01 - Street View 1_1nw.jpg
1 / 11

545 21st Street, Hermosa Beach, CA 90254

$7.00M5bd · 7ba · 5,086 sqft
Lot 7,495 sqft•Single Family Residence•
Active
•1271d on market•MLS# SB-23062504

Property Description

Exclusive Custom Home Opportunity! 545 21st Street (corner of Power Street and 21st) is a premium, oversized 7,500 square foot lot with approved plans and permits in-hand for a brand new 5,086 sq ft Single Family Residence + over 2000 sq ft of outdoor living space. This is your opportunity to work with the developer and choose your finishes for this custom dream home in this A+ location without the years-long wait for city approvals, and planning and research. Construction can start immediately and the list price includes the build of the finished home. The proposed home's layout was expertly designed by acclaimed Hamilton Architects, and includes a grand entry with soaring two-story high ceilings, massive gourmet kitchen with full butler's pantry, open floor plan living space with fireplace that also opens to an expansive backyard, 5 generous sized en-suite bedrooms + large office (also en-suite which could be 6th bedroom) and huge master bedroom with en-suite bathroom and oversized, walk-in closet. The immense backyard, sophisticated and fun, will include a pool and spa, hardscaped areas for outdoor dining/entertaining, an outdoor fireplace and open grassy area. Plans are available upon request. SELLER FINANCING AVAILABLE. Current "Buy It Now" price is $4.325m for property as - is with all city development fees and permits paid, approved field plans (blueprints) included. Price subject to change as project is ongoing.

Features & Amenities

FeeBuilt 2023

Property Details

Land Type
Fee
Year Built
2023
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
None
Flooring
Stone, Tile, Wood
City
Hermosa Beach
Zip Code
90254
County
Los Angeles
Listed byCompass, Mark Leddy

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$35,370.53
Principal & Interest
Loan Amount
$5,596,000
Total Interest
$7,137,390
Total Payment Over 30 Years
$12,733,390
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

545 21st Street, Hermosa Beach, CA 90254

Hermosa Beach · Single Family Residence

$7.00M
Luxury Tier
Beds
5
Baths
7
Sqft
5,086
Lot
7,495 sqft
Year
2023
$/Sqft
$1375
Pool: Yes✓
Spa: Yes✓
View: None✓
Garage: 2-car✓

Listed 7.6% above the median closed sale of $6,500,000. Price per sqft ($1,375) is a 13% discount to closed comps ($1,579). Closed comps sold at 93% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $7.00M· $1,375/sqft
Total list price
Closed comps
vs closed median $6.50M
+$495K (+7.6%)
Active comps
vs active median $7.30M
−$304K (−4.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,004
−$629 (−31.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2215 Manhattan AvenueHermosa Beach2016453,5602,343$2,050$7.30M1768
2451 SilverstrandHermosa Beach2026463,2702,563$2,443$7.99M4066
2434 Manhattan AvenueHermosa Beach2014444,1482,987$1,807$7.50M13765
2300 John StreetManhattan Beach1994675,2206,745$1,340$7.00M5365
2404 Alma AveManhattan Beach2014442,6261,777$2,380$6.25M1339
Total: 5 · Average4.45.23,764.83,283$2,004$7.21M52
Median3,560$7.30M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
724 24th PlaceHermosa Beach202210/05/2026554,5004,762$6.79M$6.50M$1,4440.9610276
719 24th PlaceHermosa Beach201801/21/2026584,5854,100$6.12M$6.12M$1,3351.00074
221 3rd StreetManhattan Beach200510/06/2026554,0672,705$8.00M$7.53M$1,8500.948965
621 6thManhattan Beach198905/20/2026444,2597,128$7.75M$6.50M$1,5260.847563
624 6th StreetManhattan Beach200601/29/2026543,4474,191$6.50M$6.00M$1,7410.9212161
Total: 5 · Average4.85.24,171.64,577.2$6.53M$6.53M$1,579.2—77.4
Median4,259$6.50M$6.50M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.