Seller's Agent in 2016
Dennis Moloney
Strand Hill Properties
(310) 937-5100
1 in this area
23 Total Sales
17 7th St Hermosa Beach, CA 90254
Estimated Value: $5,250,000 - $7,934,718
3
Beds
2
Baths
3,254
Sq Ft
$2,150/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- Carpet
- Hermosa Valley Elementary School Rated A
- Level Lot
- Front Yard
About This Home
As of July 2016Great opportunity - "A" locations like this don't come along that often and this one has that and more!
Existing building is a well maintained 5 unit apartment building producing $10,500 in monthly income.
The lot is oversized (30' x 95') plus an extra 7' of width on the rear alley (which allows for a 3 car garage when building new)
Property is zoned R3 so you can eventually build two units or a grand SFR on this site ONE DOOR OFF THE STRAND.
No power wires here either!!
Last Agent to Sell the Property
Strand Hill Properties License #00808394 Listed on: 06/01/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $77,152
Year Built
- Built in 1952 | Remodeled
Lot Details
- 3,197 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Front Yard
Parking
- 2 Car Garage
Home Design
- 3,254 Sq Ft Home
- Traditional Architecture
- Property Attached
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 17 / 8
- Tax Tract Number 4175
- Assessor Parcel Number 4187015039
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $361
- Insurance Expense $5,163
- Professional Management Expense $6,010
- Trash Expense $1,471
- Water Sewer Expense $1,889
- New Taxes Expense $35,000
- Gross Income $10,500
- Net Operating Income $96,612
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 23, 2020
Sold by
Borzi William Jay and Borzi Carol Ann
Bought by
Borzi William Jay and Borzi Carol A
Current Estimated Value
Purchase Details
Closed on
Dec 22, 2020
Sold by
Borzi William Jay and Borzi Carol A
Bought by
Borzi William Jay and William Borzi Qualified Person
Purchase Details
Listed on
Jun 1, 2016
Closed on
Jun 13, 2016
Sold by
Sheldon Charles W and Sheldon Diane F
Bought by
The Amended & Restated William Jay & Car
Seller's Agent
Dennis Moloney
Strand Hill Properties
Buyer's Agent
Dennis Moloney
Strand Hill Properties
List Price
$3,500,000
Sold Price
$3,675,000
Premium/Discount to List
$175,000
5%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Borzi William Jay | -- | None Available | |
| Borzi William Jay | -- | None Available | |
| The Amended & Restated William Jay & Car | $3,675,000 | Ticor Title Co |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2016 07/08/16 | Sold | $3,675,000 | +5.0% | $1,129 / Sq Ft |
| 06/08/2016 06/08/16 | Pending | -- | -- | -- |
| 06/01/2016 06/01/16 | For Sale | $3,500,000 | -- | $1,076 / 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 | $77,152 | $7,286,496 | $4,265,150 | $3,021,346 |
| 2024 | $77,152 | $7,143,624 | $4,181,520 | $2,962,104 |
| 2023 | $75,552 | $7,003,554 | $4,099,530 | $2,904,024 |
| 2022 | $74,210 | $6,866,231 | $4,019,148 | $2,847,083 |
| 2021 | $72,930 | $6,731,600 | $3,940,342 | $2,791,258 |
| 2020 | $44,496 | $4,042,033 | $3,899,939 | $142,094 |
| 2019 | $43,832 | $3,962,790 | $3,823,470 | $139,320 |
| 2018 | $41,077 | $3,749,100 | $2,810,100 | $939,000 |
| 2016 | $3,870 | $224,252 | $130,249 | $94,003 |
| 2015 | $3,813 | $220,884 | $128,293 | $92,591 |
| 2014 | $3,452 | $216,558 | $125,780 | $90,778 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16118555
APN: 4187-015-039
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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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