We have always been fans of homes that look the part….coastal architecture that looks like it was meant to be in the neibhorhood….and homes that don’t overwhelm the lot (i.e. mansionization). The home at 103 Via Mesa Grande is one we love everytime we drive by. From the clean look to the ocean views, this was a great remodel and a beautiful home.
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.
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.
It is pretty rare for homes in the Hollywood Riviera to sneak into the $3.0M range but the recently listed 417 Avenida De Jose home, offered
by Gayle Probst of Re/Max Estate Properties this beautiful home is currently listed for $3,160,000
This is a 3 bedroom, 4 bath homes with 3,296 square feet (buyer to verify) and offers huge views of the coastline. According to the listing agent:
Close your eyes while reclining on the lushly landscaped tropical deck, and the gentle sounds of the waterfall intermingled with ocean breezes will transport you to one of the finest resorts in the Caribbean. Take in the sweeping view of the Redondo Beach, and the glittering Queen’s necklace beyond and you’ll be reminded, happily, that you’re home. Completely rebuilt in 2009, this 3,296 square foot dream house exudes a refined elegance and casual style that will leave you feeling throughly spoiled. Balinese style ceiling fans spin lazily from high ceilings. The kitchen is lined with solid cherry cabinets and outfitted with top of the line appliances. Authentic touches reinforce the island feel everywhere you turn. Unobstructed Ocean views delight you from most rooms. Currently configured with 3 bedrooms, the Office, Gym, and Game room can each be converted to a bedroom. The master is breathtaking with a big ocean view balcony, and the bath is pure decadence with heated floors, an over sized shower, and a built-in Jacuzzi. Listing all the features of this home would be impossible. But there’s really only one you need to know: love. Lots of love went into this home, and no expense was spared to bring the islands to you.
Contact us for more information or to see full listing details and photos.
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.
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.
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
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
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
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
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
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
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
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
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
