Hermosa Beach Weekly Update (4/3/18)

Posted by South Bay Staff on Tuesday, April 3rd, 2018 at 12:37pm.

Hermosa Beach Weekly Real Estate Market Update

APRIL 3, 2018

Complete and updated information on Hermosa Beach homes for sale and the local housing market.

Hermosa Beach Stats

Inventory: 49 active MLS listings in Hermosa Beach (-1 from last week)

New listings this week: 6

Newly in escrow this week: 7

New closed sales this week: 2

New price cuts this week: 3

Featured New Listings of the Week

228 Manhattan Avenue228 Manhattan Avenue Hermosa Beach CA

(3br/3ba, 1943 sqft.)

Agent's Description:

This is a charming condo just 2 blocks to the beach. Enjoy beach living at its finest in this 3 bedroom, 3 bath middle unit in a 3 unit complex. Perfect beach home, light and airy with beach views and close to restaurants and stores. Unit has recently been updated with fresh paint, carpet and upgrades. Living room has marble fireplace and cozy dining room off kitchen. The kitchen sports stainless steel appliances including wine refrigerator, perfect for when you are entertaining. Sit out on one of the rooftop patios and take in the beautiful ocean, fresh air and coastline view. Layout out is contemporary, light and the perfect place for the beach life. The rooms are large with lots of light and windows. 2 car garage in front with direct access to house. Don't miss out. 

List price: $1,749,000

337 26th337 26th Street Hermosa Beach CA

(3br/2ba, 1568 sqft.)

Agent's Description:

Location! Location! Location! -- This legal 3BR/2BA Duplex is located in the highly coveted North Hermosa Sand Section only 3 Blocks from the Beach!! 2BR/1BA upstairs has huge ocean view deck with many possibilities to go up. Downstairs 1BR/1BA apartment also has an expansive deck for maximum outdoor living and enjoyment. This highly sought after section of North Hermosa's Sand Section is also steps away from Valley Park. Near many Restaurants, Bars and Coffee Shops yet in a tony Residential section with soaring home values. The almost 2500 sqft full street to alley lot will provide a savvy buyer the opportunity to build a beautiful multi-story ocean view dream home. The mid-block location on one of Hermosa's most desirable north-end drive streets provides awesome value and endless possibilities. Stand up high on the upstairs bench and see the unobstructed beautiful ocean views and your imagination will take you to what can be done with this awesome R2 zoned property. Don't delay! 

List price: $1,375,000

856 Cypress Avenue856 Cypress Avenue Hermosa Beach CA

(3br/1ba, 892 sqft.)

Agent's Description:

Hermosa Sand Section property ready for the next phase. R3 lot with room to build two units! Land next door was recently developed and shares the same dimensions. Please check with the City of Hermosa Beach for specifics. Adjacent to park, sand and surfing. Walk to the Farmers Market, Close to downtown, shopping, restaurants, and entertaining. Property is currently leased at prevailing market rate and can be delivered tenant occupied or vacant. Great opportunity for builder to do all preliminary groundwork for build while collecting rent from existing tenant.

List price: $1,399,000

Notable Sales of the Week

1240 21st Street1240 21st Street Hermosa Beach CA

(2br/1ba, 1310 sqft.)

Agent's Description:

Lowest Price property in Hermosa Beach! Prime Hermosa Hills new development or fixer opportunity! Ocean views are possible with a new build at this great location! Large 5003 squares foot, 50x100 foot flat lot. Great potential for a spec builder or an individual to build your dream home. Currently a 2BR/1BA, 1310 square foot home with a small backyard guest house. Sold “As-is.”

Sold price: $1,250,000

 

 

429 Bayview Drive429 Bayview Drive Hermosa Beach CA

(3br/4ba, 2000 sqft.)

Agent's Description:

Have you been searching for amazing ocean views from Catalina to Malibu? See the beach from your home and from your deck, conveniently situated off your living space, or just take a short walk down to the sand! This lovely totally detached townhome feels like a single family home and shows like it's new with gleaming oak hardwood floors, open floor plan, and exhibition kitchen suited with lovely granite counters, travertine backsplash and stainless appliances. The living space boasts a great dining area and a bar off the kitchen for those more casual meals, or enjoy the Hermosa sunsets year round summer and dine alfresco out on your balcony. The home also has 3.5 bathrooms, all tastefully remodeled. Other upgrades include: vinyl railings and fence, vinyl doors and dual pane windows, custom window coverings and shutters, tinted windows upstairs, dumbwaiter (garage to 3rd floor kitchen), tons of storage and an outdoor shower. Award winning Hermosa Beach school district, a block from beautiful and newly renovated South Park, and within a short walk to downtown Hermosa to enjoy our great restaurants & shops. 

Sold price: $1,800,000

 

Complete Market Report Data

Here is our full market report on Hermosa Beach real estate for the week.

Click on any property address to see all photos & listing data online.

NEW MLS LISTINGS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
701 Longfellow Avenue 2/1 1170 7509 $4,999,900 $4,273 0 $4,999,900 04/02/18
856 Cypress Avenue 3/1 892 3147 $1,399,000 $1,568 0 $1,399,000 04/02/18
337 26th Street 3/2 1568 2486 $2,100,000 $1,339 1 $2,100,000 04/01/18
1707 Pacific Coast 408 1/1 722 43536 $519,900 $720 4 $519,900 03/29/18
228 Manhattan Avenue 3/3 1943 4017 $1,749,000 $900 5 $1,749,000 03/28/18
122 Bayview Drive 3/2 1542 902 $1,375,000 $892 5 $1,375,000 03/28/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
940 5th Street 3/3 2504 4865 $1,649,999 $659 11 $1,649,999 03/22/18
434 Gentry Street 2/2 992 2490 $1,175,000 $1,184 45 $1,229,000 02/16/18
125 4th Street A 4/4 2336 2928 $2,250,000 $963 25 $2,388,000 03/08/18
3218 Morningside Drive 5/5 3616 2462 $3,949,000 $1,092 144 $3,999,000 11/09/17
1504 Monterey 3/4 1800 1244 $2,695,000 $1,497 10 $2,695,000 03/19/18
1256 14th Street 2/1 913 4151 $850,000 $931 28 $850,000 03/05/18
926 15th Street 3/3 2503 5676 $1,729,000 $691 17 $1,729,000 02/27/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
1240 21st Street 2/1 1310 5003 $1,250,000 $954 29 $1,279,000 03/29/18
429 Bayview Drive 3/4 2000 2995 $1,800,000 $900 10 $1,719,000 03/28/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
255 28th Street 3/2 1150 2407 $2,400,000 $2,087 47 $2,600,000 02/14/18
259 28th Street 4/4 2148 2399 $2,900,000 $1,350 47 $3,100,000 02/14/18
708 2nd 4/4 2541 4582 $2,150,000 $846 33 $2,299,000 02/28/18

 

Get More Hermosa Beach Real Estate Info

See the latest Hermosa Beach Housing Market Statistics, Prices and Trends.

See all Hermosa Beach real estate listings and neighborhood information.

See the Hermosa Beach Dashboard for up-to-the-minute info on all the listings and activity in the local real estate market.

Plan your open house visits by reviewing our complete list of Hermosa Beach Open Houses.

 

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