NOT LISTED FOR SALE

201 28th St Hermosa Beach, CA 90254

Estimated Value: $4,516,000 - $6,930,000

6 Beds
5 Baths
2,575 Sq Ft
$2,226/Sq Ft Est. Value

Last Sold December 17, 2016

Last sale price $2,387,500 $927 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $33,717/month

12 Days on Market

Highlights

  • Ocean View
  • Corner Lot
  • Laundry Room
  • Hermosa Valley Elementary School Rated A
  • Living Room Balcony
  • Forced Air Heating System

About This Home

As of December 2016

North Hermosa ocean view duplex investment opportunity located within desirable beach lifestyle neighborhood just steps to the sand and surf. High demand area, with easy-to-rent units. Perennially popular due to views, layouts, parking and proximity to downtown areas of both Hermosa and Manhattan, plus “five corners” neighborhood favorite markets, restaurants and bars where locals and resident professional athletes alike gather in a low-key friendly environment. Whether you’re a buyer, investor or developer, the possibilities are endless. Buy and hold with built-in reliable rental income and for capital appreciation. Renovate existing original interiors for added value and significant upside in rents (estimated potential $6,000 & $3,200 = 3.3 cap). Or, live in one unit and rent the other for an affordable beach lifestyle while your tenant helps to payoff your mortgage. Also possible to build a brand new, panoramic ocean view home with 3,600 sf. Regardless of how you chose to utilize this property, its location, full lot and unit configuration are a winning combination. Square footage per appraisal. Buyer to verify.

Last Agent to Sell the Property

Karynne Thim

Pacifica Properties Group, Inc. License #01161295 Listed on: 11/18/2016

Co-Listed By

Keith Kyle

Vista Sotheby’s International Realty License #01712785

Last Buyer's Agent

Jennifer Meter

DOMO Real Estate License #01967182

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 2,396 Sq Ft Lot
  • Lot Dimensions are 30 x 80
  • Property fronts an alley
  • No Common Walls
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Ocean
  • Coastline

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,575 Sq Ft Home
  • 2-Story Property
  • Living Room Balcony
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 1 / 114
  • Assessor Parcel Number 4181022044

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Maintenance Expense $1,800
  • Trash Expense $180
  • Water Sewer Expense $780
  • New Taxes Expense $26,400
  • Gross Income $78,600
  • Net Operating Income $47,040

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.30
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 780.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4181022044
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 927.18

Exterior Features

  • View: Coastline, Ocean
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 180.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level
  • Lot Size: 30 x 80
  • Lot Size Sq Ft: 2396.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 78600.00
  • Gross Multiplier: 30.50
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 2400.00
  • Maintenance Expense: 1800.00
  • Net Operating Income: 47040.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 31560.00
  • Rent Control: No
  • Total Actual Rent: 6550.00

Tax Info

  • New Taxes Expense: 26400.00
  • Tax Block: 114
  • Tax Lot: 1
  • Tax Tract Number: Shakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2025
Sold by
Boutros Stephen
Bought by
Boutros Family Revocable Trust and Boutros
Current Estimated Value
$5,730,823

Purchase Details

Listed on
Nov 18, 2016
Closed on
Dec 12, 2016
Sold by
Boutros Nadine
Bought by
Boutros Stephen
Seller's Agent
Karynne Thim
Pacifica Properties Group, Inc.
Buyer's Agent
Jennifer Meter
DOMO Real Estate
List Price
$2,400,000
Sold Price
$2,387,500
Premium/Discount to List
-$12,500
-0.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%

Purchase Details

Listed on
Nov 18, 2016
Closed on
Dec 1, 2016
Sold by
Inskeep Daniel K
Bought by
Boutros Stephen
Seller's Agent
Karynne Thim
Pacifica Properties Group, Inc.
Buyer's Agent
Jennifer Meter
DOMO Real Estate
List Price
$2,400,000
Sold Price
$2,387,500
Premium/Discount to List
-$12,500
-0.52%

Purchase Details

Closed on
May 6, 2004
Sold by
Inskeep Daniel K and Inskeep Rebecca R
Bought by
Inskeep Daniel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Inskeep Daniel K and Inskeep Rebecca R
Bought by
Inskeep Daniel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Inskeep Daniel K and Inskeep Rebecca R
Bought by
Inskeep Daniel K

Purchase Details

Closed on
Apr 11, 2003
Sold by
Inskeep Daniel K and Inskeep Rebecca R
Bought by
Inskeep Daniel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1999
Sold by
Inskeep Daniel K and Inskeep Rebecca R
Bought by
Inskeep Daniel K

Purchase Details

Closed on
Apr 11, 1996
Sold by
Sher Edward
Bought by
Sher Mona Soderstrom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
7.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 1996
Sold by
Soderstrom Maya E
Bought by
Inskeep Daniel K and Inskeep Rebecca R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
7.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boutros Family Revocable Trust -- --
Boutros Stephen -- Lawyers Title
Boutros Stephen $2,387,500 Lawyers Title
Inskeep Daniel K -- --
Inskeep Daniel K -- Southland Title Corporation
Inskeep Daniel K -- --
Inskeep Daniel K -- Southland Title Corporation
Inskeep Daniel K -- --
Sher Mona Soderstrom -- Investors Title
Soderstrom Maya E -- Investors Title
Inskeep Daniel K $406,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inskeep Daniel K $408,000
Previous Owner Inskeep Daniel K $413,000
Previous Owner Inskeep Daniel K $324,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2016 12/17/16 Sold $2,387,500 -0.5% $927 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/18/2016 11/18/16 For Sale $2,400,000 -- $932 / 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 $47,139 $4,467,489 $2,770,897 $1,696,592
2024 $47,139 $4,379,892 $2,716,566 $1,663,326
2023 $46,158 $4,294,012 $2,663,300 $1,630,712
2022 $45,332 $4,209,817 $2,611,079 $1,598,738
2021 $44,500 $4,127,273 $2,559,882 $1,567,391
2019 $27,081 $2,483,955 $2,236,860 $247,095
2018 $26,195 $2,435,250 $2,193,000 $242,250
2016 $6,469 $569,740 $294,694 $275,046
2015 $6,349 $561,183 $290,268 $270,915
2014 $6,105 $550,192 $284,583 $265,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16749512

California Regional Multiple Listing Service (CRMLS)

APN: 4181-022-044