$1,450,000
SOLD DEC 23, 2024

1245 7th Place Hermosa Beach, CA 90254

0.11 Acre
$12,652,705 Price per Acre
4,990 Sq Ft Lot

Recently Sold

$1,918 Per Sq Ft

2% Above List Price

40 Days on Market

Highlights

  • Peek-A-Boo Views
  • No HOA
  • 3-minute walk to Fort Lots of Fun Park
  • Hermosa View Elementary School Rated A

About This Lot

As of December 2024

IT'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

Amy Teitelbaum

Estate Properties Brokerage Phone: 310-502-6118 License #00940922 Listed on: 10/17/2024

Estate Properties

Last Buyer's Agent

Ray Joseph

Radius Agent Realty License #01397157

Radius Agent Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,089

Lot Details

  • 4,990 Sq Ft Lot
  • Value in Land
  • Property is zoned HBR1YY

Property Views

  • Peek-A-Boo
  • Neighborhood

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

Property Details

Property Type

Land

Est. Annual Taxes

$1,089

Lot Details

0

Listing Details

  • Inclusions: Remaining items are to be removed by and at the expense of the buyer
  • View: Yes
  • Zoning: HBR1YY
  • Property Type: Land
  • Parcel Number: 4160029006
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 290.58

Exterior Features

  • View: Neighborhood, Peek-A-Boo

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 4990.00
  • Lot Size Acres: 0.1146

Multi Family

  • Lot Size Area: 4990.0000 Square Feet

Tax Info

  • Tax Block: 139
  • Tax Census Tract: 6211.02
  • Tax Lot: 30
  • Tax Tract Number: 4340
  • TaxOtherAnnualAssessmentAmount: 415.00

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
$1,457,349

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%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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 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

Source: Public Records

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

    Amy Teitelbaum
    Section Image
  • Ray Joseph

    Buyer's Agent in 2024

    Ray Joseph

    Radius Agent Realty

    (310) 545-7295

    9 in this area

    30 Total Sales

    Ray Joseph
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24216000

California Regional Multiple Listing Service (CRMLS)

APN: 4160-029-006

California Los Angeles County Hermosa Beach 90254

1245 7th Place, Hermosa Beach, CA

This home is located at 1245 7th Place, Hermosa Beach, CA 90254 and is currently priced at $1,450,000, approximately $1,917 per square foot. 1245 7th Place is a home located in Los Angeles County with nearby schools including Hermosa View Elementary School, Hermosa Valley Elementary School, and Our Lady of Guadalupe School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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