NOT LISTED FOR SALE

817 18th St Hermosa Beach, CA 90254

Estimated Value: $2,485,000 - $3,207,284

6 Beds
4 Baths
2,400 Sq Ft
$1,215/Sq Ft Est. Value

Last Sold March 07, 2018

Last sale price $1,812,000 $755 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $17,689/month

26 Days on Market

Highlights

  • Ocean View
  • Balcony
  • Forced Air Heating System
  • Hermosa View Elementary School Rated A
  • Laundry Room
  • 3-minute walk to Sea View Parkette

About This Home

As of March 2018

Investors... Here is what you've been waiting for. 817/819 18th Street is a great opportunity to purchase a completely remodeled duplex nestled in the Hermosa Hills with panoramic ocean view from Catalina to Malibu from both units. Just a short walk to downtown Hermosa and the beach, and conveniently located to shops, coffee houses, restaurants, and award winning schools. These townhouse style units will command top rents and long term tenants with its high end fixtures and finishes. New stainless steel appliances with white quartz countertops and high quality cabinets and flooring throughout. Front unit features oversized deck with ocean views - perfect for outdoor entertaining and bbq'ing. Back unit features enclosed, back yard/patio area with ocean view deck off the upstairs family room. Property features 3 single extra deep garages with 3 additional spaces for parking up to 6 cars. There is no shortage of storage and closet space. You don't want to miss this opportunity.

Last Agent to Sell the Property

Daniel Lemieux

Estate Properties License #01245730 Listed on: 01/10/2018

Estate Properties

Co-Listed By

Lisa Stott

Estate Properties License #01442582

Last Buyer's Agent

Steven Mullins

Vista Sotheby’s International Realty License #01487977

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,043

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 2,498 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Gentle Sloping Lot
  • Back Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Property Views

  • Ocean
  • Catalina
  • City Lights

Home Design

  • 2,400 Sq Ft Home
  • Duplex
  • Flat Roof Shape

Kitchen

  • Built-In Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 4184012027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,043

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: HBR3*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4184012027
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 755.00

Exterior Features

  • View: Catalina, City Lights, Ocean
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Cooktop, Ice Maker, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Gentle Sloping
  • Lot Size Sq Ft: 2498.00

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6210.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2018
Closed on
Feb 8, 2018
Sold by
817 18Th Llc
Bought by
Chespak Christopher and Chespak Lauren
Seller's Agent
Daniel Lemieux
Estate Properties
Buyer's Agent
Steven Mullins
Vista Sotheby’s International Realty
List Price
$1,899,000
Sold Price
$1,812,000
Premium/Discount to List
-$87,000
-4.58%
Current Estimated Value
$2,915,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,103,071
Avg. Annual Appreciation
5.70%
Original Mortgage
$1,359,000
Outstanding Balance
$1,160,732
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$1,586,295

Purchase Details

Closed on
Sep 6, 2017
Sold by
Lemieux Daniel
Bought by
817 18Th St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2017
Sold by
Kainz Walter S and The Marianne Zella Kainz Trust
Bought by
Lemieux Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2017
Sold by
Kainz Walter S and The Kainz Family Trust
Bought by
Kainz Walter S and The Marianne Zella Kainz Trust

Purchase Details

Closed on
May 25, 2017
Sold by
Kainz Walter S and The Marianne Zella Kainz Trust
Bought by
Lemieuz Daniel

Purchase Details

Closed on
Oct 21, 2008
Sold by
Kainz Marianne Z and Kainz Walter S
Bought by
Kainz Marriane Zella and The Marianne Zella Kainz Trust

Purchase Details

Closed on
Dec 4, 2001
Sold by
Kainz Walter S
Bought by
Kainz Marianne Z and Kainz Walter S
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
Chespak Christopher $1,812,000 Usa National Title Company
817 18Th St Llc -- Usa National Title Co
Lemieux Daniel $1,205,000 Usa National Title Co
Kainz Walter S -- None Available
Lemieuz Daniel $1,205,000 Usa National Title Company
Kainz Marriane Zella -- None Available
Kainz Marianne Z -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chespak Christopher $1,359,000
Previous Owner 817 18Th St Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2018 03/07/18 Sold $1,812,000 -4.6% $755 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $1,899,000 -- $791 / 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 $22,043 $2,061,742 $1,024,044 $1,037,698
2024 $22,043 $2,021,316 $1,003,965 $1,017,351
2023 $21,591 $1,981,683 $984,280 $997,403
2022 $21,204 $1,942,828 $964,981 $977,847
2021 $20,854 $1,904,734 $946,060 $958,674
2019 $20,308 $1,848,240 $918,000 $930,240
2018 $13,502 $1,229,100 $729,300 $499,800
2016 $1,617 $111,377 $36,838 $74,539
2015 $1,590 $109,705 $36,285 $73,420
2014 $1,443 $107,557 $35,575 $71,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18006152

California Regional Multiple Listing Service (CRMLS)

APN: 4184-012-027