Bucking the low inventory trend – 8 Oceanfront homes on the Strand for sale in Hermosa

By Keith Kyle

With housing inventory in Hermosa Beach real estate seemingly never increasing, the oceanfront Strand is certainly the exception to the rule. As of March 21st there were 8 homes for sale on the Hermosa Beach Strand. The Strand is the beachfront strip made up of modern masterpieces, luxury homes and many original beach bungalows. Currently the lowest price beachfront home in Hermosa is priced at $6,900,000 being sold for land value with the highest priced home at $25M located at 2806 The Strand. One of the more interesting homes for sale is the home of Beverly Hills 90210 fame located at 3500 The Strand which sits on the border of Hermosa and Manhattan Beach. There are a number of Manhattan Beach oceanfront homes for sale as well.

Current Beachfront Homes for Sale in Hermosa Beach

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3500 The Strand – The Beverly Hills 90210 Beach House on the Market

By Keith Kyle

If you were born during or around the 70’s or just a pop culture fan, you’re certainly going to remember this house.  This is the place where Dylan, Brandon, Brenda and the rest of them hung out for the summer.  It also was a big turning point in the popularity of the show from what we’ve read as the show went from pretty tame to a bit racier when they hit the beach.

The home is actually located at 3500 The Strand in Hermosa Beach and is the very last home before the Strand takes a short push east and sits right on the border of Manhattan Beach and Hermosa.  It’s certainly not the only famous home in town but it’s one of the more recognizable.  We’re not quite sure how the 90210 crowd had it laid out, but it’s actually a triplex and given the unique location it fronts the beach on two sides.

All of this nostalgia and fame (more likely an extremely unique location for a future home) can be yours for a cool $16,500,000.  Contact us for more information.

Click to view the details and photos of 3500 The Strand in Hermosa Beach

 

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%

Oceanfront Abundance – Beachfront Strand Homes for Sale in Hermosa Beach

By Keith Kyle

It’s unusual that in a market in which the inventory remains so low and buyers will scratch and claw for just about any properties in the Sand Section, that the inventory of oceanfront homes remains very high.  The obvious explanation is that most buyers are priced out of homes now starting in the $7.0M range, but this is a town of seemingly endless wealth.  What really is driving this is the combination of the exclusivity of being able to buy an oceanfront home and the pace at which home prices along this rare stretch of beach have risen.  Of the homes currently on the market (not including the condo hotel of the Beach House)and sold in the past 18 months the average sale price is almost $10.5M.

Hermosa-Strand-Oceanfront-Homes

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

The Home that Keeps on Giving -2804 Hermosa Ave

By Keith Kyle2804 Hermosa Ave Oceanview Home

2804 Hermosa Ave

Last sold at the end of 2013 for $3.6M, 2804 Hermosa Ave is now listed for $5.1M. a 41% increase.

There are indicators of the overall real estate market and then there are homes that seem to reflect the market conditions all by themselves.  2840 Hermosa Ave in the sand section of Hermosa Beach is certainly one of those homes and at it’s current listing price is certainly raising the stakes once again.  It seems that the home is on the market just about every year and the most recent jump in value may just say it all about how much demand there is for sand section ocean view homes.  The home was built in 2002/2003 and since then has been on the market 12 times, sold 5 times and is now back as a new listing.  If the frequency of the listings isn’t an eye opener the latest price jump certainly is.  It originally sold for $2,204,000 in 2003 and then sold several times between 2005 and 2013 for prices in the low to mid $3.0Ms.  The most recent sale closed in October of 2013 for $3,600,000.  The latest listing, currently on the market, recently came out at $5,100,000….a price that not too many years ago was ocean front and of more recent times the only $5.0+ sales were new construction.  We’ll see what the home eventually sells for but anything over $5.0M will be quite the indication that the market and values have exceeded just about anyone’s expectations.

 

Some of our Favorite Hermosa Beach Sunsets

Living at the beach is good in just about every way, but the sunsets are truly magical.  Over the years we’ve seen many and appreciate them all.  Here are just a few Hermosa Beach Sunsets.

Lowtide Sunset in Hermosa Beach Hermosa Beach Activities - Stand Up Paddling Hermosa Beach Sunset SANYO DIGITAL CAMERA Volleyball at sunset in Hermosa Beach SANYO DIGITAL CAMERAHermosa Beach Sunset B-Court-Sunset-EB Hermosa-Sunset-KK  SANYO DIGITAL CAMERA

Will Increased Home Inventory in the South Bay Ease The Pressure?

What may be the beginning of a slight shift in the South Bay real estate market, inventory has continued to rise for the 5th straight month while both pending sales and sold homes remained relatively flat. Active homes for sale in July of 2014 were up 40% from the same month in 2013, while sold homes declined 11.7% and pending home sales only increased by 3.5%. This buildup of inventory may finally slow the market and lead to a market not so heavily favoring sellers.  The local Hermosa Beach real estate trends do not mirror the overall South Bay market with an actual decrease in active, pending and recent home sales.  Hermosa is a very unique market as the number of actual homes that exist are limited.  With only 1.4 square miles there is natural limitation on inventory and demand generally is always very high for this coastal community.

Beach Front Living on The Strand of Hermosa Beach

By Keith KyleOceanfront Homes

When most people envision perfection in beach living, they picture a home with endless views of the sand, surf and ocean.  The magnificent homes of The Strand offer just that.  With only a limited amount of space, these homes feature spectacular locations in which to sit back and relax.  Many of the original bungalows have been replaced with stunning estates with nano doors, high end amenities, and those panoramic views.  Homes range from the mid $6.0Ms to over $14,000,000.  Properties rarely come on the market and often sell quickly due to the unique and somewhat priceless location.   The majority of the properties are single family homes with a scattering of condos, townhomes and duplexes.  The most affordable option is the condo hotel located at 1300 The Strand known as the Beach House.

See the current beachfront homes on the Hermosa Beach Strand.