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

Location, Location, Location – Oceanfront Home in the Hollywood Riviera

Beachfront homes in the Hollywood Riviera don’t come along all that often. If you’re looking for something out of the ordinary, 505 Paseo De La Playa might be the home and location for you.  The home is listed at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet.  Offering really large (by South Bay standards) lots that extend all the way from Paseo De La Playa to the sands of Torrance Beach they are very unlike the beachfront homes of the Manhattan Beach Strand and Hermosa Strand,    It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception.  Built in 1962 it’s an older home that feels pretty dated and will likely get/need quite a bit of work to become a luxury home,  but as they say in real estate, “location, location, location”.

505 Paseo De La Playa

Details:

  • 4 bedrooms
  • 3 baths
  • 3,179 square feet
  • 26,985 foot lot
  • Oceanfront
  • Priced at $5,500,000

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505 Paseo De La Playa Information

Paseo De La Playa in the Hollywood Riviera offers oceanfront homes with dazzling views

Market Update – Paseo De La Playa

Paseo De La Playa, the oceanfront street in the Hollywood Riviera of Torrance and Redondo Beach, has seen some busy days in the real estate market.  Currently there is the enormous gated estate of 433 Paseo De La Playa listed at a “mere” $16,000,000.  The recent high water mark was set by 517 Paseo De La Playa, a completely renovated home, selling at $5,920,000.  See the current homes for sale on Paseo De La Playa in Redondo Beach.

 

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Torrance realtor Keith Kyle
Keith Kyle
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