NOT LISTED FOR SALE

935 15th St Hermosa Beach, CA 90254

Estimated Value: $2,728,000

5 Beds
3 Baths
2,574 Sq Ft
$1,060/Sq Ft Est. Value

Last Sold September 06, 2016

Last sale price $1,700,000 $660 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $17,263/month

13 Days on Market

Highlights

  • Dual Staircase
  • Hermosa View Elementary School Rated A
  • Level Lot

About This Home

As of September 2016

Build two new homes! Opportunities await for this 5,672 sqft lot zoned R2! Many similar sized lots on this street feature 2 newer 3000 plus sqft. sized homes! Ocean view potential property. The property currently features 2 homes on 1 lot, the front house is two stories, 1,624 sqft with 3 bedrooms, 2 baths, large kitchen, formal living and a family room. The back unit is 900 sqft with 2 bedrooms, 1 bath built over an enlarged 3 car, extra deep garage. Buy now, collect rental income and build later! Please verify all information with Hermosa Beach building department.

Last Agent to Sell the Property

John DiMassa

Century 21 Union Realty License #00663430 Listed on: 06/02/2016

Co-Listed By

Tennille Allerheiligen

Century 21 Union Realty License #01958916

Last Buyer's Agent

Rami Elm

Beach City Brokers License #01434630

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,672 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 2,574 Sq Ft Home
  • Dual Staircase

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 4185007022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $24,400
  • Gross Income $1,800
  • Net Operating Income $14,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 4185007022
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 660.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Electric: Electricity - On Property
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5672.00
  • Price Per Lot Square Foot: 299.72

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 14040.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7560.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 24400.00
  • Tax Lot: 12
  • Tax Tract Number: ALLEN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2016
Sold by
Baran Frank J and Frank J & Nancy C Baran Family
Bought by
Beach City Capital Fund Llc
Current Estimated Value
$2,728,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
3.45%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Beach City Capital Fund Llc $1,700,000 Priority Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beach City Capital Fund Llc $5,947,000
Closed Beach City Capital Fund Llc $1,190,000
Previous Owner Beach City Capital Fund Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Sold $1,700,000 -12.8% $660 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $1,950,000 -- $758 / 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
2020 -- $2,647,593 $1,804,053 $843,540
2019 -- $1,974,720 $1,768,680 $206,040
2018 -- $1,734,000 $1,734,000 $0
2016 -- $120,278 $65,630 $54,648
2015 -- $118,473 $64,645 $53,828
2014 -- $116,153 $63,379 $52,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16121543

California Regional Multiple Listing Service (CRMLS)

APN: 4185-007-022