Current SFR Median Home Price in the Hollywood Riviera is Whopping $2,235,000

Record breaking home prices in the hollywood Riviera

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.

Latest Oceanfront Home on Paseo De La Playa Goes Into Escrow Off Market

529 Paseo De La Playa - $5,800,000

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 just 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.

 

Home With Lots of Upside in an A+++ Location at 425 Paseo De La Playa

425 Paseo De La Playa in the Hollywood Riviera

Welcome to what could be one of the absolute gems of all of the South Bay.  Perched on the bluffs above Torrrance Beach, Paseo De La Playa is the oceanfront location unmatched for all it has to offer. 

While this home is in need of some updating to truly make it a legacy home, the basics are all here.

One of the best locations in Southern California…..check.

Endless ocean views……check

A lot that extends all the way to the sand……check

425 Paseo De La Playa is one of those rare legacy type homes.  Perched on the bluffs above Torrance Beach, the home offers incredible and unblockable ocean views.  The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well.  The gated entry and true estate feel make for endless possibilities.

425 Paseo De La Playa - Listed for $12,000,000

Listing provided by John Tran and Martin Le of NextGen Team Realty

Around the Riviera – Torrance Real Estate At a Glance

Real Estate Market Recap for Torrance California

The real estate market in Torrance was a bit more stable than just about any other city in the South Bay with only a small drop in home sales.  Torrance did see a decline in the number of home sales during the month with only 81 closed home sales compared with 99 a year earlier.  Compared with many other cities that saw more than a  50% drop from the year earlier this wasn’t bad at all. 

The average days on market was a very speedy 24 compared with 37 in 2019.  The median sales price was $792,0000 and the average price per foot was $503.  See more details in our full Torrance real estate trends and statistics area.  See also the Torrance homes that sold in April.

View the current homes for sale in Torrance CA.

April 2020 Home Sales and Home Prices in the Hollywood Riviera

By the numbers - home Sales and Home Prices in the Hollywood Riviera

The Hollywood Riviera real estate market slowed down a bit as most communities in the South Bay as the uncertainties of the coronavirus kept both buyers and sellers down a bit. 

Overall it was a fairly solid month in terms of home sales.  April 2020 saw 9 homes close escrow. The median list price of the sold homes in the Hollywood Riviera was $1,099,000 with the median “sold” price being $1,075,000 indicating it was still definitely a sellers market. The average price per foot was $761 and the average days on market was only 44.

Real Estate Recap- Hollywood riviera home sales in April 2020

Type
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
SFR/D
812
Calle de Arbboles
$965,000
$661.87
3/1,0,0,0
1458/A
1948/ASR
CONDO/A
125
Calle Mayor    #25
$1,050,000
$782.41
2/2,0,1,0
1342/A
1974/ASR
SFR/D
413
Calle De Castellana   
$1,600,000
$966.77
3/2,0,0,0
1655/B
1953/ASR
SFR/D
634
Camino D>e Encanto   
$1,689,000
$1,032.40
3/2,0,1,0
1636/A
1955/ASR
SFR/D
409
Via La Soledad   
$2,115,000
$989.24
3/2,0,0,0
2138/A
1954/ASR
SFR/D
4818
Greenmeadows AVE  
$950,000
$538.55
4/2,0,0,0
1764/A
1953/ASR
SFR/D
4709
Greenmeadows AVE  
$1,075,000
$614.99
3/1,1,0,0
1748/A
1953/ASR
SFR/D
5505
Riviera Way  
$2,225,000
$646.80
4/4,0,0,0
3440/B
2019/BLD
SFR/D
24707
Via Valmonte   
$928,000
$623.24
2/2,0,0,0
1489/P
1970/ASR

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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

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Phone:

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Keith Kyle

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Homes in Hollywood Riviera. All rights reserved. Information deemed reliable but not guaranteed