1815 Armour Lane

Redondo Beach, CA 90278

$2,000,000
Last Sold Price
9
Beds
8
Baths
4,950 Sq. Ft.
$404 / Sq. Ft.
4,950
Sq. Ft.
$404
per Sq. Ft.

Description

The North Redondo Beach property is an Incredible opportunity to own a four unit building in a prime location located within minutes of the beach, incredible schools, markets, shopping and close proximity to freeways. Built in 1973, 1815 Armour features 4,950 square feet of living space on a 7,508 square foot lot, and a desirable unit mix of (1) 3 bedroom 2 bathroom unit, and (3) 2 bedroom 1.5 bathroom units. All units are townhome style with a roof top deck with city and peak-a-boo ocean views....The North Redondo Beach property is an Incredible opportunity to own a four unit building in a prime location located within minutes of the beach, incredible schools, markets, shopping and close proximity to freeways. Built in 1973, 1815 Armour features 4,950 square feet of living space on a 7,508 square foot lot, and a desirable unit mix of (1) 3 bedroom 2 bathroom unit, and (3) 2 bedroom 1.5 bathroom units. All units are townhome style with a roof top deck with city and peak-a-boo ocean views. Additionally, each unit has an outdoor living space off of the living room and on-site parking. The property has been well maintained, and all brand new copper plumbing was added a year ago. The property is fully rented with great tenants, with an opportunity for rental upside. Please do not disturb the tenants.
  1. Listed by Jessica Horrell • DRE #01963043 • Brokerage DRE #00854307 • Horrell Realtors
  2. Listed by Jay Horrell • DRE #00854307 • Brokerage DRE #00854307 • Horrell Realtors

Property Details for 1815 Armour Lane

Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4950
Assessor Parcel Number
4160-003-020

Location

Listing Courtesy of Horrell Realtors, Jessica Horrell, DRE #01963043; Horrell Realtors, Jay Horrell, DRE #00854307

Sold By Horrell Realtors, Jessica Horrell, DRE #01963043

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LISTING UPDATED: 10/18/2020 04:07 AM

Property Details for 1815 Armour Lane

StatusClosed
MLS #SB20003783
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.17 AC / 7,508 SF
CountyLos Angeles County

Location

Listing Courtesy of Horrell Realtors, Jessica Horrell, DRE #01963043; Horrell Realtors, Jay Horrell, DRE #00854307

Sold By Horrell Realtors, Jessica Horrell, DRE #01963043

Add your commute

Building Information for 1815 Armour Lane

Stories-Residences-Year Built1973Building Size-Lot Size0.17 AC / 7,508 SF

Payment Calculator

$12,944 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,029

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1815 Armour Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $111,180
  • Gross Scheduled Income: $111,180
  • Net Operating Income: $76,460
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $34,720
  • New Taxes Expense: $23,700
  • Gardener Expense: $660
  • Fuel Expense: $0
  • Electric Expense: $660
  • Insurance Expense: $3,112
  • Maintenance Expense: $3,600
  • Trash Expense: $900
  • Water Sewer Expense: $2,088
  • Total Expenses: $34,720
Tax / Assessment Info
  • Tax Block: 116
  • Tax Tract Number: 1
  • Tax Census Tract: 6207.02
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: None
  • Heating: Wall Furnace
Exterior Features
  • Roof: Asphalt, Shingle
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,525
  • Unit Type Total Rent: $30,300
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,460
  • Unit Type Total Rent: $29,520
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,220
  • Unit Type Total Rent: $26,640
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,140
  • Unit Type Total Rent: $25,680
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 4

Property History for 1815 Armour Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1815 Armour Lane

Taxable ValueLand$1,560,600Additions$520,200Total$2,080,800
Tax Record2023$24,347 ($2,029 / month)
Home Facts
Total Finished SqFt4,950 SqFtAbove Grade Finished SqFt4,950 SqFtLot Size7,508 SqFtStyleQuadraplexYear Built1973ZoningRBR-2CountyLOS ANGELESAPN4160-003-020

Schools near 1815 Armour Lane

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
Jefferson 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 Horrell Realtors, Jessica Horrell, DRE #01963043; Horrell Realtors, Jay Horrell, DRE #00854307

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.