NOT LISTED FOR SALE

827 Cypress Ave Hermosa Beach, CA 90254

Estimated Value: $1,777,000 - $2,091,000

2 Beds
1 Bath
1,488 Sq Ft
$1,281/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $1,550,000 $1,042 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $11,242/month

Highlights

  • Cul-De-Sac
  • Laundry Room
  • 5-minute walk to Ardmore Park
  • Hermosa Valley Elementary School Rated A
  • 1-Story Property

About This Home

As of February 2022

This duplex in the Sand Section of South Hermosa Beach is located just doors from Clark Field and the Green Belt and several blocks from the Sun, Surf, Sand & The Strand. Attached 2-car garage at the front. Property is buildable for 2 townhouses. Each unit has 2 beds and 1 bath.

Last Agent to Sell the Property

Alex Smith

eXp Realty of California Inc License #01859768 Listed on: 02/16/2022

eXp Realty of California Inc

Last Buyer's Agent

Alexis Smith

eXp Realty of Northern California, Inc. License #02055670

eXp Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 2,992 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Front Facing Garage

Home Design

  • Duplex

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 1677
  • Assessor Parcel Number 4187014018

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $160
  • Water Sewer Expense $704
  • New Taxes Expense $19,375
  • Operating Expense $21,439
  • Gross Income $48,000
  • Net Operating Income $26,561

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 704.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4187014018
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 1041.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 160.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 2992.00
  • Lot Size Acres: 0.0687

Multi Family

  • Average2 Bed Area: 744 Square Feet
  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2992.0000 Square Feet
  • Net Operating Income: 26561.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 21439.00
  • Rent Control: Yes
  • Total Actual Rent: 48000.00
  • Total Expenses: 21439.00

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Lot: 14
  • Tax Tract Number: 1677

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Feb 11, 2022
Sold by
Stephens S And Kathryn M Troeger Living
Bought by
Johnson Cory
Seller's Agent
Alex Smith
eXp Realty of California Inc
Buyer's Agent
Alex Smith
eXp Realty of California Inc
List Price
$1,450,000
Sold Price
$1,550,000
Premium/Discount to List
$100,000
6.9%
Current Estimated Value
$1,906,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,827
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,240,000
Outstanding Balance
$1,149,238
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$757,589

Purchase Details

Closed on
May 18, 2011
Sold by
Troeger Stephen S
Bought by
Troeger Stephens S and Troeger Kathryn M

Purchase Details

Closed on
Mar 5, 2008
Sold by
Troeger Stephen S
Bought by
Troeger Stephens S and Troeger Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,600
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2003
Sold by
Keasler Trace P
Bought by
Troeger Stephen S and Troeger Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2003
Sold by
Smith M Duane
Bought by
Smith Leslie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1997
Sold by
Hudgins Walter P
Bought by
Keasler Trace P and Smith Leslie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Cory $1,550,000 Chicago Title
Johnson Cory $1,550,000 Chicago Title
Troeger Stephens S -- None Available
Troeger Stephens S -- Chicago Title Company
Troeger Stephen S $685,000 North American Title Co
Smith Leslie K -- North American Title Co
Keasler Trace P $328,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Cory $1,240,000
Closed Johnson Cory $1,240,000
Previous Owner Troeger Stephens S $533,600
Previous Owner Troeger Stephen S $395,000
Previous Owner Keasler Trace P $295,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $1,550,000 +6.9% $1,042 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $1,450,000 -- $974 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,853 $1,644,871 $1,273,449 $371,422
2024 $15,853 $1,612,620 $1,248,480 $364,140
2023 $15,586 $1,581,000 $1,224,000 $357,000
2022 $10,455 $934,869 $771,103 $163,766
2021 $10,321 $916,539 $755,984 $160,555
2020 $10,263 $907,142 $748,233 $158,909
2019 $10,055 $889,356 $733,562 $155,794
2018 $9,699 $871,919 $719,179 $152,740
2016 $9,224 $838,063 $691,253 $146,810
2015 $9,049 $825,475 $680,870 $144,605
2014 $8,749 $809,306 $667,533 $141,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22018610

California Regional Multiple Listing Service (CRMLS)

APN: 4187-014-018