1,999,999

    Price

  • Listing provided courtesy of CRMLS

    A fantastic investment opportunity in the heart of the ever developing West Adams neighborhood! Located in an opportunity zone, these upgraded garden bungalows contain 1 bedroom and 1 bathroom each, and are individually metered for gas and electricity. 2637 Redondo is incredibly well located and would be a wonderful portfolio piece for any investor.

  • September, 2016

  • Sep 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • February, 2003

  • Feb 20, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2637 S Redondo Blvd

Assessed Value (2020): $1,220,388
Year Land Value Improved Value Assessed Value
2020 $854,272 $366,116 $1,220,388

Home Value Compared to the Market

This property vs the competition

2637 S Redondo Blvd is listed 57.92% 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 $773 and this home is listed at $524.06 per/sqft which puts the price per square foot 32.2% lower than the median price per square foot for the city of Los Angeles.

About 2637 S Redondo Blvd

Detailed summary of property

2637 S Redondo Blvd is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 3,616 living square feet, and sits on an approximately 7,210 square foot lot. 2637 S Redondo Blvd was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $1,895,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 57.92% higher than the median priced home. Local competing homes currently for sale include 5869 Dauphin Ave, 1556 S Genesee Ave and 1455 S Genesee Ave. While the average home in Los Angeles, CA is selling in 101 days, 2637 S Redondo Blvd has a days on market of 98 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2637 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 2637 S Redondo Blvd

Public county record property details
Beds
8
Baths
8
Year built
1923
Sq. Ft.
3,616
Lot Size
7,207
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
130,131
APN
5043-004-024

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
$1,095,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,125,000
Median Sold Price/Sq.Ft.
$704
Total Inventory
76
Median Sale to List Price %
102.27%
Avg Days on Market
26
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

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Related Resources to 2637 S Redondo Blvd

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.