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

UPDATE_HEADER
1 New Listings (click to see)
5 In Escrow (click to see)
8 Closed Sales (click to see)

37 Active Listings in Hermosa Beach
SFR- 18
TWNHS- 14
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 26 Active listings
Valley Section: 7 Active listings
East Hermosa: 4 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
446 Monterey #C2 Listed for $1,050,000 2 bed/2 bath
446
This 34-unit complex west of PCH on Monterey has had a lot of activity this year. 2 units have closed, 1 is in escrow and this unit just hit the market. Prior to this year, the last recorded sale was in June of 2013. #C2 last sold in 2013 for $660,000.
446 screen shot #1

IN ESCROW
72 The Strand #3 Listed for $589,000 2 bed/2 bath
72
This is a foreclosure property that went directly into escrow….hum? Don’t let the price fool you, it’s worth far more than it is listed for. Let’s see what the bank ends of settling for. This unit was last sold in 2004 for $990K,
hence again why the price seems very out of alignment. 72 The Strand is a 6 unit complex, just a block north of Herondo St. The last sale in this complex was unit #2, another short sale, in 2013 for $660K .

1208 10th St Listed for $1,000,000 4 bed/2 bath
1208
It took just under 3 weeks to find a buyer. This single family home located east of PCH is priced in a buyer “sweet spot.”
Other Similar Sales This Year (see below):
1208 screen shot

1532 Loma Drive Listed for $1,175,000 2 bed/2.25 bath
1532
After 1 ½ months and a price reduction, this townhouse just north of Pier Avenue has a buyer. This
property last sold in 1997 for $339K.

320 Hermosa Ave #206 Listed for $769,000 2 bed/2 bath
320
After 129 days on the market and a $40K price reduction, this condo has a buyer. #206 last sold in 2001 for $340K. There are a total of 13 units in this complex and it sits 1 block from the sand. One other unit sold in this building sold this year, #101 (2 bed, 2 bath) for $640K.

2524 Ardmore Ave Listed for $1,399,000 2 bed/1 bath
2524
That was quick! Just 12 days to find a buyer. This cute 940 sq ft single-family cottage just west of PCH has never been on the market and has likely been with the same owner for decades.

CLOSED
810 Loma Dr Sold for $2,575,000 3 bed/3.5 bath
810
Sold for $124K below asking price…all cash. This property was last sold for dirt/lot value in 2013 for $1.2M.
This is now the site of TWO 2015 constructed townhomes. They are located at the crest of Loma.

812 Loma Dr Sold for $2,575,000 3 bed/3.5 bath
810
Same as 810 Loma. Sold for $124K below list price…all cash.

2722 Hermosa Ave Sold for $3,959,000 4 bed/2 bath
2722
Sold in 12 days for $391K below asking price. 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

1935 Ava Ave Sold for $2,500,000 4 bed/3.5 bath
1935
This one has finally sold, for $150K below list price. It was on the market for 181 days up until the beginning of this year. Originally listed at $2,950,000, then reduced to $2,650,000…it was finally taken off the market. After a face-lift, it came back on the market and sold in 38 days.

434 Gentry St Sold for $872,500 2 bed/2 bath
Exterior of home.
9 days and $33,500 above list price…it is gone! This property last sold in 1976 for $30K. It’s a classic cottage, single family home, located east of Prospect and sits on a 2490 sq ft lot.

736 Gould Ave #8 Sold for $1,275,000 3 bed/3 bath
736
This complex has 33 units and is located just west of PCH. #8 appears to have sold off-market. This unit last sold in 2004 for $805K. Currently there is 1 active and 2 sold units this year in the complex (SEE BELOW)
736 gould screen shot

705 1st Pl Sold for $1,800,000 4 bed/3.5 bath
705
Sold at $350K below original list price, this detached new construction townhome had a buyer before it hit the market. However, that fell through and after 112 days and a price reduction, it has finally sold.

715 30th St Listed for $1,275,000 3 bed/2 bath
715
Sold for $100K over asking price. This single family home sits on a 3774 sq. ft. lot just west of PCH. It was last sold in 2010 for $753K. I had a feeling this one will move quickly…it sold 11 days.

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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