Seller's Agent in 2016
jack cummings
Strand Hill Properties
(310) 683-0202
1 in this area
29 Total Sales
1542 Manhattan Ave Hermosa Beach, CA 90254
Estimated Value: $11,000,303
9
Beds
8
Baths
4,716
Sq Ft
$2,333/Sq Ft
Est. Value
Highlights
- Ocean Side of Highway 1
- Hermosa Valley Elementary School Rated A
- 4-minute walk to Noble Park
About This Home
As of August 2016BRAND NEW CONSTRUCTION FROM THE STUDS OUT. 7 UNITS THAT SIT ON THE SOUTHEAST CORNER OF 16TH ST. AND MANHATTAN AVE WITH PANORAMIC OCEAN VIEWS. 5 UNIT BUILDING PLUS A DETACHED DUPLEX MAKE UP THIS TRULY INCREDIBLE BEACH PROPERTY THAT IS UNDOUBTEDLY THE NICEST APARTMENT BUILDING TO EVER BE BROUGHT TO MARKET IN HERMOSA BEACH. COMBINE THIS WITH 1534 MANHATTAN AVE THAT IS ADJACENT BUT SEPARATE PARCEL TO MAKE UP 13 UNITS THAT IS UNLIKELY TO EVER BE DUPLICATED AGAIN. ALL NEW KITCHENS WITH QUARTZ COUNTERS, RECESSED LIGHTING, FARM SINKS AND STAINLESS STEEL APPLIANCES. BRAND NEW BATHROOMS WITH RAINHEAD SHOWERS, NEW FLOORING AND CABINETS. WHITE OAK FLOORING THROUGHOUT THE UNITS AND EACH UNIT HAS ITS OWN WASHER AND DRYER. NOT JUST HOOK UPS BUT THE ACTUAL APPLIANCES. SPECTACULAR DECKS PROVIDE PANORAMIC OCEAN VIEWS. ALL NEW WINDOWS, DOORS, ELECTRIC, PLUMBING, FIRE SPRINKLERS IN UNITS, RAILINGS, ROOF, STAIRCASES. TANK LESS WATER HEATERS FOR EACH UNIT. SECURITY CAMERAS THAT CAN BE MONITORED REMOTELY. YOU WILL HAVE VIRTUALLY NO REPAIRS FOR YEARS TO COME. UPPER UNIT ON DUPLEX WAS RENTED FULLY FURNISHED. DON'T MISS THIS OPPORTUNITY TO OWN A PROPERTY LIKE THIS.
Last Agent to Sell the Property
Strand Hill Properties License #01173922 Listed on: 05/09/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $91,085
Year Built
- Built in 2016
Lot Details
- 3,993 Sq Ft Lot
- No Common Walls
Parking
- 6 Car Garage
Home Design
- 4,716 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 6210
- Assessor Parcel Number 4183013016
Community Details
Overview
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,355
- Professional Management Expense $10,493
- Trash Expense $1,050
- Water Sewer Expense $2,700
- New Taxes Expense $78,219
- Gross Income $30,050
- Net Operating Income $249,061
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2016
Closed on
Jul 6, 2016
Sold by
1750 Syeamore Llc
Bought by
1542 Manhattan Llc
Seller's Agent
jack cummings
Strand Hill Properties
Buyer's Agent
Vidya Naik
Estate Properties
List Price
$7,700,000
Sold Price
$7,400,000
Premium/Discount to List
-$300,000
-3.9%
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
$3,600,303
Avg. Annual Appreciation
4.58%
Original Mortgage
$650,000
Outstanding Balance
$520,269
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
$10,550,259
Purchase Details
Closed on
Jun 17, 2014
Sold by
Applegate South Bay Properties
Bought by
1750 Sycamore Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
4.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 7, 2005
Sold by
Applegate Hermosa Properties 2004 Llc
Bought by
Applegate South Bay Properties Llc
Purchase Details
Closed on
Jan 21, 2004
Sold by
Applegate Robert J and Applegate Jo Anne
Bought by
Applegate Hermosa Properties 2004 Llc
Purchase Details
Closed on
Aug 2, 2002
Sold by
Applegate Jo Anne
Bought by
Applegate Hermosa Properties Llc
Purchase Details
Closed on
Jul 19, 2002
Sold by
Applegate Owen Jack
Bought by
Applegate Robert Jay and Applegate Jo Anne
Purchase Details
Closed on
Aug 7, 1996
Sold by
Applegate Owen Jack and Applegate Jayne
Bought by
Applegate Owen Jack and Applegate Jayne
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 |
|---|---|---|---|
| 1542 Manhattan Llc | $7,400,000 | Fatcola | |
| 1750 Sycamore Llc | $5,600,000 | Lawyers Title | |
| Applegate South Bay Properties Llc | -- | -- | |
| Applegate Hermosa Properties 2004 Llc | -- | -- | |
| Applegate Robert J | -- | -- | |
| Applegate Robert J | -- | -- | |
| Applegate Owen Jack | -- | -- | |
| Applegate Robert J | -- | -- | |
| Applegate Hermosa Properties Llc | -- | -- | |
| Applegate Hermosa Properties Llc | -- | -- | |
| Applegate Hermosa Properties Llc | -- | -- | |
| Applegate Hermosa Properties Llc | -- | -- | |
| Applegate Jo Anne | -- | -- | |
| Applegate Robert Jay | -- | -- | |
| Applegate Owen Jack | -- | -- | |
| Applegate Jayne | -- | -- | |
| Applegate Robert Jay | -- | -- | |
| Applegate Robert Jay | -- | -- | |
| Applegate Jayne | -- | -- | |
| Applegate Owen Jack | -- | -- | |
| Applegate Owen Jack | -- | -- | |
| Applegate Owen Jack | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1750 Sycamore Llc | $650,000 | |
| Previous Owner | 1542 Manhattan Llc | $3,681,000 | |
| Previous Owner | 1750 Sycamore Llc | $5,400,000 | |
| Previous Owner | 1750 Sycamore Llc | $3,400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2016 08/24/16 | Sold | $7,400,000 | -3.9% | $1,569 / Sq Ft |
| 06/18/2016 06/18/16 | Pending | -- | -- | -- |
| 05/09/2016 05/09/16 | For Sale | $7,700,000 | 0.0% | $1,633 / Sq Ft |
| 02/26/2016 02/26/16 | Rented | $7,200 | +23.1% | -- |
| 02/09/2016 02/09/16 | Price Changed | $5,850 | -6.4% | $5 / Sq Ft |
| 01/21/2016 01/21/16 | For Rent | $6,250 | -- | -- |
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 | $91,085 | $8,588,331 | $5,106,575 | $3,481,756 |
| 2024 | $91,085 | $8,419,934 | $5,006,447 | $3,413,487 |
| 2023 | $89,189 | $8,254,838 | $4,908,282 | $3,346,556 |
| 2022 | $87,589 | $8,092,980 | $4,812,042 | $3,280,938 |
| 2021 | $86,139 | $7,934,295 | $4,717,689 | $3,216,606 |
| 2019 | $83,725 | $7,699,660 | $4,577,760 | $3,121,900 |
| 2018 | $81,053 | $7,548,700 | $4,488,000 | $3,060,700 |
| 2016 | $33,350 | $3,045,750 | $2,335,075 | $710,675 |
| 2015 | $32,371 | $3,000,000 | $2,300,000 | $700,000 |
| 2014 | $4,043 | $276,765 | $150,381 | $126,384 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Seller's Agent in 2016
Bryan Bohlinger
Bohlinger Properties, Inc.
(310) 505-6815
-
B
Seller Co-Listing Agent in 2016
Brady Bohlinger
Bohlinger Properties, Inc.
(310) 505-5374
1 Total Sale
-
Buyer's Agent in 2016
Vidya Naik
RE/MAX
(310) 704-7873
12 Total Sales
-
Buyer's Agent in 2016
David Caskey
eXp Realty of California Inc
(310) 200-1960
59 in this area
339 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16098237
APN: 4183-013-016
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
Nearby Homes
- 1535 Monterey Blvd
- 1501 Palm Dr
- 1429 Manhattan Ave
- 15 15th St Unit 6
- 15 15th St Unit 22
- 36 15th St
- 1510 The Strand
- 1614 The Strand
- 1204 Monterey Blvd
- 81 Pier Ave
- 1836 The Strand
- 1100 Cypress Ave
- 1600 Ardmore Ave Unit 229
- 1600 Ardmore Ave Unit 320
- 2054 Palm Dr
- 2055 Manhattan Ave
- 2007 Ava Ave
- 2141 Circle Dr
- 615 11th St
- 2114 Manhattan Ave
- 1542 Manhattan Ave Unit 220
- 220 16th St
- 1534 Manhattan Ave
- 1531 Bayview Dr
- 1530 Manhattan Ave
- 215 16th St
- 207 16th St
- 1520 Manhattan Ave
- 229 16th St
- 1503 Bayview Dr
- 1615 Bayview Dr
- 1520 Bayview Dr
- 1514 Manhattan Ave
- 1512 Manhattan Ave
- 1614 Bayview Dr
- 1603 Monterey Blvd
- 1533 Manhattan Ave
- 1601 Monterey Blvd
- 1601 Manhattan Ave
- 1618 Manhattan Ave