Oceanfront homes on Paseo De La Playa in the Hollywood Riviera of Redondo Beach.

Home of The Week – 425 Paseo De La Playa

One of our absolute favorite locations in all of the South Bay is Paseo De La Playa along the bluffs of the Hollywood Riviera. There are a very limited number of homes here and it’s truly a showcase location.

Oceanfront homes on Paseo De La Playa in the Hollywood Riviera of Redondo Beach.

This is an unbelievable location as the lots/homes are not only oceanfront but the lots are huge and extend all the way down to the beach.  As 425 Paseo De La Playa is one of the lower homes the slopes is a bit more mild and they’ve been able to build a path down to the beach (which is a VERY challenging step for homes without a path as it require California Coastal approval….which they don’t do).   The home at 425 is on a 28,000+ foot lot!  Pretty unheard of in the South Bay and certainly unheard of for a beachfront home.

  • Price:  $10,000,000
  • 3 bedroom
  • 3.5 bath
  • 2,640 square feet

Want an even easier way to search for oceanfront homes in the South Bay and Palos Verdes?  Tell us just a bit about your ideal home and we’ll customize a search just for you and send you email alerts whenever a new home hits the market.  Never miss a new listing in the Hollywood Riviera again.

Contact Redondo Beach realtor Keith Kyle with Vista Sotheby’s International for more information.

425 Paseo De La Playa

Listing provided by Strand Hill Christies International Real Estate

real estate trends

What’s happening in the Torrance Real Estate Market?

Take a look at the charts below to get a better understanding of what’s happening in the Torrance real estate market.   We hope that getting an awareness of what the real estate market has been doing for the past 18 months can help make you a knowledgeable home buyer or seller in this great city.  See the current homes for sale in the various neighborhoods of Torrance.

For Sale, Sold and Pending Sales in Torrance CA

Average Days on Market in Torrance and % that Homes Sell Versus the Original Listing Price

Keith Kyle is a top producing realtor and Torrance real estate specialist with Vista Sotheby’s International Realty

How Buyers and Sellers Handle Home Inspection Challenges

Helpful information on home inspections in Torrance CA

One of the more treacherous parts of an escrow is the home inspection and request for repairs.  Often times the buyer thinks that the home inspection is a “checklist” of what needs to be fixed while the seller either thinks their home is perfect or “it was just fine for us so why does the buyer need things that work fine upgraded or repaired”.  Finding middle ground isn’t always easy. As the graphic below shows, 80% of home inspection reports show at least something needing to be fixed.  We always recommend to both our buyers and sellers to be reasonable.  On the buyer side stick to actual problems or repairs.  If it’s an issue that the buyer will have to immediately pay for to have repaired…it’s a reasonable request.  The biggest challenge items are either those called out as not up to current code, or items towards the end of their service life.  Buyers need to understand that the statement “not up to current building code” does not mean it’s necessarily problematic.  Codes change all of the time and unless it’s a clear safety issue, it’s usually best to stick with actual repairs.  Items at the end of their service life really depend on the item, the cost and how extensive the rest of the repair list.  We’ve found that asking for everything usually ends with the seller dismissing any repairs….even the reasonable ones. Home inspections Keith Kyle is a top producing realtor and Torrance real estate specialist with Vista Sotheby’s International Realty in the South Bay.  Contact Keith for more information on how the home inspection and escrow process works in Torrance real estate.

Hollywood Riviera Home Sales and Home Prices for October

The Hollywood Riviera in Torrance had a fairly typical month for October 2019.  There were 9 home sales during the month and all were single family homes.   The median list price for the closed sales was $1,200,000 with the median sales price of $1,177,500 indicating that it is still a solid seller’s market.  That does seem to be shifting somewhat with the playing field leveling just a bit.  The least expensive home sale during October was $820,000 for a 3 bedroom, 2 1/2 bath single family home at 4414 Highgrove and the most expenseive sale of the month was a Louis Tomaro designed home at 340 Via Colusa.  This home was of particular interest to us as we were the listing agents when the sellers purchased the home.

View the current homes for sale in the Hollywood Riviera

Hollywood Riviera Home Sales in October

SB19185312 SFR/D 123 Via Anita    $1,350,000 $564.85 4/1,2,0,0 2390/A 1954/ASR 10/18/2019
SB19055980 SFR/D 143 Via Los Miradores    $1,500,000 $575.15 3/1,1,1,0 2608/A 1985/PUB 10/4/2019
SB19216324 SFR/D 423 Via San Sebastian    $1,600,000 $1,018.46 3/1,1,0,0 1571/A 1954/ASR 10/28/2019
PV19017943 SFR/D 340 Via Colusa    $1,840,000 $718.75 5/4,0,2,0 2560/A 2004/ASR 10/31/2019
SB19224613 SFR/D 4414 Highgrove    $820,000 $676.57 3/1,0,1,0 1212/A 1954/ASR 10/11/2019
IN19202984 SFR/D 4914 Pacific Coast    $850,000 $750.88 3/1,0,1,0 1132/A 1953/SEE 10/25/2019
SB19130538 SFR/D 3898 Newton ST   $965,000 $599.01 3/1,1,0,0 1611/A 1940/ASR 10/4/2019
PV19216333 SFR/D 23705 Susana AVE   $1,105,000 $865.99 3/1,0,1,0 1276/A 1954/ASR 10/22/2019
SB19177109 SFR/D 5002 Paseo De Las Tortugas    $1,177,500 $595.30 3/2,0,0,0 1978/A 1956/ASR 10/18/2019
South Bayport in Plaza Del Amo Torrance

Recent Home Sales in The Communities of Plaza Del Amo

Plaza Del Amo is a unique area in Central Torrance with an abundance of gated communities.  Although there are certainly complexes inPlaza Del Amo homesTorrance that are similar there is no concentration of these single family, townhome and condo communities anywhere else.  It’s really a real estate market unto itself in the heart of Torrance.

The real estate market in the Plaza Del Amo area was solid once again for the month of August 2019 with 11 closed home sales during the month.  The lowest priced sale of the month was a 1 bedroom condo on Merrill selling at just under $400,000 with the high sale of the months being a 4 bedroom single family home on Cranbrook selling at $895,000.  View also the current homes for sale in the Plaza Del Amo communities of Torrance.

Plaza Del Amo August Home Sales

MLS Type Address Sales Price $ Per Foot Bed/Bath Sq Feet Year Close Date
SB19124068 CONDO/A 2559 Plaza Del Amo #208 $535,000 $508.56 1/1,0,1,0 1052/A 1984/ASR 8/1/2019
PV19116891 TWNHS/A 2800 Plaza Del Amo #239 $620,000 $569.85 2/2,0,1,0 1088/A 1988/ASR 8/2/2019
IV19127812 SFR/D 905 Faysmith AVE $890,000 $540.05 4/2,0,0,0 1648/A 1951/PUB 8/2/2019
SB19142190 TWNHS/A 2801 Sepulveda BLVD #122 $825,000 $455.55 3/2,0,1,0 1811/A 1996/ASR 8/6/2019
SB19150625 SFR/D 1633 Hickory AVE $880,000 $511.93 4/1,0,1,0 1719/A 1948/ASR 8/7/2019
SB19157610 TWNHS/A 2595 Plaza Del Amo #415 $668,000 $491.54 2/2,0,1,0 1359/A 1986/ASR 8/14/2019
PW19114607 SFR/A 1204 Cranbrook AVE $895,000 $473.54 4/2,0,0,0 1890/A 1951/ASR 8/21/2019
SB19181641 SFR/D 1719 Iris AVE $880,000 $451.75 4/2,0,1,0 1948/A 1957/ASR 8/26/2019
SB19163321 TWNHS/A 3101 Plaza Del Amo #23 $635,000 $466.57 2/3,0,0,0 1361/A 1986/ASR 8/29/2019
SB19150903 CONDO/A 3030 Merrill DR #39 $398,000 $457.47 1/1,0,0,0 870/A 1963/ASR 8/30/2019
819003245 SFR/D 1027 Kornblum AVE $809,000 $641.55 3/1,0,1,0 1261/P 1951/ASR 8/30/2019