1242 Hermosa Avenue

1242 Hermosa Avenue in Hermosa Beach, CA was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a commercial property type. It is a single story home. 1242 Hermosa Avenue has 7,570 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,004 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $575,000 in Dec 5, 2012. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $40,652 in taxes each year. The initial year of tax delinquency occurred in 2020. 1242 Hermosa Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,562,659. If we break it down further, the land itself was valued at $1,905,607. Improvements to the property, however, were assessed at a total of $1,657,052. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.