Empty Redondo Beach

What Happened in November? Active Listings Dropped Off a Cliff

A Look at the Real Estate Market in the Hollywood Riviera

We look at a lot of real estate data and charts for the South Bay and the pattern is generally pretty similar in various towns. The Hollywood Riviera seems to be a bit different, however, and doesn’t seem to be following the same trends. What we saw was a fairly typical increase in both listings and sales as we got to, and through, the summer months. It usually slows down around November but it’s usually gradual. That wasn’t the case in the Hollywood Riviera as we went from 37 active listings in October to 26 in November and plummeted to 15 in December.  Unfortunately for home buyers in the area, the inventory has been extremely low ever since.

View the current homes for sale in the Hollywood Riviera

The chart below shows active listings per month (light green) sold homes (dark green) and pending sales (red line)

Empty Redondo Beach

 

Cote D'Azur oceanfront condos

Condo Spotlight – Oceanfront Living in Cote D’Azur Villas

Oceanfront Condos at Cote D'Azur

Located on incredible Paseo De La Playa in the Hollywod Riviera

If an oceanfront location is on high on the priority list, the condo complex of Cote D’Azur might be an ideal spot.  Surrounded by single family homes, Cote D’ Azur offers an incredible location overlooking Torrance Beach, the ocean and Palos Verdes.    Sitting on the highest spot of the spectacular street Paseo De La Playa, the complex resides among some of the most expensive single family homes in all of the South Bay.

While the exteriors of the buildings look rather dated and industrial, many interiors have been extensively updated with a very new look and feel.  Cote D’Azur features 4 separate buildings each with 3 levels and units on both sides of the buildings meaning some have ocean views and other do not. All of the homes are single level condos and are situated around a very nice ocean view pool area. There are very few units directly facing the ocean but many have great views from somewhat of an angle.

Although the grounds aren’t overdeveloped the location is simply incredible.

The condos are 2 bedroom 2 bath with square footage generally a bit below and above 1,400.  Prices range considerably depending on both upgrades and especially views.  HOA dues are currently (as of 2022) around $600 a month.

Cote D Azur pool in the Hollywood Riviera.

 

Want to know about new listings in Cote D’ Azur?  Tell us a bit about your search (specify this location) and we’ll send you updates whenever a new listing in the complex becomes available.

Current Condos for Sale in Cote D’ Azur

320 Paseo De La Playa sunset view

May 2019 Hollywood Riviera Home Sales

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
Riviera and downtown LA

Hollywood Riviera Real Estate Resources

Whether you are considering buying a home in the Hollywood Riviera, Redondo or Torrance or own a home and are considering listing and selling it, we’ve tried to make it as easy as possible to start the process. Please click on any link below for helpful information on that topic. You can search for homes, get the value of your home, receive listing updates or search the area.

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Torrance hillside overlay flagged home

Hollywood Riviera View Protection – Torrance Hillside Overlay Restrictions

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

 

402 Via San Sebastian Redondo Beach

Homes We Like – 402 Via San Sebastian in the Hollywood Riviera

**this home has sold….please see the current homes for sale in the Hollywood Riviera for updated listings.

Call us suckers for big ocean views and clean coastal design, but the home at 402 Via San Sebastian definitely caught our eye. The home offers some fantastic ocean views and the clean design inspired by luxury coastal living makes for a fantastic place to call home. Sitting on a 10,000+ foot elevated lot, the home has expansive views of the oceean and coast. With 3 bedrooms, 2 baths and a bit over 1,500 feet the home fits in nicely with the neighborhood. Although it was originally built in 1954 the home was recently remodeled and reimagined. Listed with Jennifer Fematt of Douglass Elliman the home is currently priced at $1,750,000.  Contact us for more information on this home or to schedule a private showing.

402 Via San Sebastian Hollywood Riviera

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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

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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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