Budgeting To Buy a House in the Hollywood Riviera

January 16, 2019 by

There are costs of buying a home that go above and beyond the actual sales price.  In California these are negotiated in the offer and most of the time the seller pays the bulk of the costs.  There are a few exceptions to this and as mentioned…it’s negotiated.  The bulk of the buyer paid costs are loan related and usually include prepaid items and origination costs.

Although most home buyers know they’ll be paying some costs, it’s good to have an understanding of some of the smaller fees and costs.  Here is a look at some of the lesser known fees in buying a house that buyers should know about and budget for.

Filed Under: Hollywood Riviera, Homes for Sale, Real Estate, Redondo Beach

Hollywood Riviera Real Estate Market 2018- Year in Review

December 21, 2018 by

2018 was an incredible year for real estate in the Hollywood Riviera.  Home prices continued to rise rapidly as demand for homes in this coastal community showed no signs of easing.  For those just starting to explore the neighborhood, the Hollywood Riviera lies at the base of the Palos Verdes Peninsula.  With a Redondo Beach zip and mailing address, the Hollywood Riviera is actually part of Torrance with Torrance schools and services.  The combination of strict building restrictions protecting views and the location on the side of a hillside, makes for often spectacular ocean and coastline views.

View the current homes for sale in the Hollywood Riviera.

As of 12/21 there were 91 closed home sales with an average list price of $1,783,944 and an average sales price of $1,751,000.   The average price per foot was $744.   The median list price was $1,399,000 with a median sales price of $1,415,000 meaning the median sales prices were over list price!!  The median price per foot for 2018 was at $699.

The higest sale of the year $22,650,000 for a spectacular oceanfront estate at 417 Paseo De La Playa.  The lowest priced sale of the year $607,500 for a 2 bedroom condo on Pacific Coast Highway.

Filed Under: Hollywood Riviera, Homes for Sale, Market Update, Redondo Beach, Torrance Tagged With: ,

Worried about the Down Payment? You may have options

August 31, 2018 by

One of the more common misconceptions is that you need a 20% down payment to purchase a home in the Hollywood Riviera   That’s not necessarily the case as many lenders can provide loans with less than 20% down, especially on a single family home.  Options can range from VA and FHA loas to a number of other creative ways of financing a home.

Lender programs:  Many lenders offer smaller down payments with first and second mortagages, smaller down payments or government backed programs such as VA loans and FHA loans.

View the current homes for sale in the Hollywood Riviera.

 

Filed Under: Hollywood Riviera, Homes for Sale Tagged With: , ,

July 2018 Home Sales in the Hollywood Riviera

August 4, 2018 by

There were 9 home sales in the Hollywood Riviera in July 2018.  The median list price of the homes was $1,179,000 with a median price sales price of $1,200,000.  With the median price of sold homes higher than the median list price this indicates a very strong and continuing “sellers” market.  Click here to see the current homes for sale in the Hollywood Riviera.

421 Calle De Aragon

Single Family Residence
List / Sold:
$2,489,000 / $2,462,000
47 days on the market • Sold On 07/12/2018
5 beds, 4 baths • 3,079 sqft • 6,811 sqft lot • $799.61/sqft • Built in 2017

409 Calle Mayor

Closed • Single Family Residence
List / Sold:
$2,199,000 / $2,175,000
34 days on the market • Sold On 07/24/2018
3 beds, 3 baths • 2,927 sqft • 7,366 sqft lot • $743.08/sqft • Built in 2001

404 Via Linda Vista

Single Family Residence
List / Sold:
$1,399,000 / $1,379,000
10 days on the market • Sold On 07/10/2018
3 beds, 2 baths • 1,542 sqft • 7,115 sqft lot • $894.29/sqft • Built in 1954

111 Via Sego

Single Family Residence
List / Sold:
$1,350,000 / $1,268,900
35 days on the market • Sold On 07/19/2018
3 beds, 2 baths • 1,822 sqft • 5,825 sqft lot • $696.43/sqft • Built in 1954

4509 Highgrove Av

Single Family Residence
List / Sold:
$1,179,000 / $1,200,000
8 days on the market • Sold On 07/18/2018
3 beds, 3 baths • 1,757 sqft • 5,500 sqft lot • $682.98/sqft • Built in 1953

5302 Paseo De Pablo

Single Family Residence
List / Sold:
$1,095,000 / $1,060,000
71 days on the market • Sold On 07/17/2018
3 beds, 2 baths • 1,603 sqft • 5,765 sqft lot • $661.26/sqft • Built in 1956

4733 Greenmeadows Av

Single Family Residence
List / Sold:
$919,000 / $965,000
9 days on the market • Sold On 07/11/2018
5 beds, 3 baths • 2,053 sqft • 5,804 sqft lot • $470.04/sqft • Built in 1953

4008 Mesa St

Single Family Residence
List / Sold:
$899,000 / $850,000
12 days on the market • Sold On 07/24/2018
3 beds, 3 baths • 1,630 sqft • 6,356 sqft lot • $521.47/sqft • Built in 1972

163 Paseo De La Concha# 3

Condominium
List / Sold:
$790,000 / $738,000
42 days on the market • Sold On 07/17/2018
2 beds, 2 baths • 1,129 sqft • 16,573 sqft lot • $653.68/sqft • Built in 1960

Filed Under: Hollywood Riviera, Homes for Sale, Market Update Tagged With: , ,

June 2018 Hollywood Riviera Home Sales

July 31, 2018 by

See the homes that sold in June of 2018 in the beautiful Hollywood Riviera. To see the current active listings and Hollywood Riviera homes for sale visit our MLS info.

4069 Bluff Street

  • Single Family Residence
  • List / Sold: $899,000 / $885,000
  • 65 days on the market • Sold On 06/22/2018
  • 3 beds, 2 baths • 1,508 sqft • 4,934 sqft lot • $586.87/sqft • Built in 1948
  • ML# SB17272654

 

3831 Bluff Street

  • Closed • Single Family Residence
  • List / Sold: $1,100,000 / $1,088,000
  • 14 days on the market • Sold On 06/19/2018
  • 3 beds, 2 baths • 1,908 sqft • 5,016 sqft lot • $570.23/sqft • Built in 1963
  • ML# PW18097050

 

23407 Shadycroft Av

  • Closed • Single Family
  • Residence List / Sold: $1,098,000 / $1,151,000
  • 10 days on the market • Sold On 06/28/2018
  • 3 beds, 2 baths • 1,477 sqft • 7,669 sqft lot • $779.28/sqft • Built in 1954
  • ML# SB18113830

5527 Greenmeadows St

  • Closed • Single Family Residence
  • List / Sold: $1,274,900 / $1,274,900
  • 9 days on the market • Sold On 06/12/2018
  • 3 beds, 2 baths • 1,564 sqft • 6,208 sqft lot • $815.15/sqft • Built in 1954
  • ML# 18340992

249 Calle De Madrid

  • Closed • Single Family Residence
  • List / Sold: $1,469,000 / $1,480,000 Previous Price: $1,469,000
  • 7 days on the market • Sold On 06/01/2018
  • 3 beds, 2 baths • 1,553 sqft • 7,173 sqft lot • $952.99/sqft • Built in 1948
  • ML# PV18103045

817 Calle Miramar

  • Closed • Single Family Residence
  • List / Sold: $1,560,000 / $1,580,000 Previous Price: $1,560,000
  • 14 days on the market • Sold On 06/20/2018
  • 4 beds, 3 baths • 2,184 sqft • 7,616 sqft lot • $723.44/sqft • Built in 1954
  • ML# PW18100583

138 Paseo De Gracia

  • Closed • Single Family Residence
  • List / Sold: $1,825,000 / $1,736,000 Previous Price: $1,825,000
  • 58 days on the market • Sold On 06/19/2018
  • 3 beds, 4 baths • 2,370 sqft • 8,238 sqft lot • $732.49/sqft • Built in 1965
  • ML# SB18059118

244 Vista Del Parque

  • Closed • Single Family Residence
  • List / Sold: $1,599,000 / $1,752,000 Previous Price: $1,599,000
  • 10 days on the market • Sold On 06/22/2018
  • 3 beds, 3 baths • 2,266 sqft • 6,706 sqft lot • $773.17/sqft • Built in 1954
  • ML# PV18112991

5613 Calle De Arboles

  • Closed • Single Family Residence
  • List / Sold: $1,875,000 / $1,875,000
  • 28 days on the market • Sold On 06/01/2018
  • 4 beds, 4 baths • 2,581 sqft • 6,511 sqft lot • $726.46/sqft • Built in 1955
  • ML# SB18058123

736 Calle De Arboles

  • Closed • Single Family
  • Residence List / Sold: $1,975,000 / $1,960,000
  • 28 days on the market • Sold On 06/05/2018
  • ML# SB18074948

517 Via La Selva

  • Closed • Single Family Residence
  • List / Sold: $2,049,000 / $2,025,000
  • 21 days on the market • Sold On 06/14/2018
  • 4 beds, 3 baths • 3,124 sqft • 6,601 sqft lot • $648.21/sqft • Built in 1953
  • ML# PV18079991
Filed Under: Hollywood Riviera, Homes for Sale, Market Update

Mid Year Home Sales Report in the Hollywood Riviera

July 14, 2018 by

See the homes that have sold in the Hollywood Riviera for the first half of 2018.  Click here to view the current homes for sale in the Hollywood Riviera or search the latest real estate market statistics.

Type Address  Price   Price Per Foot  Bed/Bath Square Feet Year Built
SFR/D 115 Via Monte Doro  $1,705,000  $                 578 3/2,1,1,0 2948/A 1954/ASR
SFR/D 4148 Via Lado  $1,200,000  $                 610 3/2,0,0,0 1966/A 1958/ASR
SFR/D 23403 Susana AV  $1,077,000  $                 924 3/0,2,0,0 1165/A 1954/ASR
SFR/D 520 Camino De Encanto  $1,562,500  $              1,022 3/1,1,0,0 1529/A 1955/ASR
SFR/D 380 Paseo De Gracia  $1,432,875  $                 853 3/2,0,0,0 1679/A 1954/ASR
SFR/D 417 Paseo de la Playa  $22,650,000
  $              2,221 7/7,1,2,0 10,200/A 2005/ASR
SFR/D 340 Via Pasqual  $1,100,000  $                 982 3/1,0,1,0 1120/A 1948/ASR
SFR/D 329 Camino Del Campo  $1,810,000  $              1,050 3/2,1,0,0 1723/A 1951/ASR
SFR/D 23437 Shadycroft AV  $1,155,000  $                 577 5/2,0,1,0 2002/A 1954/ASR
SFR/D 4205 Mesa ST  $1,450,000  $                 498 3/0,2,0,0 2914/AP 1970/ASR
SFR/D 4133 Mesa St.  $1,370,000  $                 532 4/2,0,1,0 2574/A 2007/PUB
SFR/D 4718 Via Corona  $1,225,000  $                 718 3/1,1,0,0 1705/A 1956/ASR
SFR/D 325 Calle Mayor  $2,400,000  $                 585 5/4,0,0,0 4100/A 1966/ASR
SFR/D 3826 Newton ST  $815,000  $                 670 2/1,1,0,0 1216/A 1960/ASR
SFR/D 552 Calle Mayor  $1,250,000  $                 887 3/2,0,0,0 1409/A 1954/ASR
SFR/D 4303 Mesa ST  $1,210,000  $                 384 3/2,0,2,0 3155/A 1978/ASR
SFR/D 608 Palos Verdes BL  $1,256,000  $                 809 3/1,1,0,0 1553/A 1954/ASR
SFR/D 114 Via Los Altos  $1,090,000  $              1,160 2/1,0,0,0 940/A 1949/ASR
SFR/D 225 Via Alameda  $2,500,000  $                 658 5/4,0,0,0 3800/A 2009/ASR
SFR/A 123 Calle De Andelucia  $1,330,000  $                 849 3/1,1,0,0 1566/ 1948
SFR/D 4508 Pacific Coast  $949,000  $                 864 3/2,0,0,0 1098/A 1953/ASR
SFR/D 117 Calle De Arboles  $1,775,000  $              1,256 3/1,1,0,0 1413/A 1954/APP
SFR/D 620 Via Monte D’Oro  $3,500,000  $                 915 4/3,0,1,0 3825/B 2018/BLD
TWNHS/A 452 Palos Verdes BL  $1,000,000  $                 629 3/3,0,0,0 1591/A 1977/EST
CONDO/A 639 Paseo De La Playa #105  $849,000  $                 619 2/1,1,0,0 1371/A 1962/ASR
SFR/D 3904 Newton ST  $979,000  $                 557 4/1,1,0,0 1759/A 1963/ASR
SFR/D 4090 Newton ST  $885,000  $                 687 3/1,1,0,0 1288/A 1948/OTH
SFR/D 305 Camino De Las Colinas  $1,825,000  $                 611 4/2,1,0,0 2985/E 1948/EST
SFR/D 312 Calle Mayor  $1,662,000  $                 820 3/2,0,0,0 2028/A 1963/ASR
SFR/D 524 Via La Selva  $2,731,000  $                 853 4/4,0,1,0 3200/B 2016/SLR
TWNHS/A 101 Calle Mayor  $1,160,000  $                 629 3/1,1,1,0 1845/A 1974/ASR
SFR/D 4602 Paseo De Las Tortugas  $1,271,000  $                 792 4/1,1,0,0 1604/A 1956/ASR
SFR/D 820 Calle De Arboles  $2,375,000  $                 712 4/2,2,1,0 3337/D 1948/SEE
SFR/D 115 Via Anita  $2,299,000  $                 792 6/3,0,0,0 2902/A 1954/ASR
SFR/D 162 Via Los Miradores  $2,164,500  $                 798 4/1,2,0,0 2712/A 1953/PUB
SFR/D 258 Paseo De Granada  $2,400,000  $                 800 4/3,0,1,0 3000/B 2018/BLD
SFR/D 4405 Paseo De Las Tortugas  $1,590,000  $                 605 4/3,0,0,0 2627/A 1956/ASR
SFR/D 432 Camino De Encanto  $1,635,000  $              1,145 4/1,1,0,0 1428/A 1955/ASR
SFR/D 4521 Via Corona  $1,530,000  $                 586 4/1,1,1,0 2612/T 1968/ASR
SFR/D 5102 Calle De Ricardo  $1,100,000  $                 689 4/1,1,0,0 1597/A 1956/ASR
SFR/D 249 calle de madrid  $1,480,000  $                 953 3/2,0,0,0 1553/AP 1948/ASR
SFR/D 5613 Calle De Arboles  $1,875,000  $                 726 4/3,0,1,0 2581/B 1955/ASR
SFR/D 736 Calle De Arboles  $1,960,000  $                 669 4/3,0,0,0 2928/B 2008/ASR
SFR/D 5527 Greenmeadows ST  $1,274,900  $                 815 3/2,0,0,0 1564/ 1954
SFR/D 517 Via La Selva  $2,025,000  $                 648 4/1,2,0,0 3124/T 1953/ASR
SFR/D 3831 Bluff Street  $1,088,000  $                 570 3/2,0,0,0 1908/A 1963/ASR
SFR/D 138 Paseo De Gracia  $1,736,000  $                 732 3/3,0,1,0 2370/A 1965/ASR
SFR/D 817 Calle Miramar  $1,580,000  $                 723 4/2,0,0,1 2184/A 1954/ASR
SFR/D 4069 Bluff ST  $885,000  $                 587 3/2,0,0,0 1508/A 1948/ASR
SFR/D 244 Vista Del Parque  $1,752,000  $                 773 3/2,1,0,0 2266/T 1954/ASR
SFR/D 23407 Shadycroft AV  $1,151,000  $                 779 3/1,0,1,0 1477/A 1954/ASR
SFR/D 404 Via Linda Vista  $1,379,000  $                 894 3/1,1,0,0 1542/A 1954/ASR
SFR/D 4733 Greenmeadows AV  $965,000  $                 470 5/1,1,1,0 2053/A 1953/ASR
SFR/D 421 Calle De Aragon  $2,462,000  $                 800 5/4,0,0,0 3079/SV 2017/BLD
Filed Under: Hollywood Riviera, Homes for Sale, Market Update, Redondo Beach, Torrance Tagged With: , , ,

Massive Sales Price of $22,650,000 at 417 Paseo De La Playa in the Hollywood Riviera

July 14, 2018 by

Doubling the highest home sales price we’ve ever seen in the Hollywood Riviera, Torrance, or Redondo Beach, the sale at 417 Paseo De La Playa was fairly incredible.  Listed at a cool $25,000,000 by Chris Adlam of Vista Sotheby’s International Realty, the home closed escrow in in February for $22,650,000.  While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) was pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also made this once in a lifetyme property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Paseo De La Playa is the bluff front street that comes up from Torrance Beach and ends at the beginning of Palos Verdes.  This oceanfront street offers some of the best views in all of the South Bay.

Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

Filed Under: Hollywood Riviera, Homes for Sale, Market Update, Redondo Beach

Latest Hollywood Riviera Real Estate Statistics

July 14, 2018 by

Keep current on what is happening in the Hollywood Riviera real estate market with our continually updated trends and statistics. The information below can help make you an informed home buyer or seller and we hope that the information is helpful. Please feel free to contact us for customized information, new home listing alerts in the Hollywood Riviera or any questions about the market and homes for sale.
Median Home Prices in Hollywood Riviera compared with South Torrance and South Redondo Beach

Number of Active Listings in Hollywood Riviera compared with South Torrance and South Redondo Beach

Number of Closed Home Sales

Average Price per Square Foot

% of Sales Price Compared to Original List Price
This indicates whether homes are selling above, at or below their listing price and is very helpful to determine whether it is a buyer’s market or a seller’s market.

Filed Under: Hollywood Riviera, Homes for Sale, Market Update Tagged With: , , ,

Is $2.0M+ The New Normal for Hollywood Riviera Homes?

November 26, 2017 by

What used to be a price point reserved only for a select few homes in the Hollywood Riviera is starting to seem more like the standard instead of the exception. As of November 26th, 5 of the 7 single family homes for sale in the Hollywood Riviera were priced over $2,000,000.  Click here to see details and photos of all the current Hollywood Riviera homes for sale.

Filed Under: Hollywood Riviera, Homes for Sale

September 2017 Home Sales in the Hollywood Riviera and South Bay

November 12, 2017 by

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Median home prices in the Hollywood Riviera cities of Redondo Beach and Torrance were again impressive.    Redondo Beach saw 86 home sales with a median price of $1,021,000 and Torrance 126 property sales with a median home price of just under $730,000.  There were 14 home sales in the Hollywood Riviera in September at a median price of $1,262,000.  To see all of the homes sold in the South Bay in September visit our recent home sales page.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%
Filed Under: Hermosa Beach, Hollywood Riviera, Homes for Sale, Market Update, Redondo Beach
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