81 Pier Ave Hermosa Beach, CA 90254
Estimated payment $88,498/month
Highlights
- Corner Lot
- Hermosa Valley Elementary School Rated A
- 3-minute walk to Noble Park
About This Home
Rare, Rare, Rare opportunity to own a Hermosa Beach Landmark Property. In the early 1900's, this location was home to The First Bank of Hermosa Beach and has seen major renovation over the years. Now, the current Citibank building is an amazing trophy property that is the first building to welcome you to the Hermosa Beach Pier Plaza. Pier Plaza is a pedestrian-friendly destination with retail shops, beach boutiques, chic stores, fine dining, casual eateries, cocktail bars and of the course the world famous Hermosa Beach Pier. It has been said that the Citibank building is the most recognizable property in Hermosa Beach with it's historical significance, timeless architecture, 124' of Hermosa Ave frontage, 74' of Pier Ave frontage, direct path crosswalks leading to it's doors and an estimated 25,000 cars passing by each day. This property is one of a kind and will not last. Don't miss your chance to own a piece of Hermosa Beach.
Listing Agent
Palm Realty Boutique, Inc. Brokerage Phone: 310-678-7158 License #01313739 Listed on: 01/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $114,838
Year Built
- Built in 1971
Lot Details
- 5,389 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- Property Attached
Interior Spaces
- 1 Bedroom
- 3,909 Sq Ft Home
- 2-Story Property
Community Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $326,722
Listing and Financial Details
- Legal Lot and Block 29 / 13
- Tax Tract Number 6206
- Assessor Parcel Number 4183002015
- $820 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $114,838 | $10,752,481 | $9,174,316 | $1,578,165 |
| 2023 | $112,433 | $10,541,649 | $8,994,428 | $1,547,221 |
| 2022 | $110,427 | $10,334,951 | $8,818,067 | $1,516,884 |
| 2021 | $108,366 | $10,132,306 | $8,645,164 | $1,487,142 |
| 2019 | $105,424 | $9,831,779 | $8,388,745 | $1,443,034 |
| 2018 | $101,979 | $9,639,000 | $8,224,260 | $1,414,740 |
| 2016 | $84,513 | $7,868,187 | $6,548,362 | $1,319,825 |
| 2015 | $83,745 | $7,750,000 | $6,450,000 | $1,300,000 |
| 2014 | -- | $1,299,627 | $945,186 | $354,441 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2025 01/27/25 | For Sale | $14,250,000 | -- | $3,645 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $9,450,000 | None Available | |
| Grant Deed | -- | First American Title Ins Co | |
| Grant Deed | $5,188,051 | None Available | |
| Grant Deed | -- | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $147,883,516 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25019012
APN: 4183-002-015
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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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