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

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

40 Active Listings in Hermosa Beach
SFR- 19
TWNHS- 15
CONDOS- 5

Actives by Hermosa Areas:
Sand Section: 28 Active listings
Valley Section: 7 Active listings
East Hermosa: 5 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
244 Longfellow Ave Listed for $2,495,000 6 bed/3 bath
244
This duplex just a block from the beach is currently tenant occupied and could be a great investment. However, the property right next door is currently in escrow and listed at $1,599,000. It is believed to be in escrow around the list price after falling out of escrow the first time. 242 Longfellow has a much smaller structure on it, yet the lot (dirt value) are the same. It’s a big spread in price between the 2 properties.

317 28th St Listed for $1,699,000 3 bed/2 bath
317
This property last sold in 2003 for $655,000. It currently has nice ocean views and even more view potential for a future build. It is a half lot and it’s other half, 316 29th court, sold last year for $999K.

IN ESCROW
506 25th St Listed for $2,399,000 4 bed/3.5 bath
506
The lot was purchased in 2012 for $2,550,000 and a series of four new, detached townhomes were built by Kim Komich.

SOLD
446 Monterey 1B Sold for $916,500 3 bed/2 bath
446
Sold for $32,500 below asking. It took just over 3 weeks to find this buyer. There have been 2 other sales and in this 34-unit complex this year and 1 current listing:
Unit #C2 Listed at $1,050,000
Unit #3F for $1,104,000 (closed 4/22/15)
Unit #H2 for $1,101,000 (closed 9/23/15)

628 7th St Sold for $1,500,000 4 bed/3.5 bath
628
$5K above asking price and this one is gone quick. This property last sold in 2006 for $1,350,000. It sits just west of PCH with partial ocean views.

1208 10th St Sold for $1,028,000 4 bed/2 bath
1208
It took just under 3 weeks to find a buyer. With a $28K bump over the asking price, this single family home located east of PCH is gone.
Other Similar Sales This Year (see below):
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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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Post by Darren Pujalet

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