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

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

40 Active Listings in Hermosa Beach
SFR- 26

Actives by Hermosa Areas:
Sand Section: 24 Active listings
Valley Section: 7 Active listings
East Hermosa: 9 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.

132 33rd St Listed for $5,899,000 4 bed/4 bath/3 powders
This is a brand new 4800 sq. ft. single-family home that is steps from the strand. The lot sold (with the older teardown home) in 2013 for $1,575,000. The prices are skyrocketing, however there is a shortage of new construction in the 100 & 200 blocks of the sand section.
Here are some others sales over the last 18 months:
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736 Gould Ave #7 Listed for $1,299,000 3 bed/2.5 bath
This is a 33-unit townhome community located just west of PCH. This unit features panoramic views of the ocean from the patio. It last sold in 1987 for $250K. Wow…that’s appreciation. Last year there were 3 other sales in this complex, see below:
736 Gould
444 Prospect Listed for $1,399,000 4 bed/2.5 bath
This is a legal duplex located just east of PCH. This property was last sold in 1972 for $45K.

53 9th St Listed for $5,195,000 5 bed/6.5 bath
This single-family home built in 2004 is steps to the beach, has ocean views and a rooftop deck with a jacuzzi. It was purchased in 2005 for $3.3M. This home was listed for sale last year for 176 days at $4,394,000….and didn’t sell. Now, it’s on the market for $800K more.

2039 Hillcrest Dr Listed for $1,299,000 3 bed/2 bath
This single family home is located just east of PCH and sits on a 4005 sq. ft. lot.
Here are some other similar active and sold properties:
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1105 Manhattan Ave Listed for $2,850,000 4 bed/2.5 bath
This Mediterranean home offers views of the ocean from the roof top deck. It last sold in 2007 when it was built for $2,250,000.

709 4th St #E Listed for $879,000 2 bed/2.5 bath
709 4th is a 6-unit townhome complex located ½ block from the greenbelt, just west of PCH. This townhome last sold in 2012 for $575K.
There were 2 sales last year right next to 709 4th #E. See below:
709 4th
845 Cypress Ave Listed for $1,350,000 3 bed/1 bath
This home has been on the market since April of last year. Now, with a fresh 2016 market, it has a buyer. This home is a cute, original beach style cottage that is 5 short blocks to the beach. It’s priced at over $1000 per sq. ft. and $450 per dirt sq. ft. if you are factoring the dirt value. It last sold in 2004 for $765,000.

1141 10th St Listed for $1,785,000 4 bed/3 bath
That was quick, after 19 days and a $285K price reduction, this is a single-family home that sits up on the Hermosa Hills and has panoramic views from the rooftop deck, has a buyer. It last sold in 1998 for $705K.

2411 Prospect Ave #308 Listed for $529,000 2 bed/2 bath
It took a little over a month for this unit to find a buyer. It last sold in 2009 for $405K
In 2015, there were four 2 bed/2 bath sales in this complex. See Below:
422 8th St Listed for $1,198,000 2 bed/2 bath
This single-family home was listed in 2015 for $1,548,000, and after months on the market, it was unable to secure a buyer. However, this time the agent has changed and they gave it a big price haircut in December, from $1,399,000 to $1,198,000. That was enough to secure a buyer. It’s last sale was in 1989 for $370,000.

1707 Pacific Coast #506 Listed for $659,000 2 bed/2 bath
That didn’t take long…in just 1 week, this is a 72-unit building located on the west side of PCH, north of Pier avenue, has a buyer. It last sold in 1978 for $69,500.
Last year, there were 3 units (2 bed/2 bath) that sold, see below:
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702 10th St Sold for $1,570,000 4 bed/3.5 bath
After being on the market since October, then going off the market during the holidays, it only took 5 days to find a buyer….for $5K below the asking price. This detached townhouse, just west of PCH, last sold in 2008 for $1,249,000. Even though this property has more sq. footage and is located on a street close to downtown, its price rivals some of the new construction units that have sold. However, the rules change when inventory is low.
702 10th
531 Loma Dr Sold for $2,499,000 4 bed/3.5 bath
This one finally sold for $100K below the original asking price. The home is located in a Loma cul-de-sac just north of South Park. It sold in 2014 for $2,199,000 (06/24/14) and previously sold in 2007 for $2,625,000.

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.
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