NOT LISTED FOR SALE

626 Hermosa Ave Hermosa Beach, CA 90254

Estimated Value: $2,421,000 - $3,767,000

2 Beds
1 Bath
3,248 Sq Ft
$953/Sq Ft Est. Value

Last Sold November 11, 2016

Last sale price $2,250,000 $693 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $19,217/month

75 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Living Room
  • Hermosa Valley Elementary School Rated A
  • Fireplace
  • West Facing Home

About This Home

As of November 2016

Great investment opportunity. Four unit building with all two Bedroom 1 bath units. Closed garages in the rear with alley access. Just steps to the famous Hermosa Beach sand and easy walk to down town Hermosa Beach. Don't miss this great property and opportunity. Please DO NOT disturb occupants.

Last Agent to Sell the Property

Don Anderson

Anderson & Associates License #00519473 Listed on: 09/30/2016

Last Buyer's Agent

David Caskey

eXp Realty of California Inc License #01198999

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,648

Year Built

  • Built in 1954

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40 x 100
  • Property fronts an alley
  • Two or More Common Walls
  • West Facing Home
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 4 / 37
  • Tax Tract Number 6211
  • Assessor Parcel Number 4187021033

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $3,457
  • Trash Expense $1,073
  • Water Sewer Expense $1,560
  • New Taxes Expense $29,315
  • Gross Income $5,980
  • Net Operating Income $35,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,648

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1560.00
  • Zoning: HBR3YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 4187021033
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level With Steps,Top Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 692.73
  • Room Type: Living Room

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 1073.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size: 40 X 100
  • Lot Size Sq Ft: 4000.00
  • Price Per Lot Square Foot: 593.75

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 812
  • Gross Income: 5980.00
  • Gross Scheduled Income: 71760.00
  • Insurance Expense: 3457.00
  • Net Operating Income: 35730.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 36030.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 29315.00
  • Tax Area: 4-340
  • Tax Block: 37
  • Taxes Percent: 1.25
  • Tax Lot: 4
  • Tax Tract Number: 6211.0
  • Tax Annual Amount: 5648.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2025
Sold by
Heinz Rei Llc
Bought by
Heinz Roger
Current Estimated Value
$3,094,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,250,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$1,844,071

Purchase Details

Listed on
Sep 30, 2016
Closed on
Oct 25, 2016
Sold by
Warren Gary A
Bought by
Heinz Rei Llc
Seller's Agent
Don Anderson
Anderson & Associates
Buyer's Agent
David Caskey
eXp Realty of California Inc
List Price
$2,375,000
Sold Price
$2,250,000
Premium/Discount to List
-$125,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
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
Heinz Roger -- Ticor Title Company
Heinz Rei Llc $2,250,000 Progressive
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinz Roger $1,250,000
Previous Owner Warren Gary A $801,900
Previous Owner Warren Gary A $760,000
Previous Owner Warren Gary A $600,000
Previous Owner Warren Gary A $480,000
Previous Owner Warren Gary A $400,000
Previous Owner Warren Gary A $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2016 11/11/16 Sold $2,250,000 -5.3% $693 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $2,375,000 0.0% $731 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $2,375,000 0.0% $731 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $2,375,000 -- $731 / 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 $28,296 $2,611,313 $2,495,257 $116,056
2024 $28,296 $2,560,112 $2,446,331 $113,781
2023 $27,719 $2,509,914 $2,398,364 $111,550
2022 $27,224 $2,460,701 $2,351,338 $109,363
2021 $26,840 $2,412,453 $2,305,234 $107,219
2019 $26,144 $2,340,900 $2,236,860 $104,040
2018 $25,264 $2,295,000 $2,193,000 $102,000
2016 $5,748 $450,392 $262,717 $187,675
2015 $5,648 $443,627 $258,771 $184,856
2014 $5,303 $434,938 $253,703 $181,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16170431

California Regional Multiple Listing Service (CRMLS)

APN: 4187-021-033