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A few months ago I wrote an article on “Sky High Hermosa Beach Apartment Building Prices.” The article focused on two completely remodeled, gorgeous apartment buildings with ocean views that came to market at record pricing. I dove into other sales trading at similar valuations and whether an investor would be compelled to own stocks or high-priced real estate by the beach. Fast forward to present day and those apartment buildings on 1536 Manhattan Ave and 1542 Manhattan Ave have sold. Those record high Hermosa Beach asking prices have officially become record high Hermosa Beach sales. For apartments, these sales are the highest ever per the MLS, even beating apartment sales much larger and on The Strand. According to
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