320 Paseo De La Playa sunset view

Homes we Like – Big Views and a Beachy Vibe at 320 Paseo De La Playa

Although it’s surprising to still see this home on the market for over a month, we still think it’s a pretty affordable way of enjoying the good life in the Hollywood Riviera.  While homes on Paseo De La Playa are selling well into the multi millions (the largest of which sold over $22,000,000 in 2018!!!) there are still opportunities to carve out your beach niche in the area.  Just east of the parking lot above Torrance Beach is 320 Paseo De La Playa.  This condo/townhome offers some stunning and unblockable ocean views and sit’s just across the street from the beach.  Just reduced from $1,479,000 to $1,379,000 and listed with Redfin, this property may just be the beach home you’re looking for.

PRICE: $1,379,000
BED / BATH:  2/3
PRICE PER SQFT:  $811.18
LEVELS:  Two
GARAGE:  2/Detached
YEAR BUILT:  1976
SQFT(src):  1,700 (O)

Homes We Love: 103 Via Mesa Grande

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.

  • Priced at $2,699,000
  • 3 Bedrooms, 3 1/2 bath
  • 3,370 square feet
  • Ocean view

Budgeting for a home inforgraphic

Budgeting To Buy a House in the Hollywood Riviera

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.

Budgeting for a home inforgraphic

417 Paseo De La Playa Redondo Beach

Hollywood Riviera Real Estate Market 2018- Year in Review

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.

417 Avenida De Jose Redondo Beach

Rare Air of over $3.0M on 417 Avenida De Jose

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.

Down payment options infographic

Worried about the Down Payment? You may have options

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.

Down payment options infographic

 

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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

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

Redondo Beach realtor Keith Kyle.
DRE#01712785

Keith Kyle

Top Producing Realtor

About Vista Sotheby's

Learn more about how Keith Kyle and Vista Sotheby's International can help with all of your real estate needs

Homes in Hollywood Riviera. All rights reserved. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. **This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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