NOT LISTED FOR SALE

1534 Prospect Ave Hermosa Beach, CA 90254

Estimated Value: $1,816,769 - $2,855,000

4 Beds
2 Baths
1,450 Sq Ft
$1,532/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $760,000 $524 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $12,973/month

71 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Ceramic Countertops
  • Hermosa View Elementary School Rated A
  • Balcony
  • 4-minute walk to Sea View Parkette

About This Home

As of April 2012

Fabulous location in: 'The Best Little Beach City'. Close to EVERYTHING! Short walk to PCH, Shops and Restaurants.Just over one half mile walk to Pier Ave/Pier Plaza, Hermosa Beach Pier and The Strand. 1.5 mile walk or bicycle ride to Redondo Beach King Harbor. Front Unit has panoramic over house top view of the ocean to Palos Verdes (photos don't do it justice). Rear Unit has ocean view from Kitchen and Living Room Port Windows. Front Unit has large balcony for entertaining with ocean and city lights view. Rear Unit has large yard with planter areas. Both Units have 2 Bedrooms and 1 Full Bath, Kitchen and Living Room. Laundry hook-ups. 1 car attached garage plus driveway parking for each Unit. Both Units have the same layout with approx. 725 Sq. Ft.

Last Agent to Sell the Property

Steve Pizzi

Firenze Real Estate Group License #01866345 Listed on: 12/10/2011

Last Buyer's Agent

jack cummings

Strand Hill Properties License #01173922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,460

Year Built

  • Built in 1953

Lot Details

  • 3,046 Sq Ft Lot
  • Lot Dimensions are 30.15 x 101.05

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway
  • On-Street Parking

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • 1,450 Sq Ft Home
  • Contemporary Architecture
  • Rolled or Hot Mop Roof
  • Stone Roof
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 1562
  • Assessor Parcel Number 4185019008

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $250
  • Insurance Expense $1,380
  • Trash Expense $315
  • Water Sewer Expense $370
  • Gross Income $3,620
  • Net Operating Income $41,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,460

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.25
  • Price Per Unit: 400000
  • View: Yes
  • Water Sewer Expenses: 370.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4185019008
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceramic Counters
  • Flooring: Laminate, Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 524.14

Exterior Features

  • View: City Lights, Coastline, Ocean, Panoramic, Water
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Stone
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front, Street, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Gas Cooking, Range
  • Sewer: Sewer Paid
  • Trash Expense: 315.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 30.15 x 101.05
  • Lot Size Sq Ft: 3046.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 250.00
  • Gross Income: 3620.00
  • Gross Multiplier: 18.41
  • Gross Scheduled Income: 43400.00
  • Insurance Expense: 1380.00
  • Lot Size Area: 3046.0000 Square Feet
  • Net Operating Income: 41960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Patio: 2
  • Operating Expense: 1480.00

Tax Info

  • Tax Area: 4340
  • Tax Lot: 9
  • Tax Tract Number: 1562
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2017
Sold by
Leslein Allen James
Bought by
Leslein Allen James
Current Estimated Value
$2,220,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2011
Closed on
Mar 15, 2012
Sold by
Murphy Ellen
Bought by
Leslein Allen James
Seller's Agent
Steve Pizzi
Firenze Real Estate Group
Buyer's Agent
jack cummings
Strand Hill Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$532,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2011
Closed on
Mar 3, 2012
Sold by
Sanders Rance
Bought by
Sanders Stephanie M
Seller's Agent
Steve Pizzi
Firenze Real Estate Group
Buyer's Agent
jack cummings
Strand Hill Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2011
Closed on
Mar 2, 2012
Sold by
Larmour John F
Bought by
Larmour John F
Seller's Agent
Steve Pizzi
Firenze Real Estate Group
Buyer's Agent
jack cummings
Strand Hill Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2011
Closed on
Feb 28, 2012
Sold by
Larmour John F and Scharf Cynthia M
Bought by
Leslein Allen James
Seller's Agent
Steve Pizzi
Firenze Real Estate Group
Buyer's Agent
jack cummings
Strand Hill Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2010
Sold by
Veilleux Janis M and Sanders Stephanie M
Bought by
Larmour John F and Scharf Cynthia M
Source: Public Records

Range of Values:

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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
Leslein Allen James -- American Coast Title
Leslein Allen James -- Chicago Title
Sanders Stephanie M -- Chicago Title
Veilleux Janis M -- Chicago Title
Scharf Cynthia M -- Chicago Title
Larmour John F -- Chicago Title
Leslein Allen James $760,000 Chicago Title
Larmour John F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leslein Allen James $300,000
Open Leslein Allen James $625,600
Closed Leslein Allen James $644,950
Closed Leslein Allen James $585,500
Closed Leslein Allen James $509,750
Closed Leslein Allen James $532,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $760,000 -4.9% $524 / Sq Ft
02/19/2012 02/19/12 Pending -- -- --
12/10/2011 12/10/11 For Sale $799,000 -- $551 / 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
2025 $10,460 $954,593 $753,629 $200,964
2024 $10,460 $935,876 $738,852 $197,024
2023 $10,251 $917,526 $724,365 $193,161
2022 $10,068 $899,536 $710,162 $189,374
2021 $9,941 $881,899 $696,238 $185,661
2019 $9,685 $855,743 $675,588 $180,155
2018 $9,350 $838,965 $662,342 $176,623
2016 $8,892 $806,388 $636,623 $169,765
2015 $8,724 $794,276 $627,061 $167,215
2014 $8,431 $778,718 $614,778 $163,940
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Pizzi

    Firenze Real Estate Group

  • jack cummings

    Buyer's Agent in 2012

    jack cummings

    Strand Hill Properties

    (310) 683-0202

    1 in this area

    29 Total Sales

    jack cummings
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S681946

California Regional Multiple Listing Service (CRMLS)

APN: 4185-019-008

California Los Angeles County Hermosa Beach 90254

1534 Prospect Ave, Hermosa Beach, CA

This home is located at 1534 Prospect Ave, Hermosa Beach, CA 90254 since 10 December 2011 and is currently estimated at $2,220,942, approximately $1,531 per square foot. This property was built in 1953. 1534 Prospect Ave 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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