NOT LISTED FOR SALE

326 Hermosa Ave Hermosa Beach, CA 90254

Estimated Value: $3,997,392

6 Beds
6 Baths
3,416 Sq Ft
$1,170/Sq Ft Est. Value

Last Sold July 18, 2018

Last sale price $3,000,000 $878 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $24,832/month

28 Days on Market

Highlights

  • Across the Road from Lake or Ocean
  • No HOA
  • Parking Storage or Cabinetry
  • Hermosa Valley Elementary School Rated A
  • Laundry Room
  • 4 Car Garage

About This Home

As of July 2018

Prime Hermosa Beach area. just across the street from beach and ocean access. Beautifully maintained building. Alley access to the 4 garages. Coin operated laundry in a laundry room on site. 2 studio apartments do not include a garage, however parking permits available from city. 4,units have 1 parking space in a shared double garage. New exterior paint within last 2 years. Walking distance to shops, restaurants, and downtown Hermosa Beach.

Last Agent to Sell the Property

Gary Stager

Estate Properties License #00402754 Listed on: 04/25/2018

Estate Properties

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,607

Year Built

  • Built in 1954

Lot Details

  • 3,992 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,416 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 6211
  • Assessor Parcel Number 4188008032

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 16 Separate Water Meters
  • Trash Expense $998
  • Water Sewer Expense $1,259
  • New Taxes Expense $42,500
  • Operating Expense $44,757
  • Gross Income $136,320
  • Net Operating Income $45,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,607

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Paved
  • Water Sewer Expenses: 1259.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4188008032
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 878.22

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 998.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level with Street, Level, Paved
  • Lot Size Sq Ft: 3992.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 136320.00
  • Gross Multiplier: 24.90
  • Gross Scheduled Income: 136320.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Net Operating Income: 45357.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 16
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 5
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 90963.00
  • Rent Control: No
  • Total Actual Rent: 11310.00
  • Total Expenses: 44757.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • New Taxes Expense: 42500.00
  • Tax Lot: 10
  • Tax Tract Number: 6211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jul 13, 2018
Sold by
Mckinley Iris L
Bought by
Wu Lee Shi Jin and Wu Lee Jenny
Seller's Agent
Gary Stager
Estate Properties
Buyer's Agent
Bill Ruane
Estate Properties
List Price
$3,400,000
Sold Price
$3,000,000
Premium/Discount to List
-$400,000
-11.76%
Current Estimated Value
$3,997,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$997,392
Avg. Annual Appreciation
4.05%
Original Mortgage
$1,035,000
Outstanding Balance
$900,722
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$3,077,266

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jul 9, 2018
Sold by
Lee Jenny Wu and Lee Shi Jin
Bought by
Lee Jenny Wu and Lee Shi Jin
Seller's Agent
Gary Stager
Estate Properties
Buyer's Agent
Bill Ruane
Estate Properties
List Price
$3,400,000
Sold Price
$3,000,000
Premium/Discount to List
-$400,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Outstanding Balance
$900,722
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$3,077,266

Purchase Details

Closed on
Oct 12, 1996
Sold by
Mckinley David R and Mckinley Iris L
Bought by
Mckinley Iris L
Source: Public Records

Range of Values:

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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
Wu Lee Shi Jin $3,000,000 Progressive Title
Lee Jenny Wu -- Progressive Title Company
Mckinley Iris L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Lee Shi Jin $1,035,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2018 07/18/18 Sold $3,000,000 -6.3% $878 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
05/17/2018 05/17/18 Price Changed $3,200,000 -5.9% $937 / Sq Ft
04/25/2018 04/25/18 For Sale $3,400,000 -- $995 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $36,607 $3,346,552 $3,011,898 $334,654
2024 $36,607 $3,280,935 $2,952,842 $328,093
2023 $35,865 $3,216,604 $2,894,944 $321,660
2022 $35,228 $3,153,534 $2,838,181 $315,353
2021 $34,777 $3,091,701 $2,782,531 $309,170
2019 $33,894 $3,000,000 $2,700,000 $300,000
2018 $4,312 $238,273 $136,160 $102,113
2016 $4,072 $229,023 $130,874 $98,149
2015 $3,735 $225,584 $128,909 $96,675
2014 $3,587 $221,166 $126,384 $94,782
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gary Stager

    RE/MAX

    (310) 993-1202

    Gary Stager
    Section Image
  • Bill Ruane

    Buyer's Agent in 2018

    Bill Ruane

    RE/MAX

    (310) 877-2374

    3 in this area

    434 Total Sales

    Bill Ruane
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18095974

California Regional Multiple Listing Service (CRMLS)

APN: 4188-008-032

California Los Angeles County Hermosa Beach 90254

326 Hermosa Ave, Hermosa Beach, CA

This home is located at 326 Hermosa Ave, Hermosa Beach, CA 90254 since 25 April 2018 and is currently estimated at $3,997,392, approximately $1,170 per square foot. This property was built in 1954. 326 Hermosa Ave is a home located in Los Angeles County with nearby schools including Hermosa Valley Elementary School, Hermosa View Elementary School, and Our Lady of Guadalupe School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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