The Monster Lot Towards the end of July, Valmonte saw a rare and very large 22,412 sq. ft. lot come to market in the “Grove Section” at 2915 Via La Selva. The well preserved 1952 built home was charming but likely a gut or a complete tear-down prospect. Developers and dream home lot hunters must have been gushing over the property until they saw the price…asking a hefty sum of $2,475,000! Most buyers probably muttered to themselves, “It’ll never sell.” And who could blame them? The ask price would be the seventh highest sale in Valmonte history for basically a tear-down home. Comparables To further the somewhat shocking ask price was its very comparable neighbor, 2921
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South Redondo Home Auction Did you hear about the wild real estate auction in South Redondo last month? The probate sale by public auction at 709 Elvira Avenue took place on Saturday July 8th. The initial asking price was $995,000 and it ended up selling almost 75% higher at $1,730,000. Hot damn! Manhattan Pacific Realty had clients attend and I personally was working to convince many clients to come and take a swing. To the untrained real estate eye, the crazy over-ask price might be a bit shocking. But to those in the residential real estate business, you knew it was coming. Let’s break down why there was a feeding frenzy… 709 Elvira Avenue The subject
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North Redondo North Redondo real estate has had a great run over the last few years and 2017 has been no exception. Located directly east of Hermosa and Manhattan Beach, north Redondo really hangs its hat on being one of the most affordable sections of the Beach Cities. It has become more desirable than ever as a result of rising school rankings, short drive to the beach, and an easy commute to the 405 and beyond. Golden Hills Sub-Market Golden Hills is a sub-market of north Redondo known for its hilly streets and “tall and skinny” homes set on smaller 2,500 sq. ft. lots. There is a small pocket of Golden Hills, however, that deviates from
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