NOT LISTED FOR SALE

Estimated Value: $2,900,000 - $3,549,292

8 Beds
8 Baths
4,930 Sq Ft
$650/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $3,325,000 $674 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $20,232/month

20 Days on Market

Highlights

  • 8 Car Garage
  • 1-Story Property
  • 1-minute walk to Bi-Centennial Park
  • Hermosa Valley Elementary School Rated A

About This Home

As of April 2023

We are pleased to present, as an exclusive advisor, 630 3rd St, a 4 unit in the highly desirable Hermosa Beach submarket. The property is west of PCH and seconds from the Green Belt. The building is estimated 4,930 sqft with massive units . Each unit is a 2b/2b townhome with two garages per unit. A new owner can benefit from a rare coastal market acquisition, newer construction relative to other properties in the area, a nice building that can be taken a "step further", and a low price per foot compared to other sales in the beach cities. Two units have been renovated, all new windows, electrical, plumbing, newer roof, railings, and more. The property is fully occupied and estimated 43% upside in rents.

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 03/01/2023

Last Buyer's Agent

Fatima Jen

License #01145247

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 4,843 Sq Ft Lot
  • Lot Dimensions are 40x115

Parking

  • 8 Car Garage

Interior Spaces

  • 4,930 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4188-028-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

4,843 Sq Ft Lot

Parking

8

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4930
  • Lot Acreage: 0.1112
  • Lot Dimensions: 40x115
  • Stories: 1
  • Year Built: 1986
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven, Refrigerator, Dishwasher
  • Price Per S Q F T: 684.58

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 8
  • Parking Garage: Garage
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 14.45
  • Assessed Improvement Value: 420470
  • Assessed Land Percent: 85.55
  • Assessed Land Value: 2489926
  • Total Assessed Value: 2910396
  • Assessor Parcel Number: 4188-028-042
  • Lot Size Area: 4843

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.81
  • Number Of Units: 4
  • Type Of Units: Standard
  • Vacancy Allow Percent: 0.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 21, 2023
Sold by
Sunshine Coast Llc
Bought by
Juliet Kilo Llc
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Fatima Jen
List Price
$3,375,000
Sold Price
$3,325,000
Premium/Discount to List
-$50,000
-1.48%
Views
20
Current Estimated Value
$3,206,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,903
Avg. Annual Appreciation
-1.22%

Purchase Details

Listed on
Feb 13, 2019
Closed on
Mar 27, 2019
Sold by
Mckinley Iris L
Bought by
Sunshine Coast Llc
Seller's Agent
Gary Stager
Estate Properties
Buyer's Agent
Adam Barshay
Barshay Real Estate, Inc.
List Price
$3,100,000
Sold Price
$2,768,700
Premium/Discount to List
-$331,300
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%

Purchase Details

Closed on
Jul 30, 1997
Sold by
Mckinley David R
Bought by
Mckinley Iris L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
3.7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Juliet Kilo Llc $3,325,000 Old Republic Title
Sunshine Coast Llc $2,769,000 Progressive Title
Mckinley Iris L -- Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckinley Iris L $517,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2023 04/10/23 Sold $3,325,000 -1.5% $674 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $3,375,000 +21.9% $685 / Sq Ft
03/29/2019 03/29/19 Sold $2,768,700 -10.7% $554 / Sq Ft View Prior Sale
03/08/2019 03/08/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $3,100,000 -- $620 / Sq Ft
Source: The MLS

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 $37,202 $3,459,330 $2,913,120 $546,210
2024 $37,202 $3,391,500 $2,856,000 $535,500
2023 $32,663 $2,968,603 $2,539,724 $428,879
2022 $32,079 $2,910,396 $2,489,926 $420,470
2021 $31,588 $2,853,330 $2,441,104 $412,226
2019 $11,802 $987,670 $644,130 $343,540
2018 $11,373 $968,304 $631,500 $336,804
2016 $10,787 $930,705 $606,979 $323,726
2015 $10,589 $916,726 $597,862 $318,864
2014 $10,145 $898,769 $586,151 $312,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-246495

The MLS

APN: 4188-028-042

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