I have a CPR designation in this area. A CPR is a Certifted Past Resident who knows no less or no more than the rest of the population of ex residents and current homeowners who reside there in. So let me say this about that.
Question is slightly skewed and not relevant. MB is upper crust family oriented beach community. Getting in is always desirable for prestige of living there, schools and lifestyle. Your kid will likley seek the latest top of the line Apple Lap top to compete with other 3rd grade students. Trick or treat costumes ordered from Calvin Klien a must.
Hermosa on the other hand is where the beach dwelling "check me out" bachelor can find comfort taking it deep any nightof the week. Pro party rage and nitelife destiniation of closet player hater participants crossing the border from MB to HB any night of the week. , Definitley not the spot for family minded old money versus nouveau riche long boarders seeking to make a statement.
Both are a no lose proposition when the market comes crawling back - the areas are always light years ahead of the rest of LA. Case in point - MB leads most areas in new construction (per capita) now compared to those areas in there best years.
Over - out!
I would really study the prices and values in both cities and wait for the right opportunity. Both cities are very good investments as prices and values have remained so high. The prices in Manhattan have been, and will remain, above Hermosa so you can certainly get more for your money in Hermosa but on the back end you would also be selling for less than you could get in Manhattan. More important may be the areas or "sections" of each city as generally the sand section or both Manhattan and Hermosa have remained relatively strong while some of the areas east of Sepulveda and PCH have seen a greater decline in demand.
Both Hermosa and Manhattan beach are sound investments. Obviously, the closer to the sand you can get at either location the better off the investment is. The Manhattan Beach schoolddistrict is very highly acredited. The price per squre foot is higher in Mahattan as well so you are likey to see the appreciation faster there when the market turns. Both Manhattan and Hermosa have some fabulous deals right now. I would be happen to answer any further questions you may have.
The price point is higher in Manhattan Beach. If you can swing paying a little more I think Manhattan Beach is a better investment but if it comes to investing in a home or income property I feel that both are wise investments.
The Carrabba Group
Keller Williams Sunset