18218 Mansel Avenue
18218 Mansel Avenue
Redondo Beach, CA 90278
$2,195,000
Price
6
Beds
6.5
Baths
3,350 Sq. Ft.
$655 / Sq. Ft.
3,350
Sq. Ft.
$655
per Sq. Ft.
Description
Incredible opportunity to step into a fabulous-turn-key income-producing property in the heart of east Redondo Beach's "El Nido" neighborhood. This 3,350 sq. foot property with two brand new built homes and remodeled front house is perfect for the investor or landlord that likes low deferred maintenance over the coming years of ownership. Monthly occupied rents are very close to current market value and offer a competitive cap rate. The two New Built Homes to the rear of the lot have mirror layouts...Incredible opportunity to step into a fabulous-turn-key income-producing property in the heart of east Redondo Beach's "El Nido" neighborhood. This 3,350 sq. foot property with two brand new built homes and remodeled front house is perfect for the investor or landlord that likes low deferred maintenance over the coming years of ownership. Monthly occupied rents are very close to current market value and offer a competitive cap rate. The two New Built Homes to the rear of the lot have mirror layouts and offer a large open "loft-like" first floor area with a modern kitchen, washer and dryer, high-end appliances and great entertainment area. A downstairs bath exudes quality and convenience for family and guests. With tons of light and a bespoke modernistic feel, these units are designed to please. Upstairs, it includes a primary suite with dual sinks in the highly appointed full bath with walk in closet, and the secondary bedroom with an additional highly appointed full bath. Off street parking is plentiful with a generous outside common area. The level of build quality and luxury far exceeds standard rental "expectations" and helps contribute to anticipated competitive rental rates and income longevity. The front house features 2 bedrooms and 2 baths and is completely remolded with newer windows and wide plank flooring. This light and bright airy feeling in the front house offers western exposure for sea breezes, and gleaming sunset and dusk views with plenty of ambiances. The amazing open floor plan leads to a generous family area adjacent to a modernly appointed kitchen with a wrap-around tile counter and breakfast bar. The two bedrooms offer spacious privacy with two bathrooms for convenience. An in-unit laundry area is a dream bonus for the discerning renter. Ample off street parking is a plus. The best part is that the deferred maintenance of brand-new high-quality construction can lead to a peaceful and easily managed income situation. Solar panels can contribute to lower variable energy costs, and can offer peace and mind of off-grid continuity in the event of power outages. With an unprecedented walking score of 100, this property checks off all the desires that high quality renters demand in today's marketplace. Grocery, restaurants, shopping, South Bay Galleria, etc. are just steps from your door for convenience. Freeway access is nearby and the infamous "Redondo Beach" is a couple of minutes from you. This is a must-see property that won't last long
- Listed by Mark Gallandt • DRE #01913813 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills
Property Details for 18218 Mansel Avenue
Water Front
None
ZoningRERR-LM
StyleContemporary
Accessibility FeaturesNone
Parcel Number4083005008
Total Units3.0
Living Area3350
Source Living AreaEstimated
Location
Listing Courtesy of Keller Williams Hollywood Hills, Mark Gallandt, DRE #01913813
Add your commute
LISTING UPDATED: 04/30/2024 08:13 PM
Property Details for 18218 Mansel Avenue
| Status | Active |
|---|---|
| MLS # | 24-382721 |
| Days on Market | 15 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1907 |
| Lot Size | 0.14 AC / 6,004 SF |
| County | Los Angeles County |
Location
Listing Courtesy of Keller Williams Hollywood Hills, Mark Gallandt, DRE #01913813
Add your commute
Building Information for 18218 Mansel Avenue
Stories1Residences-Year Built1907Building Size-Lot Size0.14 AC / 6,004 SF
Payment Calculator
$12,890 per month
30 year fixed, 7.25% Interest
Principal and Interest
$11,979
Property Taxes
$911
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 18218 Mansel Avenue
Community / Development
Community / Development
- Tax Mello Roos: No
- Number Of Units: 3
- Amenities: None
- Senior Community: No
Structure Info
Structure Info
- Year Built Source: Vendor Enhanced
- Number Of Stories: 1
- Number Of Buildings: 2
- Type Of Units: SFRs and ADU
- View: No
- View Description: None
- View: None
- Entry Floor Number: 1
- Security Features: None
- Direction Faces: West
- Property Condition: Updated/Remodeled, New Construction
- Water: Public
- Sewer: In Street
- Water Heaters: Yes
- Additions Alterations: No
- Water Heater Features: Tankless, Electric, Water Heater Unit
- Building Permit: Yes
Contract Info
Contract Info
- Probate: No
- Disclosures: As Is
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $120,168
- Net Operating Income: $105,768.00
- Gross Income: $120,168
- Cap Rate: 4.80%
- Gross Rent Multiplier: $18.20
- Actual Annual Gross Rent: $120,168.00
- Lease Per Month Year: See Remarks
- Owner Pays: Water
- Total Annual Expense: 14400
Land / Lot Info
Land / Lot Info
- Land Lease Type: Fee
- Land Lease: No
- Additional Parcel Number: No
- Alley: No
- Paved: Yes
- Lot Acreage: 0.1378
- Lot Size Square Feet: 6004
- Lot Size Dimensions: 40x150
- Source Lot Size Dimensions: Vendor Enhanced
- Lot Description: Fenced
- Lot Location: City
Parking Details
Parking Details
- Parking Garage: Pull-through, Assigned, Side By Side, Shared Driveway, Tandem, Driveway
- Total Parking: 6
- Covered Parking: 0
- Open Other Spaces Total: 6
- Garage Spaces Total: 0
- Carport Spaces Total: 0
- Parking Features: Pull-through, Assigned, Side by Side, Shared Driveway, Tandem Garage, Driveway
- Garage Structures Total: 0.0
Interior Features
Interior Features
- Levels: Multi/Split, One
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air, Electric
- Cooling Type: Central, Electric
- Heating: Wall Furnace, Central
- Heating Type: Wall, Central
- Flooring: Laminate
- Equipment: Solar Panels
- Interior Features: Laundry - Closet Stacked, Recessed Lighting, Open Floor Plan
- Room Kitchen Features: Remodeled Kitchen
- Kitchen Features: Quartz Counters, Remodeled
- Room Bathroom Features: Remodeled, Shower in Tub
- Bathroom Features: Remodeled, Shower and Tub
- Bedroom Features: WalkInCloset, Master Suite
- Common Walls: Detached/No Common Walls
- Cooking Appliances: Electric, Gas/Electric Range, Cooktop - Electric
- Laundry: In Kitchen, In Unit, Inside
- Disability Access: None
- Volt220 Location: In Kitchen
Exterior Features
Exterior Features
- Pool: No
- Private Pool: No
- Pool Description: None
- Pool Features: None
- Spa: No
- Spa: None
- Tennis: No
- Tennis Court: None
- Roof: Asphalt
- Sprinklers: None
- Patio Features: Concrete Slab
- Entry Location: Ground Level w/steps
- Windows: Double Pane Windows
- New Construction: No
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Foundation Details: Raised
- Other Structures: None
Lease Terms
Lease Terms
- Entry Date: 04-23-2024
- Rent Control: No
- Tenant Pays: Electricity, Trash Collection, Gas
Unit Details
Unit 1 Information
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $3,200.00
- Unit Actual Rent: $3,200.00
- Unit Projected Rent: $3,600.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 2
- Unit Baths: 3
- Unit Furnished: No
- Unit Rent: $3,457.00
- Unit Actual Rent: $3,457.00
- Unit Projected Rent: $3,500.00
- Like Units: 1
Unit 3 Information
- Unit Beds: 2
- Unit Baths: 3
- Unit Furnished: No
- Unit Rent: $3,357.00
- Unit Actual Rent: $3,357.00
- Unit Projected Rent: $3,500.00
- Like Units: 1
Unit Details
- Unit Type Type: 2106, 2107, 2108
- Number of Dishwasher: 3
- Number of Disposal: 3
- Number of Electric Meters: 3
- Number of Gas Meters: 1
- Number Range: 3
- Number Refrigerator: 1
- Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $190,000.00
- Assessed Improvement Percent: 20.0
- Assessed Land Value: $760,000.00
- Assessed Land Percent: 80
- Assessed Total Value: $950,000.00
- Private Transfer Taxes: No
Property History for 18218 Mansel Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 18218 Mansel Avenue
Taxable ValueLand$760,000Additions$190,000Total$950,000
Tax Record2023$10,931 ($911 / month)
Home Facts
Beds3Total Finished SqFt980 SqFtAbove Grade Finished SqFt980 SqFtStories1Lot Size6,004 SqFtStyleSingle Family ResidenceYear Built1907ZoningRERR-LMCountyLOS ANGELESAPN4083-005-008
Schools near 18218 Mansel Avenue
This home is within Torrance Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Edison Elementary School PublicK to 5 | ||
Philip Magruder Middle School Public6 to 8 | ||
North High School Public9 to 12 | ||
Gene Drevno Community Day School Public7 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.
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Listing Courtesy of Keller Williams Hollywood Hills, Mark Gallandt, DRE #01913813
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.