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

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

37 Active Listings in Hermosa Beach
SFR- 27
TWNHS- 8
CONDOS- 2

Actives by Hermosa Areas:
Sand Section: 19 Active listings
Valley Section: 3 Active listings
East Hermosa: 15 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
1514 Silver St Listed for $950,000 1 bed/1 bath
1514
This is a great little cottage located east of PCH right on the Redondo border. The home was built in 1931. This property last sold in 2013 for $570K. There have only been 2 other single-family sales under $1M in the last year, both on small lots in the sand section.
Under $1M Sales

1517 Golden Ave Listed for $1,095,000 1 bed/1 bath

DCIM100GOPROG0029231.

This single family home is located east of Prospect, just a block over from Silver St.
It’s located on the west side of the street and has nice ocean view potential. This property last sold in 1979 for $77K.

920 8th Pl Listed for $1,499,900 3 bed/3.5 bath
920
This is a single family home located east of PCH with ocean views. It last sold in 2013 for $1,160,000. That’s a nice price improvement in 3 years.

925 2nd St Listed for $1,885,000 4 bed/4 bath
925
This single family home is a half block east of PCH, has panoramic ocean views and last sold in 1999 for $710K. Timing is crucial. This property has very little competition at the moment.

432 Ocean View Listed for $1,499,000 3 bed/3 bath
432
This detached townhome 1 block east of PCH. It last sold in 2002 for $725K.
We sold 434 Ocean View (same property type) at the end of 2014 for $1,150,000. That’s a solid increase for 432 Ocean View. I hope they get it.

833 Bard St $2,199,000 6 bed/4 bath
833
This is a duplex located 1 block west of Valley. The property last sold in 2003 for $845K. We sold a slightly bigger duplex next door for $1,550,000 3 years ago…a big number at that point. The price difference is how much the market has shifted….let’s see!

1134 1st Pl $1,299,000 3 bed/3 bath
1134
This house is located just east of PCH on the border of Redondo Beach.
The last sale for this house was in 2012 for $694K.
Here are some similar sales over the last 365 days:
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IN ESCROW
1504 Monterey Blvd Listed for $2,600,000 2 bed/4 bath
1504
After 19 days, this single family home located just north of Pier Avenue with big views and a roof top deck, has a buyer. This property last sold in 2010 for $426K and was rebuilt and remodeled in 2012. It was on the market last year at the same price for 60 days before the listing was pulled.

224 Hollowell Ave Listed for $1,789,000 3 bed/3 bath
224
It only took 2 weeks for this single family home to find a buyer. The property last sold in 2012 for $1,360,000.

1901 PCH Listed for $1,799,000 2 bed/2 bath
1901
This one took a while to find a buyer. It’s a unique property being sold as a commercial/Residential property, on the west side of PCH. The upstairs unit is a 2 bed, 1 bath. This property last sold in 2010 for $1,249,000.

1868 Valley Park Listed for $5,399,000 8 bed/5 bath
1868
This is a massive 8-bed, 5-bath house just west of the greenbelt. It’s been on and off the market since September 2015, and now it has a buyer now. The property last sold in 2009 for $2.3M….as a short sale.

CLOSED
840 Loma Dr #4 Sold for $1,155,000 3 bed/2.5 bath
840
Sold for $144,900 below the original asking price. This attached townhome had a buyer after only a week on the market, however that deal didn’t stick. After 2 escrows and 6 months on the market, this townhome has closed escrow. It last sold in 1995 for $317K.

1600 Ardmore #130 Sold for $610,000 2 bed/2 bath
1600
Sold for $11K above the asking price! This 100-unit complex is just west of PCH along the greenbelt. #130 last sold in 2012 for $469,000.
Below are the 3 others units that have sold this year (2016):
1600 Ardmore
47 6th Sold for $3,150,000 3 bed/2 bath
47
Sold for $151K above the asking price in just 13 days! This property is located just a few steps from the beach. It’s not surprising that it found a buyer in just 13 days. It sold last year for $2.6M. It is hard to find good walk street properties here in Hermosa. Not many of them come available for sale.

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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