NOT LISTED FOR SALE

420 Hermosa Ave Hermosa Beach, CA 90254

Estimated Value: $5,516,000 - $6,026,000

16 Beds
8 Baths
6,720 Sq Ft
$859/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $6,250,000 $930 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $33,758/month

139 Days on Market

Highlights

  • 8 Car Garage
  • Hermosa Valley Elementary School Rated A
  • 5-minute walk to South Park

About This Home

As of December 2020

-NEW PRICE REDUCTION! -SELLER CARRY FINANCING AVAILABLE! -A+ Location on Hermosa Avenue Just 350-Feet from the Sand -Two 4-Unit Apartments on Two Adjacent Parcels -Two Completely Separate Parcels - Each with Own Assessor Parcel Number (APN) -7,997-Square Feet of Land -(8) 2-Bedroom/1-Bath Fully Upgraded Units -Complete Remodel for a Modern and Futuristic Living Experience -Two Fully Vacated Properties Positioned for Top Market Rents -New Owner has Flexibility of Choosing Their Own Tenants -8-Enclosed Garage Spaces W/ Modern Silent Electric Doors -Fully Secured Property with (10) HD Cameras and Fully Gated Key-Pad Entry -All New Kitchens with Quartz Counters, New White Shaker Cabinets, Sinks & Stainless Steel Samsung Appliances -All New Bathrooms with New Showers, Carrara Marble, Subway Tile, & New Fixtures -Common Area Bike Racks, Full Copper Plumbing, New Walkways and Stairs, & Washer and Dryers -Qualifies for Residential Financing -First Time on Market in 65 Years

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 08/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,569

Year Built

  • Built in 1955

Lot Details

  • 7,997 Sq Ft Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 6,720 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4188-011-003

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Vacancy Allowance $11,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,569

Year Built

Built in 1955

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 6720
  • Lot Acreage: 0.0920
  • Price Per Unit: 843750.00
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 1004.46

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 8
  • Parking Garage: Garage
  • Total Parking: 8

Utilities

  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 38.99
  • Assessed Improvement Value: 85321
  • Assessed Land Percent: 61.01
  • Assessed Land Value: 133491
  • Total Assessed Value: 218812
  • Assessor Parcel Number: 4188-011-003
  • Geocode Override: No
  • Lot Size Area: 7997

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 17.80
  • Number Of Units: 8
  • Total Annual Expense: 111966
  • Type Of Units: 2 Bed 1 Bath
  • Vacancy Allow: 11376
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 8 Units

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 84375.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Feb 19, 2021
Sold by
Parker Brian E and Parker Carli S
Bought by
Parker Brian E and Parker Carli S
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
List Price
$6,950,000
Sold Price
$6,250,000
Premium/Discount to List
-$700,000
-10.07%
Current Estimated Value
$5,771,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$479,000
Avg. Annual Appreciation
-1.60%
Original Mortgage
$1,500,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2020
Closed on
Dec 13, 2020
Sold by
Halbach Van
Bought by
Parker Brian E and Parker Carli S
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
List Price
$6,950,000
Sold Price
$6,250,000
Premium/Discount to List
-$700,000
-10.07%
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
Parker Brian E -- Chicago Title Company
Parker Brian E $6,250,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Brian E $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $6,250,000 0.0% $930 / Sq Ft
11/09/2020 11/09/20 Off Market $6,250,000 -- --
10/12/2020 10/12/20 Price Changed $6,750,000 -2.9% $1,004 / Sq Ft
08/12/2020 08/12/20 For Sale $6,950,000 -- $1,034 / Sq Ft
Source: The MLS

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 $37,569 $3,501,986 $2,812,201 $689,785
2024 $37,569 $3,433,320 $2,757,060 $676,260
2023 $36,797 $3,366,000 $2,703,000 $663,000
2022 $34,945 $3,187,500 $2,575,500 $612,000
2021 $3,730 $234,607 $143,127 $91,480
2020 $3,711 $233,222 $141,660 $91,562
2019 $3,649 $228,670 $138,883 $89,787
2018 $3,492 $224,207 $136,160 $88,047
2016 $3,307 $214,523 $130,874 $83,649
2015 $3,254 $211,302 $128,909 $82,393
2014 $2,960 $207,164 $126,384 $80,780
Source: Public Records

Agents Affiliated with this Home

  • Gianluca Jacoli

    Seller's Agent in 2020

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    5 in this area

    47 Total Sales

    Gianluca Jacoli
    Section Image
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Map

Source: The MLS

MLS Number: 20-617814

The MLS

APN: 4188-011-003

California Los Angeles County Hermosa Beach 90254

420 Hermosa Ave, Hermosa Beach, CA

This home is located at 420 Hermosa Ave, Hermosa Beach, CA 90254 since 12 August 2020 and is currently estimated at $5,771,000, approximately $858 per square foot. This property was built in 1955. 420 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.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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