Small But Mighty –  Hermosa Beach

Small But Mighty – Hermosa Beach

Hermosa Beach is only 15 blocks wide, east to west, and 40 blocks long, north to south with Pacific Coast Highway (PCH) running almost right down the middle. Hermosa means “beautiful” in Spanish, and Hermosa Beach is just that, a beautiful little city. It has flat, sandy beaches that are ideal for sunbathing, volleyball and surfing. The beach here tends to be wide and great for sand sports. The Travel Channel has named Hermosa Beach as “one of the Top 10 Beaches” in Southern California. The Hermosa Beach pier is located at the end of Pier Ave. and has great entertainment options, nightspots, bars, lounges, and restaurants. The residents of Hermosa Beach are living the true California beach lifestyle and lovin’ it.

The housing options in the Hermosa Beach real estate market are diverse with some great real estate bargains available in just about all of the different neighborhoods too.

West of PCH, there are mostly single-family homes with some apartments and condos. East of PCH, on the gradual hilly slopes you will find middle class and upper middle class neighborhoods of more custom type single family homes. There are many multiple housing options in this area also. Hermosa Beach real estate options consist of single-family detached homes for sale, estate properties, condominiums, foreclosures, land and townhouses near the beach. Hermosa Beach is a beautiful place to live, work and raise a family. There are residences on the Strand, bungalows scattered throughout the town, and multilevel homes in the hills with ocean views. Hermosa Beach offers a variety of Southern California options for any lifestyle.

There are many corporations and various industries in Hermosa Beach including professional, scientific, management, administrative and waste management services, educational, health and social services, manufacturing, information technology, finance, insurance, real estate and rental, and leasing, and of course beach and surfing related businesses.

Oleg Tverdovsky Sells Manhattan Beach Home

Oleg Tverdovsky Sells Manhattan Beach Home

It was news when Oleg Tverdovsky bought a beautiful Manhattan Beach home in 2007 for 2mil 49 thousand dollars and it is certainly news now that he sold it for $2,065,000. The beautiful Manhattan Beach home has 3,350-square-foot of living space home with five bedrooms and four bathrooms.

Los Angeles is not losing him altogether, as the super star still owns a home in Bel-Air which he bought in 2010 for $5.4 million.

CC&Rs and Purchasing a Condo

CC&Rs and Purchasing a Condo

In recent years, in the South Bay real estate Market, condominiums have become more and more popular with all age groups and income brackets, and for good cause. More and more people are choosing condos as their homes and many say its because of less maintenance and upkeep over a single family home. In a condominium complex there is no yard work, painting that has to be done,(except for inside)etc.

When purchasing a condo or a home in a planned development, or cooperative or common interest development, like a condominium, there are covenants written specifically for that complex or development to maintain the property values, safety, asthetics, etc., thus helping to increase the value of the investment the homeowners have made. Covenants are often lumped together under the collective term of “covenants, conditions, and restrictions” or CC&Rs, which is a term commonly found in real estate documents. Since most covenants involve some kind of condition or restriction placed upon the buyer, the collective term “CC&Rs” has been more widely used in recent years to indicate the existence or future existence of limitations associated with the use of the purchased land also. CC&Rs basically affect what you can do, or not do, on “common area” of the property. For example: you most likely can’t park your boat or RV in the driveway, put up a basketball hoop, put up a fence, even plant trees without pre approval from the homeowners association and in accordance with the developments CC&Rs. In some condo buildings, or developments, you may not be able to rent out your condominium unit.

When looking at real estate to purchase, your South Bay Realtor is the best person to explain the CC&Rs and the responsibility of the homeowners association for a condo building or complex. CC&Rs are written by attorneys and are submitted to the building department and approved by the city during the initial construction permitting phase.