Seller's Agent in 2023
Amy Teitelbaum
RE/MAX
(310) 502-6118
4 in this area
22 Total Sales
618 Prospect Ave Hermosa Beach, CA 90254
Estimated Value: $2,096,000 - $3,347,000
4
Beds
3
Baths
2,083
Sq Ft
$1,212/Sq Ft
Est. Value
Highlights
- Ocean View
- Corner Lot
- 3 Car Attached Garage
- Hermosa View Elementary School Rated A
- No HOA
- 1-minute walk to Fort Lots of Fun Park
About This Home
As of March 2023Duplex with ocean view and tremendous upside potential. Possibilities galore - Move-in now, or remodel both units. live in one and rent the other for added income, possibly build two units (buyer to contact city to determine future development opportunities), or terrific for 1031 Exchange. Oversized corner lot in a great area of Hermosa Beach. Two separate buildings on the lot. (Yellow structure - 1102 7th Place is a 1/1) and (Blue building - 618 Prospect Ave is a 3/2). 3 car garage on 7th place plus an extra driveway spot on Prospect Avenue. Each unit has their own laundry. Front house (618 Prospect) has ocean view and access to backyard. 1102 7th Place (1/1) has ocean peak. Easy access to beaches, bike paths, restaurants, terrific award winning schools. Enjoy the Hermosa Beach lifestyle when you call this home.
Last Agent to Sell the Property
Estate Properties License #00940922 Listed on: 11/30/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,666
Year Built
- Built in 1952
Lot Details
- 4,715 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 3 Car Attached Garage
- 1 Open Parking Space
- Parking Available
- Side Facing Garage
- Driveway
Property Views
- Ocean
- Neighborhood
Home Design
- Duplex
- Bungalow
- Split Level Home
Interior Spaces
- 2,083 Sq Ft Home
- Living Room with Fireplace
- Dining Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Patio
- Wall Furnace
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 5209
- Assessor Parcel Number 4160027003
- $656 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2022
Closed on
Jan 31, 2023
Sold by
Decedents Trust
Bought by
Sliff Morgan Michelle and Stutzman Christian
Seller's Agent
Amy Teitelbaum
Estate Properties
Buyer's Agent
Fred Zuelich
eXp Realty of California Inc
List Price
$1,890,000
Sold Price
$1,750,000
Premium/Discount to List
-$140,000
-7.41%
Views
34
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
$774,308
Avg. Annual Appreciation
13.81%
Original Mortgage
$1,394,775
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 25, 2013
Sold by
Coleman Eleanor M and The Coleman Family Trust
Bought by
Coleman Eleanor M and The Coleman Family Trust
Purchase Details
Closed on
May 25, 1999
Sold by
Coleman Richard P and Coleman Eleanor M
Bought by
Coleman Richard P and Coleman Eleanor M
Purchase Details
Closed on
Feb 16, 1999
Sold by
Gates Geraldine C and The Gates Trust
Bought by
Coleman Richard P and Coleman Eleanor M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 8, 1998
Sold by
Gates Geraldine Trs Gates Trust
Bought by
Gates Geraldine C and Gates Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sliff Morgan Michelle | $1,750,000 | Progressive Title Company | |
| Coleman Eleanor M | -- | None Available | |
| Coleman Richard P | -- | -- | |
| Coleman Richard P | $380,000 | Southland Title Corporation | |
| Gates Geraldine C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sliff Morgan Michelle | $1,080,000 | |
| Closed | Sliff Morgan Michelle | $1,394,775 | |
| Previous Owner | Coleman Richard P | $318,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2023 03/10/23 | Sold | $1,750,000 | 0.0% | $840 / Sq Ft |
| 03/10/2023 03/10/23 | Sold | $1,750,000 | -2.5% | $840 / Sq Ft |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- |
| 12/14/2022 12/14/22 | Price Changed | $1,795,000 | 0.0% | $862 / Sq Ft |
| 12/14/2022 12/14/22 | Price Changed | $1,795,000 | -5.0% | $862 / Sq Ft |
| 11/30/2022 11/30/22 | For Sale | $1,890,000 | 0.0% | $907 / Sq Ft |
| 10/21/2022 10/21/22 | For Sale | $1,890,000 | -- | $907 / 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 | $19,666 | $1,820,700 | $1,716,660 | $104,040 |
| 2024 | $19,666 | $1,785,000 | $1,683,000 | $102,000 |
| 2023 | $6,788 | $572,582 | $361,631 | $210,951 |
| 2022 | $6,665 | $561,356 | $354,541 | $206,815 |
| 2021 | $6,497 | $550,350 | $347,590 | $202,760 |
| 2020 | $6,461 | $544,707 | $344,026 | $200,681 |
| 2019 | $6,334 | $534,028 | $337,281 | $196,747 |
| 2018 | $6,077 | $523,558 | $330,668 | $192,890 |
| 2016 | $5,770 | $503,229 | $317,829 | $185,400 |
| 2015 | $5,594 | $495,671 | $313,055 | $182,616 |
| 2014 | $5,434 | $485,962 | $306,923 | $179,039 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Teitelbaum
-
Fred Zuelich
Buyer's Agent in 2023
Fred Zuelich
eXp Realty of California Inc
(310) 245-4898
7 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22248710
APN: 4160-027-003
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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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