Although it took a while the oceanfront home in the Hollywood Riviera at 505 Paseo De La Playa closed escrow during May and ended up
selling for $5,175,000.
With a home like this you’re definitely paying for location as it’s a fairly original home but the location just can’t be beat. The last sale of something fairly similar was 529 Paseo De La Playa which was a 4 bed, 3 bath single family home with a bit under 3200 feet that sold at $5,650,000.
505 Paseo De La Playa offers the same specs with 4 bedrooms, 3 baths, and the same 3,179 square feet. The lot on 505 is a bit larger and extends all the way to the beach, but the home at 529 had done significant work to the bluff at a pretty significan expense.
Contact us for more information on this oceanfront home
As rare as these oceanfront home sales are, this is definitely not the only oceanfront home. Check out all of the oceanfront homes currently for sale on Paseo De La Playa in the Hollywood Riviera.
505 Paseo De La Playa – Sold At $5,175,000
Listing courtesy of Dan Mullin – RE/MAX Estate Properties
throughout Torrance during the first month of 2021. There were 78 property sales in Torrance during the month which was the lowest number of home sales since last May when only 50 homes closed escrow. The median “asking” price of the homes that sold in January 2021 was $804,500 with the median “sold” price at $817,500 indicating a very solid “seller’s” market and meaning that most homes sold well over the asking price. The median price per foot of the homes that sold was $567. See how January home prices compare with previous months on our