1245 7th Place Hermosa Beach, CA 90254
2
Beds
1
Bath
756
Sq Ft
4,990
Sq Ft Lot
Highlights
- Peek-A-Boo Views
- No HOA
- Patio
- Hermosa View Elementary School Rated A
- 1 Car Attached Garage
- 3-minute walk to Fort Lots of Fun Park
About This Home
As of December 2024IT'S ALL ABOUT the LOCATION!!! Rare 50 x 100 double lot in terrific location in East Hermosa Beach. Plan for your future dream home on this rare, large lot in this in-demand area of Hermosa Beach. Perfect for 1031 exchange or remodel the existing small home on a big lot - major fixer. Buyer to investigate and satisfy self as to regulations regarding possible lot split, SB9 requirements and/or ADU possibilities. SB330 also applies. Possible ocean peek from future new construction. Award winning schools. Terrific location - just minutes from the beach, downtown Hermosa Beach and The Pier, shops and restaurants. Minutes to Manhattan Beach. Easy access to freeways and LAX.
Last Agent to Sell the Property
Estate Properties Brokerage Phone: 310-502-6118 License #00940922 Listed on: 10/17/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,089
Year Built
- Built in 1952
Lot Details
- 4,990 Sq Ft Lot
- South Facing Home
- Value in Land
- Property is zoned HBR1YY
Parking
- 1 Car Attached Garage
Property Views
- Peek-A-Boo
- Neighborhood
Interior Spaces
- 756 Sq Ft Home
- 1-Story Property
- Living Room
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Patio
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 30 / 139
- Tax Tract Number 4340
- Assessor Parcel Number 4160029006
- $415 per year additional tax assessments
- Seller Considering Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2024
Closed on
Dec 5, 2024
Sold by
Papalas Charles Steven and Sperounes Christina A
Bought by
Seventh Place Llc
Seller's Agent
Amy Teitelbaum
Estate Properties
Buyer's Agent
Ray Joseph
Radius Agent Realty
List Price
$1,425,000
Sold Price
$1,450,000
Premium/Discount to List
$25,000
1.75%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,349
Avg. Annual Appreciation
0.88%
Similar Homes in the area
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 | $1,450,000 | Lawyers Title Insurance Compan | |
| Grant Deed | $1,450,000 | Lawyers Title Insurance Compan |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | $1,450,000 | 0.0% | $1,918 / Sq Ft |
| 12/23/2024 12/23/24 | Sold | $1,450,000 | +1.8% | $1,918 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | For Sale | $1,425,000 | 0.0% | $1,885 / Sq Ft |
| 10/17/2024 10/17/24 | For Sale | $1,425,000 | -- | $1,885 / 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 |
|---|---|---|---|---|
| 2024 | $1,089 | $70,603 | $63,906 | $6,697 |
| 2023 | $1,074 | $69,219 | $62,653 | $6,566 |
| 2022 | $1,055 | $67,863 | $61,425 | $6,438 |
| 2021 | $1,096 | $66,533 | $60,221 | $6,312 |
| 2019 | $1,071 | $64,562 | $58,436 | $6,126 |
| 2018 | $994 | $63,297 | $57,291 | $6,006 |
| 2016 | $1,015 | $60,841 | $55,067 | $5,774 |
| 2015 | $926 | $59,928 | $54,240 | $5,688 |
| 2014 | $809 | $58,755 | $53,178 | $5,577 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Teitelbaum
Seller's Agent in 2024
Amy Teitelbaum
RE/MAX
(310) 502-6118
4 in this area
22 Total Sales
-
Ray Joseph
Buyer's Agent in 2024
Ray Joseph
Radius Agent Realty
(310) 545-7295
9 in this area
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24214901
APN: 4160-029-006
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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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