NOT LISTED FOR SALE

Estimated Value: $2,756,538 - $3,106,000

6 Beds
4 Baths
2,680 Sq Ft
$1,077/Sq Ft Est. Value

Last Sold February 01, 2018

Last sale price $1,999,000 $746 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $17,779/month

Highlights

  • Open Floorplan
  • Granite Countertops
  • Double Door Entry
  • Hermosa Valley Elementary School Rated A
  • No HOA
  • Living Room

About This Home

As of February 2018

Great triplex in Hermosa Beach, West of PCH, in very good condition, with 2,680 sqft, and it sits on a 4,600 sqft lot! All units are townhome style with nobody above or below each unit. All have own laundry hook-ups (#2 includes new front load washer/dryer). All have a 2-car garage with auto openers (that’s 6 enclosed garages at the beach!) Quiet part of Hermosa with convenient access to everything. Could easily be used as an owner occupied in any of the 3 units with plenty of rental income! Lots of upgrades throughout. Unit #1 in the front is a 3 bdrm, 2.5 baths, ~1,180 sqft, completely remodeled kitchen, tile floors downstairs (living, dining, kitchen, laundry, ½ bath), all bedrooms are upstairs with a master suite, newer Milgard vinyl windows & 2” vinyl blinds throughout, slate patio in the front! Unit #2 in the middle is a 2 bdrm, 1 ½ baths, ~900 sqft, remodeled kitchen, tile floors downstairs (living, dining, kitchen, laundry, ½ bath), 2 new vinyl windows & 2” vinyl blinds downstairs, both bedrooms upstairs. Unit #3 at the upper rear is a 1 bdrm, 1 bath, ~600 sqft, remodeled kitchen, tile floors in living, dining, & kitchen, plantation shutters, and laundry in private garage. Separate electric meters. All units are occupied. See photos for further descriptions.

Last Agent to Sell the Property

Karen Lucas

Estate Properties License #01049036 Listed on: 12/28/2017

Estate Properties

Last Buyer's Agent

Rob McGarry

Vista Sotheby’s International Realty License #01356525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,578

Year Built

  • Built in 1974

Lot Details

  • 4,600 Sq Ft Lot
  • Lot Dimensions are 40x115
  • 1 Common Wall
  • South Facing Home
  • Fenced
  • Fence is in good condition
  • Side Yard Sprinklers

Parking

  • 6 Car Garage
  • Parking Available
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Pre-Cast Concrete Construction
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,680 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Awning
  • Insulated Windows
  • Blinds
  • Window Screens
  • Double Door Entry
  • Living Room

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Space Heater
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, telephone
  • Tax Lot 137
  • Tax Tract Number 4188
  • Assessor Parcel Number 4188023025

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $540
  • Insurance Expense $1,660
  • Maintenance Expense $1,500
  • Trash Expense $810
  • Water Sewer Expense $1,140
  • New Taxes Expense $27,500
  • Operating Expense $33,630
  • Gross Income $92,538
  • Net Operating Income $58,908

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,578

Year Built

Built in 1974

Lot Details

0

Parking

6

Listing Details

  • CapRate: 2.95
  • Price Per Unit: 733333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1140.00
  • Zoning: HBR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4188023025
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 745.90
  • Room Type: Laundry, Living Room, Master Bathroom
  • Window Features: Blinds, Insulated Windows, Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Flat, Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Door Opener
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Range Hood, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Space Heater
  • Laundry Features: Electric Dryer Hookup, In Garage, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 810.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers On Side
  • Lot Size: 40x115
  • Lot Size Sq Ft: 4600.00

Rental Info

  • Tenant Pays: Electricity, Telephone

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1180 Square Feet
  • Electric Expense: 480.00
  • Fuel Expense: 540.00
  • Gross Multiplier: 20.95
  • Gross Operating Income: 92538.00
  • Gross Scheduled Income: 95400.00
  • Insurance Expense: 1660.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 58908.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 33630.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 7950.00
  • Total Expenses: 33630.00
  • Vacancy Allowance: 2862
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Area: 4340
  • Tax Census Tract: 6211.04
  • Tax Lot: 137
  • Tax Tract Number: 4188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2024
Sold by
Liou Tony and Liou Elisabeth Kulinski
Bought by
639 1St Street Liou Family Llc
Current Estimated Value
$2,887,135

Purchase Details

Closed on
Aug 7, 2017
Sold by
Lucas Guy
Bought by
Lucas Guy and The Guy Lucas Living Trust

Purchase Details

Closed on
Jan 17, 2017
Sold by
Lucas Guy and Guy Lucas
Bought by
Lucas Guy

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
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2016
Sold by
Lucas Guy and Guy Lucas Living Trust
Bought by
Liou Tony and Liou Elisabeth Kulinsk

Purchase Details

Closed on
Oct 11, 2012
Sold by
Lucas Guy
Bought by
Lucas Guy and Guy Lucas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Lucas Guy
Bought by
Lucas Guy and Guy & Nicole T Lucas Family Tr

Purchase Details

Closed on
Nov 19, 2009
Sold by
Lucas Guy and Guy & Nicole T Lucas Family Tr
Bought by
Lucas Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2003
Sold by
Lucas Guy
Bought by
Lucas Guy and The Guy & Nicole T Lucas Famil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2003
Sold by
Lucas Guy and The Guy & Nicole T Lucas Famil
Bought by
Lucas Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1994
Sold by
Lucas Guy
Bought by
Lucas Guy
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
639 1St Street Liou Family Llc -- None Listed On Document
639 1St Street Liou Family Llc -- None Listed On Document
Liou Ming Kung -- None Listed On Document
Lucas Guy -- None Available
Lucas Guy -- First American Title Company
Liou Tony $1,999,000 Progressive Title
Lucas Guy -- Orange Coast Title Company
Lucas Guy -- Accommodation
Lucas Guy -- Ticor Title Tustin Orange Co
Lucas Guy -- Accommodation
Lucas Guy -- Nations Title Company Of Ca
Lucas Guy -- Southland Title Corporation
Lucas Guy -- Southland Title
Lucas Guy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucas Guy $490,000
Previous Owner Lucas Guy $390,000
Previous Owner Lucas Guy $300,000
Previous Owner Lucas Guy $275,000
Previous Owner Lucas Guy $221,600
Previous Owner Lucas Guy $231,000
Previous Owner Lucas Guy $236,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2018 02/01/18 Sold $1,999,000 0.0% $746 / Sq Ft
12/28/2017 12/28/17 Pending -- -- --
12/28/2017 12/28/17 For Sale $1,999,000 -- $746 / 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 $24,578 $2,274,517 $1,933,170 $341,347
2024 $24,578 $2,229,919 $1,895,265 $334,654
2023 $24,077 $2,186,196 $1,858,103 $328,093
2022 $23,648 $2,143,330 $1,821,670 $321,660
2021 $23,296 $2,101,304 $1,785,951 $315,353
2019 $22,691 $2,038,980 $1,732,980 $306,000
2018 $6,889 $571,363 $469,289 $102,074
2016 $6,543 $549,178 $451,067 $98,111
2015 $6,425 $540,930 $444,292 $96,638
2014 $6,124 $530,334 $435,589 $94,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18024010

California Regional Multiple Listing Service (CRMLS)

APN: 4188-023-025