April 21, 2016April 28, 2023

If oceanfront is what you’re looking for…..501 Paseo De La Playa

By Keith Kyle

I’ve been fortunate to represent a few clients on purchases or sales along Paseo De La Playa in the Hollywood Riviera and the locations is nothing short of spectacular. Paseo De La Playa is the oceanfront street that connects Redondo Beach with the beginning of the Palos Verdes Peninsula and offers a lifestyle not found in many places.

The recent listing of 501 Paseo De La Playa is no exception. This 5 bedroom, 3 1/2 bath home sits high on the bluff and offers mesmerizing views of the ocean, Palos Verdes and the beautiful coastline from Redondo to Malibu.

in Beach Front Homes, Hollywood Riviera, Homes of Note, Ocean View Homes, Oceanfront Homes, South Redondo Beach, Torrance Posted by Keith Kyle

November 24, 2015April 24, 2023

Holidays in Redondo – Riviera Village Holiday Stroll 2015

One of the great aspects of life in the South Bay is the sense of community charming shopping and dining area of Riviera Village thebeach cities offer. One of the best times of the year to enjoy that community is the holiday season with each city having numerous events and festivities. On December 3rd from 5-9pm is the always fun and cheerful Riviera Village holiday stroll.

Riviera Village is already a charming shopping and dining area that is
pedestrian friendly with a variety of places to choose from. For the holiday stroll, Catalina Avenue is shut down to car traffic and turned into a pedestrian only festival, making it a safe and fun way to start the holidays.

The Holiday Parade down Catalina Ave. steps off at 6 pm and features local bands, scout troops, dance groups, and some Redondo Beach dignitaries.

Riviera Village offers a wonderful holiday atmosphere with carolers and music, twinkling lights, horse drawn carriage, decorations and in years past has even seen a bit of snow!

Catalina Avenue will be closed to traffic from Avenue I to Elena Avenue from 5 to 9 p.m. to facilitate the happy shoppers.

in Communities, Hollywood Riviera, Just for Fun, Local News Posted by Keith Kyle

September 17, 2015March 12, 2023

Increased inventory slowing the market for high end Hollywood Riviera homes

By Keith Kyle South Redondo homes

A noticeable increase in number of homes for sale at $1,500,000 and above has seemed to put the brakes on a very hot real estate market in the Hollywood Riviera. The buying public had been clamoring for more homes on the market and now that they’ve arrived, it seems they’re not selling. The $1,100,000-$1,400,000 price point is still extremely active, but the increased inventory of high end homes has definitely slowed the market. Certain homes such as the recent listing at 225 Via Alameda which sold with multiple offers right from the start, are the exception at the moment and not the rule. It’s not uncommon to see these higher price point homes sitting on the market for months which is a distinct difference from some other high end areas in the South Bay. The chart below shows the number of active, pending and sold homes by month for homes priced over $1,500,000 and clearly indicates almost double the number of homes for sale while pending and sold listings are down.

View the current homes for sale in the Hollywood Riviera

in Hollywood Riviera, Market Trends Posted by Keith Kyle

Big Gains In May 2015 Median Home Prices in the South Bay

By Keith Kyle

May was another huge month in terms of home prices in the South Bay with Hermosa Beach highest on the wow factor with a median price in May of $,1450,00, almost 32% higher than the year before. Redondo Beach saw major gains as well with 106 homes selling in May with a median home price of over $844,000

City	Homes Sold	May 2015 Median	May 2014 Median	Year over Year % Change
Carson	45	$410,000	$376,500	8.9%
El Segundo	14	$803,500	$818,000	-0.8%
Gardena	35	$405,000	$400,000	1.3%
Harbor City	26	$415,000	$382,000	8.6%
Hawthorne	68	$525,00	$487,000	7.9%
Hermosa Beach	23	$1,450,000	$1,102,000	31.6%
Lawndale	12	$431,000	$417,500	3.2%
Lomita	11	$509,000	$575,000	3.5%
Long Beach	362	$433,000	$399,000	8.5%
Manhattan Beach	38	$2,238,750	$2,005,000	11.7%
Marina Del Rey	26	$917,000	$900,000	1.9%
Palos Verdes Estates	37	$1,515,000	$1,430,000	5.9%
Playa Del Rey	24	$615,000	$711,000	-135%
Rancho Palos Verdes	56	$1,100,000	$990,000	11.1%
Redondo Beach	106	$844,500	$722,000	17%
San Pedro	67	$449,250	$425,000	5.7%
Torrance	148	$579,000	$560,000	3.4%
Westchester	26	$900,000	$797,000	12.9%

in Hermosa Beach, Hollywood Riviera, Manhattan Beach, Market Trends, North Redondo Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

Village Palos Verdes – Oceanview Townhomes in the Hollywood Riviera

Village Palos Verdes in the Hollywood Riviera

Oceanview townhomes in Redondo Beach

By Keith Kyle

One of the more affordable ways of finding an ocean view home in the Hollywood Riviera is the largest complex in the area known as Village Palos Verdes. Located just east of Palos Verdes Blvd and west of Calle Mayor, the complex is just a short walk to Torrance Beach and the charming shopping area of Riviera Village. There are 180 units in the complex and due to combination of the staggered layout and the hillside location, many/most of the townhomes have some type of ocean views. In general the units facing Palos Verdes Blvd have the best views, but they also deal with overlooking a fairly busy street. Units are either 2 or 3 bedrooms usualy with 3 baths and priced ranged in 2014-early 2015 between the mid to high $600,000s up to just under $800,000 for the larger homes with better views.

Each unit has a two car garage. The complex had long been problematic in that the siding for all buildings had needed replacing for a very long time and the spector of a pending special assessment kept many buyers away. The work has since been done and the complex looks fresh and appealing. HOA fees are generally in the mid $400s but vary somewhat depending on the unit. The complex offers two pools and is a short walk to the beach, and has an abundance of shopping and dining nearby. It’s an ideal location.

View the current townhomes and condos for sale in the Hollywood Riviera

Current Townhomes and Condos for Sale in the Hollywood Riviera

in Communities, Hollywood Riviera, South Redondo Beach, Townhomes Posted by Keith Kyle

And then there were 4 – New Listings on the Ocean Front Street of Paseo De La Playa

In this market with very low inventory and many homes selling the minute that they hit the market, it’s very unusual to see 4 homes for sale on the most sought after street in the Hollywood Riviera.

The 4 homes for sale sit on the oceanfront street of Paseo De La Playa, just above Torrance Beach. Many residents know the street as it offers great views and is a favorite of cyclists heading up to Palos Verdes. 2 of the homes, the palatial gated estate located at 433 Paseo De La Playa, and 617 Paseo De La Playa are on the west side of the street meaning unblocked and unblockable views of the ocean, Palos Verdes, and the coastline all the way to Malibu. The primary reason they are still available is the pricetag with the sellers asking $16,000,000 for the home at 433 and the the home at 617 listed for $4,495,000 which is considerably higher than the most recent sales of similar homes.

The remaining 2 homes are fairly new to the market as of January 6th. Both sit on the east side of the street so they offer minimal coastline views but are still ideally located with a short walk or bike ride to the beach and the Riviera Village. The home at 630 Paseo De La Playa is a rather pricey $1,888,888 for 1325 square feet and minimal views. It’s market as a potential site for a 2 story dream home but as the home is in the Torrance hillside overlay area that might be a very tall task. The home for sale at 528 Paseo De La Playa is a bit more appropriately priced with almost 1800 square feet.

in Beach Front Homes, Communities, Hollywood Riviera, Homes of Note, Ocean View Homes, Oceanfront Homes, Torrance Posted by Keith Kyle

Hollywood Riviera

If oceanfront is what you’re looking for…..501 Paseo De La Playa

Holidays in Redondo – Riviera Village Holiday Stroll 2015

Increased inventory slowing the market for high end Hollywood Riviera homes

Big Gains In May 2015 Median Home Prices in the South Bay

Village Palos Verdes – Oceanview Townhomes in the Hollywood Riviera

Village Palos Verdes in the Hollywood Riviera

Oceanview townhomes in Redondo Beach

Current Townhomes and Condos for Sale in the Hollywood Riviera

And then there were 4 – New Listings on the Ocean Front Street of Paseo De La Playa

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