W
Seller's Agent in 2023
Whitney Donahue
Thompson Team Real Estate, Inc.
(310) 493-2177
1 in this area
3 Total Sales
Estimated Value: $3,314,000 - $5,383,000
4
Beds
4
Baths
2,894
Sq Ft
$1,543/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- No HOA
- Hermosa Valley Elementary School Rated A
- Property has ocean access
- Laundry Room
About This Home
As of June 2023Here is your opportunity to own a slice of paradise in Hermosa Beach. Located south of the Hermosa Beach pier, close enough to enjoy restaurants and shops on Pier Plaza, far enough to relax and take in the sunset. The building contains four 1-bedroom, 1-bathroom units that have been moderately updated with 3 parking spots off the alley. Investment opportunity for units at this price or build your own unit with rentals off the back, buyer to confirm permits with city.
Last Agent to Sell the Property
Thompson Team Real Estate, Inc. License #01882090 Listed on: 11/10/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913 | Remodeled
Lot Details
- 2,393 Sq Ft Lot
- Beach Front
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Bungalow
- Quadruplex
- Cosmetic Repairs Needed
Interior Spaces
- 2,894 Sq Ft Home
- 2-Story Property
- Ocean Views
- Gas Range
- Laundry Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Property has ocean access
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV
- Legal Lot and Block 5 / 9
- Tax Tract Number 500
- Assessor Parcel Number 4187002005
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Water Sports
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,176
- Fuel Expense $1,069
- Insurance Expense $1,746
- Pest Control $600
- Trash Expense $2,484
- Water Sewer Expense $950
- New Taxes Expense $68,750
- Operating Expense $78,114
- Gross Income $141,600
- Net Operating Income $63,486
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2022
Closed on
May 22, 2023
Sold by
William E Lysle Established Trust
Bought by
Hermosa Beach Strand Llc
Seller's Agent
Whitney Donahue
Thompson Team Real Estate, Inc.
Buyer's Agent
Ed Kaminsky
eXp Realty of California, Inc
List Price
$5,499,000
Sold Price
$4,600,000
Premium/Discount to List
-$899,000
-16.35%
Views
148
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$135,218
Avg. Annual Appreciation
-1.17%
Original Mortgage
$2,760,000
Outstanding Balance
$2,683,813
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,780,969
Purchase Details
Closed on
May 16, 2018
Sold by
Lysle Christine Donahue
Bought by
Lysle William E
Purchase Details
Closed on
May 4, 2018
Sold by
Lysle William E and Lightboum Sam
Bought by
Lysle William E and Lysle Estateblished William E
Purchase Details
Closed on
Jun 25, 2004
Sold by
Lysle William E and Lightbourn Sam
Bought by
Lysle William E and William E Lysle Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 2000
Sold by
Lightbourn Sam
Bought by
Lightbourn Sam and Sam Lightbourn Living Trust
Purchase Details
Closed on
Jul 20, 2000
Sold by
Lysle William E
Bought by
Lysle William E and William E Lysle Trust
Purchase Details
Closed on
Mar 14, 1977
Sold by
Lightbourn Sam
Bought by
Lysle William E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hermosa Beach Strand Llc | $4,600,000 | Usa National Title | |
| Lysle William E | -- | None Available | |
| Lysle William E | -- | None Available | |
| Lightbourn Sam | -- | None Available | |
| Lysle William E | -- | -- | |
| Lysle William E | -- | Investors Title Company | |
| Lightbourn Sam | -- | -- | |
| Lysle William E | -- | -- | |
| Lysle William E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hermosa Beach Strand Llc | $2,760,000 | |
| Previous Owner | Lysle William E | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/09/2023 06/09/23 | Sold | $4,600,000 | -16.3% | $1,589 / Sq Ft |
| 11/10/2022 11/10/22 | For Sale | $5,499,000 | -- | $1,900 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $50,806 | $4,785,840 | $4,681,800 | $104,040 |
| 2024 | $50,806 | $4,692,000 | $4,590,000 | $102,000 |
| 2023 | $9,144 | $767,760 | $637,512 | $130,248 |
| 2022 | $8,981 | $752,707 | $625,012 | $127,695 |
| 2021 | $8,955 | $737,949 | $612,757 | $125,192 |
| 2019 | $8,732 | $716,523 | $594,583 | $121,940 |
| 2018 | $8,440 | $702,484 | $582,925 | $119,559 |
| 2016 | $8,019 | $674,766 | $560,291 | $114,475 |
| 2015 | $7,873 | $664,631 | $551,875 | $112,756 |
| 2014 | $7,481 | $651,613 | $541,065 | $110,548 |
Source: Public Records
Agents Affiliated with this Home
-
Whitney Donahue
-
Greg Fabian
Seller Co-Listing Agent in 2023
Greg Fabian
Thompson Team Real Estate, Inc.
(310) 493-2177
2 in this area
19 Total Sales
-
Ed Kaminsky
Buyer's Agent in 2023
Ed Kaminsky
eXp Realty of California, Inc
(310) 465-3993
31 in this area
503 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22237678
APN: 4187-002-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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