Homes and Real Estate in the Hollywood Riviera

Homes and Real Estate in the Hollywood Riviera of Redondo Beach

May 2019 Hollywood Riviera Home Sales

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May was another solid month for home sales in the Hollywood Riviera.  We saw 13 home sales with an average list price of $1,410,000 and an average sales price of $1,404,00 which indicates that we’re still in a strong sellers market.   The average days on market was 30 and median days on market was only 17 again indicating a very strong market and we’re just heading into the summer selling season.

View the current Hollywood Riviera homes for sale.

The lowest priced home was a single family with 1,467 square feet on Greenmeadows that sold for $945,000 with the highest sale of the month was a single family at 832 Calle De Arboles that sold at their list price of $2,500,000.

May 2019 Hollywood Riviera Home Sales

Type Address Close Price / List Price $ Per Foot Bed/Bath Sq Feet Year Built COE Date
SFR/D 345 Calle Mayor $1,685,000 /  $1,725,000 $574.89 5/2,2,0,0 2931/A 1956/ASR 5/2/2019
SFR/D 4079 Bluff ST $1,175,000 $850.22 3/1,1,0,0 1382/A 1948/PUB 5/3/2019
SFR/D 149 Vista Del Parque $1,375,000 /  $1,424,000 $703.32 4/1,1,0,0 1955/A 1959/ASR 5/3/2019
SFR/D 5144 Newton ST $1,550,000 /  $1,379,000 $622.49 5/3,0,1,0 2490/T 1954/ASR 5/3/2019
SFR/D 4620 Greenmeadows AVE $945,000 /  $925,000 $644.17 3/2,0,0,0 1467/A 1953/APP 5/7/2019
SFR/D 4733 Greenmeadows AVE $1,275,000 /  $1,299,999 $621.04 4/1,1,1,0 2053/A 1953/ASR 5/8/2019
SFR/D 105 Calle De Arboles $1,650,000 /  $1,599,000 $1,165.25 3/2,0,0,0 1416/A 1954/ASR 5/8/2019
SFR/D 162 Paseo De Las Delicias $1,300,000 /  $1,375,000 $891.02 2/2,0,0,0 1459/A 1952/ASR 5/15/2019
SFR/D 4814 Highgrove AVE $969,000 $862.10 3/1,0,1,0 1124/A 1953/ASR 5/22/2019
SFR/D 832 Calle De Arboles $2,500,000 $757.58 5/5,0,0,0 3300/E 1948/EST 5/26/2019
SFR/D 23315 Shadycroft AVE $1,050,000 /  $1,059,000 $632.53 3/1,1,0,0 1660/A 1954/ASR 5/29/2019
SFR/D 130 Via Los Miradores $1,365,000 /  $1,450,000 $529.27 3/2,0,0,0 2579/A 1950/ASR 5/30/2019
SFR/D 5002 Via El Sereno $1,410,000 /  $1,450,000 $671.43 3/1,1,0,0 2100/T 1956/ASR 5/30/2019

Hollywood Riviera View Protection – Torrance Hillside Overlay Restrictions

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Without question ocean views are pretty important and in most cities they’re not protected in any way.    You may buy or live in a house that has spectacular ocean views only to have them disappear at some point.  It’s not just the views that are impacted but the light and breezes as well.    These ocean views have immeasurable value from both a quality of life aspect as well as monetarily.   Big ocean views can be the difference in hundreds of thousands, and sometimes even millions of dollars.  In many of the South Bay cities these views are unprotected and it’s not rare for a home’s stunning ocean views to disappear when the one story home next door gets torn down and new and much larger home replaces it.

Certain areas of Torrance are the exception. Primarily found in the Hollywood Riviera and Seaside Ranchos neighborhoods the city has incorporated much stricter building guidelines known as the “Hillside Overlay” area.  (see map below)

See the homes currently for sale in the Hollywood Riviera

In 1977, the Hillside Overlay Area was established in Torrance, CA in order to address issues concerning building, remodeling, and protecting views and privacy.  All new construction (meaning both new homes and expansions on current structures) are subject to review and input by neighbors including “flagging”  where a mock up of the future structure are marked with plastic flags  to approximate the outlines of any proposed addition to the structure prior to permit approval so that neighborhood input may be obtained.

Torrance Municipal Code Excerpt (Hillside Overlay)

The basics of the hillside overlay are as follows:  Upon receipt of the complete application, the Community Development Director shall set a date, time and place for a public hearing thereon as soon as practicable and shall send notice thereof to the owners of land included within a three hundred (300) foot radius of the exterior boundaries of the land for which the permit is sought

No construction and no remodeling or enlargement of a building or structure shall be permitted unless the Planning Commission (or the City Council on appeal) shall find that the location and size of the building or structure, or the location and size of the remodeled or enlarged portions of the building or structure, have been planned and designed in such a manner as to comply with the following provisions:

  1. The proposed development will not have an adverse impact upon the view, light, air and privacy of other properties in the vicinity;
  2. The development has been located, planned and designed so as to cause the least intrusion on the views, light, air and privacy of other properties in the vicinity;
  3. The design provides an orderly and attractive development in harmony with other properties in the vicinity;
  4. The design will not have a harmful impact upon the land values and investment of other properties in the vicinity;
  5. Granting such application would not be materially detrimental to the public welfare and to other properties in the vicinity;
  6. The proposed development will not cause or result in an adverse cumulative impact on other properties in the vicinity.

Please note that most of the information on this page is from the City of Torrance website and regulations posted in 2018.  We cannot guarantee the accuracy of any of the information and recommend checking with the city for any/all information, regulation and restrictions.

Torrance Hillside Overlay

 

What’s Around the Riviera? Explore the Neighborhoods of the South Bay

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If Hollyglen and Del Aire aren’t the only neighborhoods you might be interested in, click on any city, neighborhood or photo below to see a real estate website designed specifically to provide valuable information on that area. See the current homes for sale, recent home sales, market statistics, area maps, photos and more. We hope that our information can help you with your home search. If you want other information or would like our assistance with your search please don’t hesitate to contact Keith Kyle for all of your real estate needs.

South Bay Communities and Real Estate Websites Around Hawthorne

 

Top Producing Realtors Announced for 2018

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 Vista Sotheby’s recently announced their top 25 agents for 2018 and Torrance/Redondo Beach real estate specialist Keith Kyle was named as one of the highest producing realtors for the year.  We are proud to, once again, be named to the list of top producing agents at Vista Sotheby’s International Realty.   We wanted to thank all of our friends and clients for putting their trust in us and hope we can earn your trust as well.

Keith has been a full time licensed realtor since 2005 and has been recognized as a “top producer” at both South Bay Brokers and Vista Sotheby’s since 2007. See Keith Kyle’s bio and background information on our about your realtor page.

Budgeting To Buy a House in the Hollywood Riviera

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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.