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  • 405 S Gertruda Ave, Redondo Beach – Real Estate Analysis

    Posted on March 14th, 2014 acimetta No comments

    405 S Gertruda Avenue in South Redondo Beach has been on and off the market over the past few years. It’s a lovely home with a lot to offer. And yet it hasn’t had an offer that has sealed the deal. This gives us an opportunity to look at one property over 3 distinct time periods in the South Redondo Beach real estate market.

    Here’s the history: The home was purchased in September 2005 for $1,480,000. As we all know, this was a market on an upswing. Sellers could do no wrong. Homes sold themselves and prices climbed quickly. Then in January 2010, the homeowner put the home on the market for $1,765,000. It was on the market for approximately 3 months. It didn’t sell, and not surprisingly. The market had pretty much come to a stand still, and in many cases prices had dropped back down to 2005 levels. There was no way this home would sell for $300,000 more than what it sold for in 2005 – not in this market. And it wasn’t going to sell at $1,685,000 later in the year when it was put back on the market again.

    Fast forward three years, and the home was listed for sale in July 2013 for $1,875,000. This was in the middle of a very hot market. But it’s also been a fickle market. Buyers have gone gangbusters on many properties and activity is rather subdued on others. And South Redondo seemed to languish behind North Redondo, Manhattan Beach and Hermosa Beach. After four months the listing was canceled. And now, in March 2014, it’s back on the market for the same price.

    Is there going to be anything different this time? One of its neighbors, 413 S Gertruda, sold in October 2013 for $1,700,000. It’s newer but smaller by about 500 sq feet. If 405 S Gertruda ultimately sells close to its asking price, then we are still in a very upward mobile market. But based on this recent comp, I would deduce that the value is below the $1.8 mark and not above it.

    405 S Gertruda shows very well. The views are gorgeous and the roof top deck is extremely usable. I’m not a fan of all the spiral staircases. (Loved them when I was a kid… could run up and down them all day long. But now I just get an awesome case of vertigo.) The neighborhood views are also picturesque. The kitchen is beautifully updated. The master bathroom is lovely. This house gives you a lot of space on a great street with great views. But it’s my feeling that it’s going to need to come down in price before someone is ready to step up to the plate. With that being said, there have been plenty of people stepping up this past year, setting new benchmarks. Only time will tell.

  • Redondo Beach Brokers Open Favorite Listing

    Posted on September 19th, 2013 acimetta No comments

    Redondo Beach Brokers Open Today

    Of all the listings I saw today, my favorite was 520 N Guadalupe, #C in South Redondo. I’ll be honest… I wasn’t crazy about climbing all the stairs to the front door, but it will be easier from the garage. This town home has nice ocean views from the master bedroom. But what it also has is tons of space. This home feels substantial. And the back patio is lovely with stone and a fountain. The kitchen is great too. This home needs some updating, but it is, without a doubt, move-in ready.

  • Just Sold: 602 S Broadway, #A $1,175,000

    Posted on September 19th, 2013 acimetta No comments

    Light, bright 3 bedroom town home on a beautiful, wide street in South Redondo.

    I just sold 602 S Broadway, #A Redondo Beach, CA 90277. It’s a lovely 3 bedroom front unit town home in South Redondo, just a few short blocks to the beach and close to Rivera Village. We closed yesterday and my clients can’t wait to start enjoying life at the beach! They purchased the property for $1,175,000 – 9% below the asking price. This home was a great buy for several reasons. The location is amazing. It’s a 3 bedroom, but the floor plan will allow for a 4th bedroom and additional square footage which will help build equity in the coming years. The traditional floor plan gives this town home the feeling of a single family home.  The sellers did a good job maintaining the home and with some updating to current styles, this property should continue to increase in value.

  • Listing of the Day – Redondo Beach

    Posted on June 27th, 2013 acimetta No comments

    204 N Lucia Ave, #B in South Redondo just came on the market. I previewed it today during Brokers’ Open. This Cape Cod style rear unit townhome has a cheerful, lovely ambiance from top to bottom. Dark wood floors and white walls give it a crisp, clean look. You just want to make yourself at home!

    There are ocean views from the deck off the top floor family room. There is a cute, manicured backyard accessed off the main living level. It doesn’t feel like a typical townhome. It’s nicely upgraded and I’m sure this one won’t last long. It’s my favorite listing of the day!

  • South Redondo Home Sales July – December 2012

    Posted on January 26th, 2013 acimetta No comments