Hermosa Weekly Update (2/13/18)

Posted by South Bay Staff on Monday, February 12th, 2018 at 10:25pm.

Hermosa Beach Weekly Real Estate Market Update

FEBRUARY 13, 2018

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

Hermosa Beach Stats

Inventory: 41 active MLS listings in Hermosa Beach (-3 from last week)

New listings this week: 3

Newly in escrow this week: 6

New closed sales this week: 2

New price cuts this week: 6

Featured New Listings of the Week

730 24th Place730 24th Place Hermosa Beach CA

(3br, 2ba, 1220 sqft.)

Agent's Description:

The perfect starter home or the perfect place to build a new one! Enjoy it now, expand, or rent it out while you are planning out your dream home! The current home has been remodeled and is move in ready. Enjoy stunning ocean views from your dining/living area and back patio! The 37' x 108' lot is perfect for a future development if you so choose. If one were to build a second story one could have breathtaking panoramic ocean views! The home is adorned with beautiful beamed ceilings, hardwood flooring, and lots of windows that lets light flood in. The street is a very quiet cul-de-sac, with little traffic, set up on a hill. This home is also ideally located, walking distance to the greenbelt, downtown shops and restaurants, and the gorgeous Hermosa Beach sand!

List price: $1,699,000

1648 Palm Drive 1648 Palm Drive Hermosa Beach CA

(3br/2ba, 1196 sqft.)

Agent's Description:

This quintessential beach house offers 3 bedrooms, 2 baths, large deck & garage located north of downtown Hermosa & one short block from the beach! The original craftsman style of this home exudes character while giving you the modern conveniences of updated kitchen, bathrooms, large laundry room, newer windows & plumbing…plus lots of storage! Walk to all of the amazing Hermosa Beach restaurants, shops & nightlife or take a stroll along The Strand to Manhattan Beach or Redondo. This classic home is perfectly located close to downtown...but not too close! Live in now & build later to capture the beautiful ocean views. No other home in the sand section offers such an incredible beach lifestyle for this price!

List price: $1,499,000

501 Herondo Street 16501 Herondo Street 16 Hermosa Beach CA

(3br/3ba)

Agent's Description:

The lifestyle you've been dreaming of can be yours with this updated unit in the desirable Moorings. Complete with a private pool and spa right outside your door, this very special property provides you with everything you need to fully embrace the Hermosa Beach lifestyle. The master bedroom has an updated spa-like bath and a sunny nook to enjoy your favorite book. The spacious kitchen has been updated with granite counters and breakfast bar. Open concept floor plan. A separate bonus room is perfect for a home office, gym or playroom. Attached two car garage means you never have to worry about finding a spot again. Brand new carpeting just installed, hardwood and tile on first two levels. Relax on your own private balcony. Light and bright, this property is close to everything you need to enjoy the beach lifestyle-sand, surf, restaurants, Greenbelt and more, steps from your front door! 

List price: $1,039,000

Notable Sales of the Week

273 Valley Drive273 Valley Drive Hermosa Beach CA

(2br/3ba)

Agent's Description:

Bright and modern townhome with beautiful views of South Park the Sand Section. Completely renovated in 2014. Both bedrooms are on the upper level. Large 2 car garage with bonus storage room. Newly remodeled balcony overlooking the park. Renovated heated pool and jacuzzi in the complex. The water and gas are paid by the HOA. The property is located 5 mins away from the beach and steps from the Green Belt.

Sold price: $1,140,000

1300 The Strand #1311300 The Strand 131 Hermosa Beach CA

(1br)

Agent's Description:

Welcome to the Beach House in fabulous Hermosa Beach! This luxury 96 unit, individually owned "condo-hotel" complex, offers a unique owner usable/hotel managed property, exclusive to this area. The ownership investment (fee simple), allows the owner to reside in their unit up to 90 days/year with professional, onsite management and then shares the rental income 50/50 with the hotel management when otherwise rented. All units are furnished and include formal living room area with fireplace and sleeper sofa; kitchenette with built-in frig, microwave, sink and cooktop with 2 burners; adjacent sleeping area with king bed; modern, full bathroom with separate shower and tub; outdoor patio off living room area with partial park and ocean views; 2 large, flat screen TV's too. All appliances and furnishings belong to the owner and all utilities paid by the HOA... These units are hard to find and this one is currently the only one available at the Beach House.

Sold price: $650,000

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
501 Herondo Street 16 3/3 1446 92623 $1,039,000 $719 0 $1,039,000 02/09/18
730 24th Place 3/2 1220 4060 $1,699,000 $1,393 1 $1,699,000 02/08/18
1648 Palm Drive 3/2 1196 1346 $1,499,000 $1,253 1 $1,499,000 02/08/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
725 9th 3/3 2082 0 $1,399,000 $672 9 $1,399,000 01/31/18
401 Gentry Street 5/6 3672 4013 $2,095,000 $571 8 $2,095,000 01/31/18
833 5th Street 7 3/3 1470 13488 $975,000 $663 231 $1,250,000 06/23/17
1101 Cypress Avenue 3/4 2263 5009 $2,395,000 $1,058 38 $2,425,000 01/02/18
1724 Prospect Avenue 4/4 3750 8000 $2,699,000 $720 35 $2,699,000 01/05/18
725 21st Street 3/3 2593 13749 $2,600,000 $1,003 9 $2,600,000 01/25/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
273 Valley Drive 2/3 1494 959 $1,140,000 $763 0 $1,140,000 02/06/18
1300 The Strand 131 0/1 440 14384 $650,000 $1,477 20 $699,000 02/06/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
6 Meyer Court 4/4 2601 5060 $2,024,000 $778 30 $2,099,000 09/20/17
4 Meyer Court 4/4 2785 5060 $2,224,000 $799 52 $2,299,000 09/20/17
1050 9th Street 3/3 1440 3605 $1,650,000 $1,146 39 $1,799,000 01/01/18
1120 9th Street 2/1 900 5010 $1,249,000 $1,388 17 $1,289,000 01/23/18
834 Palm Drive 3/2 1122 1358 $1,350,000 $1,203 127 $1,600,000 10/05/17
224 Bayview 3/2 1080 1499 $1,359,000 $1,258 62 $1,499,000 11/30/17

 

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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