Where Has All the Housing in the Hollywood Riviera Gone?

When people ask me how the market is these days I certainly tell them it’s good….just not necessarily if you’re a buyer.  Real estate, like just about any other market, is a matter of supply and demand.  There’s no question that the demand is there, but it is a big question why the supply is so low.  Take a look at the chart below to see just how few homes are actively for sale in the Hollywood Riviera (light green bar) while the number of sold homes and pending sales bounce back and forth but overall have remained pretty steady.

 

The chart above shows the number of active listings, homes in escrow and sold homes for each month in the Hollywood Riviera.

The chart above shows the average price per foot of homes in the area. While this can be a helpful statistic it’s not always as relevant in an area such as the Hollywood Riviera in which homes can differ so greatly in terms of upgrades, views, age, etc.

The chart above shows the average days on market as well as the % of how close homes are selling to their original list price.

The chart above shows the average list prices of the homes as well as the average selling prices of the homes.

The chart above shows the months of inventory on the market or how long it would take to sell all of the homes. The higher the number the more of a buyers market it tends to be.

Cote D Azure Ocean Front Condos

New Listing on Paseo De La Playa in Cote D’Azur

639 Paseo De La Playa #204 for sale at $980,000

Although we don’t typically see too many homes for sale on the oceanfront Paseo De La Playa in the Hollywood Riviera, it does seem that there have been a number of listings lately ranging from a massive oceanfront estate at 425 Paseo De La Playa to

One addition to that is the condo for sale in Cote D’Azur which is one of the few condo complexes in the Hollywood Riviera.  The address is 639 Paseo De La Playa #204.  While this specific condo doesn’t offer a big view, the grounds of this complex sit high on the bluff and offer stunning views.  Learn more about Cote D’Azur.  Priced at $980,000 this is a second floor unit with 2 bedrooms, 2 baths and a little under 1,400 square feet.

Cote D'Azur oceanfront condos

639 Paseo De La Playa #204

Keith Kyle is a top producing realtor in the Hollywood Riviera with Vista Sotheby’s International Realty. Contact Keith for all of your real estate needs

Paseo De La Playa homes

425 Paseo De La Playa – Oceanfront Home on The Best Street in the South Bay

425 Paseo De La Playa

Oceanfront home in the Hollywood Riviera

We always get excited when a home comes on the market on Paseo De La Playa.  In our opinion this is one of the top 2 or 3 streets in all of the South Bay, Beach Cities and Palos Verdes.  There is nowhere other than a few homes in PV that offer beachfront/oceanfront locations with huge coastline views.  What this means is that when the sun goes down you have equally stunning views as during the day.  The unique homes along Paseo De La Playa sit on huge lots that extend all the way to the beach.  Some are too high up to really have access while others were able to add paths granted by the California Coastal Commission (which is very challenging)  The few homes and lots furthest north are on the lowest part of the bluff so they can build bigger with more amenities.  The home at 425 Paseo De La Playa is one of them.  While definitely a bit dated the location is tough to beat and will make a true legacy home for some lucky buyer than can afford the price tage of such a unique property.

  • Huge 28,177 sq foot lot
  • 5,800 square feet (some areas unfinished remodel)
  • Pool, spa, gazebo, outood kitchen
  • Oceanfront

Information derived from MLS listing.  Deemed reliable but not guaranteed

425 Paseo De La Playa in the Hollywood riviera

Keith Kyle is a top producing realtor in the Hollywood Riviera with Vista Sotheby’s International Realty. Contact Keith for all of your real estate needs
Cote D'Azur oceanfront condos

Condo Spotlight – Oceanfront Living in Cote D’Azur Villas

Oceanfront Condos at Cote D'Azur

Located on incredible Paseo De La Playa in the Hollywod Riviera

If an oceanfront location is on high on the priority list, the condo complex of Cote D’Azur might be an ideal spot.  Surrounded by single family homes, Cote D’ Azur offers an incredible location overlooking Torrance Beach, the ocean and Palos Verdes.    Sitting on the highest spot of the spectacular street Paseo De La Playa, the complex resides among some of the most expensive single family homes in all of the South Bay.

While the exteriors of the buildings look rather dated and industrial, many interiors have been extensively updated with a very new look and feel.  Cote D’Azur features 4 separate buildings each with 3 levels and units on both sides of the buildings meaning some have ocean views and other do not. All of the homes are single level condos and are situated around a very nice ocean view pool area. There are very few units directly facing the ocean but many have great views from somewhat of an angle.

Although the grounds aren’t overdeveloped the location is simply incredible.

The condos are 2 bedroom 2 bath with square footage generally a bit below and above 1,400.  Prices range considerably depending on both upgrades and especially views.  HOA dues are currently (as of 2022) around $600 a month.

Cote D Azur pool in the Hollywood Riviera.

 

Want to know about new listings in Cote D’ Azur?  Tell us a bit about your search (specify this location) and we’ll send you updates whenever a new listing in the complex becomes available.

Current Condos for Sale in Cote D’ Azur

602 Paseo De La Playa

Home Spotlight – 602 Paseo De La Playa

BED / BATH: 4/ 3.5
SQFT(src): 3,293 (Estimated)
PRICE PER SQFT: $970.24
LOT(src): 7,382/0.1695 (A)
LEVELS: Two
GARAGE: 2 car attached
YEAR BUILT(src): 2011 (ASR)
PROP TYPE: SFR 
LISTING ID: PV19211270

602 Paseo De La Playa
Listed with Re/Max Palos Verdes Estates this is a very unique home, especially for the area.  602 Paseo De La Playa has a distinctive modern look almost resembling shipping containers.  Although the home sits on the east side of this oceanfront street, it does offer very nice views.  Per the listing agent description:
Stunning contemporary home with walls of glass to allow for a panoramic coastline and city view that is breathtaking. Custom designed by well known architect James Meyer, with Lean Architects. This masterpiece centers around an open great room concept, combining a gourmet kitchen with a casual dining area and entertainment area. Flowing from the great room and through an expansive sliding door system is a large patio area that allows for a spectacular coastal view and outdoor living area. Accenting the upper level is a unique garage door styled window, barn wood ceiling, gleaming wood floors, fireplace and a private office area. The kitchen features a center island topped with polished wood, marble counters and stainless steel appliances. The main entry level opens to a large area and features a 4 bedroom design with an en-suite bedroom, 2 large bedrooms and luxurious master suite with a spa like bathroom and an over sized custom walk in closet. The exterior features include a large rear yard area with a spa and fire pit. Easy access to the beach and Riviera Village.

602 Paseo De La Playa in the Hollywood Riviera

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the hollywood riviera

Vista Sotheby's International

Vista Sotheby’s International Realty is one of the premier real estate firms in Southern California.  Visit our Riviera Village Office

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

Redondo Beach realtor Keith Kyle.
DRE#01712785

Keith Kyle

Top Producing Realtor

About Vista Sotheby's

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Homes in Hollywood Riviera. All rights reserved. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. **This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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