NOT LISTED FOR SALE

703 4th St Unit B Hermosa Beach, CA 90254

Estimated Value: $1,556,000 - $1,681,460

2 Beds
2.5 Baths
1,491 Sq Ft
$1,079/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $1,410,000 $946 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,060/month

68 Days on Market

Highlights

  • Ocean View
  • No Units Above
  • Deck
  • Hermosa View Elementary School Rated A
  • 0.32 Acre Lot
  • 2-minute walk to Bi-Centennial Park

About This Home

As of August 2023

MOTIVATED SELLER! WOW, $1,425,000, FEW SHORT BLOCKS TO WATER AND SAND!
Welcome to beach living! Here is a beautiful and immaculate home in the coveted beach area of Hermosa Beach. There are two bedrooms plus a spacious loft currently being used as an office + home gym. Previous owner used loft as a bedroom. The owner's suite has an ensuite bathroom with a walk-in shower. Adjacent to the secondary bedroom is a full bathroom, and a half bath and laundry room sit off the main living area. Thoughtful and gorgeous upgrades make this a Paradise to come home to: Wide Plank European Oak flooring throughout, Reclaimed Italian brick in the kitchen, a designer ductless vent hood, waterfall counters, apron sink, AC mini split, HVAC heater, mostly new appliances and more! Take in the views of Malibu from the living room deck and ocean views from the Loft. The sunsets are outstanding! HOA fees cover water, trash, exterior maintenance, and pest control.
listed for Sale OR Lease**

Last Agent to Sell the Property

Suzanne Rampe

Strand Hill Properties License #01916496 Listed on: 04/27/2023

Co-Listed By

Fred Zuelich

eXp Realty of California Inc License #00669414

Last Buyer's Agent

Nina Wratschko

The Realestate Group License #01231463

The Realestate Group

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $15,299

Year Built

  • Built in 1978

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Carport
  • Parking Available

Property Views

  • Ocean
  • Coastline

Home Design

  • Common Roof

Interior Spaces

  • 1,491 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room
  • Storage
  • Laundry Room

Kitchen

  • Open to Family Room
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-in Shower

Outdoor Features

  • Deck
  • Patio

Schools

  • Valley Middle School
  • Mira Costa High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 26438
  • Assessor Parcel Number 4188031046

Community Details

Overview

  • 8 Units
  • 4Th St Estates Association, Phone Number (310) 303-9705
  • Kathy Kramer HOA

Recreation

  • Park
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$15,299

Year Built

Built in 1978

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: some potted plants if desired
  • Property Attached: Yes
  • View: Yes
  • Zoning: HBR3*
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 4188031046
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1491.00 Square Feet
  • Interior Amenities: Built-in Features, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 945.67
  • Room Type: Bonus Room
  • Bathroom Features: Shower
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Coastline, Ocean
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 400.00
  • Association Fee Frequency: Monthly
  • Association Name: 4th st estates association
  • Phone: 310-303-9705
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Park
  • Association Management: Kathy Kramer

Schools

  • School District: Hermosa
  • Middle School: Valley
  • High School: Mira Costa
  • High School: Mira Costa
  • Middle Or Junior School: Valley
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 14088.00
  • Lot Size Acres: 0.3234

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14088.0000 Square Feet
  • Number Of Units In Community: 8
  • Number Of Units Total: 8

Tax Info

  • Tax Census Tract: 6211.04
  • Tax Lot: 1
  • Tax Tract Number: 26438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jul 6, 2023
Sold by
Mourning Daniel and Mourning Jacqueline
Bought by
Hardison Lucas and Wratschko Karina
Seller's Agent
Suzanne Rampe
Strand Hill Properties
Buyer's Agent
Nina Wratschko
The Realestate Group
List Price
$1,599,000
Sold Price
$1,410,000
Premium/Discount to List
-$189,000
-11.82%
Views
87
Current Estimated Value
$1,579,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,901
Avg. Annual Appreciation
6.80%
Original Mortgage
$1,128,000
Outstanding Balance
$1,102,747
Interest Rate
6.67%
Mortgage Type
Construction
Estimated Equity
$506,618

Purchase Details

Listed on
Jan 14, 2021
Closed on
May 20, 2021
Sold by
Orsi Michelle Lynne and Michelle Lynne Orsi Trust
Bought by
Mourning Daniel and Mourning Jacqueline
Seller's Agent
Harold Wallof
eXp Realty of California Inc
Buyer's Agent
Suzanne Rampe
Strand Hill Properties
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$660,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2019
Sold by
Orsi Michelle Lynne
Bought by
Orsi Michelle Lynne and Michelle Lynne Orsi Trust

Purchase Details

Closed on
Mar 11, 2019
Sold by
Orsi Michelle Lynne and Michelle Lynne Orsi Trust
Bought by
Orsi Michelle Lynne

Purchase Details

Closed on
Aug 10, 2015
Sold by
Orsi Michelle Lynne
Bought by
Orsi Michelle Lynne and Michelle Lynne Orsi Trust

Purchase Details

Closed on
May 10, 2006
Sold by
Delprete Stephen and Delprete Del Prete
Bought by
Orsi Michelle Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Stewart Reid A and Scott Janet E
Bought by
Delpreto Stephen and Zusmer Liza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
4.87%

Purchase Details

Closed on
Apr 27, 1995
Sold by
Faelten Eion M and Faelten Lui P
Bought by
Stewart Reid A and Scott Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
8.36%
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
Hardison Lucas $1,410,000 Orange Coast Title Company
Mourning Daniel $1,200,000 Usa National Title Company
Orsi Michelle Lynne -- None Available
Orsi Michelle Lynne -- None Available
Orsi Michelle Lynne -- None Available
Orsi Michelle Lynne $790,000 Gateway Title Company
Delpreto Stephen $502,500 First American Title Co
Stewart Reid A $225,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardison Lucas $1,128,000
Previous Owner Mourning Daniel $660,000
Previous Owner Orsi Michelle Lynne $168,750
Previous Owner Orsi Michelle Lynne $627,000
Previous Owner Orsi Michelle Lynne $672,000
Previous Owner Orsi Michelle Lynne $632,000
Previous Owner Delprete Stephen $250,000
Previous Owner Delprete Stephen $402,000
Previous Owner Delprete Stephen $60,000
Previous Owner Delpreto Stephen $402,000
Previous Owner Stewart Reid A $189,000
Previous Owner Stewart Reid A $196,000
Previous Owner Stewart Reid A $213,750
Closed Delpreto Stephen $50,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $1,410,000 -1.1% $946 / Sq Ft
06/26/2023 06/26/23 Price Changed $1,425,000 -4.9% $956 / Sq Ft
06/08/2023 06/08/23 Price Changed $1,499,000 -3.0% $1,005 / Sq Ft
05/31/2023 05/31/23 Price Changed $1,545,000 -3.4% $1,036 / Sq Ft
04/27/2023 04/27/23 For Sale $1,599,000 +33.3% $1,072 / Sq Ft
05/28/2021 05/28/21 Sold $1,200,000 +0.1% $750 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/22/2021 04/22/21 Price Changed $1,199,000 -3.7% $749 / Sq Ft
04/15/2021 04/15/21 Price Changed $1,245,000 -0.4% $778 / Sq Ft
03/24/2021 03/24/21 Price Changed $1,250,000 -3.8% $781 / Sq Ft
02/05/2021 02/05/21 Price Changed $1,299,000 -3.8% $812 / Sq Ft
01/14/2021 01/14/21 For Sale $1,350,000 -- $844 / 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 $15,299 $1,438,200 $1,150,560 $287,640
2024 $15,299 $1,410,000 $1,128,000 $282,000
2023 $13,565 $1,248,480 $998,784 $249,696
2022 $13,321 $1,224,000 $979,200 $244,800
2021 $10,946 $997,372 $757,501 $239,871
2020 $10,883 $987,146 $749,734 $237,412
2019 $10,658 $967,791 $735,034 $232,757
2018 $10,300 $948,816 $720,622 $228,194
2016 $8,883 $825,000 $626,500 $198,500
2015 $7,390 $685,000 $520,200 $164,800
2014 $7,920 $747,000 $567,300 $179,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23070770

California Regional Multiple Listing Service (CRMLS)

APN: 4188-031-046