NOT LISTED FOR SALE

1009 -1011 7th St Hermosa Beach, CA 90254

Estimated Value: $2,161,000 - $3,057,000

2 Beds
2 Baths
2,040 Sq Ft
$1,229/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $1,265,600 $620 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $14,982/month

152 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Central Heating
  • Hermosa View Elementary School Rated A
  • Laundry Room
  • 3-minute walk to Fort Lots of Fun Park

About This Home

As of February 2016

Hermosa Beach Duplex With Ocean Views! Fabulous location in the residential neighborhood; completely remodeled split-level home. Each unit is a 2 story, 1 bedroom, 1 bathroom and approximately 1,000 square feet. Newer finished hardwood floors, wood beamed ceilings and brand new double paned windows throughout, plus ocean peak and a view of the Palos Verdes hills. Dining area with sliding glass doors that open to the back-yard. Kitchen has granite and top of the line appliances, dishwasher, stove and refrigerator with washer & dryer hookups in unit. Upstairs is a spacious bedroom with ocean peak and tree top views, large walk-in closet and brand new bathroom. Improvements also include: Roof Replaced. New Custom Closet Shelving Systems. New Forced Air Gas Furnace and Ductwork. Tankless Water Heaters. New Windows and Doors. New Railings Interior and Exterior. New Hardscape in Rear of Property. Artificial Turf with Pet Odor Infill. Exterior Hardcoat Stucco Redone. Gutter and Downspouts Added. All exterior Lighting Upgraded and Changed. Each Unit comes with a 1 car garage. The middle garage is a shared space. Each unit is provided a huge custom built storage units.

Last Agent to Sell the Property

Bill Ruane

Estate Properties License #00972400 Listed on: 07/18/2015

Estate Properties

Last Buyer's Agent

lilian lee

Marriott Management Company License #00918990

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,115

Year Built

  • Built in 1955

Lot Details

  • 2,787 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Property Views

  • Ocean
  • Hills

Interior Spaces

  • 2,040 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 6211
  • Assessor Parcel Number 4186011015

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,115

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 4186011015
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 620.39

Exterior Features

  • View: Hills, Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 2787.00
  • Price Per Lot Square Foot: 454.11
  • Lot Size Acres: 0.0640

Multi Family

  • Lot Size Area: 2787.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 6211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2015
Sold by
Jarvis Eric F and The 2001 Shirley Jarvis Family
Bought by
Lee Lilian and Lilian Lee Huang Family Trust
Current Estimated Value
$2,507,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2012
Sold by
Jarvis Shirley W
Bought by
Jarvis Eric F and 2001 Shirley Jarvis Family Tru

Purchase Details

Closed on
Jul 11, 2011
Sold by
Jarvis Eric F and Jarvis Shirley W
Bought by
Jarvis Shirley W

Purchase Details

Closed on
Feb 4, 2011
Sold by
Jarvis Eric F and Jarvis Shirley W
Bought by
Jarvis Eric F and 2001 Shirley Jarvis Family Tru
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Lee Lilian $1,266,000 Lawyers Title
Jarvis Eric F -- None Available
Jarvis Shirley W -- None Available
Jarvis Eric F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Lilian $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2016 02/19/16 Sold $1,265,600 -9.3% $620 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
07/18/2015 07/18/15 For Sale $1,395,000 -- $684 / 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 $17,115 $1,595,257 $757,627 $837,630
2024 $17,115 $1,563,978 $742,772 $821,206
2023 $16,765 $1,533,312 $728,208 $805,104
2022 $16,538 $1,503,248 $713,930 $789,318
2021 $16,279 $1,473,774 $699,932 $773,842
2019 $14,912 $1,343,064 $679,173 $663,891
2018 $14,407 $1,316,730 $665,856 $650,874
2016 $4,373 $370,072 $252,331 $117,741
2015 $4,293 $364,514 $248,541 $115,973
2014 $4,091 $357,375 $243,673 $113,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15157534

California Regional Multiple Listing Service (CRMLS)

APN: 4186-011-015