What Sold in the Los Angeles 90042 Hermon Neighborhood in 2016?

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Industry Observer CalBRE #01165532
https://activerain.com/droplet/4YZz

What Sold in the Los Angeles 90042 Hermon Neighborhood in 2016?

 

This is a real estate market activity report for the Hermon neighborhood within the city of Los Angeles zip code 90042.  In this report, I will share a information for homes sold in 2016 with a comparison to the previous two years.  I am also including a recap of homes currently on the market for sale Los Angeles 90042 Hermon Neighborhoodand in escrow.   Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the neighborhood.

 

Hermon is a neighborhood in the foothills of Northeast Los Angeles (NELA) located just east of the Arroyo Seco Parkway(110) adjacent to the city of South Pasadena about six miles north of Downtown Los Angeles and convenient to the USC Health Science Campus.  The historic community dates back to 1903 yet is often included as a part of Highland Park or the planned hilltop community of condos and townhomes in Monterey Hills which it shares zip code 90042.   Many of the homes in Hermon offer views.  

 

Hermon Dog Park in Los Angeles 90042Convenient but with a secluded feeling, Hermon is definitely under the radar when it comes to awareness which seems just fine with its residents who seem to enjoy the self-proclaimed funky and quirky lifestyle.   On Monda and Thursday early evenings, there are various food trucks at Fresco Community Market. The Hermon Clean Team goes out into the community on a monthly basis to pick up trash, coordinate bulk pick-ups and to ensure a better quality of living for residents.

 

There are a combination of turn of the 20th century homes which range from small and vintage to thoughtfully renovated.  The Oak Hill Estates area has multi-level homes built in 2004 and 2005.  There is quite a bit of renovation occurring in Hermon as well as signs of new construction too. Add some 1950s and 1960s era ranch style residences into the mix and you get a good idea of homes you can find here.   This is typically not a high turnover area.

 

Fresco Community Market in Hermon Neighborhood of Los Angeles 

 

 

The community features a small shopping area along with Hermon Park with its tennis courts, expansive green areas and off-leash dog park and the Hermon Clean Teamadjacent Ernest E Debs Regional Park and Audubon Center.   

 

Locals are proud of the small businesses in the area including civic-minded concerns such as Fresco Community Market where giving back to the community is an important part of the business philosophy.  A 2016 fire in the northwest section of the small shopping center shuttered a few of the businesses but promises to rebuild seem to be underway.  Residents are likely to travel to nearby Highland Park, South Pasadena or Pasadena for most shopping, dining and entertainment venues.   So if you are looking for a location that is convenient yet with a secluded feeling, Hermon may be the ideal fit.  In addition, to the previously mentioned Arroyo Seco Parkway(110), Hermon offers easy access to multiple other freeways and two Gold Line light rail stations.

 

Oak Hill Estates in Los Angeles 90042 Hermon

 

  • There were 17 homes sold in the Hermon community in 2016 ranging from $429,000 to $975,000 with an average sales price of $675,782(median sales price $640,000).   Over 50% sold at or above last list price for an average of 101.01% and an average price per square foot of $474.68 for the year.   

 

  • There are currently two homes on the market for sale.  One is a newly listed renovated three bedroom/two bath home with approximately 1531 square feet that is offered at $749,000.  This same home sold for $470,000 as a fixer in March, 2016.  A rare bank owned home in the Oak Hill Estates area with 2667 approximately 2667 square feet is offered through the auction process with a list price of $830,000 with a buyer’s premium added to the eventual sales price.  

 

  • Two additional homes are in escrow:  a renovated traditional and a home in the Oak Hill Estates development.

 

  • In 2015, there were 19 closed sales reported ranging from $385,000 to $920,000 with an average price of $588,237(median $550,000).  They sold at 98.82% of last list price and for an average price per square foot of $432.58 for the year.

 

  • In 2014, there were 23 transactions.  Those sales ranged from $255,000 to $1,125,000 with an average sales price of $592,213(median $532,500).  They sold at 100.46% of last list price and for $442.29 per square foot.

 

 

Due to the variety of homes available in Hermon, there are many factors that will be necessary in order for a prospective buyer to craft an appropriate offer or for a seller to establish the best possible listing price.   Year built, size of home and lot, view, condition, upgrades or lack thereof, emotional appeal, Funky and Quirky Hermontiming  as well as location within the neighborhood all come into play.   

 

I love to introduce people to the under-the-radar neighborhoods or the type of homes in our market where I think there will be a good match. With the information I gain through our discussions combined with the element of compromise, you will have an honest and informed overview of today’s local real estate market.   

 

If you would like to talk about what is important to you regarding Hermon or any Northeast Los Angeles(NELA) real estate contact me at 818.516.4393 cell.

 

Los Angeles 90042 View Homes  

 

Published:  January 22, 2017

 

What Sold in the Los Angeles 90042 Hermon Neighborhood in 2016?

 

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Michael - This is a really nice overview.  I can see that Hermon is a very desirable location to live.

Jan 22, 2017 06:08 AM #1
Rainmaker
3,832,301
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Michael Jacobs ,

You certainly know all the communities and the under radar communities like the Herman neighborhood. I like the way you weave the lifestyle into your market reports..gives you a real feel for the community and the make up of the residents.

Jan 22, 2017 06:09 AM #2
Rainmaker
1,627,411
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Good information to know. Thank you for sharing and best of luck!

Jan 22, 2017 07:05 AM #3
Rainmaker
3,205,356
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Michael  Jacobs, Hermon sounds like a keeper and a place that people should be calling you to help them move into.  Make it a great day!

 

Jan 22, 2017 07:15 AM #4
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, excellent idea to report on Los Angeles 90042 Hermon neighborhood and 2016 sales.

Jan 22, 2017 07:18 AM #5
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

What a nice description of Hermon and the community.  As usual, I am amazed at how little inventory there is in Hermon.  A

Jan 22, 2017 07:53 AM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Michael

The overview of the Hermon neighborhood and the market update provides just the kind of information buyer will want and need. Now thy just need your exceptional guidance and advice to make the right decisions.

Jeff

Jan 22, 2017 08:11 AM #7
Rainmaker
2,800,501
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael, This is an outstanding 2016 year end recap of the Hermon 90042 neighborhood. Knowing your markets truly adds value to the clients you serve. Knowing those under the radar neighborhoods and where to find unique homes that meet and exceed your clients needs means there is not doubt buyer and sellers are wise to hire Michael Jacobs 

Jan 22, 2017 09:20 AM #8
Rainmaker
3,209,384
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael if  you did not write about Hermon in 90042 most of us would not know where it is. After you started writing about this community now we want to life there, Endre

Jan 22, 2017 09:53 AM #9
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Michael: This is a new community to me as well. I have never heard of Hermon before you mentioned it. But yes, I would like seclusion and convenience to the city. I don't mind driving 6 miles into LA as long as I have a gorgeous home with a view. The middle 600s as a median price seems reasonable, too. I suppose the downside to homes in the foothills is strong rainstorms.

Jan 22, 2017 10:23 AM #10
Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hermon sounds like a quaint community with lots to do and see.  Nice market snapshot with price points and sales activity for the past year. 

Jan 22, 2017 11:00 AM #11
Rainmaker
3,363,198
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thank you very much for stopping by and your comments on this update of real estate market in the small community of Hermon in the city of Los Angeles 90042.   

Jan 22, 2017 12:41 PM #12
Rainmaker
773,148
David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

This is really a great report, I'm sure it is much appreciated.

Jan 22, 2017 01:03 PM #13
Rainmaker
1,122,644
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - Anyone looking to buy, or sell in the Hermon area in Los Angeles 90042 should call you first for help with their real estate needs! Excellent real estate update! 

Jan 22, 2017 03:36 PM #14
Rainmaker
3,248,021
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The Hermon neighborhood in Los Angeles 90042 is a neighborhood that's in demand.

Good luck and success.

Lou Ludwig

Jan 22, 2017 07:55 PM #15
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Again you have gone beyond the call of duty with this Los Angeles 90042 Hermon Neighborhood Market report Michael Jacobs. You are the market authority.

Jan 22, 2017 10:20 PM #16
Rainmaker
4,797,528
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 update for the Hermon neighborhood in LA.

Jan 23, 2017 05:14 AM #17
Rainmaker
3,363,198
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thank you for stopping by and your comments on this real estate market update for homes in the Hermon area of the city of Los Angeles 90042.   Some many people(including some agents) are unaware of this small area.  

With an approximate population of 3,000 or so people(not sure how many dogs/cats/birds) it's understandable that it might be grouped with neighborhing communities.    

Jan 23, 2017 10:14 AM #18
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