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

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

44 Active Listings in Hermosa Beach
SFR- 27
TWNHS- 9
CONDOS- 7

Actives by Hermosa Areas:
Sand Section: 29 Active listings
Valley Section: 10 Active listings
East Hermosa: 5 Active listings
Screen Shot 2015-09-25 at 1.15.20 PMScreen Shot 2015-09-25 at 12.06.28 PMScreen Shot 2015-09-25 at 12.06.34 PMScreen Shot 2015-09-25 at 12.06.42 PM
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
434 Gentry St Listed for $839,000 2 bed/2 bath
View of exterior & entertaining/outdoor space.
This property last sold in 1976 for $30K. This classic cottage, single family home is located east of Prospect and sits on a 2490 sq ft lot.

948 3rd Listed for $1,369,000 3 bed 2 bath

948
948 3rd is back on the market
This one is a relist. It was on the market 124 days earlier this year and priced at $1,400,000…however it didn’t sell. Now it is back on the market with a fresh set of photos and a new price ($31K less).

2640 Hermosa Ave #2 $1,000,000 2 bed/2 bath
2640
This one last sold in 2008 for $815K. Located in a 6-unit complex steps from the water on the east side of Hermosa Avenue, it only has 1 row of Strand homes between it and the sand.
The last sale in this complex was in 2011 for $520K

717 24th St Listed for $4,999,000 4 bed/4.5 bath
717
This property last sold in 2008 for $889K. It was a 3 bed 2 bath 1300 sq ft home.
Now it is a 4 bed 4.5 bath, 5167 sq foot home with ocean views.
Only 2 other recent sales have topped this price range in the area between Ardmore and PCH:

Screen Shot #1

2011 Prospect Ave Listed for $1,585,000 4 bed/3 bath
2011
This single-family home, just east of PCH, last sold at the beginning of 2010 for $1,125,000.

2722 Hermosa Ave Listed for $4,350,000 4 bed/2 bath
2722
This home last sold in 2004 for $1.8M. It was on the market briefly in 2008 for $2,950,000, but after 16 days, it was taken off the market.
Listed below…THREE 2015 Hermosa Avenue similar sales:

Screen Shot #2

IN ESCROW
501 Herondo St #42 Listed for $839,900 2 bed/2.5 bath
501
This property last sold in 2000 for $385K. It’s located in a 75-unit condo has had 3 sales this year and currently 3 other properties in escrow.
2015 Activity in Complex:
Unit #42 In escrow and listed for $839K
Unit #25 In escrow and listed for $925K
Unit #20 In escrow and listed for $900K
Unit #66 Sold for $830K
Unit 64 Sold for $789K
Unit 65 Sold for $755K

840 Loma Dr #4 Listed for $1,299,900 3 bed/2.5 bath
840
Only 1 week to find a buyer. This attached townhome west of the greenbelt last sold in 1995 for $317K.

810 Loma Dr Listed for $2,699,000 3 bed/3.5 bath
810
This is now the site of TWO 2015 constructed townhomes. They are located at the crest of Loma with views and priced at over $1200 per sq. ft.

812 Loma Dr Listed for $2699,000 3 bed/3.5 bath
810
This property was last sold for dirt/lot value in 2013 for $1.2M.

123 34th St Listed for $2,900,000 5 bed/3 bath
123
It took just over 2 months for this single family to find a buyer. This is a 5 bedroom duplex located on a 2554 sq. ft. lot, four properties from the sand.

159 Monterey Blvd #A Listed for $1,499,000 3 bed/3 bath
159
In just 1 week, this attached townhouse found a buyer. This property was sold earlier this year for $1,090,000 and was remodeled, FLIPPED, and put back on the market for sale.

CLOSED
2120 The Strand Sold for $8,100,000 3 bed/2 bath
2120
This 1909 strand house sold for just over $8 million. This is a cottage duplex and was likely being sold for land value. It last sold in 1976 for $76K…..can you imagine. That’s the power of equity growth in real estate.

1010 17th St Sold for $1,785,000 4 bed/4 bath
1010
17th was on the market for about 60 days and sold for $60K under the list price.
It last sold in 1996 for $637,000. This single family home is just east of PCH.

1221 Loma Dr Sold for $1,750,000 3 bed/3.5 bath
1221 loma
OUR BUYERS got a good deal on this one. It sold for $200K below the original list price! It’s a townhome located steps from Pier Avenue and it has a rooftop deck with ocean and sand views. The last sale was in 2011 and closed for $1,299,000. With 4-car garage/driveway parking, a good location and a functional layout….the value was great.

726 1st Place Sold for $1,300,000 4 bed/3.5 bath
Private End Unit
Sold for $100K below asking price! It last sold in 2013 for $1,029,000. This detached townhome is just west of PCH and offers some ocean views. Another slightly larger unit in the same complex sold earlier this year for $1,450,000.

2411 Prospect Ave #102 Sold for $457,000 2 bed/1 bath
2411
This condo sold for $22K above list price.
This condo sold last year for $380K.
The last 3 sales in this complex:
Unit 109 Sold for $415K 1 bed 1 bath
Unit 215 Sold for $372K 1 bed 1 bath
Unit 307 Sold for $479K 2 bed 2 bath

575 19th St Sold for $1,550,000 3 bed/3 bath
575
22 days to find a buyer and $39K below list price…and it’s Sold. This is a single-family home just west of Valley. It is a full lot (4656 sq. ft.) with building potential. The last sale was in 2001 for $675K. It went active then immediately went on hold. Here are some other comparables.
575 19th

446 Monterey #H2 Sold for $1,101,000 3 bed/2 bath
446 Monterey
Located in a 34-unit complex west of Valley, this unit last sold in 2005 for $830K. The last sale in the building was #3F, sold this year for $1,104,000…also a 3 bedroom, 2 bath unit. Our happy buyers purchased this one.

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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