1501 Hermosa Ave Hermosa Beach, CA 90254

$380,000 Sold Price as of 07/11/1997

-- Beds
-- Baths
2,393 Sq.Ft.

Off Market

$380,000 Sold Price as of 07/11/1997 Refinance Your Mortgage

Map preview of 1501 Hermosa Ave, Hermosa Beach, CA 90254

Property Overview: 1501 Hermosa Ave Hermosa Beach, CA has -- bedrooms, -- bathrooms, 2,393 living square feet and 3,782 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1501 Hermosa Ave is currently an off market home in the city of Hermosa Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Hermosa Beach has a median list price of $2,949,000. The median price per/sqft for Hermosa Beach is $1,402. With those numbers in mind, if you are looking to purchase a median priced home in Hermosa Beach, CA and put 20% down you will need to save up $589,800 for the down payment and will need roughly $58,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Hermosa Beach the commission could be as much as $101,250. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1501 Hermosa Ave

Last sold for $380,000 on July 11th, 1997

November, 2023
Nov 1, 2023

Date

Expired

CRMLS: SB22200761

$385,000

Price
Sep 13, 2022

Date

Active

CRMLS: SB22200761

$950,000

Price
Listing provided courtesy of CRMLS

BACK ON THE MARKET & PRICE REDUCTION!!! Established Hermosa Beach Restaurant perfectly located approximately 100 feet from the sand in a trendy, well established, and high trafficked beach community. Established in 2005, this beautiful, upscale restaurant seats maximum 60 inside and 26 outside dining, has an Open Table Rating of 4.8 and an excellent reputation in the community having received numerous awards for its consistently delicious and fresh food and excellent service. This business has NO DEBT, LOW RENT w/ NO NNN’s, BEER & WINE LICENSE, and ALL EQUIPTMENT IS OWNED outright. It offers excellent revenue growth and the potential to extend business hours to 7 days/week. The restaurant is conveniently located across the street from a new hotel (offering event catering and room service menus), close to other South Bay Beach Cities, and within a short driving distance to LAX and the 405 Freeway. Don't miss out on this rare opportunity to own a profitable restaurant, with low operating expenses and no debt right up the street from the popular Hermosa Beach!

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September, 2022
Sep 12, 2022

Date

Canceled

CRMLS: SB22105517

$950,000

Price
May 18, 2022

Date

Active

CRMLS: SB22105517

$1,700,000

Price
Listing provided courtesy of CRMLS

Popular Hermosa Beach Restaurant perfectly located approximately 100 feet from the sand in a trendy, well established, and high trafficked beach community. Established in 2005, this beautiful, upscale restaurant seats 60 (inside and outside dining), has an Open Table Rating of 4.8 and an excellent reputation in the community having received numerous awards for its consistently delicious and fresh food and excellent service. This business has NO DEBT, LOW RENT w/ NO NNN’s and ALL EQUIPTMENT IS OWNED outright. It offers excellent revenue growth with the potential to extend hours to 7 days/week and is conveniently located across the street from a new hotel (offering event catering and room service), close to other South Bay Beach Cities, and within a short driving distance to LAX and the 405 Freeway. Don't miss out on this rare opportunity to own a profitable restaurant just up the street from Hermosa Beach!

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July, 1997
Jul 11, 1997

Date

Sold (Public Records)

Public Records

$380,000

Price

Tax History for 1501 Hermosa Ave

Assessed Value (2020): $547,492

Year	Land Value	Improved Value	Assessed Value
2020	$335,799	$211,693	$547,492

About 1501 Hermosa Ave

Detailed summary of property

1501 Hermosa Ave is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Hermosa Beach, CA 90254 and last sold on July 11, 1997 for $380,000. This property has -- bedrooms, -- bathrooms, roughly 2,393 living square feet, and sits on an approximately 3,782 square foot lot. Homes in Hermosa Beach are selling for a median price of $2,025,000 and a median price per square foot of $1,129. Based on Ardent Real Estate Group's Hermosa Beach Market Data, this home is sold 81.23% lower than the current median priced home. 1501 Hermosa Ave was last sold on July 11, 1997 for $380,000. Local nearby listings include 8005 Airlane Ave, 8038 Stewart Ave and 7417 W 81st St. The average home in Hermosa Beach, CA is selling in 83 days. There are currently 48 homes for sale in the Hermosa Beach real estate market and 32 of them are single family homes while 7 of them are condos and 9 are townhomes. If you are the homeowner and looking to sell the home at 1501 Hermosa Ave Hermosa Beach, CA 90254 contact Ardent Real Estate Group and we will put you in touch with one of our Hermosa Beach agents.

Public Facts for 1501 Hermosa Ave

Public county record property details

Beds: --
Baths: --
Year built: 1948
Sq. Ft.: 2,393
Lot Size: 3,782
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: 29
APN: 4183-005-033

The source for these homes facts are from public records.

90254 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$3,200,000

Median List Price/Sq.Ft.

$1,350

Median Sold Price

$2,025,000

Median Sold Price/Sq.Ft.

$1,129

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (8.33%), Other (33.33%)

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