Ocean views from the Village in Redondo Beach

Rare Oceanview 2 Bedrooms in The Village in South Redondo Beach

By Keith Kyle

**Update**both of these condos have been sold.**

It’s not often that a 2 bedroom condo comes along in The Village in Redondo Beach.  Located just behind the Redondo Beach pier, the Village condos are located in the 600 – 660 The Village buildings (they are actually on Catalina but we’ll save that explanation for another day.)  The units with big views offer true vacation living with dazzling sunsets, views of the boats coming in and out of King Harbor and the sounds of waves hitting the shore.

The reason that it’s so rare to see two bedroom condos is that they are only located on the fronts of each building.  In addition to the fact that there are just so few of them, they are even more rare on the market as many buyers keep them as rental units once they outgrow the condo or just decided condo living isn’t for them.

Since 2010 there have only been 3 of these rare units available which is what makes it pretty astounding to see two units currently for sale at the same time.   This is even more unbelievable given the lack of home inventory throughout both Redondo Beach and the South Bay.  The first condo is located at 630 The Village #116 and is priced at $579,000.  The second unit with larger views and more updates is located at 610 The Village #116 and priced at $699,000.  Both units were built in 1974 and have 938 square feet, 2 pools, fitness center and direct access to walk to the pier and beach.  Ahh….vacation living is good.

pool area of Brookside Village

Brookside Village – South Redondo’s Most Affordable Address

Brookside  Village Condos in South Redondo Beach CA

South Redondo's Most Affordable Address

Redondo  Beach has it all…..great weather, proximity to the beach,  charming downtown, and plenty of housing options. One of the most affordable places to live in South Redondo Beach  is Brookside Village located in the area where Prospect and Camino Real intersect. Brookside Village is a planned community  comprised of 385 condominium units in 32 buildings in a park like setting and located just a short distance to the beach.  The complex offers 2 pools, 3 Jacuzzis, 2 saunas, 2 tennis courts, a clubhouse, and a gym. Housing prices range from  the low $300,000 range for smaller 1 bedroom units to the low to mid $500,000s for 3 bedroom 2 bath condos. As the complex  was primarily built in the early 1970s some of the units are still original with many being totally upgraded and modernized.

Brookside Village Redondo Beach
Never miss a new listing with our FREE email listing updates.  Tell us about your search and we’ll do the rest.

Current Brookside Village Condos for Sale

615 Esplanade Redondo Beach oceanfront condos for sale

Oceanfront Homes and Condos on The Esplanade of Redondo Beach

By Keith Kyle

When people think of life at the beach…they think ocean front. Unfortunately that idea is out of the price range of most people. Fortunately Redondo Beach has an option and it may be more affordable than you think. There are many options ranging from multi million dollar oceanfront estates, to the bluff top homes of Paseo De La Playa, to affordable condos that make life feel like a vacation!

Current Esplanade Oceanview Condos for Sale

3 on a lot townhomes in Redondo Beach

Redondo Beach Real Estate Explained – 3 on a lot Townhome

What is a " 3 on a lot townhome " in Redondo Beach?

One of the property types fairly unique to Redondo Beach is the “3 on a lot” townhome. When most buyers, especially those coming from out of the area, think of a townhome they picture endless rows of identical looking houses. Many buyers reach out to me looking for a single family home in the area, but unfortunately, can’t always afford single family homes in Redondo Beach. I often recommend that they consider a townhome as they’ll generally get nicer, newer, larger and better location for a lower price. Most of the time this idea is quickly rejected but once I show them the concept of a “two on a lot” or “three on a lot” they become far more interested. A great number of the lots in North Redondo are fairly large for the area at 50×150. These lots originally had some type of bungalow or duplex built in the 50s and many were long ago sold and knocked down. Due to zoning rules in Redondo Beach, what replaced them were most often townhomes.

A “3 on a lot” townhome is a building in which 3 units share the lot. These 3 on a lot townhomes are always connected, unlike some 2 on a lot situation, with shared walls between the front unit and middle, and back unit and middle. 

The most common details of the units are:

  • Front Unit – usually has some type of front yard that, while technically often “common use” areas, they are generally used only by the front owner.  The units often have square footage of 1700-1900, 3 bed, 2 1/2 bath, at least one balcony, attached garage and one shared wall (garage below and often living room above.  Most often there are two bedrooms and 1 bath downstairs, with the master bedroom, living room and kitchen upstairs.  These units are often the brightest but also front the street.
  • Middle Unit – The middle unit is often the least expensive of the three units due to the multiple shared walls and no yard.  Square footage is often between 1700-2000 square feet and either has the same configuration as above, or often times has 4 bedrooms with 2 downstairs, master upstairs and a very small 4th bedroom upstairs.  Living room is often smaller in the middle unit.
  • Rear Unit – Usually the most expensive as they almost always have some type of private yard in back.  Configuration is often the same as the front unit, but usually some type of sliding doors/French doors from one or both of the downstairs bedrooms accessing the backyard.

One aspect that many buyers find difficult to accept is the fact that there is an HOA.  Unlike large complexes with management companies, HOA board meetings etc., the HOA on a 3 on a lot can be very low key and sometimes not even active.  As the 3 owners collectively own a portion of the land, the HOA cannot be dissolved but in many cases it is inactive.  In general they are informal affairs with the minimal HOA fees (often around $175 a month) covering landscaping and shared insurance and each owner covering maintenance, and other items separately.  As with any property not wholly owned there are possible challenges and frustrations as owners (just like neighbors) don’t always see eye to eye on fixes, repairs like termite work, roof fixes, etc.  Overall the benefit of the townhouse concept is that the same price that may purchase a 1100 foot 2 or 3 bed 1 bath house in need of work, can purchase a 1800 foot 3 bedroom 3 bath townhome that’s far newer.  Real estate purchases almost always involve compromises and priorities and depending on just what’s important to a buyer in Redondo Beach, a 3 on a lot townhome might be an ideal fit.

Redondo Beach Open Houses This Weekend

If you are looking to purchase a home in the South Bay and want to visit open houses in Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo and surrounding areas, you’ve come to the right place.  Our South Bay open house list has weekly schedules for all South public open houses. Take advantage of our HomeFinder and have new listings emailed to you daily. Open House schedule subject to change without any notice.

Fusion townhomes show just how the market has changed

Often when we look at the broader world of the real estate market it’s hard to notice just how dramatic a shift can be. It’s equally amazing just how quickly we forget the market we just left…as if we’ll never be back. I focus much of my attention in terms of marketing, selling and blogging about a small gated community in the Hollyglen known as Fusion South Bay. It’s just a pocket of newer townhomes in the South Bay but nowhere have I seen a more drastic turnaround and the implications it has had. I sold a few units at the height of the market and have struggled with the fact that values went down so dramatically and so quickly. As they were constructed in 2005-2007 almost every buyer was truly buying at the peak of the market. The result was a % of short sales and foreclosures not seen anywhere else in the area. Less than a year ago almost 75% of the closed sales were short sales and values plummeted. I showed most of them and, at the time, I almost felt as though you couldn’t give them away….no buyer motivation, no sense of urgency and most of those buyers are probably now kicking themselves. It was truly a buyers market.

Just a year later and oh how the real estate world has changed. Units that had been in the low $300,000s are now in the mid to high $400,000s and buyers are lining up for the next owner that decides to sell.   At the moment the one 2 bedroom home for sale, the smallest floor plan in Fusion, is listed at the same price that a 3 bedroom sold for just a year earlier.  Those clients that had bought a few years back are once again looking good and those that didn’t purchase at the bottom when they had the chance are certainly wishing they had. In one short year this micro market has gone from barely being able to give away these townhomes, to having buyers and agents eagerly searching off market for the chance to own one.

My how quickly things change and how quickly we forget where we just were.

 

[idx-listings community=”Holly Glen/Del Aire” statuses=”1″ propertytypes=”511,512″ orderby=”DateAdded” orderdir=”DESC” count=”5″ showlargerphotos=”true”]

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

redondo beach

Vista Sotheby's International

Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

CONTACT AGENT

DRE#01712785

keith kyle

Top Producing Realtor

ENQUIRE

Sotheby's International

Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.