R
Seller's Agent in 2019
Raymond Barrette
Barrette Real Estate Investments, Inc.
1538 Loma Dr Hermosa Beach, CA 90254
Estimated Value: $2,896,000 - $3,889,000
8
Beds
4
Baths
2,856
Sq Ft
$1,202/Sq Ft
Est. Value
Highlights
- No HOA
- Hermosa Valley Elementary School Rated A
- West Facing Home
About This Home
As of September 2019Rare opportunity to own a four-unit apartment building in prime Hermosa Beach. The property has had 3 of the 4 units renovated with new kitchens and flooring. The property boasts a strong unit mix of four 2bed/1bath apartments combined with an outstanding location in one of the best rental markets in the South Bay. The property is located less than a mile from the Hermosa Beach Pier and all of the popular retail, restaurant, and night life options on Pier Avenue. Hermosa Beach has always been a highly sought-after location with consistently low vacancy rates and a strong tenant base. The property also offers two single-car garages and a double-car garage. Don't miss this great opportunity.
Last Agent to Sell the Property
Raymond Barrette
Barrette Real Estate Investments, Inc. License #01943971 Listed on: 08/28/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,527
Year Built
- Built in 1964
Lot Details
- 3,995 Sq Ft Lot
- No Common Walls
- West Facing Home
- Density is 2-5 Units/Acre
Parking
- 2 Open Parking Spaces
- 4 Car Garage
Home Design
- 2,856 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 10
- Assessor Parcel Number 4183017031
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $700
- Insurance Expense $1,500
- Maintenance Expense $2,000
- Other Expense $2,492
- Pest Control $550
- Trash Expense $350
- Water Sewer Expense $1,000
- New Taxes Expense $28,693
- Operating Expense $37,285
- Gross Income $123,374
- Net Operating Income $86,089
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 8, 2023
Sold by
1538 Loma Llc
Bought by
Hermosa 1538 Loma 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
$1,000,000
Outstanding Balance
$975,555
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$2,456,715
Purchase Details
Listed on
Aug 28, 2019
Closed on
Aug 30, 2019
Sold by
Rocca Enrico and The Rocca Family Trust
Bought by
1538 Loma Llc
Seller's Agent
Raymond Barrette
Barrette Real Estate Investments, Inc.
Buyer's Agent
Dean Thomas
E Real Estate Corp.
List Price
$2,495,000
Sold Price
$2,495,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$1,300,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 21, 2002
Sold by
Spikes Properties Llc
Bought by
Rocca Josephine
Purchase Details
Closed on
Nov 8, 2002
Sold by
Boberg Jay R
Bought by
Spikes Properties
Purchase Details
Closed on
Oct 16, 2001
Sold by
Boberg Jay Robert and Boberg Jay R
Bought by
Spikes Properties Llc
Purchase Details
Closed on
Aug 22, 2001
Sold by
Moss Susan Carol
Bought by
Moss Susan C and Susan C Moss Revocable Trust
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 |
|---|---|---|---|
| Hermosa 1538 Loma Llc | $3,000,000 | First American Titles National | |
| 1538 Loma Llc | $2,495,000 | Chicago Title Company | |
| Rocca Enrico | -- | Chicago Title Company | |
| Rocca Josephine | $1,180,000 | Investors | |
| Spikes Properties | -- | Investors | |
| Spikes Properties Llc | -- | -- | |
| Moss Susan C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hermosa 1538 Loma Llc | $1,000,000 | |
| Previous Owner | 1538 Loma Llc | $1,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2019 09/11/19 | Sold | $2,495,000 | 0.0% | $874 / Sq Ft |
| 08/28/2019 08/28/19 | Pending | -- | -- | -- |
| 08/28/2019 08/28/19 | For Sale | $2,495,000 | -- | $874 / 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 | $33,527 | $3,121,200 | $2,548,980 | $572,220 |
| 2024 | $33,527 | $3,060,000 | $2,499,000 | $561,000 |
| 2023 | $28,840 | $2,622,688 | $2,102,356 | $520,332 |
| 2022 | $28,324 | $2,571,264 | $2,061,134 | $510,130 |
| 2021 | $27,920 | $2,520,848 | $2,020,720 | $500,128 |
| 2020 | $27,762 | $2,495,000 | $2,000,000 | $495,000 |
| 2019 | $17,462 | $1,532,047 | $1,160,724 | $371,323 |
| 2018 | $16,860 | $1,502,008 | $1,137,965 | $364,043 |
| 2016 | $16,034 | $1,443,684 | $1,093,777 | $349,907 |
| 2015 | $15,732 | $1,422,000 | $1,077,348 | $344,652 |
| 2014 | $15,179 | $1,394,146 | $1,056,245 | $337,901 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2019
David Barrette
Barrette Real Estate Investments, Inc.
(310) 542-1575
4 Total Sales
-
Buyer's Agent in 2019
Dean Thomas
E Real Estate Corp.
(310) 874-2451
4 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19205275
APN: 4183-017-031
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.
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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