Redondo Beach is one of the larger South Bay cities and offers some great opportunities for the real estate investor. With a healthy amount of duplexes, triplexes and smaller apartment buildings there might be just what you are looking for.
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may 2022 market report - Redondo Beach home prices Average $1,685,000
Take a look below at the homes that sold in Redondo Beach during the month of May 2022.
The activity level was solid but slower with with 60 home sales during the month compared with 76 in April.
The average “list” price was a pretty massive $1,567,867 with the average sold price at $1,685,169 meaning that, in general, homes sold WAY above the original list price.
The average price per foot was $935 and average days on market was a very brief 11 days before going into pending status.
This is an impossible to duplicate property with the incredible combination of oceanfront location, huge 1.4 acre (we don’t generally talk in acres in the South Bay) lot that extends to the sand below and two homes making it a true showcase estate. There’s nothing else like it on the South Bay.
The property actually consists of 2 distinct homes….the main home with 5
421 Paseo De La Playa
bedrooms and 8 total baths, and the “guest” home with 5 bedrooms and 7 total baths. Both homes are high on the bluff with unbeatable and unblockable ocean, PV and coastline views. The properties have stairs down to the beach below which is also a challenge to duplicate due to very restrictive California Coastal Commision restrictions.
The property was actually on the market back in 2020 and 2021 first at $27.0M and then at $23M but never sold. They also tried to sell the properties separately.
Remodeled, updated and added to (internally) in 1992
Designated a historic home in Redondo
Listed at $1,698,000
Listing courtesy of Michelle Accetta – Beach City Brokers – 310-543-3536
824 Emerald St was built in 1909 was completely updated in the 90’s. This single family home known historically as the Tingley House after the builder is a beautifully kept and updated Queen Anne Victorian straight out of the black and white photos of original Redondo Beach.
This corner lot charmer offers incredible charm with detailed woodwork and finishes that keep this home feeling like it was when originally built. The home is located on a great corner lot with a charming front lawn and just blocks to the beach. As expected this home didn’t last long and as of 5/17 it’s gone into escrow.
If you happen to live in The Village Redondo Beach…..there’s a great event just steps away. What a venue for a fun weekend concert……. The Beachlife Festival is 3 days of music, entertainment and community fun. We had the chance to go on Friday and it was fantastic as always. There is, of course, the music, which covers a lot of genres and there’s definitely something for everyone. There’s plenty of food and craft beer, booths of local companies, game areas with ping pong, and cornhole and more. The event has 4 stages and our favorite is always the lowtide stage as you watch from the sand of Seaside Lagoon so it’s really like a day at the beach. Visit the Beachlife Festival page for more information. Here’s the set list and times:
803 n paulina closes at $4,625,000 in south Redondo Beach
Highest priced home sale of the month
One of the most recent listings and now closed home sales in South Redondo Beach, was a massive single family home located at 803 N Paulina. The home boasts over 6,000 square feet with 5 bedrooms and 7 total baths. The location makes for some nice ocean views from the home and the incredible pool deck.
The home was listed at $3,995,000 and sold for a jaw dropping $4,625,000. $630,000 over the asking price!
