NOT LISTED FOR SALE

321 Richmond St El Segundo, CA 90245

Estimated Value: $1,778,325

2 Beds
3 Baths
2,710 Sq Ft
$656/Sq Ft Est. Value

Last Sold June 09, 2014

Last sale price $930,000 $343 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $10,729/month

22 Days on Market

Highlights

  • Laundry Room
  • Richmond Street Elementary School Rated A
  • Wall Furnace

About This Home

As of June 2014

This is Prime downtown El Segundo office/residential/ retail usage. It is a RARE opportunity to have your own office building in the downtown area, or just a great investment for your 1031 buyer. Fully occupied with long term tenants and all presently on month to month basis.

Last Agent to Sell the Property

Ken Schofield

Schofield Realty, Inc. License #00387822 Listed on: 03/19/2014

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,711

Year Built

  • Built in 1951

Lot Details

  • 3,503 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Home Design

  • 2,710 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 6201
  • Assessor Parcel Number 4136017020

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • Electric Expense $120
  • Insurance Expense $2,160
  • Maintenance Expense $1,080
  • Supplies Expense $1,200
  • Water Sewer Expense $720
  • New Taxes Expense $10,900
  • Gross Income $5,345
  • Net Operating Income $47,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,711

Year Built

Built in 1951

Lot Details

0

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Supplies Expense: 1200.00
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 4136017020
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 343.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters

Lot Info

  • Lot Size Sq Ft: 3503.00
  • Lot Size Acres: 0.0800

Multi Family

  • Electric Expense: 120.00
  • Gross Income: 5345.00
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 64140.00
  • Insurance Expense: 2160.00
  • Lot Size Area: 3503.0000 Square Feet
  • Maintenance Expense: 1080.00
  • Net Operating Income: 47340.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Actual Rent: 5345.00

Tax Info

  • New Taxes Expense: 10900.00
  • Tax Lot: 19
  • Tax Tract Number: 6201
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2014
Sold by
Mahony Roanne and Roanne Mahony Living Trust
Bought by
Harris Family Llc
Current Estimated Value
$1,778,325

Purchase Details

Closed on
Aug 14, 2006
Sold by
Herzog Marcia L and The Michael & Marcia Herzog Fa
Bought by
Mahony Roanne and Roanne Mahony Living Trust

Purchase Details

Closed on
Aug 11, 1999
Sold by
Herzog Michael B and Herzog Marcia
Bought by
Herzog Michael B and Herzog Marcia L
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harris Family Llc $925,000 Fidelity National Title Co
Mahony Roanne $930,000 Landamerica Lawyers Title Co
Herzog Michael B -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2014 06/09/14 Sold $930,000 -6.5% $343 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $995,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,711 $1,133,915 $858,100 $275,815
2024 $12,711 $1,111,682 $841,275 $270,407
2023 $12,380 $1,089,885 $824,780 $265,105
2022 $12,516 $1,068,515 $808,608 $259,907
2021 $12,371 $1,047,564 $792,753 $254,811
2019 $11,954 $1,016,495 $769,241 $247,254
2018 $11,201 $996,564 $754,158 $242,406
2016 $10,871 $957,868 $724,874 $232,994
2015 $10,737 $943,481 $713,986 $229,495
2014 $11,514 $1,016,426 $765,053 $251,373
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Ken Schofield

    Schofield Realty, Inc.

    Section Image
  • Bill Ruane

    Buyer's Agent in 2014

    Bill Ruane

    RE/MAX

    (310) 877-2374

    241 in this area

    433 Total Sales

    Bill Ruane
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14064500

California Regional Multiple Listing Service (CRMLS)

APN: 4136-017-020

California Los Angeles County El Segundo 90245

321 Richmond St, El Segundo, CA

This home is located at 321 Richmond St, El Segundo, CA 90245 since 19 March 2014 and is currently estimated at $1,778,325, approximately $656 per square foot. This property was built in 1951. 321 Richmond St is a home located in Los Angeles County with nearby schools including Richmond Street Elementary School, El Segundo Middle School, and El Segundo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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