Condo / High-rise home in 1702 Hermosa Ave Hermosa Beach, CA
This Condo multifamily home is located in Los Angeles, CA. Its Condo character defines the property's look.
| Price | $8,995,000 |
|---|
| Architectural style | Condo / High-rise (77% match) |
|---|
| Address | 1702 Hermosa Ave Hermosa Beach, CA 90254 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced above comparable homes.
- At $9M, this home is 832% above the $965K median for 3684 similar Condo / High-rise homes in Los Angeles, CA.
- On the market 282 days, which is a long time; sellers are often flexible at this point.
No square footage is listed, so the per-square-foot comparison is not available. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $61,604/month with 20% down at a 7.28% 30-year fixed rate. You would need about $2,640,173 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $49,236/mo |
|---|
| Property tax (new-buyer reassessed rate) | $8,995/mo |
|---|
| Homeowners insurance | $3,373/mo |
|---|
| Total monthly | $61,604/mo |
|---|
| Down payment (20%) | $1,799,000 |
|---|
| Income needed | $2,640,173/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (68 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (68/100) |
|---|
| Beats renting in | 20% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $4,911,754 |
|---|
| Range (10th to 90th pct) | $3,010,132 to $7,003,219 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Los Angeles, CA where local data is thin.
Local home values
Typical home values in Los Angeles, CA have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto