NOT LISTED FOR SALE

1010 8th St Hermosa Beach, CA 90254

Estimated Value: $1,475,000 - $1,916,496

2 Beds
2 Baths
1,110 Sq Ft
$1,566/Sq Ft Est. Value

Last Sold July 21, 2020

Last sale price $1,267,500 $1,142 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $10,376/month

125 Days on Market

Highlights

  • Ocean View
  • Private Yard
  • Built-In Features
  • Hermosa View Elementary School Rated A
  • No HOA
  • 4-minute walk to Fort Lots of Fun Park

About This Home

As of July 2020

VIRTUAL TOUR: https://my.matterport.com/show/?m=x9wQios9BsB&brand=0 | This absolutely darling duplex has been recently renovated and is a hidden gem. Ocean views with even better views possible from an addition or future new construction. The price includes approved plans for a 425 sf addition and ocean view deck and conversion to SFR. Because the plans were approved before the rule changes they are still valid. The yard is a south facing private oasis drenched in sunlight where real grass flourishes. The upper unit has a stunning remodeled kitchen and bath, lots of light and includes views of the ocean. No wasted space in this plan that is at once comfortable and functional. It even has interior washer dryer hookups. The remodeled bath is a sparkling delight and warm refinished original oak hardwood floors highlight the space. Downstairs, the refurbished kitchen great room is extremely homey with plenty of storage. The bedroom is gracious and the bathroom is also beautifully remodeled. The oversized single car garage has enough height for a storage loft. Fabulous neighborhood of $3,000,000 plus new homes. Straight walk to the beach down 8th Street (one way signalized - no traffic from PCH - that’s why it’s so quiet). Upper rents at $2500 a month and lower rents at $1,600. Both are very low. https://my.matterport.com/show/?m=x9wQios9BsB

Last Agent to Sell the Property

Greg Geilman

DOMO Real Estate License #01788567 Listed on: 02/16/2020

Co-Listed By

Robert Freedman

DOMO Real Estate License #00711607

Last Buyer's Agent

Qing xiu Wang-Mizukami

AWM Realty License #01258472

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 2,394 Sq Ft Lot
  • No Common Walls
  • Backyard Sprinklers
  • Private Yard
  • Back Yard

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Hills

Home Design

  • Duplex

Interior Spaces

  • 1,110 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Utilities

  • Heating Available
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1
  • Assessor Parcel Number 4186011014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $1,200
  • Trash Expense $640
  • Water Sewer Expense $660
  • New Taxes Expense $14,308
  • Operating Expense $17,348
  • Gross Income $4,300
  • Net Operating Income $34,252

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

2,394 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 2.53
  • Improvements Percent: 10.00
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 660.00
  • Zoning: HBR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 4186011014
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 1141.89

Exterior Features

  • View: Hills, Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator, Water Heater
  • Heating Type: Electric
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 640.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 90.00
  • Lot Features: Back Yard, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 2394.00
  • Lot Size Acres: 0.0550

Multi Family

  • Average1 Bed Area: 555 Square Feet
  • Gross Income: 4300.00
  • Gross Multiplier: 26.16
  • Gross Operating Income: 50568.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2394.0000 Square Feet
  • Net Operating Income: 34252.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 17348.00
  • Operating Expense Percent: 33.60
  • Rent Control: No
  • Total Expenses: 17348.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14308.00
  • Tax Census Tract: 6211.02
  • Tax Lot: 9
  • Tax Tract Number: 1

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2020
Closed on
Jun 22, 2020
Sold by
Freitas Karen C
Bought by
Sadeghi Hoss Mir and Bakhtiyari Maryam
Seller's Agent
Greg Geilman
DOMO Real Estate
Buyer's Agent
Qing xiu Wang-Mizukami
AWM Realty
List Price
$1,349,900
Sold Price
$1,267,500
Premium/Discount to List
-$82,400
-6.1%
Current Estimated Value
$1,738,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,124
Avg. Annual Appreciation
5.73%
Original Mortgage
$950,000
Outstanding Balance
$666,322
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,072,302

Purchase Details

Listed on
Jul 24, 2016
Closed on
Oct 28, 2016
Sold by
Mickey Susan Arron and The 2000 Barbara Jean Fox Revo
Bought by
Freitas Karen C
Seller's Agent
Jay Harkenrider
Riddle & Ross, Inc.
Buyer's Agent
Robert Freedman
DOMO Real Estate
List Price
$1,200,000
Sold Price
$900,000
Premium/Discount to List
-$300,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.92%
Original Mortgage
$552,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 1, 2000
Sold by
Trust Fox Barbara J Tr Barbara Fox Revoc
Bought by
Fox Barbara Jean and 2000 Barbara Jean Fox Revocabl
Source: Public Records

Range of Values:

--
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
Sadeghi Hoss Mir $1,267,500 Lawyers Title Company
Freitas Karen C $850,000 Usa National Title Company
Fox Barbara Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadeghi Hoss Mir $950,000
Previous Owner Freitas Karen C $552,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2020 07/21/20 Sold $1,267,500 -6.1% $1,142 / Sq Ft
02/16/2020 02/16/20 For Sale $1,349,900 +50.0% $1,216 / Sq Ft
12/09/2016 12/09/16 Sold $900,000 -18.1% $811 / Sq Ft View Prior Sale
10/24/2016 10/24/16 Pending -- -- --
08/16/2016 08/16/16 Price Changed $1,099,000 -8.4% $990 / Sq Ft
07/24/2016 07/24/16 For Sale $1,200,000 -- $1,081 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,762 $1,371,982 $1,353,040 $18,942
2024 $14,762 $1,345,081 $1,326,510 $18,571
2023 $14,460 $1,318,707 $1,300,500 $18,207
2022 $14,202 $1,292,850 $1,275,000 $17,850
2021 $13,995 $1,267,500 $1,250,000 $17,500
2020 $10,158 $902,026 $811,824 $90,202
2019 $9,951 $884,340 $795,906 $88,434
2018 $9,626 $867,000 $780,300 $86,700
2016 $1,137 $63,113 $41,396 $21,717
2015 $1,120 $62,166 $40,775 $21,391
2014 $982 $60,949 $39,977 $20,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20034655

California Regional Multiple Listing Service (CRMLS)

APN: 4186-011-014

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