Double The Price After A Remodel….Let’s See Where This Lands! 7 Day Market Update and Weekend Open House List- Hermosa Beach


3/16/18
3 New Active
5 In Escrow
6 Closed Sales
(see properties below)

48 Active Listings in Hermosa Beach
SFR- 25
TWNHS- 19
CONDOS- 2

Actives by Hermosa Areas:
Sand Section: 25 Active listings
Valley Section: 6 Active listings
East Hermosa: 17 Active listings

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
2710 El Oeste Dr. Listed for $4995,000 5 bed/6 bath /2 pwds 4

2710 El Oeste is a single family home with big ocean views that sits on a 7,255 lot. This home last sold in 2014 for $2,500,000 prior to it being remodeled. It’s a big mark-up and we are looking forward to seeing the outcome of this sale.

1934 Prospect Listed for $949,000 2 bed/1 bath

1934 Prospect is a single family home built in 1921. There are plans that have been prepared if the buyer wants to build a 3600 sq ft. home. It’s currently tenant occupied.

1754 Valley Park Listed for $2,799,999 4 bed/4.5 bath

Back on the market…1754 Valley is a single family home tucked behind Hermosa Valley school. This home last sold in 1994 for $299,500. 1737 Valley Park across the street was recently on the market for $2,300,000 (on a 9243 sq. lot) then taken off again after being on and off the market since early 2016.

IN ESCROW
522 24th Pl Listed for $3,300,000 3 bed/3.5 bath

In only 3 weeks, this extra long 50 X 161 lot in the sand section has a buyer. It looks like it will need some serious updating, however the price point is inline with what this pocket of Hermosa commands.

419 24th Listed at $2,199,000 3 bed/3 bath

After 8 months and a $400K price reduction, this home is in escrow.
419 24th is the classic Hermosa beach cottage home, built in 1911.

632 9th Listed for $1,749,000 4 bed/3.5 bath

This property was put back on the market after the holidays with a $25K price reduction. After almost 2 months, it is now in escrow. 632 9th is an attached 3 on a lot townhome located 4 houses east of Ardmore and the Greenbelt. This home was on the market briefly last year before it was put on hold over the holidays. It last sold in 2011 for $1,080,000. There are 20 townhomes actively for sale in Hermosa, and 17 of them are new construction or built within the last 2 years.

845 14th Listed for $1,200,000 2 bed/2 bath

That was quick! In 4 days this one has a buyer. 845 14th is a cute 2 bed, 2 bath home with peek-a boo ocean views. There is potential to live here or rent it, then later build a bigger home on the lot. This home last sold in 2008 for $790K.

15 15th #27 Listed for $1,049,000 2 bed/2 bath

15 15th which is part of a 27-unit complex. After a week, it is in escrow. This unit is located on the top southwest floor with nice ocean and Catalina views. Unit #12 sold last February for $1,050,000.

CLOSED
1101 Cypress Sold for $2,320,000 3 bed/3.5 bath

In only 5 days and $1K below asking price this property has sold. 1101 Cypress is a townhome located west of Valley. This home last sold as a brand new property in 2014 for $1,565,000.

1634 Loma Sold for $2,275,000 3 bed/3 bath

1634 Loma is a 2 on a lot detached townhouse with ocean views. This home last sold in 2008 when it was built for $1,480,000.

401 Gentry Sold for $2,175,000 5 bed/4 bath/2 pwds

This duplex sold all cash and for $80K over the list price. 401 Gentry is a duplex located on the corner of prospect and Gentry on a pie shaped lot with ocean views in the distance. This duplex last sold in 1998 for $770K.

1235 2nd Sold for $2,149,000 4 bed/4 bath

After the $151K price reduction, it took about 2 ½ months to find a buyer. 1235 2nd hit the market last April for $2,298,000, however after 4 months it didn’t sell. The property last sold in 2010 for $1,150,000.

501 Herondo #16 Sold for 1,085,000 3 bed/2.5 bath

After a short 4 days on the market, this condo sold for $46K above the list price. 501 Herondo is part of a 75 unit complex located on the Hermosa/Redondo border. Unit #35 just went into escrow with a list price of $1,029,000.

833 5th St #7 Sold for $975,000 3 bed/2.5 bath

After a significant price cut, and 231 days on the market, the final chapter has closed. 833 5th is a 10-unit condo complex located one property east of Pacific Coast Highway. The last unit to sell in this complex was unit #3 in 2011, for $630K.

3 New Listings (click to see)
5 In Escrow (click to see)
6 Closed Sales (click to see)

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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Post by Darren Pujalet

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