NOT LISTED FOR SALE

Estimated Value: $2,104,000 - $4,609,754

5 Beds
5 Baths
3,429 Sq Ft
$1,083/Sq Ft Est. Value

Sale Details

Date Sold: April 27, 2016

Last sale price $3,825,000 $1,115 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $23,913 / mo

4 Days on Market

Highlights

  • Corner Lot
  • Hermosa Valley Elementary School Rated A
  • 4-minute walk to South Park

About This Home

As of April 2016

AMAZING OPPORTUNITY JUST A FEW BLOCKS TO THE BEACH IN THE HERMOSA SAND SECTION! RENTS ARE LOW, POTENTIAL TO RAISE RENTS WHILE YOU PLAN TO DEVELOPE! 4 UNIT TOWNHOUSE SITE ON 2 LOTS! FANTASTIC LOCATION NEAR SHOPS AND RESTAURANTS AND OF COURSE THE BEACH! EXISTING UNITS ARE IN GOOD CONDITION!

Last Agent to Sell the Property

Gary Stager

Estate Properties License #00402754 Listed on: 02/19/2016

Estate Properties

Last Buyer's Agent

Rick Shaw

E Real Estate Corp. License #00526393

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 6,007 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Corner Lot
  • Level Lot
  • Density is up to 1 Unit/Acre
  • Value in Land

Parking

  • 8 Car Garage

Home Design

  • 3,429 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 1123
  • Assessor Parcel Number 4188013046

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Electric Expense $2,295
  • Trash Expense $970
  • Water Sewer Expense $1,082
  • New Taxes Expense $48,750
  • Gross Income $11,200
  • Net Operating Income $80,206

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

6,007 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 1082.00
  • Property Type: Residential Income
  • Parcel Number: 4188013046
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 1115.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Available
  • Trash Expense: 970.00

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level, Value In Land, Corner Lot
  • Lot Size Sq Ft: 6007.00
  • Price Per Lot Square Foot: 636.76
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 2295.00
  • Gross Income: 11200.00
  • Gross Multiplier: 29.00
  • Gross Scheduled Income: 134400.00
  • Gross Spendable Income: 134400.00
  • Lot Size Area: 6007.0000 Square Feet
  • Net Operating Income: 80206.00
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 54194.00
  • Rent Control: No
  • Total Actual Rent: 11200.00

Tax Info

  • New Taxes Expense: 48750.00
  • Tax Lot: 15
  • Tax Tract Number: 1123

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2019
Sold by
Bought by
Current Estimated Value
$3,712,939

Purchase Details

Closed on
Aug 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,469,600
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,469,600
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 19, 2016
Closed on
Apr 21, 2016
Sold by
Bought by
Seller's Agent
Gary Stager
Estate Properties
Buyer's Agent
Rick Shaw
E Real Estate Corp.
List Price
$3,900,000
Sold Price
$3,825,000
Premium/Discount to List
-$75,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.29%
Original Mortgage
$1,450,000
Interest Rate
3.71%

Purchase Details

Closed on
Oct 12, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hermosa Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,830,000 Provident Title Company
$3,528,000 Provident Title Company
-- Provident Title Company
$3,500,000 Provident Title Company
$3,825,000 Provident Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,800,000
Previous Owner $2,469,600
Previous Owner $2,800,000
Previous Owner $5,685,000
Previous Owner $1,450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/27/2016 04/27/16 Sold $3,825,000 -1.9% $1,115 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $3,900,000 -- $1,137 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $41,589 $3,827,758 $2,515,385 $1,312,373
2024 $40,440 $3,752,705 $2,466,064 $1,286,641
2023 $39,599 $3,679,123 $2,417,710 $1,261,413
2022 $38,890 $3,606,984 $2,370,304 $1,236,680
2021 $38,171 $3,536,260 $2,323,828 $1,212,432
2020 $37,881 $3,500,000 $2,300,000 $1,200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16034941

California Regional Multiple Listing Service (CRMLS)

APN: 4188-013-108

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