Hermosa Beach
Unclaimed Property
There are currently 55,788 unclaimed property records worth $7.4 million being held for Hermosa Beach residents by the state of California. Among the largest holders is Anthem Inc with $89,100 in unclaimed funds, followed by Citibank N.A. holding $60,200.
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Unclaimed Property in Hermosa Beach
Hermosa Beach's substantial unclaimed property total reflects the city's unique blend of beach tourism, tech professionals, and transient young adult population who often move without updating addresses with employers and banks. The high volume from companies like Google Payment Corporation ($10,100) and Citibank N.A. ($60,200) is typical for a community where many residents work in tech or entertainment industries with stock options and frequent job changes.
The prevalence of credit balance accounts receivable (5,858 records) likely stems from the city's numerous seasonal businesses along The Strand that may have overpaid vendors or left deposits unclaimed. Given Hermosa Beach's proximity to Lax and major entertainment companies, many former residents who relocated for career opportunities may have left behind 401k funds, security deposits, or final paychecks that eventually became unclaimed property.
Companies Holding Hermosa Beach Property
These companies hold the most unclaimed property from Hermosa Beach residents
Frequently Asked Questions
How much unclaimed money is being held for Hermosa Beach residents?
California is currently holding $7.4 million in unclaimed property across 55,788 records for Hermosa Beach residents, with an average claim value of $136.57. This represents only California state records and doesn't include federal unclaimed property or funds held by other states where residents may have previously lived or worked.
Which companies are holding the most unclaimed property from Hermosa Beach?
The top three holders are Anthem Inc with $89,100 (typically health insurance refunds or uncashed claims), Citibank N.A. with $60,200 (usually dormant bank accounts or uncashed checks), and Google Payment Corporation with $10,100 (often unclaimed digital payments or advertising credits).
What types of unclaimed property are most common in Hermosa Beach?
The most common types are credit balances and accounts receivable (5,858 records), which include overpayments to businesses or unused account credits; refunds due (4,708 records) representing money owed back to customers; and dividends (4,594 records) from stocks or mutual fund investments that were never claimed.
How long does it take to claim unclaimed property in California?
Most California unclaimed property claims are processed within 60-90 days after submitting required documentation. Simple claims under $100 with clear ownership documentation typically process faster, while larger or more complex claims may take up to 180 days. Our search provides instant results, but the state's claim verification process requires time.
Is there a deadline to claim unclaimed property in Hermosa Beach?
California holds unclaimed property indefinitely with no deadline to claim, but searching sooner is better because accounts may continue earning interest, companies frequently merge or change names making future claims more difficult to prove, and inflation gradually reduces the purchasing power of your money over time.
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