South Bay Digs 11-5

south bay

Find your place.

www.SouthBayDigs.com November 5, 2010

Ultimate Luxury Custom Estate on the Hermosa Beach Waterfront Offered by Raju Chhabria, Shorewood Realtors Check the details on p17

www.SouthBayDigs.com

11.05.10 | south bay digs

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No other RE/MAX agent has sold more real estate in the three Beach Cities combined!

Robert Freedman 310-291-7779

Nearly Completed New Construction 121 9th Street, Manhattan Beach

#1 at RE/MAX Manhattan Beach for over 25 years running

Offered at $6,700,000 Call for Information

www.LetFreedmanRing.com

Contemporary oceanview masterpiece, one house from the Strand on one of the most desirable south-of-the-pier walkstreets. Designed by Michael Lee and Associates and developed

by Villa d’Arte Development, features include 4 bedrooms, 4½ baths, huge indoor-outdoor deck and unblockable panaoramic, sand and whitewater views.

Mediterranean Beach Home 345 29th Street, Hermosa Beach This unique, desirable home is perfectly situated just a few short blocks to the Beach, Valley Park and award winning restaurants. Perched near the top of the hill, there are panoramic hillside views into Hermosa and Manhattan Beach, and some ocean views as well. Leave the cars in the oversized garage on the weekend - you are at the Beach!

• Built in 1999 and nicely upgraded with nearly 3,600 Square Feet of three level luxury • 4 bedrooms and 4.5 Baths, including Large Master suite with opulent travertine bathroom and furniture grade walk-in closet • Fantastic floor plan with distinctive Living Room , Dining Room and Wine Room that can accommodate a lot of family and guests • Great Room with Island Kitchen, Breakfast Nook and Family Room with Double sided fireplace • Beautiful Zen-gym (converted bedroom)

Offered at $1,799,122

Hill Section Family Home 952 11th Street, Manhattan Beach This gorgeous home built in the Spanish Revival style by Sexton Homes and customized by the current owner during construction sits on a 50 X 150 lot and offers a stunning one-of-a-kind floor plan with dramatic interior space.

• Nearly 5,100 Square feet of Living Space • 5 Bedrooms 4.5 Baths • Soaring 2-story Living Room • Additional Upstairs Family Room (could be 6th bedroom) • Magnificent Master Suite with South facing lounging deck overlooking the yard • Opulent Master Bath with steam shower and custom deco tiles • Built in 2004 but looks brand new – REALLY! • 3-car attached garage

Offered at $2,495,122 See all the listings at www.LetFreedmanRing.com

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www.SouthBayDigs.com

3004 Via La Selva Palos Verdes Estates • Highly sought-after “Grove” section of the Valmonte area of Palos Verdes Estates • 4 bedrooms, 3½ bathrooms • 3,049 sq.ft. family home • French doors & pastoral views throughout • Vaulted ceilings in family room & dining rooms • Kitchen has all new granite counters; stone back splash & stainless steel appliances • 1st floor master bedroom suite has serene views and a gorgeous new bathroom

Newly Priced to Sell at $1,549,000 www.PalosVerdesLiving.com

Maureen Megowan 310.541.6416

PVAgent.com

Take a seat.

I’ll do the rest.

Web blog:

mmegowan.activerain.com

I have a qualified, all-cash buyer who wants a home in or near Malaga Cove with a Queen’s Necklace ocean view.

what’s inside…

Publisher’s Muse Opportunity awaits

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Feature Profile

14

We got the chance to sit down with Malaga Bank President and CEO Randy Bowers to learn about “Banking, Five-Star Style”

On the Cover

If you are thinking of selling, either now or in the near future, please contact me.

17

The ultimate luxury custom estate on the Hermosa Beach waterfront, offered at $14,500,000 by Raju Chhabria, Shorewood Realtors

Home of the Week

28–29

Explore this Mid-Century Modern Estate in Palos Verdes Estates offered at $2,850,000 by Steve & Ceci Watts and Mardi Tobias

Launch Party

29

Come help celebrate with South Bay Digs

Numbers

36

Check the current trends in the local real estate market Bank of America Victor Samaan. . . . . . . . . . . . 8 Coldwell Banker Jane Angel . . . . . . . . . . . . 35 Linda Cavette . . . . . . . . . . 34 Keller Williams Jeannie Penner-More. . . . 39 Malaga Bank. . . . . . . . . . . 4 Mattucci Real Estate Aurelio Mattucci. . . . . . . . 36 TJ Parker. . . . . . . . . . . . . . 36 Peninsula Sotheby’s Kerry Dawson . . . . . . . . . . . 7 Gerard Bisignano. . . . . . 42-43 RE/MAX EXECS Robert Freedman . . . . . . . 2-3 Maureen Megowan. . . . . . . 5 Neda. . . . . . . . . . . . . . . . . . 6

Gary LaTourette. . . . . . . . . . 8 Carol Adams. . . . . . . . . . . 41 Ralph Manuel. . . . . . . . . . 40 Steve & Ceci Watts. . . . 28-29 Mardi Tobias. . . . . . . . . . . 28 REP Interactive REP Interactive. . . . . . . . . 37 Shorewood Realtors Ken Adam. . . . . . . . . . . . . . 8 Shorewood Realtors . . . . . . 9 Ed Kaminsky. . . . . . . . . . . 10 Steve Santos. . . . . . . . . . . . 11 Chris Plank. . . . . . . . . . 12-13 Kevin Pratt . . . . . . . . . . . . 15 Raju Chhabria. . . . . . . . 17-26 Rachel Ezra. . . . . . . . . . . . 27 Tim Corbett. . . . . . . . . . . . . 44 South Bay Brokers Nina Michaels. . . . . . . . . . 30 Jack Gillespie. . . . . . . . 32-33 Ted Craddock . . . . . . . . . . 31

Publisher Warren J Dow Creative Director LeeAnn Nelson Contributing Photographer Paul Jonason Contributing Writers

Pamela Corante-Hansen, editorial@southbaydigs.com Amanda Coscina, spaces@southbaydigs.com

Neda 310.463.6889

Neda@remaxpv.com #00925205

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South Bay Digs, 2554 Via Tejon, Palos Verdes Estates, CA 90274 Office: 310-373-0142 • Fax: 310-373-3493 • www.SouthBayDigs.com • Twitter: @SouthBayDigs 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.

63 Malaga Cove Plaza Palos Verdes Estates

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 310-473-0142.

Subscriptions: Subscriptions are $26 per year. Subscribe by email: contact@southbaydigs.com or via phone: 310-373-0142. © 2010 m3 Media, LLC. All rights reserved.

www.SouthBayDigs.com

stunning Catalina, coastline, ocean & city views!

217 N. Dianthus Manhattan Beach

This home is in move-in condition and a fantastic value!

Newly reduced by more than $100,000 to only $1,599,000

Located in the prestigious “Hill Section” of Manhattan Beach this spectacular ocean view home offers the ultimate in indooroutdoor living. This spacious home has four bedrooms, two full baths, two half baths and a 500 Sqft. ocean view deck—perfect for entertaining and dining alfresco! Top floor is a great room with beautiful hardwood floors, living room and dining area, and gourmet kitchen with counter breakfast bar with seating for eight. Spacious master suite has balcony with views and includes master bath with dual sinks, separate Jacuzzi tub and shower. Main floor has three bedrooms; lower floor has a bedroom and private yard. www.217NDianthus.com

Coming in early 2011 — Manhattan Village, upgraded Plan 2, court home with views of trees from all windows.

Kerry Dawson Selling the South Bay since 1991!

310.753.5537

www.SouthBayDigs.com

KerryLDawson@aol.com

DRE: 01024016

11.05.10 | south bay digs

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publisher’s muse

533 24th Street Manhattan Beach $1,095,000 2640 Hermosa Avenue #5 Hermosa Beach $650,000

Visit my website for virtual tours!

CFE Member

SELLING HOMES IN THE SOUTH BAY SINCE 1985

Customized mortgage solutions… one Customer at a time.

Opportunity awaits

O

pportunity. The Merriam-Webster dictionary defines it as “a favorable juncture of circumstances.”

We’re about five years into the biggest housing bust in modern history and interest rates are still at historic lows. If “timing is everything”—today’s “cheap money” and low housing prices sound like a great opportunity for those in the market to purchase a home.

Don’t miss our feature profile on Malaga Bank president and CEO Randy Bowers, who shares his insight on the local housing market.

This issue’s cover home offered by Raju Chhabria is an amazing waterfront estate in Hermosa Beach, (check the details on page 17.) Check out our new QR Code technology feature starting on page 17. “ Time is free, but Download a free bar code reader app for your it’s priceless. You smart phone, open the app, snap the image can’t own it, but using your phone’s camera and instantly view you can use it. a virtual property tour.

You can’t keep Come help us celebrate the launch of it, but you can South Bay Digs, the South Bay’s only 100% spend it. Once niche real estate magazine at one of the finest you’ve lost it you properties in all of the South Bay…the Lawcan never get it rence Harris Residence in Hermosa Beach, back.”

—Harvey MacKay (see page 29 for details.) Enjoy live music, food and drink and get connected to the most influential “movers and shakers” in the local real estate scene. Enjoy –

Warren J Dow, Publisher wdow@southbaydigs.com 310-373-0142

It’s About You.

Victor Samaan

1720 South Elena, Redondo Beach 310-422-3339 • victor.samaan@bankofamerica.com Bank of America, N.A., Member FDIC Equal Housing Lender © 2010 Bank of America Corporation. Credit and collateral are subject to approval.

Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

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south bay digs | 11.05.10

As a former teacher, I understand the importance of being a trusted advisor and knowledgeable resource for the community. My consultative approach to real estate is results-oriented with a laser focus on realizing your objectives.

I’m committed to earning your business.

REAL ESTATE CONSULTANT

Gary E. LaTourette Real Estate Consultant DRE#01424026

62 Malaga Cove Plaza Palos Verdes Estates, CA 90274

Cell: 310.503.7408 Office: 310.378.9494 Fax: 310.373.3427 GaryLt@pvexecs.com Search the MLS at GaryLt.com www.SouthBayDigs.com

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 a c h 950 Artesia Blvd.

310.376.8871

h e r m o s a b e a c h 986 Artesia Blvd.

310.406.2020

e l s e g u n d o 431 Main St.

310.322.4900

m a n h a t t a n b e a c h 917 Manhattan Beach Blvd.

310.545.8401

m a n h a t t a n b e a c h 3300 Highland Ave.

310.546.7561

p a l o s v e r d e s e s t a t e s 16 Malaga Cove

310.698.1555

r e d o n d o b e a c h 1009 Torrance Blvd.

310.316.8464

310.798.1277 x 214

Search more homes now with our exclusive MLS Pass!

EdsMLSAccess.com

Email: EK@ItzSold.com n www.ItzSold.com

HOME OWNERS…

861 10th Street Manhattan Beach

OUR BUYERS WANT YOUR HOUSE! If you are a home owner and you want your home SOLD, you need to know Ed’s Buyers! No other team in the South Bay goes this far to bring sellers and buyers together who otherwise would never find each other!

This is a gorgeous Craftsman style home built in 2001

by Shaar Homes, with impeccable attention to detail throughout! A dutch door entryway opens to high, dramatic ceilings & a grand, spiral stairway. The formal living room steps down to a stately dining room with a shared fireplace. There is a Butler pantry with an additional walk-in pantry, and that all opens to an impressive chef ’s kitchen, which adjoins the bright and light family room. There is a breakfast area and direct yard access from the family room. A second stairway on the back of the house offers access to the upstairs. There is built-in library shelving in the main hall. A full guest suite is found on the main level. Four other bedrooms are located upstairs, plus a full laundry room AND a bonus office/study with a private fireplace! The master bath has a HUGE walk in closet with custom organizers. All bedrooms have en suite baths with custom tile detail. Skylights and high ceilings add depth and light throughout. 3-car garage! The large, private yard is expertly landscaped and finished with a gas fire-pit and a custom BBQ area.

“ For almost two years we had been searching on our own to find our first home. We had seen everything on the market in our price range. We were sure we would have to ‘settle’ for something that was almost perfect. Then we met Ed’s Team. After a thorough interview, they went to work and in less than 30 days they found an UNLISTED home that met EVERY item on our must-have list AND they were able to negotiate an incredible purchase price for us so that we could have everything we wanted, at the price we needed!”

—Janice and Keith W., Redondo Beach, July 2010

$3,000,000–$6,000,000 Area: Manhattan or Hermosa Beach/ The Strand Buyer Profile: Couple seeking 2nd home Beds: Any Baths: Any Sq.ft.: Any Lot size: Any Needs: Ocean front home in any condition.

Duplex is OK. Must have killer sand/water views. This buyer is flexible with timing.

WILL CONSIDER HERMOSA OR MANHATTAN STRAND LOCATIONS.

$1,000,000–$2,000,000 Area: Hermosa Beach/North Sand Section Buyer Profile: Married couple w/school aged kids Beds: ANY Baths: ANY Sq.ft.: ANY Lot size: ANY Needs: Professional couple seeks buildable lot on a walk-street in NORTH Hermosa Beach. Wants to be 1-2 blocks from the water.

Flexible with timeframe.

$800,000–$1,250,000

Certified

$2,699,000

PLATINUM CerTIfIed

PreCertified

Area: South Redondo Beach Buyer Profile: Married couple with 3 children Beds: 4 Baths: 3 Sq.ft.: Any Lot size: Large Needs: South Redondo house with an ocean view and a pool or room to add a pool.

Meet more buyers at:

www.EdsBuyers.com

1310 11th Street Manhattan Beach You get sooo much house with this great value! SIX bedrooms + a den + an office loft and a POOL sized yard! The double door entry opens to a two-story formal entryway.

25’ ceilings are found in the formal living room and there is a formal dining room with a Butler pantry and a walk-in pantry. The HUGE kitchen has a large breakfast area AND a bonus, eat-in counter. The kitchen adjoins the family room; family room has a fireplace & opens to a large, low maintenance yard with a built in BBQ center, custom water feature and a built-in gas fire pit. A full guest suite is on the main level. A bonus den with a fireplace is also on the main level. There are two entrances from the house to the three-car garage! A winding staircase opens to the huge master suite that has a balcony, vaulted ceilings, fireplace and a gorgeous master bath that has claw-foot tub and his/hers custom vanity areas.

The remaining bedrooms are also very large and three of them have walk-in closets. One is being used as 2nd office now. One of the upper bedrooms has its own entry hall and separate bathroom. Bonuses include a laundry/utility room, central vacuum system, plantation shutters & 3-car garage. Award winning schools all nearby!

$1,749,000

Room for a pool!

473 29th street, MAnhAttAn beAch

Absolute best VAlue in the sAnd section!

A compelling VALUE with recent $200,000 price improvement at $600/Sqft. vs. $849.38*/Sqft.

Situated on one of the best and widest streets on the Plateau, just 4 blocks from the beach, this Spacious Custom Family Home sits in a wide open setting with Sweeping Vistas. Enjoy the Luxury of Space and Privacy in the Sand. Featuring 4,165 sf, with 5 Bedrooms and 5 Baths PLUS a Large Office, PLUS a Media Screening Room, this Newer, Elegant home offers plenty of room for your entire family.

Extensive upgrades include American Cherry HW Floors, Gourmet Kitchen, Custom Window Covers, Custom Faux Paint and Fireplaces, 2 Wet Bars, Butler’s Pantry, Dumbwaiter, Central Vacuum, plus Surround Sound and Flat Screens Wired throughout the home. 3 Car Garage, and Lots of Extra Parking, all in a Great Location close to Grand View School.

(avg. for Sand Section MB homes sold Jan-Aug 2010)

Location, Value, Space….

This is a must see!!! *Avg. price per square foot is based on closed sale data taken from MRMLS data for closed sale (SFR) homes sold in ‘Area 142’ Manhattan Beach Sand Section from January 1–August 31, 2010. Information is deemed accurate but not guaranteed.

Priced to sell At $2,499,000

Steve Santos 310.488.4924

SteveS@Shorewood.com SteveSantosProperties.com A 32-Year Resident of Manhattan Beach DRE# 01440129

check out the Virtual tour at www.473-29th-street.com

unsurpassed Panoramic ocean views forever 4 Bed | 3.5 Bath | 3300 sQft. | Great rooM | Bonus rooM

Unblockable panoramic ocean & sunset views from Palos Verdes to Malibu year-round from this exquisitely remodeled 3300+ square foot home located in the prestigious “Hill Section” of Manhattan Beach. A great VALUE at $591 Sqft versus 90266 average of $698 Sqft! www.219Dianthus.com.

219 n dianthus st, Manhattan Beach 90266

$1,949,000

Chris Plank Shorewood Realtors Cell 310-849-1530 Office 310-546-7561 x443 Email: ChrisPlank@aol.com

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ChrisPlankHomes.com

www.

www.SouthBayDigs.com

diamond in the sand!

4 Bed | 3 Baths | 2664 sQft | oCean front | 4 Car GaraGe

Options abound in this ocean front property with the ultimate flexibility. Keep as legal duplex, home + income, vacation home + income or build your ultimate oceanfront dream home on the Strand.

1534 the strand, hermosa Beach 90254

$4,999,999

Quintessential sand section Custom Beach home

spectacular Queens necklace & ocean views

5 Bed | 4.5 Bath | 3600 sQft. | elevator | Built 2009

4 Bed | 5 Bath | 5100 sQft | 14,150 sQft lot

Rare opportunity to acquire a newly-built custom home offering the ultimate indoor/outdoor living space with 25-foot fold-away glass doors that open to large ocean-view deck. Immaculate style & amenities.

Breathtaking Louie Tomaro designed estate with spectacular ocean, whitewater, coastline, city, and mountain views—an entertainer’s dream!

Attention to detail at every turn, absolutely exquisite Malaga Cove estate.

445 33rd street, Manhattan Beach 90266

2005 Paseo del sol, Palos verdes estates 90274

Selling the South Bay since 1989

www.SouthBayDigs.com

$2,999,000

$4,900,000

ChrisPlankHomes.com

www.

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Banking, five-star style

by Pamela Corante-Hansen

T

his is not your father’s employee training program: A day trip to a five-star hotel to experience world-class customer relations.

Lunch at Chez Mélange for a taste of high-end service. A field trip to Nordstrom, the Holy Grail of the Excellent Customer Experience.

But before new Malaga Bank employees get too comfortable in the Four Seasons hotel lobby, they are whisked off to a bargain motel chain. After the foie gras has settled, the next stop is the other end of the dining spectrum—a local franchise of a national coffee shop.

And before they can hand their Amex to a Nordstrom sales associate, they’re in a mile-long line at a big box retailer.

This experiential exercise in contrasts, according to Malaga Bank president and CEO Randy Bowers, is how his employees are able to deliver top-notch service to their patrons, who also happen to live in the neighborhood. South Bay Digs recently visited Bowers at the original Malaga Bank headquarters in Palos Verdes Estates and learned a few things about interest rates, supporting local business, and being a good neighbor.

SOUTH BAY DIGS: You have quite a unique customer service training model. How does this enhance the Malaga Bank customer experience?

RANDY BOWERS: The founder of our bank opened the mission statement with the idea of “banking with elegance,” therefore we hire our employees for their people skills and teach them the rest. In order to get a true sense for excellent customer service, part of their training involves experiencing both ends of the customer service spectrum: A Nordstrom versus a Walmart, a Chez Mélange versus a Norms.

In keeping with the concept of being a five-star bank, we try to make our lobbies Randy Bowers, Malaga look like the lobbies of upscale hotels.

Bank President and CEO When you enter our bank, you’re greeted by name. We serve free Starbucks coffee and our customers tend to linger in the lobby. There are days I’ll look out my office window and it feels like a social club. They’re our neighbors, and you see these folks in the post office and at the grocery store. So if you’re not doing right by them, you’ll hear about it. Your reputation follows you, good or bad, so you have to stay on top of it.

Malaga Bank has an excellent reputation for community involvement. Could you tell us a little more about that?

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Malaga Bank’s new Torrance Branch located at 25700 Crenshaw Blvd.

We’re a community bank, and we’re known for our involvement in the community, our support of the community, and our knowledge of the community. We live and die based on how our local communities do. If we don’t support them, it impacts us. Our commitment is taken to a higher level than that of your typical community bank.

What are some of the ways you support the community?

It’s a long list! The library, the street fair…we’ll support local people who champion causes. There’s also the concerts at Lunada Bay, the Boys & Girls Club and the Warner Grand Theatre in San Pedro. We also support the Dalmatian American Club.

Those Dalmatian fish luncheons are to die for. [laughter] We love them, too! They really put on a great fish lunch.

In essence, whatever goes on in town, we’re on a long list of companies that get contacted. But sometimes you have to say no. To some extent, we look at how they support us. For instance, are they a customer of the bank? There’s a new initiative here called “Local First.” The goal, of course, is to support local businesses. It’s like the anti–Walmart: If you want the cheapest carton of milk you can go to Costco and wait in line to pay, or you can go to a local market and maybe pay a little more, but soon you’re on your way.

Makes sense. Speaking of local, how was it that you decided to establish your business in the South Bay? The company was founded 25 years ago by a Canadian banker who lived in Palos Verdes and worked for a bank in downtown Los Angeles. His bank wanted to transfer him back to Canada, but he liked California so much he didn’t want to leave. So he pulled together a group of local investors, primarily local residents, and they formed Malaga Bank. This is the original location of the first bank, right continued on page 16

Perfect beach living

Open House Sunday Nov. 7, 2–4pm

Premier 100 Block Walkstreet Location! th

132 20 Street, Manhattan Beach

L

ive the ultimate Manhattan Beach lifestyle in this wonderful 5 bedroom, 4.5 bathroom home that boasts 4003 Sqft. of open living space with amazing ocean and whitewater views. Features include open, third-floor living space with large gourmet kitchen, family room plus breakfast area—all overlooking the expansive back deck with amazing indoor/outdoor living space and dramatic ocean views. Top level also includes a formal dining room and sizable living room with fireplace, and French doors leading out to the front deck with even more

sand and white water views. Great family floor plan with 4 bedrooms in the middle level including a fabulous master suite with ocean view deck and beautiful bright bathroom with Jacuzzi tub. Enjoy the wideopen office space area and separate laundry room on the second level.

Ground floor includes a large front playroom off the walkstreet, guest bedroom with bath, two interior storage rooms and unbelievable onsite parking featuring 2-car garage with brand new epoxy flooring plus 4-5 carport spots for all your friends and family!

Enjoy the best lifestyle that Manhattan Beach has to offer —steps to beach & downtown.

Offered at $3,599,000 • www.132-20thst.com

Kevin Pratt 310.738.2348 kpratt@shorewood.com 20th Year at Shorewood www.SouthBayDigs.com

11.05.10 | south bay digs

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Randy Bowers continued from page 14 here at Malaga Cove Plaza. It’s the essence of Palos Verdes, with the fountain and the 1920s architecture. In the 90s the bank opened its second branch on the hill, after which we opened a loan center, also in Rolling Hills Estates. Next came the Torrance office, for which we subsequently built a new building and then opened our branch in San Pedro. Our most recent expansion involved relocating our loan center to Hawthorne Boulevard in Torrance.

On the subject of loans, how do you see the housing market?

Struggling. We track a lot of data and we’ve been fortunate in our local markets. We haven’t seen the depreciation the rest of California is seeing. Some areas have depreciated more than 50 percent. Here, it’s closer to 25 or 30 percent. Being a more affluent community, our prices have held up better, but the economy is facing serious difficulties and the federal government is paddling as fast as it can to keep it moving forward. A change in political parties probably will not provide a solution to issues that must be dealt with, because it’s really more about society. There are some fundamental problems that need to be addressed, namely, we’ve been living in excess far too long.

Some realtors say that buyers and sellers are both being unrealistic. There seems to be a disconnect.

It’s getting better, but the sellers don’t want to acknowledge that prices are going down, and buyers are convinced they’re coming down lower. Where you see a lot of activity is with foreclosures, because once the lender gets the property back, they want to sell it— they have to. But there’s still a standoff between what the seller and the buyer think.

With interest rates at an all-time low, how do you think the economy can recover?

Malaga Bank, Rolling Hills Estates branch This is a huge issue for us. The Federal Reserve has been working on bringing down long-term rates by injecting money into the system.

This is called quantitative easing. There is some anticipation they’ll announce additional quantitative easing in early November, which will bring long-term rates down, too. The reason they’re doing it is to keep us from slipping back into a recession again. It’s a mixed bag because it has the potential, if not the certainty, of causing inflation down the road, but it may be the lesser of evils.

It seems like this would cause challenges in running a business and making financial decisions.

There were times when it was relatively easy, but now it’s a huge challenge with the volatility. There’s a tremendous amount of uncertainty for a financial institution, as well. How do you operate a business when you don’t know what’s coming next? Our strategy is to hunker down and be cautious until the smoke clears and we can get a sense for how this will turn out. The consumer is very cautious, too, and that’s not good for the economy. On the flip side, the things that have been done were distasteful but necessary to avoid a greater evil. There’s no easy solution. It’s a painful process because there’s a tendency to resist dealing with anything that’s unpleasant.

How does Malaga Bank plan on riding out the economic instability?

We’re continuing to create products that are appropriate for the market we serve. Many of our loan customers are real estate investors. Their situation is a little more complex, and we can handle their needs better than a one-size-fits-all product. Eventually, we’d like to branch out into the beach communities. I think our model would work well there—it’s all about how the customer is treated.

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south bay digs | 11.05.10

www.SouthBayDigs.com

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

ON THE COVER

A Newly-Completed Masterpiece Developed by Don Doukoullos. Beautiful Craftsman/Contemporary Architecture by Louie Tomaro. The best in indoor/ outdoor living on The Strand. Home offers 5 bedrooms, 8 bathrooms, formal living, dining, great room with NaNa doors that open to a large balcony, home theatre, workout room, rooftop deck with swimming pool and putting green, 3-level water feature and state-of-the-art audio/video Creston Electronic Systems. 8,000 square feet of luxury living space on a 4,640 SF ocean front lot with panoramic sand, ocean, and white water views to Malibu, Catalina and Palos Verdes. Located in N. Hermosa Beach. Minutes to downtown and the pier. Seller may carry with 50% down for 5 years at 4% interest, please call Raju for details.

2826 The STrand  hermoSa Beach  $14,500,000

the best of palos verdes and the beach cities Look for QR Codes like this to take an instant virtual tour of a property using your Smart Phone. Just 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.

Your Own Mediterranean Villa with a Casita for Your Guests New! Fabulous Doug Leach designed Mediterranean villa features 5 bedrooms and 5 bathrooms with a separate “Casita” and 3-car garage. 5,490 sq.ft. of living space on 16,152sq.ft. lot with a long driveway, electric gate and panoramic ocean, Catalina and city light views. EXQUISITE custom details inside and out. Foyer has marble flooring, fabulous staircase, custom chandeliers, vaulted ceiling and French doors. Formal dining and living room with wet bar and fireplace, den and wine cellar. Master suite has its own fireplace, his-and-hers walk-in closets, master bath with steam unit in shower, jacuzzi tub and fireplace. Gourmet kitchen includes center island with granite countertops, Viking appliances—two refrigerators, warming oven, espresso machine and two stoves! Custom cabinetry and rich walnut flooring lead to an inviting family room with built-in entertainment center. Security system and pre-wired for speakers. Backyard is an entertainer’s dream, with outdoor kitchen, fireplace, spa and pool with swim-up bar and ‘baja’ areas.

1424 Via Castilla  Palos Verdes estates  $3,995,000

Fantastic Opportunity to Purchase this Newly Built Multi-Level Spanish Style Home Enjoy the spectacular city lights and coastline view. This home features 5 bedrooms and 7 bathrooms, formal living room with fireplace, library with built in shelves and fireplace, family room has a fireplace as well. Gourmet kitchen with large center island, stainless steel appliances and walk in pantry. The dining area has French doors that open to a balcony with a view. The master retreat features a sitting area with fireplace and walk in closet. The lower level has a media room and second family room with French doors that open to a patio. One of the bedrooms would make a perfect maids quarters or guestroom. There is a three car garage that has a direct entry to the home with an elevator for easy access to all levels.

The beautifully landscaped backyard includes three levels of gardens. The lower level has a built in barbeque and pond. You must see to appreciate all of the details of this home.

2233 Via Cerritos  Palos Verdes estates  $3,290,000  sHort sale

Fabulous Gated Monte Malaga Palos Verdes Estates Home …with panoramic ocean and city lights view. Featuring 5 bedrooms and 5.5 baths, this home boasts 8,107 sq.ft. of living space situated on a 20,250 sq.ft. lot—a prime location surrounded by other multimillion homes. The grand entry hall features high ceilings and marble flooring. Indoor racquetball/basketball court. Gourmet kitchen with granite countertops and wood cabinets. Separate formal living room and family rooms. both with fireplaces. There is also an additional family room with a bar counter. All bedrooms are located on the upper level. Master bedroom has fireplace with a huge master bath. Views can be enjoyed from every bedroom. Priced to sell! This property will not last long!

2013 Via Cerritos  Palos Verdes estates  $3,799,900

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

Custom Mediterranean Estate Architect Tony Ashai & Saridakis Construction created this 7,188 sq.ft., 6 bedroom and 6½ bathroom estate on a spectacular 21, 650 sq. ft. lot. This jewel will impress your most discerning clients. Built with only the finest appointments including venetian plaster, French doors and hardwood and travertine flooring throughout. The home includes a circular driveway, courtyard with fountain, double staircase entry, living room, gourmet kitchen opening up to the family room, an office, large master suite with its own balcony to enjoy the partial ocean view, home theater, elevator and sauna.

The backyard is perfect for entertaining with a pool, spa and a full outdoor kitchen with built-in barbeque and bar, gazebo with trelleses and fireplace, long driveway leads to a 3-car garage. No expense spared!

2812 Paseo del Mar  Palos Verdes estates  $4,599,000

Location! Location! Location!

Situated on the bluff of Paseo Del Mar with unobstructed panoramic ocean and Queen’s necklace views. Boasting 3,364 SF on a 11,880 SF lot this home features 4 BD & 3.5 BA; formal living & dining rooms both with views of the ocean; a tastefully remodeled kitchen featuring Thermador appliances, maple cabinets with double pull-out pantries and granite counter tops. There is also a separate family room off the kitchen that leads into the backyard. Backyard features pool & spa, grassy area and a patio with a fire-pit. Master bedroom features walk-in closet, newly remodeled bathroom with built-in maple cabinets & a steam shower and a balcony that overlooks the ocean. All bathrooms have been remodeled with extensive use of travertine, slate and glass tiles. Other features include a front circular driveway, fireplace in living room and a 3-car garage. This is truly a must-see!

Priced to sell.

1640 Paseo del Mar  Palos Verdes estates  $2,499,000

Pride of Ownership in Lower Lunada Bay Custom Spanish hacienda with four bedrooms and 2¾ baths all on a single level. Fabulous kitchen with marble counter tops, custom cabinetry and state of the art appliances that opens to the family room. Quatersawn oak floors throughout the home. Vaulted distressed beam ceilings, surround sound, venician plaster, Arte International front door and lighting. Delightful front patio, three car garage. Very tropical private backyard with pool, jacuzzi, outside fireplace, patios, built in barbecue and lush landscaping with fabulous ocean and vista views. Best in indoor/outdoor living. Close to all three schools and Lunada Bay Plaza.

1753 addison road  Palos Verdes estates  $2,199,000

OVER $120 MILLION SOLD SO FAR IN 2010

Newly Re-Built Custom Spanish Hacienda Style Home with Partial Coastline Views Boasting just over 5,000 sq.ft. with 5 bedrooms and 5.5 bathrooms including a separate casita; formal living room with ocean view and fireplace.

Dining room with fireplace and butler’s pantry. Family room is an entertainer’s dream with built-in full bar and wine storage; extensive use of walnut hardwood and limestone flooring throughout; office/media and a full laundry room with new appliances. An amazing custom kitchen combines luxury and functionality beyond description! Flowing into an incredible family room equipped with a dozen skylights, vaulted ceilings and builtin entertainment area. 3,000 sq.ft. is new construction and the remaining has been completely rebuilt. All plumbing electrical and heating/airconditioning are new. Other features include plushly landscaped backyard with pool and spa, outdoor half bath and fireplace; 3-car garage; 4 zone central heating and AC system and security system. All of these on a 13,880 sq.ft. lot!

900 Via Del Monte  Palos VerDes estates  $2,799,000

Custom Mediterranean “Monte Malaga Gated Estates” Home in Palos Verdes Estates Located on a very quiet cul-de-sac street with some city light views. Large grand open entry hall, formal living room, dining and family room. 7 bedrooms and 5.5 bathrooms; private backyard with pool and spa, BBQ, fire pit. Custom features include marble fireplaces; french doors; audio/video surround sound system; large kitchen with double ovens, granite counter-tops and breakfast nook. Home is bright and airy with two living rooms, skylights, 3-car garage. Large flat backyard and space for kids to play. Priced to sell!

924 Via MiraDa  Palos VerDes estates  $3,599,000

Beautiful Ocean Front Home Located at Lunada Pointe Bluffs of Palos Verdes Peninsula on one of the most desirable streets, this modern home, designed by legendary architect Marshall Lewis, offers the best of indoor and outdoor living. 7,800 sq.ft. of living space on 1.3 acres of land, with 4 bedrooms plus an office, living, dining and family rooms, recreation room with sauna, exercise room and a wine cellar designed by Paul Wyatt with capacity for 2,200 bottles and a wine tasting room. Most of the living area is on the first level. Additional features include a 4-car garage, gated estate, community tennis courts, easy access to trails, extending 5 miles, panoramic ocean, Catalina and sunset views, whale watching and easy access to Los Verdes and Trump golf courses. Priced to sell! Great opportunity to buy a comtemporary style home on the ocean front. DO NOT miss this property!

91 Marguerite  rancho Palos VerDes  $5,999,000

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

Panoramic Ocean and Catalina Views Elegant and sophisticated home located in Oceanfront Estates boasting over $1M in upgrades! Featuring an open entry leading to the living room; gourmet kitchen with spacious dining area and butler’s pantry; an art studio and a master suite complete with balconies and luxurious master bath.

Double spiral staircases lead downstairs to a large family room with wet bar and 4 bedroom suites, each with French doors leading to the manicured grounds outside, salt water pool and spa, outdoor BBQ and expansive lawn with numerous fruit trees.

53 Paseo De la luz  rancho Palos VerDes  $4,490,000

Ocean Views from Every Room This original “model” estate, with over $2.3M in upgrades, offers 6 bedrooms and 6½ bathrooms in 8,337 sq.ft. of luxurious living space with the most breath-taking panoramic ocean views. Featuring a grand entry with a double staircase and Onyx inlay floors; gourmet kitchen with mosaic countertops, top-of-the-line Viking appliances and center island opening out to the family room with a fireplace, built-in entertainment center and full bar.

The elegant formal dining room seats 14, and along with the living room, opens out to the spacious backyard and infinity pool, spa, fountain, flat grass areas, including a putting green. The master retreat hosts a fireplace, huge walk-in closets and a large balcony. In addition, there is a library, office/ study, elevator and home theater and all major rooms boast panoramic views of the Pacific Ocean! With exquisite finishings throughout including custom crown moulding, designer window coverings and custom cabinetry—all on a 32,770 sq. ft., professionally landscaped lot with a 4-car garage.

11 Via Del cielo  rancho Palos VerDes  $7,900,000

Find your Zen in this Secluded Haven This magnificent 6,450sq.ft. Mediterranean home located in Oceanfront Estates, boasts the most breathtaking panoramic ocean views enjoyed from almost every room. With 5 bedrooms and 7 bathrooms—including a separate casita—this home exemplifies tranquility at its best, surrounded by private patios, outside fireplaces, numerous fountains, gardens, infinity pool and spa with solar heat system, outside bar and fireplace, manicured grounds and lawns. Patio entrance, formal living and dining rooms, office and kitchen with a center island, granite countertops, Viking appliances and French doors leading out to 420sq.ft. loggia. A second family room downstairs hosts a full bar and direct access to the spectacular backyard. Luxurious details throughout including 6 fireplaces, walnut floors, custom cabinetry, coiffure ceilings and solid wood crown mouldings. The home has a private driveway, 4-car garage and approved plans to add a 420sq.ft. media room—all on a 27,081sq.ft. lot.

33 Via Del cielo  rancho Palos VerDes  $4,999,000

#1 REALTOR IN CALIFORNIA, #3 IN THE NATION* *Source: Wall Street Journal, 2009

Entertainer’s Dream Home High in the Sky Situated on the very top of Crownview Drive this home offers panoramic, unobstructed ocean and city light views from Malibu all the way to the Harbor. Boasting 7,587 sq.ft on a 34,950 sq ft. lot with 7 bedrooms and 7.5 baths. Entry hall with marble floors, high ceilings with a large dome shaped skylight. Gourmet kitchen with a center island, granite counter tops and double ovens. Formal living, family and dining rooms on main level have hardwood floors. Master bedroom upstairs features two walk-in closets and a large master bath with a spa tub. Views of ocean and harbor from almost every room. Other features include a gym room; library with built-in shelves; a second family room upstairs; stone fireplace in living room; a 3-car garage; and extensive use of windows and skylights throughout. Private backyard has a pool and spa that overlooks the expansive views. This is a great home for entertaining and on 4th of July enjoy fireworks from the front porch and upstairs balconies.

3323 Crownview Drive  ranCho Palos verDes  $2,699,000

Fabulous Tennis Court Estate with Panaramic Ocean and City View Completely remodeled contemporary style home features 5 bedrooms and 41/2 bathrooms totalling 4,781sq.ft. on a 1.38 acre lot! With panoramic ocean and city lights view, this home offers formal living, dining and family rooms; a gourmet kitchen opens to family room, breakfast area, granite floors, subzero refrigerator, double ovens and two dishwashers; large master bedroom with high ceilings, fireplace and ocean and city light views. Newly remodeled master bath with marble floors, double sink, vanity, walk-in closet and skylight. Large game room or second family room upstairs features hardwood floors with a wet bar, fridge and microwave. Outdoor amenities include pool and spa; built-in BBQ with refrigerator and a stove, fire pit; patio with trellis; full size tennis court; kids’ playhouse and grassy area; 3-car garage and extra parking. Very lush and green, this home is tucked away from the street and is very private and serene. Easy access to freeways.

30259 Palos verDes Drive east  ranCho Palos verDes  $2,399,000

Contemporary, Custom “Green” Home Gorgeous contemporary custom designed “Green” home with unobstructed panoramic Ocean View from Dana Point to Malibu as well as Trump Golf Course and Terranea Resort. In the evenings enjoy panoramic sunset views of Catalina. Home features 5 bedrooms and 6.5 bathrooms on a 23,936 sq.ft. lot. Super bright, airy floorplan encompassing indoors with outdoor area with extensive use of “Fleetwood” glass doors and windows, windows wired for auto shades. Large open kitchen with breakfast area that opens up to outdoor patio with infinity pool/spa, TVs and fireplace. Dining room with an aquarium. All hardwood floor in bedrooms and family room. Six fireplaces, media room, Commercial wine cellar, private elevator, 3-car garage and large, fully landscaped yard. Architecture by Envirotechno. Green features include energy efficient lighting fixtures such as LED and flourescent; lighting controls on sensor and motion controls; water efficient plumbing controls; drought tolerant landscape; energy efficient glazing; natural materials throughout.

2923 vista Del Mar  ranCho Palos verDes  $4,999,000

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

Rare Opportunity to Build a Dream Home!

One acre lot with spectacular unobstructed panoramic ocean views, located on the border of Palos Verdes Estates and Rancho Palos Verdes. Conceptual plans available to build a magnificent 11,000 sq. ft. one-of-a-kind Italian Villa overlooking the majestic Pacific Ocean.

3334 Palos verDes Dr. west  ranCho Palos verDes  $2,999,000

Sharp Home with Motivated Seller!

Gorgeous custom built home, completely re-built in 1998. Conveniently located near Rolling Hills Country Club with easy access to the freeways, this 4 bedroom, 4 bathroom home is on a large, flat lot on cul-de-sac street in the Palos Verdes Unified School District. Featuring an open and inviting entry, gourmet kitchen with built-in appliances, center island and breakfast nook with bay window, formal dining room, living and family rooms with fireplaces and French doors leading to backyard, and an office/exercise room. The spacious master suite hosts a sitting room with fireplace, balcony overlooking the pool, walk-in closets and a master bath with Jacuzzi tub and separate vanities. Boasting custom built-ins, bay windows, skylights and gorgeous details throughout. The beautifully landscaped, large backyard includes a pool, spa, patio area with built-in BBQ and outdoor dining table and a gazebo with heaters. 3-car garage with work area.

13 BriDlewooD  rolling hills estates  $1,799,000

Perfect for a Growing Family Charming one-level home with great curb appeal located on a cul-de-sac street. Featuring 4 bedrooms and 3 bathrooms with 2,567 sq.ft. on a large 18,300 sq.ft. lot; bright spacious living room; dining area in living room; family room has a fireplace; and master bedroom with sliding doors that lead out to patio area. Large private backyard with pool, spa and a fire pit. Partial canyon and city light views can be enjoyed from the living room. Other features include inside laundry area; 2-car garage; a long driveway with ample parking space; and a beautifully landscaped front yard. Elementary school is located approximately a block away.

30 MoCCasin lane  rolling hills estates  $1,299,900

SHOREWOOD’S #1 AGENT

A Simply Elegant Home Brand new custom built home set up high on a hill crest with panooramic ocean, coastline and city light views with 180 degree view from Malibu to downtown L.A. Architecture by Roger North with an emphasis on indoor and outdoor living—it invites you with a long 20-foot wide driveway which ends at a large motor court. Home features 4 bedrooms and 4.5 bathrooms, 4,320sq.ft. of living space on a 2.74 acre lot (per seller). Large entry with 17 ft. ceilings throughout, large kitchen opens up to great room. Gourmet kitchen with all Thermador stainless steel appliances and large walk-in pantry; Santos Mahogany hardwood and travertine floors throughout; cherry cabinets with tons of storage space; large 3-car garage with high ceilings, dual zone heating and AC. Owners have approved plans for 80x30 barn and infinity pool—lots of grass area and upper pad is ideal for guest house or barn.

Owners went through great expense to have sewer connection. Easy to show, priced to sell, home will not last!

0 cheStnut  ROlling hillS  $3,999,000

Pristine Ranch Style Home With Panoramic City Lights, Canyon and Mountain Views!

Conveniently located near the main gate, this designer-perfect home boasts 5 bedrooms and 4½ bathrooms with an 800 sq.ft. guest house complete with kitchen, bedroom, living room, fireplace and views. Completely rebuilt in 2002 with exceptional attention to detail and amenities including vaulted and beamed ceilings, hardwood floors, custom crown moulding, skylights, extensive use of natural stone and central vacuum system. Entry opens to great room with formal living room with fireplace, French doors and formal dining area. The gourmet kitchen features granite counter-tops, custom cabinetry, subzero refrigerator, six burner Thermador range and oven, center island, large walk-in pantry and opens out to a family eating area and family room with fireplace and bar. Views enjoyed from almost every room! The master retreat has a fireplace and walk-in closets. The 1.7 acre beautifully landscaped grounds include a pool, 100 rose bushes, 40+ fruit trees, flat grass areas and room for horses.

6 MeaDOwlaRk  ROlling hillS  $2,999,000  ShORt Sale

Fabulous Equestrian Property Located on 2 Fully Usable Acres!

The main house features 4 bedrooms and 3.5 bathrooms and a 1,500 sq.ft. guest house. Featuring a formal living room and dining room, gourmet kitchen with granite countertops and built-in appliances that opens to the family room with a full bar. The master retreat hosts a sitting room, fireplace and a master bathroom with a Jacuzzi tub and sauna. Updated with newer roof, hardwood floors, vaulted ceilings, French doors, lots of built-ins and extensive use of natural stone in the bathrooms. The guest house was also remodeled with 2 bedrooms, 2 bathrooms and a living room. Expansive and private grounds include large pool, fire pit, fountains, lush landscaping and room for a barn and more!

12 JOhnS canyOn  ROlling hillS  $3,250,000

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

Great Location with Income Potential Charming 3 bedroom, 3 bathroom home with rental unit located in the sand section, just 2-blocks from the beach! Upper unit features 2 bedrooms, 2 bathrooms and unobstructed panoramic ocean and white water views. Lower unit features panoramic ocean views from living room, kitchen, dining area and mother-in-law quarters with separate entrance. 2-car garage is currently shared between the units. Shared laundry in garage. Prime location. Close proximity to the beach, dining and shopping!

3019 Bayview  Manhattan Beach  $1,799,000

Just Two Blocks from the Beach These contemporary townhomes designed by architect, Pat Killen feature 4 bedrooms, 4.5 bathrooms and approximately 2,912–2,976 square feet of living space. Features include a gourmet kitchen with top-of-the-line appliances and bamboo granite, great room with fireplace, separate family room, master suite with fireplace and master bath with jetted tub and stand-alone shower with waterfall feature. Spacious rooftop deck with beautiful views.

Bamboo floors throughout and carpet in the bedrooms. Prime location just 2-blocks from the beach. 2-car garage with direct access.

717 BROaDway  ReDOnDO Beach  $1,399,000 - $1,449,000

Prime Strand Location!

This ideally located duplex features one unit with 4 bedrooms and 2 bathrooms; and a second unit with 2 bedrooms and 2 bathrooms.

Duplex is in move-in condition with income at $120K per year. Great opportunity to own on The Strand with potential to build brand new single family home with approved plans

808

the StRanD  heRMOSa Beach  $3,999,000

SPECIALIZING IN RESIDENTIAL & INCOME PROPERTIES

palos verdes office manhattan beach office

310.698.4545 310.379.2167

www.RajuSells .com

The Best on The Strand is Here!

This luxurious custom built contemporary beach front home unlike no other home on The Strand is designed

by Louie Tomaro. Features a Vantage lighting system and is wired for Creston automation system for fully integrated intelligent control over lighting, comfort, entertainment and security. A chef’s dream kitchen with a Thermador range with double oven, microwave and warming drawer, Fisher & Paykel double tall dishwasher, Subzero built in refrigerator with freezer drawers. Light, bright and airy with floor to ceiling windows that illuminate the entire home with natural light. Perfect for indoor and outdoor entertaining with formal living room, family room, formal dining, theatre room, game room, wine cellar and large rooftop deck. One-of-a-kind finishes and custom appointments throughout! Stunning panoramic sand, white water and Pacific Ocean Views.

Lease for $20,000/month with option to buy.

2624 The STrand  hermoSa Beach

MORE THAN $2 BILLION IN LIFETIME SALES

Opportunity Knocks!

Here is a unique opportunity to own a property with two separate homes in the SAND SECTION of Manhattan Beach ◆ 2 separate homes on a huge 40' x 90'

street to alley RM lot ◆ Beach cottage has 2 bedrooms and

2 bathrooms with 1,414 sq.ft. ◆ Back house is a 1,268 sq. ft. loft ◆ 2 car garage and 2 carports ◆ Only 4 blocks to ocean sand and surf ◆ Great starter home for a family:

located only1 block from renowned Grandview Elementary School ◆ Walk to restaurants shops and

downtown Manhattan Beach

Offered at $1,350,000

◆ Builders and developers—

this is a dream lot: large and flat!

Buyer to verify existing zoning lot and building square footage.

Rachel Ezra

Broker Associate Dream it… See it… Achieve it! Where the Beach is your home.

Direct 310.400.0297 Office: 310.546.7561 x407 Fax: 310.546.6097 Rachel@RachelEzra.com • www.RachelEzra.com 3300 Highland Ave. Manhattan Beach

home of the week

Mid-Century Modern Estate Spectacular 5000 sq. ft. architectural Mid-Century Modern estate recently extensively remodeled with impeccable taste and design to 21st century standards. Distinctively set on a ¾-acre corner lot with a large circular drive, this 5 BD & 4.5 BA w/pool provides expansive space with stunning light and a design perfect for entertaining. The formal entry opens to grand public spaces including a breathtaking living room with unique copper fireplace, wet bar, mirrored dining room, and family/media room with fireplace. Features include slate floors and glass walls with 16 ft. high ceilings which provide ocean and city views. A large, elevated 600 sq. ft. wrap-around balcony deck dramatically expands the interior space. Enclosed landscaped grounds include; a 5-hole putting green, rose garden, play areas, pool and a terrific outdoor living room patio complete with fireplace and TV hook-ups. A truly sensational resort-like setting providing quintessential indoor/outdoor California living.

Features include a gourmet cook’s Kitchen with porcelain tile floor, large east facing breakfast area, all new top-of-the-line KitchenAid 48” stove top, built-in microwave and double convection ovens, 48” KitchenAid refrigerator, built-in wine cooler and large center granite topped island affords an ideal culinary work area. High quality designer touches and exquisite detailed finishes are found throughout. The luxurious Master Bedroom & adjoining Master Bath includes a spacious walkin closet and an enclosed private gym room with steam shower and spa. There are four additional light and bright guest bedroom/office/studios and 3 bathrooms, including a remarkable mirrored guest bathroom with granite counter, spa tub and slate floor, a separate large laundry room with alternate access, and an additional hidden powder room off of the main entry. An attached “man-cave” three car garage with room for 12 additional on-site parking spaces and incredible bonus storage rooms and closet areas complete this impressive estate.

With its premium Palos Verdes address this is LA modernism at its best. Quiet, private and secure, this estate property is a luxury worth the pursuit.

For more info, visit www.SouthBayDigs.com www.SouthBayDigs.com

Come help us celebrate the launch of South Bay Digs, the South Bay’s only 100% niche real estate magazine and multi-channel real estate platform.

Enjoy live music, food & drink and get connected to the most influential “movers & shakers” in the local real estate scene at one of the finest properties in all of the South Bay… the Lawrence Harris Residence in Hermosa Beach— a landmark of modern beach living.

Friday, November 12, 4:00-7:00 pm 3410 Hermosa Avenue, Hermosa Beach RSVP @ wdow@southbaydigs.com or call 310-373-0142 Sponsored by:

Eli Fairfield, Retail Sales Manager Bank of America Home Loans

Gerard Bisignano

11.05.10 | south bay digs

29

Your opportunity to live in the South Bay’s most prestigious, private, gated community…

Manhattan Village The Place to Live

• Minutes to the beach • Community pools & spas • Bike & jogging paths • Walking distance from mall with restaurants, shops, movies & more

• Lushly landscaped open areas • Golf course adjacent • Private tennis club adjacent • Private entrance to quality shopping

Conveniently located!

Minutes to the 405, Century Freeway, LAX & the Green Line and biking distance to the beach!

22 FAIRWAY DRIVE

4 STRATFORD

56 SAUSALITO CIRCLE

21 MARIN COURT

• Prime golf course location with lake views

• Popular floor plan, 3 bdrms +office—close to 3,000 sqft.

• Golf course location— on the fourth green

• Private location/large patio

• Largest townhome, 3 Bd +bonus rm & den, over 2,300 sqft

• Fabulous Beverly Hills designer

• 3 bdrms, over 2,000 sqft

• Remodeled kitchen & baths

• Kitchen and breakfast nook

• Recent kitchen remodel w/ granite counters, stainless appliances & hardwood floors!

• Master bdrm on main level!

$1,299,000

Open Sat & Sun 1-4

$1,599,000

• Fabulous open floor plan with large family room & breakfast nook

$1,149,000

NiNa Michaels 310.318.0413

Manhattan Village Resident 20 years • CRS–Broker • DRE #00727210

NinaMichaels@att.net • ManhattanVillage.net

• 2 Bd +den, over 1,500 sqft

Open Sat & Sun 2-4

$799,000

Infinite Views

807 Esplanade 807 ESPLANADE REDONDO BEACH REDONDO BEACH

I nspired by the Inn at Santa Marina in Mykonos, Greece, this 4 bedroom and 4.5 bath custom-built masterpiece on the Esplanade features 3500+ square feet graciously spread over three levels. Take pleasure in the awe-inspiring PANORAMIC views of the surf, sand, and sea spanning the entire Santa Monica Bay from Palos Verdes to Malibu from every room.

PRICE UPON REQUEST TED CRADDOCK

REALTOR速 DRE # 01753302

310.245.5954

Ted.Craddock@SouthBayBrokers.com

www.807Esplanade.com JACK GILLESPIE

BROKER DRE # 00426498

310.802.4344

Jack.Gillespie@SouthBayBrokers.com

JACK GILLESPIE Experience is Everything

LUXURY CAPE COD BEDROOMS: 5 BATHS: 5.5 SQ. FT: 3,973 PRICE: $2,499,000

742 33RD STREET, MANHATTAN BEACH Located in the highly sought-after Manhattan Beach Tree Section, this quality Cape-Cod inspired home is truly one of a kind. Enjoy 3,973 sq. ft. of living space in this tri-level home featuring a Gourmet Kitchen equipped with GE Professional & Viking appliances, a Formal Dining Room with a two-tiered coffered ceiling & wainscoting, Formal Living Room and Family Room plus a multifunctional Great Room with plenty of storage for media equipment or the like. The property features a spacious and playable landscaped enclosed front yard, as well as a rear stone patio perfect for entertaining. There is also a 3-car garage, elegant White Oak floors, Granite and Marble throughout, crown molding, designer touches and so much more.

WWW.74233RDSTREET.COM

CALL 310.546.7611 EXT 344 WWW.JACKGILLESPIE.COM

JACK GILLESPIE

BROKER速 DRE # 00426498 jack.gillespie@southbaybrokers.com

JACK GILLESPIE Experience is Everything

Once in a Lifetime Opportunity 1

2

(1) 319 23rd Place MANHATTAN BEACH

(2) 2315 ALMA AVE MANHATTAN BEACH

• 1 bed & 1 bath /600 sq. ft. of living space • Lot Size: 2,700 sq. ft.

• Lot Dimensions: 30 x 90 • Zoning: MNRM • Adjacent to Corner Location • Offered at $1,479,000

• 3 bedroom & 2 bath home/2,022 sq. ft. of living space • Lot Size: 5,400 sq. ft.

• Lot Dimensions: 90 x 60 • Zoning: MNRM • Double Lot • Corner Location • Offered at $2,895,000

www.31923rdPl.com

www.2315AlmaAve.com

CALL 310.546.7611 EXT 344 WWW.JACKGILLESPIE.COM

Potential for wonderful home site, lots are currently in a R-2 (2 unit multi family) zone.

JACK GILLESPIE

BROKER® DRE # 00426498 jack.gillespie@southbaybrokers.com

Academy Hill Home, Palos Verdes Peninsula offered at $1,299,000 It is all about “details” in this perfect, refined, subtle-contemporary home. Nestled at the end of a cul-de-sac, location provides privacy.

Amenities include four bedrooms, three updated bathrooms on two levels. Master bath and dressing room are a recent high-end remodel.

Private pool, spa, gorgeous Jatoba wide plank wood floors throughout, cathedral ceilings, unique Brazilian cherry custom cabinetry, custom closets. Three Murano glass chandeliers and two fireplaces. Ideal for outdoor entertaining with modern St. Charles kitchen leading to pool.

Twinkling city lights, sunrise, purple mountain views. Perfection.

30379 Camino Porvenir, Rancho Palos Verdes offered at $2,225,000 The distinctive redesigned and remodeled home by architect/owner bears the signature for custom sophisticated amenities and whimsical stylish accents. Panoramic ocean and Catalina views encompass the entire home.

Enjoy sunsets relaxing in the salt-water solar Infinity pool and spa. Five bedrooms and four bathrooms, family room, formal dining room, and media-game room are only a few of the highlights. Unique custom features exist throughout—visible in the design of the ceilings, the choice of flooring, the combinations of granite and cabinetry, the plumbing and electrical modernization, wired for media integration, and so much more!

424 Calle Miramar, Redondo Beach offered at $599,000 This sweet newly-updated Hollywood Riviera Townhouse has two full master suites, a half-bath on main floor, and a gorgeous new updated kitchen with all-new stainless steel appliances. New carpet and paint throughout. For summer. there are two large decks off each level for barbecuing and lounging, and for winter, a fireplace and sky lights. Open floor plan, direct garage entry, quiet location.

End unit with lots of windows! The complex remodel is underway making this a wonderful investment.

er nothLS. a e v I ha on M But it NOT me! un Call

1405 Via Gabriel, Palos Verdes Estates offered at $1,599,000 Located in the heart of Palos Verdes in the quiet, prestigious residential neighborhood of Montemalaga, this unique custom-built home exudes warmth and contentment. An open floor plan makes this home perfect for entertaining. Main rooms and four bedrooms are on one level, fifth bedroom and fourth bath, large media/ guest quarters/play room, and storage closets are downstairs. Beautiful cathedral wood ceilings, soaring windows, fireplaces, decks, 3-car garage, and award-winning schools. Tree top view feels like Carmel.

Linda Cavette

Former Probate Paralegal & Previews Property Specialist Life is a journey, measured and remembered by the homes in which we live.

Cell 310.722.7550

Voicemail 310.544.8455 LKCavette@aol.com • www.LindaCavette.com DRE #01294734

Panoramic Views from Catalina to Malibu

30182 Cartier Drive, Rancho Palos Verdes Offered at $1,745,000 • • • • • •

four bedroom four bath fireplace Separate library Kitchen with granite counters Stainless steel appliances

• Newer windows • custom blinds • Marble flooring • Hardwood floors

www.30182CartierDrive.com

Jane Angel Office cell

310.791.6022 310.292.2290

68 Malaga cove Plaza, Palos Verdes estates JaneAAngel@aol.com • JaneAngelSellsHomes.com International Sterling Society

This week’s real-time market stats...

Aurelio Mattucci 310-920-9233

524 S. Pacific Coast Hwy, Redondo Beach 90277

am@mattucci.com

For Lease—Ready for Beauty Salon and Spa

1020 S. Pacific Coast Hwy, Redondo Beach 90277

numbers

Single-family homes

2041 Pacific Coast Hwy.

Suite B, Lomita, CA 90717

Featured Property!

New! Executive Office Suites

TJ Parker 310-678-0929

326 S. Pacific Coast Hwy, Redondo Beach 90277

tjparkr@msn.com Retail/Office, 200 –1,000 Sq.ft.

“Sea Breeze Plaza” 1926 S. Pacific Coast Hwy, Redondo Beach 90277

1300 Pacific Coast Hwy, Redondo Beach 90277

Only three spaces available

116 S. Catalina Ave, Redondo Beach 90277 Executive office suites

south bay digs | 11.05.10

Sunday, October 24, 2010

MANHATTAN BEACH • 90266

Sunday, October 24, 2010

Median List Price $1,370,000 Asking Price per Square Foot $697 Average Days on Market 141 Percent of Properties with Price Decrease 62% Percent Relisted (reset DOM) 16% Percent Flip (price increase) 2% Median House Size (sq ft) 2,548 Median Lot Size (sq ft) Less than 4,500 Median Number of Bedrooms 4.0 Median Number of Bathrooms 2.5 Median List Price Asking Price per Square Foot Average Days on Market Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increase) Median House Size (sq ft) Median Lot Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms

$1,637,000 $700 120 43% 8% 2% 2,982 4,501-6,500 4.0 2.8

PALOS VERDES ESTATES • 90274 Sunday, October 24, 2010

Median List Price Asking Price per Square Foot Average Days on Market Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increase) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms Median Number of Bathrooms

$1,829,000 $559 82 44% 11% 5% 3,587 0.25-0.50 acre 4.0 3.0

RANCHO PALOS VERDES • 90275 Sunday, October 24, 2010 Median List Price Asking Price per Square Foot Average Days on Market Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increase) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms Median Number of Bathrooms

REDONDO BEACH • 90277

Office and Retail

36

Data Courtesy of Altos Research Corporation LLC. All information contained 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. We recommend you work with a licensed real estate agent or broker for input in buying or selling real estate.

For Lease 2,600 sf

HERMOSA BEACH • 90254

$1,244,500 $470 126 49% 11% 1% 2,563 0.25-0.50 acre 4.0 2.5

Sunday, October 24, 2010

Median List Price Asking Price per Square Foot Average Days on Market Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increase) Median House Size (sq ft) Median Lot Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms

$1,099,000 $512 147 50% 13% 7% 2,183 4,501-6,500 4.0 2.0

www.SouthBayDigs.com

CLICK PLAY

CLICK PLAY

www.SouthBayDigs.com

11.05.10 | south bay digs

37

free the best things in life are

South Bay open house listings now online!

Realtors — Promote your open house listings FREE at www.SouthBayDigs.com When we say FREE, we mean FREE—no strings attached.

Simply log-in, create a user name and password and start adding your open houses immediately. You’re in control—add property descriptions, photos and contact info—as many properties as you like.

www.SouthBayDigs.com 38

south bay digs | 11.05.10

www.SouthBayDigs.com

Jeannie Penner-More Realtor / Loan Consultant

310.259.6570

Jeannieshomes@aol.com • www.JeanniesHomes.com DRE: 01076415

NEW LISTING COMING SOON!

OCEAN VIEW—

Hermosa Beach Home approx 2100sf., 4 bedroom 2.5 bath $829,000

Ocean View Mediterranean Style Masterpiece!

Ultimate Beach Lifestyle – One Block to Beach!

Proud To Make This Your Family Home!

515 Sapphire * Redondo Beach

616 S Broadway #A • Redondo Beach

5502 Carmelynn Street * Torrance

5 bdrm | 4 bth | ~3868sqft.(buyer to verify) | Large Roof Deck

3 bdrm | 2.5 bth + Library | ~2407 Sqft. (buyer to verify)

3 bdrm | 2 bth | ~1120 Sqft ~6360 sqft. Lot (buyer to verify)

With utmost attention to detail and elegance rarely seen in the South Bay, this amazing home utilizes only the finest materials – blending both grace and charm with a modern sensibility.

Ocean & PV views surround the superior designs that accencuate the passage of light to interiors, providing a feeling of serenity and openness while maintaing the privacy of each room. Features include elegant entry with vaulted ceiling, architectural arches, spiral staircase, beautiful hardwood / travertine floors and huge gourmet kitchen with granite counter tops and stainless steel appliances. A first impression you will never forget!

Breathtaking sunset views are yours in this bright and airy home with designer touches throughout.

Spiral staircase leads up to the elegant living area with gourmet kitchen with granite counter tops, stainless steel appliances, hickory cabinets, hardwood floors and a formal dining area with French doors leading to private deck. The over sized master suite features a fireplace, walk-in-close, his or her bathroom complete with Jacuzzi tub and walk in shower. Located on the best 2-block stretch of South Broadway with extra wide streets and a short block to the beach.

Pride of ownership in this single level, meticulously cared for home. Spacious and beautifully landscaped yard is perfect for family gatherings and entertaining. Enjoy ocean breezes and a short ride to the beach. Features include newly refinished hardwood floors thoughout the living room and bedrooms, kitchen with extra large storage cabinets with separate breakfast nook. Walking distance to West High School and other award winning distinguished schools.

Offered at $1,629,000 www.SouthBayDigs.com

Offered at $605,000

Offered at $1,099,000 11.05.10 | south bay digs

39

This Private Gated Estate offers one of the most spectacular views on The Hill. It is situated directly across from the Palos Verdes Golf Club.

Panoramic views span over the golf course, ocean, The Queen’s Necklace, Malibu Mountains, The City of Los Angeles, and beyond. There is ample guest parking. Balconies run the entire length of the home with a large Spanish tiled patio adjacent to the family room.

The spacious interior was designed by Juan Forteza Designs and includes 5 bedrooms, 4 baths, 2 family rooms, 3 marble fireplaces, gourmet kitchen, living room and dining room of this 4,049 sq ft of home on over an acre lot. The master suite has a walk-in closet, marble fireplace, bathroom with dual sinks, marble counters, bidet, Jacuzzi tub, and custom flooring…

Offered at $2,135,000

RM

Ralph Manuel 310.749.5768

RManuel@pvexecs.com DRE# 01859870

Co-Listing Agent Shari Bakotich

Cell phone 310-972 1612 • remaxshari@yahoo.com • DRE#01086221 63 Malaga Cove Plaza | Palos Verdes Estates, CA 90274

1215Granvia Altamira,, Palos Verdes Ests.

17,250 Sq. Ft. Lot~Totally Useable

4 Bdrms, 3 1/2 Baths ~ 2900+ Sq. Ft. Granite Kitchen/Baths ~Air Conditioning Hardwood Floors ~ Crown Moldings!

Circular Drive ~ Dining Deck across Back !

Priced to Sell at‌.

$1,599,000!

Carol Adams

RE/MAX Hall of Fame 310-378-0723

WWW.CAROLADAMS.COM For Virtual Tour!

DRE# 00806559

7 Sea Cove Drive, Rancho Palos Verdes

24 8th Street, Hermosa Beach

3410 Hermosa Avenue, Hermosa Beach

Great opportunity to purchase a rare coastal lot with plans for a 4000 square foot Marmol Radziner contemporary design home with 100 feet of frontage. Lot is across the street from the coastline. Lot is over 10,000 square feet and offers awesome ocean and coastline views. Sea Cove is a highly desirable street filled with some of Palos Verdes most desirable homes and has a private path to the beach and coastal tide pools. Close proximity to Terranea Resort, Abalone Cove, Portuguese Bend Club and Shoreline Park. Build home as a primary residence or a second home. Home across the street is said to be Frank Lloyd Wright’s last residential project. Land directly across the street is not buildable allowing for unblockable views. Buyer and buyer’s agent to verify all information. Seller is open to a joint venture for spec project. $775,000

Fantastic new contemporary home in the heart of downtown Hermosa just two doors from the strand and sand, Gourmet kitchen with walk-pantry comes complete with commercial Viking appliances, granite counter tops, custom cabinets and hard wood floors. This home is equipped with elevator, beautiful decks including one on the roof which is engineered and ready for a spa and BBQ to enjoy the city and whitewater views. Spacious open floor plan, living room with fireplace, master has a walkin closet, large his/her bath, jacuzzi tub. House is wired for stereo, alarm as well as high speed internet (CATS). Hermosa Beach living at it’s best!

Architectural Digest’s Editors’ Selection October 2010. A masterpiece in art & living. These worlds meld in this testament to post modern design.

An early work by the internationally acclaimed Morphosis design team, Thom Mayne & Michael Rotondi, this blending of stainless steel, concrete & natural elements combine to create a stunning home of epic architectural significance. Featured in the New York Times, this 4000+ square foot home has 4 levels with living room, dining room & kitchen all situated on the top floor to take full advantage of the spectacular ocean/coastline views.

The entrance opens to a 3-story, semi-circular atrium. 2 sets of stairs trace a path through the structure that has an elevator, 3 bedrooms, a wine cellar, 2 fireplaces & a family room. Unobstructed ocean views from PV to Malibu, home has been called “the tallest home in Hermosa Beach.”

$2,595,000

$3,495,000

Artfully Representing “ Navigating the Real Estate market can be challenging during these uncertain times.

As a partner with Peninsula Sotheby’s International Realty I can offer you unsurpassed exposure and experience in the marketing of your home or when representing you in the purchase of a home. Please call me on my cell phone at (310) 990-4727.” —Gerard Bisignano

Gerard Bisignano is a life-long resident of the South Bay. He has been selling luxury real estate in our coastal community for over 19 years. He has been a consistent top producer and in 2009 became a partner/owner with Peninsula Sotheby’s. He received his MBA from Loyola Marymount University and served eight years on the Redondo Beach City Council. His marketing efforts have produced two homes named L.A. Times “Home of the Week” and he has been featured several times on NBC’s “Open House Los Angeles.” He has marketed one of the highest priced homes ever listed on the Manhattan Beach Strand and is known for being a top agent for luxury real estate from Manhattan Beach to the Palos Verdes Peninsula.

1600 The Strand, Manhattan Beach

3137 Barkentine Rd., Rancho Palos Verdes

1956 Hermosa Avenue, Hermosa Beach

Grandieur Embodied. First time to market. Ray Kappe Design-”His designs evince a mastery of warm, modern spaces, clearly expressed construction systems, and environmental sensitivity.”Situated on a prime Strand north corner and a 1 minute walk to downtown. Built prior to current codes, allowing for a rare rooftop pool, expansive top decks and over 5200 sq feet. Floor to ceiling windows allow panoramic whitewater views from PV to Malibu. Concrete, steel and stone, this contemporary masterpiece is accessed through a pivoting sculpted stainless steel door. Downstairs is a Strand level media room and 2 glass enclosed bedrooms. Entry level has the kitchen, dining area, huge granite bar and a wine room. Top living level has the master bedroom and spa quality bath.

Stairways lead to the rooftop pool and expansive entertainment outdoor area. Rounded and angeled, this home embraces the coastline. This home has 3 large open fireplaces-a Kappe signature- 3 car garage and an elevator to the roof.

Architecturally significant home by noted Mid Century Modern architect Foster Rhodes Jackson.

Situated at the end of a cul-de-sac and next to the nature preserve, this home offers amazing privacy and views. Large glass walls expose expansive views of the ocean, Catalina, bluffs, white water, canyon and nature preserve from all rooms(no power lines or poles). There is a state of the art tracking solar system that can cover most power needs, a large garage, parking pad and extra parking on the street. Viking kitchen, automatic awnings, new baths, A/C. Awesome location, out of the slide zone and situated in an area considered to have the best weather in Palos Verdes. Walk to the beach or hike the many nature preserve trails. 3 bedrooms, 2 baths, fireplace, modern interior and view decks.

Den/office could be 4th bedroom and has a closet.

Jackson was a fellow under Frank Lloyd Wright and reveals this inspiration through the richness of his organic and awe inspiring design.

Your classic Beach Home with unobstructable PV to Malibu ocean and whitewater views, a stones throw to the sand and walking distance to both downtown Hermosa Beach and Manhattan Beach.

Big views, decks, lots of light and a back yard. Upgraded, clean, bright and charming with good sized kitchen, dining area and living room with expansive views. Classic Spanish tile in the bathrooms and backyard jacuzzi, fireplaces in the master bedroom and living room, backyard area with landscape and tiled jacuzzi, balcony off the kitchen and marvelous ocean view entertainment deck. Home has been lovingly maintained, has hardwood floors throughout and a large 2 car garage currently used as an office. The home is situated directly across the 20th street walkstreet so you look straight down to the sand.

$13,500,000

$1,399,000

$1,599,000

Estates of Epic Architectural Significance Gerard Bisignano Peninsula Sotheby’s International Realty Cell: 310-990-4727 Office: 310-376-6004

Peninsulasir.com | Gerard@HouseAtTheBeach.com DRE: 01116110

When you buy or sell real estate in the South Bay, chances are you’re making a $1,000,000 decision.

It’s a big decision.

We understand.

That’s why we’re so passionate about the details.

We pay attention to the ‘little things’ so your decision is the right one, every time.

When Buying or Selling a Home in the South Bay, Make Your Decision…

REAL ESTATE Timothy J. Corbett 310.848.4786 corbettfs@aol.com