June Home Sales and House Prices in the Hollywood Riviera

June 2020 Hollywood Riviera Home Sales and House Prices

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.

June Home sales

 

MLS #Type AddresPrice$ Per FootBed/BathSq FeetYear
PV20003066SFR/D309Calle De Andalucia   $1,950,000$584.534/2,3,1,03336/A2006/OTH
SB20091568SFR/D341Calle Mayor   $2,351,000$867.214/2,0,1,02711/D1952/ASR
SB20112988SFR/D529Paseo De La Playa   $5,650,000$1,777.294/2,1,0,03179/A1962/PUB
PV20056037SFR/D4902Newton ST  $1,310,000$792.983/1,2,0,01652/S1954/ASR
SB20076571SFR/D4729Paseo de las Tortugas   $1,335,000$832.813/2,0,0,01603/A1956/ASR
PV20011613SFR/D24002Janet LN  $1,560,000$490.415/1,2,1,03181/D2016/SLR

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.

Paseo De La Playa

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

529 Paseo De La Playa - sold at $5,650,000

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  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.

Paseo De La Playa in Redondo Beach.
Oceanfront homes in the Hollywood Riviera

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
124 Via Monte Doro

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.

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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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Keith Kyle

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