HERMOSA BEACH REAL ESTATE
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Real Estate Market Information
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Hermosa Beach is a beach community in the South Bay of Los Angeles, bordered on the north and south by Manhattan Beach and Redondo Beach. The city consists of 1.3 square miles and has a very interesting history.
Sand Section: This neighborhood is adjacent to the ocean and is bordered by Herondo Street on the north (the northern boundary of the city adjacent to Manhattan Beach), Valley Drive to the East, and the southern border of the city. The area to the west of Hermosa Avenue is particularly desireable, and has alternating streets either open to traffic or closed to traffic (known as walk streets). The beachfront properties are adjacent to the Strand, a promenade that runs the length of the city's beachfront. There are three parks in this area, South Park, Cypress Park and Valley Park, all on the western side of Valley Drive.
Valley Section: This neighborhood is bordered by Valley Drive to the West, Pacific Coast Highway to the east, and the northern and southern borders of the city. This area is primarily hilly in terrain.
Hermosa East: This neighborhood is bordered by Pacific Coast Highway to the west, Prospect Avenue to the east, Artesia Boulevard to the north, and Anita to the south.This area has flatter terrain, and since it is furthest from the beach, the home prices here tend to be lower than the other two areas of Hermosa Beach.
Aerial View of Hermosa Beach with Valley Drive in center and Pacific Coast Hwy major street to the right of center
Entertainment & Culture:
Hermosa Beach is home to the Hermosa Beach Playhouse, a 502 seat venue for local stage theatre. The theater is used for professional theatrical productions, amateur ventures, community theater groups, dance recitals, film premieres, as well as conferences and seminars.The Comedy and Magic Club is located on Hermosa Avenue and is part owned by Jay Leno, who performs there on a regular basis. There are numerous restaurants in the vicinity of the Hermosa Pier, several of which are on the Plaza area in front of the Pier, which is closed to traffic.
Hermosa Beach Pier at Sunset R. Thompson
The Hermosa Beach City School District consists of only two elementary school sites, one for grades K-2 and the other for grades 3-8. High school students attend one of two high schools outside the city limits. High school students who reside in Hermosa Beach have the choice of which high school they may attend -- Redondo Union High School in Redondo Beach or Mira Costa High School in Manhattan Beach. This choice is guaranteed through legislation that was enacted in 1993 and will not change. These schools maintain very high test scores on state standardized tests.
Sports, Parks and Recreation:
The City has numerous small neighborhood parks, and a jogging/walking trail adjacent to Valley Drive constructed in a previous railroad right of way. Youth sports include little league baseball, AYSO soccer, basketball leagues, etc.
Noble Park, 14th St. & the Valley Park at Valley Drive & 27th
Property Taxes: The property tax rate for the fiscal year 2011-2012 is 1.037488% (computed by the standard 1.0% of the property's assessed valuation (in accordance with Proposition 13, a property's assessed valuation is the original purchase price, plus the cost of improvements, based on the value of permits pulled, plus an increase in valuation of 2% per year) plus additional tax rates for voted bonded indebtedness) plus direct assessments of approx. $200-$300 per parcel for such items as school parcel taxes, etc..
Taxes are assessed for the fiscal year running from July 1st through June 30th, with property tax bills payable in two installments on December 10th and April 10th. If a property changes ownership during the year, a supplemental tax bill will be prepared prorating the tax increase due to a change in valuation over the remainder of the fiscal year. If a change in ownership occurs between January 1 and May 31 this will result in two supplemental assessments and two supplemental tax bills. The first supplemental bill is for the remainder of the fiscal year in which the event occurred. The second supplemental bill is for the subsequent fiscal year.
Property Transfer Tax: The County of Los Angeles levies a transfer tax upon the sale of a property of $1.10 per thousand dollars of the sale price.
Police and Fire Protection:
The City of Hermosa Beach operates its own Police and Fire Departments
Population in July 2007: 19,414. Population change since 2000: +4.5%
Males: 10,295 (53.0%), Females: 9,119 (47.0%)
Elevation: 15 feet
County: Los Angeles
Land area: 1.3 square miles
Zip code: 90254Median resident age: 34.2 years
Median household income: $103,051 (year 2007)
For population 25 years and over in Hermosa Beach
- High school or higher: 97.5%
- Bachelor's degree or higher: 67.6%
- Graduate or professional degree: 23.3%
- Unemployed: 3.4%
- Mean travel time to work: 32.8 minutes
Crime in Hermosa Beach (2008):
- 0 murders (0.0 per 100,000)
- 6 rapes (32.3 per 100,000)
- 25 robberies (134.7 per 100,000)
- 115 assaults (619.4 per 100,000)
- 111 burglaries (597.9 per 100,000)
- 29 auto thefts (156.2 per 100,000)
- City-data.com crime index (2007)= 249.9 (higher means more crime, US average = 320.9)
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