Seller's Agent in 2025
Joseph Nuzzolo
Thompson Team Real Estate, Inc.
(310) 546-6300
12 in this area
147 Total Sales
1022 17th St Hermosa Beach, CA 90254
3
Beds
2
Baths
1,534
Sq Ft
5,607
Sq Ft Lot
Highlights
- Ocean View
- All Bedrooms Downstairs
- No HOA
- Hermosa View Elementary School Rated A
- Property is near a park
- 2-minute walk to Sea View Parkette
About This Home
As of April 2021This is one of those rare properties that has been coveted over the years by developers and buyers that want to develop for themselves. It hasn’t ever been available for sale until now! Why has it been covered? Firstly it's perched high in the Hermosa Hills and promises commanding views from each of the two townhomes that could be developed, with monstrous panoramic ocean views from the roof decks. The lot is 40 x 140, and because the whole area falls off to the south west and the lot is down-sloping, a new back unit should have excellent vistas to the ocean in the southwest, AND from the front unit one should be able to see over the top of it, and everything else in that direction. 17th Street is a highly sought after street with many newer homes and townhomes. A buyer will, of course, need to verify exactly what can be built and how good the views could actually be. We have drone shots from various heights depicting how good the views could potentially be. There are currently two small homes on the sight. One has a long term tenant paying very low rent. The other unit has been used as storage and “needs everything” done to it. To be clear, this is a land value proposition. That being said, for the right buyer there may also be a usable income property here.
Last Agent to Sell the Property
DOMO Real Estate License #01788567 Listed on: 07/20/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,974
Year Built
- Built in 1956
Lot Details
- 5,607 Sq Ft Lot
- No Common Walls
- Back Yard
Parking
- 2 Car Garage
Property Views
- Ocean
- Catalina
- Panoramic
- Mountain
Home Design
- Duplex
Interior Spaces
- 1,534 Sq Ft Home
- Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- All Bedrooms Down
- 2 Bathrooms
Additional Features
- Property is near a park
- Cooling Available
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 1
- Assessor Parcel Number 4185004003
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $600
- Water Sewer Expense $1,000
- New Taxes Expense $18,700
- Operating Expense $21,500
- Gross Income $10,800
- Net Operating Income $10,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2021
Closed on
Mar 3, 2021
Sold by
1022 17Th Street Llc
Bought by
Lilly Investment Group Llc
Seller's Agent
Dean Thomas
E Real Estate Corp.
Buyer's Agent
Joseph Nuzzolo
Thompson Team Real Estate, Inc.
List Price
$1,999,000
Sold Price
$2,025,000
Premium/Discount to List
$26,000
1.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 24, 2020
Sold by
Sedey Trust B and Sedey Robert G
Bought by
1022 17Th Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2011
Sold by
Sedey Betty J and Sedey Trust
Bought by
Sedey Betty J and Sedey Trust B
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,025,000 | Lawyers Title Company | |
| Grant Deed | $1,725,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,500,000 | Commercial | |
| Previous Owner | $1,035,000 | New Conventional | |
| Previous Owner | $1,035,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $3,550,000 | +75.3% | $1,012 / Sq Ft |
| 04/29/2021 04/29/21 | Sold | $2,025,000 | +1.3% | $1,320 / Sq Ft |
| 02/27/2021 02/27/21 | Pending | -- | -- | -- |
| 01/28/2021 01/28/21 | For Sale | $1,999,000 | +15.9% | $1,303 / Sq Ft |
| 12/18/2020 12/18/20 | Sold | $1,725,000 | +1.5% | $1,125 / Sq Ft |
| 07/28/2020 07/28/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $1,699,000 | -- | $1,108 / 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 |
|---|---|---|---|---|
| 2023 | $22,974 | $2,106,810 | $2,106,810 | $0 |
| 2022 | $22,604 | $2,065,500 | $2,040,000 | $25,500 |
| 2021 | $21,332 | $1,950,000 | $1,940,000 | $10,000 |
| 2020 | $1,698 | $99,933 | $69,472 | $30,461 |
| 2019 | $1,670 | $97,974 | $68,110 | $29,864 |
| 2018 | $1,554 | $96,054 | $66,775 | $29,279 |
| 2016 | $1,472 | $92,326 | $64,183 | $28,143 |
| 2015 | $1,379 | $90,940 | $63,219 | $27,721 |
| 2014 | $1,306 | $89,159 | $61,981 | $27,178 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Nuzzolo
-
Dean Thomas
Seller's Agent in 2021
Dean Thomas
E Real Estate Corp.
(310) 874-2451
4 in this area
34 Total Sales
-
Greg Geilman
Seller's Agent in 2020
Greg Geilman
DOMO Real Estate
(310) 251-7725
33 in this area
317 Total Sales
-
Ryan Bunke
Seller Co-Listing Agent in 2020
Ryan Bunke
DOMO Real Estate
(310) 376-2225
4 in this area
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20135816
APN: 4185-004-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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