NOT LISTED FOR SALE

825 Manhattan Ave Hermosa Beach, CA 90254

Estimated Value: $2,941,000 - $2,974,171

5 Beds
5 Baths
2,925 Sq Ft
$1,011/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $2,180,000 $745 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $18,322/month

6 Days on Market

About This Home

As of September 2020

This home is located at 825 Manhattan Ave, Hermosa Beach, CA 90254 since 01 September 2020 and is currently estimated at $2,957,586, approximately $1,011 per square foot. This property was built in 1949. 825 Manhattan Ave is a home located in Los Angeles County with nearby schools including Hermosa Valley Elementary School, Hermosa View Elementary School, and Our Lady of Guadalupe School.

Last Agent to Sell the Property

Dunham Stewart

Vista Sotheby’s International Realty License #01006738 Listed on: 09/01/2020

Co-Listed By

Nicholas Schneider

Compass License #01867363

Last Buyer's Agent

Dunham Stewart

Vista Sotheby’s International Realty License #01006738 Listed on: 09/01/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,019

Year Built

  • Built in 1949

Lot Details

  • 3,000 Sq Ft Lot
  • Two or More Common Walls
  • Lot Sloped Down

Parking

  • 2 Car Garage

Home Design

  • 2,925 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 1564
  • Assessor Parcel Number 4187007010

Community Details

Overview

  • 5 Units

Recreation

  • Water Sports

Building Details

  • 5 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $407
  • Gardener Expense $290
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Pest Control $942
  • Professional Management Expense $8,665
  • Trash Expense $720
  • Water Sewer Expense $951
  • New Taxes Expense $22,488
  • Operating Expense $41,463
  • Gross Income $113,340
  • Net Operating Income $71,877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,019

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 8665.00
  • Property Attached: Yes
  • Water Sewer Expenses: 951.00
  • Zoning: HBR3YY
  • Property Type: Residential Income
  • Gardener Expense: 290.00
  • Parcel Number: 4187007010
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 745.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Pest Control Expense: 942.00
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Watersports, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size Sq Ft: 3000.00
  • Lot Size Acres: 0.0689

Multi Family

  • Electric Expense: 407.00
  • Gross Income: 113340.00
  • Gross Scheduled Income: 113340.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3000.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 71877.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 41463.00
  • Rent Control: No
  • Total Actual Rent: 9445.00
  • Total Expenses: 41463.00

Tax Info

  • New Taxes Expense: 22488.00
  • Tax Census Tract: 6211.04
  • Tax Lot: 12
  • Tax Tract Number: 1564

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Sep 10, 2020
Sold by
Riddle Amy J and Matthews Jacqueline E
Bought by
Kjam Investments Llc
Seller's Agent
Dunham Stewart
Vista Sotheby’s International Realty
Buyer's Agent
Dunham Stewart
Vista Sotheby’s International Realty
List Price
$1,799,000
Sold Price
$2,180,000
Premium/Discount to List
$381,000
21.18%
Current Estimated Value
$2,950,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$770,367
Avg. Annual Appreciation
6.41%
Original Mortgage
$1,230,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 1996
Sold by
Antletz Trust Antletz Robert E And Anne L Trs
Bought by
Antletz Anne Lee and The Antletz Exemption Trust
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
Kjam Investments Llc $2,180,000 Usa National Title Co
Antletz Anne Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kjam Investments Llc $1,245,000
Closed Kjam Investments Llc $1,230,000
Closed Kjam Investments Llc $1,526,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2020 09/17/20 Sold $2,180,000 +9.0% $745 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
09/03/2020 09/03/20 Price Changed $2,000,000 +11.2% $684 / Sq Ft
09/01/2020 09/01/20 For Sale $1,799,000 -- $615 / 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 $26,019 $2,359,699 $2,273,106 $86,593
2024 $26,019 $2,313,432 $2,228,536 $84,896
2023 $25,496 $2,268,072 $2,184,840 $83,232
2022 $29,537 $2,646,900 $2,550,000 $96,900
2021 $29,155 $2,595,000 $2,500,000 $95,000
2020 $4,089 $202,161 $116,100 $86,061
2019 $3,711 $198,207 $113,824 $84,383
2018 $3,589 $194,331 $111,593 $82,738
2016 $3,343 $186,354 $107,260 $79,094
2015 $3,155 $183,555 $105,649 $77,906
2014 $2,941 $179,960 $103,580 $76,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20180519

California Regional Multiple Listing Service (CRMLS)

APN: 4187-007-010