Oceanfront Home at 505 Paseo De La Playa Bounces Between On Market and Off Market

Oceanfront Home Above Torrance Beach in the Hollywood Rivera

We recently posted that 505 Paseo De La Playa, a single family oceanfront home on the bluffs above Torrance Beach was back on the market.  Now it’s back off of the market so we’ll keep our eye on this one.

After being pulled of of the market for a short period of time, the oceanfront home at 505 Paseo De La Playa was briefly back on the market and avilable priced at $5,500,000. As with many of the sales on Paseo De La Playa it’s an older home in fairly original condition but it’s tough to beat the location. It offers 4 bedrooms, 3 baths and almost 3,200 square feet on an expansive 26,985 square foot lot (BTV) that stretches all the way to the beach.

505 Paseo De La Playa in the Hollywood Riviera

Listing courtesy of Dan Mullin – RE/MAX Estate Properties

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 - 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.

 

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

New Oceanfront Home for Sale at 505 Paseo De La Playa in the Hollywood Riviera

505 Paseo De La Playa Listed for $5,500,000

It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception. 505 Paseo De La Playa had been on the market as a rental but just came on for sale. It’s an older home that will likely get/need a significant face lift but as they say in real estate, “location, location, location”.

There’s no disputing that the location really doesn’t get much better. It’s a personal favorite of ours as we love the community of the Hollywood Riviera and this is the best location imaginable. Paseo De La Playa is a hilly street with the homes on the west side sitting on a beachfront bluff with incredible views of the ocean, PV and the coastline.

Unlike the beachfront homes on The Strand in Manhattan Beach and Hermosa, the views don’t go away when the sun goes down. Incredible city light views just seem to get more impressive.

Priced at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet.  Built in 1962 the house is certainly bright and open but we envision the buyer will likely be doing quite a bit of work.

Oceanfront Home in the Hollywood Riviera

Looking to Lease? Beachfront Home for Rent at 507 Paseo De La Playa

IIf you dream of living oceanfront, but can’t afford to buy, 507 Paseo De La Playa might be a good fit.  Listed at $7,600 a month this home couldn’t offer a better location as it sits on one of our favorite streets in all of the South Bay… Paseo De La Playa.  The homes on Paseo are simply incredible with enourmous oceanfront lots extending all the way to the sand, stunning ocean views and a great sense of privacy as the homes sit high on a hill.  The lease listing at 507 Paseo De La Playa offers all of that.  The home is a bit dated but the focus is squarely what lies just outside.  This home offers 3 bedrooms, 2 baths and approximately 2,600 square feet on two levels.

Information for 507 Paseo De La Playa in the Hollywood Riviera

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