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

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

40 Active Listings in Hermosa Beach
SFR- 19
TWNHS- 15
CONDOS- 6

Actives by Hermosa Areas:
Sand Section: 31 Active listings
Valley Section: 7 Active listings
East Hermosa: 2 Active listings
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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

3410 Hermosa Ave Listed for $5,000,000 2 bed/3 bath 
3410 Hermosa Avenue Exterior at Dusk
This modern style home last sold in 2013 for $4,600,000. It has been on the market 7 times since 2008 prior to selling in 2013. It is called “the tallest home in Hermosa,” giving it unblockable ocean views.

1286 Bonnie Brae Listed for $2,399,000 5 bed/4 bath
1286
Bonnie Brae last sold as a new construction in 2008 for $1,660,000. There have been 3 other sales this year over $2M in the Hermosa Hill section. Prior to this year, the last $2M+ sale was in 2006. A full list price sale would create a new benchmark for the Hermosa Hill Section.
Address    Bed/Bath     Sq. Ft.    Year                                    Built Price
1256 10th     5/4                 3041          1948 (complete remodel)  $2,005,000
1527 Silver   4/5                 3500          2015                                    $2,125,000
945 16th       4/6                 4049         2009                                   $2,200,000

1515 Monterey Blvd Listed for $1,300,000 2 bed/1 bath
Darling Picturesque Beach Bungalow
This one last sold in 2010 for $570,000. This single-family bungalow sits on a lot size of 1137 sq ft. The asking price equals a whooping $1463 per home sq ft. or $1143 per dirt sq. ft., and a 228% mark up since 2010. Only 1 other single family has sold this year for $1.3M or less this year in the Hermosa Sand Section (40 7th Court, $1,050,000 1072 sq. ft., 962 lot).

145 Ardmore Ave Listed for $1,329,000 3 bed/3 bath
145
Lucky #6! This property has been on the market 6 times since 2010 without selling. On paper, it looks like a decent deal? It was last on the market in 2014 for $1,179,000. This single family, just west of PCH, last sold in 2000 for $585K.

1707 PCH #308 Listed for $347,000 1 bed/1 bath  
1707
This unit sold last year for $360,000. There are currently 2 other units in escrow and 1 other sale this year.
Unit # 125 Listed for $550 2bed 2 bath (in escrow)
Unit # 409 Listed for $429K 1 bed 1 bath (in escrow)
Unit # 304 Sold for $575,000 2 bed 2 bath (SOLD)

IN ESCROW
2027 Harper Listed for $929,000 3 bed/2 bath
2027
This one was only on the market for 5 days before going into escrow. It’s right on the eastern border of Hermosa and North Redondo and sits on a standard tall/skinny size lot (2499 sq. ft.), however it is a smaller single family home with 1248 sq. ft. It looks like a total remodel or tear down home, however the dirt is priced within a reasonable range that makes it possible to build. I wouldn’t be surprised if it sold to a builder.

225 Valley Dr Listed for $950,000 3 bed/2.5 bath
225
It took only 2 weeks to find a buyer. This property is located in a 64-unit townhouse complex, 3 blocks from the beach. It last sold in 2012 for $749,000.

1234 6th St Listed for $1,795,000 4 bed/3 bath
1234
After 64 days, this one found a buyer. It was on the market last year for $1,649,000…however it didn’t sell. It last sold in 2005 for $1,524,500.

77 15th St #3 Listed for $839,000 2 bed/2 bath 
77
14 days and it has a buyer! This is a 14-unit complex, steps from the beach. This condo was last sold in 2006 for $709K. It was recently completely remodeled. 15 15th #2, a similar property, came out the same week and is still actively for sale on the market.

CLOSED
1230 2nd St Sold for $1,210,000 3 bed/2 bath 
1230
This single-family home sold for $115K over the list price and last sold in 2004 for $875,000.

1152 8th St Sold for $1,320,000 3 bed/2 bath 
This coastal contemporary home is immaculate!
This one sold for $171K over the list price this time, and last sold in 2010 for $849,000. 5 years later, that equals an increase of $471K (36%). This is what we wrote about it when it came out: This is an extremely popular price point and we are “All In” that it will sell quickly.

159 Monterey Blvd #A Sold for $1,090,000 3 bed/3 bath
159
Sold slightly below asking price ($9K), this attached townhouse is located in a 4-unit complex. It has PV and ocean views. It last sold in 1987 for $187,000. That is a nice progression of value.

1527 Silver St Sold for $2,125,000 4 bed/4.5 bath

1527
Silver last sold in 2013 for $826,000, for dirt value. 2 years later, this new construction just closed $2,125,000. It sold off-market prior to hitting the MLS.

Before:Front

1045 Manhattan Ave Sold for $2,675,000 4 bed/4 bath
1045
This property sold OFF-MARKET (our listing). It is a beautiful single-family home on an oversized half-lot, 2 blocks from the water. It was designed by Michael Lee and built by Steve Lazar. The sellers wanted a quick sale…and that’s what happened.
Close to 20-25% of the properties in the beach cities are selling off market. This happens when inventory is low and buyers are willing to pay a premium for a home before it hits the market.

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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