Hollywood Riviera Dining – Sea Change Restaurant Visit with Civic Couch

Civic Couch and Steve Napolitano offer a look at restaurant Sea Change in Chez Melange in the Riviera Village shopping and dining area. Located at 1611 S. Catalina Avenue, Redondo Beach they are a “Seafood-centric restaurant with market-driven daily changing global menu”

Sea Change at Chez Melange
1611 S. Catalina Avenue, Redondo Beach, CA 90277

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.

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.

Hollywood Riviera Real Estate Bucks the Trend…..

While most other areas and neighborhoods are seeing inventory of unsold homes rise as the market cools, the Hollywood Riviera has bucked that trend.  This fantastic coastal community has now seen three straight months with the number of active homes for sale decreasing.  September 2018 was the recent high water mark with 25 active listings.  Whether it’s just a slowdown due to the holiday season or a larger trend with tightening inventory remains to be seen.  As of this post (12/21) there are only 10 homes currently for sale in the community.

See the current homes for sale in the Hollywood Riviera.

Mid Year Home Sales Report in the Hollywood Riviera

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

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

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.

September 2017 Home Sales in the Hollywood Riviera and South Bay

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%

Community Spotlight – Village Palos Verdes

For many, an oceanview home in the Hollywood Riviera is unaffordable.  One option may be Village Palos Verdes located just south of Palos Verdes drive.  Not only do many of the townhomes have great ocean views but the location is ideal with the community just a short walk to Torrance beach and Paseo De La Playa.  The complex consists of approximately 180 units with current HOA (as of 8/17) around $480 a month.  The street addresses for the homes in Village Palos Verdes are either Calle Mayor, Calle Miramar, Camino De Las Colinas or Palos Verdes Blvd (see map below).

The homes are a combination of 2 and 3 bedrooms generally on 3 levels ranging between 1350 square feet and 1905 square feet. All have attached garages.  The townhomes were built between 1974 and 1978 with some still having a fairly original feel and some being extensively remodeled.  The community offers a pool and spa and is ideally located just a few blocks from the beach.  Click here to see the current homes for sale in the Hollywood Riviera and Village Palos Verdes.  For many years the concern about the community had been the large special assessment needed to update and renovate the exteriors from the original wood siding.  Those changes took place several years ago and the community now has a wonderful look and feel.

Multiple Homes for Sale on Camino De Encanto…..Walking Distance to the Beach

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.  What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.  Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

Hollywood Riviera for the Holidays – the Anual Riviera Village Holiday Stroll

If you are looking for a great way to kick off the holidays in Redondo Beach the Riviera Village holiday stroll may be just the ticket.  Enjoy a great community asmosphere, carolers, sleigh rides, tasty treat, Santa of course, and even some snow.

The annual Holiday Stroll kicks off at 5 p.m. A parade featuring marching bands from local schools and that jolly guy in the red suit, Santa Claus, at the corner of Catalina Avenue and Avenue I. With over 300 fashionable boutiques offering a wide variety of unique gift ideas, Riviera Village is the destination of choice for discerning shoppers. The Village takes on a cheerful holiday atmosphere with lights, decorations and festive music for your enjoyment as you stroll along the avenues admiring the festooned store fronts.