NOT LISTED FOR SALE

1641 Manhattan Ave Hermosa Beach, CA 90254

Estimated Value: $3,799,715 - $4,897,000

5 Beds
4 Baths
2,484 Sq Ft
$1,778/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $3,175,000 $1,278 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $26,710/month

38 Days on Market

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Traditional Architecture
  • Hermosa Valley Elementary School Rated A
  • Open Floorplan
  • 4-minute walk to Noble Park

About This Home

As of October 2019

Don’t miss out on this incredible investment opportunity in the heart of Hermosa Beach. This tropical retreat is primly located just minutes from the sand, Hermosa Beach Pier and Pier Avenue’s dining, boutiques, fitness and entertainment. The 2,484 sq ft duplex sits on an over sized 3,036 sq ft lot with stunning ocean and pier views. The “owner’s” Unit A is a spacious 3 bedroom, 2.5 bathroom home with an bright and open floor plan. The kitchen and great room offers a gorgeous view of the sunset through frameless glass corner windows. Unit B is 2 bedroom/ 1 bath and approx. 780 sq ft. Both units are currently rented. The units also feature their own laundry areas, a large outdoor patio and 2-car garage. Inquire about plans to add cabana/roof decks on both units, add 500 sq ft to Unit B and expand to a 4 car garage. The possibilities are endless, turn your dream into a reality!

Last Agent to Sell the Property

Ed Kaminsky

eXp Realty of California, Inc License #00958114 Listed on: 07/17/2019

eXp Realty of California, Inc

Last Buyer's Agent

Marco Asaro

Beach City Brokers License #01973078

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,730

Year Built

  • Built in 1965

Lot Details

  • 3,036 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • White Water Ocean
  • City Lights

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 2,484 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Family Room with Fireplace
  • Living Room
  • Wood Flooring

Kitchen

  • Double Oven
  • Built-In Range
  • Freezer
  • Stone Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 1132
  • Assessor Parcel Number 4183010021

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $360
  • Fuel Expense $240
  • Insurance Expense $2,553
  • Trash Expense $420
  • Water Sewer Expense $360
  • New Taxes Expense $34,705
  • Operating Expense $38,638
  • Gross Income $121,176
  • Net Operating Income $82,538

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,730

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 2.50
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 360.00
  • Zoning: HBR3YY
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4183010021
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Open Floorplan, Stone Counters
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1278.18
  • Room Type: Family Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite

Exterior Features

  • Other Structures: Two On A Lot
  • View: City Lights, Ocean, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Double Oven, Freezer, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Lot Size Sq Ft: 3036.00
  • Lot Size Acres: 0.0697

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 240.00
  • Gross Income: 121176.00
  • Gross Multiplier: 26.96
  • Gross Operating Income: 121176.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 2553.00
  • Lot Size Area: 3036.0000 Square Feet
  • Net Operating Income: 82538.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 38638.00
  • Rent Control: No
  • Total Actual Rent: 10200.00
  • Total Expenses: 38638.00
  • Vacancy Allowance: 1224
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 34705.00
  • Tax Census Tract: 6210.04
  • Tax Lot: 35
  • Tax Tract Number: 1132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Oct 3, 2019
Sold by
Proano Linda Marie
Bought by
Proano Fabian
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Marco Asaro
Beach City Brokers
List Price
$3,300,000
Sold Price
$3,175,000
Premium/Discount to List
-$125,000
-3.79%
Current Estimated Value
$4,319,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,144,294
Avg. Annual Appreciation
5.74%
Original Mortgage
$2,500,000
Interest Rate
3.4%

Purchase Details

Listed on
Jul 17, 2019
Closed on
Aug 30, 2019
Sold by
Nguyen Daniel F and Nguyen Lisa E
Bought by
Reedy Timothy and Proano Fabian
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Marco Asaro
Beach City Brokers
List Price
$3,300,000
Sold Price
$3,175,000
Premium/Discount to List
-$125,000
-3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.4%

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jul 14, 2016
Sold by
Roth Tim
Bought by
Nguyen Daniel F and Nguyen Lisa E
Seller's Agent
Robb Stroyke
Bayside
Buyer's Agent
Ed Kaminsky
eXp Realty of California, Inc
List Price
$2,749,000
Sold Price
$2,650,000
Premium/Discount to List
-$99,000
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$1,987,500
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2010
Sold by
Roth Tim and Roth Heidi
Bought by
Roth Tim and Roth Heidi

Purchase Details

Closed on
Jun 5, 2006
Sold by
Wb Hermosa Llc
Bought by
Roth Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2004
Sold by
Bulla Lynda Marie and Weller Alice Marion
Bought by
Wb Hermosa Llc

Purchase Details

Closed on
Aug 13, 2004
Sold by
Weller George A
Bought by
Weller Alice Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Garrett Doris L
Bought by
Bulla Lynda Marie
Source: Public Records

Range of Values:

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Average Value
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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
Proano Fabian -- Lawyers Title Company
Reedy Timothy -- Lawyers Title Company
Reedy Timothy $3,175,000 Lawyers Title Company
Nguyen Daniel F $2,650,000 Lawyers Title
Roth Tim -- None Available
Roth Tim $1,600,000 Stewart Title Of California
Wb Hermosa Llc -- --
Weller Alice Marion -- --
Bulla Lynda Marie -- --
Bulla Lynda Marie -- --
Garrett Doris L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Reedy Timothy $0
Previous Owner Reedy Timothy $2,500,000
Previous Owner Nguyen Daniel F $1,987,500
Previous Owner Roth Tim $300,000
Previous Owner 1747 Gates Ave Llc $600,000
Previous Owner Roth Tim $500,000
Previous Owner Roth Tim $1,000,000
Previous Owner Roth Tim $385,000
Previous Owner Roth Tim $300,000
Previous Owner Roth Tim $1,085,000
Previous Owner Bulla Lynda Marie $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $3,175,000 -3.8% $1,278 / Sq Ft
08/24/2019 08/24/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $3,300,000 0.0% $1,329 / Sq Ft
06/11/2017 06/11/17 Rented $10,000 +12.4% --
02/15/2017 02/15/17 For Rent $8,900 0.0% --
08/31/2016 08/31/16 Sold $2,650,000 -3.6% $1,027 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
07/01/2016 07/01/16 For Sale $2,749,000 0.0% $1,066 / Sq Ft
09/14/2014 09/14/14 Rented $7,500 -21.1% --
08/15/2014 08/15/14 Under Contract -- -- --
08/04/2014 08/04/14 For Rent $9,500 -- --
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 $36,730 $3,472,323 $3,280,937 $191,386
2024 $36,730 $3,404,239 $3,216,605 $187,634
2023 $35,967 $3,337,490 $3,153,535 $183,955
2022 $35,323 $3,272,050 $3,091,701 $180,349
2021 $34,695 $3,207,893 $3,031,080 $176,813
2019 $29,993 $2,757,060 $2,705,040 $52,020
2018 $29,013 $2,703,000 $2,652,000 $51,000
2016 $18,806 $1,754,244 $1,527,893 $226,351
2015 $18,446 $1,727,894 $1,504,943 $222,951
2014 $17,954 $1,694,048 $1,475,464 $218,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19170124

California Regional Multiple Listing Service (CRMLS)

APN: 4183-010-021