2014 Carnegie Lane

Redondo Beach, CA 90278

$2,500,000
Last Sold Price
13
Beds
12
Baths
5,180 Sq. Ft.
$483 / Sq. Ft.
5,180
Sq. Ft.
$483
per Sq. Ft.

Description

Well Maintained 6 Unit Building with 3 Br, 2.5 Ba Townhouse with fireplace, plus 5- 2 Br, 1.5 Ba apartments. Upgraded with newer windows and doors, Newer roof, Newer Main sewer line, Copper Plumbing. Each unit has separate water heaters and laundry hookups. 3 units have decks. All units have Italian tile floors and tile counter tops in kitchen and baths. Units 3 and 6 have dishwashers. Also, separate Laundry room with it's own water heater. 3-2 car garages. Building was converted from all electric...Well Maintained 6 Unit Building with 3 Br, 2.5 Ba Townhouse with fireplace, plus 5- 2 Br, 1.5 Ba apartments. Upgraded with newer windows and doors, Newer roof, Newer Main sewer line, Copper Plumbing. Each unit has separate water heaters and laundry hookups. 3 units have decks. All units have Italian tile floors and tile counter tops in kitchen and baths. Units 3 and 6 have dishwashers. Also, separate Laundry room with it's own water heater. 3-2 car garages. Building was converted from all electric to gas. Rents haven't been raised in 2020. Room for increases. Located in fantastic North Redondo neighborhood 2.5 miles to beach, close to restaurants, shopping, parks, transportation. Stated Expenses are Actual, maintenance expense is low due to "Hands on" landlord. Pride of ownership building. Do not disturb tenants.
  1. Listed by Terry Ballentine • DRE #00588883 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 2014 Carnegie Lane

Water Front
None
Zoning
RBR-3
Style
Traditional
Cross Streets
Aviation Blvd / Artesia Blvd
Parcel Number
4156010005
Total Units
6.0
Living Area
5180
Source Living Area
Assessor

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Terry Ballentine, DRE #00588883

Sold By RE/MAX Commercial & Inv Realty, Brian Estes, DRE #01394559

Add your commute
LISTING UPDATED: 03/25/2021 10:28 AM

Property Details for 2014 Carnegie Lane

StatusSold
MLS #21-676410
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.17 AC / 7,510 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Terry Ballentine, DRE #00588883

Sold By RE/MAX Commercial & Inv Realty, Brian Estes, DRE #01394559

Add your commute

Building Information for 2014 Carnegie Lane

Stories2Residences-Year Built1964Building Size-Lot Size0.17 AC / 7,510 SF

Payment Calculator

$16,216 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,572

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2014 Carnegie Lane

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas, Multi-Tank
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Rent Control, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $154,157
  • Net Operating Income: $125,930.00
  • Gross Income: $154,020
  • Gross Scheduled Income: $154,020
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $16.56
  • Actual Annual Gross Rent: $154,020.00
  • Actual Gross Annual Income: $154,157
  • Monthly GrossI Income: $12,835.00
  • Laundry Income: $137
  • Actual Rent Total: $154,020.00
  • Financial Info as Of: 12/31/2020
  • Vacancy Allow Dollar: $4,620.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 28090
  • Water Expense: $1,694.00
  • Electric Expense: $420.00
  • Trash Expense: $1,428.00
  • Tax Expense: $11,204
  • Expense Maintenance Percent: $.00
  • Gardener Expense: $660
  • Insurance Expense: $2,473
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1724
  • Lot Size Square Feet: 7510
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Description: Back Yard, Curbs, Fenced Yard, Front Yard, Yard, Street Paved, Street Lighting, Single Lot, Sidewalks
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Attached, Driveway - Concrete, Assigned
  • Total Parking: 6
  • Covered Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Concrete, Assigned
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Radiant
  • Heating Type: Radiant
  • Flooring: Hardwood, Carpet, Tile
  • Equipment: Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Dishwasher
  • Kitchen Features: Tile Counters
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas
  • Laundry: Garage, Community
  • Volt220 Location: In Garage, In Laundry
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: Composition, Flat
  • Sprinklers: Front
  • Patio Features: Deck(s), Living Room Balcony
  • Windows: Double Pane Windows, Screens
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Construction MVO: Frame and Stucco
  • Other Structural Features: Balcony, Sliding Glass Doors, Rain Gutters, Partial Copper Plumbing, Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-08-2021
  • Listing Terms: Take Property As Is, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,696.00
  • Unit Actual Rent: $2,696.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,958.00
  • Unit Actual Rent: $1,958.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,936.00
  • Unit Actual Rent: $1,936.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,195.00
  • Unit Actual Rent: $2,195.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,055.00
  • Unit Actual Rent: $2,055.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number of Carpet: 6
  • Number of Dishwasher: 2
  • Number of Disposal: 6
  • Number of Electric Meters: 6
  • Number of Gas Meters: 4
  • Number Leased: 6
  • Number Patio: 3
  • Number Range: 6
  • Number Refrigerator: 0
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $30,600
  • Tax Rate: 1.20%
  • Tax Rate Year: 2020
  • Assessed Improvement Value: $538,966.00
  • Assessed Improvement Percent: 71.25
  • Assessed Land Value: $217,472.00
  • Assessed Land Percent: 28.75
  • Assessed Total Value: $756,438.00
  • Private Transfer Taxes: No

Property History for 2014 Carnegie 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 2014 Carnegie Lane

Taxable ValueLand$1,352,520Additions$1,248,840Total$2,601,360
Tax Record2023$30,858 ($2,572 / month)
Home Facts
Total Finished SqFt5,180 SqFtAbove Grade Finished SqFt5,180 SqFtLot Size7,510 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningRBR-3CountyLOS ANGELESAPN4156-010-005

Schools near 2014 Carnegie 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
Birney Elementary School
PublicK to 5

Adams 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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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 RE/MAX ESTATE PROPERTIES, Terry Ballentine, DRE #00588883

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.