NOT LISTED FOR SALE

1010 3rd St Hermosa Beach, CA 90254

Estimated Value: $1,576,000 - $1,945,000

3 Beds
3 Baths
1,151 Sq Ft
$1,528/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $1,563,500 $1,358 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,533/month

120 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Level Lot
  • Hermosa View Elementary School Rated A
  • Forced Air Heating System
  • 2-minute walk to Edith Rodaway Friendship Park

About This Home

As of August 2022

Immaculate remodeled move in condition. This is the best investment in the South Bay. Own a duplex in Hermosa Beach with ocean views. The units consist of a 2 bedroom 1.75 bath with private laundry, garage, including a rear yard and a 1 bedroom suite with ocean views gourmet style kitchen, private laundy, and private garage. The 2 bedroom suite offers forced heating and air, has just been upgraded, painted, property is owned by contractor and has been meticulously maintained. Owner is completing a 1031 Exchange and is looking for a quick closing. Lowest priced duplex in the beach cities.

Last Agent to Sell the Property

Dean Thomas

E Real Estate Corp. License #00711417 Listed on: 04/01/2022

Last Buyer's Agent

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 2,260 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • 1,151 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 6211
  • Assessor Parcel Number 4186024027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $924
  • Insurance Expense $1,300
  • Trash Expense $1,000
  • Operating Expense $3,224
  • Gross Income $53,160
  • Net Operating Income $49,936

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: HBR1YY
  • Property Type: Residential Income
  • Gardener Expense: 924.00
  • Parcel Number: 4186024027
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 1358.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 2260.00
  • Lot Size Acres: 0.0519

Multi Family

  • Gross Income: 53160.00
  • Gross Scheduled Income: 53160.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 2260.0000 Square Feet
  • Net Operating Income: 49936.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3224.00
  • Rent Control: No
  • Total Expenses: 3224.00

Tax Info

  • Tax Census Tract: 6211.02
  • Tax Lot: 58
  • Tax Tract Number: 6211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2018
Sold by
Behan John and Aggers Debra
Bought by
Behan John G and Aggers Debra L
Current Estimated Value
$1,939,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Outstanding Balance
$309,992
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,448,307

Purchase Details

Closed on
Jun 11, 2004
Sold by
Behan John
Bought by
Behan John and Aggers Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 2002
Sold by
Aggers Debra Lynn
Bought by
Behan John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
6.16%

Purchase Details

Closed on
Sep 7, 1999
Sold by
Wagner David D
Bought by
Behan John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.45%

Purchase Details

Closed on
Mar 5, 1998
Sold by
Carranza Carolyn G
Bought by
Wagner David D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
7%
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Behan John G -- Chicago Title Company
Behan John -- Ticor Title Company Of Ca
Behan John -- Investors Title Company
Behan John $375,000 Southland Title Company
Wagner David D $311,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Behan John G $354,000
Closed Behan John $100,000
Closed Behan John $293,000
Closed Behan John $300,000
Previous Owner Wagner David D $248,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2022 08/19/22 Sold $1,563,500 -2.0% $1,358 / Sq Ft
06/06/2022 06/06/22 Price Changed $1,595,000 -11.3% $1,386 / Sq Ft
05/31/2022 05/31/22 Price Changed $1,799,000 -0.1% $1,563 / Sq Ft
04/01/2022 04/01/22 For Sale $1,800,000 -- $1,564 / 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 $17,415 $1,626,145 $1,144,440 $481,705
2024 $17,415 $1,594,260 $1,122,000 $472,260
2023 $17,058 $1,563,000 $1,100,000 $463,000
2022 $6,252 $543,104 $369,315 $173,789
2021 $6,202 $532,456 $362,074 $170,382
2020 $6,168 $527,217 $358,362 $168,855
2019 $6,045 $516,885 $351,336 $165,549
2018 $5,836 $506,756 $344,448 $162,308
2016 $5,551 $486,869 $331,074 $155,795
2015 $5,448 $479,556 $326,101 $153,455
2014 $5,221 $470,164 $319,714 $150,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22063422

California Regional Multiple Listing Service (CRMLS)

APN: 4186-024-027