Seller's Agent in 2021
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
9 in this area
151 Total Sales
1838 Manhattan Ave Hermosa Beach, CA 90254
Estimated Value: $2,956,000 - $3,140,000
4
Beds
3
Baths
1,910
Sq Ft
$1,602/Sq Ft
Est. Value
Highlights
- Ocean View
- No HOA
- Landscaped
- Hermosa Valley Elementary School Rated A
- Laundry Room
- Central Heating
About This Home
As of April 20211838 Manhattan Ave in Hermosa Beach is a sand-section triplex This ocean view property sits on an approx. 34’ x 39’ street-to-alley lot and features two (2) 2-bed/1-bath units and one (1) studio.
The property was built in 1956 and consists of 1,910 SF of living space. The back studio was recently remodeled and features stainless steel appliances, hardwood floors, a walk-in shower, and a private fenced-in patio. The top 2-bed/1-bath boasts beautiful ocean views and a private balcony.
Given the great sand-section location in Hermosa Beach, ADU & development opportunity, and upside in market rents (45% increase in GSI), this property offers strong growth and cash flow potential!
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 02/22/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 2,903 Sq Ft Lot
- 1 Common Wall
- Landscaped
Parking
- 2 Car Garage
- 1 Open Parking Space
- Parking Available
Home Design
- Triplex
Interior Spaces
- 1,910 Sq Ft Home
- 2-Story Property
- Ocean Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Central Heating
Listing and Financial Details
- Legal Lot and Block 15 / 50
- Tax Tract Number 4350
- Assessor Parcel Number 4183015024
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 2 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $764
- Maintenance Expense $2,340
- Other Expense $2,400
- New Taxes Expense $29,926
- Operating Expense $36,630
- Gross Income $74,100
- Net Operating Income $37,470
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 3, 2013
Sold by
Malter Arnold S
Bought by
Malter Arnold S and Malter Anna W
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
$402,000
Interest Rate
4.36%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2003
Sold by
Malter Anna
Bought by
Malter Arnold S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Malter Arnold S | -- | Nations Title | |
| Malter Arnold S | -- | Stewart Title Of Ca Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Malter Arnold S | $402,000 | |
| Closed | Malter Arnold S | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2021 04/27/21 | Sold | $2,630,000 | -4.4% | $1,377 / Sq Ft |
| 03/11/2021 03/11/21 | For Sale | $2,750,000 | 0.0% | $1,440 / Sq Ft |
| 03/08/2021 03/08/21 | Pending | -- | -- | -- |
| 02/22/2021 02/22/21 | For Sale | $2,750,000 | -- | $1,440 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $30,917 | $2,846,794 | $2,814,322 | $32,472 |
| 2024 | $30,107 | $2,790,976 | $2,759,140 | $31,836 |
| 2023 | $29,482 | $2,736,252 | $2,705,040 | $31,212 |
| 2022 | $28,953 | $2,682,600 | $2,652,000 | $30,600 |
| 2021 | $4,260 | $350,816 | $253,135 | $97,681 |
| 2020 | $4,235 | $347,580 | $250,540 | $97,040 |
| 2019 | $4,153 | $340,773 | $245,628 | $95,145 |
| 2018 | $3,994 | $334,099 | $240,812 | $93,287 |
| 2016 | $3,786 | $320,781 | $231,462 | $89,319 |
| 2015 | $3,717 | $315,964 | $227,986 | $87,978 |
| 2014 | $3,526 | $309,776 | $223,521 | $86,255 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2021
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
10 in this area
140 Total Sales
-
Andy McGuire
Buyer's Agent in 2021
Andy McGuire
RE/MAX
(310) 971-5949
7 in this area
64 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21031939
APN: 4183-015-024
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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