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

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

34 Active Listings in Hermosa Beach
SFR- 21
TWNHS- 8
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 22 Active listings
Valley Section: 9 Active listings
East Hermosa: 3 Active listings
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NEW ACTIVE
447 Herondo St #106 Listed for $799,000 2 bed/2 bath
447
This is a 30-unit complex west of PCH along Valley drive. This property last sold in 2004 for $545K. The prices have gone up about $200K in this complex since 2012. The last unit sold for $725K in June of last year and it had a lot of interior upgrades.
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1600 Ardmore #227 Listed for $589,000 2 bed/2 bath
1600
This is a 100-unit complex located on the greenbelt west of PCH.
This unit last sold in 2013 for $460K. It faces south toward the courtyard and featured 2 master suites on opposite sides of the unit. It has also has been nicely upgraded.
Currently there are 2 properties in this complex in escrow, see below:
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248 27th Listed for $1,999,000 2 bed/2 bath
248
This is a single family home just a few blocks from the beach that last sold in 1999 for $493K. It seems like a challenging location for $2M. Artesia becomes Gould and Gould becomes 27th as you past Valley heading west toward the beach.
A 2100 sq. ft. lot just sold on 31st for $1,450,000…..a far better street and location.

2094 Manhattan Ave Listed for $3,100,000 4 bed/2 bath
2094
This single family home has a prime corner location on Circle and Manhattan Avenue with ocean views, just 2 blocks from the beach. If the lot was purchased for the dirt value, that would equal $1288 per dirt square foot…rivaling 2015 Hermosa Avenue dirt sales. This property has not been on the market in decades. Even at a premium, I don’t see this one lasting very long.

269 Valley Dr Listed for $925,000 2 bed/3 bath
269
This 64-unit Townhome complex is called Playa Pacifica and is located just west of Ardmore. This unit last sold in 1998 for $327K. There were 5 sales in this complex last year (8% turnover). The last 2 bed sold for $900K last August.
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1614 The Strand Listed for $8,995,000 4 bed/4 bath
1614
This duplex located on The Strand sold in 2007 for $3M. It’s doubtful much has changed with the property since then. Based on location alone, I won’t be surprised to see this one sell. Although, a brand new construction single family
(136 The Strand) just sold for $7.4M and it took 206 days to do it. However, the 1600 block of The Strand is a far better location. See other 2015 Strand sales below:
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IN ESCROW
1515 Hermosa Ave Listed for $3,249,000 4 bed/3.5 bath
1515
After being on and off the market for 164 days, this one has a buyer. This property was listed last year for $2,999,000 and was canceled after 2 ½ months on the market. It was originally purchased for the dirt in 2012 at a price of $1.4M and torn down to build 2 brand new townhomes. It’s being offered near $1288 per sq. ft. This one is about location, proximity to downtown and the sand.

1600 Ardmore #130 Listed for $599,000 2 bed/2 bath
1600
3 weeks and this one is in escrow. This 100-unit complex is just west of PCH along the greenbelt. #130 last sold in 2012 for $469,000. There is currently one other active unit for sale in this complex (unit # 128), a 2 bed, 2 bath that has been on the market for about 2 months.
This complex had 6 sales last year, 4 of them were the 2 bed 2 bath units see below:
1600 ardmore
2031 Prospect Ave Listed for $1,450,000 3 bed/2 bath
2031
2 months to find a buyer! Not so bad for Prospect. It’s not the easiest street to sell. According to the tax records, this property was sold in June of last year for $950K and completely renovated.

940 15th St Listed for $1,550,000 3 bed/3 bath
940
This is a single-family home on a 5673 sq. ft. lot that is zoned R2, which may allow you to build 2 units on one lot. I’m not surprised to see this one go into escrow.

CLOSED
960 1st St #D Sold for $858,000 2 bed/2.5 bath
960
That was quick! 1 week and $9K above asking price, this detached townhome located east of PCH has a buyer. This property was last sold in 2012 for $622,500.
Here are a few of the 2 bedroom sales from last year:
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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.

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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