2601 Armour Ln Redondo Beach, CA 90278

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3 beds · 1 bath · 918 sq ft · Lot Size: 5,284 sq ft · Single Family Home · North Redondo Beach
Est. Property Value: $1,220,010
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2601 Armour Ln is in the North Redondo Beach neighborhood of Redondo Beach, CA. It is located in Los Angeles County and ZIP code 90278. This Single Family Home was built in 1953 and is approximately 72 years old. The single family home spans 918 sq ft with 3 bedrooms and 1 bathroom and sits on a 5284 sq ft lot. According to public records, it was last sold in 2023 for $1,500,000 and has a tax-assessed value of $1,411,200, which is $1,329 per sq ft. The North Redondo Beach area of Redondo Beach has 10 residential homes with an average size of 1222 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2601 Armour Ln Redondo Beach, CA 90278 with Property Intel by Whitepages.

2601 Armour Ln

Redondo Beach, CA 90278

Owner Info

Owners & Occupancy for 2601 Armour Ln

This property is owned by Matthew Joel Fredrick. Owner contact information includes 3 phone numbers and 2 email addresses.

Property Owners

Cell Phone(304) ***-****View Cell Phone
Residence*****************
Landline(412) 655-4585
Distance from Property**********
Email Address*********@hotmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************* age 38
Resident 2********************* age 37

Property Financials for 2601 Armour Ln

2601 Armour Ln, Redondo Beach, CA has a mortgage from Citibank Na (orig. May 24, 2023). The Los Angeles county assessment for 2024 values it at $1,411,200, with annual taxes of $11,915.

Mortgage & Equity Information

Loan Amount$*******
LenderCitibank Na
Origination DateMay 24, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity

Property Tax

Purchase DateApril 27, 2023
Property Tax Amount$11,915 in 2023
Purchase Price$1,500,000
Assessed Value$1,411,200 on 2024

Investment Potential for 2601 Armour Ln

The property has a current estimated value of $1,220,010, which is 20% below the neighborhood median, based on public records. It last sold on April 27, 2023 for $1.5M. Projected long-term
is $59,400 annually ($4,950 per month) with a 94% occupancy rate.

Discover more Single Family Homes in North Redondo Beach.

Long-Term

Gross Rental
$59,400 per year($4,950 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 90278 zip code
 
View Rental Potential

Property Details for 2601 Armour Ln

Property Details

Property Sq Ft

Living Area

918 sq ft

25% below market

Lot Size

5,284 sq ft

111% above market

Price Per Sq Ft

Living Area

$1,329 / sq ft

11% above market

Lot Size Area

$231 / sq ft

59% below market

Property condition, age, exterior, etc. for 2601 Armou…
Longitude: -118.36289 Latitude: 33.859307 Parcel Number (APN): 4158-018-021…

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Discover more single family homes near 2601 Armour Ln in Redondo Beach, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2601 Armour Ln in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$1,220,010
$639,752
$580,258 (91%)
$755,046
$843,778 (112%)
YoY Price Change
1.38%
-64%
Year Built
1953
1971
-18 years
Living Space
918 sq ft
1,519 sq ft
-601 (-40%)
$ Per Living Sq Ft
$1,329
$420
$909 (216%)
Lot Size
5,284 sq ft
7,020 sq ft
-1736 (-25%)
$ Per Lot Sq Ft
$231
$88
$143 (161%)

Net Operating Income
$26,724
$3,982 (15%)
Annual Revenue
$59,400
$44,400
$15,000 (34%)
$14,609
$14,085 (96%)
Net Operating Income
$26,724
$3,982 (15%)
Cap Rate
4.21%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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