NOT LISTED FOR SALE

718 The Strand Hermosa Beach, CA 90254

Estimated Value: $5,978,695 - $7,620,000

3 Beds
4 Baths
3,081 Sq Ft
$2,151/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $6,363,000 $2,065 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $43,360/month

104 Days on Market

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Hermosa Valley Elementary School Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of February 2019

Located on The Strand in picturesque Hermosa Beach, this contemporary three-level home offers the very best of beachside living. The 3000+ sq ft, 3 bed, 4 bath home features sleek concrete, glass, and steel design that enables the home to fill with natural light on every level. An elegant main level offers a large chef's kitchen perfect for hosting large groups. The luxurious top-floor master suite has a fireplace, large walk-in closet, office area, private balcony, and spa-like bathroom with double showers and a steam room. A first level guest bedroom is used as a theatre and provides space for an extended family room. Formal dining and living rooms accompany the large beach level patio that is steps away from the sand. The home is wired for sound and a home theater. Just minutes from the Pier, village shops, and restaurants, this beachfront location has it all.

Last Agent to Sell the Property

Joshua Altman

Douglas Elliman of California, Inc. License #01764587 Listed on: 10/08/2018

Douglas Elliman of California, Inc.

Co-Listed By

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Last Buyer's Agent

Jennifer Henderson

License #02017762

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $74,647

Year Built

  • Built in 1999

Lot Details

  • 2,397 Sq Ft Lot
  • Property is zoned HBR3YY

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,081 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Ocean Views

Kitchen

  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4187-015-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$74,647

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Located on The Strand in picturesque Hermosa Beach, this contemporary three-level home offers the very best of beachside living. The 3000+ sqft, 3 bed, 4 bath home features sleek concrete, glass, and steel design that enables the home to fill with natural light on every level. An elegant main level offers a large chef's kitchen perfect for hosting large groups. The luxurious top-floor master suite has a fireplace, large walk-in closet, office area, private balcony, and spa-like bathroom with double showers and a steam room. A first level guest bedroom is used as a theatre and provides space for an extended family room. Formal dining and living rooms accompany the large beach level patio that is steps away from the sand. The home is wired for sound and a home theater. Just minutes from the Pier, village shops, and restaurants, this beachfront location has it all.
  • Living Area: 3081
  • Stories: 2
  • Year Built: 1999
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Ceramic Tile, Hardwood, Mixed, Stone Tile
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2270.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Direct Entrance, Door Opener, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4187-015-025
  • Geocode Override: No
  • Lot Size Area: 2397

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2019
Sold by
Najarian David
Bought by
Najarian David B and The David B Najarian Living Tr
Current Estimated Value
$6,816,034

Purchase Details

Listed on
Oct 8, 2018
Closed on
Jan 22, 2019
Sold by
Reyna Joe Anthony
Bought by
Najarian David
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Jennifer Henderson
List Price
$6,995,000
Sold Price
$6,363,000
Premium/Discount to List
-$632,000
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%
Original Mortgage
$4,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 22, 1996
Sold by
Inoue Fusako
Bought by
Reyna Joe Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.33%
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
Najarian David B -- None Available
Najarian David $6,363,000 Fidelity National Title
Reyna Joe Anthony $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Najarian David B $3,741,500
Closed Najarian David $4,000,000
Previous Owner Reyna Joe Anthony $600,000
Previous Owner Reyna Joe Anthony $1,600,000
Previous Owner Reyna Joe Anthony $2,300,000
Previous Owner Reyna Joe Anthony $1,014,000
Previous Owner Reyna Joe Anthony $1,010,000
Previous Owner Reyna Joe Anthony $2,010,000
Previous Owner Reyna Joe Anthony $2,000,000
Previous Owner Reyna Joe Anthony $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2019 02/26/19 Sold $6,363,000 -9.0% $2,065 / Sq Ft
01/20/2019 01/20/19 Pending -- -- --
10/08/2018 10/08/18 For Sale $6,995,000 -- $2,270 / Sq Ft
Source: The MLS

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 $74,647 $7,098,042 $6,874,941 $223,101
2024 $74,647 $6,958,866 $6,740,139 $218,727
2023 $73,088 $6,822,419 $6,607,980 $214,439
2022 $71,781 $6,688,647 $6,478,412 $210,235
2021 $70,427 $6,557,498 $6,351,385 $206,113
2019 $24,543 $2,228,362 $839,521 $1,388,841
2018 $23,747 $2,184,669 $823,060 $1,361,609
2016 $22,584 $2,099,837 $791,100 $1,308,737
2015 $22,155 $2,068,296 $779,217 $1,289,079
2014 $21,608 $2,027,782 $763,954 $1,263,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-393866

The MLS

APN: 4187-015-025