NOT LISTED FOR SALE

431 Longfellow Ave Hermosa Beach, CA 90254

Estimated Value: $2,883,000 - $3,472,000

3 Beds
2 Baths
1,130 Sq Ft
$2,874/Sq Ft Est. Value

Last Sold December 12, 2012

Last sale price $1,030,000 $912 Per Sq Ft

Est. 215% increase in value since last sale

Current estimated payment $18,344/month

152 Days on Market

About This Home

As of December 2012

431 is the front unit which is a 1 BD/1 BA unit and has a brick patio in the rear area. 429 is the charming rear unit with warm paneling in living room and 2 bedrooms upstairs, both open onto a rooftop deck with city lights view. Street to alley lot; each unit has an oversized single car garage. This is an R-2 lot, and allows the new owner the opportunity to build a large 30 feet tall home. Located just a short walk to the Strand, Sand, North End support retail, downtown Manhattan Beach, Valley Park and Robinson School playground and fields. There is excellent street parking right out front, which is always at a premium in the sand sections. At today's historically low interest rates, buying this property as an owner user is the equivalent of buying a 2 bedroom single family home on a full lot for approximately $550,000!

Last Agent to Sell the Property

Robb Stroyke

Bayside License #00940891 Listed on: 04/20/2012

Last Buyer's Agent

William Herman

Pierside Realty, Inc. License #00479473

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 2,439 Sq Ft Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,130 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 6210
  • Assessor Parcel Number 4181011012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $12,063
  • Gross Income $47,880
  • Net Operating Income $46,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 4181011012
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 911.50

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Trash Expense: 300.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 2439.00
  • Lot Size Acres: 0.0560

Multi Family

  • Gross Income: 47880.00
  • Gross Scheduled Income: 47880.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2439.0000 Square Feet
  • Net Operating Income: 46680.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12063.00
  • Tax Lot: 13
  • Tax Tract Number: 6210
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2012
Closed on
Nov 29, 2012
Sold by
Huot Steven Louis
Bought by
Huot Steven Louis and Huot Ana Piedrahita
Seller's Agent
Robb Stroyke
Bayside
Buyer's Agent
William Herman
Pierside Realty, Inc.
List Price
$1,049,000
Sold Price
$1,030,000
Premium/Discount to List
-$19,000
-1.81%
Current Estimated Value
$3,247,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,217,349
Avg. Annual Appreciation
9.16%
Original Mortgage
$824,000
Outstanding Balance
$570,360
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$2,676,989

Purchase Details

Listed on
Apr 20, 2012
Closed on
Nov 27, 2012
Sold by
South Bay Property Development Llc
Bought by
Huot Steven Louis
Seller's Agent
Robb Stroyke
Bayside
Buyer's Agent
William Herman
Pierside Realty, Inc.
List Price
$1,049,000
Sold Price
$1,030,000
Premium/Discount to List
-$19,000
-1.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,000
Outstanding Balance
$570,360
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$2,676,989

Purchase Details

Closed on
Sep 20, 2005
Sold by
Fishman Mark
Bought by
South Bay Property Development Llc

Purchase Details

Closed on
Jun 23, 2005
Sold by
Park Lori
Bought by
Fishman Mark

Purchase Details

Closed on
Jan 13, 2005
Sold by
Fishman Mark
Bought by
South Bay Property Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 12, 2005
Sold by
South Bay Property Development Llc
Bought by
Fishman Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 11, 2004
Sold by
Fishman Mark
Bought by
South Bay Property Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2004
Sold by
Davis Ward Jane
Bought by
Ward Shiba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2004
Sold by
Brekke John P and Ward Shiba
Bought by
Fishman Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2003
Sold by
Brekke John and Brekke Cynthia E Yen
Bought by
Brekke John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
2.25%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Obrien Thomas P and Obrien Alice M
Bought by
Brekke John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
8%

Purchase Details

Closed on
May 3, 1995
Sold by
Strain Ava Lorrene
Bought by
Obrien Thomas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
8.47%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Huot Steven Louis -- Fidelity National Title
Huot Steven Louis -- Fidelity National Title
Huot Steven Louis $1,030,010 Fidelity National Title
South Bay Property Development Llc -- --
South Bay Property Development Llc -- --
Fishman Mark -- --
Fishman Mark -- --
South Bay Property Development Llc -- Stewart Title Of Ca Inc
Fishman Mark -- Stewart Title Of Ca Inc
South Bay Property Development Llc -- --
Ward Shiba -- Lawyers Title Company
Fishman Mark -- Lawyers Title Company
Brekke John P -- Multiple
Brekke John $479,000 Lawyers Title Company
Obrien Thomas P $270,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huot Steven Louis $824,000
Previous Owner Fishman Mark $200,000
Previous Owner Fishman Mark $668,000
Previous Owner Brekke John P $442,000
Previous Owner Brekke John $383,200
Previous Owner Obrien Thomas P $143,000
Closed Brekke John $47,900
Closed Fishman Mark $191,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2012 12/12/12 Sold $1,030,000 -1.8% $912 / Sq Ft
09/19/2012 09/19/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $1,049,000 -- $928 / 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 $16,350 $1,522,015 $1,108,279 $413,736
2024 $16,350 $1,492,173 $1,086,549 $405,624
2023 $16,016 $1,462,916 $1,065,245 $397,671
2022 $15,731 $1,434,232 $1,044,358 $389,874
2021 $15,492 $1,406,111 $1,023,881 $382,230
2019 $15,088 $1,364,407 $993,513 $370,894
2018 $12,201 $1,114,725 $974,033 $140,692
2016 $11,609 $1,071,441 $936,211 $135,230
2015 $11,388 $1,055,348 $922,149 $133,199
2014 $11,057 $1,034,676 $904,086 $130,590
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: S12052956

California Regional Multiple Listing Service (CRMLS)

APN: 4181-011-012