Hermosa Beach’s Most Affordable Homes – The Victorian

By Keith Kylethe-victorian-condos-hermosa-beach

Although there are occasional exceptions, the most affordable housing in Hermosa Beach is often in the complex located at 2411 Prospect known as the Victorian.  The Victorian is made up of 1, 2 and 3 bedroom condos ranging from 598 sq feet to 1,230 square feet for the rare 3 bedroom units.

the-victorian-pool-hermosa-beachThe Victorian was built in 1972-1973 so some of the homes are original and very much “fixers” while others are beautifully remodeled and look like model homes.  All units are individually owned and with 64 total units there are generally between 5-7 homes that come on the market each year.

The Victorian offers underground parking (in a shared lot but designated spaces), a pool, laundry room (units do not have interior laundry) and a nice courtyard area.  Although the building is located the-victorian-hermosa-beachabout as far east as Hermosa gets, the fact that the city is so small means it’s still just a short bike ride to the beach.

The prices have varied but 1 bedroom condos have generally sarted in the low $400,000s over the past 2 years.

If you would like to be notified of any new condos for sale in the Victorian in Hermosa Beach please fill out our FREE listing update form and let us know what you’re looking for.

 

August 2016 Home Sales and Home Prices in Hermosa Beach CA

By Keith KyleOcean View Townhomes in Hermosa Beach

August 2016 was a solid month for homes throughout the South Bay with Hermosa Beach seeing a sizable median increase from August of 2015.  Hermosa Beach saw 22 closed home sales in the month of August with a median home price of $1,723,000.  As of October 25th 2016 there are 112 active homes and income properties for sale in Redondo Beach and 129 homes currently in escrow.  The lowest priced sale in August was a 1 bedroom condo in The Victorian on Prospect at $425,000 with the highest sale at $6,450,000 for an oceanfront Strand home on a half lot.    View the current homes for sale in Hermosa Beach, CA or view a list of the homes sold in Hermosa Beach and the South Bay in August.

City Homes
Sold
August
2016 Median
August
2015 Median
Year
over Year % Change%
Carson 56 $450,000 $430,000 4.7%
El Segundo 15 $1,075,000 $780,000 37.8%
Gardena 43 $470,000 $399,000 17.8%
Harbor City 24 $523,000 $450,000 16.1%
Hawthorne 47 $575,000 $493,000 16.8%
Hermosa Beach 22 $1,723,000 $1,389,000 24%
Lawndale 16 $498,000 $437,000 13.8%
Lomita 23 $619,000 $510,000 21.4%
Long Beach 348 $463,000 $459,000 .8%
Manhattan Beach 36 $1,800,000 $1,923,000 -6.4%
Marina Del Rey 24 $1,059,000 $928,000 14.1%
Palos Verdes Estates 42 $1,412,000 $1,815,000 -22.2%
Playa Del Rey 16 $623,000 $560,000 11.2%
Rancho Palos Verdes 57 $1,065,000 $1,155,000 -7.8%
Redondo Beach 100 $968,000 $842,000 15%
San Pedro 70 $481,000 $475,000 1.3%
Torrance 179 $645,000 $585,000 10.3%
Westchester 44 $1,093,000 $890,000 22.7%

Court upholds Hermosa Beach short-term rental ban enforcement

In a win for Hermosa Beach, a court said the city can continue 315_26th_St_front1 copyenforcing its short-term rental ban.

Source: Court upholds Hermosa Beach short-term rental ban enforcement

December Home Sale Prices In Hermosa Beach Continue to Rise

By Keith Kyle506 25th Street Hermosa Beach

The December numbers are in and if there was any thought that the real estate market in Hermosa Beach was slowing or even leveling the numbers certainly say otherwise.

The average home price in Hermosa Beach for the homes that closed escrow during December was $1,771,899 with a median price of $1,575,000*.  That’s are fairly incredible numbers that still shows no sign of slowing or reversing.   The reasons are the continued demand with a limited supply of new listings, combined with some new construction and premium locations.  The numbers would have been significantly higher but there were a greater number of condo sales than usual.  See the chart below for the December home sales numbers for Hermosa Beach and the South Bay for December of 2015.

*Information above only reflects homes listed and sold on the MLS and does not include off market sales.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 10 $949,000 $735,000 20.2
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 21 $1,575,000 $1,360,000 15%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $826,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%

Notable Hermosa Beach Sand Section Sales

By Keith Kyle

December saw some significant sales and some huge numbers in the sand section of Hermosa Beach. Here are some of the notable sales.

View the current homes for sale in the sand section of Hermosa Beach.

506 25th Street Hermosa Beach506 25th Street – Sold at $2,265,000 – While this new construction from KKC didn’t sell at the list price of just under $2.4M this is a huge number for a townhome on the back side of the hill (or sand dune). It was a beautiful 2700 foot 4 bed, 3 1/2 bath detached townhome with high end finishes, but this is a huge number given that there were four homes all with very similar finishes and appearance. That’s a big number to pay given the situation but all 4 units have sold relatively quickly.

444 Hermosa Ave #102 – Sold at 444 Hermosa Ave Hermosa Beach$1,475,000 – This is a smaller 6 unit building in  a fantastic location just a 1/2 block to the beach but $1.5M for a condo is another milestone price. As it’s a 1st floor unit it has little to no ocean/beach views. The appeal to the units in this building is that they’re a great size at over 1700 feet, with 3 bedroom and it’s all on the same level. All of the units we’ve seen in this building have been great and this one was no exception as it was completely turnkey, but nearing $1.5 for a condo is fairly incredible.

1517 Hermosa Ave Hermosa Beach1517 Hermosa Ave – Sold at $3,730,000 – If this isn’t an indication of just how valuable walkstreet properties have become, we don’t know what is. 1517 Hermosa is a detached townhome on the corner of the walkstreet on 16th Street and Hermosa Ave. Although it’s on the beach side of the street this is still an incredible number for the combination of townhome and fairly busy street. It was a beautiful home and very well done, but still a pretty clear indication that we’re at an all time high in the sand section.

View all of the December and 2015 home sales in Hermosa Beach and Beach Cities.

Strong Home Sales in Hermosa Beach for April 2015

By Keith KyleSunset Strand reflections

Hermosa Beach at just over a square mile, doesn’t have the area to have numbers rivaling nearby Manhattan Beach and Redondo Beach.  But what it lacks in the number of homes for sale, it certainly makes up for in value.  The market has continued to sky rocket in this small coastal community.  The month of April saw a huge number of sales with 30 homes selling with an average home price of over $2,000,000.  The number was skewed considerably by the biggest sale of the month, the oceanfront home of 1942 The Strand.  While the home was a tear down it sat on a double lot that had both oceanfront and walkstreet frontage.  The intention appears to be to build two homes with the builder keeping one for themselves and selling the corner home.  The lowest price of the month was at $372,000 for a one bedroom condo in the Victorian which is generally the least expensive building in the city.  To see the current homes for sale in Hermosa Beach visit our updated Hermosa Beach homes for sale section.

MLS TYPE   ADDRESS  PRICE  BED/BATH AGE SQ
Ft
DOM
SB15025638 CONDO/A 1600 Ardmore AV #410  $ 775,000 2/2,0,0,0 1970/SLR 1071/A 61/145
SB15062421 TWNHS/A 1113 Valley DR  $ 1,080,000 2/2,0,1,0 1989/ASR 2058/A 28/218
SB15063198 CONDO/A 446 Monterey BL #3F  $ 1,104,000 3/1,1,0,0 1987/ASR 1331/A 27/27
SB15063532 SFR/D 207 16th ST  $ 1,750,000 2/2,0,0,0 1924/ASR 1415/A 16/16
SB15031078 TWNHS/A 819 Monterey BL  $ 1,799,000 3/2,0,1,0 2001/ASR 1829/A 26146
SB15053133 SFR/D 3225 Highland AV  $ 2,405,000 3/2,0,0,0 1961/ASR 1400 32/57
SB15055653 SFR/D 2030 Loma DR  $ 2,430,000 4/3,0,1,0 1992/ASR 3400/A 0/45
SB15004192 SFR/A 47 6th ST  $ 2,600,000 3/1,1,0,0 1948/APP 1163/T 83/83
15881051 SFR/D 2324 HERMOSA AV  $ 3,000,000 2/1,0,0,0 1912 802/A 18/18
SB15057170 SFR/D 2824 Hermosa AV  $  3,400,000 2/2,0,0,0 1939/ASR 1042/A 26/26
SB15072124 SFR/D 2232 Hermosa AV  $ 3,750,000 4/4,0,1,0 2005/ASR 3792/A 31413
SB14232129 SFR/D 123 29th ST  $ 4,085,000 5/5,0,0,0 2003/ASR 3668/A 151/151
SB14166431 SFR/D 3224 Hermosa AV  $ 6,425,000 2/1,1,0,0 1937/ASR 2800/S 238/238
SB14257472 SFR/D 1942 The Strand  $ 15,000,000 6/2,0,0,0 1913/ASR 3436/A 63/101
SB15051972 CONDO/A 1707 Pacific Coast Hwy #304  $ 575,000 2/1,1,0,0 1972/ASR 979 31/31
SB14226429 TWNHS/A 705 4th ST #C  $ 799,000 2/2,0,1,0 1978/ASR 1600/AP 61/81
SB15035783 TWNHS/A 709 3rd ST  $ 855,000 2/2,0,0,0 1985/ASR 1310/A 42098
OC15026228 CONDO/A 601 1st ST #7  $ 925,000 3/3,0,0,0 1990/EST 1529/A 49/49
SB15052582 CONDO/A 736 Gould AV #8  $ 1,255,000 3/2,0,1,0 1981/ASR 1833/A 42224
SB15080888 SFR/D 641 8th ST  $ 1,359,000 4/2,1,0,0 2002/SEE 2300/A 90/90
SB15031189 SFR/D 732 24th ST  $ 1,450,000 3/2,0,1,0 1987/APP 2151/A 26512
SB15026161 CONDO/A 2411 Prospect AV #215  $ 372,000 1/1,0,0,0 1972/ASR 627/A 55/55
SB15022060 CONDO/A 2411 Prospect AV #307  $ 479,000 2/1,1,0,0 1972/ASR 915/A 37/37
15886281 CONDO 831 6TH ST #2  $ 638,250 2/1,0,1,0 1983 1011/A 27/27
215003198 SFR 909 3rd ST  $ 750,000 1/1,0,0,0 1924 504/A 77/77
SB15043016 SFR/D 1738 Pacific Coast  $ 949,000 2/1,0,0,0 1948/EST 924/A 29/29
OC15052447 SFR/D 1143 7th PL  $ 965,000 3/2,0,0,0 1959/ASR 1159/A 46/46
PV15024381 SFR/D 620 Prospect AV  $ 1,515,000 3/2,0,1,0 1987/ASR 3089/A 35/234
SB15035302 SFR/D 1250 7th ST  $ 1,525,000 3/2,0,1,0 1954/ASR 1567/A 33/33
PV15043620 SFR/D 918 9th ST  $ 1,551,000 3/2,0,0,0 1952/ASR 2148/A 35/53

March home sales in Hermosa Beach

By Keith KyleOceanfront Strand Homes

March saw a healthy number of home sales in Hermosa Beach and an ever climbing median home price.  The month of March 2015 saw 20 closed home sales in this small coastal community with a median home price of over $1,300,000.  The lowest priced home was a 1 bedroom in the Victorian, a condo complex of of Prospect.  The highest price home sale was an oceanfront piece of property at 2721 The Strand at $11,810,000.  The home sits on an oversized lot in a fairly ideal location in the north sand section.  Visit our South Bay home sales site to see other months and other cities.  Visit our MLS link to see the current homes for sale in Hermosa Beach, CA.

MLS# Type    Address  Price Bed/Bath Year
214087518 CONDO 15  15th ST #26   $              835,000 2/0,2,0,0 1969
SB15001346 SFR/D 40  7th CT   $          1,050,000 2/1,1,0,0 1974/ASR
SB15013926 SFR/D 551  3rd ST   $          1,345,000 3/2,0,0,0 1967/ASR
SB15027290 SFR/D 132  Neptune AV   $          2,350,000 4/1,1,0,0 1940/APP
PV15024805 TWNHS/D 340  26th ST   $          2,550,000 5/2,1,1,0 2007/ASR
SB15036581 SFR/D 2464  Hermosa AV   $          3,750,000 4/3,0,0,0 1953/ASR
SB15067261 SFR/D 429  24th ST   $          3,899,000 5/3,0,0,0 2008/SLR
SB14236847 SFR/D 1649  Monterey BL   $          4,495,000 5/5,0,0,0 2010/ASR
SB15018567 SFR/D 2222  Hermosa AV   $          4,500,000 5/1,3,2,0 2006/ASR
SB15063165 SFR/D 2721  The Strand   $        11,810,000 4/4,0,1,0 1948/APP
SB14249441 TWNHS/A 501  Herondo ST #66   $              830,000 2/1,1,1,0 1987/ASR
SB15025580 TWNHS/A 723  3rd ST   $              879,000 2/3,0,0,0 1985/ASR
SB14252683 TWNHS/A 736  Gould AV #3   $          1,004,250 3/2,0,1,0 1980/ASR
SB15013445 TWNHS/A 596  1st ST   $          1,275,000 3/2,1,1,0 2007/ASR
SB15019277 CONDO/A 2411  Prospect AV #210   $              410,000 1/1,0,0,0 1972/ASR
SB15036503 SFR/D 826  18th ST   $              960,000 2/1,0,0,0 1948/ASR
SB15035510 SFR/D 1126  1st ST   $          1,050,000 3/2,0,1,0 1964/ASR
SB15028986 TWNHS/A 803  20th ST   $          1,100,000 3/3,0,1,0 2006/ASR
SB15013386 SFR/D 902  6th ST   $          1,500,000 4/3,0,1,0 1987/ASR
OC14190820 SFR/D 900  15th ST   $          1,595,000 3/2,1,0,0 1920/ASR

Hermosa Beach February Home Sales Slow As Inventory Way Down

By Keith KyleSunset Strand reflections

Hermosa Beach saw another slow month of home sales as inventory continued at record low numbers.  Although there were several “off market
sales, the sales recorded in the local MLS numbered a paltry 9 homes.  Although the number of home sales was down the sales prices once again were anything but low as the lack of inventory and high demand led to another month of big numbers.  The lowest home price was $640,000 for the 2 bedroom condo located at 320 Hermosa Ave while the top sale of the month was for the fixer/tear down at 136 Neptune…a stones throw from the beach.  View the February home sales below.  To see other South Bay cities or home sales in other months, visit our South Bay recent sales information page.

MLS# Type   Address  Price  Bed/Bath Year Sq Feet
SB14217595 CONDO/A 320 Hermosa AV #101  $ 640,000 2/1,1,0,0 1972/ASR 1115/A
SB14005999 TWNHS/A 1106 Palm DR  $ 2,150,000 4/3,0,1,0 2006/ASR 2660/A
SB14100959 SFR/D 402 31st ST  $ 2,399,000 3/2,1,1,0 2003/ASR 3098/A
SB15014319 SFR/D 136 Neptune AV  $ 2,450,000 3/2,0,0,0 1967/ASR 1542/A
SB15015351 TWNHS/A 501 Herondo ST #64  $ 789,000 2/2,0,1,0 1987/ASR 1439/A
SB14251132 TWNHS/A 635 5th ST  $ 1,575,000 4/3,0,1,0 2014/BLD 2770/B
SB14232390 SFR/D 1216 11th PL  $ 760,000 3/1,0,0,0 1956/ASR 912/A
SB15016909 SFR/D 825 18th ST  $ 1,185,000 3/2,0,1,0 1965/ASR 2344/A
SB14241320 SFR/D 1733 Prospect AV  $ 1,450,000 3/3,0,0,0 1974/ASR 2250/A

Hermosa Beach Real Estate Market Snapshot

Neither the weather nor the real estate market has cooled off much now that summer is over and there doesn’t appear to be any major shift in the market in the coming months.  Here’s what’s happening in Hermosa Beach….by the numbers.

  • Current listings – 23
  • Median home price – $1,875,000
  • Avg price per foot – $1,227
  • Average days on market – 94
  • Current listings – 7
  • Median home price -$1,229,000
  • Avg price per foot – $816
  • Average days on market – 151 (skewed by one home 555 DOM)
Pending Single Family
Pending Townhomes & Condos
  • Currently in escrow – 10
  • Median home price – $1,149,000
  • Avg price per foot – $1,011
  • Average days on market – 30
  • Currently in escrow – 13
  • Median home price -$1,239,000
  • Avg price per foot – $630
  • Average days on market – 41
Sold – SFR (since 9/1/14)
Sold TH/Condo (since 9/1/14)
  • Number of homes – 10
  • Median home price – $1,029,000*
  • Avg price per foot – $958
  • Average days on market – 75

*number of homes were sold for lot value which skews the numbers a bit

  • Currently in escrow – 9
  • Median home price -$1,170,000
  • Avg price per foot – $638
  • Average days on market – 75
Sand Section (all home types)
Hermosa Valley (all home types)
  • Active homes for sale – 18
  • Pending home sales – 10
  • Closed home sales – 6
  • Median active – $2,199,000
  • Median in escrow – $1,450,000
  • Median sold $1,500,000
  • Active homes for sale – 6
  • Pending home sales – 7
  • Closed home sales – 2
  • Median active – $1,599,000
  • Median in escrow – $899,000
  • Median sold – $1,535,500
East of PCH/Hill (all home types)
  • Active homes for sale – 8
  • Pending home sales – 6
  • Closed home sales – 11
  • Median actitve – $1,299,000
  • Median in escrow – $1,359,000
  • Median sold – $865,000

Two New Offerings in The Beach House Hermosa

The Beach House in Hermosa Beach is a very unusual housing option as it’s one of the only “condo/hotel” complexes in the South Bay.  Add to 1300-The-Strand-Beach-Housethat the fact that it happens to sit beach front near the Hermosa Beach pier area and it makes it all that more appealing for investors.   The owners can use the room (every room is individually owned and is not a timeshare situation) up to 90 days a year and the rest of the time it is rented and managed by the on site management.   Income from the unit is split 50/50 but they handle any and all maintenance, upkeep, management, rentals, etc.

At the moment there are two new listings, and one that has been on the market for a bit.

Click to see the current condos for sale in the Beach House in Hermosa Beach.