$7,700,000 Buys a Mansion at a Deep Discount! Rare Property….check this out. 7 Day Market Update and Weekend Open House List – Hermosa Beach


3/31/16
6 New Listings
5 In Escrow
2 Closed Sales
(see properties below)

44 Active Listings in Hermosa Beach
SFR- 27
TWNHS- 12
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 27 Active listings
Valley Section: 10 Active listings
East Hermosa: 7 Active listings

This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
306 29th Listed for $2,395,000 3 bed/2 bath

This Spanish colonial bungalow is located in the sand section. This is a duplex that has a detached 1 bedroom above the garage. It has actually been on the market for 17 days as an income property…and now it’s been listed under a single family. Even with market rents, this property has over a 41 Gross Rent Multiplier, which is extremely high. However, the value for this one is in the land and the location.

135 33rd Listed for $4,500,000 4 bed/3.5 bath

This is a single family home on a good street and a few homes from the strand.
It just sold last April for $3,684,500. They have given it a quick facelift and put it back on the market.

652 25th Listed for $1,600,000 3 bed/2 bath

This home is located in the Hermosa Hills area with views of Catalina and Palos Verdes. It seems to be priced accordingly.

540 1st #8 Listed for $959,000 3 bed/3 bath

This 10-unit complex is on the west side of PCH a block north of South Redondo Beach. It last sold in 2007 for $890K. The most recent units to sell were #10 for $649K and #1 for $677K in 2011.

526 3rd Listed for $1,695,000 3 bed/2.5 bath

This single family home is in the sand section, close to the Redondo/Hermosa border.
This property last sold in 2014 for $1,199,000.

1641 Golden Listed for $1,899,000 3 bed/3.5 bath

This two on a lot is located in the Hermosa Hill Section, perched high on the hill with nice views of PV and the ocean in the distance. 1641 last sold in 2015 for $1,750,000.

IN ESCROW
1430 Bonnie Brae Listed for $1,295,000 2 bed/2 bath

That was quick, in 9 days this one has a buyer. This home is actually considered a duplex. The home is 2/1 and the detached unit in the rear is studio with 1 bathroom. The property last sold in 1986 for $185K. 1229 9th St sold in December for $1,175,000.

1600 Ardmore #226 Listed for $700,000 2 bed/2 bath

After over 3 months and a $49K price reduction, this unit is in escrow. It is a popular 100-unit complex. Unit #226 last sold in 2011 for $433K

702 5th St Listed for $1,299,000 3 bed/2 bath

After 11 days, this duplex with a 2 bed/1 bath and 1 bed/1 bath and is located 8 houses west of Ardmore, is in escrow. This home last sold in 1994 for $245K.

330 Hollowell Listed for $1,499,000 4 bed/3.5 bath

After a price drop of $91K, this one is in escrow. This home was on the market for 138 days in July for $1,640,000 yet didn’t sell. This single family home is on the corner of Prospect and Hollowell. It last sold in 2012 for $1,060,000.

609 Longfellow Listed for $2,495,000 4 bed/3.5 bath

This unit is on the Longfellow side of the 610 Boundary detached townhomes. They have a similar layout, 4 beds & 3.5 baths and the same price tag.

CLOSED
1807 Valley Park Sold for $7,700,000 6 bed/5.5 bath

After almost 6 months and for $2,295,000 below the original asking price, the chapter has closed. This home is 6,528 sq ft and it sits on a 23,879 sq. foot lot. It has a pool, water slide, zip line and a guesthouse. The property is located west of Valley, a few blocks from the beach. It last sold in 2006 for $5,350,000. Even though this seems like a big # , it’s not uncommon to see these types of numbers a ¼ mile to the north in the Manhattan Hill section…often with lots that are ½ the size of this one.

342 Gentry St. Sold for $1,390,000 3 bed/2.5 bath

Gentry is a popular block lately. 342 is a single-family home built in 1964. It has sold for $1K over the asking price.

6 New Listings (click to see)
5 In Escrow (click to see)
2 Closed Sales (click to see)

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.

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