What a year it was for the real estate market in Torrance CA. There were 1148 on MLS home sales and closed escrows during the year. 
The average “list” price was $1,032000 and the average “sold” price was an impressive $932,000. Those numbers are a bit deceiving as there were a few ultra expensive homes that sold during the year and they sold dramatically below the list price which skewed the numbers just a bit. Average price per foot was $636 and the average days on market was a brief 16 before going into pending status.
Top Sale of the Month in Torrance – 4222 Paseo De Las Tortugas in the Hollywood Riviera
The highest price home sale of the month in Torrance was a spacious single family residence in the Hollywood Riviera with a bonus studio
(supposedly built originally for a famous bank to rehearse and record). The home offered 4 bedrooms and 2 and 1/2 baths. It was spacious but definitely dated and needing a lot of work to make it a higher end property. The home was listed for $2,195,000 and closed escrow at $2,095,000.
View the MLS listing details below.
Property Info
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- 4 bedrooms
- 2.5 bathrooms
- 3,450 square feet
- Verty large 11,000+ foot lot
- Built in 1991
- Sold at $2,095,000
4222 Paseo De Las Tortugas, Torrance – Listed for $2,195,000 and sold at $2,095,000
Listing courtesy of Roger Hart -Forecast Realty Inc. 310-781-2000
Historic Clifford Reid House Hits the Market Once Again in the Hollywood Riviera
We’ve posted about this home in the past but the price at the time kept it from selling and now it’s back in a very unusual and rare “auction”. This historic house has now been relisted and looks incredible. The historic Clifford Reid house at 124 Via Monte Doro is a
truly remarkable home evoking the earliest days of this great neighborhood and it embodies the glamour of “Hollywood” at the time which was partially responsible for the name of the area itself. It was built in 1928 by Clifford Reid, the visionary developer of the Hollywood Rivera. After a trip to the Italian Riviera he felt that this area of the South Bay had a similar look and feel and he envisioned an area with the surrounding beauty of the riviera with the glitz and glamour of Hollywood.
The first house built was his personal residence and showpiece which is now known as the Clifford Reid house. The home sits on a 22,000 foot lot making for a spacious estate with incredible outdoor areas. Over the years it was lovingly restored and masterfully recreated combining old world craftsmanship with todays modern features. The home features 6 bedrooms, 7 bathrooomd and over 6,700 square feet of living space.
Contact us for more information on this incredible home
View all of the current homes for sale in the Hollywood Riviera
124 Via Monte Doro, Redondo Beach CA
Listing Courtesy of Edward Kaminsky – Strand Hill Christies International Real Estate
October Market Update – Hollywood Riviera Home Sales
In most months the highest priced home sale or sales are in the Hollywood Riviera neighborhood. While the area has a Redondo Beach 
mailing address it’s actually located in the city of Torrance.
View all of the homes that sold in Torrance in October
There were 8 on market property sales and the homes that sold had a median “asking” price of $1,447,000 with a median “sold” price of $1,500,000 indicating a very favorable market for sellers. The average price per foot was $729 and the homes averaged 24 days on the market.
View the current homes for sale in the Hollywood Riviera
October Home Sales and Sold Prices in the Hollywood Riviera
| Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
| TWNHS/A | 448 | Palos Verdes Blvd | $985,000 | $619.11 | 3/1,1,1,0 | 1591/A | 1978/ASR | 10/7/2020 |
| CONDO/A | 213 | Calle Mayor | $1,050,000 | $574.71 | 3/1,1,1,0 | 1827/A | 1978/ASR | 10/7/2020 |
| SFR/D | 329 | Avenida Atezada | $1,500,000 | $1,053.37 | 3/2,0,1,0 | 1424/T | 1952/ASR | 10/1/2020 |
| SFR/D | 136 | Via Los Miradores | $1,889,000 | $623.02 | 4/3,0,0,0 | 3032/A | 1998/ASR | 10/27/2020 |
| SFR/D | 503 | Camino De Encanto | $2,285,000 | $1,099.09 | 4/1,2,0,0 | 2079/A | 1955/ASR | 10/5/2020 |
| SFR/D | 121 | Via Alameda | $2,750,000 | $690.61 | 6/7,0,0,0 | 3982/A | 2008/ASR | 10/23/2020 |
| SFR/D | 24660 | Via Valmonte | $1,500,000 | $435.41 | 5/2,1,1,0 | 3445/A | 1971/ASR | 10/23/2020 |
Torrance Oceanfront Home at 529 Paseo De La Playa Sells for $5,650,000
While the homes in the Hollywood Riviera have a Redondo Beach mailing address they’re actually residing in the city of Torrance….which means Torrance has beachfront homes (and a beach….but that’s another topic)
One notable sale was the oceanfront home located at 529 Paseo De La Playa. This oceanfront “project” home just closed escrow at $5,650,000 and has all the makings of a real legacy type property. It’s likely to get a major overhaul but it’s a special property for sure.
View the current houses for sale in the Hollywood Riviera
The two story single family home was a very clean but still fairly original with popcorn ceiling, wood paneling and more. It had clearly been well maintained and had a great, and fairly rare flat yard overlooking the ocean and they had recently done a major project to shore up the hill and had created a trail to the beach which is no small task and approval from the California Coastal Commission can take years and years if approved at all.
Listing courtesy of Hal Licht & Howard Wood – Vista Sotheby’s International
Luxury Location in the Hollywood Riviera
Torrance is one of the more diverse cities in the South Bay when it comes to housing options. Some of the least expensive homes can be 
found in Torrance as well as some of the most expensive. The highest prices are almost always found along the beachfront street known as Paseo De La Playa. 425 Paseo De La Playa has a Redondo mailing address but is actually serviced by the city of Torrance. While it’s hard to imagine a home can be a bit of a project at $12,000,000 the eventual buyer is likely to spend a healthy amount truly making this one of the more spectacular homes in the South Bay.
425 Paseo De La Playa is one of those rare legacy type homes. Perched on the bluffs above Torrance Beach, the home offers incredible and unblockable ocean views. The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well. The gated entry and true estate feel make for endless possibilities.While this home is in need of some updating to truly make it a legacy home, the basics are all here.
Listing provided by John Tran and Martin Le of NextGen Team Realty
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