Hermosa Weekly Update (2/20/18)

Posted by South Bay Staff on Tuesday, February 20th, 2018 at 8:24am.

Hermosa Beach Weekly Real Estate Market Update

FEBRUARY 20, 2018

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

Hermosa Beach Stats

Inventory: 44 active MLS listings in Hermosa Beach (+3 over last week)

New listings this week: 3

Newly in escrow this week: 2

New closed sales this week: 4

New price cuts this week: 0

Featured New Listings of the Week

259 28th Street259 28th Street Hermosa Beach CA

(4br/4ba, 2148 sqft.)

Agent's Description:

Perched near the top one of the most charming streets in the prestigious North Hermosa Sand Section sits this rare quadplex with south and west facing ocean views. This well-kept multi-unit home features four 1-bedroom 1-bath units each with remodeled kitchens including granite counter tops. This home is centrally located between both Manhattan and Hermosa piers, restaurants and shops. Whether you’re looking for a weekend home with income or pure investment property, this rare find offers everything that makes Hermosa Beach one of the best communities in California. – Buyer to Verify

List price: $3,100,000

255 28th Street255 28th Street Hermosa Beach CA

(3br/2ba, 1150 sqft.)

Agent's Description:

Located in the highly coveted North Hermosa Sand Section sits this charming 3-bedroom, 2-bath beach house. Situated near the highest point on the street, the spacious front yard boasts south-facing views of Palos Verdes and Catalina. For families looking to move in and add their own taste, this home offers proximity to award winning schools, the beach and is centrally located between Manhattan and Hermosa piers. For builders, this bright, full sized R2-zoned lot offers the potential to build a home with south and west-facing ocean views. Whether you’re looking for a home with award winning schools, an income property or choose to build, this property offers all of those options in arguably the best part of Hermosa Beach. – Buyer to Verify

List price: $2,600,000

434 Gentry Street434 Gentry Street Hermosa Beach CA

(2br/2ba, 992 sqft.)

Agent's Description:

A Must See Original West Facing Hermosa Beach bungalow with ocean views. Enter through the gated front yard to find a classic 2 bedroom, 2 bathroom home with exposed beamed ceilings throughout. This home features hardwood floors, French doors that open out onto a private patio offering the sought out California indoor/outdoor lifestyle. The home has tons of original charm and is ready for someone to come in and create their own masterpiece. There are plenty of outdoor areas to take in the ocean breezes and enjoy daily sunsets. This charming must-see property is loaded with potential. Included in the sale, are plans for a modern prefab 2,200 sq ft 3 bedroom 2 bath house designed by Jennifer Siegal - Office of Mobile Design.

List price: $1,229,000

Notable Sales of the Week

701 Longfellow Avenue701 Longfellow Avenue Hermosa Beach CA

(2br/1ba, 1170 sqft.)

Agent's Description:

Corner lot on Longfellow and Tennyson -- what great potential. Imagine the possibilities! Potentially build TWO custom homes or one depending on your plans. You have 2 lots, 2,500sf and 5,000sf approx. Great VIEWS, Great Location. Remember the city of Hermosa Beach has the final say of what can be built. Both lots are being sold together and for land value only. There is a small home on the lot. This location in north Hermosa is one street from Manhattan Beach and has the potential to be the trophy home for the neighborhood.

Sold price: $3,175,000

1820 Manhattan Avenue1820 Manhattan Avenue Hermosa Beach CA

(2br/2ba, 1100 sqft.)

Agent's Description:

GO FOR EQUITY ON DAY ONE WHEN YOU BUILD ON THIS PERFECT SPOT...THESE LISTING PHOTOS WERE TAKEN BY A HUMAN BEING-NOT A DRONE-SO THEY ARE A REALISTIC PORTRAYAL OF THE WONDERFUL PANORAMIC VIEWS YOU WILL ENJOY WHEN YOU BUILD YOUR DREAM HOME...AND THE VIEWS WILL NOT INCLUDE ANY TELEPHONE WIRES-THIS ONE OF THE FEW BLOCKS IN HERMOSA WITHOUT THEM...AND VIEWS WILL BE FROM INTERIOR LIVING SPACES, NOT JUST A ROOFTOP DECK OR A BALCONY FROM WHICH YOU HAVE TO CRANE YOUR NECK TO SEE BLUE AT ALL. THIS HBR2 PROPERTY AS IT NOW STANDS IS AN UP AND DOWN DUPLEX AND A DETACHED 2 CAR GARAGE WITH A PRIVATE YARD IN BETWEEN THAT IS THE PERFECT EXTENSION OF THE LIVING SPACE...BUT WHAT AN OPPORTUNITY TO BUILD. CHECK OUT PRICES OF SFRs OVER 3,600 SQ. FT. ON THE MARKET NOW-THEY AVERAGE $4.9M. JUST 2 BLOCKS FROM THE BEACH, IN CLOSE PROXIMITY & WALKING DISTANCE TO SAND, HERMOSA PIER, SHOPPING, RESTAURANTS AND AWARD WINNING SCHOOLS. DROP ON BY!!! PLEASE DO NOT TRESPASS, DO NOT DISTURB TENANTS. GREAT TENANTS-WHO WANT TO STAY...YOU WILL ENJOY INCOME WHILE PLANNING YOUR BEACH GETAWAY. BUYING HERE HAS BEEN A SMART DECISION FOR OUR FAMILY-IT WILL BE FOR YOURS TOO. 

Sold price: $2,225,000

925 15th Place925 15th Place Hermosa Beach CA

(2br/1ba, 1029 sqft.)

Agent's Description:

Remodeled 1928 French Cottage - 2 Bed, 1 Bath - 1029 Sq Ft. Old World Charm meets A+ Location in the Hermosa Hill Section. Nestled on a Quiet Street, this South Facing Street to Street 3400+ Sq Ft Lot Sits high on the Crest of the Hill with Stunning Front Yard, Backyard, Pier and Ocean Views. Arched Doorways, Coved Ceilings and tons of Natural Light greet you in the extra-large Living Room. Original 3” Douglas Fir Wood Flooring throughout. Kitchen comes with an original 1950 6-Burner O’Keffe & Merritt Stove, Farmer’s Sink, Dutch Door and new Cabinetry. Dining Area has beautiful Built-in Buffet with new drawer system. Pristine decorative Light Fixtures highlight both Bedrooms. Pedestal Sink, Beveled Mirrors, Subway Tile and Penny Round flooring complement the renovated Vanity in the Bathroom. Original 2-Panel Shaker Solid Core Pine Interior Doors with antique Chrome Plated Glass Door Knobs and Emtek Crystal Cabinet Knobs throughout. Classic White Beadboard Ceiling and Walls in Utility Room. Mecho Shade Window Treatments. 1 Block to Pier Ave - WALK SCORE 95! Walk to Downtown, Shops, Restaurants and Coffee Ideal for Owner/User, Build later. Property Sold 'As Is'

Sold price: $1,370,000

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
434 Gentry Street 2/2 992 2490 $1,229,000 $1,239 1 $1,229,000 02/16/18
255 28th Street 3/2 1150 2407 $2,600,000 $2,261 3 $2,600,000 02/14/18
259 28th Street 4/4 2148 2399 $3,100,000 $1,443 3 $3,100,000 02/14/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1120 9th Street 2/1 900 5010 $1,249,000 $1,388 24 $1,289,000 01/23/18
501 Herondo Street 16 3/3 1446 92623 $1,039,000 $719 8 $1,039,000 02/09/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
1820 Manhattan Avenue 2/2 1100 2343 $2,225,000 $2,023 219 $2,500,000 02/16/18
123 34th Street 5/3 2380 2554 $2,700,000 $1,134 102 $2,499,000 02/16/18
701 Longfellow Avenue 2/1 1170 7511 $3,175,000 $2,714 250 $3,200,000 02/16/18
925 15th Place 2/1 1029 3412 $1,370,000 $1,331 47 $1,550,000 02/14/18

NEW PRICE CUTS THIS WEEK

 

 

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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