7 Day Market Update and Weekend Open House List- Hermosa Beach

UPDATE_HEADER
7 New Listings (click to see)
4 In Escrow (click to see)
4 Closed Sales (click to see)

43 Active Listings in Hermosa Beach
SFR- 20
TWNHS- 16
CONDOS- 7

ACTIVE HERMOSA AREAS:
Sand Section: 34 Active listings
Valley Section: 5 Active listings
East Hermosa: 4 Active listings
active
pending
closed
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This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
447 Herondo #203 Listed for $719,000 2 bed/2 bath
447
447 Herondo is a 30-unit building located on the southern most edge of Hermosa bordering South Redondo. There hasn’t been a sale in this building since 2012 when #103 (the unit below #203) sold for $525,000. Between 2010 and 2012, there were a total of 9 sales, all hovering in the $450-$550K range.

412 Hermosa Ave. #C Listed for $899,000 2 bed/1 bath
412
#7 sold last year for $801,000. It is a 3 bedroom, 2 bath condo with 1493 sq. ft….over twice the size of this one? This 9-unit building is located ½ block from the water.

225 Valley Dr. Listed for $950,000 3 bed/3 bath
225
This townhome last sold in 2012 for $749,000. There are 64 units in this complex, located on the corner of 2nd and Valley in southern Hermosa. Another unit in this complex 427 2nd (listed for $989,000), is currently in escrow.

1428 Manhattan Ave. Listed for $1,399,000 3 bed/3 bath
1428
This townhome hasn’t sold since 2001 when it closed for $635,000. It is currently listed at just under $1000 per sq. ft. The number seems rich, however it’s all about the location.
I won’t be surprised to be writing about this being in escrow within the next few weeks.

1614 Bayview Listed for $1,449,000 2 bed/2 bath
1614
This one was on the market in 2011 for $1,048,000, but didn’t sell. It last traded in 2006 for $1,129,000. Priced at $1240 per sq. ft., this time the market is very different. 1512 Bayview, one block away, just went into escrow (listed at $1,350,000) in just a week…and it’s only 828 sq. ft. This one will likely be in escrow over the next few weeks.

515 8th St. Listed for $1,575,000 5 bed/5 bath
Exterior
515 8th has been on the market several times since 1999…the last time being 2012 for $1,179,000 (didn’t sell). The sale is currently contingent on the seller finding an investment property to purchase.

2027 Harper Listed for $929,000 3 bed/2 bath
2027
This home is right on the eastern border of Hermosa and North Redondo. It sits on a standard tall/skinny size lot (2499 sq. ft.), however it’s a smaller single family home with 1248 sq. ft. It looks like it is a total remodel or tear down home, however the dirt is priced within a reasonable range that makes it possible to build.

IN ESCROW
2010 Prospect Listed for $1,099,000 2 bed/2 bath
2010
This is a trust sale that sold with multiple offers off-market and was then placed on the MLS. It was likely an ALL-Cash offer and sold AS-IS to a developer.

1245 8th St. Listed for $1,125,000 3 bed/2 bath
Front of house boasts custom black concrete driveway, Solid pour
This is what we said 2 weeks ago when this one hit the market:
1245 8th last sold in 2010 for $720,000 and was on the market last year for the same list price ($1,125,000) and taken off after a month. This year is a different market and I think it’s priced in a very sellable range.

702 11th St. Listed for $1,410,000 4 bed/3 bath
702
This one sold in less than 1 week. It’s no surprise because it was priced well and it showed very nicely. It sold in 2005 for $1,380,000… and we are well north of 2005 prices overall here in Hermosa.

938 13th St. Listed for $1,499,999 3 bed/2 bath
938
Listed at $1200 per sq. ft., this one has a new buyer. It took 36 days, so let’s see what the final closing price is.

SOLD
88 18th St. Sold for $3,300,000 4 bed/2 bath
88
This one is not surprising…location, location, location. It only took 10 days. 88 18th sits on one of the best walk streets in HB. At $1155 per dirt sq. ft., it was priced cheaper than the 3 recent Hermosa avenue lot sales ($1200-1300 per dirt sq. ft.).

836 Beach Dr. Sold for $4,700,000 5 bed/4 bath
836
Beach sold in 2009 and 2012, both for $3,000,000. It sits right across the alley from The Strand. Even south Hermosa is seeing some huge numbers this year.

718 1st Pl. Sold for $1,450,000 4 bed/4 bath
718
This attached townhome is part of a 7-unit complex. It sold for $75,000 over the asking price in just 9 days. It last sold in 2008 for $1,235,000.

932 17th St. Sold for $1,329,000 3 bed/3 bath
Ocean Views await you!
17th sold right at full list price in 39 days. This one sold in 2010 for $985,000. It’s an attached 2 on the lot, rear unit with ocean views, just east of PCH.
2 recent comparable sales (both detached):
434 Ocean View $1,150,000 3 bed/3 bath 2448 sq. ft. 2001 built
332 Ocean View $1,535,000 4 bed/3 bath 2446 sq. ft. 2014 built

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call me direct at 310-613-1690.

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