Sold for $1,825,000

Listed by: Estate Properties • Sherry LaMaison • Contact: 310-849-6539

Bought with: Merit Real Estate

$1,825,000

138 1st St, Hermosa Beach, CA 90254

--beds

--baths

--sqft

Condominium

Built in 1950

-- sqft lot

$1,869,600 Zestimate^®

$--/sqft

$4,607 Estimated rent

Home value

$1,869,600

$1.61M - $2.21M

$4,607/mo

Zestimate^® history

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$4,607/mo

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$4,607/mo

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$11,589/mo

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$11,589/mo

Est. payment

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What's special

Price Improvement! This is LAND only with No Structure(structure was torn down years ago)..listed under Residential Income for exposure purposes only. Amazing and rare opportunity to develop for investment or build your dream home on this 2,845 square foot lot approximately one block to the beach and Strand in Hermosa Beach!! Fabulous location which is walking distance to the beach, Strand, bike path, jogging greenbelt, all of the fabulous restaurants, shopping, parks, activities and entertainment that the beach life has to offer!! Potential to possibly build 2 units(zoned HB-R3YY), however, Buyer to verify with the city. Don't miss out on this incredible opportunity! Please reference the listing in the Land section of the MLS(MLS#SB23092318). PLEASE NOTE: Although listing says built in 1950,this is incorrect... there is no structure on the property...only land with some concrete

Facts & features

Interior

Appliances

Laundry: See Remarks

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 0

Property

Features

Entry location: None
Pool features: None

Lot

Size: 2,845 Square Feet

Details

Parcel number: 4188014046
Zoning: HBR3YY
Special conditions: Trust

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Condition

New construction: No
Year built: 1950

Utilities & green energy

Sewer: Unknown
Water: See Remarks

Community & HOA

Community

Features: Biking, Curbs, Dog Park, Fishing, Park, Sidewalks, Water Sports

Location

Region: Hermosa Beach

Financial & listing details

Tax assessed value: $1,861,500
Annual tax amount: $20,090
Date on market: 6/26/2023
Cumulative days on market: 36 days
Listing terms: Cash,Submit

Price history

Date	Event	Price
9/5/2023	Sold	$1,825,000-8.8%
Source: CRMLS #SB23113934 Report a problem
8/6/2023	Pending sale	$2,000,000
Source: CRMLS #SB23113934 Report a problem
6/29/2023	Price change	$2,000,000-4.8%
Source: CRMLS #SB23113934 Report a problem
6/26/2023	Listed for sale	$2,100,000
Source: CRMLS #SB23113934 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$20,090 +2.4%	$1,861,500 +2%
2024	$19,624 +1463.4%	$1,825,000 +1656.6%
2023	$1,255 +1.8%	$103,892 +2%
2022	$1,233 -1.5%	$101,855 +2%
2021	$1,252 +0.6%	$99,858 +1%
2020	$1,244	$98,835 +2%
2019	$1,244 +8.8%	$96,898 +2%
2018	$1,143	$94,999 +2%
2017	$1,143 +0.9%	$93,137 +2%
2016	$1,133 +3.8%	$91,311 +1.5%
2015	$1,091 +9.6%	$89,940 +2%
2014	$995	$88,179 +2.5%
2012	--	$86,060 +2%
2011	--	$84,373 +0.8%
2010	--	$83,743 -0.2%
2009	--	$83,942 -21.5%
2008	--	$106,914 +2%
2007	--	$104,819 +2%
2006	--	$102,764
2005	--	$102,764 +4%
2004	--	$98,776 +1.9%
2003	--	$96,967 +2%
2002	--	$95,067 +4%
2000	--	$91,378