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

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

42 Active Listings in Hermosa Beach
SFR- 23
TWNHS- 8
CONDOS- 10

Actives by Hermosa Areas:
Sand Section: 28 Active listings
Valley Section: 12 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.

 

Inventory for sale in Hermosa has stayed very low over the last 4-5 years.
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NEW ACTIVE

501 Herondo St #25 Listed for $925,000 2 bed/2 bath
501
This is located in a 75 unit condo is west of PCH. Currently there is only one other active unit in this building #42 Listed for $839,900. This place last sold in 2005 for $799K.
647 24th Place Listed for $2,200,000 4/3.5 bath
Panoramic Ocean Views from PV to Malibu
This place sold last December for $1,300,100 and was completely remodeled from the ground up.
242 Longfellow Listed for $1,599,000 2 bed/2 bath
242
This is a duplex on Longfellow just east of Manhattan Ave. There are two 1 bed 1 bath units. This property last sold in 1974 for $43K. The lot itself is worth more than the asking price. It sits at the crest of Longfellow just below Highland and a new build would have great views. This one should bid up.

1868 Valley Park Listed for $5,399,000 8 bed/5 bath
1868
This is a massive 8 bed 5 bath house just west of the greenbelt. This property last sold in 2009 for $2.3M….as a short sale. 555 21st street (4458, sq. ft. house on a 15,709 Lot) was the most recent (May 2104) big sale in this neighborhood.

IN ESCROW
145 Ardmore Listed for $1,319,000 3 bed/3 bath
145
It took 100 days, but this single family home landed a buyer. 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.

830 18th St Listed for $1,099,999 2 bed/1 bath
830
Just over 3 weeks to secure a buyer for this trust sale. This property hasn’t been on market in decades. The property is just east of PCH and has some ocean views and new construction potential. It looks like someone saw the value and the future potential.

CLOSED
1216 Cypress Sold for $1,875,000 4 bed/3.5 bath
1216
At $24K below list price, it’s a closed sale. This property last sold in 2009 for $1,053,000. That’s an 80% markup since 2009….not surprising given the craze of the current market. This attached townhome is set west of Valley and a few properties south of Pier Avenue.

502 Longfellow Ave Sold for $1,787,000 3 bed/2 bath
502
Sold right at list price! It last sold in 1994 for $374K. The rumor is that the home & lot across the street, 513 Longfellow, is in escrow for $1.800,000…however it has a 4014 sq. ft. (vs. 3141) lot with a Manhattan Beach address. 513 sold off market. 502 Longfellow sold at $1238 sq. ft. and is located on the corner of Longfellow and Ingleside, 4 homes west of Valley. Inventory in this category is extremely low. I’m not surprised that it sold quickly.

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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