Redondo Beach

Redondo Beach, a Tale of Two Cities Redondo Beach is the largest of the Beach Cities, and is comprised of two areas. North Redondo is inland, bordering Manhattan Beach and Hermosa Beach on their east sides. South Redondo lies south of Hermosa Beach along the coast. There are a number of neighborhoods in North Redondo Beach, each with their own character. Best known are Redondo Villas North and South which includes the streets north of Artesia Blvd. to Manhattan Beach Blvd. and south of Artesia to Ripley. Much of this area has been developed into new, modern and spacious townhomes (two-on-a-lot). A charming neighborhood called the TRW Tract in honor of it’s dominant neighbor (now Northrup) is located in the northwest corner of the area bounded by Manhattan Beach Blvd. and Inglewood Ave. Characterized by curving tree-lined streets, it is a peaceful area of single family homes. South of Ripley is El Nino, another neighborhood of single family homes. A very popular neighborhood of North Redondo is Golden Hills. Single family homes on 25 foot wide lots create a neigborhood feeling something like that of San Francisco row houses, except that all the homes here are free-standing with narrow side set-backs. Nestled against the borders of Manhattan Beach and Hermosa Beach, it is close to the beach and the freeway.

 

North Redondo Beach has many opportunities for condo and townhouse buyers. Two-on-a-lot construction provides the space and floorplans of 2000+ square feet homes at prices that can range from the low $600’s for older units to just under $1 million for new construction when it can be found. Single family homes in the Golden Triangle are simislarly priced for homes of nearly the same square footage, but the floor plans are quite different with the living area often placed upstairs.

 

South Redondo includes areas both east and west of Pacific Coast Highway. West of the highway is the King Harbor home of the marina and yacht clubs, the Redondo Beach Pier, home to restaurants and civic events, and the Esplanade, street that runs along the beach and lined with condominium buildings and multi-million dollar homes A favorite neighborhood here is The Avenues referring to the alphabetically named Avenue A to Avenue I, where prices are highest in the 100 and 200 blocks. Many original homes still line the Avenues and lend the special character with their charming facades. Some are Spanish Revival complete with arches and spanish tile roofs, some are story-book cottages with manicured lawns and gardens. Driving west on any of the Avenues, you have a view of the ocean that reminds you why you wanted to live near the beach.

 

South Redondo Beach tends to be slightly higher in price—no surprise since it is the closest to the ocean. Single family homes are more prevalent, and average from the mid-nine hundred thousands ($900,000) to over a $1 million. Luxury homes may be $1,500,000 and up on the Avenues or $4,000,000 or more on the Esplanade. There are townhomes and condos as well, however. The townhome market provides many opportunities for new construction as well as units a little bit older. The Esplanade is developed in high-rise buildings, some are apartment conversions, that offer one or two bedrooms from $600,000 upward depending on the size, view and amenities of the complex.

 

Hollywood Riviera This charming village and beach is actually in the city of Torrance. (Yes, that is Torrance Beach.) The western half of the Hollywood Riviera has Redondo Beach addresses, and the eastern half has Torrance city addresses. South Redondo flows seamlessly into Riviera Village for outdoor cafes, restaurants, and shopping. Beyond the Village is a quiet neighborhood of winding streets stretching from the beach eastward at the foot of the Palos Verdes Peninsula. Some of the homes on west facing hillsides have gorgeous ocean views. Farther east are cliffside homes that overlook the entire Los Angeles Basin. Some overlook the Torrance airport (a small craft airport perfect for your private plane) to the skyscrapers of downtown Los Angeles. Upper Riviera streets are lined with Jacaranda trees that turn the streets into a purple carpet when they bloom.

 

What is there to do for fun around here??? A cruise on the bike path that starts in South Redondo is one of the best ways to see the beach cities from the perspective of a trip along side the ocean. The path extends to Playa del Rey, and with some zigging and zagging, even beyond that. And of course that includes great walking and beach activities as well. Redondo Beach proudly presents the Redondo Beach Performing Arts Center at 1935 Manhattan Beach Blvd. The center is the host to the Distinquished Speaker Series and the Civic Light Opera of the South Bay Cities. Redondo also includes The Galleria, a regional shopping center at Hawthorne Blvd. and Inglewood Ave. with stores such as Nordstroms and Mervyns. Check out the year round activities planned by the city and the local Chamber of Commerce.

 

Redondo Beach Home Prices North Redondo Villas ended 2010 with an average sales price of $626,000 and an inventory of less than two and one-half months based on the rate of sale. The average length of time on the market for sold properties was two months. Much of the sales and inventory is in two or three on a lot townhomes as well as a few single family homes. In the Golden Hills the average sold price was $625,000 by year end. This area is almost exclusively single family homes. Inventories ended the year extremely low at just one month. South Redondo is a mix of residential properties both single family and townhouses. The average sales price for the period ending December 31, 2010 was $785,000, and inventory levels were at 5 months. Average number of days on market for South Redondo was slightly higher at 105 days.