328 Hermosa Ave, Long Beach, CA 90802
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328 Hermosa Ave Long Beach, CA 90802

$1,455,000 Sold Price as of 03/20/2024
  • 4 Beds
  • 3.25 Baths
  • 2,622 Sq.Ft.
Sold
$1,455,000 Sold Price as of 03/20/2024 Refinance Your Mortgage

Map preview of 328 Hermosa Ave, Long Beach, CA 90802

Property Overview: 328 Hermosa Ave Long Beach, CA has 4 bedrooms, 3.25 bathrooms, 2,622 living square feet and 6,240 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Classic Spanish 4-plex 3 1/2 Blocks to Beach! Incredible oppertunty for homeowner & investor! Front house unit is a spacious unit with 2 Bedroom or Den & one bath w/ a dining rm large & all the amenities you would expect to find within a Spanish style home. Apx 1130+ sq ft. Beautiful hardwood floors, coved ceilings, original wood frames in the interior windows & doors along w/ a faux fireplace.The bathroom is originally deco tile with a pedestal sink. An Abundance of windows allows great light into the home private front veranda for outdoor space Landscaping is very retro & California drought conscious. Most windows have been upgraded w/ Milgard. Down the walkway there is ground level 1 bedroom 1 bath that is attached to the main house but split off & permitted years ago.Central fenced yard is off the bdrm area w/ tables and chairs, a water feature. There are 2: 1 bedroom 1-bathroom units above a four-car garage (a recessed pad enough for another car) storage & laundry area. Units are in the charm & style of classic Spanish rooms w/ hardwood floors & faux fireplaces. . AC & heat splitters have been added to two of the units. Great care has been taken to maintain the charm of the property which attracts good long-term tenants. There is a community laundry provided for usage by all tenants & factored into the rents. A community courtyard sits between the front house two attached units & the back building with a center running fountain. Desirable area (The Eastside) Very short walk to Retro Row on 4th Street with shops, restaurants, Art Theater & activities, Two blocks the other way towards the beach is the Broadway Corridor. Bixby Community Park has a multitude of activity including a Dog Park, & Farmer's Market. The Ocean Blvd extension of Bixby Park overlooks the Pacific Ocean & you will find a variety of venues such as Beach Yoga & in the summertime Municipal Band performances & various other street type fairs & exercise offerings. One block East of Bixby Park is the Long Beach Museum of Art, Claire's Restaurant that overlooks the water Walk Score 94 Bikable Score 89 Transit Score 52 All tenants are month to month (one unit with family menbers will be vacating)

Listed by Susan Boyle | BRE #01056722 | Reel Properties
Last checked: 10 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 163

Home details

Lot Sq. Ft
6,240
HOA Dues
$0/mo
Year built
1927
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23140682
City
Long Beach
County
Los Angeles
Time on Site
414 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,245
  • Total Rent: $2,245
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.53
  • Gross Scheduled Income: $1
  • Net Operating Income: $1
  • Gross Operating Income: --
  • # of Rented Garages: 3
Annual Expense Breakdown
  • Total Operating Expense: $11,880
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $225
  • Trash: $1
  • Insurance: $4,800
  • Professional Management: $0
  • Water/Sewer: $1

Property Details for 328 Hermosa Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks, Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7275018005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None, See Remarks
  • Offered With Property: All owner owned appliances. Outdoor fountain
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: Going East on 3rd Turn Left
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Long Beach Agent

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Sale History for 328 Hermosa Ave

Last sold for $1,455,000 on March 20th, 2024
  • March, 2024

  • Mar 20, 2024

    Date

    Sold

    CRMLS: PW23140682

    $1,455,000

    Price

  • Aug 1, 2023

    Date

    Active

    CRMLS: PW23140682

    $1,575,000

    Price

  • September, 2005

  • Sep 26, 2005

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • August, 2001

  • Aug 10, 2001

    Date

    Sold (Public Records)

    Public Records

    $371,500

    Price

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Tax History for 328 Hermosa Ave

Assessed Value (2020): $1,062,503
Year Land Value Improved Value Assessed Value
2020 $687,194 $375,309 $1,062,503

Home Value Compared to the Market

This property vs the competition

328 Hermosa Ave sold on March 20, 2024 for 77.66% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $554.92 per/sqft which puts the price per square foot 11.64% lower than the current median sale per square foot for the city of Long Beach.

About 328 Hermosa Ave

Detailed summary of property

328 Hermosa Ave is a fourplex that recently sold in Long Beach, CA 90802. This fourplex offered 4 bedrooms, 3.25 bathrooms, roughly 2,622 living square feet, and sits on an approximately 6,240 square foot lot. 328 Hermosa Ave was first listed on ArdentRealEstateGroup.com on August 2, 2023. The homeowner sold the property for $1,455,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 77.66% higher than the current median priced home. Local homes that are currently for sale include 251 Loma Ave, 219 E 10th St and 1761 Redondo Ave. While the average home in Long Beach, CA is selling in 62 days, 328 Hermosa Ave has a days on market of 163 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 328 Hermosa Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 328 Hermosa Ave

Public county record property details
Beds
4
Baths
4
Year built
1937
Sq. Ft.
2,622
Lot Size
6,239
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7275-018-005

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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Related Resources to 328 Hermosa Ave

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.