Surfwood Monterey Condos at 6140 Monterey Road Los Angeles 90042

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://activerain.com/droplet/4Yw5

Surfwood Monterey Condos at

6140 Monterey Road 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 in Affordable Los Angeles 90042 Condos2016 with a sales comparison to the last seven years.  Statistical information has been gathered from 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.  Its location at 6140 Monterey Road is near Avenue 60 and is just east of Arroyo Seco Parkway(110) and adjacent to the city of South Pasadena. The 92 unit complex consists of two bedroom, two bath units 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, tall ceilings, in-unit laundry connections and either a balcony or patio area.   The angled walls and niches found in the some of the units makes these condos a bit more interesting than what typically can be found in this price range.  Additionally, many of the upper floor units have even taller ceilings along with clerestory windows.

 

6140 Monterey Road Surfwood Monterey CondosCommon 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 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 affordable in Los Angeles.   The community is conveniently located between Downtown Los Angeles and the city of Pasadena with access to multiple freeways, the USC Health Science Campus, abundant shopping, dining, entertainment, recreation  and cultural venues.    

 

Affordable Condos in Los Angeles 90042 Hermon

 

  • There are currently two Surfwood Monterey condos for sale.  One 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.   The other is a new listing unit with approximately 1003 square feet. It is a street facing unit with some updates(first time open is this weekend).  It is priced at $408,800.   There are no units currently in escrow.

 

  • Sales in 2016 were quite active 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 sold at or above last list price for an average 102.39%.  The average price per square foot was $389.82 for the year.  

 

  • 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.

 

  • In 2012, there were also eight mls-reported transactions. The sales ranged from $200,000 to $230,000 with an average sales price of $219,750(median $225,000). They sold at 101.51% of last list price and for $203.97 per square foot on average.

 

  • 2011 reflected seven mls-reported sales ranging from $170,199 to $262,000 with an average price of $211,314(median $210,000). They sold at 93.54% of last list price and for $203.19 per square foot on average.

 

  • In 2010, there were just two sales.  Both short sales, they sold for $250,000 and $255,000(both over list price).   

 

Los Angeles Affordable Condos Near USC Health Science Campus

 

 



 

So while prices have increased, Surfwood Monterey remains a viable alternative to some of the more expensive areas of Los Angeles.  Whether you are a prospective buyer or a property owner thinking of selling, let’s discuss what is important to you.   And when that moment occurs I will review more detailed information about the current market by sharing the nuances in this or any other property that make a difference in the marketing of your home or your potential purchase. Interested in learning more?  I can be reached at 818.516.4393 cell. Happy New Year!

 

Published:  January 3, 2017

 

Surfwood Monterey Condos at

6140 Monterey Road Los Angeles 90042

 

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Rainmaker
1,959,218
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I wonder if they call these Surfwood because they make surfboards out of redwood trees? I mean, I see redwood trees. Honestly, I don't know what kind of wood they use for surfboards. It's a catchy name for a condo complex, though, in Pasadena. Seeing as how you are so close to the ocean and all, LOL.

You know what, Michael? I forgot to watch the Tournament of Roses Parade. I meant to, and I had looked up the times, but then I overslept, and by the time it was on again, the woman from the blind store was here. :(:( So bummed . . .

Jan 03, 2017 10:15 AM #1
Rainmaker
1,358,050
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

I've always liked Surfwood Monterey Condos in Los Angeles, prices of the condos are affordable and the location is convenient as well.
Those who are considering selling their Surfwood Monterey condo would be wise to call you, buyers are in luck with two active listings to choose from. If I  was buying or selling in the area, I would be calling one of the BEST Realtors I know, Michael Jacobs!

Jan 03, 2017 10:29 AM #2
Rainmaker
2,826,272
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- yes a bit unusual name for a complex that is located about twenty miles from the Pacific Ocean.  I don't know the origination of the complex name except there is another complex in Pasadena that pre-dates this one --- maybe a builder/developer who was once a surfer.  

In the next couple of days I'll post some photos and while it doesn't take the place of seeing them on television or in person, it may give you a bit of float fix.    

Jan 03, 2017 10:29 AM #3
Rainmaker
2,560,896
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael,  Thank you for another well written, eye-pleasing, informative market report.  I am so far behind on my market reports (need to finish October) and then ... well you know.  I am drawing inspiration from this post.  Thank you.

Jan 03, 2017 10:29 AM #4
Rainmaker
3,634,516
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Very nice profile and update on Surfood Monterey Condos.  Wishing you a wonderful week.  A

Jan 03, 2017 12:36 PM #5
Ambassador
1,738,904
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, excellent update on Surfwood Monterey Condos at 6140 Monterey Road.

Jan 03, 2017 12:57 PM #6
Rainmaker
2,826,272
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you for stopping by and your comments.   

Jan 03, 2017 01:09 PM #7
Ambassador
2,603,628
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Nice market report for Surfwood Monterey condos - the prices for those two units seem very affordable for the area. Interested buyers would have the best chance of a successful offer with your representation working for them.

Jan 03, 2017 03:47 PM #8
Rainmaker
4,145,241
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Michael.  Thanks for the detailed information and update for the Surfwood Monterey condo community.

Jan 03, 2017 04:43 PM #9
Ambassador
3,229,475
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Michael- you've shown once again why you are the local expert for Los Angeles CA.  This is information that buyers and sellers will want. 

Jan 03, 2017 05:39 PM #10
Rainmaker
1,879,331
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

With only 2 units currently for sale in Surfwood Monterey, buyer's better give you a call right away, so they can purchase one of them!

Jan 04, 2017 06:18 AM #11
Rainmaker
1,288,473
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, I have always liked the Surfwood Monterey Condos in Los Angeles. Your market reports are very detailed and concise. Such an affordable community in your area and there's no doubt you are the expert to contact for the best representation.

Jan 04, 2017 06:49 AM #12
Rainmaker
3,910,505
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thanks for sharing.

Jan 05, 2017 05:03 AM #13
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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