NOT LISTED FOR SALE

Estimated Value: $1,880,000 - $2,841,732

2 Beds
2 Baths
1,320 Sq Ft
$1,726/Sq Ft Est. Value

Sale Details

Date Sold: January 21, 2022

Last sale price $1,875,000 $1,420 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $14,829 / mo

102 Days on Market

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 2022

This 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

Nabil Awada

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

2,304 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: The property is tenant-occupied. Please submit offers subject to interior inspection. There will be no showings or open houses. We politely request that you do not disturb the tenants nor walk around the property. Please email LA1 with any additional questions.
  • Living Area: 1320
  • Lot Acreage: 0.0529
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate
  • Bedrooms: 2
  • Common Walls: Attached
  • Bathroom Features: Remodeled
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 1511.36

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Roof: Composition
  • View: Coastline, Bay
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Attached
  • Total Parking: 2

Utilities

  • Heating: Combination
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 15.15
  • Assessed Improvement Value: 176619
  • Assessed Land Percent: 84.85
  • Assessed Land Value: 989094
  • Total Assessed Value: 1165713
  • Assessor Parcel Number: 4182-028-010
  • Lot Size Area: 2304

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 36.14
  • Number Of Units: 2
  • Type Of Units: Standard

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: The MLS

MLS Number: 21-778442

The MLS

APN: 4182-028-010

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