Seller's Agent in 2022
Nabil Awada
Matthews Real Estate Investment Services
(310) 469-2974
1 in this area
38 Total Sales
307 25th St Hermosa Beach, CA 90254
Estimated Value: $2,073,891 - $2,554,000
2
Beds
2
Baths
1,320
Sq Ft
$1,743/Sq Ft
Est. Value
Highlights
- Coastline Views
- Contemporary Architecture
- Tile Flooring
- Hermosa Valley Elementary School Rated A
- 2 Car Attached Garage
- Remodeled Bathroom
About This Home
As of January 2022This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #02046840 Listed on: 08/30/2021
Co-Listed By
David Harrington
Matthews Real Estate Investment Services License #01320460
Last Buyer's Agent
Greg Maffei
License #01091979
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,226
Year Built
- Built in 1947
Lot Details
- 2,304 Sq Ft Lot
- South Facing Home
Parking
- 2 Car Attached Garage
Property Views
- Coastline
- Bay
Home Design
- Contemporary Architecture
- Composition Roof
Interior Spaces
- 1,320 Sq Ft Home
- 2-Story Property
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Remodeled Bathroom
- 2 Bathrooms
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 4182-028-010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2021
Closed on
Jan 19, 2022
Sold by
Marcus Il Sucre Family Trust
Bought by
Maffei Family Trust
Seller's Agent
Nabil Awada
Matthews Real Estate Investment Services
Buyer's Agent
Greg Maffei
List Price
$2,125,000
Sold Price
$1,875,000
Premium/Discount to List
-$250,000
-11.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,223
Avg. Annual Appreciation
5.59%
Original Mortgage
$1,125,000
Outstanding Balance
$1,036,828
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$1,263,395
Purchase Details
Closed on
Feb 7, 2019
Sold by
Sucro Marcus B
Bought by
Sucro Marcus B and Marcus B Sucro Family Trust
Purchase Details
Closed on
Nov 24, 2018
Sold by
Sucro Marcus B
Bought by
Sucro Marcus B
Purchase Details
Closed on
Feb 6, 2009
Sold by
Crenshaw James W and The James Crenshaw Living Trus
Bought by
Sucro Marcus B and Sucro Ilse
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2001
Sold by
Crenshaw James W
Bought by
Crenshaw James W and James Crenshaw Living Trust
Purchase Details
Closed on
Apr 17, 2001
Sold by
Crenshaw James W and James Crenshaw Living Trust
Bought by
Crenshaw James W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.24%
Purchase Details
Closed on
Oct 28, 1997
Sold by
Crenshaw James W
Bought by
Crenshaw James W and The James Crenshaw Living Trus
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Maffei Family Trust | $1,875,000 | First American Title Company O | |
| Sucro Marcus B | -- | None Available | |
| Sucro Marcus B | -- | None Available | |
| Sucro Marcus B | $990,000 | Equity Title Los Angeles | |
| Crenshaw James W | -- | Chicago Title Co | |
| Crenshaw James W | -- | Chicago Title Co | |
| Crenshaw James W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Maffei Family Trust | $1,125,000 | |
| Previous Owner | Sucro Marcus B | $742,500 | |
| Previous Owner | Crenshaw James W | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2022 01/21/22 | Sold | $1,875,000 | -6.0% | $1,420 / Sq Ft |
| 12/10/2021 12/10/21 | Pending | -- | -- | -- |
| 11/15/2021 11/15/21 | Price Changed | $1,995,000 | -6.1% | $1,511 / Sq Ft |
| 08/30/2021 08/30/21 | For Sale | $2,125,000 | -- | $1,610 / Sq Ft |
Source: The MLS
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 | $21,226 | $1,989,764 | $1,936,704 | $53,060 |
| 2024 | $21,226 | $1,950,750 | $1,898,730 | $52,020 |
| 2023 | $20,789 | $1,912,500 | $1,861,500 | $51,000 |
| 2022 | $13,192 | $1,201,343 | $1,019,327 | $182,016 |
| 2021 | $13,004 | $1,177,789 | $999,341 | $178,448 |
| 2019 | $12,664 | $1,142,856 | $969,700 | $173,156 |
| 2018 | $12,301 | $1,120,448 | $950,687 | $169,761 |
| 2016 | $12,405 | $1,076,942 | $913,772 | $163,170 |
| 2015 | $12,215 | $1,060,767 | $900,047 | $160,720 |
| 2014 | $11,858 | $1,039,989 | $882,417 | $157,572 |
Source: Public Records
Agents Affiliated with this Home
-
Nabil Awada
-
D
Seller Co-Listing Agent in 2022
David Harrington
Matthews Real Estate Investment Services
-
G
Buyer's Agent in 2022
Greg Maffei
Map
Source: The MLS
MLS Number: 21-778442
APN: 4182-028-010
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