NOT LISTED FOR SALE

121 Manhattan Ave Hermosa Beach, CA 90254

Estimated Value: $1,639,000 - $2,058,750

3 Beds
2 Baths
1,157 Sq Ft
$1,570/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $1,300,000 $1,124 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $10,878/month

17 Days on Market

About This Home

As of April 2018

Amazing location on a quiet street just steps from the beach, and a short walk to downtown Hermosa Beach... walk everywhere! Build a balcony on the roof for full ocean views. This is a home builders dream lot, and it's also a great income opportunity - as a legal duplex, you can rent both units or live in one and rent the other. Separate addresses for each unit, downstairs unit is a 2 bed, 1 bath with access to the backyard balcony; upstairs is a 1 bed, 1 bath with tons of natural light. One car garage, one driveway space and permit available for street parking in front of driveway. Month to month tenants currently occupy the property, no rent control. Location, location, location - beach, beach, beach! Don't miss this!

Last Agent to Sell the Property

Nikkolene Callis

Redfin Corporation License #01894050 Listed on: 02/27/2018

Last Buyer's Agent

Bonney Larson

John Garland Real Estate License #00860836

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 1,456 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage

Home Design

  • 1,157 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, parking fee
  • Tax Lot 23
  • Tax Tract Number 1122
  • Assessor Parcel Number 4188012060

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $150
  • Water Sewer Expense $950
  • New Taxes Expense $11,000
  • Operating Expense $12,700
  • Gross Income $39,000
  • Net Operating Income $26,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

1,456 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 950.00
  • Zoning: HBR3YY
  • Property Type: Residential Income
  • Parcel Number: 4188012060
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 1123.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 1456.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee

Multi Family

  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 600.00
  • Net Operating Income: 26300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12700.00
  • Rent Control: No
  • Total Actual Rent: 39000.00
  • Total Expenses: 12700.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 6211.04
  • Tax Lot: 23
  • Tax Tract Number: 1122

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Mar 22, 2018
Sold by
Arnold Catherine
Bought by
Shotkoski Lawrence and Young Shotkoski Traci
Seller's Agent
Nikkolene Callis
Redfin Corporation
Buyer's Agent
Bonney Larson
John Garland Real Estate
List Price
$1,200,000
Sold Price
$1,300,000
Premium/Discount to List
$100,000
8.33%
Current Estimated Value
$1,816,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,438
Avg. Annual Appreciation
4.30%
Original Mortgage
$910,000
Outstanding Balance
$762,851
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,053,587

Purchase Details

Closed on
May 29, 2004
Sold by
Garinger James A and Adkins Lauralee C
Bought by
Arnold Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1999
Sold by
Garinger James A
Bought by
Garinger James A and Adkins Lauralee C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shotkoski Lawrence $1,300,000 Stewart Title Of California
Arnold Catherine $760,000 Lawyers Title
Garinger James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shotkoski Lawrence $910,000
Previous Owner Arnold Catherine $608,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $1,300,000 +8.3% $1,124 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $1,200,000 -- $1,037 / 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 $15,870 $1,479,174 $1,137,827 $341,347
2024 $15,870 $1,450,171 $1,115,517 $334,654
2023 $15,545 $1,421,738 $1,093,645 $328,093
2022 $15,267 $1,393,861 $1,072,201 $321,660
2021 $15,040 $1,366,531 $1,051,178 $315,353
2019 $14,647 $1,326,000 $1,020,000 $306,000
2018 $10,221 $931,041 $603,954 $327,087
2016 $9,721 $894,889 $580,502 $314,387
2015 $9,536 $881,448 $571,783 $309,665
2014 $9,223 $864,183 $560,583 $303,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18045549

California Regional Multiple Listing Service (CRMLS)

APN: 4188-012-060

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