NOT LISTED FOR SALE

2467 Manhattan Ave Hermosa Beach, CA 90254

Estimated Value: $3,461,030 - $3,831,000

3 Beds
3 Baths
1,867 Sq Ft
$1,950/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $2,700,000 $1,446 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $22,372/month

1 Day on Market

Highlights

  • Ocean View
  • Corner Lot
  • Forced Air Heating System
  • Hermosa Valley Elementary School Rated A
  • No HOA

About This Home

As of July 2016

A must see location! This corner ocean-view duplex in North Hermosa is just a short walk to the beach. Main home has been well-cared for with 2 bedrooms, 2 baths, hardwood floors, with amazing ocean and white-water views from living room and patio off of living room. Apartment upstairs has 1 bedroom, 1 bath, living room, kitchen, large deck with huge views. Tenant upstairs is on a month-to-month lease. This legal non-conforming duplex has been in the same family since the 1930s.

Last Agent to Sell the Property

Ann Dean

Harcourts Hunter Mason Realty License #01425513 Listed on: 07/05/2016

Last Buyer's Agent

David Caskey

eXp Realty of California Inc License #01198999

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 2,513 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1,867 Sq Ft Home
  • Living Room with Fireplace
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 621004
  • Assessor Parcel Number 4182011013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $932
  • Trash Expense $1,329
  • Water Sewer Expense $2,807
  • New Taxes Expense $27,500
  • Gross Income $1,800
  • Net Operating Income $12,116

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

2,513 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2807.00
  • Property Type: Residential Income
  • Parcel Number: 4182011013
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 1446.17

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Forced Air
  • Trash Expense: 1329.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Paved, Corner Lot
  • Lot Size Sq Ft: 2513.00
  • Price Per Lot Square Foot: 1074.41

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 932.00
  • Net Operating Income: 12116.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9484.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Lot: 13
  • Tax Tract Number: 621004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2017
Sold by
Wilson Mary D
Bought by
Costello Bryan O and The Costello Family 1994 Trust
Current Estimated Value
$3,640,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Outstanding Balance
$1,186,637
Interest Rate
1.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,453,706

Purchase Details

Listed on
Jul 5, 2016
Closed on
Jul 8, 2016
Sold by
Kemp Kelvin Parker
Bought by
Wilson Mary D and Mary D Wilson Living Trust
Seller's Agent
Ann Dean
Harcourts Hunter Mason Realty
Buyer's Agent
David Caskey
eXp Realty of California Inc
List Price
$2,750,000
Sold Price
$2,700,000
Premium/Discount to List
-$50,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%

Purchase Details

Closed on
May 25, 2011
Sold by
Kemp Parker B and Kemp Family Trust
Bought by
Kemp Parker B and Kemp Family Trust
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
Costello Bryan O $2,930,000 Lawyers Title
Wilson Mary D $2,700,000 Progressive Title
Kemp Parker B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello Bryan O $1,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2016 07/20/16 Sold $2,700,000 -1.8% $1,446 / Sq Ft
07/06/2016 07/06/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $2,750,000 -- $1,473 / 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 $38,677 $3,668,237 $3,249,639 $418,598
2024 $38,677 $3,596,312 $3,185,921 $410,391
2023 $37,872 $3,525,797 $3,123,452 $402,345
2022 $37,192 $3,456,664 $3,062,208 $394,456
2021 $36,526 $3,388,887 $3,002,165 $386,722
2019 $32,972 $3,048,372 $2,913,120 $135,252
2018 $31,905 $2,988,600 $2,856,000 $132,600
2016 $5,269 $463,983 $286,226 $177,757
2015 $5,170 $457,014 $281,927 $175,087
2014 $4,949 $448,063 $276,405 $171,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16144572

California Regional Multiple Listing Service (CRMLS)

APN: 4182-011-013

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