NOT LISTED FOR SALE

Estimated Value: $2,333,000 - $2,475,000

3 Beds
3 Baths
1,622 Sq Ft
$1,482/Sq Ft Est. Value

Last Sold December 09, 2024

Last sale price $2,415,000 $1,489 Per Sq Ft

Current estimated payment $12,693/month

83 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Laundry Room
  • Hermosa Valley Elementary School Rated A
  • No HOA
  • 5-minute walk to Noble Park

About This Home

As of December 2024

Beach life, at a spectacular price! A remarkable opportunity awaits you in the heart of Hermosa Beach, one of the most desirable and sought-after coastal towns. Just steps away from white sandy beaches, sparkling blue waters, and breathtaking sunsets, this triplex offers the chance to own your slice of coastal paradise where the beach is practically your backyard.
Whether you're an investor, a first time-homebuyer or looking to downsize from a large home, enjoy this versatile property all to yourself or with friends and family. This triplex has endless potential! Live in the charming front bungalow while renting out the rear units, or choose to rent out all three units for maximum income. All units vacant, allowing you to rent them out at current market rates. The front of the property, facing 10th Street, features a detached, 1-bedroom, 1-bathroom beach bungalow. This cozy home offers a sun-filled living room, a welcoming dining area, and a bright, spacious kitchen with ample cabinetry—perfect for preparing your favorite meals.
At the rear of the property, facing 11th Court, you'll find a detached two-story building. The lower and upper units each have 1 bedroom and 1 bathroom, with separate entrances for added privacy. The upper unit boasts a stunning view of the beach. Additionally, each unit has its own private laundry area, eliminating the need for tenants to seek out a laundromat.
A spacious courtyard and patio separate the front bungalow from the rear units, creating the feel of two distinct properties. These outdoor spaces provide plenty of room for gatherings, summer barbecues, and soaking up the coastal ambiance.
Whether you're seeking an investment opportunity or a personal beachside retreat, this coastal gem promises the lifestyle you've always dreamed of. With the upcoming LA28 Olympics and the growing demand for rentals, this is a long-term investment that will pay off for years to come. Located just a block from the vibrant Pier Avenue and everything Hermosa Beach offers, you'll never have to drive again. You’re walking distance with immediate access to top-rated gourmet restaurants, coffee shops, boutiques, gyms, yoga studios, grocery stores, library, farmers market and so much more. Plus, with Manhattan Beach and Redondo Beach just a mile away, you're at the center of the best that coastal living has to offer. This is the beach life you've always dreamed of- make it your reality today!

Last Agent to Sell the Property

Rubina Ryono

Keller Williams Palos Verdes Brokerage Phone: 310-938-3452 License #01462342 Listed on: 08/15/2024

Keller Williams Palos Verdes

Last Buyer's Agent

Jesse Dougherty

Compass License #01949609

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,853 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,622 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 20 / 11
  • Assessor Parcel Number 4187004017
  • $750 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Water Sports

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $100
  • Water Sewer Expense $150
  • Operating Expense $250

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: HBR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4187004017
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 1488.90

Exterior Features

  • View: Neighborhood, Ocean
  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2853.00
  • Lot Size Acres: 0.0655

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 2853.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 1500.00
  • Total Expenses: 250.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 6211.04
  • Tax Lot: 20
  • TaxOtherAnnualAssessmentAmount: 750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Nov 23, 2024
Sold by
Falcone Dewey Lawes and Falc Teresa
Bought by
Torrance Commercial Properties Llc
Seller's Agent
Rubina Ryono
Keller Williams Palos Verdes
Buyer's Agent
Jesse Dougherty
Compass
List Price
$3,000,000
Sold Price
$2,415,000
Premium/Discount to List
-$585,000
-19.5%
Views
28
Current Estimated Value
$2,404,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,742
Avg. Annual Appreciation
-0.40%

Purchase Details

Closed on
Mar 23, 2016
Sold by
Falcone Teresa Jane and Dewey Lawes Falcone
Bought by
Falcone Teresa Jane and Dewey Lawes Falcone

Purchase Details

Closed on
Nov 27, 2001
Sold by
Falcone Dewey Lawes and Falcone Teresa Jane
Bought by
Falcone Dewey Lawes and Falcone Teresa Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 1997
Sold by
Falcone Dewey Lawes and Falcone Teresa Jane
Bought by
Falcone Dewey Lawes and Falcone Teresa Jane
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
Torrance Commercial Properties Llc $2,415,000 Chicago Title Company
Torrance Commercial Properties Llc $2,415,000 Chicago Title Company
Falcone Teresa Jane -- None Available
Falcone Dewey Lawes -- Equity Title
Falcone Dewey Lawes -- Equity Title
Falcone Dewey Lawes -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falcone Dewey Lawes $305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Sold $2,415,000 -12.2% $1,489 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/17/2024 10/17/24 Price Changed $2,750,000 -3.5% $1,695 / Sq Ft
08/30/2024 08/30/24 Price Changed $2,850,000 -5.0% $1,757 / Sq Ft
08/15/2024 08/15/24 For Sale $3,000,000 -- $1,850 / Sq Ft
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 $2,510 $2,415,000 $2,300,000 $115,000
2024 $2,510 $165,787 $127,362 $38,425
2023 $2,472 $162,537 $124,865 $37,672
2022 $2,429 $159,351 $122,417 $36,934
2021 $2,497 $156,227 $120,017 $36,210
2020 $2,485 $154,626 $118,787 $35,839
2019 $2,443 $151,595 $116,458 $35,137
2018 $2,328 $148,624 $114,175 $34,449
2016 $2,197 $142,855 $109,743 $33,112
2015 $2,092 $140,710 $108,095 $32,615
2014 $1,944 $137,955 $105,978 $31,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24158428

California Regional Multiple Listing Service (CRMLS)

APN: 4187-004-017