Hermosa Beach Weekly Update (8/28/18)

Posted by South Bay Staff on Tuesday, August 28th, 2018 at 6:30am.

Hermosa Beach Weekly Real Estate Market Update

AUGUST 28, 2018

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

Hermosa Beach Stats

Inventory: 60 active MLS listings in Hermosa Beach (-3 from last week)

New listings this week: 2

Newly in escrow this week: 7

New closed sales this week: 2

New price cuts this week: 2

Featured New Listings of the Week

1040 7th Street1040 7th Street Hermosa Beach CA

(3br/3ba, 2377 sqft.)

Agent's Description:

Rear Unit- 2 on a lot in Hermosa Beach. Totally free standing, no shared walls. No HOA. Beautiful wood floors. Featuring a formal living room as you enter, with a wood burning fireplace, and a rear door that leads to a small yard area. A few steps up take you to the dining room, kitchen and family room with a large balcony, and a fireplace and a second dining area. The Kitchen has granite counter tops and stainless steel appliances, there is a powder room on this level. Good flow for entertaining in the living space. Upstairs features 3 bedrooms 2 baths and a laundry room. The master bedroom has Great views and an updated master bath and a balcony with more views. The large rooftop deck has spectacular ocean and PV views. 2 car direct access garage. This home is very centrally located with easy access to shopping, the greenbelt, schools, parks and the beach.

List price: $1,740,000

Notable Sales of the Week

3411 The Strand3411 The Strand Hermosa Beach CA

(8br/4ba, 2443 sqft.)

Agent's Description:

A+ North Hermosa location at the far north end of the Hermosa Beach Strand. Existing duplex is in good shape and provides a great usable beach bungalow until the property is redeveloped. The property is priced attractively for redevelopment with lots in South Manhattan blocks away trading at $12M. 

Sold price: $6,500,000

 

840 18th Street840 18th Street Hermosa Beach CA

(4br/3ba, 3909 sqft.)

Agent's Description:

Enjoy amazing ocean views from almost every room of this massive, 3,909 sq ft, classic Hermosa Beach home. Featuring an impressive 2-story entry with grand staircase, this home was built for entertaining and enjoyment. The kitchen, living room, formal dining room and family room are located upstairs, taking full advantage of the fantastic views. The kitchen is open and spacious, with tons of counter and cabinet space, eating area, and a view that will make you want to hang out by the sink and wash dishes for hours! The dining room is adorned with a chandelier and refinished hardwood floors, and the step-down living room has a brick fireplace, vaulted ceilings, French doors leading to a balcony, and ocean views. The kitchen opens to a family room with vaulted ceilings, brick fireplace, wet bar, and French doors opening to a deck with terrific views. Follow the spiral staircase up to a roof-top deck with jaw-dropping panoramic views of the ocean and Beach Cities below. The upstairs also offers a bedroom/office and full bathroom. Downstairs, there are three large bedrooms with high ceilings, two bathrooms, laundry room, built-in bookshelves and a 3-car attached garage. The serene master suite has a fireplace, large closet, spacious bathroom and ocean view. There are French doors that open to a private back patio and fresh ocean breezes. This home offers the best of the beach: fantastic schools, world-class restaurants, trendy shopping, hip nightlife and that cool Hermosa vibe. 

Sold price: $2,425,000

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
1707 Pacific Coast 125 2/2 974 43536 $725,000 $744 4 $725,000 08/23/18
1040 7th Street 3/3 2377 5211 $1,740,000 $732 4 $1,740,000 08/22/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1120 Palm Drive 4/5 2776 4000 $3,495,000 $1,259 45 $3,495,000 06/21/18
1001 8th Place 3/2 1049 4016 $1,420,000 $1,354 14 $1,420,000 08/12/18
1220 17th Street 4/4 2900 4487 $2,395,000 $826 53 $2,450,000 07/03/18
1039 8th Street 2/1 1023 2998 $1,275,000 $1,246 68 $1,275,000 07/10/18
938 18th Street 4/4 2962 4419 $1,995,000 $674 59 $2,249,000 06/28/18
801 19th Street 3/4 2171 10454 $1,699,000 $783 96 $1,699,000 05/22/18
708 2nd St (back Home) 4/4 2541 4582 $2,099,000 $826 23 $2,099,000 07/26/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
3411 The Strand 8/4 2443 2275 $6,500,000 $2,661 23 $6,499,000 08/27/18
840 18th Street 4/3 3909 5537 $2,425,000 $620 1 $2,395,000 08/24/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1617 Raymond Avenue 3/2 1494 2336 $1,195,000 $800 17 $1,499,000 08/03/18
902 17th Street 3/4 2591 5598 $2,200,000 $849 163 $2,350,000 03/16/18

 

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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