I've been really interested in the movement of 3 property classes of Redondo Beach homes recently and how they track relative to each other. Specifically North Redondo Beach Golden Hills Tall and Skinny SFRs; North Redondo Beach Detached 2 on a lot townhomes and South Redondo Beach detached 2 on a lot townhouses.
Here's what I'm seeing right now.
Golden Hills SFRs dating back to the mid '80s seem to have an entry level point right now in the low $900's and with some updates, views, or other amenities can sell for over $1M. Typically these are 3 bedroom reverse floorplan properties of around 1800-1900 SqFt on 2500 SqFt lots.
New construction detached two on a lot townhomes are priced at around $1.2M +/- with nicer newer resales priced at around $1m-$1.05M.
Which brings me to South Redondo Beach detached 3 and 4 bedroom townhomes - some of which I consider to be very good buys right now.
Here's an example of one that was just listed. 228 S Juanita (pictured above) was just listed for $1.099M. It is a 4 bedroom property built in 2004 and is 2239 SqFt. While still relatively new, it has had some nice upgrades and has A/C which I'm sure many people would appreciate these days for sure!
The property is located just North of Torrance Blvd which is an area of South Redondo Beach that I think is well primed to take off in the next few years. As prices in North Redondo Beach escalate, this neighborhood will become more attractive - particularly when the Pier renovations are complete and some development along the waterfront such as the Shade Hotel are finished.