October Market Update – Hollywood Riviera Home Sales

In most months the highest priced home sale or sales are in the Hollywood Riviera neighborhood.  While the area has a Redondo Beach mailing address it’s actually located in the city of Torrance.

View all of the homes that sold in Torrance in October

There were 8 on market property sales and the homes that sold had a median “asking” price of $1,447,000 with a median “sold” price of $1,500,000 indicating a very favorable market for sellers. The average price per foot was $729 and the homes averaged 24 days on the market.

View the current homes for sale in the Hollywood Riviera

October Home Sales and Sold Prices in the Hollywood Riviera

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
TWNHS/A 448 Palos Verdes Blvd $985,000 $619.11 3/1,1,1,0 1591/A 1978/ASR 10/7/2020
CONDO/A 213 Calle Mayor $1,050,000 $574.71 3/1,1,1,0 1827/A 1978/ASR 10/7/2020
SFR/D 329 Avenida Atezada $1,500,000 $1,053.37 3/2,0,1,0 1424/T 1952/ASR 10/1/2020
SFR/D 136 Via Los Miradores $1,889,000 $623.02 4/3,0,0,0 3032/A 1998/ASR 10/27/2020
SFR/D 503 Camino De Encanto $2,285,000 $1,099.09 4/1,2,0,0 2079/A 1955/ASR 10/5/2020
SFR/D 121 Via Alameda $2,750,000 $690.61 6/7,0,0,0 3982/A 2008/ASR 10/23/2020
SFR/D 24660 Via Valmonte $1,500,000 $435.41 5/2,1,1,0 3445/A 1971/ASR 10/23/2020

Torrance Oceanfront Home at 529 Paseo De La Playa Sells for $5,650,000

While the homes in the Hollywood Riviera have a Redondo Beach mailing address they’re actually residing in the city of Torrance….which means Torrance has beachfront homes (and a beach….but that’s another topic)

One notable sale was the oceanfront home located at 529 Paseo De La Playa. This oceanfront “project” home just closed escrow at $5,650,000 and has all the makings of a real legacy type property.  It’s likely to get a major overhaul but it’s a special property for sure.

View the current houses for sale in the Hollywood Riviera

The two story single family home  was a very clean but still fairly original with popcorn ceiling, wood paneling and more.  It had clearly been well maintained and had a great, and fairly rare flat yard overlooking the ocean and they had recently done a major project to shore up the hill and had created a trail to the beach which is no small task and approval from the California Coastal Commission can take years and years if approved at all.

Listing courtesy of Hal Licht & Howard Wood – Vista Sotheby’s International

Luxury Location in the Hollywood Riviera

Torrance is one of the more diverse cities in the South Bay when it comes to housing options. Some of the least expensive homes can be found in Torrance as well as some of the most expensive. The highest prices are almost always found along the beachfront street known as Paseo De La Playa. 425 Paseo De La Playa has a Redondo mailing address but is actually serviced by the city of Torrance. While it’s hard to imagine a home can be a bit of a project at $12,000,000 the eventual buyer is likely to spend a healthy amount truly making this one of the more spectacular homes in the South Bay.

425 Paseo De La Playa is one of those rare legacy type homes.  Perched on the bluffs above Torrance Beach, the home offers incredible and unblockable ocean views.  The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well.  The gated entry and true estate feel make for endless possibilities.While this home is in need of some updating to truly make it a legacy home, the basics are all here.

Listing provided by John Tran and Martin Le of NextGen Team Realty

Nearby Torrance – Featured Listing at 206 Ruby Street in South Redondo

If you’ve been searching for a home in Torrance CA but might want to be just a bit closer to the beach…..206 Ruby might be just what you’re looking for.

Welcome to the good life in South Redondo. This beautiful townhome has everything…located just 2 short blocks to the ocean and minutes from the Redondo Pier and King Harbor, enjoy cool ocean breezes and near perfect weather. The home is in turn key condition offering an open layout and countless upgrades. It’s the perfect home and location for the active California beach lifestyle.

  • $939,000
  • 2 bedrooms, 2 1/2 bath
  • 1,450 square feet
  • 2 blocks to the beach
  • 2 car attached garage

Contact listing agent Keith Kyle with Vista Sotheby’s Realty for more information or to schedule a private tour.

Photo Gallery

Information on 13025 Park Place #201

Contact listing agent Keith Kyle for more information on this home

Video of 206 Ruby Street in South Redondo Beach