NOT LISTED FOR SALE

301 28th St Hermosa Beach, CA 90254

Estimated Value: $2,423,000 - $3,466,000

4 Beds
2 Baths
1,500 Sq Ft
$1,917/Sq Ft Est. Value

Last Sold March 04, 2015

Last sale price $2,250,000 $1,500 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $17,617/month

17 Days on Market

Highlights

  • Ocean View
  • French Doors
  • Level Lot
  • Hermosa Valley Elementary School Rated A
  • Bungalow
  • 4-minute walk to Valley Park

About This Home

As of March 2015

With beautiful ocean views and only a 5-minute stroll to the beach, this 2-story Hermosa Beach duplex is the perfect coastal getaway or rental investment! This well maintained, two-unit building is divided into two floors; each encompassing two bedrooms and one bathroom. Top unit features a remodeled kitchen, granite counter tops, hardwood floors, double paned vinyl windows, French doors, rear deck and front balcony with ocean views.Bottom unit features a spacious ocean view patio, hardwood floors, upgraded kitchen and back deck. In the rear, tenants enjoy a shared patio, laundry room, detached 2-car garage and secured street to ally access. This building is 1,502 sq. ft., situated on a 30’ by 80’ lot, (2,400 sq ft) in one of the South Bay’s most coveted beach locations.

Last Agent to Sell the Property

Gary Richardson

Strand Hill Properties License #00466560 Listed on: 02/02/2015

Last Buyer's Agent

William Joseph

Joseph Group License #01934991

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 2,400 Sq Ft Lot
  • 1 Common Wall
  • Fence is in average condition
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Property Attached

Interior Spaces

  • 1,500 Sq Ft Home
  • French Doors
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 6210
  • Assessor Parcel Number 4181022020

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $195
  • Insurance Expense $1,200
  • Trash Expense $300
  • Water Sewer Expense $900
  • New Taxes Expense $2,300
  • Gross Income $5,200
  • Net Operating Income $57,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Seller to provide list to buyer unpon walk thru inspection.
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 4181022020
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Door Features: French Doors
  • Levels: Two
  • Price Per Square Foot: 1500.00

Exterior Features

  • View: Ocean
  • Fencing: Average Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Level, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 195.00
  • Gross Income: 5200.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2400.0000 Square Feet
  • Net Operating Income: 57146.00
  • 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: 5254.00
  • Rent Control: No
  • Total Actual Rent: 5200.00

Tax Info

  • New Taxes Expense: 2300.00
  • Tax Lot: 21
  • Tax Tract Number: 6210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2015
Sold by
Joseph Alfred S
Bought by
Adj Investments Llc
Current Estimated Value
$2,875,455

Purchase Details

Listed on
Feb 2, 2015
Closed on
Feb 24, 2015
Sold by
Kobata Brothers Inc
Bought by
Kobata Dennis and Tokumaru Janet
Seller's Agent
Gary Richardson
Strand Hill Properties
Buyer's Agent
William Joseph
Joseph Group
List Price
$1,850,000
Sold Price
$2,250,000
Premium/Discount to List
$400,000
21.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.27%

Purchase Details

Listed on
Feb 2, 2015
Closed on
Feb 19, 2015
Sold by
Kobata Dennis
Bought by
Joseph Alfred S and Joseph Darcy H
Seller's Agent
Gary Richardson
Strand Hill Properties
Buyer's Agent
William Joseph
Joseph Group
List Price
$1,850,000
Sold Price
$2,250,000
Premium/Discount to List
$400,000
21.62%

Purchase Details

Listed on
Feb 2, 2015
Closed on
Feb 18, 2015
Sold by
Kobata Mariko
Bought by
Kobata Wayne J
Seller's Agent
Gary Richardson
Strand Hill Properties
Buyer's Agent
William Joseph
Joseph Group
List Price
$1,850,000
Sold Price
$2,250,000
Premium/Discount to List
$400,000
21.62%

Purchase Details

Closed on
Jan 6, 2006
Sold by
Ruiz Robert A and Ruiz Vanessa E
Bought by
Kobata Brothers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2002
Sold by
Ruiz Robert A
Bought by
Ruiz Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
6.37%

Purchase Details

Closed on
Apr 9, 1998
Sold by
Smith Trent Barstow
Bought by
Ruiz Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,200
Interest Rate
6.37%

Purchase Details

Closed on
Mar 11, 1996
Sold by
Billor Barry P
Bought by
Smith Trent Barstow and Barstow Frances E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
7.75%

Purchase Details

Closed on
Dec 11, 1995
Sold by
Katz Milton S
Bought by
Billor Barry P and Billor Heidi Sue

Purchase Details

Closed on
Oct 27, 1994
Sold by
Katz Milton S and Billor Heidi Sue
Bought by
Billor Barry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adj Investments Llc -- None Available
Kobata Dennis $740,000 None Available
Joseph Alfred S $2,250,000 Usa National Title Company
Kobata Wayne J -- Usa National Title Company
Kobata Brothers Inc $1,585,000 Fidelity National Title Co
Ruiz Robert A -- Fidelity Title
Ruiz Robert $481,500 Fidelity National Title Ins
Smith Trent Barstow $405,000 Investors Title Company
Billor Barry P -- --
Billor Barry P -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kobata Brothers Inc $228,000
Previous Owner Ruiz Robert A $384,900
Previous Owner Ruiz Robert $385,200
Previous Owner Smith Trent Barstow $324,000
Previous Owner Billor Barry P $337,000
Closed Ruiz Robert $48,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2015 03/04/15 Sold $2,250,000 +21.6% $1,500 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $1,850,000 -- $1,233 / 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 $28,287 $2,663,539 $2,367,592 $295,947
2024 $28,287 $2,611,314 $2,321,169 $290,145
2023 $27,752 $2,560,112 $2,275,656 $284,456
2022 $27,206 $2,509,915 $2,231,036 $278,879
2021 $26,745 $2,460,702 $2,187,291 $273,411
2019 $26,092 $2,387,718 $2,122,416 $265,302
2018 $25,187 $2,340,900 $2,080,800 $260,100
2016 $24,324 $2,284,312 $2,030,500 $253,812
2015 $15,231 $1,418,000 $1,215,400 $202,600
2014 $15,092 $1,418,000 $1,215,400 $202,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15023069

California Regional Multiple Listing Service (CRMLS)

APN: 4181-022-020