September 2017 Home Sales in the Hollywood Riviera and South Bay

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Median home prices in the Hollywood Riviera cities of Redondo Beach and Torrance were again impressive.    Redondo Beach saw 86 home sales with a median price of $1,021,000 and Torrance 126 property sales with a median home price of just under $730,000.  There were 14 home sales in the Hollywood Riviera in September at a median price of $1,262,000.  To see all of the homes sold in the South Bay in September visit our recent home sales page.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

Oceanview Opportunity in Hermosa Beach – 201 28th Street in the Sand Section

Contact listing agent Keith Kyle for more information at 310.251.2344
201_28th_st_view1-copy

For the investor looking for prime property near the beach, 201 28th Street may be your opportunity. This spacious duplex is ideal for future build site with huge view potential, ideal for owner user to live in one and rent the other, as a straight rental, or as a value add opportunity. 201 28th sits on a 2400 foot R2 lot (meaning a 30 foot height limit instead of 25 feet) just a block to the beach. Featuring big ocean views the two units have long term renters currently on month to month leases. Front unit is a 4 bed 3 bath with spacious living room, ocean view deck and has great upside potential for owner user or investor. Rear unit is a 2 bedroom 2 bath with ocean views and private deck. Both homes have interior laundry.

Ocean view duplex

Ocean view duplex

Future 3rd Floor View

Future 3rd Floor View

A Block to the beach

A Block to the beach

205 Living Room

205 Living Room

201 28th Street views

201 28th Street views

201 Living Room

201 Living Room

201_28th_st_view6-copy

205 Kitchen and Dining

205 Kitchen and Dining

Potential panoramic views

Potential panoramic views

201 Bedroom

201 Bedroom

Block to the beach

Block to the beach

201 Downstairs Bedroom

201 Downstairs Bedroom

Property Details:

  • 201 28th Street – One block to the beath
  • Built in 1973
  • Front unit – 4 bed, 3 bath, 2 levels.  Ocean views from entire second floor.  Current rent: $4,250
  • Back unit – 2 bed, 2 bath, 2 levels.  Ocean views from second level.  Private deck.  Current rent $2,300
  • Total square footage $2,490
  • 2,398 foot R2 corner lot with potential to build 30 foot single family home

Contact listing agent Keith Kyle for more information at 310.251.2344