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349 Hermosa Ave, Long Beach, CA 90802
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349 Hermosa Ave Long Beach, CA 90802

$1,645,000 Sold Price as of 11/29/2021
  • 4 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
Sold
$1,645,000 Sold Price as of 11/29/2021 Refinance Your Mortgage
Map preview of 349 Hermosa Ave, Long Beach, CA 90802

Property Overview: 349 Hermosa Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,000 living square feet and 4,022 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Everything about this three-unit property is ready for living in the most stylish and carefree manner you could imagine. Whether you are considering owner-occupied, long-term rentals, or hosting on Airbnb, you will rest easy knowing that all units have been thoroughly renovated within the past 2 years. Essentially new construction, the front house is a refreshingly modern take on the classic California bungalow. With two bedrooms and one and one-half bathrooms in approximately 914 sq ft, the rebuild included stem walls, framing, new copper plumbing, electrical wiring and 200 amp panel with space for EV charger. While the footprint of the house remains unchanged, the interior space was completely re-imagined to create an open, light-filled great room with a modern kitchen featuring custom European oak cabinetry and quartz countertops. The all new appliances, fixtures and finishes were selected for longevity and timeless design qualities. Further details of the renovation include a new HVAC system, new Milgard windows, new roof with rain gutter systems, and a thoughtful lighting plan inside and out. The back building consists of the garage and studio apartment on the ground level, and a two bedroom, one bath unit of approximately 736 sq ft on the upper level. The back units have been carefully renovated with modernized kitchens and bathrooms, laminate floors above, luxury vinyl floors in the studio, and new lighting as well as the all-important functional upgrades of copper and PEX plumbing, re-wired electrical systems with grounded outlets, and air-conditioning. All three dwellings on this exceptional property enjoy their own washer and dryer within their respective units as well as individual, on-demand (tankless) water heaters. The quality of design extends to the outdoors with a refreshed front fence and gate, landscaping with irrigation, and concrete work wrapping from the driveway to the center courtyard. And just steps from the tranquil beauty of the property is the thriving district of 4th Street and Retro Row. Enjoy morning coffee at Wide Eyes Open Palms, juice from Salud, creative cuisine from a number of independent restaurants, vintage shopping, salons and boutiques. To the south, only a few blocks away lies the Pacific Ocean and shoreline path along miles of sandy beach. Watersports, bike riding, skating and yoga are among the many outdoor activities that characterize this flourishing urban community.

Listed by Rochelle Kramer | BRE #01392260 | Re/Max R. E. Specialists
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft
4,022
HOA Dues
$0/mo
Year built
1947
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21167405
City
Long Beach
County
Los Angeles
Time on Site
1021 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $87,600
  • Net Operating Income: $66,376
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,224
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $19,239
  • Trash: $0
  • Insurance: $1,169
  • Water/Sewer: $816

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 349 Hermosa Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl
Interior Features
  • Levels: Two
  • Window Features: Casement Windows, Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7275016051
  • Year Built Source: Assessor
  • Architectural Style: Bungalow, Contemporary
  • Foundation Details: Concrete Perimeter, Raised
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: From Redondo Ave., West on 4th Street, Left on Hermosa
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 349 Hermosa Ave

Last sold for $1,645,000 on November 29th, 2021

  • November, 2021

  • Nov 30, 2021

    Date

    Sold

    CRMLS: PW21168379

    $1,645,000

    Price

  • Nov 13, 2021

    Date

    Active Under Contract

    CRMLS: PW21168379

    $1,749,000

    Price

  • Aug 5, 2021

    Date

    Active

    CRMLS: PW21168379

    $1,749,000

    Price

  • Aug 4, 2021

    Date

    Coming Soon

    CRMLS: PW21168379

    $1,749,000

    Price

  • Listing provided courtesy of CRMLS

    Essentially new construction, the front house is a refreshingly modern take on the classic California bungalow. With two bedrooms and one and one-half bathrooms in approximately 914 sq ft, the rebuild included stem walls, framing, new copper plumbing, electrical wiring and 200 amp panel with space for EV charger. While the footprint of the house remains unchanged, the interior space was completely re-imagined to create an open, light-filled great room with a modern kitchen featuring custom European oak cabinetry and quartz countertops. The all new appliances, fixtures and finishes were selected for longevity and timeless design qualities. Further details of the renovation include a new HVAC system, new Milgard windows, new roof with rain gutter systems, and a thoughtful lighting plan inside and out. The back building consists of the garage and studio apartment on the ground level, and a two bedroom, one bath unit of approximately 736 sq ft on the upper level. The back units have been carefully renovated with modernized kitchens and bathrooms, laminate floors above, luxury vinyl floors in the studio, and new lighting as well as the all-important functional upgrades of copper and PEX plumbing, re-wired electrical systems with grounded outlets, and air-conditioning. All three dwellings on this exceptional property enjoy their own washer and dryer within their respective units as well as individual, on-demand (tankless) water heaters. The quality of design extends to the outdoors with a refreshed front fence and gate, landscaping with irrigation, and concrete work wrapping from the driveway to the center courtyard. And just steps from the tranquil beauty of the property is the thriving district of 4th Street and Retro Row. Enjoy morning coffee at Wide Eyes Open Palms, juice from Salud, creative cuisine from a number of independent restaurants, vintage shopping, salons and boutiques. To the south, only a few blocks away lies the Pacific Ocean and shoreline path along miles of sandy beach. Watersports, bike riding, skating and yoga are among the many outdoor activities that characterize this flourishing urban community. Everything about this three-unit property is ready for living in the most stylish and carefree manner you could imagine. Whether you are considering owner-occupied, long-term rentals, or hosting on Airbnb, you will rest easy knowing that all units have been thoroughly renovated within the past 2 years.

  • November, 2021

  • Nov 30, 2021

    Date

    Sold

    CRMLS: PW21167405

    $1,645,000

    Price

  • Aug 5, 2021

    Date

    Active

    CRMLS: PW21167405

    $1,749,000

    Price

  • Jul 30, 2021

    Date

    Coming Soon

    CRMLS: PW21167405

    $1,749,000

    Price

  • November, 2019

  • Nov 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $937,000

    Price

  • November, 2019

  • Nov 8, 2019

    Date

    Sold

    CRMLS: PW19100129

    $937,000

    Price

  • Sep 23, 2019

    Date

    Pending

    CRMLS: PW19100129

    $970,000

    Price

  • Sep 20, 2019

    Date

    Active

    CRMLS: PW19100129

    $970,000

    Price

  • Sep 12, 2019

    Date

    Hold

    CRMLS: PW19100129

    $970,000

    Price

  • Aug 13, 2019

    Date

    Pending

    CRMLS: PW19100129

    $970,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: PW19100129

    $970,000

    Price

  • Jul 25, 2019

    Date

    Active

    CRMLS: PW19100129

    $980,000

    Price

  • Jul 1, 2019

    Date

    Pending

    CRMLS: PW19100129

    $980,000

    Price

  • Jun 5, 2019

    Date

    Price Change

    CRMLS: PW19100129

    $980,000

    Price

  • May 25, 2019

    Date

    Active

    CRMLS: PW19100129

    $995,000

    Price

  • May 10, 2019

    Date

    Pending

    CRMLS: PW19100129

    $995,000

    Price

  • May 3, 2019

    Date

    Active

    CRMLS: PW19100129

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity awaits on this fantastic triplex nestled in the popular Alamitos Beach neighborhood. The property consists of a charming Crafstman style front house with 2 bedrooms and 1 bathroom plus a duplex with a 2 bedroom, 1 bath unit and a studio unit. There is also a garage with storage space and a washer/dryer. With many recent upgrades and a fantastic location this home will provide a great return for an investor or owner-occupied buyer who would like to have their tenants pay the majority of their mortgage. The entire exterior of the property was painted in October, 2018. All three water heaters have been replaced within the last 12 months and the main water line was replaced in July, 2017. New dual pane windows were installed in the front house as well as a brand new wall heater. The units all have laminate flooring and upgrades in the kitchens and bathrooms. All three units are metered separately for utilities and there is laundry on-site for everyone. The front house includes a long driveway which will allow up to three parking spaces. The property is adjacent to popular "Retro Row" which offers several wonderful options for dining and shopping. There is also daily free yoga on the beach just a five minute walk away as well as a dog park and a running/biking path along the ocean. Belmont Shore, CSULB, Downtown Long Beach and the 405 freeway are just a short drive away. Make this fantastic income property yours today!

  • September, 2016

  • Sep 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 349 Hermosa Ave

Assessed Value (2020): $937,000
Year Land Value Improved Value Assessed Value
2020 $537,000 $400,000 $937,000

Home Value Compared to the Market

This property vs the competition

349 Hermosa Ave sold on November 29, 2021 for 118.62% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $874.5 per/sqft which puts the price per square foot 38.37% higher than the current median sale per square foot for the city of Long Beach.

About 349 Hermosa Ave

Detailed summary of property

349 Hermosa Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 4,022 square foot lot. 349 Hermosa Ave was first listed on ArdentRealEstateGroup.com on July 30, 2021. The homeowner sold the property for $1,645,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 118.62% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 650 E 15th St and 249 Grand Ave. While the average home in Long Beach, CA is selling in 51 days, 349 Hermosa Ave has a days on market of 95 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 349 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 349 Hermosa Ave

Public county record property details
Beds
2
Baths
3
Year built
1947
Sq. Ft.
2,050
Lot Size
4,022
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
7275-016-051

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
$530,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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