Seller's Agent in 2020
Karo Karapetyan
Blackstone Estates, Inc.
(310) 435-8179
1 in this area
25 Total Sales
1002 Manhattan Ave Hermosa Beach, CA 90254
Estimated Value: $3,440,000 - $4,264,000
8
Beds
4
Baths
2,744
Sq Ft
$1,405/Sq Ft
Est. Value
Highlights
- Corner Lot
- No HOA
- Bike Trail
- Hermosa Valley Elementary School Rated A
About This Home
As of September 2020A rare opportunity to acquire this fourplex building, steps from the beach, situation in highly desired Hermosa Sand Section. 3 of the 4 units have been upgraded with hardwood floors and full appliances. Within few blocks of famous Clark Field, and just a couple blocks to tennis/pickle ball courts, farmers market, just a few steps to one of Hermosa?s coveted parks and the greenbelt. The ideally situated property presents you with the opportunity for a high-end investment you can rent out or live in one of the units. All units are on month-to-month lease.
Last Agent to Sell the Property
Blackstone Estates, Inc. License #01716318 Listed on: 08/05/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,357
Year Built
- Built in 1978
Lot Details
- 4,004 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 4 Parking Spaces
Home Design
- 2,744 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 1 / 48
- Tax Tract Number 4340
- Assessor Parcel Number 4187009001
Community Details
Overview
- No Home Owners Association
- 4 Units
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $14,700
- Trash Expense $1,800
- Water Sewer Expense $960
- New Taxes Expense $32,900
- Operating Expense $50,360
- Gross Income $109,200
- Net Operating Income $58,840
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2020
Closed on
Aug 19, 2020
Sold by
Liddell Charles M and Ward Colleen E
Bought by
Moritz Neal and Mortiz Sarah
Seller's Agent
Karo Karapetyan
Blackstone Estates, Inc.
Buyer's Agent
Jerry Tainter
Ossia Real Estate
List Price
$2,999,995
Sold Price
$2,900,000
Premium/Discount to List
-$99,995
-3.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$955,601
Avg. Annual Appreciation
4.77%
Purchase Details
Closed on
Jun 18, 2014
Sold by
Liddell Charles M
Bought by
Liddell Charles M and Ward Colleen E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,750
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 2008
Sold by
Liddell Living Trust
Bought by
Liddell Charles M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 2003
Sold by
Liddell Charles M
Bought by
Liddell Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moritz Neal | $2,900,000 | Lawyers Title Company | |
| Liddell Charles M | -- | Progressive Title Company | |
| Liddell Charles M | -- | Chicago Title Company | |
| Liddell Living Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Liddell Ii Charles M | $625,000 | |
| Previous Owner | Liddell Ii Charles M | $575,000 | |
| Previous Owner | Liddell Ii Charles M | $510,000 | |
| Previous Owner | Liddell Charles M | $510,750 | |
| Previous Owner | Liddell Ii Charles M | $500,000 | |
| Previous Owner | Liddell Charles M | $440,000 | |
| Previous Owner | Liddell Living Trust | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2020 09/03/20 | Sold | $2,900,000 | -3.3% | $1,057 / Sq Ft |
| 08/19/2020 08/19/20 | Pending | -- | -- | -- |
| 08/05/2020 08/05/20 | For Sale | $2,999,995 | -- | $1,093 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $34,357 | $3,139,052 | $2,706,080 | $432,972 |
| 2024 | $34,357 | $3,077,503 | $2,653,020 | $424,483 |
| 2023 | $34,120 | $3,017,160 | $2,601,000 | $416,160 |
| 2022 | $33,532 | $2,958,000 | $2,550,000 | $408,000 |
| 2021 | $33,043 | $2,900,000 | $2,500,000 | $400,000 |
| 2020 | $9,729 | $696,217 | $517,710 | $178,507 |
| 2019 | $9,602 | $682,566 | $507,559 | $175,007 |
| 2018 | $9,180 | $669,183 | $497,607 | $171,576 |
| 2016 | $8,816 | $643,199 | $478,285 | $164,914 |
| 2015 | $8,874 | $633,538 | $471,101 | $162,437 |
| 2014 | $8,500 | $621,129 | $461,873 | $159,256 |
Source: Public Records
Agents Affiliated with this Home
-
Karo Karapetyan
-
Jerry Tainter
J
Buyer's Agent in 2020
Jerry Tainter
Ossia Real Estate
(310) 245-7027
6 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20157679
APN: 4187-009-001
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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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