Home Sales and Home Prices in the Hollywood Riviera for August 2017

The neighborhood of the Hollywood Riviera in Torrance and Redondo Beach saw a nice jump in home sales with a 19 recorded property sales for August  2017.   The average sale price was $1,483,000 and the average list price was $1,478,000.

In August, overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.

To see all of the home sales in Hollywood Riviera and the cities below visit our recent home sales page.

City Homes
Sold
August
2017 Median
August
2016 Median
Year
over Year % Change%
Carson 52 $470,000 $450,000 4.3%
El Segundo 15 $1,235,000 $1,075,000 14.9%
Gardena 53 $495,000 $472,000 4.9%
Harbor City 20 $521,000 $522,000 -.2%
Hawthorne 45 $583,000 $575,000 1.4%
Hermosa Beach 22 $1,358,000 $1,723,000 21.2%
Lawndale 17 $460,000 $498,000 -7.5%
Lomita 19 $610,000 $619,000 -1.5%
Long Beach 404 $490,000 $463,000 5.9%
Manhattan Beach 36 $2,230,000 $1,815,000 22.9%
Marina Del Rey 37 $940,000 $1,059,000 -11.2%
Palos Verdes Estates 37 $1,545,000 $1,413,000 9.4%
Playa Del Rey 27 $625,000 $623,000 .3%
Rancho Palos Verdes 60 $1,088,000 $1,065,000 2.2%
Redondo Beach 118 $975,000 $969,000 .6%
San Pedro 78 $572,000 $481,000 19%
Torrance 154 $698,000 $645,000 8.2%
Westchester 50 $1,180,000 $1,093,000 8%

Oceanfront Estate for sale at 417 Paseo De La Playa in the Hollywood Riviera

While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

Community Spotlight – Village Palos Verdes

For many, an oceanview home in the Hollywood Riviera is unaffordable.  One option may be Village Palos Verdes located just south of Palos Verdes drive.  Not only do many of the townhomes have great ocean views but the location is ideal with the community just a short walk to Torrance beach and Paseo De La Playa.  The complex consists of approximately 180 units with current HOA (as of 8/17) around $480 a month.  The street addresses for the homes in Village Palos Verdes are either Calle Mayor, Calle Miramar, Camino De Las Colinas or Palos Verdes Blvd (see map below).

The homes are a combination of 2 and 3 bedrooms generally on 3 levels ranging between 1350 square feet and 1905 square feet. All have attached garages.  The townhomes were built between 1974 and 1978 with some still having a fairly original feel and some being extensively remodeled.  The community offers a pool and spa and is ideally located just a few blocks from the beach.  Click here to see the current homes for sale in the Hollywood Riviera and Village Palos Verdes.  For many years the concern about the community had been the large special assessment needed to update and renovate the exteriors from the original wood siding.  Those changes took place several years ago and the community now has a wonderful look and feel.

Strong Real Estate Market in the Hollywood Riviera for June 2017

June 2017 was a big month for home sales in Redondo Beach and Torrance CA with a fairly huge number of homes selling.  The two cities saw a relatively huge 117 and 184 homes selling respectively.  The Hollywood Riviera, with a Redondo Beach mailing address but actually in the city of Torrance, saw 19 home sales with a median price of $1,375,000.  The summer months are always an active market in this coastal community due to the ideal weather and location.  Click here to see all of the recent home sales in the Hollywood Riviera.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Hollywood Riviera 19 $1,375,000 $1,177,000 14.4%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

Median Home Prices in the Hollywood Riviera top $1,400,000 for May 0f 2017

The Hollywood Riviera saw another solid month with 7 homes sales at a median home price of $1,405,000.

 

City Homes
Sold
May 2017 Median May 2016 Median Year over Year % Change%
Carson 41 $458,000 $453,000 1.2%
El Segundo 8 $880,000 $803,000 9.7%
Gardena 65 $523,000 $425,000 23.1%
Harbor City 14 $503,000 $439,000 14.5%
Hawthorne 46 $610,000 $485,000 25.8%
Hermosa Beach 26 $1,738,000 $1,285,000 35.3%
Lawndale 16 $485,000 $455,000 6.5%
Lomita 18 $653,000 $488,000 33.7%
Long Beach 356 $472,000 $485,000 -2.6%
Manhattan Beach 46 $2,175,000 $1,875,000 16%
Marina Del Rey 32 $933,000 $925,000 0.8%
Palos Verdes Estates 47 $1,650,000 $1,499,000 10.1%
Playa Del Rey 31 $720,000 $560,000 28.6%
Rancho Palos Verdes 51 $1,275,000 $1,060,000 20.3%
Redondo Beach 87 $1,054,000 $950,000 10.9%
San Pedro 63 $620,000 $489,000 26.8%
Torrance 140 $690,000 $593,000 16.4%
Westchester 44 $965,000 $1,130,000 -14.6%

Nearing $3,000,000 in the Hollywood Riviera?

By Keith Kyle

It wasn’t long ago that most homes for sale in the Hollywood Riviera were priced around $1,000,000 with only the truly spectacular reaching towards the $2.0M mark.  Those days have past with $2,000,000+ being the new normal for big views and the abundance of high end flips in the area.  As of 2/8/17 there are 5 homes in the Hollywood Riviera priced over $2,000,000 and most are well over that formerly elusive price point.

Contact us for more information, or visit our current homes for sale in the Hollywood Riviera to see all of the current listings and homes for sale in this wonderful community.

Multiple Homes for Sale on Camino De Encanto…..Walking Distance to the Beach

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.  What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.  Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

You Don’t See Many Homes Like This – 433 Paseo De La Playa

The Hollywood Riviera is a fantastic neighborhood with a small town community charm, highly ranked schools and often times some great ocean views. While there are more expensive homes popping up more often these days there are not many like this….in any parts of the South Bay outside of Palos Verdes.

433 Paseo De La Playa is definitely one of a kind. Perched on the bluff with stunning ocean and coastline views, the home is like something usually seen in Beverly Hills or Bel Aire….not Redondo Beach and Torrance.

Boasting 7 bedrooms (all spacious), 6 1/2 baths, 7,792 square feet on a massive 25,000+ lot that extends to the beach this home has it all…..sports court, gated driveway, ocean view pool and spa (with a mini waterslide) and huge views from many of the rooms.  The home even features a oversized path down to the sand which is rare as the California Coastal Commission highly regulates direct access to the beach and the permitting process (if approved) can take years and years.   Overlooking Torrance Beach, the home offers huge views of PV,the beaches and cities of Redondo Beach, Hermosa and Manhattan Beach and extends all the way to Malibu.

Listed at $16,000,000 this price tag is as unique as the house for this area.

View the photos and details of 433 Paseo De La Playa for sale in the Hollywood Riviera.

November 2016 Home Sales in the Hollywood Riviera

See the homes sold in the Hollywood Riviera in November 2016. 7 homes sold during November with an average price of just under $1,230,000.  Visit the Hollywood Riviera MLS access to see the current homes for sale in this wonderful community in Redondo Beach and Torrance.

 

  409 Camino De Las Colinas    
SOLD    Townhouse List / Sold: $899,999 / $899,000    
7 days on the market    Sold On 11/18/2016
3 beds, 3 baths    1,566 sqft    93,687 sqft lot    $574.07/sqft    Built in 1978
Peace and Tranquility in the Hollywood Riviera. It’s about living in the 310. 3 big ocean views, 1’s private remodeled retreat and just about 0 stress. Attached 2-car garage for yourself and your guests can simply park on the street less traveled. Un-blockable panoramic Pacific Ocean view including ocean views from the granite-stainless steel kitchen, the earth-toned living room with fireplace and More

ML# SB16717348 
  466 1/2 Palos Verdes Bl    
SOLD    Townhouse List / Sold: $965,000 / $970,000    
13 days on the market    Sold On 11/07/2016
3 beds, 3 baths    1,886 sqft    87,871 sqft lot    $514.32/sqft    Built in 1974
Breathtaking whitewater ocean and city lights Queen’s necklace views await you in this large 3 story townhome with attached 2 car garage. Fall asleep to the sound of waves crashing on the beach. The ocean view master suite with walk in closet, two bedrooms and 1 3/4 bathrooms are on the third floor. The main floor includes the ocean view living room with balcony, dining room, 1/2 bath and kitchen wiMore

ML# PV16706281 
  219 Paseo De Las Delicias    
SOLD    Single Family Residence List / Sold: $1,250,000 / $1,125,000    
25 days on the market    Sold On 11/23/2016
3 beds, 2 baths    1,677 sqft    7,675 sqft lot    $670.84/sqft    Built in 1951
Beautiful home in Hollywood Riviera, a short walk to the Village and Beach.. Prime location. Charming home with a great floor plan, but is in original 1952 condition for the most part and sold as-is. Original hardwood floors. Great project to update and earn sweat equity. Nice roomy backyard. Direct entry from garage to house through laundry room. Large garage loft storage area. Near new roof. Second More

  
ML# SB16710598 
  4135 Paseo De Las Tortugas    
SOLD    Single Family Residence List / Sold: $1,199,000 / $1,150,000    
13 days on the market    Sold On 11/07/2016
3 beds, 2 baths    2,243 sqft    12,067 sqft lot    $512.71/sqft    Built in 1956
This Riviera VIEW home has super curb appeal, and has spectacular unobstructable panoramic city/city lights views plus peekaboo of Ocean/Queens necklace view from edge of the yard! It has a huge 12,000 SqFt useable lot, with flat grassy yard plus a lower recreation area with vintage sports court, lemon, avocado, & orange trees, and room for more! The home is mostly original inside, but has a nice floMore

ML# PV16720202 
  5213 Paseo De Pablo    
SOLD    Single Family Residence List / Sold: $1,375,000 / $1,339,000    
15 days on the market    Sold On 11/30/2016
4 beds, 2 baths    1,741 sqft    6,850 sqft lot    $769.10/sqft    Built in 1956
Wonderful home with MAGNIFICENT 180 degree view of “everything”-Ocean-Coastline-Sunsets-Mountains-City-Downtown LA-Sparkling Night Lights! Terrific street, prime mid block location. Enjoy it all in this really comfortable, upgraded, enlarged one level home. Spacious open concept family room-kitchen-dining area enjoys the the view and opens through a wall of French doors leading to the inviting stone More

ML# SB16712465 
  473 Camino De Encanto    
SOLD    Single Family Residence List / Sold: $1,595,000 / $1,525,000    
103 days on the market    Sold On 11/19/2016
4 beds, 2 baths    1,651 sqft    6,644 sqft lot    $923.68/sqft    Built in 1955
Location is everything! This Fabulous home is located in the most desirable ‘lower Hollywood Riviera’ neighborhood, below Palos Verdes Blvd.. Memories are made in homes and neighborhoods like this. Originally built in 1955, it has a wonderful floor plan and has been owned by the same family for over 60 years. It is a charming 4 bedroom, 1 ¾ bath, 2 car garage home with hardwood floors and newer premiumMore

ML# PV16140846 
  213 Calle De Madrid    
SOLD    Single Family Residence List / Sold: $1,599,950 / $1,599,950    
2 days on the market    Sold On 11/17/2016
3 beds, 3 baths    2,500 sqft    7,206 sqft lot    $639.98/sqft    Built in 1948
Location!!! Location!!! Location!!! This home feature amazing views of both the LA basin but also water views. Located at the top of the Hollywood Riviera you will never lose your view. Home has 6″ distressed brazilin cherry floors except in the bathrooms. Gourmet kitchen that features six burner Viking stainless steel, Sub zero refrigerator, and Bosch stainless steel dishwasher. Custom kitchen cMore

  
ML# SB16715120 

Hollywood Riviera for the Holidays – the Anual Riviera Village Holiday Stroll

If you are looking for a great way to kick off the holidays in Redondo Beach the Riviera Village holiday stroll may be just the ticket.  Enjoy a great community asmosphere, carolers, sleigh rides, tasty treat, Santa of course, and even some snow.

The annual Holiday Stroll kicks off at 5 p.m. A parade featuring marching bands from local schools and that jolly guy in the red suit, Santa Claus, at the corner of Catalina Avenue and Avenue I. With over 300 fashionable boutiques offering a wide variety of unique gift ideas, Riviera Village is the destination of choice for discerning shoppers. The Village takes on a cheerful holiday atmosphere with lights, decorations and festive music for your enjoyment as you stroll along the avenues admiring the festooned store fronts.