Prices, multiple offers and the market in general is heating again! 7 Day Market Update and Weekend Open House List

UPDATE_HEADER
10/7/16
5 New Listings (click to see)
3 In Escrow (click to see)
1 Closed Sales (click to see)

53 Active Listings in Hermosa Beach
SFR- 36
TWNHS- 13
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 30 Active listings
Valley Section: 12 Active listings
East Hermosa: 11 Active listings
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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
1220 Ocean Drive Listed for $1,699,000 3 bed/3.5 bath
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This home last sold in 2006 for $1,395,000. 1220 Ocean is only 2 lots north of Aviation and has potential views. The biggest challenge is that it backs up to an auto repair shop.

3330 The Strand Listed for $8,500,000 5 bed/6 bath
3330
That was quick! This property sold less than 3 months ago for $8,000,000 and is back on the market for $8.5M. It’s a dirt acquisition at that price.

945 1st Listed for $930,000 2 bed/2.5 bath
945
This home is part of a 4-unit townhome complex located a few properties east from PCH on the Hermosa/ Redondo border. This attached townhome last sold 3 years ago for $670K. The bigger challenge is that it is 2 bedrooms.

805 20th St Listed for $1,499,000 3 bed/3.5 bath
805
This home first hit the market in early July for $1,599,000 but after almost 3 months and a $100K price reduction it didn’t sell. This one is back on the market at the reduced rate of $1,499,000.

1942 The Strand Listed for $9,500,000
1942
This is a dirt proposition on the corner of The Strand and the 16th walk street. This lot and the lot to the south were purchased last year for $15M. Now they have been split and the corner is back up for sale. The original property (double lot) has already been scraped and the property next door is mid-construction.

IN ESCROW
1503 Bayview Listed for $1,999,000 4 bed/3.5 bath
1503
That was quick it only took a week to find a buyer. This is a newer build located a few blocks from the beach and steps from Pier Ave. 1501 Monterey, it’s twin, sold for $2.3M.

1600 Ardmore #203 Listed for $599,000 1 bed/1 bath
1600
In just 8 days this unit is in escrow. There are 100 units in this building (The Commadore). It’s only the second time this year a 1 bedroom has come up for sale in this complex. Unit #318 was for sale for about 2 months and didn’t sell.

1706 Manhattan Av Listed for $2,499,000 2 bed/1 bath
1706
This single family home was built in the 20’s and is 2 blocks from the beach. This one is a complete tear down, so it most likely sold for land value to a developer.
There was a lot of chatter about this opportunity and the other potential development property across the street at 1703 Manhattan Ave. Rumor has it that both properties received multiple offers and bid up over the asking price.2094 Manhattan, which is only a few short blocks to the north, sold for $2.4M in May 2016. It’s a 50 X 75 foot lot.

CLOSED
61 6th Sold for $3,900,000 5 bed/4 bath
61
This is a walkstreet duplex located on 6th and Hermosa Ave., 7 properties from The Strand. It sold for $250K below listing price. 47 6th St. just sold for $3.2M, however the lot size is smaller (2850 lot sq. ft. vs. 5146 sq. ft. for 61 6th).

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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