NOT LISTED FOR SALE

Estimated Value: $1,809,000 - $2,489,000

4 Beds
2 Baths
1,531 Sq Ft
$1,420/Sq Ft Est. Value

Last Sold August 07, 2015

Last sale price $1,300,000 $849 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $13,134/month

2 Days on Market

Highlights

  • Private Yard
  • Patio Home
  • 3-minute walk to Ardmore Park
  • Hermosa Valley Elementary School Rated A

About This Home

As of August 2015

Sought after duplex well located in Hermosa Beach. The property is in close proximity the beach, greenbelt and pier. The unit mix is composed of (2) two bedroom one bath units, which are separately metered for gas & electricity. The upper unit has access to a large deck and the lower unit has a huge private yard.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 07/20/2015

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,551

Year Built

  • Built in 1954

Lot Details

  • 2,765 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,531 Sq Ft Home
  • Patio Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 6211
  • Assessor Parcel Number 4187032012

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $689
  • Trash Expense $310
  • Water Sewer Expense $833
  • New Taxes Expense $15,000
  • Operating Expense $17,647
  • Gross Income $4,095
  • Net Operating Income $30,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,551

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.50
  • Price Per Unit: 600000
  • Property Attached: Yes
  • Water Sewer Expenses: 833.00
  • Property Type: Residential Income
  • Parcel Number: 4187032012
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 849.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 310.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Patio Home, Yard
  • Lot Size Sq Ft: 2765.00
  • Price Per Lot Square Foot: 470.16
  • Lot Size Acres: 0.0630

Multi Family

  • Gross Income: 4095.00
  • Gross Multiplier: 24.40
  • Gross Operating Income: 47666.00
  • Gross Scheduled Income: 49140.00
  • Insurance Expense: 689.00
  • Lot Size Area: 2765.0000 Square Feet
  • Net Operating Income: 30019.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17646.00
  • Rent Control: No
  • Total Expenses: 17647.00
  • Vacancy Allowance: 1474
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 16
  • Tax Tract Number: 6211.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Jul 27, 2015
Sold by
Vaughn Stephen
Bought by
Vaughn Diane
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,200,000
Sold Price
$1,300,000
Premium/Discount to List
$100,000
8.33%
Current Estimated Value
$2,174,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$874,284
Avg. Annual Appreciation
4.71%

Purchase Details

Listed on
Jul 20, 2015
Closed on
Jul 23, 2015
Sold by
Vaughn Diane
Bought by
Duffy Caroline Wible and Duffy Terence William
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,200,000
Sold Price
$1,300,000
Premium/Discount to List
$100,000
8.33%

Purchase Details

Closed on
Sep 3, 2003
Sold by
Liberty Robert F and Liberty Doris H
Bought by
Liberty Doris H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
Beul Jane D and The Doris H Liberty Living Rev
Bought by
Vaughn Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Duffy Caroline Wible $1,300,000 Pct
Vaughn Stephen $700,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vaughn Stephen $760,000
Previous Owner Vaughn Stephen $490,000
Closed Vaughn Stephen $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2015 08/07/15 Sold $1,300,000 +8.3% $849 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $1,200,000 -- $784 / 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 $16,551 $1,538,930 $1,183,794 $355,136
2024 $16,551 $1,508,756 $1,160,583 $348,173
2023 $16,213 $1,479,174 $1,137,827 $341,347
2022 $15,924 $1,450,171 $1,115,517 $334,654
2021 $15,682 $1,421,738 $1,093,645 $328,093
2019 $15,273 $1,379,570 $1,061,208 $318,362
2018 $14,754 $1,352,520 $1,040,400 $312,120
2016 $14,035 $1,300,000 $1,000,000 $300,000
2015 $9,077 $828,097 $662,480 $165,617
2014 $8,777 $811,876 $649,503 $162,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15158671

California Regional Multiple Listing Service (CRMLS)

APN: 4187-032-012