Three Sixty South Bay gated community in Hawthorne

Townhome for Sale in 360 South Bay – Great Alternative to Redondo Beach

Townhome for sale in 360 South Bay at 12822 Manhattan Court

**Update….this home has sold.  

Click here to view the current homes for sale in Three Sixty South Bay.Welcome to this bright and inviting home, located in the resort like gated community of Three Sixty South Bay. This turn key home features 3 bright and spacious bedrooms, all with private baths. This well designed floorplan offers a ground level bedroom with private bath, perfect for guests or extended family living. The second level features an impressive open layout that can adapt to your lifestyle. This level features a large living room and dining room, a bonus area perfect for playroom, formal dining, den or office. Luxury Amenities include plantation shutters, beautiful flooring, recessed lights and a wonderful sense of openness perfect for modern living. The gourmet kitchen offers stainless appliances, granite countertops, dark cherry cabinets, large island and is open to everything making it perfect for entertaining. Ideal for families needing 2 bedrooms on the same floor, the 3rd level offers a bright bedroom and the spacious master suite. All of this in a wonderful gated community with amenities that include a state of the art fitness center, three pools and spa, a fantastic billiard room and clubhouse , sports courts, and an entertainment BBQ deck to enjoy the resort style setting. Located in the award winning Wiseburn School district. Contact listing agent and 360 South Bay specialist Keith Kyle with Vista Sotheby’s International for more information or to schedule a private showing.

Three Sixty South Bay gated community in Hawthorne

Facts and Features

  • 3 bedroom, 3 1/2 bath
  • 1890 square feet
  • built in 2010
  • 2 car attached garage 

Learn more about 360 South Bay in Hawthorne CA

Gated community of Fusion South Bay

Fusion and 360 South Bay Hot Real Estate Markets

With inventory continuing to decline the condo and townhome markets in the Hollyglen communities of 360 South Bay and Fusion South Bay have continued their torrid pace.  Both complexes are located along Aviation Blvd in the area of Hawthorne known as Hollyglen.  Fusion South Bay was completed in 2007 and 360 South Bay began releasing units in the past 2 years, so both offer a very affordable way of getting new or newer construction in the area which is very rare in the South Bay.  According to Manhattan Beach realtor Keith Kyle “many home buyers in the area often start their search looking for homes in Redondo Beach and find that in the mid $400K -$550K range what they can afford is much older and smaller.  Fusion and 360 offer a similar location, great schools and a much lower price point.  Simply put you get much more for your money.”

The market has been very active with 8 resale units currently in escrow.  360 is still currently releasing new construction units and most are not on the MLS so there are a number of additional sales not noted below.  As of March 13th there are no active condos or townhomes for sale in Fusion but click below for the latest list of homes for sale as it’s continually updated.

Fusion South Bay Bearing the Brunt of the Foreclosure Wave

While much of the South Bay has been somewhat immune to the wave of foreclosures and short sales that have been so prevalent in much of Southern California, unfortunately the townhomes of Fusion South Bay haven’t been so lucky.  Of the 6 homes that are on the market, or currently in escrow, 5 are either short sales or bank owned which is an unheard of ratio in the area.

ML# Status Address Price Br/Ba Year Sqft Type
P831850 Active 5403 149TH PL #3 $            364,900 2/3.00 2007/ASR 1410 REO
V12041598 Pending 5412 149th PL #7 $            345,000 2/2.00 2007/ASR 800 Short Pay
V12063595 Pending 5511 149th PL #7 $            348,100 2/2.00 2006/ASR 800 Short Pay
S12090059 Pending 5506 149th PL #8 $            385,000 2/2.00 2007/ASR 1067 Short Pay
S12055041 Pending 5404 149th PL #12 $            499,900 3/3.00 2008/BLD 1790 Standard

So why is Fusion impacted so much more than surrounding areas.  Unfortunately it’s the perfect storm for foreclosures and is due to a number of factors.

  • Timing – The project was built in 2005 and 2006 so the original home buyers bought at the very peak of the market, and just before the bubble burst.
  • Owners – Most of the units were purchased by two types of buyers.  Many units were purchased by first time home buyers with access to loose lending and somewhat risky loans.  In addition many buyers purchased in Fusion as a “stepping stone” with no intention of remaining there for long.  The other primary buyers at the time were investors thinking they would make good rentals (which they have) but as they were second or even third homes they were also more susceptible to the downturn.
  • Self fulfilling prophecy – Just as the specter of the “shadow inventory” has many buyers and sellers concerned, this actually is the reality in Fusion.  As there have been so many short sales and foreclosures, it has driven the price down considerably leading to additional short sales and foreclosure.  Prices have dropped considerably and until the wave of distressed sales is resolved there is no clear turn around in sight.
  • Litigation – for all of 2011 there was pending litigation due to what the HOA considered builder defects.  While the issue was being resolved there was no lending available which limited any sales to cash buyers only which hammered prices even further.

Fusion is a great option for buyers looking to be near the beach, with good schools, in a gated community and very new construction for the area.  Prices are now favoring buyers looking to get in at the right time.  Unfortunately there are 2 sides to every issue and as I’ve sold numerous Fusion condos to some wonderful people, the “great deal” that Fusion has now become isn’t so great for everyone.

 

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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

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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.