south bay
™
www.SouthBayDigs.com june 1, 2012
find your place.
GOOD VIBRATIONS Exquisite California Mediterranean Villa in Palos Verdes Estates
Check the details on p22
Offered by Raju Chhabria, Shorewood Realtors.
LET
FREEDMAN then call the
MOVERS
1026 1ST STREET • MANHATTAN BEACH • • • • • • • • •
Set Amongst Multi-Million Dollar Mansions at the Top of the Hill This is a Renovated Classic 1949 2 Story Beach Home in an A Location 3 Bedroom, 2 Bath with 2,100 Square Feet of Living Space (b.t.v.) Flexible Family Room Downstairs with Fireplace Great Backyard with Lush Artificial Turf 40 X 120 Lot UNBLOCKABLE Southwesterly OCEAN VIEWS to Palos Verdes and Catalina Island Robinson Elementary District Large Upper Level Ocean View Deck Enjoy It Now and Build Later – or Build Now!!
OPPORTUNITY PRICED AT $1,399,122
3108 VISTA, MANHATTAN BEACH • • • •
3 Bedrooms and 3.5 Baths Including an Opulent Master Suite 2000 Square Feet of Living Space Ocean Views to Malibu 2 Car Garage + an Additional Space
Drenched with natural light in every nook and corridor, this nearly new Single Family Home is located on a corner lot in the heart of the sand section. This Custom home offers excellent proximity to one of the best stretches of beach in Manhattan, in a quieter family friendly area near Grandview School. Yes there are ocean views towards Malibu from the upper living area of this quality built home, but these are not the primary focus of this contemporary beach retreat.
OPPORTUNITY PRICED AT $1,549,000
RING
THE MOTHER OF ALL TOWNHOMES
417 MARINE PLACE, MANHATTAN BEACH • • • • • • •
4 Bedrooms Plus Den with 3.5 Baths Downstairs Could be a Guest Quarters 2853 Square Feet of Living Space Oversized Corner Lot Just a Short Stroll to the Beach 3 Blocks from Grandview School 2-car Garage Plus a Guest space There is Even Some Ocean View
OFFERED AT $1,589,222
This elegant townhome, built in 2003, has classic contemporary lines and an extraordinary floor plan, including a spectacular wide open great room that’s way bigger than most of the townhomes you have seen in Manhattan Beach. It really feels like a home and is certainly large enough for a family that wants to live close to the Beach without being cramped.
RobertFreedman Twitter.com/LetFreedmanRing
310-291-7779
exceeding expectations
Dear Neighbors, BANK OF MANHATTAN’S mortgage management team understands what it takes for loan officers to be successful. We set high service standards, offer competitive pricing and provide alternative mortgage solutions in addition to the commoditized mortgages of the big banks. Local presence ensures our clients will have peace of mind in knowing their loan officers have personal relationships with the Bank’s underwriting, processing, and closing teams – ensuring a seamless mortgage experience.
Christian Salceda
SVP, Western Region 310.798.5501 | BankManhattan.com
Trust. Partnership. Security. Commitment.
310.798.5501 | BankManhattan.com South Bay • West Los Angeles • Woodland Hills • Orange County • San Diego BOM is an equal opportunity employer; for confidential consideration for employment please send your resume to CSalceda@BankManhattan.com
Christopher Almonte 310.798.5508
Beth Antilla 310.606.8045
David Curry 310.606.8028
Jim Darr 310.798.5518
Todd Fite 310.798.5512
Eric Formiller 310.321.1425
Karen Georgouses 310.798.5516
Ron Goodlin 310.798.5514
Nate Kuchera 310.798.5504
Ron Murray 949.612.7713
Bree Noble 310.321.1424
Josh Reikes 310.798.5509
Rick Ellis 310.798.5519
Rick Heard 310.606.8011
Malcolm Stevens 310.321.1423
Marcie Tatman 310.606.8035
30 Year Fixed, NO Points, 4.375% (4.394% APR), $1,500,0001 New Payment: Payments 1-360: $7506 30 Year Fixed, NO Points, 3.750% (3.818% APR), $417,0002 New Payment: Payments 1-360: $1,947 Payment examples do not include taxes and insurance; actual payment will be greater. Example #1 assumes a Purchase ONLY loan of $1,500,000 loan amount financed at the rate, APR, term noted above at maximum 80% loan-to-value, 34% DTI, with a 740 credit score and 1 year prepayment penalty will apply. Example #2 assumes a purchase or refinance loan of $417,000 loan amount financed at the rate, APR, term noted above at maximum 70% loan-to-value, 45% DTI, with a 720 credit score and no prepayment penalty. Nothing herein is or should be interpreted as a commitment to lend. All loans are subject to credit and property approval. Rate and Annual Percentage Rate (APR) stated above are as of 05/29/2012. The payments noted above are principal and interest payment. Terms may vary, conditions and restrictions apply. Actual rate for the loan is determined at time of rate lock based upon program and terms requested. Rates and terms are subject to change without notice. NMLS# 401422 Š2012 Bank of Manhattan, N.A.
LILY | LIANG Presents:
1696 Via Coronel, Palos Verdes Estates
This elegant 12,000 square foot home is set on 2 acres and features 6 bedrooms, 8 baths & 2 offices. Three star chef’s kitchen features all top of the line appliances and facilities. Dining room has custom lighting and table made of bleached maple with seating for 12+. Formal living room has imported Italian chandelier, sconces, and a beautiful fireplace made of imported French limestone. Huge master suite with sitting area, walk-in closet, fireplace, luxurious master bath with granite counters & flooring. This home boasts a wine cellar, game room, 2 family rooms, library, and a fantastic movie theater. This is the home you have been looking for!
A private estate formerly owned by a celebrity athlete offers resort style living at its best! This secluded 9,422 sq ft estate boasts panoramic Pacific Ocean views from almost every room. A total renovation was designed and completed by a famous local architect. 5 Bedrooms, 9 Baths, Library, Office, Family Room, Eat-in Gourmet Kitchen, Gym, Sauna, Wine/Cigar Cellar, and 2 separate Staff Quarters with Kitchen/Dining and Laundry Facilities. Landscaped lot also features a Pool/Spa, a desirable N/S Tennis Court, Outdoor Kitchen, and 9 Car Garage.
$6,999,000 - Available for lease at $19,000 a month
$6,988,000
LIS NEW TI NG !
Unusual Luxury Estate in Rolling Hills
65 Paseo De La Luz, Rancho Palos Verdes
Contemporary Masterpiece with View and Privacy
7,985 sq. ft., 5 Bedrooms, 6 Baths, Library, Private Studio next to Garage, Gourmet Kitchen with
Built in 2004, 5 bedrooms, 6 baths, over 6,000 sf on almost one acre lot. Enjoy panoramic views
Secondary Kitchen, Game Room, Semi-indoor Gym, 1/2 Basketball Court & Outdoor Entertaining area.
of ocean, modern design, open floor plan, infinity pool, elevator, and 3 fireplaces.
$4,195,000
$3,998,000
ES IN CR OW
!
Palos Verdes’ Finest Homes & Estates for over 29 years!
8 San Miguel, Rolling Hills Estates
Feel on top of the world! 5 bedrooms, 6 baths, over 7,000 sf on 1 acre grounds. Breathtaking panoramic views of ocean, Catalina Island, city coastlines, sunrise, and sunset.
One Level Home, 4,260 sq.ft. 4 Bedrooms plus Office, 7 Bathrooms, Huge Master Suite, Pool & Spa, 4-Car Garage.
$3,850,000
$2,799,000 RE PRI DU CE CE D!
2903 Vista del Mar, Rancho Palos Verdes
1271 Via Landeta, Palos Verdes Estates
20 Calle Viento, Rancho Palos Verdes
Over 6,800 sq ft, Pool/Spa, Quiet Street, and Panoramic Views.
Newly built in 2004, approx. 4,200 sq.ft., 25,000 sq.ft. lot, 3 Bedroom Suites, Guest House, Wonderful backyard with Outdoor BBQ, Fireplace, Bike Path, Tree House and Fountain.
One of the lowest price per square foot in Upper Lunada Bay. Motivated seller, great bone and floor plan, make this home over to be your dream home!
$2,399,000
LIS NEW TI NG !
$2,598,000
1216 Granvia Altamira, Palos Verdes Estates
Terranea
Private Beach in Rancho Palos Verdes
Wonderful True One Level Home, Over 4,000 sq.ft. of Living Space, 4 Bedrooms, Library, Pool/Spa, 3 Car Garage with a Circular Driveway right in the Heart of Monte Malaga!
The Exquisite Two-Bedroom + Den Residence Boasts about 2000 sq.ft. and Resonates with Classic California Design, Includes a Gracious Outdoor Patio with Fireplace.
Beautiful Ocean View Home with the only Private Beach Access in SoCal. 3 Bedroom, 3 Bath, 1 Level Home on 8,396 sf Lot. This Beach Bungalow makes the Perfect Hide Away or Second Home!
$2,150,000
Units $1,395,000-$2,395,000
$1,490,000
LILY | LIANG 310.373.3333 www.lilyliang.com | lily@lilyliang.com dre #00837794
JACK GILLESPIE ********* YO U R R E A L E S TAT E B R O K E R FOR 38 YEARS
2800 PALM AVENUE MANHATTAN BEACH • 5 bedrooms • Plus bonus room • Living Room • Short walk to Greenbelt
• 4 bathrooms
• Large private patio • Dining Room
• Light and bright!
• Gourmet Kitchen
• Private downstairs guest quarters • Fabulous Tree Section location!!
$2,049,000
• Finished basement
EXPERIENCE IS EVERYTHING ********* K N OW L E D G E , P R O F E S S I O N A L I S M , U N D E R S TA N D I N G , AC C O U N TA B I L I T Y, A N D C R E AT I V I T Y
645 31ST STREET MANHATTAN BEACH This Montecito Hacienda Style home is as exquisite as it is serene. It sits on an over sized lot in the Tree Section of Manhattan Beach. The expansive floor plan features four large bedrooms and four bathrooms. It also boasts two dining areas, a large living room, family room, gourmet kitchen, art loft, and office, as well as a meditation garden and a large patio yard complete with pond. A highlight is the master bedroom retreat which features a reading area that opens to the beautifully landscaped meditation garden as well as a master bath including a soaking tub and separate shower. As you enter this home the charm that surrounds you is undeniable, from the gorgeous dark wood beamed ceilings to the rounded doorways entrances into each room you will feel the urge to take a seat and stay a while in this warm and welcoming home.
$2,475,000
(310) 802-4344 JACK.GILLESPIE@SOUTHBAYBROKERS.COM DRE # 00426498
dream } home
dream home /drēm hōm/ noun a strongly desired home or property that fully satisfies a wish
}
It’s your time… Market conditions are favorable. It’s a great time to make your move.
Here is your plan... Whether you’re considering buying or selling a home, call on the Realtor to help you navigate the market to your advantage and make new home dreams your reality.
ANTICIPATE. ACQUIRE. APPRECIATE. BY APPOINTMENT ONLY
Scan the code for an e-flyer of this property
12 MARTINGALE DRIVE RANCHO PALOS VERDES Over ½ Acre Property with Unobstructed Pastoral Views 3 Bedroom 2 Bath Home, Pool, Barn, and more! Affordable Serenity Exceptionally Priced at
$828,000
TRICIA RAPAPORT THE
REALTOR
TRAPAPORT@REMAXPV.COM
310-378-1163 WWW.THEGoToRE.COM DRE # 01339473
STRAND LIVING IN SOUTH MANHATTAN
108 THE STRAND MANHATTAN BEACH
This SFR offers luxury ocean front living in a casual beach lifestyle. This 2007 Remodeled home includes: R Beautiful Brazilian cherry hardwood floors throughout R 400 sqft (BTV) deck featuring panoramic views from Catalina to Malibu R 4 beds, 5.5 baths, plus a living area on three separate levels R Parking is not an issue as there are 3 side by side by side garage spaces R Top floor living includes the master bedroom with large walk in closet and custom romantic master bath with Jacuzzi tub. Plus large living area with a custom wet-bar including: refrigerator, sink, microwave, granite counters, and custom cabinetry
Offered at $7,799,000 www.JohnAltamura.com
THIS IS THE BEST VALUE IN MANHATTAN $80,000 Price Reduction!
320 31ST ST, MANHATTAN BEACH Offered at $1,299,000 **3rd floor addition can be 10’6” above 2nd floor ridge line** Amenities include: R R R R R
3 bedrooms, 2.5 baths, 1580 sq ft (BTV) of living space, 4 car on-site parking Upstairs deck with white water ocean views Custom master bedroom and bathroom with handmade glass tile including a double bathroom vanity with modern sinks Sleek Masonry fireplace with mantle and travertine stone 310 546 Bamboo flooring - main living area, kitchen, & master bedroom
7611
In the Top 1% of ALL Realtors in America in Residential Sales for the Past 20 Years
310.309.7595
310.291.5603
310.503.9293
ALTAMURA1213@GMAIL.COM
ALTAMURA1@GMAIL.COM
ALTAMURA1@GMAIL.COM
Vincenzo
John
Giovanni
FEATURED LISTINGS! COMING IN JUNE
SEE MORE LISTINGS AT
SOLD!
418 S. LUCIA AVE., REDONDO BEACH
22432 WARMSIDE AVENUE, TORRANCE
5 Bed | 4 Bath | 3,616 sq. ft. living | 6,343 sq. ft. lot with a yard
2 Bed | 1 Bath | 868 sq. ft. | Huge 6,500 sq. ft. lot w/ Ocean Views!
OFFERED AT $1,299,000
OFFERED AT $589,000
COMING SOON
IN ESCROW
NORTH REDONDO - CALL FOR ADDRESS
709 N. JUANITA # 5, REDONDO BEACH.
4 Beds / 3 Baths / 3,200sf / Huge 7,500sf Lot / 2003 Construction
3 Bed | 2 Bath | 1,434 sq. ft. | Low HOA’s
OFFERED AT $1,299,000
OFFERED AT $579,000
LUXURY LEASE
SOLD AS AN OFF MARKET LISTING
651 S. IRENA, REDONDO BEACH
UNDISCLOSED MANHATTAN BEACH TREE SECTION
4 Beds / 5 Baths / 5,500sf / Ocean Views / Play Areas
5 Bed | 4 Bath | Built in 2003 | Over 3,600 sq. ft.
FURNISHED LEASE $8,950/MONTH, AVAILABLE LATE JUNE
OFFERED AT $2,200,000
Tony Accardo Email: Tony@BeachCityTony.com • Direct: 310-855-3557 • Facebook.com/BeachCityTony.Page All information from reliable sources but not guaranteed. Buyer and Buyer’s Agent to verify.
RE# 01863340
BEACH CITY REAL ESTATE ANALYTICS: 5/1/12 - 5/14/12 10
REGION
2011 PPF
PPF
1
RANCHO PALOS VERDES - EAST
$423
$386
3
37
2
RANCHO PALOS VERDES - WEST
$441
$421
14
145
3
ROLLING HILLS
$660
$541
1
22
4
ROLLING HILLS ESTATES
$428
$431
3
30
5
PALOS VERDES ESTATES
$533
$554
5
83
6
SOUTH REDONDO BEACH
$431
$445
14
119
7
NORTH REDONDO BEACH
$347
$334
17
140
8
HERMOSA BEACH
$582
$547
6
82
9
EAST MANHATTAN BEACH
$474
$475
7
45
10
MANHATTAN BEACH
$714
$794
15
117
9
7
SOLD HOMES SUPPLY
8
6
Reporting source from the MLS database for Single Family Homes and Townhome units (not including condominium or other property types). “PPF” Price Per Foot. “Supply” includes pending sales. ‘South Redondo Beach’ includes the Hollywood Riviera.”
5 4
TONY’S BLOG “Last year at this very same date snapshot we had 129 new listings entered into the MLS system compared to this year at just 100. This is yet another significant indication of a rather robust summer for South Bay property values as the demand rapidly increases in the summer
2
3
months. And in the effort to find properties for those Buyers I am working with, we’ve again decided to publish out top ten list of ‘Wanted’ properties below due to it’s success from last publication. Even the Opportunistic Sellers in this marketplace are becoming 1
pleasantly surprised...”
(Visit Tony’s web site regularly to see more blogs and videos)
WANTED HOT SHEET MAX PRICE
AREAS
BEDROOMS
SPECIAL REQUESTS
$7,000,000 $5,000,000 $3,000,000 $3,000,000 $2,300,000 $2,000,000 $1,600,000 $1,600,000 $1,300,000 $1,300,000 $1,000,000
Rolling Hills Rolling Hills Rolling Hills Hermosa/Redondo Beach Rolling Hills PVE, Redondo Beach Manhattan East/Trees Manhattan Sand Rolling Hills Estates South Redondo Beach South Redondo Beach
5 or more 5 or more Land Only Income Property 3 or more 3 or more 4 or more 3 or more 3 or more 4 or more Land Only
Horse Property, Pool Workshop/Barn, Pool View Turn Key Preferred Fixers welcomed Ocean View Updated Preferred Updated Preferred Fixers welcomed Updated Preferred View Preferred
“Buyers represented by Tony Accardo are financially pre-approved. Please contact us directly (or ask your Real Estate professional to contact us) for a confidential conversation about connecting these families with your property”
BEACH CITY TONY
Stephen Haw 310.377.7539 Skh8828@gmail.com DRE# 0808646
Kim Hall
Serving the South Bay
310.721.7526
KimHallHomes@gmail.com H D ER RE E AM IS Y HO OU US R E
DRE# 01864819
VIA FERNANDEZ PALOS VERDES ESTATES 6 Bedrooms, 6 ½ Bathrooms, 6,528 sq ft, 18,926 sq ft Lot, Plus Office With Floor To Ceiling Wood Panel, Mediterranean Architecture, Top-Of-The Line Finishes Host A Elegant Dinner or Have A Kids Team Party, Panoramic Ocean Views From The Top Floor, Sauna, Sports Court, Swimming Pool, Jacuzzi
Cristina Go
Short Sale Specialist
310.971.0404
gocristinago@gmail.com DRE# 01737083
$3,880,000
Lauren Yoon 한국어 상담 310.619.4989
laurenyoon17@gmail.com SH SA OR LE T
ST Q UN VI NEC UEE NIN EW K N G L ’ ES AC S TA E TE
DRE# 01305706
Natsuko Fujii 藤井奈都子 310.941.2468
nfujii10@gmail.com DRE# 01893259
VIA SOMONTE
E. CREST ROAD
PALOS VERDES ESTATES
ROLLING HILLS
310.720.4852
4 Bedrooms, 4 ½ Bathrooms, 5,629 sq ft, 14,336 sq ft Queen’s Necklace View, Custom Built in 2007 Top of the Line Finishes, No Expense Spared Den/Music Room/Possible 5h Bedroom Theater/Game Room/Gym, Elevator
5 Bedrooms, 3 Bathrooms, 3,000 sq ft Home, 33,500 sq ft Lot 24 Hour Guard Gated City, Peek-A-Boo Ocean View Open Floor Plan, Kitchen with Stainless Steel Appliances Best Value in Rolling Hills So Much Potential In This Property
DRE# 01423992
$3,750,000
$1,495,000
Alicia Sialana
Real Estate Specialist aliciasialana@gmail.com
DEAL WITH THE DECISION MAKER 1 2 3 0 R O S E C R A N S AV E N U E , S U I T E 4 0 2 , M A N H A T T A N B E A C H , C A 9 0 2 6 6
MEDITERRANEAN ESTATE LOCATED IN RPV
EXCEPTIONAL MEDITERRANEAN VILLA
Enjoy entertaining in the warm ambiance of this Mediterranean estate located in Rancho
Situated on one of the most desirable expansive front row locations on the bluff at
Palos Verdes. Surrounded by lush foliage, the setting is beautiful and the twinkling lights
Oceanfront Estates. The floor plan is grand, open, and flowing with full ocean and Catalina
view divine! The construction and attention to detail goes way beyond with fabulous
views from every room. The estate features 6 bedrooms including office and a luxury
finishes. This residence has taken over two years to complete and awaits the most
master suite that has a yummy bath with his and hers vanities and large shower plus spa
discriminating Buyer who will identify with this significant property. The home features
tub and large fully tricked out closet, 8 baths, 2 conservatories, music room, library, sitting
a gourmet grand scale kitchen, library, home theater, gym, wine cellar, game room with
areas, sauna, entertainment room with huge built-in bar and wine cellar plus entertainment
built-in bar, custom elevator, sound system, 14 camera security monitor, video doorbell,
center, gourmet center island kitchen that has granite counters, top of the line appliances,
master with double sided fireplace and large sitting room area, salt water pool and spa with
butler pantry and walk-in pantry and opens to a breakfast area and family room, pool and
spray fountains, outdoor kitchen with granite counter tops plus cabana with fireplace, hand
infinity spa plus outdoor entertaining area, fire pit and spacious lawn.
scraped walnut floors, custom made wrought iron light fixtures, tray ceilings, and a total of
gorgeous hardwood floors, flagstone floors, elevator, Elan Z electronics, office with built-in
5 bedrooms plus office plus a four car garage – a total of approximately 11,000 square feet
cherry wood furnishings, elegant wall and window treatments, crown moldings, central vac
of living space. For more information, go to www.28951PVDEast.com
system, and 3 fireplaces. www.65ViaDelCielo.com
ASKING $3,999,000
ASKING $5,295,000
Additionally it has
YOUR DREAMS. MY EXPERIENCE. As a leading real estate professional in the South Bay for the last 20 years, I thoroughly understand what it takes to protect & serve your most valuable asset, to deliver the maximum value in the shortest time frame, all with the personal concierge touch you expect.
A Trusted Advisor. Close at Hand. “Preparation, turn-key real estate advice, and the personal touch you expect.”
GAYLEPROBST 310.265.7308 gayle.probst@gmail.com www.pvrealestate.com
PRICELESS VIEWS FROM THIS PAT KILLEN DESIGNED WORK OF ART IN HERMOSA BEACH 3 BEDROOMS, 3.5 BATHROOMS CUSTOM BUILT IN 2007 Enjoy Sit Down PANORAMIC OCEAN VIEWS from this Detached Pat Killen Designed Home in the Heart of Hermosa Beach. Walk to Everything the South Bay has to Offer with the Beautiful Beaches/Parks, Award Winning Schools and Fine Dining/ Coffee Shops that are Just a Few Blocks Away. Features of this Home are a Spa Like Master Bath Equipped with a Steam Shower and Jacuzzi-Tub that make You Feel Like You’re On Vacation Everyday, An Ocean View Gourmet Kitchen with All The Bells And Whistles, An Outdoor Fireplace to Set Any Mood, A Wonderful Water Feature, iPod Docks Throughout the Home with Surround Sound, Air Conditioning And FOREVER OCEAN VIEWS. This Popular Style Home has The Sophistication Of The Island Modern Style, yet is Equally Functional with its Ideal Floorplan and Custom Design. This is not your typical Hermosa Beach Home. . . come experience it for yourself!
$1,599,000
LeGrande Beach Homes Premium Real Estate Listings in the South Bay
www.LeeLeGrande.com
Lee LeGrande 310.930.8737 direct 310.356.3266 efax DRE# 01316971
CONTENT S
page 22
muse
the south bay market heats up page 28
DIG THIS solo bench page 52
LOoking back
the many voyages of the s.s. catalina page 62
LOCAL NUGGETS gina lee’s bistro page 68
MARKET TRENDS
quick review of market activity
page 77
ON THE COVER Exquisite California Mediterranean Villa in Palos Verdes Estates
18
SouthBayDigs.com | 6.01.2012
photograph by paul jonason
photograph by paul jonason
THE MARKET is Yours! Make your Move Now or Miss Out! CITY VIEWS
COMING SOON
4th Court - West of Hermosa Ave.
1610 Speyer, Redondo Beach
3 Bed | 3 Bath | 3 properties from the sand Over sized roof top deck w/panoramic ocean views
3 Bed | 4 Bath | Single Family Built in 2007 | Over 2600 sq. ft. Roof Top Deck with City Views | Right next to Hermosa Beach
Coming soon-$1,374,000
$1,074,900
PRICE ADJUSTED
IN ESCROW
JUST SOLD!
1729 haynes, redondo Beach
1428 Hermosa Ave., Hermosa Beach
448 11th St., hermosa beach
4 Bedrooms | 3 Baths | Golden Hills & Jefferson School Find out how you can achieve the same success
3/3 Bath Townhome | Built-in Income Potential Perfect Beach Home | In the Heart of Downtown
Sold OFF-Market Find out how you can achieve the same success
Sold in less than 30 days
$899,900
$950,000
Passion | Energy | Commitment | Urgency | Work Ethic | RESULT
THINK OUTSIDE THE BOX
xox xox oxo
DARREN PUJALET 2011 LEADER IN HERMOSA CLOSED TRANSACTIONS WHY?....I SIMPLY WORK MY TAIL OFF!
o
(310) 613-1690 www.DarrenPujalet.com D.R.E. #01845166
south bay
™
south bay history tidbits MASTHEAD
Publisher Warren J Dow
Creative Director Amanda Nelson-Sinagra
marketing Director Deanna Whipp
Digital Media Specialist Kieron McKay
torrance By Maureen Megowan / RE/Max Palos Verdes Execs Torrance was founded on May 31, 1911 by Jared Sidney Torrance and Associates by the purchase of 2,791 acres of land from the Dominguez Estate Company for $976,850. Susana Dominguez del Amo sold an additional 730 acres to Torrance for $350 per acre. This land was originally a small part of the Spanish land grant called Rancho San Pedro, given
Contributing Photographer Paul Jonason
to Juan Jose Dominguez in 1784. At its inception, this planned industrial town provided housing for 500 people. In March 1912, Torrance had originally proposed that the new development be named
Contributing Writers Pamela Corante-Hansen Quinn Roberts Denise Kano
“Dominquez”. The post office would not allow the use of this name since there was already a post office with that name. On March 12, 1912, at a meeting of the board of directors of The Dominquez Land Company, of which Jared Torrance was President, this issue was discussed, with many variants of the name “Dominquez” discussed. Other names considered included “Southport” ,””Coronel,” “Obrador,” “Don Manuel” and “Industrial”. Finally, over the objections of Jared Torrance, the board approved a resolution naming the
DIGITAL MEDIA
new development “Torrance”. Frederick Law Olmstead, Jr., of Boston, the foremost landscape architect of the country at the time, who provided the landscape planning for the Palos Verdes Project, laid out the new industrial community of Torrance. On the broad empty cornfield he placed the industrial sites in the lee of the town, away from the prevailing westerly breeze, chose a knoll for the civic center, designated the sites of the city hall, library, auditorium and other public buildings, backed his civic center with a thirty-acre park and, fixing his eyes firmly upon the white peak of Mt. San Antonio at the horizon, laid out a broad boulevard straight through the business center toward the snowy crest. In addition, he gave the individual home site a minimum width of forty feet, and a depth of a hundred and forty feet, which was much larger than most home sites on the east coast. The Pacific Electric Railway depot in Torrance at 1250 Cabrillo Avenue was completed in 1912 to serve Red Car passengers on this Torrance spur from the Gardena line. The Depot is now a popular restaurant.
www.SouthBayDigs.com
The discovery of oil brought the initial development of Torrance. At the time the city was incorporated in May 1921, it had 3.82 sq. miles, and had a population of about 1,800 residents. The first oil well was dug in December 1921, and it was a gusher. The discovery of oil increased the population to 2,750 in 1922. Soon, there were oil derricks throughout the city. From 1926 to 1931, 5 annexations of land took place increasing Torrance to 18.88 square miles. Today, Torrance consists of 21 sq. miles.
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By the early 1950’s, there were 615 oil wells. In the late 1950’s, however, oil production decreased significantly. Finally, an edict was passed by the city requiring the removal of all wooden oil derricks by July 1, 1961. The final tower came down in 1963. Torrance has now
South Bay Digs Magazine is published every other Friday by m3 Media, LLC. Reproduction in any form or by any means is strictly prohibited without the prior written consent from m3 Media LLC. The Publisher and advertisers are not responsible or liable for misinformation, misprints, or typographical errors. All advertised properties are subject to prior sale or withdrawal without notice. Real estate advertised in this publication is subject to the Federal Fair Housing Act. M3 Media will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. Any and all submissions to this publication become the property of m3 Media, LLC and may be used in any media. To Our Readers: South Bay Digs Magazine welcomes your feedback and encourages reader response to our editorial features. Please send your letters to the Publisher at 2554 Via Tejon, Palos Verdes Estates, CA 90274 or via email to wdow@southbaydigs.com. Please include your name and contact information. Letters may be published and we reserve the right to edit. Advertising: For inquiries, please contact Publisher Warren Dow at 310-373-0142. Subscriptions: Subscriptions are $26 per year. Subscribe by email: contact@southbaydigs.com Creative services & ad design/original artwork provided exclusively by South Bay Digs.
become one of the largest cities in Los Angeles County today.
aerial View of Early Torrance
South Bay Digs, 2554 Via Tejon, Palos Verdes Estates, CA 90274 Office: 310-373-0142 • Fax: 310-373-3493
© 2012 m3 Media, LLC. All rights reserved.
For more local history, see www.southbayhistory.com 20
SouthBayDigs.com | 6.01.2012
1537 VIA ZURITA, PALOS VERDES ESTATES
10 CRESTWIND DR., RANCHO PALOS VERDES
Enjoy sunsets from this beautiful Ocean & Mountain View Monte Malaga Estate. This 5,451 sq ft has 6 bedrooms w/walk in closets, & 5 1/2 baths. From the Entry, step into the Living & Dining rooms & Family room, which leads to the Breakfast room & Gourmet Kitchen w/granite counters, center island, & butler’s pantry. A Powder bath, Office/Den, Guest bedroom/bath & 3 car attached garage complete the main floor. Go up the spiral staircase to the Ocean View Master suite & office, master bath/walk in closet, 4 more bedrooms, walk in closets & 3 baths, & laundry room. Travertine floors, Custom carpet & wood floors throughout. Outdoors is a sparkling pool & jacuzzi, landscaped yard w/ built In BBQ and Sink.
Located in the scenic community of Del Cerro, on top of the Palos Verdes Peninsula, this one level 3,513 SF home has 4 bedrooms and 4 baths on an approx. 1/2 Acre lot with a Circular drive and 3 Car Garage. It has been extensively upgraded, including gorgeous Hardwood Floors. The Dining room, with a fireplace, is off the Entry. The Beautiful Kitchen / Pantry features a full size Wine Refrigerator. The Kitchen, Casual Dining Area, Den and Huge Family room overlook the Expansive Backyard with Pool & Spa. The spacious Master Suite has a Custom Light filled Master Bath and His & Her closets. Del Cerro is a family friendly neighborhood close to schools, shopping, nature walks, and is commuter friendly.
FOR LEASE at $10,000/month
Offered at $1,495,000
For virtual tour, go to: www.PalosVerdesLiving.com
Maureen Megowan 310.541.6416
Take a seat. I’ll do the rest.
MaureenMegowan.com (QSC, PV Specialist, SRES, SDPE)
Web blog: mmegowan.activerain.com
PUBLISHER’S MUSE
Where there’s smoke, the market may catch fire.
ON THE COVER 705 VIA DEL MONTE, PALOS VERDES ESTATES • • • • • • • • • • • • • • • • • • •
Breathtaking views of the Queen’s Necklace Ocean, white water, & downtown LA views by day & city lights by night Californian Mediterranean Style Home Easy flowing “U” shape floorplan centers around the outdoor patio 9 sets of French doors lead to the private patio space 4,070 square feet of living space on an 11,416 SF lot 4 BD & 3 BA & 2 half baths plus an office Boasts an abundance of natural light throughout Grand hallway leads to formal living room & family room Limestone fireplace perfect for cozy evenings Large chef’s kitchen was completely remodeled in late 2010 Kitchen equipped with top of the line appliances, custom cabinetry, new lighting, flooring & a fireplace! Formal dining room with built in cabinetry On the upper level is the master suite w/large en suite & dressing room 2 additional bedrooms on the upper level Ground level guest bedroom with bath Large patio with a water feature is the perfect setting for entertaining Wonderful outdoor dining spaces 3-car garage; large driveway; wine cellar; gym room; pool/spa
$2,595,000 Broker’s Open. Tuesday June 5th 11-1pm
“How’s the market?...” The most oft asked question in real estate; the answer depends on whom you ask. What I can tell you from my vantage point is that the general sentiment among Realtors in the South Bay is that the market is starting to heat up. Local realtors are feeling more upbeat about market conditions lately despite a lack of inventory across the beach cities. For additional market insights, check out our Market Trends section starting on page 68.
“When you make a mistake, don’t look back at it long. Take the reason of the thing into your mind and then look forward. Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power.” - Hugh White (1773 - 1840)
This issue’s FRONT COVER HOME is a dramatic “U” shaped California Mediterranean Style Villa in Palos Verdes Estates with breathtaking views of the Queen’s Necklace and downtown LA situated on an 11,416 SF lot. Offered by Raju Chhabria of Shorewood Realtors. Check out the details starting on page 22. Don’t miss this issue’s HOME OF THE WEEK on page 84 in our back cover gloss section – a stunning beach villa with white water views from Palos Verdes/Catalina to Malibu in Playa Del Rey. This custom home has 5 bedrooms, 4 bathrooms in over 2900 sq ft with too many luxurious details to list. Offered by Tyler & Alex Wolf, The Wolf & Wolf Team of Shorewood Realtors. Catalina Island is just 26 miles from our coastline and a very popular summer get away destination. Learn how Catalina tourism got its start in the 1920’s with the S.S. Catalina “The Great White Steamer,” in our LOOKING BACK article on page 52. Tucked away in the unassuming Rivera Plaza along Palos Verdes Blvd. in Redondo Beach is a neighborhood bistro worthy of a visit. Gina Lee’s Bistro is our Local NUGGET this issue on page 62. Finally, don’t miss this issue’s DIG THIS – “Solo Bench: Not your average Bench,” starting on page 28.
Hope you enjoy! Warren J Dow Publisher wdow@southbaydigs.com
310-373-0142
NO ONE KNOWS REDONDO LIKE
palos verdes office 310.698.4545 manhattan beach office 310.379.2167 www. RajuSells .com 22
SouthBayDigs.com | 6.01.2012
CARL and arda Expert Guidance Since 1991 Your Neighborhood Valuation Experts. Get to know Redondo Beach like Carl and Arda do. Call 310.543.4788
Carl & Arda Clark www.CarlandArda.com Info@CarlandArda.com DRE: 01181754; 01097490
429 2ND STREET, HERMOSA BEACH New Listing!
Open House: Sunday, June 3, 1-4pm and Sunday June 10, 1-4pm.
$799,000
Make this 4 Bedroom, 2100s.f. Sand Section home yours, for under $800,000 (lowest $/sf in the Sand Section).” This property includes 3 bright and spacious living areas with gorgeous hardwood flooring, updated dual pane windows, tall ceilings with skylights, and a newly constructed wood deck overlooking the pool & jacuzzi area. Live just steps to the beach and greenbelt, and walk or bicycle to the shops and restaurants of Downtown Hermosa Beach. 429 2nd Street is your ticket to the beach lifestyle you dream of. Sellers are reviewing offers immediately. Stop by the Open House or call to schedule a private showing today.
373 PALOS VERDES DR. W, PVE 4 Bedrooms, 3 Bathrooms
$2,385,000 www.373pvdrive.com
Luxury, Charm, Views, Location, History... This stunningly remodeled vintage property has that rare combination of all the best, making it one of the absolute jewels of Malaga Cove. All three levels offer breathtaking ocean and city views spanning across Pt. Mugu, Malibu, the Queen’s Necklace and beyond. The house is situated so that the views offer an exceptional sense of privacy and exclusivity: nearly no other homes or streets are in view - only the tranquil Malaga Cove landscape. Step inside to find luxury and comfort in an open layout that is both warm and inviting. Multiple indoor and outdoor living spaces make the house an Entertainer’s Dream, with 3 fireplaces, hard wood flooring throughout, and tall wood beamed ceilings. Perched on the uppermost level is the Master Suite, with french doors opening to a wide ocean view balcony. The bright Master Bath includes skylights, dual sinks and a walk-in closet. In the gourmet Chef’s Kitchen, find top of the line appliances, including a built in wine cooler, warming drawers, and Sub-Zero refrigerator. Step outside to enter the “Secret Garden”, a place of serenity in a private and inspiring setting.
SHAWN DUGAN (310) 265-3428 manonthestrand@gmail.com www.manonthestrand.com Your Real Estate eBroker LICENSE # 01749343
APPROVED BUILDING PLANS FOR LUXURY ESTATE IN ROLLING HILLS (9.14 Acres Lot) 3 Appaloosa Lane, Rolling Hills, CA 90274 Once in a lifetime land development opportunity in Rolling Hills. Pre-construction offering of 9.14 acres of exclusive equestrian paradise with panoramic views from gentle hills to the glittering cityscape of Los Angeles. Planning Approval, Site Plans, Grading Plans, Landscape Plans, Geological Reports, and other approved documents to begin immediate construction on this dream estate. This property is ready to be graded and start construction with approved plans for 15,413 sq. ft. of living area with additional 2,050 sq. ft. of custom garages. This ranch-style estate was designed by a world-renown, luxury design firm that specializes in custom estates for high profile clients. The site plans include the design of 6 bedrooms, 9 bathrooms, an office, home theater, 2 swimming pools (inside and outside access), bowling alley, poker/cigar room, state of the art gym, salon and tanning room, karaoke/entertainment lounge, wine cellar, and more.
Offered at: $4,500,000 www.AppaloosaRollingHills.com DRE 01804002
Jason O’Donnell (760) 799-9407 - Direct jasonjodonnell@yahoo.com
Call Jason O’Donnell for private showing of the property and development plan.
6303 Alto Circle RANCHO PALOS VERDES
A Private Oasis! •
Discover the beauty just beyond the front doors of this amazing home located on a peaceful cul-de-sac street, with Catalina views from the backyard deck
•
4 generously proportioned bedrooms, plus a bonus room, 3 bathrooms and a bright, open floor plan grace this 2830 sq. ft. home, situated on a huge and flat 13,338 sq. ft. lot
•
The gourmet kitchen is a chef’s dream with lovely marble counters, a 6 burner Viking oven range and warming shelf, Bosch dishwasher and tons of cabinet space
•
Numerous large, dual paned picture windows create a bright and airy interior drenched in natural sunlight
•
The large and lushly landscaped backyard features a soothing fountain, fire pit, pebble bottomed, solar heated pool and spa, and viewing deck to enjoy Catalina and the Pacific Ocean
•
Centrally located to the Palos Verdes Peninsula’s many award winning schools
•
This is the ideal home for everyday living and entertaining
Offered at $1,245,000
GEORGE ROSENKRANZ Licensed Broker, JD
(310) 717-8767 George@southbaybrokers.com www.ASouthBayHome4U.com DRE# 01411097
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SouthBayDigs.com | 6.01.2012
CLASSIC BEACH PROPERTIES
SPECTACULAR CUSTOM TRANSITIONAL MASTERPIECE MANHATTAN BEACH WALKSTREET Fabulous Master + 4 Bedrooms, 5 Bathrooms Plus Powder, 4000 Square Feet of Luxury, Three Stop Custom Elevator, Three Zone Air Conditioning, Chilled 1000 Bottle Wine Cellar, 4 Car Gargage Plus One Space, Mahogany Hardwood Floors, Wolfe, Sub Zero, Fisher Paykel, Huge Balcony off Top Floor, Gorgeous Master Bathroom, Spacious Walkstreet Courtyard
LIST PRICE $5,850,000
LET US ANALYZE YOUR REAL ESTATE
PORTFOLIO AT NO COST OR OBLIGATION!
BOBSALIM BOB SALIM
Cell 310.800.0003 Bob@ClassicBeachProperties.com www.ClassicBeachProperties.com DRE:01003759
FANTASTIC OPPORTUNITY! IN HERMOSA BEACH – STEPS TO SAND!
164 Hermosa Avenue
Beautiful, Completely Renovated 2 Bedroom 2 1/2 Bath. Townhouse with Private 2 Car Garage Offered for $749,000
Call Amy at (310) 245-0564 License #: 01274185
Want to attract more offers on your home or listing? Pre-Sale Preparation Means Visually Marketing Your Home for the Best Results MARY BETH STRAIT Offers customized strategy plans to create emotionally appealing homes that buyers L VE to make offers on.
TERRI DUNN
SPECIALIZING IN OWNER OCCUPIED HOMES.
BEACH CITIES | RESIDENTIAL | INCOME
OVER 500 HOMES SUCCESSFULLY STAGED AND SOLD SINCE 2003. South Bay based author of Home Staging Made Easy, Mary Beth Strait will empower you to Sell Faster, for More Money and Less Stress.
As Featured on HGTV
Scan the Code to get the book!
Selling Your Home Should Not be Overwhelming! call e-mail:
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to schedule your hands-on staging consultation today.
26
SouthBayDigs.com | 6.01.2012
Real Estate Consultant 310.710.9770 www.terridunn.com
terri@terridunn.com RE License # 01097063
1243 CORONA STREET hermosa
beach
Luxury is more than a lifestyle. It’s an experience. OPEN HOUSE SAT & SUN 1 TO 4 PM
$1,199,000 1243CORONA.COM
JOHN CAPELLARO Cell: 310-463-4100 Cap@PrimeBeachRealty.com PrimeBeachRealty.com DRE# 01842507
dig this
“
“
The concept behind the bench is important. There is nothing out there like it,” Scherrer said. “It is a sustainable process and Domingos is a master at turning such materials into something unbelievable.”
Solo solo bench
28
SouthBayDigs.com | 6.01.2012
lo WRITTEN By: Quin n R o b erts
At first glance, it may look like your average bench, yet the Solo Bench from
“The concept behind the bench is important. There is nothing out there like it,”
TOUCH Design Studio is much more than that. Based in Los Angeles, TOUCH
Scherrer said. “It is a sustainable process and Domingos is a master at turning such
partnered with Brazilian designer Domingos Tótora to develop and market the
materials into something unbelievable.”
bench, which is made out of just two materials: metal and recycled cardboard.
Just under seven feet long and coming in either an earth or honey color, the
While it may sound like an odd combination, Tótora uses discarded cardboard
bench is currently $5,800, which includes shipping. Scherrer said that down
and mixes it with water and glue, which results in a pulp that is the base for the
the road, TOUCH is hoping to lower the price of shipping, which at the moment
wood-like material. He developed the material after noticing a large amount of
contributes to the high price of the bench.
cardboard that was being discarded by local businesses in Brazil. It was after that
Selling the piece since the Fall of 2010, Scherrer said the bench has still yet to
when Tótora not only began to create furniture with the material, but bottles, vases
take off in the United States. However, it has quite a footing in Europe, especially
and sculptures.
after being nominated for a Brit Insurance Design Award, considered by many to
“We are still amazed by it,” said Peter Scherrer, co-founder of TOUCH. “It looks beautiful, is a great design and is sustainable. Domingos has transformed the piece.” Solid like a piece of wood, the cardboard pulp is sanded down to be as smooth
be the Oscars of the design world. “It really is a great story and concept,” Scherrer said. “The style isn’t super modern, but isn’t traditional either, making it a very versatile piece.”
and comfortable as any other bench made with traditional materials. And while it may look like many traditional materials, the pulp brings a whole new dimension to
For more information visit: www.do-not-touch.com
the idea of sustainable furniture.
6.01.2012 | SouthBayDigs.com 29
i want t my home sold for what it’s worth t my selling experience to be worry free and simple t my home to be professionally prepared for market t a comprehensive marketing plan that creates maximum exposure for my home t excellent communication, follow through and a timely close of escrow
Our Vision Exceptional representation for exceptional properties. Formula for Success
The Leader in Luxury Real Estate In 1933, Henderson Talbot founded a luxury estate marketing company with a philosophy different from others of the day: to capture fine homes on film so prospective buyers worldwide could preview a property. Nearly 80 years later, Previews International has grown to become the premier residential real estate marketing program in the world.
raelord Coldwell Banker Previews International® is successful because of a simple formula: » » » »
Local, national and international luxury real estate market leadership Global strength with an unparalleled network Commitment to service excellence at every level of the organization Leading-edge marketing to position properties for maximum exposure to appropriate clientele
i want
rae lord DRE# 01388229
310.947.1667 • Rae.Lord@yahoo.com • RaeLordSells.com
©2011 Coldwell Banker Real Estate LLC. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned And Operated By NRT LLC.
UNDER THE SOUTH MANHATTAN SUN 221 3RD ST, MANHATTAN BEACH $4,199,000 The most versatile home on the market encasing 4,067 square feet not including the 4 decks and private patio. Tuscan style designed by Doug Leach and built by our foremost and ever-evolving female builder, Kim Komick. A big-time ocean view of the Manhattan Pier, a 2 block saunter to the beach and a leisure 5 block stroll to downtown. Intoxicating space with high-ceilings and well-positioned windows allowing streaming and ambient light. The main house features 3 bedrooms + office + 2 family rooms + workout room. The separate guest sports a matching 1 bedroom, bath and living room (the two can be connected).
Live for Now, Live for Today, Live for Tomorrow. 807 ESPLANADE, REDONDO BEACH $6,995,000 Feature by feature, it’s one of the best and most exciting properties. Inspired by the 5-star Inn at Santa Marina on Mykonos. It’s like a highlight reel of lifestyles envied by many and enjoyed by a select few, with unparalleled Pacific Ocean views from Indicators to Point Dume. Set on the oceanfront bluff, just about every moment on this property is amazing even when the clouds roll in. No owner or guest is underwhelmed with all bedrooms on the oceanfront; 2 of them are magnificent master suites with fireplace, walk-in closet and a spa ambiance. The living room is a dream shot for photographers for their exciting magazine covers, evoking the emotion and imagination that turns pages. Features include cherry floors, teak & alder doors, copper windows, floor to ceiling Carrera marble, stone and exotic granite. There are 4 sun decks and a 3-car garage. 50 feet of frontage and home appeal that impresses while driving by on the street side or on a yacht on the ocean side.
Over 80 Million in Real Estate Transactions in 2011
Lauren Forbes Coldwell Banker Previews 310.901.8512 lauren@laurenforbes.com
John Corrales Coldwell Banker Previews 310.346.3332 corralesjohn@aol.com
©2011 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and Operated by NRT LLC
new listing! 2417 Elm Avenue, Manhattan Beach •
This is clearly one of the most unique homes you’ll find! Completely remodeled from the ground up. 4 bedrooms/3 baths, situated on approx. 5,151 square ft corner lot; living space is taped at 3,468 sq/ft (per tax records).
•
Bright open floor plan.
•
Bedrooms are upstairs with high vaulted ceilings.
•
Hickory Pecan hardwood floors.
•
Kitchen: rustic-like handmade walnut cabinets, Blue Bahia granite, state of the art Thermadoor appliances built in coffee / espresso maker.
•
Spa/Zen-like master bath: hand chosen Italian Travertino (heated floors), over sized soaking claw foot tub, stacked river rock wall planter.
$1,699,000
www.2417Elm.com Rami Elminoufi
www.BEGONIAVILLAGE.com b b b b b b b b b
TE LIS ST
EXECUTIVE SINGLE FAMILY HOME IN THE GATED COMMUNITY OF BEGONIA VILLAGE…
D!
Realtor / Mortgage Broker Direct 310-947-1180 www.WelcomeHomeLA.net
JU
Beach City Brokers Office 310-543-3536 x321 Rami@WelcomeHomeLA.net
South Torrance Schools Move-in Condition Cherry Hardwood Floors Updated Kitchen with Granite Countertops 4 Bedrooms/4 Baths Large Family Room Family Oriented Low HOA Fees (includes water) Priced to Sell
OFFERED AT $775,000 Open House, Sun., June 3rd 11:00 - 2:00 p.m.
ks
Wonderful home in the Jefferson School District! scan the code for a virtual tour of this home
Corner Lot | 3 Bedrooms | 2 Baths | 1,805 Sq. Ft.
kathy and susan
Upgraded kitchen (granite counter tops, stainless steel appliances), bright living room with vaulted wood-beam ceilings, multi-level floor plan and balconies off the living room and master. Low maintenance, paved backyard.
Kathy Pahlow
Susan Leighton
DRE #01029975
DRE #01837121
310.387.0307
$659,000
310.561.2057
We Have Your Back! KathyAndSusan.RealEstate@gmail.com
www.beachcityagents.com 32
Walking distance to Hermosa Beach and shopping/dining on Pier Ave.
SouthBayDigs.com | 6.01.2012
Kristen Ybaben 310-993-7898
www.BestSoCalProperties.com
GARYEL Integrity + Hard Work =
CO
NS N TR EW UC TI ON
!
RESULTS
4 BRAND NEW OCEAN VIEW TOWNHOMES TO CHOOSE FROM! • Beautiful California Contemporary Style • 180˚ Ocean View From Malibu to Catalina • 3 Bedrooms, 2.5 Baths, appx. 1,900 sq. ft. each • 3 Blocks to Beach, Shopping & Restaurants • Easy Access to Freeways & LAX Airport • Located in Award-Winning Hermosa School District
Open Sat/Sun 1-4
NE B W RA LIS ND TI NG
!
929 1ST ST., HERMOSA BEACH $1,099,000 EACH
CUSTOM ROLLING HILLS HOME * 4 Bedrooms, 3.5 Baths plus office/workout room * Custom library, formal living room * Approx. 5800 sq. ft. & 1500 sq. ft. 4+ car garage * Bonus private RV parking located at the end of the cul-de-sac * Beautifully landscaped yard has a resort-style pool
38 MOCCASIN LANE, ROLLING HILLS ESTATES - $2,199,000 Open Sat/Sun 1-4
GARYELMINOUF I GaryElmo@gmail.com • www.GaryElmo.com • Direct: 310-292-0332 • Office: 310-543-3536 x300 All information is from various sources deemed reliable but not guaranteed all parties to verify DRE: 01139207
the beach house Oversized 45 foot wide lot
THE MOST UNIQUE HOME EVER BUILT ON A FLAT, SOUTH END MANHATTAN BEACH WALKSTREET Classic Beach House | indoor - Outdoor Living - Courtyard/Pool Open Floor Plan | Retreat Like Master Suite | Flexible Upper Level This KAA custom designed home set in the heart of a classic coastal neighborhood is a nucleus for family and friends. This peaceful Southern California retreat unfolds to reveal a thoughtful balance between indoor and outdoor living where unexpected features greet visitors with the element of surprise. Relaxed but refined, crisp but inviting, the casual elegance of this purposeful environment embraces an active beach life where sun, sand, ocean breezes, laughter and memories are closely interwoven. The beach house is a family heirloom to celebrate the present and to be passed down through the generations. CALL FOR DETAILS
Top 1% of all Realtors in Los Angeles County Luxury Home Listing Specialist International Online Property Exposure Real Estate Technology Expert “Having closed over $300 Million in successful real estate transactions in my first 10 years of business – I understand what it takes to perform at the highest level on a consistent basis. As your strategic advisor, I will exceed your real estate objectives. Ultimately, my success is measured by your personal experience.”
Chad Heitzler Fahlbusch Year End Top Producer ’03-‘11
310.600.3555 chad@southbaychad.com
www.SouthBayChad.com
DRE 01346526
CUSTOM BEACH PLANTATION ON THE BEST STREET IN THE TREE SECTION 625 31ST STREET MANHATTAN BEACH •
This home is situated on the best street in the trees, with ideal orientation, offering amazing Southern sun exposure and unheard of views all the way to Palos Verdes.
•
Consisting of 3,380 square feet of truly open living space, it features 4 large bedrooms, 3.5 bathrooms, two expansive vaulted living areas and two distinct-effortlessly useable outdoor living spaces that are accessed through multiple French doors. This home is picture-perfect for indoor-outdoor entertaining year round.
•
The finishes consist of wide plank Oak floors, naturally finished Douglas-fir doors, natural stone, custom tile and wood windows. The gourmet kitchen sits adjacent to the dramatic vaulted family room, open breakfast area and rear yard. The kitchen boasts top of the line commercial grade Thermador range and double oven, sprawling granite counter tops, custom cabinets and an enormous island that is perfect for entertaining.
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The back yard features an intricately crafted natural Palos Verdes stone patio with a dual sided stone fireplace, outdoor dining room, and an outdoor family room complete with flat screen TV, custom cabinetry and an adjacent fire pit.
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The elevated, gated grass front yard sits to the South of a large covered view porch that can handle three or four families relaxing and has enough space for little ones to play. Just two blocks to the West is a large grass field, which is perfect for throwing a football or kicking a soccer ball. The cul-de-sac back alley is also a great resource for the kids to play in. Did I mention this street is a gas lamp street and one is situated in front of this home to the Southwest?
•
Designed by Jay Stephenson and custom built by KT Zeigler, this home has tremendous natural light pouring in through strategically located windows, vaulting, a clear story and skylights.
•
Mature trees on both sides make the home and yards extra private but do not block the natural sunlight. There are few chances to live on this street or on this block in a custom, functional, family home of this elegance. Don’t let this chance get away from you.
Offered at $2,750,000
Robb D. Stroyke Stroyke Properties 920 Manhattan Beach Blvd, Ste 4 office: 310-545-9595 ext. 123 cell: 310-938-6008 robb@stroykeproperties.com
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36
GB
Architecture | Design | New | Renovation Over 30 years of experience in the South Bay For a complimentary consultation call 310.375.7700
GerardBisignano
www.pritzkatjohnson.com
gerard@coastalluxuryliving.com www.coastalluxuryliving.com
SouthBayDigs.com | 6.01.2012
505 North Valley Drive Luxurious Eco-Friendly Custom Built Single Family Home This exceptional architectural residence in Manhattan Beach is an ideal match for the buyer who desires modern design, open space, premium finishes and an environmentally friendly home. In addition to its distinctive design and “Green” features, this home has the added benefit of a location close to the water and short walk downtown to dining and shops.
4 Bedrooms + Office | 3.5 Baths | Built in 2006 | 2200 sq.ft. Chef’s Kitchen | Nana + Fleetwood Doors | Designer Finishes
www.505ValleyDrive.com
Offered at $2,049,000 Shorewood Realtors 310.600.1662 3300 highland ave. manhattan beach, ca 90266 dre# 00939714
Rosanna 310.600.1662 househunt@roadrunner.com www.shorewood.com/rosanna dre# 00939714
RE D PR UC IC ED E!
1211 2nd Street, Manhattan Beach
131 N Broadway Avenue, Redondo Beach
Martha’s Vineyard Captain’s House, 6 Bed, 5 Bath, 50x150 Lot. LISTED BY MATT WAXMAN (310) 529-9580
Opportunity to Remodel or Build, Flat 6,300 sq ft lot; 1,500 sq ft Home. LISTED BY MATT ADAMO (310) 880-8628z
BROKER OPEN, 6/1, 12-2PM PUBLIC OPEN, 6/2 & 6/3, 1-4PM
$899,000
Detached Townhome, Built in 2009, 4 Bed, 3 Bath, Pristine Interior, Luxury Finishes, Walk 2 Blocks to Beach. LISTED BY LYNDA WYCKOFF (310) 766-1908
$899,000
PO
CK SO ET LD LIS TI N
G
CO JU M ST PL ET ED
LD SO
921 9th Street, Manhattan Beach
509 N Juanita Avenue #2, Redondo Beach
Excellent Location in the Coveted Tree Section, Built 2003, Nantucket Design, 5 Bed, 5.5 Bath. LISTED BY MATT WAXMAN (310) 529-9580
Townhome with over 2000 sq ft, 3 Bed, 3 Bath, Great Location for Schools/Shopping, Short Sale. LISTED BY LYNDA WYCKOFF (310) 766-1908
$2,315,000
$510,000
NEW CONSTRUCTION IN MANHATTAN BEACH COMING SOON…
JOIN OUR GROWING ALL STAR TEAM: MATTHEW ADAMO JOHN BALK JEFF CAPRIO LYNDA WYCKOFF
JIM LISI TINAMARIE VISCONTI MATT WAXMAN
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OnePacificRE.com
Jim@JimLisi.com OnePacificRE.com 01411669
H o u Ju ST se n AR Hu e TS n t 15 th !
DIGS saves YOU GAS!
WIN a $25 gas Card each edition! (2 PER EDITION – that’s $50 in FREE GAS!)
It’s the digs house hunt! LOOK
for Special HOME OF THE WEEK and FRONT COVER signs posted in front of next edition’s HOME OF THE WEEK and FRONT COVER – 6.15.12 Edition.
SNAP a photo of yourself in front of the sign UPLOAD your photo to our Facebook page
Facebook.com/SouthBayDigs You’ll be entered into our regular edition contest to WIN a $25 gas card just for finding the sign! 2 Winners Every 2 Weeks!
south bay
Open to all South Bay Residents age 18 or over. Winning photo must be of the June 15 edition HOME OF THE WEEK and COVER HOME signs taken in front of the property, and the photo must be uploaded to the South Bay Digs Facebook page to qualify. Winner will be drawn randomly from all correct entries posted on the DIGS Facebook page. The total prize for each correct HOME OF THE WEEK is 1 (one) $25 Gas Card. The total prize for each correct FRONT COVER home is 1 (one) $25 Gas Card. Only one winner per home, per edition. Same person can only win once in one 12-month period. Listing agents of posted homes are excluded.
™
A LEGACY HOME IN THE MANHATTAN HILLS PANORAMIC OCEAN VIEWS, HUGE LOT Located on a elevated triple corner lot overlooking the ocean, this spectacular home has unmatched design and quality. With custom detailing and finishes of the highest order this is an estate which will never be duplicated. Home Size:
9,000 sq.ft. (approx – buyer to verify)
Lot Size:
14,368 sq. ft.
Dimensions:
75 ft. front width, 125 ft. rear width, 165 ft. depth
Slope:
East to West slope of approx 30 ft.
Yards:
Huge Front Yard, Elevated Rear Yard with Koi Pond and Waterfall, Pool/Entertainment Area
Bedroom/Baths:
5 Bedrooms 7 Bathrooms
Rooms:
Living Room, Family Room, Library, Gourmet Kitchen, Pantry, Dining Room, Office, Odeon/Bar/Game Room, Gymnasium, Crafts/Wrapping Room, Sauna, Laundry Room, 6-Car Garage
Pool Area:
Large Custom Pool with Wide Surrounding Limestone Deck Areas, Jacuzzi, Outdoor Kitchen/Grilling Center, Separate Pool House with Game Room, Kitchen/Bar, Office, Full Bath, Workshop and Guest Quarters with Full Bath.
price upon request. FOR PRIVATE SHOWING PLEASE CONTACT: jonathan coleman
Scan QR Code to View Summer Hill Estate Magazine Online 40
SouthBayDigs.com | 6.01.2012
www.manhattanhillsectionestate.com
COMING SOON! NORTH HERMOSA HILL SECTION INCREDIBLE OCEAN VIEWS
$1,495,000 UNMATCHED PANORAMIC OCEAN VIEWS MID-CENTURY MODERN–TOTAL REMODEL LOCATED HIGH IN THE HILLS WEST OF SEPULVEDA 3 Bedroom, 2 Bath W/ 5-Car Parking Walls of Glass Look Out to the View Beamed Ceilings, Large Patio Yard Tremendous Future Development Site
NORTH HERMOSA HILL SECTION 2016 HILLCREST DRIVE Panoramic Ocean & City Views Highly Desirable Family Street Remodeled 2 Bedroom, 2.5 Bath, Living Room with Vaulted Ceiling, Balcony, Gourmet Kitchen with Granite Counters, 2 Fireplaces, 2 Decks & Rear Yard, West Facing Lot, 4-Car Parking.
Priced to Sell. $989,000 www.2016HillcrestDr.com
JONATHAN COLEMAN 310.991.0929 jonathancoleman1@aol.com DRE# 00808758
“THE STRAND SPECIALIST” 6.01.2012 | SouthBayDigs.com
41
ANOTHER OCEAN VIEW MASTERPIECE LISTING! WHEN YOU LIVE HERE YOU ARE ON VACATION EVERY DAY! Just a short stroll to the charming shops and restaurants of the Hollywood Riviera Village and one block to the sand. This turn-key home features two master suites, two viewing decks, hardwood floors, plus one amazing view!
A
s her countless satisfied clients will attest, Jane Sager has made exceptional service an art form. As one of the South Bay area’s leading real estate professionals for more than 20 years, she has built her reputation on providing expert guidance with a distinctly personalized touch. Jane builds lasting relationships with her clients, and provides keen market insight and creative solutions throughout the process. Quite simply, for Jane Sager, Success is an Art Form, so call her today and make the most of your opportunities in the South Bay area.
JUST LISTED FOR $679,000. Shown by Appointment Only.
www.JaneSager.com
THE SOUND OF THE WAVES WILL LULL YOU TO SLEEP. See and hear the ocean from this rare corner location Strand duplex with unobstructable views. Feel the sea air as you enjoy lunch in your private courtyard. Taste the pleasure of knowing that the upstairs studio/artists’s loft is available to you as a retreat within your retreat, when the pounding of the surf and the oversized fireplace gets to be just too much!
Shown by appointment and available for $2,499,000
www.JaneSager.com (310) 748-0677 www.JaneSager.com
3300 Highland Ave. Manhattan Beach, CA 90266
CHARMING BEACH RENTAL. JUST STEPS TO THE SAND. This wonderful walkstreet unit is a rare find. Two bedrooms and one bath, fireplace, white and bright kitchen, one car garage plus one car additional parking. Laundry room plus expansive outdoor patio on the walkstreet! Available Now for $2,995 a month.
REALTOR ®
REALTOR ®
Jane Sager, CA Lic.# 01001004
221 31st Place, Manhattan Beach
www.JaneSager.com
Jane Sager’s seasoned perspective is your advantage when buying or selling a home.
W
hen it comes to your real estate transaction, Jane believes it’s equally important to understand the big picture as it is to focus on the small details. In the end, her goal is to help you achieve exceptional results and enjoy the lifestyle of your dreams. But to get there, Jane knows it takes steadfast attention to detail and careful analysis to make sure every element is in place for success. With more than 20 years experience in the South Bay area market, Jane approaches your move from every perspective to ensure the best possible results. From defining your big picture goals to handling every vital detail throughout the process, she applies her expertise to help you make the right decisions for your future. Call her today and discover the difference for yourself.
(310) 748-0677 www.JaneSager.com
Jane Sager, CA Lic.# 01001004
Lots Wanted A Passion For Excellence acquire | build | develop
mattmorrisdevelopment.com 310.546.4300
Ed Kaminsky’s Premier Property Showcase
A QUIET STREET IN THE TREES
$2,200,000
TEXT 9922 to 511511 for property address & virtual tour link
5/Bed + 5.5/Bath | 3,456 sq.ft. | 4,804 lot | Lavish Details Throughout On Market: Early June
310.798.1277 EK@ItzSold.com ItzSold.com STACI BROOKS, ED KAMINSKY, BECKY DAVIDSON, TINA KAMINSKY
B U I L D E R S A R E B AC K Some people love them and others hate them. No matter what camp you are in, the recent market shift has awoken the sleeping giant. There are many tell-tale signs: starting with more fences surrounding the old, post-war 1,200 square foot homes around town. Oh, and how about 18 offers on one old home that recently went up for sale in the Tree Section of Manhattan Beach? My phone has been ringing from local builders asking opinions of potential resale value for their new homes. Additionally, homeowners have been calling in to determine if I can get them more money from a builder or an end-user buyer. In 2008, the market was about as bad as we had seen in decades. If you were a builder with inventory you were guaranteed to lose money. The reason being was that when adding up the cost of the land purchased, the cost of construction, the cost of financing and the cost of selling, it almost always amounted to more than what the property would sell for.
You need an expert agent to guide you through the two options when you want to sell to help identify which path is best suited for you. For buyers wanting to buy a new home, there is not a lot to choose from. You may have to have some vision because you may have to lock in your purchase before it is done being built. Don’t let all of the fences around town fool you, many of the homes being built today are custom homes that will not be going up for sale.
To find out more about new homes or to determine if your home is worth more to a builder or an end user, you can call Ed Kaminsky at 310-798-1277 ext. 214 or drop an email to ek@itzsold.com.
Many property owners believe that the value of a home is determined by adding up what it cost to build plus the land value. The fact is that a property is only worth what the market will bear. The market doesn’t care what was spent to build it or what the initial cost was to buy it. The market decides value based on supply and demand. Buyers actually determine value. Sellers just get to decide whether they are willing to sell at what a buyer is willing to pay. With very few exceptions, most builders in 2008 were forced out of the market. You could no longer buy land or old homes in the area at a low enough price, build a home, and make a profit. Builders usually look to make between 10-20% in profit and if they believe they cannot achieve those numbers, they have to forgo the risk. Hence, for the past 4 years builders were either forced into early retirement (or bankruptcy), many became home remodelers or went on to build for private home owners. One builder I know told me that nearly all of his subcontractors were former builders and general contractors. Builders had to find any work they could to keep food on the table. It is a feast or famine business. When the market is right they can make significant profits but it is risky and with one slight shift in the market a builder can go from making a 20% profit to losing 100% of their cash invested. Fast forward to today and builders are nervously stepping back in. They are hoping that the recent surge in activity and prices will again allow them to buy land at today’s value and then post a profit a year from now. Buyers looking in the market are anxious to find brand new homes but the inventory simply isn’t there. There are multiple cases already where a new home has been planned and the builders have locked in a buyer that will purchase it now and will wait the approximate 1 year it will take to construct it. As a matter of fact, I have been quietly marketing 4 new homes in Hermosa Beach on 21st street just West of Pacific Coast Highway. We have secured 3 buyers for the 4 homes already, 2 of which purchased it while the project was only in the framing stage. The same builder was marketing a project next door through me a few years ago with 8 homes offered for sale and we couldn’t get a buyer to come and look at them until they were completely finished, the paint was dry and the homes were staged. Whether you are in the market for a new home or you own an older one, it certainly appears that the builders are back. There is no telling how long this trend will last but it is here for the moment. As a home owner there are significant benefits of selling your property to a builder including reduced costs and being able to sell it in “as-is” condition. There are cases where end user buyers will pay more than a builder will.
The Ed kaminsky family of companies Ed and his dynamic team have been featured on . . .
i./ Ope Sa n: t./ Su n. Fr
1717 9TH STREET
43 20TH STREET
MANHATTAN BEACH
MANHATTAN BEACH
HERMOSA BEACH
3/Bed + 4/Bath 2,132 sq.ft. Ocean Vistas 3 blocks to the beach New Granite Kitchen
4/Bed + 2.5/Bath 3,226 sq.ft. Large 7,500 lot, Large Backyard Beautiful covered Lanai with fireplace
Over 4000 sq.ft. of living space Rare 40 foot wide south facing lot Best North Hermosa Walk street
TEXT 9927 to 511511 for property address & virtual tour link
OFFERED AT $1,299,000
A L M O S T 1 ,0 0 0 S F O F D EC K S PAC E
p a rd o n o u r m e s s
M ON A JU RK NE ET 1 :
i./ Ope Sa n: t./ Su n. Fr
TEXT 9925 to 511511 for property address & virtual tour link
TEXT 9925 to 511511 for property address & virtual tour link
OFFERED AT $1,599,000
OFFERED AT $4,395,000
PA N O R A M I C O C E A N V I E W S
DISAPPEARING DOORS
3 H O M ES A L R E A DY S O L D O F F MAR K E T ! 1 U N I T L E F T ! O F F E R E D AT $ 1 ,6 0 0, 0 0 0
HURRY! ONLY ONE BRAND NEW HOME LEFT!
HermosaPointe.com
. . . ESPN, FOX, NBC, MSNBC, ABC, BRAVO!, HGTV, & THE FINE LIVING CHANNEL, The Today Show, Good Morning America, Nightline, HotList, Cold Pizza, RealEstate Confidential, Good Buy, Bad Buy, & Open House LA, The LA Times, The New York Times, The Los Angeles Daily News, The Daily Breeze, The Orange County Register, The LA Business Journal, The Wall Street Journal, The Boston Globe, REALTOR magazine, California Real Estate Magazine, The Sports Business Journal, LA Radio, Boston Sports Radio, and South Florida Radio. ™
south bay
PULL OUT TO KEEP INSERT
3608 CREST DRIVE
find your place.
www.SouthBayDigS.com april 20, 2012
Under the SoUth Manhattan SUn
Check the details on p22
Offered by John Corrales and Lauren Forbes, Coldwell Banker Previews International
A G LO B A L M A R K E T I N G N E T WO R K
TARGETED EXPOSURE & MARKET PENETRATION ACROSS ALL MEDIA CHANNELS Hyper-local Real Estate Network In Top 5 Brokerages in LA County #1 Brokerage in the South Bay
A recognized voice of local Real Estate expertise Dedicated supporters of local charities and youth organizations Over 5,000 subscribers to Ed Kaminsky Team updates and eblasts
92% of buyers are online Property exposed to over 50 million buyers via 60+search sites ItzSold agent network with permissions to advertise our listings
COMMUNITY NETWORK
ONLINE LISTING SYNDICATION
Targeted Nationwide Marketing High Net Results in 30 days or less Deep reach into a qualified pool of global investors and buyers
Inside access to luxury home buyers Exposure to executive professionals relocating to LA area National networking with top level agents in each major market
SOCIAL NETWORK Property shared with appx. 10,000 followers within combined networks 100,000 digital media impressions per month Property announcements and features on YouTube, the 2nd largest search engine in the world
N O O T H E R C O M B I NAT I O N C O M PE T ES ! I’ve spent 25 years building a network that allows me to reach every corner of the market. Exposure of your home means more than just great internet and print marketing; it means incorporating the connections & knowledge that have been built to bring YOU closer to your Real Estate goals.
310.798.1277
CALL THE TEAM WITH THE MOST COMPREHENSIVE, INFORMED MARKETING & PRICING PLAN AND ACHIEVE RESULTS, FAST!
504 John Street | Manhattan Beach
SOLD!
Offered at: $4,595,000
5 Bedrooms | 4.5 Bathrooms | 4783 sq ft 7000 sq ft lot | Guest House | Ocean Views Magnificent Mediterranean Hill Section estate home that sits high on one of Manhattan Beach’s finest streets and boasts some of the best panoramic ocean views in the city. Designed by renowned architect Louie Tomaro, this home offers the perfect combination of style, functionality, location and VIEWS. There are five bedrooms including the detached guest/maids quarters and four and a half baths in almost 5,000 square feet of living space. The top floor functions as the main living area with an open layout that takes advantage of the breathtaking and unblockable views that stretch from Malibu to Catalina and beyond. Relax in the two west facing living rooms and enjoy sunsets from the elevated dining room. The gourmet kitchen is stocked with all of the modern bells-and-whistles and opens to a fabulous sunken living area and nice deck to enjoy breakfast outside.
504John.com NEW CONSTRUCTION!
NEW CONSTRUCTION IN THE TREES 712 29th Street MANHATTAN BEACH A+ location 5 bedrooms PLUS office Great yard
$2,595,000
Over $29,000,000 in Property Sales! #3 in Total Volume & #2 in Transactions (Highland Manhattan Beach Office)
Jeremy Shelton 310.245.3705 jshelton@shorewood.com www.JeremySheltonHomes.com
“Knock Knock”
“Who’s There?”
“Opportunity”
“Opportunity Who?”
Opportunity to secure an oversized (45 x 90) walk street lot with home plus income property, west of Highland, in Manhattan Beach.
Remodel.
Build.
Hold as investment.
Panoramic Ocean Views | North side of street 3 or 4 Bedroom main home plus 2 Bedroom, 1 Bath rental over 3 car garage Hardwood floors | Beamed ceilings | 3 fireplaces
217 20th Street
Asking $4,329,000
Chris Plank In Real Estate, Time Really is Money!
50
SouthBayDigs.com | 6.01.2012
Call me For a Private No Obligation Consultation.
Shorewood Realtors | ChrisPlank@aol.com Cell (310) 849-1530 | Office (310) 546-7561 x443
www.ChrisPlankHomes.com
Selling the Beach Lifestyle
Kevin B Pratt 310.738.2348
kpratt@shorewood.com • www.KevinBPratt.com
IN
ES
CR
OW
!
22nd Year at Shorewood
Artistically Remodeled with a French Countryside Flair • • • •
East Manhattan Beach Sanctuary on a Full 7500 sq. ft. Lot Seclusion and Serenity in a Private Family Setting 3 Bedrooms and 2 Baths plus Substantial Bonus Space Huge Yard, Huge Deck, Huge Price Improvement
$997,000 1126-6thstreet.com
Steve Santos 310.488.4924
Steve@SteveSantosProperties.com A 33-Year Resident of Manhattan Beach DRE# 01440129
6.01.2012 | SouthBayDigs.com 51
LOO K ING B AC K
The S.S. Catalina A Glamorous Trip Across the Bay written By Denise Kano
Catalina Island is just 26 short miles from our coastline, and there are plenty of ways to get there. But in 1924, it took over two hours to arrive by steamship to the island that felt worlds away from the bustling port of Los Angeles.
Changing Times Eventually, union issues brought challenges and in 1955, Phillip K. Wrigley sold the Catalina. A group of investors purchased it, and for awhile, the ship
The S.S. Catalina, also known as The Great White Steamer, was among several
continued her many journeys across the bay. However, by the early 1970’s, there
steamships that provided passenger service from Los Angeles to Catalina Island.
were plenty of smaller and faster vessels which made for stiff competition for
Built at a cost of $1 million for William Wrigley, Jr., the 301-foot steamship carried
the S.S. Catalina. Times had changed; travelers no longer dressed up for the
approximately 25 million passengers to and from Catalina from 1924 through 1975.
crossing, and the big bands that had once played in the Catalina’s ballroom
According to the Steamship Historical Society of America, the S.S. Catalina carried
had now shrunk to small combos. By 1975, the Catalina was retired from
more passengers than any vessel anywhere.
passenger service.
Elegant Transportation
developer who bought the ship as a Valentine’s Day gift for his wife. The steamship
In 1977, the ship was purchased at auction for $70,000 by a real estate Tourism to Catalina was in full swing in the 1920’s. William Wrigley, the owner of Catalina Island, ran a training camp on the island for his Chicago Cubs baseball
was moved for several years between Newport Beach, San Diego, Santa Monica Bay and Long Beach.
team as well as his steamship line, the Wilmington Transportation Company. The
In 1985, the S.S. Catalina was moved to Ensenada, where she became the
S.S. Catalina enticed tourists by providing elegant transportation to the island
focus of a series of unsuccessful business ventures, including a floating disco and
paradise, and was capable of carrying 2,000 passengers at one time. Avalon was
restaurant. In late 1997, the ship escaped its moorings and became stuck on a
the only major town on the island, and it had a quaint, Mediterranean feel, which
sandbar in Ensenada Harbor. There she remained, half-submerged and stuck in the
tourists found to be a breath of fresh air from their busy lives.
harbor mud. After years of neglect, the Catalina was badly decayed and rusted and
The ship had five decks, with the uppermost Promenade deck providing open
had been stripped by looters.
air seating. Also popular was the Saloon Deck which was almost entirely glass enclosed and included a ballroom. Here, popular big band orchestras played for
After sitting in Ensenada Harbor for 12 years, the Catalina was finally broken up.
the ship approached the island, speedboats circled as if announcing its arrival, and
The scrapping of the ship began in January of 2009 and was finished in early 2010.
water skiers jumped over the ship’s huge wake. Closer to shore, children enjoyed
It was a sad ending for the historic vessel that had once transported numerous
swimming in the harbor and diving for coins that passengers tossed into the bay
happy travelers across the sea.
as the boat docked. Small seaplanes could also be seen docked in the marina — another form of early transportation to the island.
52
End of the Line
well-attired passengers who danced as the ship slowly moved across the Pacific. As
SouthBayDigs.com | 6.01.2012
More information on the colorful history of the S.S. Catalina can be found at the Catalina Island Museum, located in the Casino Building in Avalon.
Avalon, circa 1932.
S.S. Catalina Facts: •
The S.S. Catalina made her maiden voyage on June 30, 1924.
•
The ship was featured in the 1967 film, “Catalina Caper.”
•
It served as a troop ship during World War II and transported more than 800,000 soldiers and sailors.
•
Famous passengers included Presidents Calvin Coolidge and Herbert Hoover, and actor Robert Mitchum.
The view from the Promenade upper deck, 1920s.
The S.S. Catalina and one of the early sea planes
6.01.2012 | SouthBayDigs.com 53
XPERTISE BUY SELL INVEST SOUTH BA BEACH COMMUNITIES MARKET TRENDS NESS LEADERSHIP ECONOMIC CONDIT DREAMS LUXURY LIFESTYLE FINANCING NEGOTIATION MARKETING STRATEGY ESTYLE THE NETWORKINGRESULTS STRATE COMMUNICATION CONTINGENCIES AND ROPERTY MANAGEMENT EXPERTISE BU L INVEST SOUTH BAY BEACH COMMUNI DELIVERING THE ULTIMATE REAL ESTATE EXPERIENCE MARKET TRENDS BUSINESS LEADERSHI FOR HOME SELLERS & BUYERS IN THE SOUTH BAY CONOMIC CONDITIONS DREAMS LUXUR LIFESTYLE FINANCING NEGOTIATION KETING STRATEGY LIFESTYLE NETWOR RESULTS STRATEGIC COMMUNICATION, TINGENCIES AND PROPERTY MANAGEM RTISE BUY SELL INVEST SOUTH BAY BE OMMUNITIES MARKET TRENDS BUSINES SO
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STEPS TO BEACH & DOWNTOWN MANHATTAN BEACH Sand Section’s Gas Light Area | Louie Tomaro Design | Built 2006 3 Bedrooms | 3.5 Baths | 3375 sq ft | Oversized Lot | Wine Cellar
CANDICE CARPENTER 310.871.5100 DIRECT Top 5 in Real Estate | Certified Residential Specialist Luxury Home Marketing Specialist Candice@CandiceCarpenter.com REMAX Beach Cities – Manhattan Beach
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DRE : 01405276 | OREA: AT044838
PARK VIEW CONDO IN SOUTH REDONDO 2 bedrooms, 1.75 baths. Appx. 1346 sq ft. with laundry area inside! Access to El Retiro Park and Library Community spa, sauna, weight room, clubhouse & sundeck
Walk to the Beach, Riviera Village and highly rated Torrance schools
$539,000 Jack McSweeney, CDPE, SRES, e-PRO, PVS RE/MAX Execs Realtor / Manager Member of the RE/MAX Hall of Fame JackMcSweeney.com SoBayCalMLS.com 310 346-0391 cell / 310 356-4285 office
56
SouthBayDigs.com | 6.01.2012
BROKERS
26 Coveview Rancho palos verdes The views rip your breath away! One level floor plan, large living room, double family room, party deck, 1/2 acre of land, pool, vast yard space.
George Fotion Cell: 310.346.6467 george.fotion@homeispalosverdes.com
Check out South Bay Digs INTERACTIVE SCAN this QR Code!
4616 Sugarhill Dr., Rolling Hills Estates MASONGATE: One of the premiere neighborhoods in all of Rolling Hills Estates. A spectacular remodeled home in 2009 has 4 bedrooms 4.5 Baths, 3500 Square feet all sitting on a private 21,000 square foot lot towards the end of a cul-de-sac. This single story home was extensively remodeled inside and out, starting with 16 foot Fleetwood Doors expanding open to an amazing backyard with a glass pebble pool and spa surface. The spa is massive and seats 10-15 as the water cascades into the pool. Right next to the pool is an outdoor glass fire pit and cooking area. There is a Lynx BBQ, granite counter tops with an exterior sound system. To top it off a full sports court for paddle tennis, basketball, volleyball all with night lighting is part of this property. The kitchen is a cooks dream: In the kitchen the windows tuck back into the walls to give you that indoor outdoor living. Honed Granite counters, Kitchen Aid Refrigerator/Freezer warming drawer, pot filler, hot & cold filtered water, ice maker, prep/bar sink, recycled glass backsplash, 3 Great living spaces gives this floor plan an A+.
List Price $1,995,000
Steve & Ceci Watts 310.375.5645
steve@wattsrealestate.com www.wattsrealestate.com DRE# 00966894, 01040493
FIND YOUR PLACE Find the most Open House listings in the beach cities and in Palos Verdes. Find Your Place with DIGS Open House Guide.
Updated Each Weekend
Android & iPhone or iPad users: Download a QR code reader, then scan this code to receive a full open house guide directly on your phone.
THE GUIDE
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DigsOpenHouse.com
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LD ! SO
Real Estate I need you, You need me “TO BE NUMBER ONE, YOU MUST BE FIRST!”
CALL NOW! 310-678-0929 • Email: tjparkr@msn.com 615 N. Lucia # B, Redondo Beach
FEATURED PROPERTY!
Unobstructed Ocean View Home in South Redondo
Katnik Properties 310-374-8148
4 Bedrooms, 3.5 Baths, 2,480 Sq.Ft., backyard Upgraded “better than new” detached 3-story rear townhouse includes ocean views and many custom features including plantations shutters, 10 ft. ceilings, crown & base molding, security system, intercom, granite & marble counters, hand-scraped wood floors, CAT-5 wiring throughout, oversized 2+ car garage and small backyard – perfect for pets. Large Master Bedroom with sitting area, walk-incloset, spa tub, shower & double vanities. Top Rated Schools. Walk to Whole Foods, Pier & Beach.
Damira Bacic
310.346.1810 Damira@DamiraBacic.com Serving sellers & buyers in the South Bay for 25 years…
INNOVATING COMMERCIAL
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$975,000
SCOPE 2012
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1926 S. PCH 109-A S. RB MORTGAGE ISLAND
326 S. Pacific Coast Hwy, S. Redondo Beach 90277 Executive Office
116 S. Catalina Ave S. Redondo Beach 90277
1801 South Catalina S. Redondo Beach 90277
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how pinteresting! 6.01.2012 | SouthBayDigs.com 59
current pocket listings
Snyder Ins and Fin Svcs Inc Cynthia T Snyder, Agent Insurance Lic#: 0G40480 Bus: 310-546-7803 cynthia@cynthiasnyder.com
Love, hope, success, family, security. Love, hope, success, family, security.
Some things we all have in common.
There’s nobody like me to protect the things we all value. Like a good neighbor, State Farm is there.® Snyder Ins and Fin Svcs Inc ME TODAY. Some things we all have in common. CALL
Rendering of potential future homes
538 Avenue A, Unit 4-A
5100 sq.ft. Lot in
Redondo Beach
North Redondo Beach
2 Bed | 2 Bath | 1069 sq.ft.
Entitled with Plans for Construction
Pending
of 2 New Townhomes
Some things we all have in common.
Cynthia T Snyder, Agent Insurance Lic#: 0G40480 Bus: 310-546-7803 There’s nobody like cynthia@cynthiasnyder.com
There’s nobody like me to protect the things me to protect the things we all value. we all value. Like a good neighbor, State Farm is there. Like ME a good neighbor, State Farm is there.® CALL TODAY. CALL ME TODAY.
Offered at $499,000
®
Always on the lookout... to purchase lots & fixers. All cash, as-is condition. 1101022
BUY | SELL | BUILD | INVEST
Paul Kerza 310.696.9732 | Paul@PaulKerza.com www.PaulKerza.com HobinSBDigsMagBrandV1.pdf 1 4/27/12 11:12 AM
Snyder Ins and Fin Svcs Inc Agent Lic#: 0G40480 1417 N. Sepulveda Blvd., Manhattan Beach, CA 90266 Bus: 310-546-7803 | cynthia@cynthiasnyder.com State Farm, Home Office, Bloomington, IL Cynthia T Snyder,
1101022
State Farm, Home Office, Bloomington, IL
DELIVERING CALIFORNIA REAL ESTATE EXPERTISE FOR 87 YEARS
C
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Local & Global Access Re-defined
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Albert Lee Molly Hobin 310-546-2257
Amy Olivares 310-430-3969
Joan Hobin 760-341-2234
Carey Devlin 760-832-5034
310.880.0082 direct al@GibsonIntl.com
www.AlbertLee.tv DRE 01901792
Visit us online TheHobinCompany.com
60
SouthBayDigs.com | 6.01.2012
Formerly an expatriate within the high-tech industry in Asia-pacific & Europe, Albert’s business acumen, marketing expertise and global access provides tremendous value for local sellers and overseas buyers. -
UCLA ’00 동문 SAMSUNG 전자와 CISCO 전 직원 판매 및 구매와 하이 엔드 부동산의 글로벌 마케팅 제 전문 분야는 해외 바이어와 현지 판매자를 연결하는 것입
Check out South Bay Digs INTERACTIVE SCAN this QR Code!
233-235 42nd Street, Manhattan Beach www.LuxuryLivingon42nd.com 4bedroom Oceanview SFR www.3617Vista.com
$1,299,000
SIMPLE PERFECTION
$1,868,000
Cell: (310) 569-6535 | Uni@Unimayesh.com
5495 MARINE AVENUE
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B B
REAL ESTATE HAPPENS
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brittny burford 310.897.8228 brittny@shorewood.com
YOUR AGENT NEEDS TO BE THERE FOR YOU!
BrittnyBurford.com
DRE#01874928
3 BEDROOMS, 2.5 BATHS, 2200 SQ. FT.
LISTED AT $549,900 ADJACENT TO MANHATTAN BEACH – 2 MILES TO THE BEACH
YOU DON’T HAVE TO GIVE UP THE LIFESTYLE TO BUY NEAR THE BEACH. INTEREST RATES ARE AT RECORD LOWS AND HOME PRICES APPEAR TO BE ON THE RISE AGAIN. DON’T MISS THIS GOLDEN OPPORTUNITY TO OWN A PART OF THE SOUTH BAY.
611 9TH STREET | HERMOSA BEACH
Buying and selling the Beach lifestyle direct email web
310.502.7210 SK@BeachSanctuary.com CaliforniaSanctuary.com
LIVING THE HERMOSA DREAM 2580 SQ. FT. – JUST BLOCKS FROM THE BEACH
LISTED AT $1,125,000 d r i v e n t o a c c o m p l i s h y o u r r e a l e s tat e g o a l s
310.600.7983
US!
StottRealEstate@gmail.com www.LisaStott.com SHOREWOOD REALTORS
Lisa Stott 6.01.2012 | SouthBayDigs.com 61
G ina L ee ’ s bistro
photograph by paul jonason
L o c a l n u gg e t s
WRITTEN By: Quin n R o b erts
Tucked away in the Rivera Plaza along Palos Verdes Boulevard in Redondo Beach,
changes daily. The catfish, which is served with hot and sweet slaw and ponzu, even won
Gina Lee’s Bistro is easy to miss. However, with its fresh ingredients and Korean inspired
an award from the Catfish Institute of America. Some other menu highlights include:
dishes, locals continue to flock to the restaurant, which just celebrated its 16th anniversary
blackened ono with sticky fried rice ($24.95), ahi poke stir fry ($24.95) and Korean BBQ
over Mother’s Day.
flank steak ($20.95). The restaurant also offers traditional korean dishes, along with
With Asian art along the walls and bamboo plants throughout the restaurant, the decor creates a sleek, clean aesthetic that allows customers to feel comfortable in the space. “Some people just discover us after many years of living in the South Bay. The location
vegan and vegetarian entrees. “Being open so long, the hardest thing is keeping the menu interesting, yet providing the regular item menus that people expect,” Gina said. “We have to keep it interesting
is a little off the beaten track,” said Gina Lee, who owns the restaurant with her husband
for customers and for ourselves.” Gina Lee’s keeps very little on the shelves of the
and chef Scott. “With it being on Palos Verdes Boulevard, we get a lot of people on their
kitchen, choosing instead to get items delivered daily.
way home. Our location has actually been helpful, but we are a little bit of a sleeper.” With no formal training, Scott got the inspiration for each dish from his mother,
“That is one of the things that has contributed to our success,” Gina said. “It is all very fresh. If it’s fresh, we’ve got it. If it isn’t, we don’t. So, people don’t have to worry.”
who taught him everything he knows about cooking. “It is California cuisine because
With Scott and Gina understanding how many restaurant choices people have in the
of the freshness of the ingredients mixed with the Asian preparation, which I think is
South Bay, both just hope to be in the rotation of restaurants locals think of. “I’ve looked
a really good fit for this area,” Gina said. “People want that lightness. We give people
back at our original mission statement and it was all about it being a neighborhood
enough variety.”
bistro and being apart of the neighborhood,” Gina said. “It also had to do with being
Some of the most popular items on the menu continue to be the potato crusted salmon ($20.95), the whole crispy catfish ($25.95) and the bento box ($21.50), which
62
SouthBayDigs.com | 6.01.2012
warm and inviting and I feel as if I want people to have that when they walk through the door, like they are coming into my home.”
THERE IS ONLY ONE ADDRESS
steps from everything in Cabo. Hacienda Beach Club & Residences is a 22-acre, $230 million private beach club and residential community, offering resortlike amenities steps from downtown Cabo San Lucas and located on 1,600 lineal feet of prime beachfront at Medano Beach.
THE MORTGAGE FORGIVENESS DEBT RELIEF ACT OF 2007
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4 Bedroom | 3.5 Bath | 2340 sqft Designer Perfect Residence | Custom Finishes | Oceanfront
Welcome to the perfect family home-away-from-home Call 310.500.6070 now for exclusive rental offers
When I began reminding my clients at the beginning of the year that the Debt Forgiveness Act could be going away on December 31, 2012, it seemed like a long ways off. But the deadline is just 7 months away! Remember the average short sale can take anywhere from 3 to 6 months to close escrow - sometimes longer! So even if you are just thinking about short selling your home, CALL ME to discuss all your options. Consider this example of what your tax consequences could like look if you short sell your home AFTER this law expires.
See it this Sunday‌ 612 S Broadway #B Open 1-4 pm $1,060,000 Immaculate 4 bedroom, 2.5 bath townhome in premier South Redondo location. Great layout with all living areas on entry level leading to private yard and patio.
Judy Saavedra/David Rivera 310.415.2551/310.413.9663 Judy.saavedra@verizon.net david.rivera.re@gmail.com
Home Purchase Price: Home Loan Amount: Home Sale Price:
$450,000 $400,000 $200,000
Your Deficiency/Debt Forgiven: Potential Tax Liability:
$200,000 $50,000
($200,000 x 25% assumed tax rate the maximum tax rate is 35%)
appraisals. Diana Roberts
appraiser | broker
310.980.3426
DO YOU QUALIFY? Call me to set up a no obligation private confidential consultation to determine what options you may have.
Call now! Before Your Time Runs out.
Lenny LaRocca DRE : 01405276 | OREA: AT044838
Shorewood Realtors Business Professional/Realtor
310.698.6444 x1 Check out South Bay Digs INTERACTIVE SCAN this QR Code!
www.LaRoccaRealEstate.com LennyLaRocca@gmail.com
6.01.2012 | SouthBayDigs.com  63
3 bedrooms | 2 bathrooms 1,650 sf | 4,485 sf lot
Clean and crisp beach craftsman chic!
Robert Reyes
SOLD with multiple offers in 7 days!
Cell: 310-308-8778 Email: beachforsale@yahoo.com
See how robert will aggressively market your home!
DRE 0104244
www.1244fifteenth.com
Selling Iconic SoCal Beach Real Estate
boutique Real Estate
TIMING THE MARKET
Exclusive Homes
Income units are in demand
Coastline Values
Multiple offers are moving the market
New Construction Developments
Stealth Selling
Current “off market” deals
Kevin Nolan
Scan for more Services
Scan the code to see if the time is right for you!
Realtor 310-993-7823 KevinNolanHomes@gmail.com DRE 01119491
COMING SOON Golden Hills Home, 5 bed 3.5 baths, 2700 sf w/city views on a Private Street. Jefferson School district just in time for Fall 2012. Call for OFF MARKET details.
Karina Pacific 310.529.4292
After living in the Southbay for almost 15 years and raising a daughter, she knows and loves the community, its resources, real estate and amazing schools. Karina would be happy to share with you!
Karina@karinapacific.com KarinaPacific.com DRE 01896081
64
SouthBayDigs.com | 6.01.2012
say hello to taya Taya is thrilled to join the professional NW Real Estate team at their Hermosa Beach office. Stop by our Hermosa Beach office at 200 Pier Ave #204 and say hello. . . you’ll see why her sales experience, combined with her work ethic and charisma give her the foundation for a fantastic future in real estate, here in the South Bay.
TAYA ASIMOS 310.431.8251
Taya@HermosaLiving.com www.HermosaLiving.com DRE 01751317
Everybody is hip to South Bay Digs Magazine YOUR REAL ESTATE TEAM At NW REAL ESTATE IN HERMOSA BEACH HAS EVERY NEW EDITION AVAILABLE FOR YOU
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Find Your Place 200 Pier Avenue HERMOSA BEACH
local real estate happens here
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The Right PRICE. HOW MANY HOMES HAVE YOU MISSED THE MARKET IS MOVING FASTER NOW •
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I will do all this and more for you. I have a systematic search system which prevents missed opportunities. I am on it for you 7 days a week.
SAMPLE OFF MLS PROPERITES AVAILABLE: (OFF MLS = NOT AVAILABLE TO PUBLIC YET)
With over 20 years of building experience, we find that the highest level of customer service is just as important as the utilization of the highest quality materials and workmanship. Having worked with many top architects and designers, we are confident in our ability to make the building process as seamless and enjoyable as possible. Working with our clients is an essential part of each new project, and our ability to adapt and modify to fit each client’s individual preference and aesthetic has provided us with long lasting relationships. Our scope and expertise ranges from kitchen remodels to custom homes, and every project is afforded the same level of service and integrity.
SEAN ICAZA general contractor 310.480.0385 sean@icazaconstruction.com 66
SouthBayDigs.com | 6.01.2012
MANHATTAN BEACH: MANHATTAN VILLAGE, BEAUTIFUL PLAN 1, IN THE LOW 800,000’S SOUTH REDONDO: TOWNHOME, 3BDR, 2 BA UPGRADED, $600,000 OR OFFER
I’ll find it...
and get it at the right price!
David Constable, Associate Broker Office: 310.465.1065 Cell: 310.344.8434 David@SouthBayRealEstateSearch.com www.SouthBayRealEstateSearch.com
DRE 00443950
Warm Contemporary in the Heart of the Gas Lamp Area 3 Bedrooms, 2 Full Baths, 1 ¾ Bath and 1 ½ Bath This unique contemporary was built in 2009 by Rochford Construction. It features a dramatic 2 level entry with wood and metal detail, wide plank Walnut and limestone flooring, exposed beam ceilings and exquisite attention to detail. The top level is open and invites indoor / outdoor entertaining; ideal for a beach home. 3 spacious bedrooms, 2 full, one 3/4 and one 1/2 baths, approx. 1902 square feet . . . and a perfect location, close to the beach and downtown.
428 21st Place, manhattan beach
Kris Terrill 310-749-5158
Scan the code to see property video
www.beachcitieshomes.com kristerrill@gmail.com DRe 01243611
INTERIOR DESIGN
Experienced Lenders Help Turn Plans into Reality.
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“Attractive and tasteful design can happen only within the context of a successful collaboration between designer and client.” - Christine Stahlberg, ASID Allied Member
From assessing land and devising site plans to managing construction, home builders know that experience is essential. Experience is also crucial when it comes to lending. Our seasoned bankers understand the needs of speculative home builders and can offer: • Professional staff with decades of combined local construction lending experience • Lot acquisition loans of $1,000,000 or more • Construction loans of $5,000,000 or more • Competitive rates, fees and terms Connect with Bill Brown Senior Vice President (310) 258-9320 (Office) william.brown@calbt.com
310.889.5259 CMSInteriorDesign.com
All programs are subject to qualification and change without prior notice. Additional applicable disclosures for specific loan products will be provided upon application. This is not a commitment to lend. Loans are subject to approval in accordance with Bank eligibility and lending guidelines. See a Bank representative for full details. © 2012 California Bank & Trust. All rights reserved. CL-Ad7346-04/12
MEMBER FDIC
6.01.2012 | SouthBayDigs.com 67
Local Market Trends market update
Manhattan
Hermosa Redondo Redondo
Beach Beach Beach Beach
68
90266
90254
90277
90278
This Week… The median list price for Single Family Homes in Manhattan Beach this week is $1,868,000. A total of 105 homes have been on the market for an average of 115 days with an average price per sq ft of $774.
This Week… The median list price for Single Family Homes in Hermosa Beach this week is $1,299,500. A total of 42 homes have been on the market for an average of 117 days with an average price per sq ft of $655.
This Week… The median list price for Single Family Homes in Redondo Beach this week is $799,000. A total of 111 homes have been on the market for an average of 159 days with an average price per sq ft of $469.
This Week… The median list price for Single Family Homes in Redondo Beach this week is $639,900. A total of 111 homes have been on the market for an average of 156 days with an average price per sq ft of $432.
Supply and Demand: Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market into the Seller’s zone, and we are likely to see upward pressure on pricing.
Supply and Demand: The market has shown some evidence of slowing recently with days-on-market climbing, providing mostly bearish signs for the market. Both prices and inventory levels are relatively unchanged in recent weeks. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Supply and Demand: Homes sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Supply and Demand: Homes sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Price and Value: On a Price per Square Foot basis, the value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Price and Value: While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
Price and Value: The market for 90277 continues to bounce again this week and we’re a long way from the market’s high point. Inventory is tightening and days-on-market is falling – these are relatively bullish signs for prices. The price per square foot and median list price have both been reasonably stagnant.
Price and Value: The market for 90278 continues to bounce again this week and we’re a long way from the market’s high point. Inventory is tightening and days-on-market is falling – these are relatively bullish signs for prices. The price per square foot and median list price have both been reasonably stagnant.
Characteristics per Quartile:
Characteristics per Quartile:
Characteristics per Quartile:
Characteristics per Quartile:
Most expensive 25% of homes: Median Price: $3,897,000 Median Sq.ft: 3,643 Total Inventory: 26 Median Age: 12 Avg. Days on Market: 152
Most expensive 25% of homes: Median Price: $2,974,500 Median Sq.ft: 3,729 Total Inventory: 10 Median Age: 8 Avg. Days on Market: 151
Most expensive 25% of homes: Median Price: $1,700,000 Median Sq.ft: 3,600 Total Inventory: 27 Median Age: 10 Avg. Days on Market: 187
Most expensive 25% of homes: Median Price: $1,074,900 Median Sq.ft: 2,650 Total Inventory: 11 Median Age: 6 Avg. Days on Market: 55
Upper-middle 25% of homes: Median Price: $2,244,000 Median Sq.ft: 3,491 Total Inventory: 26 Median Age: 12 Avg. Days on Market: 106
Upper-middle 25% of homes: Median Price: $1,694,500 Median Sq.ft: 2,828 Total Inventory: 10 Median Age: 225 Avg. Days on Market: 119
Upper-middle 25% of homes: Median Price: $1,012,500 Median Sq.ft: 2,270 Total Inventory: 28 Median Age: 53 Avg. Days on Market: 94
Upper-middle 25% of homes: Median Price: $669,000 Median Sq.ft: 1,796 Total Inventory: 11 Median Age: 32 Avg. Days on Market: 211
Lower-middle 25% of homes: Median Price: $1,464,000 Median Sq.ft: 2,096 Total Inventory: 26 Median Age: 48 Avg. Days on Market: 80
Lower-middle 25% of homes: Median Price: $1,099,000 Median Sq.ft: 1,638 Total Inventory: 11 Median Age: 65 Avg. Days on Market: 56
Lower-middle 25% of homes: Median Price: $669,000 Median Sq.ft: 1,536 Total Inventory: 28 Median Age: 57 Avg. Days on Market: 145
Lower-middle 25% of homes: Median Price: $574,900 Median Sq.ft: 1,412 Total Inventory: 11 Median Age: 57 Avg. Days on Market: 131
Least expensive 25% of homes: Median Price: $899,000 Median Sq.ft: 1,089 Total Inventory: 27 Median Age: 59 Avg. Days on Market: 121
Least expensive 25% of homes: Median Price: $759,000 Median Sq.ft: 1,086 Total Inventory: 11 Median Age: 56 Avg. Days on Market: 146
Least expensive 25% of homes: Median Price: $514,950 Median Sq.ft: 1,026 Total Inventory: 28 Median Age: 61 Avg. Days on Market: 210
Least expensive 25% of homes: Median Price: $474,500 Median Sq.ft: 902 Total Inventory: 12 Median Age: 60 Avg. Days on Market: 223
SouthBayDigs.com | 6.01.2012
*Real Estate Data provided by Altos Research LLC. All information contained above & herein is based on properties currently listed for sale and available publicly. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Nothing in this report or any other report in this magazine is a recommendation to buy or sell real estate.
Palos Verdes
Rancho Palos
Rolling
Rolling Hills
90274
90275
90274
90274
This Week… The median list price for Single Family Homes in Palos Verdes Estates this week is $1,999,000. A total of 75 homes have been on the market for an average of 157 days with an average price per sq ft of $555.
This Week… The median list price for Single Family Homes in Rancho Palos Verdes this week is $1,099,900. A total of 143 homes have been on the market for an average of 159 days with an average price per sq ft of $448.
This Week… The median list price for Single Family Homes in Rolling Hills this week is $4,750,000. A total of 19 homes have been on the market for an average of 101 days with an average price per sq ft of $841.
This Week… The median list price for Single Family Homes in Rolling Hills Estates this week is $1,339,000. A total of 28 homes have been on the market for an average of 86 days with an average price per sq ft of $484.
Supply and Demand: While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward. Days-on-market is trending downward even as more properties come available – these are positive trends for the market.
Supply and Demand: The market has shown some evidence of slowing recently. The market has been consistently cool for several weeks. Demand level is low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Both prices and inventory levels are relatively unchanged in recent weeks.
Supply and Demand: Despite the fact that there is a relatively high amount of available inventory, the Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools further, the price trend is likely to reverse.
Supply and Demand: Despite the fact that there is a relatively high amount of available inventory, the Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools further, the price trend is likely to reverse. Inventory has been tightening and days-on-market have increased lately.
Estates Verdes
Price and Value: This is a market where watching the value metrics can provide insight that you don’t get a first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.
Hills
Price and Value: Price and Value:
Estates
While this week the median price didn’t fluctuate much, prices continue to sit at all time highs. With inventory trending up but days-on-market trending down, conditions do not seem to have strong up or down pull. The market appears to be placing an increasing premium on homes. While list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities.
While this week the median price didn’t fluctuate much, prices continue to sit at all time highs. With inventory trending up but days-on-market trending down, conditions do not seem to have strong up or down pull. The market appears to be placing an increasing premium on homes. While list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities.
Characteristics per Quartile:
Characteristics per Quartile:
Characteristics per Quartile:
Characteristics per Quartile:
Most expensive 25% of homes: Median Price: $3,815,000 Median Sq.ft: 5,700 Total Inventory: 18 Median Age: 14 Avg. Days on Market: 224
Most expensive 25% of homes: Median Price: $2,599,000 Median Sq.ft: 4,553 Total Inventory: 35 Median Age: 21 Avg. Days on Market: 242
Most expensive 25% of homes: Median Price: $9,494,000 Median Sq.ft: 11,996 Total Inventory: 4 Median Age: 22 Avg. Days on Market: 104
Most expensive 25% of homes: Median Price: $2,795,000 Median Sq.ft: 4,260 Total Inventory: 7 Median Age: 48 Avg. Days on Market: 62
Upper-middle 25% of homes: Median Price: $2,395,000 Median Sq.ft: 4,350 Total Inventory: 19 Median Age: 28 Avg. Days on Market: 145
Upper-middle 25% of homes: Median Price: $1,295,000 Median Sq.ft: 2,848 Total Inventory: 36 Median Age: 46 Avg. Days on Market: 162
Upper-middle 25% of homes: Median Price: $5,976,000 Median Sq.ft: 5,648 Total Inventory: 5 Median Age: 12 Avg. Days on Market: 156
Upper-middle 25% of homes: Median Price: $1,399,000 Median Sq.ft: 3,403 Total Inventory: 7 Median Age: 38 Avg. Days on Market: 109
Lower-middle 25% of homes: Median Price: $1,549,000 Median Sq.ft: 2,996 Total Inventory: 19 Median Age: 52 Avg. Days on Market: 104
Lower-middle 25% of homes: Median Price: $954,500 Median Sq.ft: 2,374 Total Inventory: 36 Median Age: 49 Avg. Days on Market: 126
Lower-middle 25% of homes: Median Price: $4,500,000 Median Sq.ft: 4,147 Total Inventory: 5 Median Age: 42 Avg. Days on Market: 83
Lower-middle 25% of homes: Median Price: $1,250,000 Median Sq.ft: 2,650 Total Inventory: 7 Median Age: 55 Avg. Days on Market: 62
Least expensive 25% of homes: Median Price: $1,099,000 Median Sq.ft: 2,000 Total Inventory: 19 Median Age: 54 Avg. Days on Market: 158
Least expensive 25% of homes: Median Price: $772,000 Median Sq.ft: 1,670 Total Inventory: 36 Median Age: 54 Avg. Days on Market: 106
Least expensive 25% of homes: Median Price: $2,068,000 Median Sq.ft: 3,000 Total Inventory: 5 Median Age: 50 Avg. Days on Market: 61
Least expensive 25% of homes: Median Price: $899,999 Median Sq.ft: 1,871 Total Inventory: 7 Median Age: 56 Avg. Days on Market: 113
Price and Value: Price trends in the zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently. In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result, the value one can buy stays the same.
6.01.2012 | SouthBayDigs.com 69
Community. Strength. Independence. Shorewood Realtors is one of the top five largest real estate firms in Los Angeles County and in the top 58 nationally. We are the South Bay’s oldest and largest independently owned real estate firm, with humble beginnings in 1969 to today having seven offices and more than 350 realtors serving the beach cities. Our highly-trained real estate agents will make your home sale or purchase a seamless, trouble-free transaction— this is how we define our success.
Experience the difference.
H E R M O S A B E AC H 950 ARTESIA BLVD. E L S EGU N D O 431 MAIN ST. MAN HAT TAN B E AC H 917 MANHATTAN BEACH BLVD. MAN HAT TAN B E AC H 3300 HIGHLAND AVE. PALO S V E R D ES ES TAT ES 16 MALAGA COVE R E D O N D O B E AC H 1009 TORRANCE BLVD.
310.376.8871 310.322.4900 310.545.8401 310.546.7561 310.698.1555 310.316.8464
Experience the Difference.
EVERYTHING YOU HOPE TO FIND IN A LARGE MANHATTAN BEACH HOME 6 BEDROOMS, 5 BATHS WITH A 500 SF BASEMENT 4 CAR GARAGE + BONUS OFFICE, POOL & SPA •
Tomaro Designed & Custom Built in 1998
•
4,519 sf home on a 50 x 150 private corner lot
•
South facing windows draw light into main living areas & open to yard
•
Pool & spa in the large, custom landscaped back yard
•
Great yard for entertaining with Outdoor kitchen & patios
•
Ultra custom kitchen with well-equipped butler’s pantry & 2 islands!
•
Main level bedroom or office/den
•
Central Air Conditioning and Central Vacuum
•
Custom ceiling insets with ambient lighting accents throughout
•
Expansive master suite with 2 balconies & city/mountain views
•
Gorgeous oak and travertine flooring plus new carpet throughout
$2,289,000
ROSS COHAN
SCAN FOR A VIRTUAL TOUR
310.993.3014 32nd Year At Shorewood Realtors Broker Associate ross@rosscohan.com DRE 00785023
Hermosa Beach 950 Artesia Blvd. 310.376.8871
El Segundo 431 Main St. 310.322.4900
Manhattan Beach 917 Manhattan Beach Blvd. 310.545.8401
Manhattan Beach 3300 Highland Ave. 310.546.7561
Palos Verdes Estates 16 Malaga Cove 310.698.1555
Redondo Beach 1009 Torrance Blvd. 310.316.8464
Experience the Difference.
2409 Huntington Lane, Unit B, redondo beach A PLACE TO COME HOME TO - 5538 EMERALD ST., TORRANCE
Detached, rear townhome 4 bedrooms, 2.5 baths, 2,516 sq.ft.* with private, landscaped yard Inactive HOA! No fees! Custom Mediterranean built by Casner in 2005 Detailed finish work throughout! Living room with fireplace, Gourmet kitchen open to dining area Large master suite with fireplace & bonus office area Luxurious master bath has totally separate shower & vanity areas Oversized 2 car garage + on site guest parking space
Single level home in highly desirable West High neighborhood. 3 bdrm, 2 bath, family room; 1681 sq. ft. on 6800 sq. ft. lot. Family room opens to large covered patio and backyard with expansive city views. Great flowing floorplan - ideal for entertainment! Just a few blocks to excellent Torrance schools: Victor Elementary, Lynn Middle, West High, and Bishop Montgomery. Quiet, peaceful location yet near shopping and restaurants. Less than one mile to beach.
$729,000
CARL AND ARDA
$859,000
E x p e r t G u i da n c e s i n c e 1 9 9 1
CHERYLE USHKOW
Open House Sun 6/3, 1-4 pm
310.344.0183 clushkow@yahoo.com *BUYER TO VERIFY
dre 01296466
310.543.4788
www.CarlandArda.com info@CarlandArda.com
Carl & Arda Clark DRE 01181754, DRE 01097490
8 HOMES AVAILABLE!
726 N. Guadalupe Ave, Unit B, South Redondo Beach Offering 3 bedrooms, 2.5 baths, Almost 2,000 sq.ft. Detached rear townhome with private yard, Soaring sunlit open living space All bedrooms on upper level, Laundry room on upper level Master has oversized windows and vaulted ceilings Custom walk-in closet in master bedroom Travertine and mosaic tile floors, Recently remodeled kitchen with granite counters New Kenmore Elite double oven, Open & light formal dining area Walking distance to sought after Beryl Heights Elementary Easy walk to shops, restaurants and the beach
JOE SAFRANEK 310.897.4719 HomesByJoe@gmail.com dre 01434682
Hermosa Beach 950 Artesia Blvd. 310.376.8871
Hermosa Beach 986 Artesia Blvd. 310.406.2020
$680,000 OPEN HOUSE SATURDAYS AND SUNDAYS 2-4PM
El Segundo 431 Main St. 310.322.4900
SOUTH BAY LUXURY TOWNHOMES FOR LEASE - $2,250/MONTH SELLING? DOWNSIZING? THIS IS A BEAUTIFUL OPTION FOR YOU TO CONSIDER AS YOUR NEXT MOVE!
Brand new 2012 construction 3 bedrooms/2.75 baths, attached 2-car garage 2 master suites upstairs, 1 bed+bath with a large shower downstairs Includes: Gardening/communal landscaping, basic water, and trash OPEN HOUSE Granite countertops, double sink full baths, elegant cabinetry SATURDAYS AND 55 years and up (primary resident) SUNDAYS 2-4PM Detached Townhomes, each over 1,800 sq.ft.
FOR 24 HR INFO, PLEASE CALL: (800) 608-1126 PROPERTY CODE: 014 Manhattan Beach 917 Manhattan Beach Blvd. 310.545.8401
Manhattan Beach 3300 Highland Ave. 310.546.7561
DIANE CHANG
310.346.8130
diane.chang@shorewood.com dianechangrealty.com DRE 01897639
Palos Verdes Estates 16 Malaga Cove 310.698.1555
Redondo Beach 1009 Torrance Blvd. 310.316.8464
Experience the Difference. 2416 HARRIMAN LANE, UNIT A
REDONDO BEACH •
4 bedrooms, 2.5 baths (bedrooms all on upper level)
•
Front “A” unit townhome
•
2,138 sq.ft. FREE STANDING, with no common walls
•
Private backyard with patio!
•
Move in ready with updated paint and carpet
•
Ceiling fans, mirrored closet doors, 2 fireplaces & more
•
NO HOA fees!
Offered at $720,000 NOW ACCEPTING BACKUP OFFERS!
5401 W 149th Place #11 (Manhattan Beach adajcent) 3 Bedrooms, 2.5 Baths I 1,790 sf End Unit I Former MODEL Home!
Just reduced $10,000! Seller will consider carrying a second & paying 1 year HOA dues! Built in 2007, the gated Fusion community offers contemporary living at an affordable price! Former model home boasts coveted “J” floorplan featuring extensive upgrades including custom window treatments & designer paint colors. Light & bright end unit overlooking recreation area. Gourmet kitchen features granite island & countertops plus Whirlpool appliances. Open living space with recessed lighting & custom tile flooring flows to large balcony perfect for entertaining & BBQs! Family room offers entertainment center alcove & surround sound speakers. Luxurious Master suite boasts crown molding, walk-in closet, dual sinks, separate tub & shower. Full laundry area inside & near the bedrooms! Attached 2 car garage with direct access, storage area & 20 amp circuit for tools. Low, low HOA dues get so many great amenities which include pool, spa, tot lot, basketball court, outdoor fitness stations, plentiful guest parking & much more. Fusion is also small pet friendly!
TRULY A GREAT VALUE FOR SO MANY BONUSES!
Offered at $539,900
tn
TRACEY NESICOLACI m ov e w i t h m e
310.717.1822
TRACEY@SHOREWOOD.COM HomesbyTracey.com DRE # 01751750
BUY. MOVE. RELAX. ENJOY.—THAT’S ALL THERE IS TO IT! 3 8 0 PA S E O D E G R A C I A , R E D O N D O B E A C H • • • • • •
3 bed, 2 bath single level home set back for extra privacy. Great flowing floorplan with bonus family room and mud room. Large mahogany deck overlooking lush, peaceful yard. Wood burning fireplace. Top-of-the-line designer finishes. V groove Walnut peg floors throughout. Quiet neighborhood close to beach, shops, dining and schools.
Offered at $999,000 Your Real Estate Consultant for Life...
PAM SALZILLO
GABRIELLE HERENDEEN 310-433-7313 Direct
a name to remember
PamelaSalzillo@verizon.net
www.GoGabby.com
Hermosa Beach 950 Artesia Blvd. 310.376.8871
Hermosa Beach 986 Artesia Blvd. 310.406.2020
310.990.9889
OPEN SUNDAYS 1-4 PM
Gabby@GoGabby.com
www.PamSalzillo.com
El Segundo 431 Main St. 310.322.4900
Manhattan Beach 917 Manhattan Beach Blvd. 310.545.8401
Manhattan Beach 3300 Highland Ave. 310.546.7561
Palos Verdes Estates 16 Malaga Cove 310.698.1555
Redondo Beach 1009 Torrance Blvd. 310.316.8464
RE/MAX EXECS/Beach Cities Realty RE/MAX PV EXECS / BEACH CITIES REALTY sells between $30 and $50 Million every week ---BEVERLY HILLS 9454 Wilshire Blvd., Suite 600 Beverly Hills, CA 90212 Phone: 310-205-0050 Fax: 310-559-5587
WEST LOS ANGELES 2999 Overland Ave., Suite 104 West Los Angeles, CA 90064 Phone: 310-559-5570 Fax: 310-559-5587
OFFICE LOCATIONS
SANTA MONICA 620 Santa Monica Blvd., Suite B Santa Monica, CA 90401 Phone: 310-264-2225 Fax: 310-264-2200 MARINA DEL REY / VENICE 155 Washington Blvd. Marina Del Rey, CA 90292 Phone: 310-577-5300 Fax: 310-577-5301 EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310-322-1425 Fax: 310-322-5724 MANHATTAN BEACH 400 S Sepulveda Blvd., Suite 100 Manhattan Beach, CA 90266 Phone: 310-376-2225 Fax: 310-376-6522 REDONDO BEACH 1720 S Elena Redondo Beach, CA 90277 Phone: 310-378-7747 Fax: 310-378-1997 SOUTH BAY 23740 Hawthorne Blvd., 2nd Floor Torrance, CA 90505 Phone: 310-378-9889 Fax: 310-378-2745 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Phone: 310-378-9494 Fax: 310-373-3427 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310-544-9999 Fax: 310-703-1999
Discover COMMERCIAL OFFICES LOS ANGELES 550 South Hope Street, Suite #500 Los Angeles, CA 90071 Phone: 213-817-1000
SOUTH BAY 23740 Hawthorne Blvd., 2nd Floor Torrance, CA 90505 Phone: 310-802-2500
MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310-831-0222 Fax: 310-831-1684 RANCHO PALOS VERDES 28901 Western Ave. Rancho Palos Verdes, CA 90275 Phone: 310-514-1364 Fax: 310-514-1420 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732 Phone: 310-831-0150 Fax: 310-831-0152
RE/MAXÂŽ
PALOS VERDES REALTY/EXECS BEACH CITIES REALTY
www.150thevlg2.com
$759,000
DISCOVER THE RE/MAX COLLECTION
www.220thevlg306.com
www.240thevlg204.com
$579,000
$389,000
Dock Yourself at One of these Ocean Front Pads!
ADRIENNE RE/MAX Hall of Fame 1720 S. Elena Redondo Beach, CA 90277 Direct: 310-386-7700
There’s a beach house for everyone . . .
DRE No. 00785436
642-644 W. Walnut Ave, El Segundo Rare El Segundo Duplex on huge 11,699 sqft. lot. Front unit: 3 bedroom, 2 bath home with 2 car attached garage. Open kitchen with conveniently attached laundry room. Separate dining room overlooks enclosed, private backyard. Rear unit: charming, 2 bedroom, 1 bath California Bungalow with eat-in kitchen. Huge park-like backyard with detached, oversized 1 car garage converted to bonus room and storage. Long driveway for plenty of off street parking.
30365 Via Rivera, rancho palos verdes Located in the heart of Pointe Vincente is this luxuriously upgraded 5 bedroom, 3 bath home. Black granite counter kitchen opens to large family room with fireplace and overlooks pool & spa and ocean view. Great floorplan with direct access to 3 car garage with great overhead storage, 1 bedroom and 1 bathroom on the main floor and 4 bedrooms and two baths up top. The master suite is massive with an elegant fireplace and opens to a balcony that overlooks the pool and ocean. The master bathroom is sumptuous with dual sinks and a spa tub both set in black granite countertops and gold plated fixtures.
$929,000
$1,299,000
SEAN & JON RODRIGUEZ 310-373-2549 - Direct - 310-938-4622 TheRodriguezFamily@cox.net
W W W. P V H O M E S . C O M
An extraordinary agent AN EXTRAORDINARY BRAND.
Equestrian Estate, Rolling Hills Breathtaking views surround this 4 Bedroom, 4 Bath home, from the majestic Queen’s Necklace view of the Santa Monica Bay, to twinkling city lights below all the way to world famous downtown skyline, and across to the regal views of San Pedro’s impressive Port of Los Angeles. Pristine stables and private park-like settings are centuries away from the city below. Five main bridle trails provide convenient access for one’s equestrian enjoyment. The quiet, serene atmosphere are experienced while strolling through the grounds of this magnificent ranch-style estate.
$3,495,000
WANTED:
Jeannie Penner-More REALTOR
Older Homes and Lots. I have several Development Opportunities pending. Fantastic KOREATOWN 19-Unit Development Opportunity! Great current income, no rent control issues and fully entitled and ready to build.
310.259.6570
Jeannieshomes@aol.com www.JeanniesHomes.com
DRE: 01076415
“ T WO DECADES OF OPENING DOORS”
Featured Cover Home
705 VIA DEL MONTE, PALOS VERDES ESTATES Breathtaking views of the Queen’s Necklace, ocean white water, & downtown LA by day & twinkling city lights by night can be enjoyed from this Californian Mediterranean Style Home. The floor plan is laid out in an easy flowing “U” shape around the outdoor patio with 9 sets of French doors leading out to it. Featuring 4,070 square feet of living space with 4 BD & 3 BA & 2 half baths plus an office, this home with French doors /windows throughout, boasts an abundance of natural light. Through the front doors you will be welcomed by a grand hallway that leads into the formal living rm. & family rm.w/limestone fireplace perfect for cozy evenings. Large chef’s kitchen completely remodeled late 2010 equipped with top of the line appliances, custom cabinetry, new lighting, flooring & a fireplace! From the kitchen via an archway is the formal dining room with built in cabinetry. On the upper level is the master suite w/ large en suite & dressing room as well as 2 additional bedrooms. On ground level are guest bedroom with bath. The large patio with a water feature is the perfect setting for entertaining guests /outdoor dining. Other features are 3-car garage; large driveway; wine cellar; gym room; pool/spa & balconies overlooking views. All this and an 11,416 SF lot!
$2,595,000 BROKER’S OPEN JUNE 5TH - 11-1PM
Download a free bar code reader app for your phone, open the app, point your camera phone at the bar code and follow the instructions.
Presented by… palos verdes office manhattan beach office
310.698.4545 310.379.2167
www. RajuSells .com DRE: 00874072
LIS NEW TI NG !
PALOS VERDES ESTATES
Malaga Cove Beauty • Ocean, picturesque views of trees & city lights • Living, family & dining rooms w/ French doors • Large master w/ ocean views; walk-in closet & spacious bath • Kitchen w/ butcher block center island, Thermador appliances & distressed wood cabinets • Private park-like backyard • 3-car garage & wine cellar
5 BD & 4.5 BA~ 4,600 SF ~ 13,077 SF Lot
$2,600,000
ROLLING HILLS
Breathtaking Ocean and City Lights Views! This custom built home designed by famous architect Cliff May boasts cathedral ceilings, slate and Brazilian cherry hardwood floors, floor to ceiling glass throughout, this home offers a very open and airy feeling. Featuring an open kitchen that has been completely remodeled with new counter-tops and cabinets, a fireplace shared with the family room. Formal living & dining rooms with sliding doors leading out to the backyard and magnificent views. Through a wide hallway are 3 bedrooms and an office. Separate guest house with 2 bedrooms, a sitting area and full bathroom with gorgeous views. There is also a barn that is currently used as an art studio (that is not included in the sq. ft. of the residence). Beautiful newly landscaped grounds, grassy backyard that includes a natural stone patio and a spa with ample room for a pool, numerous fruit trees all set within a 46,609 sq. ft. lot
PALOS VERDES ESTATES
Amazing Queen’s Necklace, Ocean & City Views! • Gated estate w/ 5 BD & 4 BA; 4,700 SF living space • 1.13 acre lot; pool overlooking ocean / city views • Living, family, dining & breakfast area • Large Master suite with 2 walk in closets & large bath • Lush, green landscaped grounds w/ outdoor BBQ: 3-car garage • Crown moldings; french doors throughout
5 BD, 3 BA & 2 half baths ~ 4,647 sq. ft. of living space. ~46,609 sq. ft. lot
$3,599,000
$4,999,000
www.RajuSells .com
A An $90 PPR nu K OX al Gr . In os co s me !
Hermosa Beach Walkstreet Location Next to the Strand
Redondo Beach Prime Beachfront Income Property
Redondo Beach Hollywood Riviera Beauty
3 BD & 4 BA ~ 2,520 sq. ft. on 2,863 sq. ft. lot
2 BD & 1 BA x 3 units, 3 BD & 1 BA x 1 unit Total 3,690 sq. ft. ~ 7,270 sq. ft. lot
4 BD & 3.5 BA ~3,684 sq. ft. on 7,710 sq. ft. lot
$2,299,000
$2,999,000
$1,999,000
Manhattan Beach Beautiful Tree Section Craftsman Style
Manhattan Beach Mediterranean Style New Construction
Palos Verdes Estates Lunada Bay Move-In Ready
5 BD & 4.5 BA ~ 3,096 sq. ft. on 4,484 sq. ft. lot
5 BD & 4.5 BA ~ 3,200 sq. ft. on 4,640 sq. ft. lot
5 BD & 5 BA ~ 5,310 sq. ft. on 17,543 sq. ft. lot
$1,999,000
$1,999,900
$1,999,000
Palos Verdes Estates Monte Malaga New Home!
Westwood Custom Built Home in Little Holmby
Torrance Designer Perfect Southwood Beauty
4 BD & 3.5 BA ~ 2,536 sq. ft. on 9,888 sq. ft. lot
6 BD 5.5 BA ~ 5,655 sq. ft. on 8,121 sq. ft. lot
3 BD & 2 BA ~ 1,748 sq. ft. on 6,478 sq. ft. lot
$1,799,000
$3,999,000
$749,900
palos verdes office manhattan beach office
310.698.4545 310.379.2167
www. RajuSells .com
Palos Verdes Estates 2240ViaLaBrea.com
$3,279,000
Manhattan Beach 3528Palm.com
$925,000
Redondo Beach 816Esplanade.com
$1,499,000
Palos Verdes Estates 2863ViaVictoria.com
$2,099,000
THE EDLER GROUP Local Touch, Global Reach
VIEW ALL PROPERTIES - THE NEW EDLERGROUP.COM
Office: (310) 421-2814 Fax: (310) 265-8889
Palos Verdes Estates 564ViaMedia.com
$2,695,000
Palos Verdes Estates 145RockyPointroad.com
$5,300,000
Rolling Hills Estates 35Moccassin.com
$1,399,000
Redondo Beach 423AvenueG.com
$489,000
DARIN DeRENZIS
KITTY EDLER
RICK EDLER
Direct: (310) 418-6210
Direct: (310) 283-8790
Direct: (310) 872-4333
darin.derenzis@peninsulasir.com DRE# 01760239
kitty.edler@peninsulasir.com DRE# 00800837
rick.edler@peninsulasir.com DRE# 01113145
TOTAL TRANSPARENC Y With the rates that we offer, there is nothing to hide. We provide our clients honest answers, sound advice and exclusive programs.
Recent Client Testimonial: “We want to thank you for your exceptional service throughout our loan and home purchase transaction. When we first read about your ability to handle VA loans in South Bay Digs magazine, we had a feeling that you were the perfect person for us. Our first conversation with you confirmed our expectations. From there, the entire lending process with you went so smoothly and we benefited greatly from your expertise.You had your finger on the pulse of interest rates and were able to lock us in at the best rate before rates moved up. Under your guidance, everything fell nicely into place. It was the polar opposite to the brutal refinance we did with another local lender and we wish we had known you sooner. “ - Jason and Crystal - Manhattan Beach Welcome to Watermark: Transparency and solutions are the foundation of my success, and I promise both to each and every client. While other lenders focus on feel good services, I focus on the financing. In an industry that hasn’t had a great reputation over the past few years, I take pride in knowing that I’ve gained the trust and respect of my clients. In today’s market the most important thing when obtaining a home loan is the mortgage professional you work with and the resources that they have at their disposal. Whether you have a simple conventional purchase, or a complex Jumbo transaction, feel free to call me at anytime and find out why Watermark is right for you.
Regan Hagestad - Managing Director of Mortgage Banking 310-607-0131 I rhagestad@watermarkhomeloans.com I www.welcometoregan.com
EXCEPTIONAL rates We encourage you to compare our interest rates and programs with other local lenders. Then call us to experience the difference in service.
30 Year Fixed up to $2,000,000 4.375% (4.392% APR) No Points Conforming loans with No points
Jumbo loans with No points
30 year fixed up to $417,000 3.625% (3.712% APR) 30 year fixed up to $625,500 3.875% (3.949% APR) 15 year fixed up to $625,500 3.25% (3.318% APR)
5 year fixed ARM up to $2,000,000 2.875% (3.144% APR) 10 year fixed ARM up to $2,000,000 3.625% (3.434% APR) 5 year fixed ARM up to $5,000,000 3.25% (3.325% APR)
FHA loans with No points
VA loans with No points
30 year fixed FHA up to $729,750 3.75% (4.301% APR)
30 year fixed VA up to $1,500,000 3.75% (3.898% APR) Rates Effictive 5-25-12
Call me personally for a private consultation
Regan Hagestad 310-607-0131 www.welcometoregan.com Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Some restrictions may apply. Based on the purchase/refinance of a primary residence. Credit and collateral subject to approval. Loan to value, debt to income and cash-out restrictions may apply. Programs, rates, terms and conditions subject to change without notice. Please remember that we don’t have all your information, so this does not constitute a commitment to lend. Therefore, the rate and payment results may not reflect your actual situation. To get more accurate and personalized results, please call (800) 357-4077 to talk to one of our mortgage bankers .Watermark Capital Inc. 16485 Laguna Canyon Rd. #205 Irvine, CA 92618 DRE license number 01523306 NMLS ID: 1838
PRIVATE MORTGAGE BANKING TEAM
Service. Knowledge. Partnership.
the right team for the right loan.
Nathan Staggs
Eli Fairfield
NMLS# 870768
NMLS# 411752
Mortgage Consultant
First Vice President
310.367.3717 Nate@PMBteam.com
310.227.3359 Eli@PMBteam.com
www.PMBteam.com
www.PMBteam.com
(COMING SOON...)
(COMING SOON...)
Private Mortgage Banking Division of Medallion Mortgage Company 1230 Rosecrans Ave., Suite 680. Manhattan Beach, 90266 Medallion Mortgage Company, LLC is an Equal Housing Lender. This is not a commitment to lend. Loan approval is subject to qualification. Medallion Mortgage Company, LLC does not guarantee that each applicant will receive a loan.
WWW.C21UNION.COM
UNION REALTY CO., INC.
MAKING YOUR DREAMS OF OWNING A HOME…REALITY.
RANCHO PALOS VERDES - 4838
LONG BEACH - 0243
HARBOR CITY - 4963
TORRANCE- 4904
Spectacular harbor &
EXCELLENT OPEN FLOOR PLAN UPDATED KITCHEN
quiet, secure complex.
Spacious Home in s. Torrance Located in cul de sac
$1,660,000
$390,000
TONS OF STORAGE!!!
$255,900
$769,000
HAWTHORNE - 0239
HAWTHORNE - 4870
TORRANCE - 4925
TORRANCE - 4773
COMPLETELY REMODELED!
Spacious Home with
Large Turn-Key Home
Great Restaurant Opportunity
JUST LISTED BODGER PARK BEAUTY!
Open Floor Plan
PRICE REDUCTION
Great Location in s. Torrance
$449,000
$308,000
$615,000
$180,000
HAWTHORNE - 0240
HAWTHORNE - 0237
RANCHO PALOS VERDES - 4919
Help us Welcome our newest Century 21 Union Realty Agent
SPACIOUS LIVING AREa
DON’T MISS THIS HOLLYGLEN
BUILD YOUR DREAM HOME WITH
WITH FIREPLACE
BEAUTY! GREAT OPEN FLOOR PLAN
HARBOR AND OCEAN VIEWS!
$419,000
$619,000
$545,000
LA
ND
ocean views!
LICENSING COURSE $179.00 GUARANTEED TO PASS! DOUBLE YOUR INCOME! CALL RAY 310.793.3311 OR STEVE 310.316.0909
ALL FOCUS MORTGAGE
TRI-CITY ESCROW “SERVING THE SOUTH BAY FOR OVER 30 YEARS”
FREE PREQUALIFICATION & CREDIT REPORT 310.918.0725
RESIDENTIAL | INCOME | LAND BUSINESS OPPORTUNITY 310.326.7601
A Proud Army Veteran Filled to the brim with caring He’s focused, persistent, & stubborn about achieving his objectives.
NICK OWENS
SERVING ALL THE SOUTH BAY 23900 HAWTHORNE BLVD, TORRANCE CA
310.371.6330
HAWTHORNE CA
310.978.2121
CINDY SHEARIN EXPERIENCED. DEDICATED. PASSIONATE. CREATIVE. THOROUGH.
350 M A N H ATTA N AVEN U E, HERMOSA B EACH HERMOSA SAND WITH UNOBSTRUCTABLE OCEAN VIEW. 235 Steps to the Sand, 4 Blocks to Downtown Hermosa Pier, Entertainment, Shops, Restaurants and More!
www.350ManhattanAvenue.com
$1,379,000
O PE N S UN DAY 1 - 4. C AL L FO R PR I VAT E S H OWI N G .
SOLD!
SOLD!
SOLD!
3 Bed, 2.5 Bath, 3 Decks (2 Decks offering Breathless Unobstructable Ocean Views) | 2 Car Garage, 2 Fireplaces Custom Kitchen offering Miele Appliances ~ Including a Steam Oven, Built-In Coffee Maker, SubZero Refrigerator, Wine Refrigerator & More Master Bath offers a Color Therapy Spa Tub and an Oversized Shower that Features Multiple Body Jets Custom Designed Living Room, Family Room/Media Room | Central Air Conditioning | Completely Remodeled in 2007
BEST PRICED MANHATTAN HILL SECTION HOME - OVER 4,000 SQUARE FEET
LOCATED IN ONE OF THE MOST DESIRABLE AREAS IN EAST MANHATTAN BEACH
SOUTH REDONDO LARGE HOME WITH POOL, CLOSE TO BEACH
5 Beds, 4.5 Baths, 4,356 Sq Ft, 6,000 Sq Ft Lot
5 Beds, 4 Baths, 3,859 Sq Ft, 5,998 Sq Ft Lot, Pool
5 Beds, 3.5 Baths, 4,254 Sq Ft, 7,555 Sq Ft Lot
$2,489,000
$1,699,000
$1,399,000
Cindy Shearin The Shearin Group 310-546-1501 310-200-8318 cell www.CindyShearin.com DRE #00925580
CRS, GRI, SRS, e-PRO SRES, CDPE, Green Certified Certified Luxury Home Marketing Specialist
THE SHEARIN GROUP ASSESS. STAGE. PREPARE. MARKET. SOLD. THE HERMOSA STRAND JUST WHEN YOU THOUGHT YOU COULDN’T….NOW YOU CAN! (VACATION & INVESTMENT OWNERSHIP)
RELAX
PLAY DINE beach front property starting in the low $400’s
WE ARE THE BEACH HOUSE SPECIALISTS - CALL FOR MORE DETAILS!
Serving the South Bay for Over 20 Years My clients are your neighbors and friends… Their satisfaction is my best advertising! Whether buying, selling or just for information.
Unblockable Views Looking East From Marina Del Rey to the Hollywood Sign to the Griffith Observatory to the San Bernardino Mountains . . .
south bay
. . . Unblockable Views Facing West From the Beach Cities to the PV Peninsula to Catalina Island to the Pacific Ocean to Malibu to Santa Monica!
home of the week
Visit Our YouTube Channel for a video tour of this home! YouTube.com/SouthBayDigs
6608 Vista Del Mar, Playa Del Rey Step into luxury living in this stunning beach villa. This custom beauty boasts 5 bedrooms, 4 full bathrooms, an office AND bonus room, with over 2,900 sq.ft. of living space, not including 1,000+ sq.ft. of decks. You won’t believe the detail. The kitchen (featured in “Take Home Chef”) has all of the touches: Portuguese limestone counters, custom Venetian glass lighting, a hand hammered copper farm sink, a reclaimed butcher block counter top, handpicked Walker Zagner tile backsplash, a full butler pantry, handmade cabinetry, and GE Monogram and Miele appliances, as well as a 135 bottle Sub-Zero wine fridge. Custom cut limestone floors throughout the home, including Pierre de Node in the kitchen and foyer. Natural light streams in dozens of windows in this airy masterpiece. The top-floor private master suite has a huge walk-in closet and a beautiful custom bathroom, as well as a large, usable bonus room. And did we mention the VIEWS? Westfacing balconies from three floors offer white water views from Palos Verdes/Catalina to Malibu. The large 800 sq.ft. rooftop deck boasts unblockable, 360 degree panoramic views from the white water of the Santa Monica bay to the snow capped mountains. You have truly never seen views like this. And of course LOCATION: a quiet street, walking distance to the shops and restaurants of downtown Playa del Rey, the beautiful Del Rey Lagoon Park, and just steps to the sandy beach. Minutes to the South Bay and West Side, and quick freeway access, this home has it all. Welcome to the lifestyle you have been looking for.
WWW.6608VISTADELMAR.COM OFFERED AT $1,895,000
&
THE WOLF
WOLF TEAM
TYLER 310/947.9484 ALEX 310/499.6823 SHOREWOOD REALTORS www.WOLFandWOLFrealestate.com WOLFandWOLF@shorewood.com DRE #01426713, DRE #01788977
los
angeles
hideaway Create
Your
Own
Legacy
MILLIONAIRE’S PLAYGROUND
Gerard Bisignano
The 395-acre property is comprised of an 18 hole golf course, 113 space full hookup RV park, and onsite restaurant. The property backs up to Angeles National Forest land on the south border and provides access to 10,000+ acres of public National Forest Land, with direct access to the Grass Mountain summit trail, Pacific Crest Trail, and trails for ATVs, horseback riding, mountain biking and hiking.
Cell: 310-990-4727 |
listed at $8,500,000
Gerard@CoastalLuxuryLiving.com www.CoastalLuxuryLiving.com
www.LosAngelesHideaway.com
310. 990.
4727
DRE: 01116110
Gerard Bisignano
GB
GerardBisignano
Contact me for more information on off-market Strand and Walk Street homes.
Cell: 310-990-4727 gerard@coastalluxuryliving.com www.coastalluxuryliving.com
Your home is extraordinary. SHOULDN’T YOUR REPRESENTATION BE THE SAME?
718 The Stand, Hermosa Beach
Virginia Farm House, Rolling Hills
Behind the Gates, 12,000 Square Foot Home on 2 Acre Lot, 6 Bedrooms, 8 Baths, Gourmet Kitchen Formal Living & Dining Rooms, Home Theater, Wine Cellar, & Billiards Room, Rear Yard w/ Pool & Spa, 4 Car Garage.
Contemporary Strand Property Designed by Notable Architect, Dean Nota. Stunning 3 Bedroom, 4 Bath Home sits on the Hermosa Beach Strand just South of the Pier & Downtown. Panoramic Views from all 3 Levels.
5 Large Bedrooms, 6.5 Baths, 8,610 sq. ft. Estate Nestled on almost 2 Acres of Land, Every Room Features Expansive Views of Ocean, Catalina Island & Rolling Hills Canyons.
$6,999,000
Price provided upon request
$6,495,000
CO
NS N TR EW UC TI
ON
!
Expansive Luxury Estate
Equestrian Estate, Rolling Hills
Architectural masterpiece by acclaimed Morphosis design team Thom Mayne & Michael Rotondi 4000+ Square Feet, 3 Bedrooms, 3 Bath.
Brand New Construction 4 houses from the Strand. Designed by notable architect, James Meyer of Lean Arch, this 4000+ square foot home will feature 4 bedrooms, 4 baths, & incredible Ocean Views.
Scenic Gated Community, Ranch-Style Estate with Breathtaking Views, 4 Bedrooms, 4 Baths, Pristine Stables & Park-Like Settings.
$4,975,000
Call listing agent for more details & pricing.
$3,495,000
2220 Via Acalones, Pve
3104 Ocean Drive, Mb
6520 Via Lorenzo, Rpv
Custom built 5 bedroom, 6 bath Contemporary Home. Master suite with fireplace, walk-in closets. Gorgeous outdoor living space offers entertaining area fire pit, BBQ & water feature.
3 legal, non-conforming units with ocean views and 2 garages. Owner’s unit features a recently remodeled kitchen with granite counters, living room with fireplace, private laundry area.
Spanish-Style Turnkey Home featuring 3 Bedrooms & 2.5 Baths. Private Ocean View Office & Backyard Entertaining Area. Co-Listed with Nick Griego of Peninsula Sotheby’s.
$2,299,000
$2,249,000
$1,175,000
SU ND OP AY EN 14p
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130 19th Street, Manhattan Beach
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3410 Hermosa Ave., Hermosa Beach
LiveInHollywoodRiviera.com Your Number 1 Realtor in the Hollywood Riviera Top 4 realtor For All of ReMax Palos Verdes Realty in 2011 For Lease $4,595/month
Offered at: $1,545,000
868 Calle de Arboles, Redondo Beach
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3 bedrooms, 2.5 baths, huge yard and deck next to PVE trail
Offered at: $1,149,000
309 Calle De Andalucia, Redondo Beach Elegance and beauty abound in this custom Tuscany-style home in the Hollywood Riviera. This stunning home was completely rebuilt in 2006. It includes 4 bedrooms plus an office and 4 bathrooms in approximately 3,300 sq ft as well as a 3 car garage. Special features include gleaming walnut floors throughout, custom cabinetry in the kitchen and bathrooms, and professional audio/visual wiring in the home and backyard. Just a short walk to Riviera Elementary, Rocketship Park, and the PV Bridle Trail.
4 Bed, 3 Bath, 3,737 sq ft, Cape-Cod style home
www.3816Bluff.com
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www.309CalleDeAndalucia.com
3816 Bluff Street, Torrance
Offered at: $725,000
Igor Nastaskin Cell: 310.892.6016 Office: 310.378.9494 inastaskin2@socal.rr.com www.IGORrealestate.com DRE 01317822
Your Best Move.
4717 Macafee Road, Torrance 4 Bedrooms, 3 Bath, 2,450 sq ft, Huge family room
www.4717Macafee.com
# 1 Realtor速 in Sales Volume in the Hollywood Riviera in 2010 #1 Realtor速 in the Hollywood Riviera for 6 out of the last 9 years -- Over $100M in Total Sales Volume in the Hollywood Riviera since 2002 Over 100 Single Family Home Transactions in the Riviera since 2002 -- All time Highest Price Sale in the Hollywood Riviera (East of Palos Verdes Blvd.) at $2.55M (Source: Trendgraphix Inc)
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