NOT LISTED FOR SALE
6 Beds
7 Baths
3,786 Sq Ft
3,531 Sq Ft Lot

Last Sold August 01, 2022

Last sale price $4,200,000 $1,109 Per Sq Ft

10 Days on Market

Highlights

  • Laundry Room
  • Bike Trail
  • 1-minute walk to Noble Park
  • Hermosa Valley Elementary School Rated A

About This Home

As of August 2022

WOWZA
Steps to the BEACH: This premier classic beach apartment offers the dream Hermosa Beach lifestyle. Perfect and bright location, 10 steps to the beach, this property is positioned in an elite Hermosa Beach walkstreet location. The building has a coastal decor theme with an amazing OUTDOOR PATIO that captures sweeping ocean as well as postcard worthy views of Hermosa Beach and the nearby pier. True indoor and outdoor living capturing the rare beachfront elements of PRIVACY. Ideally located in Hermosa's more private section, this property perhaps most endearing feature is its prominent placement, a short stroll away from the celebrated restaurants, shops & iconic pier of both downtown Manhattan and Hermosa Beach. The building has laundry facilities on the premises.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 06/21/2022

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 06/21/2022

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,531 Sq Ft Lot
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • 3,786 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 621
  • Assessor Parcel Number 4183005028
  • $2,076 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,514
  • Maintenance Expense $5,166
  • Professional Management Expense $13,200
  • Trash Expense $2,000
  • Water Sewer Expense $3,600
  • New Taxes Expense $46,655
  • Operating Expense $72,741
  • Gross Income $172,190
  • Net Operating Income $96,074

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • CapRate: 2.29
  • Professional Management Expense: 13200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: HBR2B2
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4183005028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 1109.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3531.00
  • Lot Size Acres: 0.0811

Multi Family

  • Gross Income: 172190.00
  • Gross Multiplier: 24.39
  • Gross Operating Income: 165276.00
  • Gross Scheduled Income: 172190.00
  • Insurance Expense: 1514.00
  • Lot Size Area: 3531.0000 Square Feet
  • Maintenance Expense: 5166.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 96074.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 76116.00
  • Rent Control: No
  • Total Actual Rent: 12291.00
  • Total Expenses: 72741.00

Tax Info

  • New Taxes Expense: 46655.00
  • Tax Area: 2075.6
  • Tax Lot: 30
  • Tax Rate: 1.06
  • Tax Tract Number: 621...
  • TaxOtherAnnualAssessmentAmount: 2075.60

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/04/2023 07/04/23 Price Changed $2,495 +8.7% $5 / Sq Ft
06/27/2023 06/27/23 Price Changed $2,295 +4.6% $5 / Sq Ft
06/23/2023 06/23/23 For Rent $2,195 0.0% --
01/19/2023 01/19/23 For Rent $2,195 0.0% --
08/01/2022 08/01/22 Sold $4,200,000 0.0% $1,109 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $4,200,000 -- $1,109 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22135138

California Regional Multiple Listing Service (CRMLS)