Wednesday, July 2, 2014

South Torrance CA 90505 MLS Search: Houses, Condos, and Townhomes for Sale

The attraction of good schools, freeway access, proximity to beaches and work draws many who are new to the area as well as long time South Bay residents to Torrance CA.

South Torrance is a great place to live and features a number of really great neighnorhoods such as Country Hills, Victoria Knolls, Walteria, Seaside Ranchos, and Hollywood Riviera.

Search Active MLS Real Estate Listings in Torrance CA 90505 using the map below or click here to view in full screen mode. Photos, Maps, "Zestimates", Prices, Walk Scores, and more.

Here's some other Torrance MLS Searches you may find helpful:

West Torrance 90503
North Torrance 90504
Torrance CA MLS Search 90501
Torracne CA MLS Search 90502
Torrance Condos and Townhomes for Sale
Torrance Single Family Houses for Sale

And here's some other South Bay MLS Searches for Homes for Sale:

North Redondo Beach CA 90278 MLS Search
South Redondo Beach CA 90277 MLS Search
Hermosa Beach CA 90254 MLS Search
Manhattan Beach CA 90266 MLS Search
Rancho Palos Verdes CA 90275 MLS Search
Rolling Hills Estates CA 9274 MLS Search
Call Zillow 5 Star Torrance Real Estate Agent Ellis Posner to buy or sell Real Estate in the South Bay.

Saturday, June 14, 2014

Hermosa Beach CA Real Estate: Open Houses June 14-15

These are the open houses in Hermosa Beach CA 90254 on Father's Day weekend 2014 in Hermosa Beach CA 90254. There are listings from all the real estate agents, brokers, Realtors, Realty companies working the beach. You can see a nice cross section of townhomes, condos, SFRS in a broad price range.
If you are a serious buyer, here's a few thoughts about open houses.

First, when you are starting your house hunt, open houses are a great way to famiiarize yourself with floorplans, features, price points and to get a very general idea of what you like and don't like. Open houses are unfortunately not the best strategy for a successful purchase, particulalrly in this seller's market. Here's why.
Not every listing is held "open" every weekend. What you'll mostly be looking at are the newest listings, many of which are most likely to sell for above the list price with multiple offers very quickly and the oldest listings that are either grossly over priced or have undersirable features and are hard to sell. Or both! The best way to find your next home is to work with Realtor who can get you into all the listings you want to see and advise you as to the buying (or selling) process.
Speaking of Real Estate Agents, the reason that most agents work at open houses, either their listings or someone elses, is to meet buyers. So, you will hear some pretty outrageous stuff from many of the agents you are likely to run into. The most common urban myth these days is that they have "off-market" and pocket listings that you'll never see unless you work with the, (Sure.) While we all have access from time to time to a few listings that are "coming soon", for the most part most properties ultimately get listed in the MLS in order to get the most visibility and have the greatest exposure to the public.
If you are buying a home in the South Bay, call me for some specials I am running for my buyer clients. These programs can help you save thousands in closing costs. These are real savings for real people that many of my clients have enjoyed over the years. Don't be shy, call 310 975 5139.

Saturday, May 17, 2014

Torrance Single Family 4 Bedroom House for Sale

I just listed this SFR in Southeast Torrance at 1915 West 236th Street. Remodeled and updated single level 4 bedroom 2 bath SFR sitting right across the street from Sur La Brea Park in Torrance. Almost 2000 sq ft but because there are no stairways, this home feels much larger with its open floor plan. Enter directly through the double doors into a larger oversize living room with wood floors that extend into the, kitchen, dining room, and hallway. The living space of this contemporary home features large rooms with a flexible floorplan. The kitchen has been updated with granite counter tops and you'll find other desirable updates such as crown molding, dual pane windows, recessed lighting, etc. There's 2 car parking in the attached garage and many more features in this south facing home in move in condition. The work has already been done for you so put this one on your list to see because it may well be your new home! Here's a link to the website.  Priced to sell at $725,000. Listing Broker Shorewood Realtors.

Monday, May 12, 2014

Bixby Knolls Townhouse for Sale in Long Beach CA 90807

Extremely large (over 1500 sq ft), remodeled and updated 2 bedroom light and open multi level end unit townhouse. Engineered Virginia "Tobacco Road" Acacia (1/2" x 5") wood floors, granite counter tops, newer cabinets, travertine floors, stainless steel appliances, new vinyl windows, A/C and central heat and more! High ceilings in the living areas, 2 over sized bedrooms and enough room to fit your home office so you don't even need that 3rd bedroom. Private patio on the main level off the living room and secure parking for 2 cars. Washer dryer hookup outside the unit as well as a laundry room available for the building. Close to freeways, shopping, restaurants, entertainment and more. Put this one on your list to see - you may make it your new home!

375 East 36th St Unit 15, Long Beach CA 90807 Offered at $345,000.

Tuesday, March 25, 2014

Redondo Beach 4 Bedroom Townhome for Sale: Just Listed - Large and Remodeled

I just listed this townhome at 2114 Huntington Ln in North Redondo Beach CA 90278 for $849,000.
Here's how I described it in the MLS:
"This Mediterranean 4 bedroom North Redondo Beach Townhouse has an inviting and flexible floorplan that is perfect for entertaining. Downstairs there is a formal living room with a fireplace and a dining room plus a family room opening to a cozy patio area and direct access to the 2 car garage. There's an eat in kitchen that has been remodeled and updated with granite counter tops, stainless steel appliances, new cabinets and a special deep granite sink. Upstairs are 4 over size bedrooms, 2 with walk in closets and 2 with custom shelving plus a laundry area. The master is huge with vaulted ceilings and a large walk in closet. Because this great home sits at one of the highest points on the block you can see the mountains and downtown on a clear day from 2 of the front bedrooms which also have panoramic neighborhood views. High ceilings throughout, wood floors, plantation shutters, crown molding and other desirable updates are already done. This property sits on a nice section block with other newer townhomes and SFRs. Enjoy the South Bay from this convenient location near shopping, schools, freeways, restaurants, entertainment and just about 10 minutes to the beach. Put this one on your list to see because most likely you will want it to be your new home!"

Sunday, March 9, 2014

Old Torrance 90501 Townhomes: Sold at 2720 Gramercy

My buyer clients just closed escrow on Unit 8 at 2720 Gramercy Av in Old Torrance. Their final purchase price was $438,000 and more on that in a bit.

This 1204 sq ft unit was rather unique in that it started out as a 2 bedroom but is now a 3 bedroom. The original floorplan had one bedroom with a full bath downstairs and one bedroom with a full bath and loft upstairs. The upstairs loft was nicely finished off, with a closet to create a third bedroom.

The end unit property is located in the back of the complex, overlooks the pool and I belieev was a great deal at $438,000. The price point throughout Torrance seems to be moving up as inventory of all kinds of properties remains light.

A little bit about pricing.

We're seeing two startegies from listing agents right now. One is to price properties right at or slightly below the market in order to get multiple offers above the asking price in the first 10 days. I think that's a great strategy and have successfully used in on a number of recent listings.

I also see agents pricing on what I see as the "appreciation" or "supply and demand" model. At least that's what I call it. Other people call it "OP" or overpriced, lol. There's been a number of new listings coming out that have no support, and I mean none for the list price.

Here's my point.

In an appreciationg market, sellers and listing agents are better served letting the market determine the sell price rather than arbitrarily increasing prices the public won't support.
Gramercy was initially listed ahead of the curve (in my humble opinion) and as a result a perectly good property sat on the market for too long and my clients were able to secure it at a great price. I have a similar situation evolving in North Redondo Beach on a Golden Hills property that I am also representing the buyers on. More on that at another time on another website!

Listing Broker RE/MAX. Selling Broker Shorewood Realtors. MLS PV13241618.

Friday, March 7, 2014

Sold Homes Hermosa Beach CA 90254 Feb 2014

This may be a very good sign of things to come: 14 homes closed escrow in a short 28 day month. Sales activity was strong in all price ranges from $405K for a 1 bedroom, 1 bath at 1600 Ardmore up to a high of $2.75M for a SFR house at 339 28th St. Nine of the 14 sales took place at or above the list price.

As usual, a lot of the activity was in the Hermosa Beach Sand Section with 5 homes changing hands there. A surprising 5 homes were sold in the Hermosa Valley neighborhood which typically does not have a lot of tunrover. The Hermosa Hills or East Hermosa had 4 sales recorded. That neighborhood was particularly hot last year.

Five townhomes were sold, of which 4 were detached, 1 condo, and 8 SFRs. The median was about $1.344. Nine properties sold between $1m and $2M. No doubt there is a lot more to choose from in that price range in Hermosa than in Manhattan Beach. Now on to my favorite part of all this: my favorites (in no particular order).

Golden View
1627 Golden, Hermosa Beach: if you've been reading my blogs you know I'm going to like this. It's new and modern and very much reminds me of my sale last year at 123 Bayview. This detached ocean view townhouse is in the East Hermosa Hills north of Aviation Blvd and just east of Prospect. It was completed in 2013. Great kitchen, massive outdoor deck, high end featurs such as sanded and polished concrete floors (downstairs), French Oak in the great room, 4 bedrooms, 3.5 baths, 2900 sq ft. Listed for $1.79M. Closed escrow at $1.7M exactly. Listing Broker Shorewood Realtors. Selling Agent Keller Williams Beach Cities. MLS SB13231150.

I think that the buyer got a reasonable deal on 1225 Corona, also north of Aviation in East Hermosa Beach. At $880K, basically that's North Redondo Beach "Tall & Skinny" pricing in Hermosa. Nice. FYI, this property was initially listed at $829K. It sold above list price in 8 days.
1225 Corona
1130 9th St, Hermosa Beach CA. "Custom Home designed by Doug Leach and built by John Wisdom. Great Floorplan. Formal Living Room and Family Room and both with Fireplaces. Custom Designer Kitchen with Walk in Pantry/Butlers Pantry, Breakfast Bar and Eating Area with Center Island, Granite Counters, Wolf Double Oven, Wolf Cook top (6 Burner), Bosch Dishwasher. Beautiful Custom Hardwood Floors, Lots of Custom Built-ins with TONS of Storage, Pre Wired Audio Surround and Speakers Throughout (Speakers in Every Room Including Outdoor Space), Nice Sized Formal Dining Room, Rooftop Deck with OCEAN View, Backyard with Patio and Outdoor Fireplace."
Listed and sold for $1,950,000. Listing Broker NWRE. Selling agent Shorewood Realtors.

9th ST Hermosa Beach CA

I've skipped some other I like such as the townhouse at the Moorings and the single family home at 1050 1st St because I've written about those previously on

Saturday, March 1, 2014

Amazing Ocean View House for Sale in Downtown Hermosa Beach CA

Two Million, Two Hundred and Twenty Five Thousand Dollars. Yes, that's a tongue twister. $2,225,000. At least for me. Here's what I can tell you about this 4 bedroom, 3.5 bath SFR built in 2006.
"Location, location, location PLUS amazing unobstructed panoramic ocean views from Catalina to Malibu and almost as good as new. Located in the heart of Hermosa Beach, this amazing beach house is just steps from the Sand, Strand, Pier Plaza, jogging, fun, surfing, biking, volleyball, and all the restaurants. Light maple floors, 3 natural stone decks, granite & marble counter tops throughout, 2 fireplaces, home entertainment system wired for flat screen TVs, surround sound, lightening fast fiber optics, central vacuum, telephone intercom, and a tankless water heater. Gourmet kitchen w/top of the line stainless steel appliances. Kitchen opens to a great room built for entertaining w/high ceiling and an amazing ocean view plus rooftop deck. Master bedroom and bath w/ocean view, private deck, fireplace, walk in closet, oversize shower, and Jacuzzi tub. List price includes the home automation system, heaters on roof deck, sound system, washer dryer, all kitchen appliances and more. This is the house for the beach lifestyle you want. Views, views, and more views. Don't let the location fool you - the house is quiet and peaceful inside but once you step out you are in the heart of Downtown Hermosa Beach! This is the one you have been waiting for - don't miss out."
We're not planning any public open houses so if you want to see this one, contact me.

Sunday, February 23, 2014

What Will A Home in Redondo Beach CA Cost Me?

How much do homes sell for in Redondo Beach CA? Well that depends on whether you are thinking of buying in North or South Redondo Beach, what you are thinking of buying, how old the property is and in what condition and a variety of other factors. In general, consider $400K the entry point and $650,000-$850,000 the "sweet spot" with the greatest value and number of choices. While you can spend over $1M for a home in some Redondo Beach neighborhoods, for the most part there is a lot to choose from under $1 million. And if you go over $1M in Redondo Beach, you'll love what you can buy. (Mouse over any of the house icons above to view prices. Click to go to Socalistings.)

Therefore, most homes in Redondo Beach are less expensive than what you will find in Hermosa Beach and definitely more affordable than Manhattan Beach CA. Historically, Redondo Beach has been the least expensive of the Beach Cities. In the opinion of this writer, Redondo Beach offers some of the best coastal home values in LA County. In my Real Estate practice, I often work with buyers relocating either from the Westside or other parts of the country to Redondo Beach for the affordability, lifestyle, schools, and proximity to freeways, beaches, restaurants and other amenities.

Inventory of available housing for sale in Redondo Beach CA 90277-90278 has been low over the past 18 months and prices have increased, often substantially. Whether you are buying or selling Redondo Beach real estate it is imperative to work with a well connected local real estate agent who can best advise you as to the local market.

The least expensive homes in Redondo Beach are either relatively small condos or properties at the borders, ie Redondo Beach mailing address but in actuality Torrance (which isn't necessarily a bad thing either).

If you are looking to buy a small condo on a budget, you will most likely look at either Brookside Village or "The Village" in South Redondo Beach 90277. These are two entirely different complexes with "The Village" located just north of the Redondo Beach Pier at the ocean and Brookside Village further inland at the intersection of Prospect and Camino Real. Most of these units are flat "condo" style properties although both complexes do feature townhome style units as well.

These are great first time buyer properties and many have been retained as rental units after the owners move on to other homes. That not only makes these two complexes great affordable housing today, they are also great investment properties for the future.

Brookside Village (map right) is a massive sprawling complex with 385 units spread over 32 buildings. There are 2 tennis courts and 2 pools and the grounds have lush landscaping, fountains, and winding brooks, hence the name.

You can most likely find a 1 bedroom 1 bath unit, approximately 700 sq ft in the low to mid $300's. For a 2 bedroom units you are are more likely to pay over $400K. Add in HOA dues to that of about $400 month.

At "The Village" (pictured top) aka  "The Village Condominiums and Townhomes" you can also find one bedroom condos in the $400K range and you will most likely have some ocean view or at least an ocean peak. Two bedroom units have recently sold for mid $500's and new listings of remodeled units are closer to $600K.  Depending on which building you may be buying a condo in, HOA dues can be as high as $500 in some instances.

In North Redondo Beach 90278 you can still find 2 bedroom townhouse style condo units 900-1400 sq ft around $500K +/-.  If you move to the mid $5's there are some smaller 3 bedrooms available.  Many of these might back up to the power lines that run throughout MLS Area 151-152 or be on busier streets such as Grant or in the 2700 block and closer to Inglewood Ave. (Please note - there are also some 55+ age restricted building that may show up in lower price ranges.)

What you will almost certainly find is that many of the smaller units in North Redondo Beach are in larger complexes and they may have higher HOA dues (approximately $350 in some instances) than some of the larger and more expensive units we'll discuss below.At today's currently low interest rates, you can buy a lot more home for an extra $350 per month payment if you qualify.

One of the most common property types in North Redondo Beach is the 3 on a lot attached townhouse (pictured right). These are most commonly found on 7500 square foot (50*150) R-3 lots. There are probably about 1000 of these townhouses units throughout 90278 and the annual turnover is fairly high. While most of them are located in MLS Area 152 - VIllas South (of Artesia Blvd), you will find some in MLS Area 151 as well. North of Artesia Blvd they are located primarily east of Rindge Ave or on Mathews. (I have also seen a few of these in South Redondo Beach but there are far fewer.)

Three on a lot townhomes come in both 3 and 4 bedroom floorplans and can be anywhere from about 1500 sq ft up to slightly over 2000 sq ft for the newest 4 bedroom units. Expect to pay between $650-$750K for newer (post 1999) "A" or "C" units (front or rear) and slightly less for the middle or "B" units. The middle units tend to sell for a little bit less because they have 2 common walls and no yard.

Most of the newer projects have "exclusive use" front and rear yards. I have seen some older 3 on a lots where the rear yard is not designated as exclusive use. FYI, if you are buying a rear unit property please note that the "extra" parking space typically found near the rear unit is designated as a "guest" spot and is not meant for the exclusive use of the rear unit. Depending on the neighbors that rule may or may not be enforced.

Many of these 3 on a lots have "inactive" HOAs. That means that there are no formal meetings or monthly dues. What many homeowners do is simply split the bills as they come in (insurance, gardening, maintenance, etc.) If you are buying, my advice is to make sure that your lender understands and can accommodate this. Inactive HOAs are great as long as you have good neighbors and you do not need to make any major repairs (roof, common area). Some of the older units may not have water metered separately. Most will have individual trash cans but some will have the older "dumpster" style. Those are other considerations to take into account.

While some of these units were one off projects from builders who have long since come and gone, many were built by more known entities such as Casner and Powers (the two best in my opinion), Anastasi and Rich V.R. Some of the current active builders right now are being marketed by Merit Real Estate (Amir Amiri) and these are extremely well built with a very high grade finish work (pictured right).

What I am hearing from my builder associates is that there are very few R-3 lots left to develop. For my money, that makes most of these townhomes excellent investments because we probably will not be seeing many more new projects. As it currently stands, 3 on a lots are already some of the best deals in the Beach Cities.

I mentioned that 3 on a lot townhomes are available in 3 or 4 bedroom configurations. Probably over 90% of these units are "reverse flooplan" with the living room, dining, room, kitchen and master bedroom upstairs and 2 bedrooms downstairs. The 4 bedroom foorplan places a second bedroom upstairs and may or may not have a full second bathroom as well. There are a few "standard" floorplan 3 on a lot townhomes mostly found in MLS Area 152 and right around Perry Park. these were built by AGAR and have great upstairs space in the 'A" and "B" units but most buyers tend to find the downstairs somewhat cramped.

The other variation in 3 on a lot townhomes is whether the driveway is shared or there is direct access to the garage. The units on the East-West Streets have shared driveways (most common) while the North-South streets such as Felton, Phelan, Perkins, have direct access driveways. Two of these are pictured below (the Perkins Ln properties I sold).

We're just getting started in this series which will continue with further posts covering North vs South price comparisons and amenities, 2 on a lot attached and detached townhomes, the neighborhoods of  Golden Hills and Hollywood Riviera, and Single Family Homes for Sale.

 Related articles
Redondo Beach Real Estate Agent Ellis Posner Outsells the Competition!
Redondo Beach Home Sales 2013: Townhomes, Condos, and Houses
South Redondo Beach CA Townhouse with Ocean View
Homes for Sale in South Redondo Beach 90277
Redondo Beach Townhouse Guy Sells Another One
Are you selling a home in North Redondo Beach This Year?
Who are Shorewood Realtors Top Hermosa Beach Agents?

Tuesday, February 18, 2014

Homes for Sale North Redondo Beach CA


If it seems to you like there weren't very many new listings in North Redondo Beach this week and the market is slowing down for new listings from the blistering pace of last year, you are absolutely correct. Over the last month or so, I've been writing about how the inventory of new construction homes for sale in 90278 has been distorting the market as to available inventory and now we are seeing how the market looks without that artificial support.

There have only been 4 new listings the week of February 10th and 2 of those went into escrow virtually immediately: 1608 Herrin in the Golden Hills and 2706 Carnegie Lane Unit C. That leaves only 2502 Vanderbilt Lane and 1719 Goodman Ave as the only new listings. Its kind of a curious coincidence that all the activity was in the east end of MLS Area 152 and The Golden Hills (Area 154). Go figure.

So, right now we are sitting at available inventory of 54 homes for sale in North Redondo Beach, 64 in escrow (MLS status Pending or Backup), but only 33 homes sold so far this year (29 in January and 4 in February). View current active MLS listings on the search map below (updates in real time).

Hopefully this is the lull before the storm. While it is somewhat beneficial to see more balance in the market, ie inventory approaching 2 months on hand rather than just one, we are well behind last year's pace of 500 sales. If sellers do not believe that they can sell for the price they want, most will not list their homes unless they are "have to sell" (divorce, death, relocation, illness, job loss, foreclosure, etc.) In fact, of the 4 new sales, the listing on Carnegie is a probate sale so at least 25% of the new listings have fallen into this category.

If there is a silver lining in this for sellers, it is that 13 properties went into escrow over the past 5 days indicating that buyers are plentiful and there is still strong demand. Of the 13 new pendings, 8 of the homes were on the market for less than 30 days and 7 for less than 15 DOM. Please note, the prices you see below are the last list price in the MLS and not the contract price. We will not know the final sales price until the escrows close.

There were the two sales that closed the week of February the 10th. I think they both are a good indication of where the market is at right now.

The "sweet spot" for buyers is still between about $675-$875K. If you have a 3 bedroom home to sell for under $650K, you will get a ton of activity if it is priced right. Two bedrooms under $500K are also in high demand. Townhomes, particularly 4 bedroom 3 on a lots are in high demand as are 3 bedroom rear "C" units. Anything built after 2000 that is in good condition is also finding a market rather quickly. It also feels as if there is an insatiable demand for Golden Hills properties.

If you've been reading my Buyer's Frequently Asked Questions series, here's part 2 of the video version.


Follow me on Twitter @ellisposner for more Real Estate News, Trends, and Market Updates.

 Related articles
Manhattan Beach CA Homes for Sale: Teardowns and New Construction
Redondo Beach CA Homes for Sale: Search MLS Real Estate Listings 90278
Hollywood Riviera Homes for Sale
Selling a Home in Redondo Beach CA?
Only 24 Active MLS Listings in Hermosa Beach CA. We need more Homes for Sale at the Beach!
Redondo Beach New January MLS Listings
Redondo Beach Real Estate Agent Ellis Posner Outsells the Competition!
Redondo Beach Home Sales 2013: Townhomes, Condos, and Houses
Hermosa Beach CA Real Estate Agent Ellis Posner 2013 Home Sales
South Redondo Beach CA Townhouse with Ocean View
Homes for Sale in South Redondo Beach 90277
Redondo Beach Townhouse Guy Sells Another One
Redondo Beach Homes for Sale 90277
Who are Shorewood Realtors Top Hermosa Beach Agents?