Surfwood Monterey Condos at 6140 Monterey Road in Los Angeles 90042

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://activerain.com/droplet/4XNV

Surfwood Monterey Condos at

6140 Monterey Road in Los Angeles 90042

 

This is a real estate market activity report for the Surfwood Monterey condominium complex in the Hermon area of Los Angeles 90042.   In this report I will share information regarding units in sale, in escrow and sold so far in 2016 with a
comparison to the last two full years.  Statistical information has been gathered 6140 Monterey Road Los Angelesfrom our local multiple listing service(mls) and may not include all transactions in the complex.  

 

Surfwood Monterey is a 92 unit condominium complex built in 1989. It is located at 6140 Monterey Road near Avenue 60 just east of Arroyo Seco Parkway(110) and adjacent to the city of South Pasadena. The complex consists of two bedroom, two bath condos in a variety of floor plans which range in size from just under 1000 to nearly 1200 square feet. Features of the condos include:  fireplaces, in-unit laundry connections and either a balcony or patio area.   Many of the upper floor units have taller ceilings along with clerestory windows.

 

6140 Monterey Road Los AngelesCommon areas include a lobby entrance, two elevators, a pool, spa, lounge area as well as a fitness center.   There are courtyards in the complex which gives Surfwood Monterey a more open feeling than many other condo communities.   Parking is gated on the ground level.   

 

Hermon is a community within the city of Los Angeles 90042 and while highly convenient it is definitely a bit under the radar even though its historical roots date back to 1903.  This is a benefit in my opinion as the market values in the area are some of the most relatively affordable in Los Angeles.   The community is conveniently located between Downtown Los Angeles and the city of Pasadena with USC Health Science Campus, abundant shopping, dining, entertainment, recreation and cultural venues easily accessible.

 
  • There is currently one Surfwood Monterey condo for sale.  It is a split bedroom floor plan(bedroom suites separated by the living areas of the unit) with approximately 958 square feet priced at $379,000.   So far in 2016, sales have been active in the complex with nine mls-reported closed sales.  These closed transactions range from $375,000 to $434,000 with an average sales price of $400,211(median sales price $409,400).  Seven of the nine have sold at or above last list price for an average 102.39%.  The average price per square foot currently stands at $389.82 year-to-date.  

 
  • Sales were also good in 2015 with eight reported closed transactions for the year. The sales ranged from $303,000 to $414,000 with an average price of $363,875(median $364,500).   They sold at 101.68% of last list price and $329.69 per square foot on average.  

 
  • In full year 2014, there were four mls-reported closed transactions ranging from $290,000 to $340,000 with an average sales price of $305,500(median sales price $296,000).  They sold at an average 97.92% of last list price and for $296.08 per square foot.

 

Surfwood Monterey Affordable Los Angeles Condos

 

So while prices have increased, Surfwood Monterey remains a viable alternative to some of the more expensive areas of Los Angeles yet offers a very convenient location.  Whether you are a prospective buyer or a property owner thinking of selling, let’s discuss what is important to you. I can be reached at 818.516.4393 cell.

 

Published:  December 1, 2016

 

Surfwood Monterey Condos at

6140 Monterey Road in Los Angeles 90042

 

 

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Rainmaker
280,797
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Michael, Surfwood Monterey condos look like a relatively small community, with nice features. It seems the exterior paint had been updated in recent years, too.

Dec 01, 2016 07:14 AM #1
Rainmaker
3,536,248
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

Surfwood Monterey is definitely a viable alternative for affordable condos.  I hope you sell the available ones.  A

Dec 01, 2016 07:21 AM #2
Rainmaker
1,266,327
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I like the fireplace and in unit laundry. Those are great features that make living there more pleasant.

Dec 01, 2016 08:00 AM #3
Rainmaker
1,810,096
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

With only one condo currently for sale within Surfwood Monterey, I would think that buyer's would be fighting for it.

Dec 01, 2016 08:01 AM #4
Ambassador
2,285,728
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

It is nice to see that there is at least one condo available to buyers in the Surfwood community.  The price point is very affordable which should drive interest way up.

Dec 01, 2016 09:30 AM #5
Rainmaker
2,724,035
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Surfwood Monterey has amenities and floor plans that seem attractive. Hoping you get the buyer for the 1 unit currently available!

Dec 01, 2016 12:55 PM #6
Rainmaker
1,348,147
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Surfwood Montere seems like the place and with only one condo for sale looks like people move in and stay!

Dec 01, 2016 01:42 PM #7
Rainmaker
1,257,848
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, Surfwood Monterey condos are a great option for buyers looking for affordable housing in Los Angeles. With only one condo currently for sale buyers need your expertise to be successful. You're just a call or email away and stand ready to assist.

Dec 01, 2016 04:15 PM #8
Ambassador
2,180,881
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

You do great real estate market reports. You know the complexes and neighborhoods so well, and you explain them in your reports. Keep up the great wood. 

Surfwood Monterey Condos seems to have a good price point for your market. 

Dec 01, 2016 04:42 PM #9
Rainmaker
1,071,198
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - Another great real estate market update for the Surfwood Monterey Condos at 6140 Monterey Road in Los Angeles, 90042!  You're the agent to call for help buying or selling!  

Dec 01, 2016 04:53 PM #10
Rainmaker
2,641,516
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Surfwood Monterrey Condos at prices one would not expect to find in sunny California...but with Michael Jacobs as your guide and Realtor, it could be your next home !

Dec 02, 2016 04:27 AM #11
Rainmaker
4,047,217
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  Thanks for keeping us updated with the Surfwood Monterey condos in the Hermon area of Los Angeles.

Dec 02, 2016 04:30 AM #12
Rainmaker
2,785,364
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you for your comments.   

Dec 02, 2016 07:30 AM #13
Rainmaker
533,968
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Surfwood Monterey Condo's do seem to be under the price radar from what I have been seeing with your excellent past market reports.  It is obvious buyers and sellers alike should be seeking Michael Jacobs  knowledge not only for Surfwood Monterey Condos but those in and around the Pasadena Cal. area.  Make it a great day Michael.  M

Dec 02, 2016 09:12 AM #14
Rainmaker
2,785,364
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you Mark Don McInnes, Sandpoint for the very kind words.  

Dec 02, 2016 09:32 AM #15
Rainmaker
2,557,415
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael, looks like the secret is getting out ans the Surfwood Monterey Condos are increasing in price points. I understand that there are some up and coming restaurants nearby too that were not on the radar years ago either...Endre

Dec 04, 2016 05:30 PM #16
Rainmaker
861,906
Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

Great opportunity for buyers looking to reside in Surfwood Monterey Condos. To make sure their dreams become a reality in 2017, buyers should contact Michael Jacobs for the best representation.

Dec 31, 2016 03:11 PM #17
Rainmaker
2,785,364
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you very much for your comments.  

Dec 31, 2016 04:04 PM #18
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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