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

227 29th Street

(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

823 Monterey Boulevard

(3br/2ba, 1160 sqft.)

Agent's Description:

This is a very charming duplex with a great top unit; one bedroom and one bathroom, with a living room and a den (which could be a small 2nd bedroom). This unit has a nice kitchen and a large balcony off the back with a small ocean view. The downstairs unit is a very large 1 bedroom unit with a large living room and a nice brick patio for some out door space. The property features lots of air and light and an original 2 car garage. This property is being sold in its current condition.
 

List price: $1,499,000

Notable Sales of the Week

1217 24th Street

(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

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $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

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $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

ADDRESSBD/BASQFTLOTSOLD PRICE$PSFDOMSTART $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

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $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.

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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