1308 Agate Street

Redondo Beach, CA 90277

$2,125,000
Last Sold Price
6
Beds
8
Baths
4,186 Sq. Ft.
$508 / Sq. Ft.
4,186
Sq. Ft.
$508
per Sq. Ft.

Description

We are pleased to present the fourplex located at 1308 Agate St., Redondo Beach. This prime income producing property is located just east of the Redondo Beach harbor. Walking distance to shops and restaurants. This unit mix consists of (1) - 3 bedroom/2 bath unit, (2) - 2 bedroom/ 1.5 bath units and (1) - 1 bedroom/ 1 bath with 4 garages. This fourplex is being sold in conjunction with the following buildings: 1211 Beryl St. (4 units), and 1303 Beryl St (4 units). - Total $6,735,000 for the portfolio...We are pleased to present the fourplex located at 1308 Agate St., Redondo Beach. This prime income producing property is located just east of the Redondo Beach harbor. Walking distance to shops and restaurants. This unit mix consists of (1) - 3 bedroom/2 bath unit, (2) - 2 bedroom/ 1.5 bath units and (1) - 1 bedroom/ 1 bath with 4 garages. This fourplex is being sold in conjunction with the following buildings: 1211 Beryl St. (4 units), and 1303 Beryl St (4 units). - Total $6,735,000 for the portfolio or may be purchased separately. Don't miss out on the opportunity to acquire four amazing investment properties totaling 12 units on 3 separate parcels with a total of 13,748 sq ft of buildings all in an A+ locations. A true value add opportunity.
  1. Listed by J. Steven Warshauer • DRE #00499477 • Brokerage DRE #01330395 • Coldwell Banker Commercial • 562-397-9520
  2. Listed by George Bustamante • DRE #01484265 • Brokerage DRE #01330395 • Coldwell Banker Commercial

Property Details for 1308 Agate Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4186
Assessor Parcel Number
7502-014-034
Property Attached YN
true

Location

Listing Courtesy of Coldwell Banker Commercial, J. Steven Warshauer, DRE #00499477; Coldwell Banker Commercial, George Bustamante, DRE #01484265

Sold By Keller Williams Beach Cities, Todd Pearl, DRE #01407700

Add your commute
LISTING UPDATED: 09/15/2023 07:53 AM

Property Details for 1308 Agate Street

StatusClosed
MLS #PW23014228
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.12 AC / 5,315 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Commercial, J. Steven Warshauer, DRE #00499477; Coldwell Banker Commercial, George Bustamante, DRE #01484265

Sold By Keller Williams Beach Cities, Todd Pearl, DRE #01407700

Add your commute

Building Information for 1308 Agate Street

Stories2Residences-Year Built1963Building Size-Lot Size0.12 AC / 5,315 SF

Payment Calculator

$12,300 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,597

Property Taxes

$703

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1308 Agate Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $92,400
  • Gross Scheduled Income: $92,400
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $89,628
  • Net Operating Income: $58,990
  • Gross Multiplier: 24.3
  • Cap Rate: 2.63
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $30,638
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,638
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 10019
  • Tax Census Tract: 6212.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Park, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Park Nearby, Walkstreet
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $3,800
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1308 Agate Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1308 Agate Street

Taxable ValueLand$187,642Additions$478,520Total$666,162
Tax Record2023$8,439 ($703 / month)
Home Facts
Total Finished SqFt4,186 SqFtAbove Grade Finished SqFt4,186 SqFtLot Size5,315 SqFtStyleQuadraplexYear Built1963ZoningRBRMDCountyLOS ANGELESAPN7502-014-034

Schools near 1308 Agate Street

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beryl Heights Elementary School
PublicK to 5

Parras (Nick G.) Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Commercial, J. Steven Warshauer, DRE #00499477; Coldwell Banker Commercial, George Bustamante, DRE #01484265

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.