NOT LISTED FOR SALE

528 The Strand Hermosa Beach, CA 90254

Estimated Value: $2,771,000 - $6,663,000

4 Beds
3.5 Baths
2,300 Sq Ft
$2,268/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $5,600,000 $2,435 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $32,597/month

148 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Multi-Level Bedroom
  • Hermosa Valley Elementary School Rated A
  • Property has ocean access
  • No HOA

About This Home

As of December 2017

Charming, vintage triplex with amazing ocean views! Highly desirable location, right on The Strand. Two 1-BD units upstairs and one 2-BD unit downstairs. Each unit has their own deck space. Two garages with 2-3 parking spaces total. All 3 units are currently tenant occupied.

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 04/18/2017

Last Buyer's Agent

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 04/18/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 2,393 Sq Ft Lot
  • Beach Front
  • Two or More Common Walls
  • Value in Land
  • Tear Down

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Triplex
  • Fixer Upper

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Multi-Level Bedroom

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Shared Well
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 4188004005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: HBR3YY
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 4188004005
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2300.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2434.78
  • Room Type: Kitchen, Living Room, Multi-Level Bedroom

Exterior Features

  • View: Coastline, Ocean, Water, White Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public, Shared Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Tear Down, Value In Land
  • Lot Size Sq Ft: 2393.00

Multi Family

  • Lease Considered: Yes
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 6211.04
  • Tax Lot: 5
  • Tax Tract Number: 00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2017
Closed on
Dec 22, 2017
Sold by
Payne
Bought by
Lemay
Seller's Agent
Raju Chhabria
Chhabria Real Estate Company
Buyer's Agent
Raju Chhabria
Chhabria Real Estate Company
List Price
$5,999,999
Sold Price
$5,600,000
Premium/Discount to List
-$399,999
-6.67%
Current Estimated Value
$5,216,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$383,667
Avg. Annual Appreciation
-0.87%
Original Mortgage
$3,500,000
Outstanding Balance
$2,946,694
Interest Rate
3.94%
Estimated Equity
$2,269,639

Purchase Details

Closed on
Sep 3, 2013
Sold by
Payne Barbara Bek
Bought by
Payne Barbara Bek and Barbara Bek Payne Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2011
Sold by
Payne Barbara Bek and Payne Robert E
Bought by
Payne Barbara Bek and The Barbara Bek Payne Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2009
Sold by
Payne Robert E
Bought by
Payne Barbara Bek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2008
Sold by
Payne Barbara Bek
Bought by
Payne Barbara Bek and The Barbara Bek Payne Family Trust

Purchase Details

Closed on
Jun 24, 2003
Sold by
Payne Barbara Bek
Bought by
Payne Barbara Bek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.72%

Purchase Details

Closed on
Apr 26, 2003
Sold by
Payne Barbara Bek
Bought by
Payne Barbara Bek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.72%

Purchase Details

Closed on
May 20, 2002
Sold by
Payne Barbara Bek
Bought by
Payne Barbara Bek
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
Lemay -- --
Payne Barbara Bek -- Progressive Title Company
Payne Barbara Bek -- Progressive
Payne Barbara Bek -- Chicago Title Company
Payne Barbara Bek -- Chicago Title Company
Payne Barbara Bek -- None Available
Payne Barbara Bek -- None Available
Payne Barbara Bek -- None Available
Payne Barbara Bek -- None Available
Payne Barbara Bek -- --
Payne Barbara Bek -- Investors Title Company
Payne Barbara Bek -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemay $3,500,000
Closed Lemay --
Previous Owner Payne Barbara Bek $640,000
Previous Owner Payne Barbara Bek $320,000
Previous Owner Payne Barbara Bek $284,000
Previous Owner Payne Barbara Bek $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $5,600,000 -6.7% $2,435 / Sq Ft
09/13/2017 09/13/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $5,999,999 0.0% $2,609 / Sq Ft
11/30/2016 11/30/16 Rented $1,500 -40.0% --
11/21/2016 11/21/16 Off Market $2,500 -- --
11/10/2016 11/10/16 Price Changed $2,500 -34.2% $4 / Sq Ft
08/10/2016 08/10/16 For Rent $3,800 -- --
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 $67,077 $6,371,839 $5,575,361 $796,478
2024 $67,077 $6,246,902 $5,466,041 $780,861
2023 $65,676 $6,124,414 $5,358,864 $765,550
2022 $64,498 $6,004,329 $5,253,789 $750,540
2021 $63,345 $5,886,598 $5,150,774 $735,824
2019 $61,671 $5,712,000 $4,998,000 $714,000
2018 $59,694 $5,600,000 $4,900,000 $700,000
2016 $3,203 $242,480 $171,467 $71,013
2015 $3,147 $238,839 $168,892 $69,947
2014 $2,909 $234,161 $165,584 $68,577
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Raju Chhabria

    Chhabria Real Estate Company

    Section Image
  • Neil Chhabria

    Buyer Co-Listing Agent in 2017

    Neil Chhabria

    Chhabria Real Estate Company

    (310) 902-7227

    2 in this area

    46 Total Sales

    Neil Chhabria
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17160086

California Regional Multiple Listing Service (CRMLS)

APN: 4188-004-005

California Los Angeles County Hermosa Beach 90254

528 The Strand, Hermosa Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes