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32 16th St, Hermosa Beach, CA 90254
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32 16th St Hermosa Beach, CA 90254

$4,200,000 Sold Price as of 08/01/2022
  • 6 Beds
  • 7 Baths
  • 3,786 Sq.Ft.
Sold
$4,200,000 Sold Price as of 08/01/2022 Refinance Your Mortgage
Map preview of 32 16th St, Hermosa Beach, CA 90254

Property Overview: 32 16th St Hermosa Beach, CA has 6 bedrooms, 7 bathrooms, 3,786 living square feet and 3,531 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 32 16th Street is a well-positioned 7-Unit building located on a walk street in prime Hermosa Beach only 3 parcels from the Strand. Built in 1923, the 3,786 SF building sits on a 3,531 SF lot, and features (6) 1-bed/1-bath units, and (1) 0-bed/1-bath unit. The building offers strong rental upside in a high demand area with a market cap of 4.30%. The property also includes on-site laundry and 3 single-car garages with a courtyard in between the buildings. Given the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

Listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Brett Lyon | BRE #01717818 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 1 minute ago | Last updated: March 21st, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
3,531
HOA Dues
$0/mo
Year built
1923
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB22135138
City
Hermosa Beach
County
Los Angeles
Time on Site
674 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,566
  • Total Rent: $1,566
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,458
  • Total Rent: $1,458
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,663
  • Total Rent: $1,633
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,080
  • Total Rent: $3,080
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,788
  • Total Rent: $1,788
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.29%
  • Gross Rent Multiplier: 24.39
  • Gross Scheduled Income: $172,190
  • Net Operating Income: $96,074
  • Gross Operating Income: $165,276
Annual Expense Breakdown
  • Total Operating Expense: $76,116
  • Gas/Fuel: $0
  • New Taxes: $46,655
  • Trash: $2,000
  • Gardener: $1,200
  • Insurance: $1,514
  • Maintenance: $5,166
  • Professional Management: $13,200
  • Water/Sewer: $3,600

Property Details for 32 16th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 4183005028
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 3 Parcels from the Strand
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Hermosa Beach Agent

Sale History for 32 16th St

Last sold for $4,200,000 on August 1st, 2022

  • August, 2022

  • Aug 1, 2022

    Date

    Sold

    CRMLS: SB22135138

    $4,200,000

    Price

  • Jun 21, 2022

    Date

    Active

    CRMLS: SB22135138

    $4,200,000

    Price

  • March, 2021

  • Mar 17, 2021

    Date

    Leased

    CRMLS: PW21036651

    $1,625

    Price

  • Mar 8, 2021

    Date

    Pending

    CRMLS: PW21036651

    $1,675

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: PW21036651

    $1,675

    Price

  • Listing provided courtesy of CRMLS

    Cozy studio steps from The Strand and the beach. Walking distance to Pier Avenue, restaurants, shopping & entertainment. Newer carpet, and paint. Parking not included, but residential permits can be purchased from the City for $40/year. Shared laundry on site, and storage space for this unit. Owner pays water, and trash.

  • August, 2020

  • Aug 24, 2020

    Date

    Leased

    CRMLS: PW20100530

    $2,250

    Price

  • Jun 1, 2020

    Date

    Pending

    CRMLS: PW20100530

    $2,250

    Price

  • May 26, 2020

    Date

    Active

    CRMLS: PW20100530

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    One bedroom steps from The Strand and the beach. Walking distance to Pier Avenue, restaurants, shopping & entertainment. New carpet, new paint. Full size kitchen that opens up to the living room. The bedroom is separate with walk in closet. Parking not included, but residential permits can be purchased from the City for $40/year. Shared laundry on site, and storage space for this unit. Owner pays water and trash.

  • March, 2020

  • Mar 31, 2020

    Date

    Leased

    CRMLS: PW20049055

    $1,600

    Price

  • Mar 26, 2020

    Date

    Pending

    CRMLS: PW20049055

    $1,600

    Price

  • Mar 16, 2020

    Date

    Active

    CRMLS: PW20049055

    $1,600

    Price

  • Listing provided courtesy of CRMLS

    Cozy studio steps from The Strand and the beach. Walking distance to Pier Avenue, restaurants, shopping & entertainment. New carpet, new paint. Parking not included, but residential permits can be purchased from the City for $40/year. Shared laundry on site, and storage space for this unit. Owner pays water and trash.

  • March, 2020

  • Mar 27, 2020

    Date

    Leased

    CRMLS: PW20049046

    $2,300

    Price

  • Mar 26, 2020

    Date

    Pending

    CRMLS: PW20049046

    $2,300

    Price

  • Mar 16, 2020

    Date

    Active

    CRMLS: PW20049046

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    One bedroom steps from The Strand and the beach. Walking distance to Pier Avenue, restaurants, shopping & entertainment. New carpet, new paint. Full size kitchen that opens up to the living room. The bedroom is separate with walk in closet. Parking not included, but residential permits can be purchased from the City for $40/year. Shared laundry on site, and storage space for this unit. Owner pays water and trash.

  • February, 1999

  • Feb 18, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 32 16th St

Assessed Value (2020): $640,693
Year Land Value Improved Value Assessed Value
2020 $434,565 $206,128 $640,693

Home Value Compared to the Market

This property vs the competition

32 16th St sold on August 1, 2022 for 107.41% higher than the current median sold price for the city of Hermosa Beach which is $2,025,000. The median sold price per/sqft for Hermosa Beach is $1,129 and this home is sold at $1109.35 per/sqft which puts the price per square foot 1.74% lower than the current median sale per square foot for the city of Hermosa Beach.

About 32 16th St

Detailed summary of property

32 16th St is a multi family that recently sold in Hermosa Beach, CA 90254. This multi family property offered 6 bedrooms, 7 bathrooms, roughly 3,786 living square feet, and sits on an approximately 3,531 square foot lot. 32 16th St was first listed on ArdentRealEstateGroup.com on June 22, 2022. The homeowner sold the property for $4,200,000. Home in Hermosa Beach are selling for a median price of $2,025,000 and a median price per square foot of $1,129. Based on Ardent Real Estate Group's Hermosa Beach Market Data, this home is sold 107.41% higher than the current median priced home. Local homes that are currently for sale include 9240 W National Blvd, 3101 Bagley Ave and 2525 Hauser Blvd. While the average home in Hermosa Beach, CA is selling in 83 days, 32 16th St has a days on market of 10 days. There are currently 48 homes for sale in the Hermosa Beach real estate market and 32 of them are single family homes while 7 of them are condos and 9 are townhomes. For more information on this home for sale at 32 16th St Hermosa Beach, CA 90254 contact Ardent Real Estate Group and we will put you in touch with one of our Hermosa Beach agents.

Public Facts for 32 16th St

Public county record property details
Beds
4
Baths
6
Year built
1923
Sq. Ft.
3,786
Lot Size
3,530
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
30,31
APN
4183-005-028

The source for these homes facts are from public records.

90254 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,200,000
Median List Price/Sq.Ft.
$1,350
Median Sold Price
$2,025,000
Median Sold Price/Sq.Ft.
$1,129
Total Inventory
49
Median Sale to List Price %
101.5%
Avg Days on Market
23
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (8.33%), Other (33.33%)

Thinking of Selling?

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Related Resources to 32 16th St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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