Seller's Agent in 2024
Benjamin Bevill
BerkshireHathaway HomeServices
(310) 318-9386
1 in this area
18 Total Sales
1025 Manhattan Ave Hermosa Beach, CA 90254
Estimated Value: $1,859,000 - $3,396,000
4
Beds
4
Baths
2,408
Sq Ft
$1,030/Sq Ft
Est. Value
Highlights
- Ocean View
- Fishing
- Bike Trail
- Hermosa Valley Elementary School Rated A
- Laundry Room
About This Home
As of April 2024***Back on the market, buyer could not perform*** Introducing an exceptional investment opportunity in the highly sought-after Hermosa Beach Sand section! Located just steps from the Strand, this remarkable income property boasts panoramic ocean views stretching from Palos Verdes to Malibu, best enjoyed from the expansive 400 square foot rooftop deck featuring artificial turf, a fireplace, a sitting area, and a sunbathing spot, or enjoy the amazing view from the living room of the rear unit. This triplex comprises a spacious 2-bed, 2-bath unit and (two) 1-bed, 1-bath units, all currently occupied by longstanding tenants with a proven track record of consistent rent payments, ensuring immediate income generation. With tenants on flexible month-to-month leases, transitioning to new ownership is seamless, offering investors and developers a fantastic value-add opportunity. This property offers (two) 2-car garages, individual laundry in each unit, private decks, an enclosed backyard/patio space, and lightly updated kitchens. Situated just off Hermosa Beach’s renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether you’re an investor, vacation property specialist, land developer, or a savvy buyer with dreams of crafting your own home, this property offers endless possibilities!
Last Agent to Sell the Property
BerkshireHathaway HomeServices Brokerage Phone: 916-243-8675 License #02033028 Listed on: 02/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,197
Year Built
- Built in 1912
Lot Details
- 3,996 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Two Garage Doors
Property Views
- Ocean
- Catalina
Home Design
- Triplex
Interior Spaces
- 2,408 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 22 / 35
- Tax Tract Number 35
- Assessor Parcel Number 4187006021
- $1,943 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Recreation
- Fishing
- Park
- Dog Park
- Water Sports
- Bike Trail
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $270
- Gardener Expense $600
- Professional Management Expense $8,292
- Trash Expense $680
- Operating Expense $48,710
- Gross Income $83,020
- Net Operating Income $34,310
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2025
Sold by
Abbasiankashi Arash and Eslami Golnaz
Bought by
Ians Capital Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,975,000
Outstanding Balance
$1,968,416
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$512,774
Purchase Details
Listed on
Feb 22, 2024
Closed on
Jun 7, 2024
Sold by
Abbasian-Kashi Arash
Bought by
Abbasian-Kashi Arash and Eslami Golnaz
Seller's Agent
Benjamin Bevill
BerkshireHathaway HomeServices
Buyer's Agent
Mark Leddy
Compass
List Price
$2,750,000
Sold Price
$1,800,000
Premium/Discount to List
-$950,000
-34.55%
Views
58
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.97%
Original Mortgage
$1,170,000
Interest Rate
7.22%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 22, 2024
Closed on
Apr 2, 2024
Sold by
East Amsalu and White Martha Tsegaye
Bought by
Lans Capital Llc
Seller's Agent
Benjamin Bevill
BerkshireHathaway HomeServices
Buyer's Agent
Mark Leddy
Compass
List Price
$2,750,000
Sold Price
$1,800,000
Premium/Discount to List
-$950,000
-34.55%
Views
58
Purchase Details
Closed on
May 16, 2016
Sold by
East Amsalu
Bought by
East Amsalu and White Martha Tsegaye
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 2, 2008
Sold by
White Martha Tsegaye
Bought by
East Amsalu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2006
Sold by
East Amsalu
Bought by
East Amsalu and White Martha Tsegaye
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
10.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 29, 2001
Sold by
East Martha and Estate Of Edward William East
Bought by
East Amsalu Tsegaye and East Martha Tsegaye
Purchase Details
Closed on
Nov 5, 1981
Sold by
Thornbury David W and East Edward W
Bought by
East Edward W
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 |
|---|---|---|---|
| Ians Capital Llc | -- | California Best Title Company | |
| Abbasian-Kashi Arash | -- | None Listed On Document | |
| Abbasian-Kashi Arash | -- | None Listed On Document | |
| Lans Capital Llc | $1,800,000 | Corinthian Title Company | |
| East Amsalu | -- | First American Title Ins Co | |
| East Amsalu | -- | Fidelity National Title | |
| East Amsalu | -- | First American Title Ins Co | |
| East Amsalu | -- | First American Title Ins Co | |
| East Amsalu Tsegaye | -- | -- | |
| East Edward W | $1,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ians Capital Llc | $1,975,000 | |
| Previous Owner | Abbasian-Kashi Arash | $1,170,000 | |
| Previous Owner | East Amsalu | $457,000 | |
| Previous Owner | East Amsalu | $450,000 | |
| Previous Owner | East Amsalu | $370,000 | |
| Previous Owner | East Amsalu | $352,000 | |
| Previous Owner | East Amsalu | $290,000 | |
| Previous Owner | East Amsalu | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $1,800,000 | -34.5% | $748 / Sq Ft |
| 03/19/2024 03/19/24 | For Sale | $2,750,000 | 0.0% | $1,142 / Sq Ft |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- |
| 02/22/2024 02/22/24 | For Sale | $2,750,000 | -- | $1,142 / 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 | $7,197 | $1,836,000 | $1,785,000 | $51,000 |
| 2024 | $7,197 | $537,952 | $368,119 | $169,833 |
| 2023 | $7,531 | $527,404 | $360,901 | $166,503 |
| 2022 | $7,420 | $517,064 | $353,825 | $163,239 |
| 2021 | $7,404 | $506,927 | $346,888 | $160,039 |
| 2020 | $7,406 | $501,730 | $343,332 | $158,398 |
| 2019 | $7,336 | $491,893 | $336,600 | $155,293 |
| 2018 | $6,975 | $482,249 | $330,000 | $152,249 |
| 2016 | $6,701 | $463,525 | $317,187 | $146,338 |
| 2015 | $6,728 | $456,563 | $312,423 | $144,140 |
| 2014 | $6,524 | $447,621 | $306,304 | $141,317 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Bevill
-
Mark Leddy
Buyer's Agent in 2024
Mark Leddy
Compass
(310) 710-8536
7 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24033008
APN: 4187-006-021
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