Seller's Agent in 2021
Robert Schad
Keller Williams R. E. Services
(818) 432-3200
1 in this area
32 Total Sales
525 Manhattan Ave Hermosa Beach, CA 90254
Estimated Value: $2,995,000 - $4,165,000
9
Beds
8
Baths
4,332
Sq Ft
$818/Sq Ft
Est. Value
Highlights
- No HOA
- Hermosa Valley Elementary School Rated A
- Views
About This Home
As of October 2021Great location just 2 blocks from the Pacific Ocean on 40 x 100 Manhattan to Palm lot. Quality properties like this come on the market so rarely as evident by the current Owners acquired this investment property in 1972 and held it in their portfolio ever since. The Property consists of four (4) large units. One unit is (3) bedrooms, there are three two (2) Bedroom units and an additional Studio not showing on the Tax Assessor Information. The property with the 525 Manhattan address is believed to be built in 1963 and the property with the 526 & 526 1/2 Palm address is believed to be built in 1940. Landlord / Owner paying ALL utilities on Palm Addresses. Tenants paying Electric on Manhattan Addresses and Landlord / Owner paying water & trash.
Last Agent to Sell the Property
Keller Williams R. E. Services License #01788874 Listed on: 07/27/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,264
Year Built
- Built in 1963
Lot Details
- 4,007 Sq Ft Lot
- Lot Dimensions are 40 x 100
- 1 Common Wall
Home Design
- 4,332 Sq Ft Home
- Split Level Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
Additional Features
- Property Views
Listing and Financial Details
- Assessor Parcel Number 4188011015
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Not Applicable 105 Subdivision
Building Details
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 2 Separate Water Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2021
Closed on
Sep 24, 2021
Sold by
Steiner Deborah L and Swift Frank C
Bought by
Meaglia Richard and Meaglia Soledad
Seller's Agent
Robert Schad
Keller Williams R. E. Services
Buyer's Agent
William Joseph
Joseph Group
List Price
$3,464,900
Sold Price
$3,000,000
Premium/Discount to List
-$464,900
-13.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,268
Avg. Annual Appreciation
3.11%
Purchase Details
Closed on
May 11, 2021
Sold by
Swift Frank C and Swift Frank Charles
Bought by
Steiner Deborah L
Purchase Details
Closed on
Aug 10, 2004
Sold by
The Frank C & Betty M Swift Family Trust
Bought by
Swift Betty M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meaglia Richard | $3,000,000 | North American Title Company |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2021 10/20/21 | Sold | $3,000,000 | -7.7% | $693 / Sq Ft |
| 09/24/2021 09/24/21 | Pending | -- | -- | -- |
| 09/03/2021 09/03/21 | Price Changed | $3,249,000 | 0.0% | $750 / Sq Ft |
| 09/02/2021 09/02/21 | Price Changed | $3,249,900 | -6.2% | $750 / Sq Ft |
| 07/27/2021 07/27/21 | For Sale | $3,464,900 | -- | $800 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $34,264 | $3,183,623 | $1,273,449 | $1,910,174 |
| 2024 | $34,264 | $3,121,200 | $1,248,480 | $1,872,720 |
| 2023 | $33,561 | $3,060,000 | $1,224,000 | $1,836,000 |
| 2022 | $32,960 | $3,000,000 | $1,200,000 | $1,800,000 |
| 2021 | $3,995 | $259,770 | $118,892 | $140,878 |
| 2020 | $3,974 | $257,107 | $117,673 | $139,434 |
| 2019 | $3,906 | $252,066 | $115,366 | $136,700 |
| 2018 | $3,747 | $247,124 | $113,104 | $134,020 |
| 2016 | $3,520 | $237,530 | $108,713 | $128,817 |
| 2015 | $3,394 | $233,964 | $107,081 | $126,883 |
| 2014 | $3,163 | $229,382 | $104,984 | $124,398 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
William Joseph
Joseph Group
(310) 415-4655
30 in this area
72 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: 320007059
APN: 4188-011-015
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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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