Hermosa Beach Weekly Update (3/12/19)
Hermosa Beach Weekly Real Estate Market Update
MARCH 12, 2019
Complete and updated information on Hermosa Beach homes for sale and the local housing market.
Hermosa Beach Stats
Inventory: 47 active MLS listings in Hermosa Beach (-1 from last week)
New listings this week: 6
Newly in escrow this week: 3
New closed sales this week: 4
New price cuts this week: 2
Featured New Listings of the Week
(4br/4ba, 2484 sqft.)
Agent's Description:
Trophy Ocean View Income Property in an A++ North Hermosa Beach location. This property is not your typical 1950's compartmentalized box as it was built in the 70's with walk in closets, large kitchens, an open floor plan and recently remodeled with stainless steel appliances, new counter tops, new cabinets etc. Each unit consists of its own 2 car garage and 2 bedrooms and 2 baths. Live now and take in income while knowing you are sitting on one of the best lots North Hermosa Beach has to offer for future development. Located in the heart of a classic coastal neighborhood, this trophy income property is a nucleus for family and friends. This peaceful retreat unfolds to reveal a thoughtful balance between indoor and outdoor living with many unexpected features. Relaxed but refined, crisp but inviting,the casual elegance of this purposeful environment embraces an active beach life where sun, sand, ocean breezes, and memories are closely interwoven.
List price: $2,995,000
(3br/2ba, 1160 sqft.)
Agent's Description:
List price: $1,499,000
Notable Sales of the Week
(3br/3ba, 1668 sqft.)
Agent's Description:
Though it is currently being used as a legal duplex, this two story property converts extremely easily into a 3 Bedroom 3 Bath home with a private, spacious yard. Literally cut out a little drywall at the entrance and the two units seamlessly connect as though this was intended. Plus this us an excellent area of northeast Hermosa Beach on a fabulous quiet street, just a stone's throw to Manhattan Beach. It is a solid investment property whether as an owner occupied home, home and income, or a straight investment property in a great rental area. The Lower Unit is 1 Bedroom/ 1 Bath with current tenant renting for $1,995 (Market of $2,500). Market for Upper Unit is $3,750. The Upper Unit has high vaulted ceilings with living room and balcony. Lower Unit includes a massive private backyard with lovely artificial turf, and a patio. Each unit has its own private laundry and each has been substantially remodeled. Not only is there a two car garage but also additional off street parking.
Sold price: $1,300,000
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 |
|---|---|---|---|---|---|---|---|---|
| 227 29th Street | 4/4 | 2484 | 2411 | $2,995,000 | $1,206 | 0 | $2,995,000 | 03/12/19 |
| 823 Monterey Boulevard | 3/2 | 1160 | 2505 | $1,499,000 | $1,292 | 1 | $1,499,000 | 03/11/19 |
| 1600 Ardmore Avenue 328 | 2/2 | 1048 | 59585 | $739,000 | $705 | 1 | $739,000 | 03/11/19 |
| 1600 Ardmore Avenue 224 | 2/2 | 1048 | 59585 | $735,000 | $701 | 5 | $735,000 | 03/07/19 |
| 2965 La Carlita Place | 3/2 | 2098 | 8689 | $2,999,000 | $1,429 | 5 | $2,999,000 | 03/07/19 |
| 3316 Hermosa Avenue | 5/7 | 4433 | 2555 | $7,900,000 | $1,782 | 6 | $7,900,000 | 03/07/19 |
NEWLY PENDING/IN ESCROW THIS WEEK
| ADDRESS | BD/BA | SQFT | LOT | PRICE | $PSF | DOM | START $ | START |
|---|---|---|---|---|---|---|---|---|
| 701 Longfellow | 0/0 | 1000 | 3500 | $1,599,000 | $1,599 | 254 | $1,679,000 | 07/02/18 |
| 25 8th Court | 3/3 | 1760 | 2863 | $2,295,000 | $1,304 | 175 | $2,395,000 | 09/19/18 |
| 1009 9th Street | 2/2 | 1122 | 3597 | $1,199,000 | $1,069 | 7 | $1,199,000 | 03/05/19 |
NEW CLOSED SALES THIS WEEK
| ADDRESS | BD/BA | SQFT | LOT | SOLD PRICE | $PSF | DOM | START $ | CLOSED |
|---|---|---|---|---|---|---|---|---|
| 1720 Ardmore Avenue 212 | 1/1 | 691 | 55440 | $562,000 | $813 | 65 | $575,000 | 03/12/19 |
| 1217 24th Street | 3/3 | 1668 | 3002 | $1,300,000 | $779 | 60 | $1,499,000 | 03/12/19 |
| 1832 Pacific Coast Highway | 3/4 | 2211 | 0 | $1,625,000 | $735 | 260 | $1,659,000 | 03/11/19 |
| 1928 Rhodes Street | 3/2 | 1235 | 2447 | $1,540,000 | $1,247 | 0 | $1,540,000 | 03/07/19 |
NEW PRICE CUTS THIS WEEK
| ADDRESS | BD/BA | SQFT | LOT | PRICE | $PSF | DOM | START $ | START |
|---|---|---|---|---|---|---|---|---|
| 1217 21st Street | 2/1 | 912 | 2496 | $995,000 | $1,091 | 114 | $1,175,000 | 11/18/18 |
| 1600 Ardmore Avenue 127 | 2/2 | 980 | 59585 | $729,900 | $745 | 27 | $740,000 | 02/13/19 |
Get More Hermosa Beach Real Estate Info
See the latest Hermosa Beach Housing Market Statistics, Prices and Trends.
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