June was another slower month for home sales in the community of Hollywood Riviera with only 6 closed sales during the month which was about average for 2020 but quite a bit lower than most months in 2019. Prices were impressive with the median “list” price of $1,795,000 and a median “sold” price of $1,755,000. The average price per foot was $890.87 and the average days on market was 66. The highest priced sale of the month was an oceanfront home on the bluff at 529 Paseo De La Playa which sold for $5,650,000.
| MLS # | Type | Addres | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | |
| PV20003066 | SFR/D | 309 | Calle De Andalucia | $1,950,000 | $584.53 | 4/2,3,1,0 | 3336/A | 2006/OTH |
| SB20091568 | SFR/D | 341 | Calle Mayor | $2,351,000 | $867.21 | 4/2,0,1,0 | 2711/D | 1952/ASR |
| SB20112988 | SFR/D | 529 | Paseo De La Playa | $5,650,000 | $1,777.29 | 4/2,1,0,0 | 3179/A | 1962/PUB |
| PV20056037 | SFR/D | 4902 | Newton ST | $1,310,000 | $792.98 | 3/1,2,0,0 | 1652/S | 1954/ASR |
| SB20076571 | SFR/D | 4729 | Paseo de las Tortugas | $1,335,000 | $832.81 | 3/2,0,0,0 | 1603/A | 1956/ASR |
| PV20011613 | SFR/D | 24002 | Janet LN | $1,560,000 | $490.41 | 5/1,2,1,0 | 3181/D | 2016/SLR |
From realtor Keith Kyle, Vista Sotheby’s International and homes in Hollywood Riviera.com we wanted to wish you and yours a very happy and safe 4th of July weekend.
From realtor Keith Kyle, Vista Sotheby’s International and Homes in Hollywood Riviera.com we wanted to wish all of the dads and grandads out there a very happy Father’s Day!
The Hollywood Riviera is one of the great neighborhoods of the South Bay and values have skyrocketed over the past 10 years. Having said that the current median price of $2,235,000 is truly unbelievable and rivals some of it’s more expensive neighbors of Hermosa Beach and Manhattan Beach. Granted there are 2 oceanfront homes on the market, one at 505 Paseo De La Playa listed at $5,500,000 and another at $12,000,000 at 425 Paseo De La Playa but the median price and average list price of $3,787,679 are just staggering.
The latest beachfront offering, located at 529 Paseo De La Playa never even made it to the market before selling. This was a fairly original home but was unique in a few ways including the extensive work done to the hillside allowing for a permitted walkway down to the beach.
The home itself has lots of potential and a great flat backyard area with incredible views. The home hit the market at $5,800,000 and offered 4 bedrooms, 3 baths and just under 3,200 square feet of living space on a huge (although typical for the homes on the west side of the street) 22,000 foot lot that extends down to the sand.
This is one of our absolute favorite locations in the South Bay.
