Recent Sales

Found 10 blog entries about Recent Sales.

1942-Strand-HB

All good things must come to an end. One historic, old Strand home in Hermosa Beach is the latest proof.

1942 The Strand has just sold for $15.000M. Not that the 102-year-old, rambling, shingled home was worth too much as-is.

That, apparently, is the value of two Strand lots these days in a prime Hermosa Beach waterfront location.

The 6630 sqft. corner lot fronting the 20th St. walkstreet and The Strand can be, and will be, divided in two.

One lot is said to be slated for a vacation home for an LA-area resident, while the second lot will be developed by a local builder.

Read more about the sale in this Easy Reader magazine story about the sale.

The property was last sold 48 years ago, in 1967... for $58,000. That's just 0.4% of the

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Village Condo.png

Down by the water, down by the pier, is a special little slice of Redondo Beach real estate – affordable condos in a community known as The Village.

In 2015, 12 of the Village condos have already closed escrow, and 3 more are in escrow as we write.

Among the three in escrow now is the biggest unit, and one of the priciest sales of the year so far: 210 The Village #202 at a list price of $719K. (Pictured above.)

Considering that a total of 26 Village units sold in all of 2014, we're looking at a speedy clip here in 2015. The Village is already on pace to surpass the total sales of last year in, perhaps, 9 months.

A look at some of the sales so far this year:

120 The Village 101Highly upgraded 120 The Village #101 (2br/2ba, 1435 sqft.) hit $760K in a sale

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517 5th st

There's maybe no simpler way to describe what's happening to Manhattan Beach real estate prices than to simply look at 3 recent listings.

On the treasured South End walkstreets of the Sand Section, a simple beach cottage will now set you back $3 million. The latest listing, pictured here, is at 517 5th St. (3br/2ba, 1475 sqft.), asking $2.989M. And that price has support in recent sales.

This trend has been developing for some time. Land values in this rarefied community (south of the pier, east of Highland) hit $2M a couple of years ago, then hit the high 2's in 2014.

The most recent pure land sale was a forehead-slapper: 316 4th sold as a land sale for $3.770M. Someone really, really wants to build a new home there, just a little more than

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1509maglina

South Bay real estate markets have heated up. Some would say there's a risk of overheating.

But for the time being, buyers have to see this market as it is. Ongoing appreciation is real.

You can measure it several ways, but one is to look at how the same house fares from one year to the next.

1509 mag kitch1509 Magnolia (3br/2ba, 1350 sqft.) is a Manhattan Beach remodel that was finished up by flippers about 2 years ago. To see the property today is to see it the same as when it was finished up in 2013.

Sale price in Oct. 2013: $1.355M.

And then, here we are just 18 months later, and the same property is newly in escrow, with a list price of $1.549M.

Since the deal was made quickly, we're going to assume that list price was hit or exceeded by the…

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