2468 Silverstrand Ave Hermosa Beach, CA 90254
4
Beds
3
Baths
1,900
Sq Ft
2,536
Sq Ft Lot
Highlights
- Corner Lot
- Hermosa Valley Elementary School Rated A
- Laundry Room
About This Home
As of October 2017$100k price reduction on 8/14/17. THIS PROPERTY IS AVAILABLE!! NORTH HERMOSA...locals know this to be the best beach in the SouthBay. BEST FULL-LOT INCOME PROPERTY VALUE IN THE MANHATTAN OR HERMOSA SAND SECTIONS!! And Hermosa is internationally known, having been named as one of the best beach towns in the USA in the past. Nestled in a rapidly developing enclave a few minute walk to the pristine sand is this prominent triplex on a unique corner lot. Current income is $80,400/year and may be simply a good hold. But, it is also a great site for the exquisitely planned (by a popular local architect) ocean-view home jutting toward Malibu and the Santa Monica Mountains. Current building has two 1-bedroom units below with a 2-bedroom plus office/exercise area above with ocean view. Each unit has a private yard and a single car garage space with additional off-street parking. One of the lower units has enjoyed a kitchen remodel...the top 2-bedroom unit has a newer kitchen and bath. Laundry facilities with washer and dryer are on the property for all tenants to use. Square footage is taped and is different that that n the tax records. Recent rent analysis indicates market rents for the 1-bedrooms units is approx. $2,200 per month.
City records show 3-units. It appears all square footage is permitted. Buyer to verify all information that, though believed to be true, is not guaranteed.
SEE AGENT REMARKS
Last Agent to Sell the Property
John Garland Real Estate License #00426358 Listed on: 07/16/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,536
Year Built
- Built in 1929
Lot Details
- 2,536 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- 1,900 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 22
- Tax Tract Number 113
- Assessor Parcel Number 4182015022
Community Details
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $900
- Gardener Expense $900
- Insurance Expense $1,000
- Trash Expense $600
- Water Sewer Expense $1,200
- New Taxes Expense $28,438
- Operating Expense $34,238
- Gross Income $80,400
- Net Operating Income $74,600
Additional Features
- 3 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 13, 2018
Sold by
Autumn Sage 1031 Llc
Bought by
Gordon David R and Gordon Elsie
Purchase Details
Listed on
Jul 16, 2017
Closed on
Oct 3, 2017
Sold by
Johal Balbir
Bought by
Autumn Sage 1031 Llc
Seller's Agent
John Garland
John Garland Real Estate
Buyer's Agent
John Garland
John Garland Real Estate
List Price
$2,275,000
Sold Price
$2,025,000
Premium/Discount to List
-$250,000
-10.99%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,150,000
Interest Rate
3.78%
Mortgage Type
Commercial
Purchase Details
Listed on
Jun 23, 2016
Closed on
Oct 7, 2016
Sold by
Security Fse Three Hundred & Thirty Six
Bought by
Johal Balbir
Seller's Agent
John Altamura
S C Real Estate
Buyer's Agent
John Garland
John Garland Real Estate
List Price
$1,999,000
Sold Price
$1,975,000
Premium/Discount to List
-$24,000
-1.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Purchase Details
Closed on
May 20, 2016
Sold by
Moy Lawrence and May Lina
Bought by
Security F S E Three Hundred & Thirty Si
Purchase Details
Closed on
Mar 31, 2004
Sold by
Theel Cole E and Theel Julie E
Bought by
Moy Lawrence and Moy Lina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 4, 2001
Sold by
Theel Julie E and Eakins Julie C
Bought by
Theel Cole E and Theel Julie E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.09%
Purchase Details
Closed on
Jun 2, 1998
Sold by
Schneider Jeff L
Bought by
Schneider Jeff L and Stroyke Robb D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,250
Interest Rate
2.9%
Purchase Details
Closed on
Apr 15, 1998
Sold by
Schneider Jeff L and Stroyke Robb D
Bought by
Eakins Julie C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,250
Interest Rate
2.9%
Purchase Details
Closed on
Feb 25, 1998
Sold by
Schneider Betsy
Bought by
Schneider Jeff L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,250
Interest Rate
2.9%
Purchase Details
Closed on
Nov 22, 1996
Sold by
Louise T Raife Trust and Donna L
Bought by
Schneider Jef L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.75%
Similar Homes in Hermosa Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | $2,025,000 | Fntg Builder Services | |
| Grant Deed | $1,975,000 | Usa National Title Company | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $1,362,500 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Gift Deed | -- | Investors Title Company | |
| Grant Deed | $539,000 | Investors Title Company | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Grant Deed | $345,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,173,000 | New Conventional | |
| Previous Owner | $1,150,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $1,000,000 | Stand Alone First | |
| Previous Owner | $660,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $420,000 | Purchase Money Mortgage | |
| Previous Owner | $494,100 | Unknown | |
| Previous Owner | $500,000 | No Value Available | |
| Previous Owner | $60,000 | Credit Line Revolving | |
| Previous Owner | $404,250 | No Value Available | |
| Previous Owner | $273,000 | No Value Available | |
| Previous Owner | $276,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Price Changed | $2,675,000 | -6.1% | $1,400 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $2,850,000 | +40.7% | $1,491 / Sq Ft |
| 10/17/2017 10/17/17 | Sold | $2,025,000 | -6.9% | $1,066 / Sq Ft |
| 08/25/2017 08/25/17 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | Price Changed | $2,175,000 | -4.4% | $1,145 / Sq Ft |
| 07/16/2017 07/16/17 | For Sale | $2,275,000 | +15.2% | $1,197 / Sq Ft |
| 10/13/2016 10/13/16 | Sold | $1,975,000 | -1.2% | $1,313 / Sq Ft |
| 08/17/2016 08/17/16 | Pending | -- | -- | -- |
| 06/23/2016 06/23/16 | For Sale | $1,999,000 | 0.0% | $1,329 / Sq Ft |
| 06/20/2016 06/20/16 | Pending | -- | -- | -- |
| 06/02/2016 06/02/16 | Price Changed | $1,999,000 | -4.8% | $1,329 / Sq Ft |
| 04/21/2016 04/21/16 | Price Changed | $2,100,000 | -4.5% | $1,396 / Sq Ft |
| 04/05/2016 04/05/16 | For Sale | $2,199,000 | -- | $1,462 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $24,536 | $2,304,098 | $2,247,209 | $56,889 |
| 2024 | $24,536 | $2,258,921 | $2,203,147 | $55,774 |
| 2023 | $24,030 | $2,214,630 | $2,159,949 | $54,681 |
| 2022 | $23,601 | $2,171,207 | $2,117,598 | $53,609 |
| 2021 | $23,209 | $2,128,635 | $2,076,077 | $52,558 |
| 2019 | $22,600 | $2,065,500 | $2,014,500 | $51,000 |
| 2018 | $21,940 | $2,025,000 | $1,975,000 | $50,000 |
| 2016 | $18,354 | $1,636,420 | $1,561,359 | $75,061 |
| 2015 | $18,050 | $1,611,840 | $1,537,906 | $73,934 |
| 2014 | $17,576 | $1,580,267 | $1,507,781 | $72,486 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Audrey Judson
Pacifica Properties Group, Inc.
(310) 902-3234
7 in this area
53 Total Sales
-
Seller Co-Listing Agent in 2025
Lynn Range
Vista Sotheby’s International Realty
(310) 308-1221
3 in this area
22 Total Sales
-
Seller's Agent in 2017
John Garland
John Garland Real Estate
(310) 486-2197
8 Total Sales
-
J
Seller's Agent in 2016
John Altamura
S C Real Estate
-
Seller Co-Listing Agent in 2016
Vincenzo Altamura
S C Real Estate
(310) 562-4131
7 in this area
56 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17162184
APN: 4182-015-022
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