south bay
™
WWW.SOUTHBAYDIGS.COM JANUARY 13, 2012
FIND YOUR PLACE.
a
queen in monte malaga
Check the details on p61
Once in a Lifetime Opportunity to Own a Prime 4700 sq. ft. Estate on a 1.13-Acre Mostly Usable Lot with Panoramic Ocean & Queen Necklace Views! Offered by Raju Chhabria, Shorewood Realtors
10choose me
OUT OF
potential clients
9
WHO INTERVIEW ME AND AT LEAST 2 OTHER
DID I MENTION THE VIEWS • 233 1ST STREET, MANHATTAN BEACH Incredible Panoramic Ocean Views 2 Blocks to the Sand Maple Hardwood Floors & Cabinets with Granite & Travertine Counters
This stunning 2003 built 4 Bedroom 3.5 Bath townhome is located at the highly sought after south end of Manhattan Beach, where good properties like this are scarce; with truly some of the best ocean views you will ever see, and an open floor plan from which to enjoy them
All for $1,699,122
A MOST PREMIER LOCATION • 704 PACIFIC AVENUE, MANHATTAN BEACH Chef’s island kitchen with granite and tile counters and top quality appliances Spectacular Ocean Views Chef’s island kitchen with granite and tile counters and top quality appliances
Custom built in 1997, with superior materials throughout, including Marvin windows, oak flooring and cherry cabinets. Lovt is 8,960 sq.ft. (56 X 160)
Offered at $4,495,000
AGENTS
coming soon
TO MANHATTAN BEACH
2 exciting new contemporary townhomes DESIGNED BY MICHAEL LEE • BUILT BY KIM KOMICK
unparalleled design, sleek detail, and quality amenities 2207 BAYVIEW DR.
2,880 Square Feet, 3/4 Bedrooms MASSIVE views - Unique Roof Deck to enjoy them
Offered at $2,700,00 2208 MANHATTAN AVE.
2,495 Square Feet, 3 Bedrooms + den Nice Ocean Views - Including White Water Peek One Block to the Sand
3-D walkthrough available
Offered at $2,495,000
RobertFreedman Twitter.com/LetFreedmanRing
310-291-7779
N O OT H E R R E / M A X AG E N T H A S S O L D M O R E R E A L E S TAT E I N T H E T H R E E B E AC H C I T I E S C O M B I N E D !
exceeding expectations
Experience the Difference Experience the Difference
5/1 Jumbo ARM, No Points, 2.875% (3.24% APR ), $1,500,000
New Initial Payment payments 1-60: $6,223. 3.24% fully indexed rate, payments 61-360: $6,572
5/1 Jumbo ARM, No Points, 2.875% (3.24% APR ), $1,500,000
New Initial Payment payments 1-60: $6,223. 3.24% fully indexed rate, payments 61-360: $6,572 Dear Neighbors,
AsDear an FDIC insured National Bank, BANK OF MANHATTAN has access to a significant amount of capital over what Neighbors, Dear Neighbors, traditional warehouse line funded mortgage companies have available. With an experienced mortgage management As an FDIC insured National Bank, BANK OF MANHATTAN has access to a significant amount of capital team, understand it takes line for loan officers to be successful byhave setting high service competitive over they what traditionalwhat warehouse funded mortgage companies available. Withstandards, an experienced ANK OF MANHATTAN has access to a significant amount of capital what As an FDIC insured National Bank, B mortgage management team, they understand what it takes for loan officers to be successful by setting pricing and offering alternatives in addition to the commoditized mortgages of the big banks. Local over presence high service standards, competitive pricing and offering alternatives addition to the commoditized traditional linehave funded mortgage have available. Withinan experienced mortgage management ensures ourwarehouse clients will mindcompanies inensures knowing their loanwill officers have personal with their mortgages of the big banks.peace Local of presence our clients have peace of mind relationships in knowing their team, they understand what it takes for loan officers to be successful by setting high service standards, competitive loan officers have personal relationships with their BANK OF MANHATTAN underwriting, processing, BANK OF MANHATTAN underwriting, processing, and closing team – ensuring a seamless mortgage experience. and closing team –alternatives ensuring a seamless mortgage experience. mortgages of the big banks. Local presence pricing and offering in addition to the commoditized ensures our clients will have peace of mind in knowing their loan officers have personal relationships their CHRISTIAN with SALCEDA Christian Salceda experience. BANK OF MANHATTAN underwriting, processing, and closing team – ensuring a seamless mortgage SVP, Western Region SVP Western Region, Mortgage Lending 310.798.5501 | BankManhattan.com
CHRISTIAN SALCEDA
310.798.5501
|
SVP, Western Region
TRUST . PARTNERSHIP. SECURITY . COMMITMENT . www.bankmanhattan.com 310.798.5501 | BankManhattan.com
Hermosa Beach • El Segundo • West Los Angeles • Woodland Hills • San Diego
TRUST. PARTNERSHIP. SECURITY. COMMITMENT.
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
Christopher Almonte 310.798.5508
Beth Antilla 310.606.8045
David Curry 310.606.8028
Jim Darr 310.798.5518
Rick Ellis 310.798.5519
Todd Fite 310.798.5512
Karen Georgouses 310.798.5516
Ron Goodlin 310.798.5514
Rick Heard 310.606.8011
Nate Kuchera 310.798.5504
Rick Ellis 310.798.5519
Todd Fite 310.798.5512
Karen Georgouses 310.798.5516
Ron Goodlin 310.798.5514
Rick Heard 310.606.8011
Nate Kuchera 310.798.5504
Ron Murray 949.612.7713
Bree Noble 310.321.1424
Jonathan O'Donnell 310.798.5507
Malcolm Stevens 310.321.1423
Marcie Tatman 310.606.8035
Ron Murray 949.612.7713
Josh Reikes 310.798.5509
Jonathan O'Donnell Malcolm Stevens Josh Reikes Bree Noble 310.798.5507 310.321.1423 310.798.5509 5/1310.321.1424 Jumbo ARM, No Points, 2.875% (3.24% APR ), $1,500,000
Marcie Tatman 310.606.8035
Payment does not include taxes and insurance, actual payment will1-60: be greater. $6,223. Example assume a3.24% $1,500,000 loan amount financed at the rate, APR term noted above at maximum 70% Newexample Initial Payment payments fully indexed rate, payments 61-360: loan-to-value, 38% DTI, with a 700 credit score and 1 year prepayment penalty. The loan program example above converts to 2.25 over 1 year Libor after the initial fixed rate period adjustable annually thereafter. As of 1/9/2012, the 1 year LIBOR index is 1.13%. 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 1/9/2012. The payment noted above are principal and interest payment. Terms may vary, conditions and restrictions apply. Actual rate for the loan is determined time oftaxes rate and lock insurance, based uponactual program and terms Rates and termsaare subject toloan change without notice.atHazard insurance be required. NMLS# 401422 Payment example does notatinclude payment will berequested. greater. Example assume $1,500,000 amount financed the rate, APR termmay noted above at maximum 70% ©2012 Bank of Manhattan, N.A. loan-to-value, 38% DTI, with a 700 credit score and 1 year prepayment penalty. The loan program example above converts to 2.25 over 1 year Libor after the initial fixed rate period adjustable
Trust. Partnership. Security. Commitment.
annually thereafter. As of 1/9/2012, the 1 year LIBOR index is 1.13%. Nothing herein is or should be interpreted as a commitment to lend. All loans are subject to credit and property approval. Rate and Annual Percentageand Rate (APR) stated above are asProduct of 1/9/2012. The payment noted above are principal interest payment. Terms may conditions and restrictions apply.approval. Actual rate Certain limitations conditions may apply. availability is subject to change at anyand time. Lending products arevary, subject to credit and collateral 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. Hazard insurance may be required. NMLS# 401422 NMLS#401422 © Bank of Manhattan, N.A. ©2012 Bank of Manhattan, N.A.
$6,572
SO
LD
LILY | LIANG Presents: Marketing that Worked!
1608 Via Fernandez, Palos Verdes Estates 16,000 SF | 70,000 SF Gated Lot | 9 Bedrooms, 12 Bathrooms | Fully Furnished | Pool/Jacuzzi, Tennis Court, Gardens & Lily Pond 5-car Garage plus 10 or more Parking spaces | Designed by famous Architect Tony Ashai Gym, Wine Cellar, Library, Walnut built-in Bookcases, Gourmet Kitchen.
LD SO
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www.1608viafernandez.com | Offered at $10,990,000
6,994 sq.ft., 26,641 sq.ft. Lot, 5 Bedrooms, 6 Bathrooms, Resort Style Pool/Spa, Over $1 Million in Upgrades.
5,285 sq.ft., Renovated 2010, Like New, 1/2 Acre Lot, 5 Bedrooms & Library.
$4,999,000
$3,799,000
$2,490,000
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8,758 sq.ft. 6 Bedroom, 6.5 Bvaths, Catalina Views, Huge Master Suite, Gourmet Kitchen, Huge Pool & Spa, Library, Office, 6 Fireplaces.
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6892 Alta Vista, Rancho Palos Verdes
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53 Paseo De La Luz, Rancho Palos Verdes
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1500 Paseo La Cresta, Palos Verdes Estates
609 Via Horquilla, Palos Verdes Estates
6508 Via Baron, Rancho Palos Verdes
1225 Via Coronel, Palos Verdes Estates
1609 Via Garfias, Palos Verdes Estates
4 Bedrooms, 6 Baths 5600 sq.ft. Home, Sweeping Golf Course, Coastline, City Lights & Mountain Views.
Best Kept Secret with Ocean & Catalina Views, Walking Trail by Bluff Terranea Resort, 4,645 sq.ft., Great Floor Plan.
Lovely Ocean View Home in Lunada Bay, 2500 sq.ft., 4 Bedrooms, Hdwd or Tile Floors, Walnut Cabinets, Private Backyard with Spa.
4 Bedrooms, 3 Baths, 2,367 sq.ft. Fantastic Value & Potential One House on Two Parcels, Great Ocean Views.
$2,499,000
$1,499,000
$1,148,000
$1,100,000
Palos Verdes’ Finest Homes & Estates for over 29 years!
1696 Via Coronel, Palos Verdes Estates 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 the architect Don Hendrickson. 5 bedrooms, 9 bathrooms, 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 and Outdoor Kitchen, a desirable N/S Tennis Court, and a 9-car Garage.
$7,499,000
8 San Miguel, Rolling Hills Estates
1609 Via Barcelona, Palos Verdes Estates
7,985 sq.ft. Home with 5 Bedrooms, 6 Bathrooms, Library, Gourmet Kitchen with Secondary Kitchen, Game Room.
One Level Home, 4,260 sq.ft., 4 Bedrooms plus Office, 7 Bathrooms, Huge Master Suite, Pool & Spa, 4-Car Garage.
Views from Catalina to Malibu, 4,700 sq.ft., 5 Bedrooms, 5 Baths, Completely Remodeled, Gourmet Kitchen, Pool & Spa.
$4,195,000
$2,799,000
$2,298,000
1271 Via Landeta, Palos Verdes Estates
729 Via Del Monte, Palos Verdes Estates
5 Mela Lane, Rancho Palos Verdes
Over 6,800 sq.ft. w/ View, Pool/Spa, Quiet Street, Panoramic Views, One of the lowest price per square foot in Upper Lunada Bay.
Panoramic City, Ocean & Queen’s Necklace Coastline Views, 4 Bedrooms, 3.5 Baths, Fantastic Outdoor Living Area.
Completely Upgraded, 3 Bedroom, 3.5 Bath In a Highly Desirable Gated Community, Gourmet Kitchen, Breakfast Nook, Over 3000 sq.ft.
$2,698,000
$1,998,000
$995,000
LIS NEW TI NG
65 Paseo De La Luz, Rancho Palos Verdes
LILY | LIANG 310.373.3333 www.lilyliang.com | lily@lilyliang.com dre #00837794
JACK ********* YO U R R E A L E S TAT E B R O K E R FOR 38 YEARS
endless ocean views
2909 Bayview Drive MANHATTAN BEACH This elegant 3 bedroom, 3.5 bathroom single family home is situated atop Bayview Drive and boasts seemingly endless ocean views! This home includes over 2400 sq ft of living space as well as beautiful custom finishes throughout, including hardwood and marble flooring. This home is also at the perfect location being just a short walk from downtown shops and restaurants in both South and North Manhattan Beach! You will absolutely love everything about this home!
Offered at $2,299,000
GILLESPIE ********* K N OW L E D G E , E X P E R I E N C E , 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
tree section perfection
766 33rd Street, MANHATTAN BEACH This beautiful 5 bedroom, 5 bathroom home has over 4800 sq ft of living space and sits on an over-sized 55x126 lot. It features a large, open floor plan with living room, family room and formal dining area. It also boasts guest quarters, a hobby room/office, a spacious master suite with reading room, and a backyard with patio grass area and spa that is perfect for entertaining! This home is located on one of the best streets in the Manhattan Beach Tree Section. You will love to live here!
Priced to Sell at $2,499,000
(310) 802-4344 JACK.GILLESPIE@SOUTHBAYBROKERS.COM DRE # 00426498
{ dreams }
noun a strongly desired goal or purpose: something that fully satisfies a wish
It’s your time… Market conditions are favorable and time is on your side. It’s a great time to make your move.
I have a plan…
Whether you’re considering buying or selling a home, call on the GO-TO realtor to help you navigate the market to your advantage and make new home dreams your reality.
TRICIA RAPAPORT THE GO-TO REALTOR TRAPAPORT@REMAXPV.COM
310-378-1163 WWW.THEGOTORE.COM DRE # 01339473
OUR KNOWLEDGE IS OUR ONLY SOURCE OF INCOME we will not ask for your trust, we will earn it.
coming soon...
THE ALTAMURAS IN THE TOP 1% OF ALL REAL ESTATE AGENTS IN AMERICA FOR THE PAST 20 YEARS. 2011 PERFORMANCE: OVER $35 MILLION IN REAL ESTATE SALES
310.503.9293 GIO ALTAMURA ALTAMURA1@GMAIL.COM
310.291.5603 JOHN ALTAMURA ALTAMURA1@GMAIL.COM
310.309.7595 VINCENZO ALTAMURA ALTAMURA1213@GMAIL.COM
FEATURED LISTINGS! Large South Redondo 5 Bedroom Home
NEW LISTING
418 S. LUCIA AVE. REDONDO BEACH 5 Bed | 4 Baths | 3,616 sq. ft. living 6,343 sq. ft. lot with a large kid friendly yard Oversized Chef’s Kitchen OFFERED AT
1,299,000 OPEN HOUSE SATURDAY & SUNDAY FROM 1-4PM
Panoramic Ocean View Condo 709 N. JUANITA #5 REDONDO BEACH 3 Bed | 2 Bath | Huge Balcony REDUCED!
$629,000
$609,000
BACK ON THE MARKET 601 S. PROSPECT #305 REDONDO BEACH
FELL OUT OF ESCROW
NOW AVAILABLE REDONDO BEACH ESPLANADE ESTATE
2 Bed | 1 Bath | Top Floor End Unit | Brookside Village Priced to Sell!
NOT ON MLS 5 Bed, 6 bath, 4,800 sq. ft. New Constructed in 2007!
OFFERED AT
OFFERED AT
$329,000
$3,295,000
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
SEE MORE LISTINGS AT
SPECIAL YEAR OVER YEAR ANALYTICS: 2010-2011 10
REGION
2010 PPF
2011 PPF
CHANGE
1
RANCHO PALOS VERDES - EAST
$396
$423
6.78%
20
2
RANCHO PALOS VERDES - WEST
$455
$441
-3.09%
5
3
ROLLING HILLS
$604
$660
9.29%
0
4
ROLLING HILLS ESTATES
$444
$428
-3.55%
-21
5
PALOS VERDES ESTATES
$541
$533
-1.33%
2
6
SOUTH REDONDO BEACH
$441
$431
-2.23%
21
7
NORTH REDONDO BEACH
$365
$347
-5.17%
-33
8
HERMOSA BEACH
$588
$582
-0.97%
-22
9
EAST MANHATTAN BEACH
$475
$474
-0.18%
11
10
MANHATTAN BEACH
$674
$714
5.90%
0
9
7
UNITS SOLD Y/Y
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
2
TONY’S BLOG
3
1
Welcome to 2012 my fellow real estate watchers! We’ve created a special year end report above and while there’s nothing really surprising here, it translates to the typical answer when people ask how the market is... “it’s mixed”. Certainly interesting information which can be interpreted many different ways but rather than speak to my personal optimistic view, let’s talk more about what the future indication may be of this data. Current data illustrates various signs of healthy sectors however none more significant then those in the luxury home products. Look at the Manhattan Sand section where we’re seeing many of the sales being recorded as second homes and Rolling Hills which continues to increase in value with a disproportionate level of supply as great examples. Conversely, the product in areas where the average selling price is in the $800k range is yet again recording declines and one has to wonder when this is going to end. That said, my prediction is we’re in for another record year of luxury sales in the area (including another top price paid record as we did in 2011 in the South Bay) and we’ll see the other areas begin to flatten out as the election year comes to an end.
(Visit Tony’s web site regularly to see more blogs and videos)
WANTED! UP TO $2M BUYER LOOKING FOR RPV OCEAN VIEWS
BUILDER CLIENT IN SEARCH OF PRIME ROLLING HILLS/PALOS VERDES LAND
HERMOSA BEACH BUYER LOOKING FOR OCEAN VIEWS
INVESTOR IN SEARCH OF PENINSULA/BEACH AREA INCOME PROPERTY
Young Couple looking for their dream home with more than 3,500 square feet of living, Pool (or room to install one), and the views must be from the entertaining areas of the home
Prominent South Bay builder looking for home site with the ideal location including ocean views and a minimum lot size of 10,000 square feet
Newlyweds looking for creative financing on an ocean view home in Hermosa Beach. Looking for Seller Financing, an All Inclusive Trust Deed deal, or lease option and ready to negotiate’
Experienced investor looking to expand their portfolio with additional residential or commercial income properties
BEACH CITY TONY
ANOTHER OCEAN VIEW MASTERPIECE HOME! 228 33rd Street, Manhattan Beach This Stunning Custom built home features spectacular white water views and top-caliber construction! An ideal location at the crest of the hill, just two blocks to the sand and walking distance to shops and restaurants, this striking home offers some of the best ocean views in all of Manhattan Beach. Sophisticated design with a clean aesthetic, high ceilings, edge-butted windows, french doors leading to the two viewing decks, open great room plus gourmet kitchen with stainless appliances. Handsome master suite includes oversized steam shower, tall vanity with gorgeous stone countertop, and walk-in closet.
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.
Open Saturday & Sunday
www.JaneSager.com
On one of the Most Desirable Walkstreets in Manhattan Beach! Impossible to duplicate today this wonderfully spacious family
home boasts over 4500 square feet of living area plus a four-car Jane JaneSager’s Sager’sseasoned seasonedperspective perspectiveis isyour your garage. The charming walkstreet patio at the crest of the hill a built in BBQ – an entertainer’s dream with French advantage advantagewhen whenbuying buyingororselling sellinga home. afeatures home. doors leading to the family (or media) room, oversized bar area with beverage cooler, dishwasher and 260 bottle dual wine Four bedrooms and 4.5 baths plus an option for a fifth henhen it comes it comes to your to your realreal estate estate transaction, transaction, JaneJane believes believes it’scooler. equally it’s equally bedroom – a rare find in the Sand Section. Ideal location in important important to understand to understand the the big big picture picture as itasisittoisfocus to focus on the on the small small details. details. the heart of downtown Manhattan Beach and three blocks to In the In the end,end, herher goalgoal is toishelp to help youyou achieve achieve exceptional exceptional results results and and enjoy enjoy the the the sand, this home has one incredible ocean view.
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lifestyle lifestyle of your of your dreams. dreams. ButBut to get to get there, there, JaneJane knows knows it takes it takes steadfast steadfast attention attention to detail to detail andand careful careful analysis analysis to make to make suresure every every element element is inisplace in337 place for for success. success.Manhattan Beach 16th Street,
$2,699,500!
(310) 748-0677 With With more more thanthan 20 years 20 years experience experience in the in the South South BayBay areaarea market, market, JaneJane www.JaneSager.com approaches approaches your your move move from from every every perspective perspective to ensure to ensure the the bestbest possible possible results. results. www.JaneSager.com From From defining defining your your big big picture picture goals goals to handling to handling every every vitalvital detail detail throughout throughout the the process, process, sheshe applies applies herher expertise expertise to help to help youyou make make the the right right decisions decisions for for your your future. future. CallCall herher today today andand discover discover the the difference difference for for yourself. yourself.
3300 Highland Ave. Manhattan Beach, CA 90266 REALTOR ®
REALTOR ®
Jane Sager, CA Lic.# 01001004
(310) (310) 748-0677 748-0677 www.JaneSager.com www.JaneSager.com
JaneJane Sager, Sager, CA Lic.# CA Lic.# 01001004 01001004
A
For Jane Sager Real Estate is an art form
s the South Bay’s leading Real Estate professional, Jane’s creative approach focuses on finding just the right personalized solution for her clients. Serving the area for more than 20 years, Jane’s in-depth knowledge of the coastal communities of Manhattan, Redondo and Hermosa Beaches helps her clients make the most of real estate opportunities on the coast. For Jane, success is about helping her clients make informed real estate decisions, while factoring in the climate of today’s current market conditions. Discover the difference Jane’s positive energy, expertise and creative approach to real estate will make for you. Visit Jane’s website: www.JaneSager.com for customized South Bay Listing Book real estate searches. Jane Sager, CA Lic.# 01001004
(310) 748-0677 • www.JaneSager.com
CONTENTS
42 SWEET DIGS
service with a view: a gas station is transformed into a modern prairie-style home by pamela corante-hansen photography by paul jonason
21 HOME OF THE TH T HE H E WEEK
the the ‘crème ‘crème de de la la crème’ crème’ of of palos palos verdes verdes estates estates in in lower lower lunada lunada bay bay just just steps steps from from the the ocean ocean bluff bluff with with panoramic panoramic views views offered offered by by george george fotion, fotion, call call realty realty
22 PUBLISHER’S PUBLISH PUBLIS HER’S MUSE HER’S dig-o-nomics dig-o-nomics –– 2011 2011 market market recap recap
26 LOOKING BACK B
clifford clifford reid reid and and the the hollywood hollywood riviera riviera –– shooting shooting for for the the stars. stars. by by denise denise kano kano
30 DIG THIS! THIS TH HIS! IS!
moto moto art: art: creating creating high high quality quality furniture furniture from from vintage vintage airplane airplane parts. parts. by by quinn quinn roberts roberts
54 LOCAL NUGGETS
eat-at-joes. eat-at-joes. aa well-oiled well-oiled machine machine after after 43 43 years years and and aa south south bay bay landmark. landmark. by by quinn quinn roberts roberts
61 ON O THE TH COVER
16
SOUTHBAYDIGS.COM | 1.13.2012
aa queen queen in in monte monte malaga: malaga: premier premier 4700 4700 sq sq ft ft estate estate on on aa huge huge 1.13-acre 1.13-acre lot lot with with unsurpassed unsurpassed panoramic panoramic ocean ocean & & queen’s queen’s necklace necklace views. views. offered offered by by raju raju chhabria, chhabria, shorewood shorewood realtors. realtors. cover cover photo photo by by paul paul jonason jonason
LET LAUREN AND JOHN OPEN DOORS FOR YOU
755 31ST STREET, MANHATTAN BEACH $1,875,000 Located on one of the finest streets in the Manhattan Tree Section, this Pre-Zorp (4055 square feet) home has it all! Four large bedrooms all on the same floor and each with their own en-suite bathroom and good sized closet. The master suite is large, with vaulted ceilings, huge closet and fabulous bath with unique high end finishes. Downstairs is completely open, perfect for entertaining, with living room, dining room, family room and front, sunny office or game room. The kitchen has top of the line professional appliances, granite counters and hand distressed custom cabinetry. The floors are distressed walnut and many of the walls are Venetian Plaster. This is truly a one of a kind home!!! Also, for a family with kids, this home has one of the best outdoor play areas available! Since it is street to alley, behind the home has a dead end or cul de sac alley where the children play basketball, ride their bikes and skateboards and play safely with no worry about cars, etc.
2222 HERMOSA AVE, HERMOSA BEACH $2,950,000 Better than new 2006 Louis Tomaro Spanish beach villa. 6 bedrooms, one currently used as a media room, and 6 bathrooms. The top floor is a large bonus room with bath, wet bar, fireplace & French doors leading out to “roof top” deck with fireplace and amazing white water views. The living space is bright and open and includes gourmet’s kitchen, large dining area, living room, office/nook, media room and bath–plus two patios. On the second floor, there are four bedrooms and three bathrooms, including a fabulous master suite with two walk-in closets, fireplace and large master bath. On the bottom floor is a guest suite & a large 4 car garage plus two car parking on the driveway (6 car parking). Additional amenities include: full size elevator, home automation system w/ security camera front entrance, lighting and audio control, 4 gas fireplaces/ 2 can be used as gas or wood. Surround sound in Living room, media room, game room and master bedroom. In addition, this home is completely wheelchair accessible.
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
HobinSBDigsMagazine0112TOPRINT.pdf
1
1/4/12
10:32 AM
DELIVERING CALIFORNIA REAL ESTATE EXPERTISE FOR 87 YEARS
PUBLISHER’S MUSE
HAPPY NEW YEAR! from The Hobin Company DIG-O-NOMICS C
M
2011 RECAP OF LOCAL REAL ESTATE STATISTICS: Single Family Residences
Y
CM
MY
Hermosa Beach | 90254 100 CLOSED SALES - Single Family Residence Average Selling Price: $1,655,824 Average Discount (List vs. Sales Price): -8.73% Average Selling Price Per Sq Ft: $671.89 Average Days on Market: 114 Minimum Selling Price: $440,000 Maximum Selling Price: $12,600,000 Total Market Valuation of Closed Sales 2011: $165,582,445
CY
CMY
K
Manhattan Beach | 90266 321 CLOSED SALES - Single Family Residence Average Selling Price: $1,774,698 Average Discount (List vs. Sales Price): -4.45% Average Selling Price Per Sq Ft: $649.12 Average Days on Market: 86 Minimum Selling Price: $570,000 Maximum Selling Price: $10,900,000 Total Market Valuation of Closed Sales 2011: $569,677,923 South Redondo Beach | 90277 84 CLOSED SALES - Single Family Residence Average Selling Price: $900,058 Average Discount (List vs. Sales Price): -2.38% Average Selling Price Per Sq Ft: $466.35 Average Days on Market: 78 Minimum Selling Price: $335,000 Maximum Selling Price: $2,550,000 Total Market Valuation of Closed Sales 2011: $75,604,845
SEEING IS BELIEVING
“They always say time changes things, but you actually have to change them yourself.” - Andy Warhol (1928 - 1987)
North Redondo Beach | 90278 166 CLOSED SALES - Single Family Residence Average Selling Price: $645,247 Average Discount (List vs. Sales Price): -1.66% Average Selling Price Per Sq Ft: $392.49 Average Days on Market: 78 Minimum Selling Price: $320,000 Maximum Selling Price: $1,500,000 Total Market Valuation of Closed Sales 2011: $107,111,020 Palos Verdes Peninsula (PVE, RPV, RHE, RH) | 90274, 90275 565 CLOSED SALES - Single Family Residence Average Selling Price: $1,355,189 Average Discount (List vs. Sales Price): -6.23% Average Selling Price Per Sq Ft: $474.84 Average Days on Market: 97 Minimum Selling Price: $407,500 Maximum Selling Price: $9,150,000 Total Market Valuation of Closed Sales 2011: $765,682,046
This issue’s front cover home offers a once in a lifetime opportunity to own a prime 4700 sq. ft. estate on a huge 1.13-acre mostly usable lot with unsurpassed panoramic ocean view. Offered by Raju Chhabria, Shorewood Realtors. Check out the details starting on page 61. Don’t miss this issue’s SWEET DIGS feature home – ‘Service with a View: A gas station is transformed into a modern Prairie-style home,’ starting on page 42.
after Challenge:
Solution:
before
High ceilings Lack of seating Uninspired use of color
Widow arches, pictures & tall palms to utilize vertical space Used back-to-back sofas & swivel chairs Repainted walls & added contrasting furniture
Finally, be sure to check out this issue’s Home of The Week on page 21 – the ‘crème de la crème’ of Palos Verdes Estates in lower Lunada Bay just steps from the ocean bluff with panoramic views offered by George Fotion, Call Realty. *Property data taken from MRMLS Closed Sale (SFR) Homes Sold in Manhattan Beach, Hermosa Beach, Redondo Beach and Palos Verdes Peninsula from January 1 - December 31, 2011. Information is deemed accurate but not guaranteed.
HAPPY NEW YEAR & BEST WISHES IN 2012! Hope you enjoy!
Custom Designs | Residential | Commercial Refresh | Custom Staging
818.601.5660 | www.JocelyneBorysDesign.com 18
SOUTHBAYDIGS.COM | 1.13.2012
Warren J Dow Publisher wdow@southbaydigs.com 310-373-0142
south bay
Live The Dream in Lower Lunada Bay
home of the week 2809 Paseo Del Mar | Palos Verdes Estates Crème de la crème of Palos Verdes Estates, “Lower Lunada Bay” offers the best of all worlds - outstanding location kissed by Pacific Ocean breezes, wonderful, friendly and warm nurturing neighborhoods, close proximity to all schools, panoramic ocean front views just steps away. 2809 Paseo del Mar then takes these elements and elevates them into higher orbit. This gorgeous, remodeled and spacious home nestled by over 1/2 acre (exceeding rare lot size with full land utility) and nearly 4,800sqft of living area will envelope your family in easy understated elegance for a lifetime. The sqft is distributed between 4652sqft of living area + another approx 250sqft workout room. This home is the ultimate entertainers dream with flowing floor plan and indoor/outdoor feel with easy access to the lit sport court, pool and flat yard expanses. Take a look at the pictures then call me for your private appointment to view this home today. As a bonus, there is even a Panoramic Ocean View from planned mezzanine for this home (plans may be included in sale of property)! Property address also known as 2800 Via Segovia.
Offered at $3,100,000
George Fotion Cell: 310.346.6467 george.fotion@homeispalosverdes.com
www.homeispalosverdes.com
SOUTH BAY HISTORY TIDBITS south bay
™
MASTHEAD
PUBLISHER Warren J Dow
HISTORY OF EL SEGUNDO BY MAUREEN MEGOWAN / RE/MAX PALOS VERDES EXECS Prior to El Segundo’s incorporation in 1917, this area was part of the original Spanish land grant for “Rancho Sausal Redondo” (“Ranch of the Round Clump of Willows”) in 1822, a
CREATIVE DIRECTOR Amanda Nelson-Sinagra
rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach. The land consisted of wheat and barley fields on which cattle and sheep grazed. In May 1911, five men representing the Standard Oil Company arrived here: Richard
DIGITAL MEDIA SPECIALIST Kieron McKay
J. Hanna and J.E. Howell of the Eclipse refinery of Franklin, Pennsylvania and John Black, Henry Foster and William Rheem from the Standard Oil refinery in Point Richmond, a city 18 miles east of San Francisco). They were surveying the area as a potential site for their next oil refinery. What was required was an area adjacent to the seashore so their tankers could
CONTRIBUTING PHOTOGRAPHER Paul Jonason
have appropriate access. The undeveloped nature of the site appealed to them because land costs had to be kept to a minimum. Also, the site had to be close to populated areas so it could attract enough employees. The “clump of willows” was just what Mr. Hanna’s team was looking for.
CONTRIBUTING WRITERS Pamela Corante-Hansen Quinn Roberts Denise Kano
Lastly, this new site needed a name. Richard Hanna’s wife, Virginia, deemed this expanse as “El Segundo”, (Spanish for “the second one,”) because the site was to be Standard Oil’s second oil refinery in California (The Point Richmond refinery was already christened as “El Primero”). Sometime later, a group of proud but unknown citizens had nicknamed it “El Segundo a nada” (Spanish for ‘second to none’). Standard Oil bought 840 acres of this land on June 11. The refinery opened for
DIGITAL MEDIA
business, just five and a half months later, on November 27, 1911, and just celebrated its 100th anniversary of operations. 1925 aerial shots taken looking northwest toward the Refinery. The area in the foreground is now the Manhattan Village Mall. The city remained a one-industry town until the 1920s, when Mine’s Field, a landing strip used by early barnstormers, was chosen as the site for the new Los Angeles Municipal Airport. Then, in the mid-1950s, Southern California Edison purchased a 43-acre site for a major electrical generating station. Naturally, the addition of the Los Angeles International Airport, which officially opened in 1930, had a major role in turning El Segundo into a aerospace center. The likes of Douglas Aircraft, Hughes Aircraft, Northrop and North American Aviation (Rockwell) all located in El Segundo during the 1940s and 1950s. Most of these aircraft-related companies would eventually transition into the aerospace/defense industry. In 1960, the creation of The Aerospace Corporation and Los Angeles Air Force Base gave El Segundo the esteemed title of “The Aerospace Capital of the World.”
www.SouthBayDigs.com
Today, the city encompasses over five square miles, and the city’s population has leveled off at approximately 16,500 residents, which has enabled the community to preserve the small town intimacy and charm. Source: http://www.elsegundo.org/working/history/default.asp
Download the South Bay Digs App at the Apple iTunes Store for iPhone & iPad South Bay Digs, 2554 Via Tejon, Palos Verdes Estates, CA 90274 Office: 310-373-0142 • Fax: 310-373-3493 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 © 2012 m3 Media, LLC. All rights reserved.
For more local history, see www.southbayhistory.com 20
SOUTHBAYDIGS.COM | 1.13.2012
22 MELA LANE, RANCHO PALOS VERDES
0 ROCKINGHORSE RD., RANCHO PALOS VERDES
This stunning 3 bedroom plus Office, 3.5 bath, 3.064 sq. ft. Home in the Private gated Villa Verde area is Decorator Perfect, with a 180 degree View from the Ocean to the Mountains, making for a spectacular “Queen’s Necklace” & City light View. It is Light Filled, with Soaring Ceilings, Hardwood floors, Leaded Glass Windows, and French Doors. The upstairs has an open Floor Plan in the Kitchen, Breakfast area, and Family room. Enjoy the views from the Balcony off of the Living Room or the Huge Lower Deck with a Spa overlooking the Community Pool. Other features include 3 Fireplaces, all Bedrooms with ”En Suite” Baths, Built-in Cabinets, Large Storage Closet and attached 2 Car Garage. 2 Tennis Courts, Gazebo, Spacious Green Grass and Open Space. This is very Private Enclave of 33 Homes with Security Gates.
Fantastic Upper Rockinghorse 4 bedroom, 2.5 bath 3,047 sq. ft. Family Home on approx. half acre lot and a second adjacent lot of similar size. The Living Room, Den and huge Family room provide wonderful living areas. Large backyard with Beautiful Pool and a 3 car garage. Home has been updated, has a new roof and shows beautifully. Features include all new paver stone pool deck and pool upgrades, new exterior painting and landscaping, new interior paint and carpeting, new door hardware and ceiling lighting fixtures, new bath fixtures, rebuilt fireplaces with gas logs in family room, living room fireplace, travertine entry floor, new front and back doors, new kitchen hardwood floor, freshly painted kitchen cabinets, and more. The home is off of Mustang on Upper Rockinghorse next to entrance to Rolling Hills. Sale includes an adjacent approx. half acre lot, that has been legally subdivided and is zoned for Horses. Owner desires to sell the home and the lot together.
Call to show by appointment.
Just Reduced to $1,225,000
Offered at $1,400,000
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
A P R O S P E R O U S 2 0 1 2 AWA I T S . . . aA Alm
What Would You Do…
l.
30th P
ve .
with this double corner lot on the North side of a prime flat walkstreet with big ocean views...?
30th
t
stree
Walk
The possibilities are endless… ... build your dream home? … hold as an investment with $8,000/monthly income? … develop into two single family homes? CALL FOR DETAILS
T H A N K Y O U T O A L L O F M Y L O YA L C L I E N T S O F 2 0 1 1 !
527 24th MB Jeremy’s Listing $1,395,000
636 30th St, MB Jeremy’s Buyer $1,699,000
3005 Poinsettia, MB Jeremy Buyer $2,099,000
1615 Magnolia, MB Jeremy’s Listing $898,000
557 21st St, MB Jeremy’s Buyer $1,599,000
222 John St, MB Jeremy’s Listing* $2,999,999
3624 Bell Ave, MB Jeremy’s Listing $1,085,000
751 26th St, MB Jeremy’s Buyer $1,799,000
3515 Vista Dr, MB Jeremy’s Listing* $749,000
2100 Pine Ave, MB Jeremy’s Buyer $1,995,000
OFF MARKET
2420 Highland Ave, MB 304 27th St, MB Jeremy’s Buyer Jeremy’s Listing* $1,700,000 $2,198,000
712 29th St, MB Lot Sale $962,500
OFF MARKET
3317 Vista Dr, MB Jeremy’s Listing $1,450,000
864 12th Ct, MB Jeremy’s Buyer $1,130,000
OFF MARKET
2807 Faber Ave, RB Jeremy’s Listing $595,000
1323 Helberta, RB Jeremy’s Buyer $710,000
621 Ocean Ave, MB Jeremy’s Buyer $3,500,000
*IN COLLABORATION WITH ‘THE PARKE GROUP’ LISTED PRICE AT TIME OF SALE
Jeremy Shelton CALL ME FOR MY POCKET AND UPCOMING LISTINGS
310.245.3705 jshelton@shorewood.com www.jeremysheltonhomes.com
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
raelord 621 South Gertruda | Redondo Beach
2213 Matthews Avenue #C | RB
3110 Merrill Drive #88 | Torrance
5 Bedrooms | 3 Baths | 2900 sq ft | 7600 sq ft
3 Bedrooms | 2 Bathrooms | 1806 sq ft | Two
2 Bedrooms | 2 Bathrooms | 1300 sq ft |
Lot | Two Levels | Stunning Ocean Views
Levels | End Unit Townhome!
Beautifully Remodeled – MUST SEE!
Offered at $999,999
Offered at $529,000
Offered at $375,000
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.
COMING SOON
A Treasure in the Sand
121 36TH PLACE, MANHATTAN BEACH
Large French Mediterranean Home
345 34TH STREET, HERMOSA BEACH
A custom Louie Tomaro designed Mediterranean Beach Masterpiece
Beautiful, like new family home, custom built in 2008 by Lane Builders
Approximately 2,600 sq ft of living space with a total of 4 bedrooms and 3.5 baths
Approximately 3,792 sq ft including 5 bedrooms and 5 bathrooms
Panoramic ocean views from entire top floor
Gourmet kitchen with big island, commercial Viking Range and top of the line stainless steel appliances
Sparkling white kitchen with top of the line Sub Zero and Viking appliances Premium Walnut Hardwood floors throughout the top floor, the stairwell, the lower level hallways and the master bedroom 3 bedrooms are located on the main floor with a large extra bonus room/4th Bedroom downstairs with access to a partially covered outdoor patio
Master suite has impressive master bath with huge spa tub, a separate shower and a large custom closet 360 degree panoramic views from roof top deck Ocean views from the kitchen, great room and living room too
A large useful basement is accessed from the garage and houses a 1,000 bottle wine cellar
Elevator, AC, composition slate roof, surround sound, hardwood floors throughout & wine cellar
Four car off-street parking is a luxury not often found this close to the water
3 short blocks to the beach and a flat 9 block walk to downtown Manhattan Beach
The 2 car garage has a dumbwaiter and is finished with a Garage Envy storage system
Steps to Robinson School and just 6 blocks to Valley Park
Robb D. Stroyke Stroyke Properties 920 Manhattan Beach Blvd, Ste 4 office: 310-545-9595 ext. 123 cell: 310-938-6008 robb@stroykeproperties.com
AL BR L O IN FF G ER S!
ES IN CR OW
!
IN VI FIN EW ITY S!
Representing Buyers & Sellers From Around The Globe.
4 Pine Tree | Rolling Hills
4364 Admirable Drive | RPV
22 Coronel Plaza | Palos Verdes Estates
This fantastic five bedroom, 7 bathroom home has unobstructed, panoramic ocean, coastline and city views. Very spacious home with approximately 10,000 sq ft of living space set on a picturesque 4.4 professionally landscaped acres.
4,000 sq ft home sits over a 13,000+ sq ft lot with infinity views of Catalina Island, Santa Barbara Island, Terranea Resort, Portuguese Bend Beach Club, Point Vicente Lighthouse & unobstructed white water ocean and coastline views. It was extensively remodeled in 1990.
Privacy and tranquility sets this awesome 3 bedroom, 2 bathroom home apart with spacious and open floor plan, vaulted ceilings, formal dining, beautifully restored marble and hardwood floors, new paint, updated bathrooms with custom tile and stone, and private backyard!
IN ESCROW / Asking $8,300,000
NEW PRICE! $1,999,999
NEW LOW PRICE! $949,000
“What people really care about is getting the job done and that’s where I excel. I get it done, And in the process, I help people achieve their dreams.”
PACIFIC LAND CORPORATION 4020 Palos Verdes Drive North #205 Rolling Hills Estates, CA 90274 All information deemed correct, but not guaranteed
CHRIS FITZPATRICK
Broker/Owner
310-519-0155
paclandcor@aol.com A reputation for excellent service in the exclusive marketing and sales of luxury properties.
LOOKING BACK
CLIFFORD REID AND THE HOLLYWOOD RIVIERA SHOOTING FOR THE STARS
WRITTEN BY DENISE KANO
Admiring the scenic beauty and a mild climate that reminded him of the elegant French Riviera, developer Clifford Reid fell in love with the unique, square-mile property along the coastline just north of Palos Verdes, and he visualized another Riviera. Reid had started his career in Portland, but with the exciting growth all over Southern California in the mid-1920s, he soon set his sights on this area. Entranced by the motion picture industry, and enthused about the open land south of Redondo Beach, Reid felt it was a natural location for the Hollywood crowd. He came up with the name, “Hollywood Riviera” as he imagined the hillside community as a movie star playground; notwithstanding the name “Hollywood” being good for advertising. In 1927, Reid began developing the 607 acres for the Huntington Land Company. There were original plans for a major thoroughfare connecting the area with Los Angeles, to be called the Hollywood Palos Verdes Parkway. Part of this is still in existence today as far as Torrance Boulevard. Reid began building homes with a Spanish architectural design in keeping with his original vision of a luxurious, Riviera-like oasis along the California coast. Reid’s home, located on Monte D’Oro, was the first home built in the Riviera and is still considered magnificent for the area. Early visitors to his home included Clark Gable, Gary Cooper, Clara Bow, Marion Davies, and John and Ethel Barrymore. Potential land buyers were taken by wagon, auto, and street car to the outlying sites, provided lunch, and given a promotional speech to persuade them to buy lots.
26
SOUTHBAYDIGS.COM | 1.13.2012
The real estate salesmen, all working for Reid, regularly went to hotels in order to seek out tourists and bring them to the Hollywood Riviera development for the sales pitch. In 1931, the Hollywood Riviera Beach Club opened on the cliff south of Redondo Beach. Reid saw this club as a central attraction whose glamorous image would help entice homebuyers. Residents of the Hollywood Riviera development automatically became club members, although dues were required to use the pool and for any special events. Also during this time, construction began on a $22,000 home located on Calle Mayor near Monte D’Oro for Mr. and Mrs. Leiland Irish of Hollywood, designed to provide “an atmosphere of hospitality found in the California hacienda homes of an earlier day,” according to the Torrance Herald. Although the Depression brought about uncertain times for the Hollywood Riviera, when the war ended there was increased development as more homes were built. In the 1950s, the modern-day “Riviera Village” was developed to ensure there were services and shops available to the residents. In the present day, the Hollywood Riviera maintains a distinct Mediterranean charm. Stroll through the eclectic Riviera Village on any given day and it’s not uncommon to see cameras set up for a film shoot of some sort, taking advantage of the area’s exceptional appeal. In this way, the Hollywood Riviera continues to attract the film industry and preserves its relationship with Hollywood, as first envisioned by Clifford Reid.
PHOTOGRAPHS FROM THE MARSHALL STEWART COLLECTION, TORRANCE HISTORICAL SOCIETY ARCHIVES
ARGENBRIGHT HOUSE
FIRST APARTMENT HOUSE
FRED MARLOW HOUSE
RIVIERA PREVIEWS Hollywood Riviera has a total population of 35,000 residents. The median age is 38.69. The average household income is $101,064.
DAVIS LATER ENGSTROM
The Hollywood Riviera is considered part of the City of Torrance, but a majority of the homes have a Redondo Beach zip code.
CLOSE HOUSE
The Hollywood Riviera Beach Club was destroyed by a fire in 1958, and the area is now known by locals as “Burnout Beach” in reference to the club’s demise. Two sets of stairs still stand leading up the hill from Torrance Beach that once led to the Hollywood Riviera Beach Club. DAISY O GEARY HOUSE
BROWN HOUSE
In 1963, a 160-foot high rise apartment building was proposed for the site of what is now Miramar Park (also called Dolphin Park). The plan was vetoed by Riviera residents.
XPERTISE BUY SELL INVEST SOUTH BA BEACH COMMUNITIES MARKET TRENDS NESS LEADERSHIP ECONOMIC CONDIT DREAMS LUXURY LIFESTYLE FINANCING NEGOTIATION MARKETING STRATEGY ESTYLE NETWORKINGRESULTS ST STRATE COMMUNICATION OMMUNICATION CONTINGENCIES AND THE ROPERTY PERTY MANAGEMENT EXPERTISE BU L INVEST SOUTH BAY BEACH COMMUNI MARKET RKET TRENDS BUSINESS LEADE LEADERSHI 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
PERFECTING EXPERIENCE
NEW CONSTRUCTION Tree Section Mediterranean Estate Manhattan Beach
5 Bedrooms | 4 Baths 3600 sq ft | Over-sized Lot (7050 sqft) Quality Finishes & Features | Circular Drive Brokers: Fri 12-2pm Open House: Sun 1-4pm
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
RE/MAX®
BEACH CITIES REALTY PALOS VERDES REALTY/EXECS
SOUTH BAY HOMES BY NICK SCHNEIDER 1305 8th Street • Manhattan Beach NEW LISTING COMING SOON! “LARGE EAST MANHATTAN FAMILY PERFECT HOME” • 6 bed 4 bath traditional family home in East Manhattan • Extra Large 7600 sq ft lot, 4100 sq ft of livable space • Large open floor plan with big rooms and tons on space! • Upgraded kitchen, new floors, custom built bar, large backyard on a quiet street! • Shown by Appointment ONLY, will be on MLS beginning of January!
Offered at $1,725,000
2260 Circle Drive • Hermosa Beach HAMPTON’S IN HERMOSA • STUNNING CAPE COD INSPIRED BEAUTY ON PRESTIGIOUS CIRCLE DRIVE! Location, Location, Location!! Stunning 2005 Built Craftsman with Cape Cod inspired detail this prime Circle Drive Home is California coastal living at it’s best! Family perfect and situated on a corner south facing lot this 5 bed, 4 bath home with nearly 3600 sq ft of living space includes an office, huge rooftop deck, 3-stop elevator, plus both front and back yards. Gorgeous hickory hardwood floors that flow throughout highlight and capture the light with this beautiful floor plan. Enjoy the rich tone of the custom cabinetry as well as the many intricate details from the custom tile inlays and custom built in’s to the beautiful accents throughout this home. Views to last a lifetime and a home that embodies the meaning of the city it sit’s, this is your chance to own one of the most gorgeous homes and the gem of the most prestigious street in all of Hermosa Beach on private and quiet Circle Drive!
www.2260circledrive.com
Offered at $3,549,000
52 The Strand • Hermosa Beach LOCATION, LOCATION, LOCATION..... CLASSIC HERMOSA STRAND LEASE LISTING!!! • 4 bed 3.5 bath, 2500 square feet • Large master bedroom with attached 600 sq foot deck with sweeping panoramic ocean views! • Quiet stretch of Hermosa Beach Strand, enjoy the sand and strand as your personal front yard!
$8,750 Per Month
NICK SCHNEIDER (310) 809-4875 nick.schneider@southbaybrokers.com “Your Home Grown Local Realtor.” DRE License#01867363
• 2010 TOP PRODUCER • 2010 SBAOR ROOKIE OF THE YEAR • REPRESENTED BUYERS IN THE HIGHEST RECORDED SALE IN THE CITY OF HERMOSA BEACH IN 2010
Information deemed reliable but not guaranteed. Buyer to verify. Pictures may have been enhanced.
• COMMISSION FOR EDUCATION FOUNDING MEMBER
DIG THIS
M OTO ART
30
SOUTHBAYDIGS.COM | 1.13.2012
W RITTEN BY: Q U IN N R O BE RTS When Dave Hall and business partner Donovan Fell moved their company to a 20,000 square foot facility in El Segundo last year, they knew it would be the perfect location only four miles from Los Angeles International Airport. That’s because both run MotoArt Designs, which creates high quality corporate and home furniture made from vintage airplane parts. “That is the beauty of El Segundo, that we are five minutes from the terminals,” Hall said. “We have a lot of clients, international ones that fly in, so it makes sense to be here. It really is the aerospace capital of California.” Right in the heart of the South Bay, MotoArt, which was born over 10 years ago in Hall’s garage, is now a thriving business. With distributors in Maryland, Italy, China and Malaysia, the company’s eclectic and functional creations have popped up throughout the world. MotoArt’s pieces can be seen far and wide, from a North Pole military base to Burj Khalifa, the tallest building in the world in the United Arab Emirates. Creating both corporate and home furniture, MotoArt clients include: Paramount Pictures, 19 Entertainment, Northrup Grumman and even highpowered celebrities. “It’s about owning a piece of aviation history,” Hall said. “We just kind of made it up as we were going along. There was no plan. “It has to be something fun and recognizable to the eye, so you look at it and know what it is.”
Making everything from wing desks to fuselage conference tables to albatross float tank couches, MotoArt finds parts in every corner of the country, many of which have come from Arizona and New Mexico. Hall and Fell also recently found a surplus of skeletal frames in the Midwest. Hall said many of the vintage pieces, including the B-25 bomber desk, have been found in such oddball places as barns or through long chains of people who know part owners. “I’ve seen our stuff installed in many different environments from offices to kitchens. People just like it because it is different and historical and tells a story,” Hall said. “We offer something very truly unique.” Yet, such unique ideas and features can come with a hefty price tag. While the custom made 1930 Wako conference table is the most expensive piece in MotoArt’s collection at $75,000, the company also has fuselage picture frames and piston desk watches that are under $300. MotoArt desks and conference tables, which are the company’s most popular items, range in price from $6,500 to $30,000 and $10,000 to $75,000, respectively. Each piece is crafted and assembled in El Segundo with up to 16 employees involved in the building, sanding and polishing of each item. “We just want to make a difference,” Hall said. “We wanted to make a name for ourselves and knew we had a great idea. I want to leave a mark. “We have a sense of wanting to change the world by thinking differently.”
1.13.2012 | SOUTHBAYDIGS.COM
31
It’s a New Year and Time for a Change. If your property listing has been on the market for over 60 days or has recently expired, let me show you how a fresh approach will help you sell your home quickly, without sacrificing your homes true market value.
In Real Estate, Time Really is Money! Call me For a Private No Obligation Consultation.
Chris Plank Shorewood Realtors | ChrisPlank@aol.com Cell (310) 849-1530 | Office (310) 546-7561 x443
www.ChrisPlankHomes.com
A Passion For Excellence acquire | build | develop
mattmorrisdevelopment.com 310.546.4300
Beautiful Family Home in East Manhattan Beach
! LD
Excellent floor plan open and inviting, 4 spacious bedrooms all upstairs, two Master Suites (or large office) with private balconies, 3.5 Baths, very high ceilings, living room, formal dining room, family room opens to a beautiful large private park- like backyard. Large kitchen with granite counters and newer stainless steel appliances, large breakfast area leading to back yard so everyone is part of the party. Fireplace in the living room, family room and Master Bed/Bath. Large walk in closets, laundry room upstairs with built in ironing station. An exceptional value!!!
SO
1768 Ruhland Ave., Manhattan Beach www.1768Ruhland.com SOLD!!!! $1,399,000
Great Fourplex in the heart of Redondo Beach
Please Re-Visit This Listing--NEW RENTS.
Great for owner user, and or an investor — great cash flow!!! All 4 units are Townhouse style units, with balconies. All 4 units have legal rooftop decks. Owner unit is a 3 bed+2.75 bath completely remodeled in 2011 and never been lived in. New kitchen with Stainless Steel appliances, new windows, new floors, and new electrical fireplace in every room. The other 3 units are 2 bed+1.25 bath. Plenty of parking in 4 different garages and a huge drive way NON rent-control building.
2320 Clark Ln., Redondo Beach www.RachelEzra.com $1,339,000
Rachel Ezra
Broker Associate
Dream it… See it… Achieve it! Where the Beach is your home.
310.400.0297 Rachel@RachelEzra.com www.RachelEzra.com
ED’S COASTAL REPORT JUST LISTED
JUST SOLD
TOTAL HOMES AVAILABLE
MEDIAN LIST PRICE
AVG. DAYS ON MARKET
% WITH PRICE DECREASE
MANHATTAN BEACH
15
4
107
$1,445,000
120
22%
HERMOSA BEACH
10
1
60
$861,000
142
32%
REDONDO BEACH
28
12
198
$610,000
109
39%
RANCHO PALOS VERDES
19
7
164
$788,000
146
29%
PALOS VERDES ESTATES
9
2
65
$1,370,000
163
34%
ROLLING HILLS
0
0
12
$2,450,000
164
29%
ROLLING HILLS ESTATES
3
2
34
$683,000
141
56%
LIST PRICE TREND
Median List Price Reported from TrendGraphix; 12/2011 All other numbers reported from the MLS; 1/1/12 - 1/9/12
Monitor weekly market trends at www.EdsCoastalReport.com
What will prices do in your neighborhood over the next 6 months?
310.798.1277 EK@ItzSold.com
www.ItzSold.com
W H AT I S I N S TO R E F O R H O U S I N G I N 2 0 1 2 ? A YEAR IN REVIEW What did we learn from the 2011 Real Estate market? 2011 was filled with uncertainty and unexpected shocks that crippled output both in the U.S. and globally, causing a massive dip in consumer confidence amongst investors as well as businesses. The culprits were wide and varied: the Japanese earthquake and tsunami, the Arab uprising, oil price volatility, the European debt crisis, the continued battle over a debt ceiling, downgrading of US longterm debt, uncertainty in the stock market, the D.C. midterm elections. All of these variables left output levels below growth rates that could spark a recovery. The chance of a double-dip recession has gone up and has caused economists to downgrade their outlook for this year.
THE SOUTH BAY BUBBLE When speaking about “the bubble”, I am referring to the bubble we live inside here in the South Bay, not the pricing bubble that economists refer to. Many South Bay buyers and sellers live, work, buy and stay within the immediate area without ever leaving the borders of the South Bay for weeks or months. Yes, there are even stories boasted by a handful of residents saying they have never left for years on end. Talk about living in a bubble! The South Bay, while subject to much of what has affected the overall economy in the U.S., has special nuances and quirks that has allowed our market to deflate at a less devastating rate than most others. Our local market, especially in the beach cities, seems to have a mind of its own at times; simply ignoring outside forces and forging its own pricing trends, usually for the better. Locally the most interesting trend in 2011 was a dramatic drop in inventory levels: over a 35% actual drop in inventory year over year. In November of 2010 there were 4,231 homes for sale in the South Bay and November of 2011 reported only 2,627 homes available. What is even more interesting is that 627 properties went under contract in November 2010 and there was a big increase to 845 homes in escrow in November 2011. A 30% increase in sales partnered with shrinking inventory certainly points to the supply of homes running surprisingly low locally.
THE BIGGER PICTURE The California Association of Realtors is projecting a slight 1% increase in sales in 2012. Prices are expected to come in 4% below 2010 levels but show a modest gain in 2012 compared to last year for the state of California. Hopefully 2012 will prove less uncertain and could even show signs of urgency as current prices and mortgage rates are in the buyer’s favor for the moment. Stabilization of Real Estate prices or even modest increases is what is on every seller’s wish list for 2012. Naturally, homeowners who bought in 2005-2008 are hoping for massive increases, but that is unlikely to happen anytime soon. Consumer confidence is increasing with interest rates remaining low and prices have slashed from their peaks, making 2012 one of the best years in decades to acquire Real Estate. The pending Presidential election can sometimes stall consumers into making major decisions, however buyers have been sitting on the sidelines for years and now seem to be ready to jump in. The tightening of the lending market is currently a headache for anyone buying or selling or serving those that are. Nationally, the fall-out factor on pending home sales last year was as high as 30%. This means that nearly 1/3 of the sales that were consummated never actually closed. Most of these fall-outs were the result of buyers not qualifying for the loan or properties not appraising for the agreed upon sale price.
example, if you buy a home today for $1,000,000 and sell it later for $1,700,000, a significant portion of the profit could be tax free! Currently (if you are married) you can earn as much as $500,000 in profit on your personal residence and not pay a dime in income tax. Can you imagine if you could earn $500,000 at work and pay no income tax? Real estate remains a tremendous vehicle today for individual wealth building. If you are ready for a move up, timing is prime for you. Prices have declined on higher priced homes as much as they have on lower priced homes in the area. Although you may feel like you are losing when you are selling, you are most certainly gaining on your “upleg” purchase. When is the best time to sell? Sell when the motivating reason you want to sell outweighs staying in the home. In other words, if the home is too small, too big, you have been relocated, or you are finally ready for that ocean view home. The list of reasons is endless: picking perfect market timing is a challenge. Spend time analyzing your choices and reasons, while consulting with experts, and then make a sound decision. To summarize, if you are buyer, find a lender and buy within your budget. Sellers need to find a knowledgeable agent that understand the market and knows how to reach buyers quickly and efficiently. Determine the true market value of your home through your agent and price it accordingly. Over priced properties, even in an improving market simply will not sell.
You can learn the 5 most costly mistakes sellers make each year by calling 800-352-6250 x 230# for a free 24 hour recorded message or for a list of answers VISIT
5SellerMistakes.com
WHAT SHOULD YOU DO? With home affordability at one of the highest points in years it is time to start analyzing your personal situation and determine your next move. Buy? Sell? Hold? Most experts will agree that the buying opportunities at today’s prices and interest rates are about as good as it can get. If you are a first time buyer, hunt down a good lender right away and get prequalified. Lending is not like it used to be and preparing well in advance is more critical than ever before. Compare the cost of homeownership to what you spend in rent. Be sure to ask your accountant how it affects you tax-wise. Homeownership can have significant benefits. For
Inventory Trending in the South Bay Real Estate Market
HIRE the BEST
SELL FASTER Our listings sold an average of 60 days faster than the market in 2011
Test Your Real Estate Knowledge Can You Spot the Deal ?
h c r a e s e R e t a t s E l a e My 2012 R
PULL OUT TO KEEP INSERT
Location enue 200 Block of Marine Av ace 200 Block of Marine Pl Avenue 400 Block of Highland
448 24th Street * Avenue 400 Block of Highland nd 800 Block of The Stra iew 2300 Block of Grandv
Size 1,850sf 1,850sf 2,144sf
2,152sf
2,144sf 2,876sf 2,400sf
Price Per Sq.Ft. $783 $864 $778
$510
$783 $1,389 $770
ay’s Market? od T n I y u B to y d ea R Am I The TIMING is right ht The FINANCING is rig The LOCATION is right t The SCHO OL S are grea e I have TOURED the hom
ce the peak Prices are way down sin available Historical low rates are ch Just 4 blocks to the bea nation Some of the best in the Ne ed to call Ed Today
* TEXT 9919# TO 511511 BOUT THIS VALUE A E R O M N R A LE TO
Call Ed Kamins ky 310-7981277 x 214
HATE TEXTING? GIVE ED A CALL AT 310-798-1277
SELL FOR MORE Our sellers earn nearly 3% more on their final sales price (based on average list price vs. sales price ratio in the Beach Cities for 2011)
310.798.1277 EK@ItzSold.com www.ItzSold.com
5
Learn the
Most st Costly Mistakes Sellers Make Each Year!
TEXT
CALL
9921
800.352.6250 ext.430# For a 24-hour Recorded Message
to 511511 For Instant Answers
The Manhattan Beach Bag Ordinance goes into effect
JANUARY 14, 2012! Receive a complimentary re-usable shopping bag courtesy of The Ed Kaminsky Real Estate Team (limited to supplies on hand; one bag per household)
EMAIL “FREE BAG” to ED EK@ItzSold.com
310.798.1277 CALL THE TEAM WITH THE MOST COMPREHENSIVE, INFORMED MARKETING & PRICING PLAN AND ACHIEVE RESULTS, FAST! STACI BROOKS, ED KAMINSKY, BECKY DAVIDSON, TINA KAMINSKY
Stephen Haw 310.377.7539 Skh8828@gmail.com
Kim Hall
Serving the South Bay
310.721.7526
KimHallHomes@gmail.com DRE# 01864819
DRE# 0808646
An International Team of Real Estate Professionals
Please call any one of US for Buying or Selling your precious home! n ea Oc
E AT ST E F UF BL
s n’ e ee stat u Q E g in View n un ce St kla c Ne
l t ve ea Le etr e R On te va i Pr
Cristina Go
Marguerite Drive
Via Somonte
Newridge Drive
Short Sale Specialist
Rancho Palos Verdes
Palos Verdes Estates
Rancho Palos Verdes
310.971.0404
7 Bedrooms, 6 ½ Bathrooms 7,333 sq ft, 1.32 acre Lot Ocean Bluff Estate, Italian Renaissance Architecture, Plus Guest House, Spectacular Views, Luxurious Amenities, Sky Dome, Wine Cellar & Swimming Pool
4 Bedrooms, 4 ½ Bathrooms, 5,629 sq ft 14,336 sq ft Lot, Custom Built in 2007, Top of the Line Finishes, Den/Music Room Possible 5th Bedroom Theater/Game Room/Gym, Elevator
3 Bedrooms, 2 ½ Bathrooms, 2,771 sq ft 18,944 sq ft lot, One Level Private Retreat Panoramic Ocean & Harbor Views Contemporary Open Floor Plan Walls of Glass, Remodeled Bathrooms Indoor / Outdoor Living
$9,888,000
$3,750,000
$1,195,000
gocristinago@gmail.com DRE# 01737083
Lauren Yoon
, ew Vi ted g y in Ga it az rd un AmGua mm Co
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le ab iev ! l be al Un De
한국어 상담 310.619.4989
laurenyoon17@gmail.com DRE# 01305706
Cape Point Drive
Rancho Palos Verdes DEAL OF A LIFETIME!!! Spectacular Ocean, Catalina, Coastline Views, Ocean Bluff Property Golf Course Estate, Vacant Lot 25,404 sq ft
Owner Paid $4,250,000
Paseo De Castana
Park Circle Drive
Rancho Palos Verdes
Torrance
4 Bedrooms, 4 ½ Bathrooms, 4,292 sq ft 30,740 sq ft Lot, 24 Hour Guard Gated Community, Panoramic Ocean, Harbor & City Views, Magnificent Entryway with Spiral Staircase, Huge Bonus Room
4 Bedrooms, 2 ½ Bathrooms, 1,780 sq ft Built in 1984, Privately Gated Community Great Floor Plan, Community Swimming Pool & Playground, Lush Landscaping & Tree Lined Streets
$1,680,000
$366,000
Selling For Only $2,495,000
Natsuko Fujii 藤井奈都子 310.941.2468
nfujii10@gmail.com
IN
! W O R ES
ST ! JU LD O S
ST ! JU LD O S
DRE# 01893259
Country Lane
Alicia Sialana
Real Estate Specialist
310.720.4852
aliciasialana@gmail.com DRE# 01423992
Via Del Cielo
Packsaddle Road East
Rolling Hills Estates
Rancho Palos Verdes
Rolling Hills
4 Bedrooms, 3 Bathrooms 3,241 sq ft, 18,275 sq ft Lot Rolling Hills Park Estates Gated Community Canyon & Mountain Views, Sparkling Swimming Pool & Spa, Bonus Pool Home
5 Bedrooms, 6 Bathrooms, 7,031 sq ft 24,798 sq ft Lot, Built in 2000 Prestigious Oceanfront Estates Community, Stunning Ocean & Catalina Views from Upstairs
4 Bedrooms, 3 ½ Bathrooms 4,325 sq ft, Almost 3 Acre Lot, See Forever Panoramic Ocean & Catalina Views, 24 Hour Guard Gated City, Beautifully Updated Estate, Swimming Pool
$1,595,000
SOLD FOR $3,050,000
SOLD FOR $3,900,000
GARYEL Integrity + Hard Work = RESULTS NO M TO LS N !
BRAND NEW LISTING
407 S. Juanita, South Redondo Beach Ocean Views, Rooftop Deck Large, 4,000 sq ft Newer Custom Home 5 Bedrooms, 5 Baths
Private Rear Yard off Kitchen and Family Room
PRICED TO SELL $1,599,000
STOP PAYING RENT & TAKE OVER SELLERS LOW PAYMENTS
LOW DOWN PAYMENT
1738 Spreckels Lane, Redondo Beach Approx. 1,900 sq ft, 3 Large Bedrooms
LOW MONTHLY PAYMENT
2.5 Baths, Private Rear Yard 2 Car Attached Garage Close to Beach, Shopping, Church, Restaurants
EZ QUAL
PRICED TO SELL $859,000
NEW LISTING! HERMOSA BEACH! 935 1st St. #B, Hermosa Beach New Pat Killen Contemporary. 3 Bedrooms 2.5 Baths. Ocean Views Short Sale Subject to Bank Approval - Already Submitted
STEAL AT $729,000
CAPE COD BEACH COTTAGE 1719 Armour Lane, Redondo Beach Cape Cod Beach Cottage Complete Remodel 3 Bed, 1 Bath, Oversized lot Hardwood Floors Throughout
NEW PRICE! $569,000
GARYELMINOUF I GARY 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
Sweet
PHOTOGRAPHY BY PAUL JONASON
S E RV I C E W I T H A V I E W: A G A S S T AT I O N I S T R A N S F O R M E D I N T O A M O D E R N P R A I R I E - S T Y L E W R I TTE N BY: PA ME L A CO R A N TE - HA N S E N
From the center of his spacious kitchen, Dana Ireland enjoys a panoramic vista of the Palos Verdes Peninsula’s Portuguese Point as he prepares a meal or entertains guests. A little more than 20 years ago, motorists took in the same view as they filled their tanks with gasoline, steps away from where Ireland and his family now fuel up with a quick bite to eat. In its first incarnation, the sunlit kitchen served as one of three Shell gas station service bays, perhaps the world’s most scenic spot to have an oil change. A convenience store dispensed chips, chewing gum and bottled water in what is now the formal sitting room of the Irelands’ Frank Lloyd Wright-inspired residence in Rancho Palos Verdes. Arguably the most photographed piece of coastline in all of the South Bay, the jutting cliff of Portuguese Point is visible from just about every eastfacing room of the home, and Catalina Island looms large from south-facing windows. For a lifelong Manhattan Beach resident like Ireland, the notion of
having unobstructed, pristine vistas in the South Bay was about as plausible as a 1970s gas station becoming a stately residence. But despite the pictureperfect scenery, Ireland says his wife at first was not impressed. “She was pretty adamant that she didn’t want to move into an old gas station,” he grins. All it took to convince her was a search for homes with similar views and square footage, listed at the equivalent of what the couple would spend to convert the property into a residence. “She discovered there was nothing out there like this,” Ireland recalls. And so began a process that he describes as “benign.” Once he got the green light from neighbors and the city, work began to convert the 2,000-square-foot gas station into what would become the front part of the house. In a second phase, a 2,000 square-foot wing was added to accommodate bedrooms, a garage and offices. Except for the dramatic ocean views, driving through the home’s front gates and into the ample carriage court give the impression of being transported
1.13.2012 | SOUTHBAYDIGS.COM
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“
I BELIEVE EVERY BUILDING HAS A VOICE,” Dana Ireland muses, “If you can slow down and listen to it, it will tell you its story.
“
to a period Pasadena manor in a neighborhood of Greene & Greene and Frank Lloyd Wright homes. It is that very timelessness that Ireland, a commercial property developer who has designed various South Bay restaurants, strove to achieve when creating his family’s home. Low, sloping roof lines, glass walls, carriage-style garage doors, wood shingled exteriors and a river rock wall channel turn-of-the-last-century Prairie School. This was the architectural style popularized by Frank Lloyd Wright in the late 19th and early 20th centuries. A venerable pine tree provides shade and lends natural character. “We saved that pine with great difficulty,” Ireland notes. “We had to cut the roof to accommodate it and later had to brace the tree with a cable after realizing it banged against the house when the wind blew.” Ireland credits Pasadena’s historic Gamble House for some of the inspiration, but with a caveat. “The Gamble House is a large, dark house,” he says. “I wanted a light, open house.” So Ireland looked to the Prairie School for ideas. In particular, he focused on the oversized windows and indoor-outdoor influence associated with the style. From the Irelands’ kitchen and family room, immense, mahogany-framed glass bifold doors from Germany lead to a spacious outdoor living room. Here, an oversized hot tub and tasteful patio furniture are positioned to face Portuguese Point.
Breaking away from the terrace’s natural earth-tone palette, a wooden outdoor dining set in bright tropical hues evokes Key West, a nod to Ireland and his wife’s shared passion for the beach. A surfer since he was 8 years old, Ireland’s hobby makes its presence known: A massive, wooden longboard commands attention in a towering alcove above the kitchen, and a gleaming VW van is parked in the garage, ready for the next surfing safari. The funky beach vibe appears in more subtle ways inside the home, from the Balinese-style mantelpiece that frames the fireplace in the sitting room, to a sand-and-ocean-blue color palette in the guest bedroom. Ireland and his wife enjoy entertaining, and the home’s layout can accommodate crowds of 300 or intimate gatherings of five to 10. Ireland’s experience in the restaurant business inspired him to design nearly each room in the house with more than one entry and exit point. “When you entertain, everyone tends to congregate in the same space,” Ireland states. “If everyone has to go out the same way they came in, it doesn’t work.” Guests who enter through the front door have various options on which room to visit first. But the ocean and outdoor views visible from the entryway’s floor-to-ceiling windows make one want to linger before rushing to a decision. Details throughout the house not only evoke
BEFORE: GAS STATION
the period style of early Frank Lloyd Wright homes, but also represent various aspects of the Ireland family’s interests and passions. Hand-made glass lanterns with dragonfly and cattail motifs resemble the authentic lighting fixtures adorning classic Prairie School or Arts and Crafts homes. A Gothic stainedglass window salvaged from an Irish church and discovered by the Irelands in a Pasadena antiques store brightens a stairway landing. Ireland’s wife’s office is housed on the ground level of a tower on the far side of the garage. The tower is influenced by a similar one in the Dana-Thomas House in Springfield, Illinois, which Ireland says is the only Frank Lloyd Wright home with an arched window topped by three rectangular windows. The office boasts a reading alcove with a spacious picture window looking out at the ocean. Adding to the home’s Arts and Crafts influence is a sleeping porch off the master bedroom. While the Irelands intend to use the space as a peaceful place to read the Sunday paper, in the early 1900s sleeping porches provided residents with a practical solution to getting a good night’s rest when temperatures soared. In contrast to the characteristic angularity of the Prairie School style, the master bath is a study in the curvilinear. A wave-like swirl pattern on the floor tile work mirrors the undulating shape of the ceiling, which Ireland says he designed to create a sense of flow. An oversized spa tub is positioned in front of a grand window that captures a preternaturally perfect view of Catalina Island on a clear day. Adjacent to the tub, a spa shower with three showerheads is as spacious as a roomy walkin closet, and it also houses an infrared sauna. Care was taken to maintain an old-world feel despite the more modern curves and fixtures. The shower walls are a combination of rustic stone tile and Italian plaster, while the cabinets are distressed dark wood topped by onyx countertops in a golden amber hue. There is virtually nothing about the home that would reveal its past life as a gas station. Only a glance at the framed photo of the original Shell station — a gift from Ireland’s wife — would make it evident that the main living area once contained three service bays. As a tribute to his home’s past, Ireland has collected a handful of colorful, vintage gas pump toppers, which are suspended from the garage ceiling and now function as decorative, rotating light fixtures. A trained eye would recognize them for what they are, but even then would be hard pressed to make the association between them and the property’s commercial origins. Yet such details hold great significance for Ireland. “I believe every building has a voice,” he muses. “If you can slow down and listen to it, it will tell you its story.”
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STRATEGIC REAL ESTATE ADVICE CAN BE A LIFE CHANGER.
Five Star Concierge Service at every level Expert Market Analysis & Recommendation Customized Strategic Home Marketing Plan Global online property exposure to Qualified Buyers Real Estate Innovator & Technology leader “Having closed over $250 Million in successful real estate transactions in my first 9 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 Direct: 310.600.3555 chad@southbaychad.com www.SouthBayChad.com DRE 01346526
1124 8th Street, Hermosa Beach. 2012 built, 5 bedrooms.
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seen by appointment only.
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Better! From the very first day he stepped into Real Estate Alex Abad has hit the ground running. He was awarded rookie of year by his peers his first year. By the second year he had worked his way up to join the top producing agents in his office and has held his place as one of the top agents for South Bay Brokers every year since. In 2010 he founded Commissions For Education which collectively raised nearly $100,000 dollars for our local schools in the first year. In 2011 he was instrumental along with his good friend and college Nick Schneider to open up the very first South Bay Brokers office in the city of Hermosa Beach. His success and entrepreneurial drive has lead him once again to do the extraordinary. For 2012 Alex has opened up another brand new office for South Bay Brokers. This also is the first time South Bay Brokers has had an office in the city of El Segundo. Alex’s accomplishments and drive are nothing new, he brings 26 years of successful business ownership, development, negotiations, and an extraordinary detail to service.
Commissionsforeducation.org Participating Members Committed to give 1% of all their earnings to our schools Alex Abad – Founder Abby Waddell Alex Bannerman Alicia Greene Antoinette Hopper Barry Host Chad Fahlbusch Charles Fisher Colleen Cofield Colleen Cole David White Danielle Newson Diana Turner Dunham Stewart Eric Fonoimoana Georgiana Rosenkranz Ian Rusnell Jack Gillespie Jeff Amberg John Skulick Julie Ann Forney June Emerson Keith Kyle Ken Adam Lauren Perreault Lynn O’Neil Nick Philips Nick Schneider Nina Michaels Norm Hugo Ophelia Grenke Ricci Reardin Robyn Biener Rose Van Hook Shiela Fowler Susan Boettner Tad Thormodsgaard Ted Craddock Todd Pearl Trevor Plunkett Ben Hsu Scott Manly Cherly Kelly In a recent independent survey, over JoAnn 95% of our clients say they Maisch are so Tedthat Kohn pleased with our service they Steve Carrol * would recommend us to others. Bree Noble With Customer Satisfaction ratings this high, we Greg Snider decided we’re going to keep right on doing what Matt Goeglein we do best: serving our customers. Jim McFarland Matt Cooke 25 years in the South Bay. More than 100 full-time agents. A reputation for integrity. You Terry Russel can trust your next real estate transaction to Kirsten Cole South Bay Brokers. Grant Norris Regan Hagestad Brett Zebrowski Manhattan Beach South Bay DigsRedondo – MediaBeach Sponsor (310) 546-7611 (310) 375-0583
“This is a beautiful office located in the heart of the town. Just up from the beach, across the street from Goodstuff, down the street from the new Shats bakery. This is extremely exciting for me, as a long time El Segundo resident, this new office and my physical presence will give the El Segundo residents a AFTER 25 YEARS, THE ONLY THING much better option for all their real estate needs.” WE’RE CHANGING IS OUR LOGO.
Alex Abad 310-877.6488 alex.abad@southbaybrokers.com TheManhattanBeachRealEstate.com
201 W. Grand El Segundo Ca. 90245 DRE# 01701311
www.southbaybrokers.com
Jump In!
For More information on joining please call Alex Abad 310.877.6488
We know the market.
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NEW INVESTMENT OFFERING
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REPRESENTING THE SOUTH BAY’S BEST INVESTMENT OPPORTUNITIES
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Kevin Apor Director, Commercial Division Peninsula | Sotheby’s International Realty 310-541-8271 phone 310-346-4256 cell kevin.apor@peninsulasir.com
THERE IS ONLY ONE ADDRESS
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steps from everything in Cabo.
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Architecture | Design | New | Renovation | Consultation Over 30 years of experience in the South Bay For a complimentary consultation call 310.375.7700
www.pritzkatjohnson.com 50
SOUTHBAYDIGS.COM | 1.13.2012
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 garage and small backyard – perfect for pets. Large Master Bedroom with sitting area, walk-in-closet, spa tub, shower & double vanities. Short walk to stores, top rated schools, Pier & Beach.
REDUCED PRICE! $999,999
DAMIRA BACIC 310.346.1810 damira@damirabacic.com
Serving sellers & buyers in the South Bay for 25 years…
An extraordinary agent AN EXTRAORDINARY BRAND.
AT T E N T I O N : DEVELOPERS | INVESTORS | BUILDERS
Coming Soon... Exciting New Multi-Unit Development Sites in Koreatown / Chinatown, Los Angeles. Both Parcels Fully Entitled with Approved Plans.
Call for more information.
Jeannie Penner-More was raised in the South Bay and started her real estate career in 1989. She has been a top-producing agent in the South Bay throughout her career and her professionalism shines through as she puts her personal touch on everything she does. Her exceptional service has set her apart from the rest as she continues to grow her successful Real Estate business.
Jeannie Penner-More REALTOR
“ T WO DECADES OF OPENING DOORS”
310.259.6570
Jeannieshomes@aol.com www.JeanniesHomes.com
DRE: 01076415
413 S. IRENA, REDONDO BEACH 5 Bedrooms | 3.5 Baths | Built in 2003 4,254 Sq Ft 7,555 Sq Ft Lot | 2 Fireplaces 3 Car Garage + 3 Additional Parking Spaces • Gourmet Kitchen w/ Granite Counter Tops, Built-In Stainless Appliances, Double Oven, Oversized Center Island & Breakfast Bar. • Dining Room is Oversized with Tall Ceilings and Can Easily Seat 10 to 12 with Room for Expansion. This Room is Adjacent to a Service Bar Ideal for Entertaining & Offers a Wine Refrigerator, Cabinetry & Walk-In Storage. • Front Yard is Beautifully Landscaped and Enclosed with Custom Railings. • The Double Entry Door is a Custom Iron & Glass Door. • Solar Heated Pool and Spa Highlights the Backyard and is Ideal for Daily Use or Large Gatherings. There is also Space for Outdoor Entertaining!
www.413SouthIrena.com
$1,399,000
STUNNING! MANHATTAN HILL SECTION CASUAL ELEGANCE W/ HIGH END FINISHES 849 10TH STREET, MANHATTAN BEACH 5 Bedrooms | 4.5 Baths | 4,356 Sq Ft | 6,000 Sq Ft Lot Spacious Home with a Nice Open Floorplan. Hardwood Floors Throughout. Living Room, Family Room and Master Suite with Fireplaces. Large Entertaining Kitchen with Stainless Steel Appliances (Sub Zero, Viking & More.) 2nd Family Room with Endless Options! 3-Car Garage. Nice Easy Walk to Downtown Manhattan Beach. Award Winning Robinson Elementary School District. Spacious Backyard with Outdoor Fireplace and Entertaining Area that Includes a 48” Stainless Steel DCS Grill, Two Burners, Sink and Refrigerator. This Home is Better than New!
www.84910thStreet.com
Cindy Shearin The Shearin Group 310-546-1501 310-200-8318 cell www.CindyShearin.com DRE #00925580
$2,589,000
DON’T MISS AN OPPORTUNITY TO INVEST IN YOUR FUTURE
Serving the South Bay for Over 20 Years
HERMOSA BEACH COTTAGE W/ A RENTAL TOO! Only 480 Steps Away from the Sand | 2,601 Sq. Ft. Lot 2 Bedroom Front Home | 1 Bedroom Back Unit | Detached Garage/Storage Vaulted Ceilings | Skylights | French Doors & More!
Just Reduced & Priced to Sell! $1,015,000
My clients are your neighbors and friends… Their satisfaction is my best advertising! Whether buying, selling or just for information.
BEST NORTH HB Sand Section Value 2,475 Sq Ft Lot (30x82.5) | Duplex Located on a Great Buildable Ocean View Lot | 2 Bedrooms, 1 Bath | 1 Bedroom, 1 Bath w/ Office Each Unit has its own Separate Garage & Laundry Area
$1,299,000
HERMOSA BEACH STRAND THE BEACH HOUSE We Are THE BEACH HOUSE SPECIALISTS Call for Details $419,000 - $850,000
Call to Arrange a Private Showing or for a List of Open House Schedules
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craftsmanship at every step
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D E AS
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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.
3423 THE STRAND | HERMOSA BEACH Furnished Luxury Home -
$22,000/mo
4 Bedrooms, 5 Bathrooms of Beach Front Luxury Living
SHAWN DUGAN (310) 265-3428 manonthestrand@gmail.com www.manonthestrand.com Your Real Estate eBroker
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
LICENSE # 01749343
CALL SHAWN @
(310) 265-3428 to discuss Leasing or Selling your property.
general contractor 310.480.0385 sean@icazaconstruction.com 1.13.2012 | SOUTHBAYDIGS.COM 53
PHOTOGRAPHY BY KIERON McKAY
LOCAL NUGGETS
WRIT TEN BY: QUINN R O BE RTS No matter the time of day, one thing is nearly certain when you step into Eat at Joe’s--tables will be full and people will be talking. Located at 400 N. Pacific Coast Highway in Redondo Beach, Joe’s has been in business since 1969 serving breakfast, lunch and dinner staples. Yet, don’t think of this as your average diner or greasy spoon. It’s much more than that. With picnic tables in one room and tables to share in the other, Joe’s is all about community seating. “A part of what makes Joe’s so unique is the long tables,” owner Alex Jordan said. “You are generally sitting next to someone you don’t know. People come here to meet and greet each other. Some people love it and some people hate it.” Knowing many customers on a first name basis, Jordan is in Joe’s close to every day, joking and carrying
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SOUTHBAYDIGS.COM | 1.13.2012
on conversations of politics and sports with people at each table. A well oiled machine after 43 years, the South Bay landmark also has waiters/waitresses and busboys who have worked in the restaurant for two and three decades. Many customers have also been coming to Joe’s just as long, with some regulars stopping by the restaurant more than once a day. Jordan says it’s those regulars that make up about 80 percent of Joe’s business. “It is all about the atmosphere and the set-up,” said Ben Cariaga, a retired sheriff’s deputy who has been coming to Joe’s since the 70’s. “It makes you comfortable with the people around you right off the bat if you need sugar or salt.” While Jordan continues to believe in the ‘If it ain’t
broke, don’t fix it’ motto for his restaurant, he’s tried to offer healthier menu options in recent years. The diner now serves alternatives such as: eggs whites, turkey bacon and more vegetable dishes. However, it is certain old favorites that continue to be the most popular items on the menu. The ‘John Wayne’ special, named after the legendary screen actor, is the most popular meal on the menu. It combines two eggs over medium, with cheese, on home fries and a tortilla, smothered in spanish sauce and surrounded by sausage. “One reason we have stayed popular is partly because we have just been around so long,” Jordan said. “We also haven’t really changed. People like that and know what they are getting when they come here. It is also a great bang for your buck.”
IN ESCROW -
Your’s Could Be Next!!!
2517 Vista Drive, Manhattan Beach • • • • • • •
Expensive Views at an Affordable Price Single Family Home Priced Less Than a Town Home White Water Ocean Views 3 Bedrooms, 3 Full Baths, 2135 sq ft Large, Top Level, West Facing Wraparound Deck 3 Blocks to the Ocean Steps to Grandview School
www.2517vista.com
$1,499,000
Steve Santos 310.488.4924
Steve@SteveSantosProperties.com A 33-Year Resident of Manhattan Beach DRE# 01440129
NO COST short sale THE SHORT SALE SOLUTION
Think Short Sales are almost over? Think Again! A survey conducted by the Professional Risk Managers’ International Association for FICO says that home prices are unlikely to recover before 2020. According to California Attorney General Kamala Harris, California has faced some of the worst default rates in the country, with an unemployment rate of 12.1% and two million residents who owe more on their mortgage than their home is worth. Eight of the 10 hardest hit US cities in terms of foreclosure rates are in California. Short Sales represent approximately 40% of California Real Estate, and most agents can’t get them closed.
1218 HARPER AVENUE • REDONDO BEACH www.1218Harper.com Perched high on the hill, this architecturally unique Golden Hills home offers quality design and finishes throughout. The upstairs “great room” features open living space with high exposed beam ceilings and maple hardwood floors overlooking incredible city/ mountian views as well as sunset/horizon ocean peek views, designed to capture natural light and retain privacy. This beach contemporary includes a beautiful custom kitchen with silestone counter tops, stainless appliances and sleek wood cabinets, a huge master suite with panoramic city views and private balcony, a wonderful master bath with jacuzzi tub and large walk-in shower, a good sized downstairs bedroom/home office with custom built-ins and french doors leading out to the private back patio/yard. The large living and dining areas complete the great room with another outdoor deck and slate fireplace. Conveniently located just steps to the Hermosa and Redondo shops/restaurants. Extra storage areas and parking for four cars (2 garage + 2 parking pad). This is a must see property!
• 3 Bedrooms • 2 1/2 Bathrooms • Built in 2002 • 1,708 Square Foot Home • 2,500 Square Foot Lot • Simply Move-in and Enjoy
List Price $879,000 Open House Sunday (1/15) 1-4PM
A short sale could be the solution you need. I have the experience, knowledge and the contacts with banks to get your short sale completed now.
Lenny LaRocca Business Professional \ Realtor 976 Artesia Blvd, Hermosa Beach 310.698.6444 www.LaRoccaRealEstate.com LennyLaRocca@gmail.com
Kevin B Pratt 310.738.2348
kpratt@shorewood.com • www.KevinBPratt.com 21st Year at Shorewood 1.13.2012 | SOUTHBAYDIGS.COM
55
Love, hope, success, family, security. Love, hope, success, family, security.
Some things we all have in common.
Snyder Ins and Fin Svcs Inc Cynthia T Snyder, Agent Insurance Lic#: 0G40480 Bus: 310-546-7803 cynthia@cynthiasnyder.com
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
Real Estate I need you, You need me
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.
FEATURED PROPERTY! Katnik Properties 310-374-8148
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
1101022
Executive Office
116 S. Catalina Ave S. Redondo Beach 90277
State Farm, Home Office, Bloomington, IL
IRRESISTIBLE RESULTS your home deserves it.
326 S. Pacific Coast Hwy, S. Redondo Beach 90277
®
“Everything Sandra touches turns to sold!” David Caskey -Shore wood Realtors
j|v~
REAL ESTATE STAGING
VÜxtà|äx Wxá|zÇ
HOME MAKEOVERS REDESIGN COLOR CONSULTATION PHOTO STYLING EVENT DECORATING
310.293.5531
facebook.com/wickcreativedesign www.sandra@sandrawick.com
Certified in Redesign & Real Estate Staging, B.A. Production Design 1500 Rosecrans Ave Suite 500 Manhattan Beach, CA 90266
sandra wick & aubree swenson-wick
1801 South Catalina S. Redondo Beach 90277
SCOPE 2012. INNOVATING. COMMERCIAL.
CALL NOW!
310-678-0929
Email: tjparkr@msn.com 56
SOUTHBAYDIGS.COM | 1.13.2012
www.southbaydigs.com
“Home sales of between $30 and $50 Million every week ---More buyers and sellers choose RE/MAX,
and nobody sells more real estate!”
Discover LOCATIONS BEVERLY HILLS 9454 Wilshire Blvd., Suite 600 Beverly Hills, CA 90212 Phone: 310-205-0050 Fax: 310-559-5587
MANHATTAN BEACH 400 S Sepulveda Blvd., Suite 100 Manhattan Beach, CA 90266 Phone: 310-376-2225 Fax: 310-376-6522
RANCHO PALOS VERDES 28901 Western Ave. Rancho Palos Verdes, CA 90275 Phone: 310-514-1364 Fax: 310-514-1420
SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310-544-9999 Fax: 310-703-1999
EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310-322-1425 Fax: 310-322-5724
MARINA DEL REY / VENICE 155 Washington Blvd. Marina Del Rey, CA 90292 Phone: 310-577-5300 Fax: 310-577-5301
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 EST., CA 90274 Phone: 310-378-9494 Fax: 310-373-3427
MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310-831-0222 Fax: 310-831-1684
SANTA MONICA 620 Santa Monica Blvd., Suite B Santa Monica, CA 90401 Phone: 310-264-2225 Fax: 310-264-2200
WEST LOS ANGELES 2999 Overland Blvd., Suite 104 West Los Angeles, CA 90064 Phone: 310-559-5570 Fax: 310-559-5587
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.
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SOUTHBAYDIGS.COM | 1.13.2012
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
Experience the Difference.
220 21ST PLACE MANHATTAN BEACH 3 Bedrooms | 3.5 Baths | Beautiful Ocean and Malibu Views Just steps to the beach $1,599,000
507 MONTEREY BLVD HERMOSA BEACH 3 Bedrooms | 2.5 Bathrooms | 1865 sq ft | 3-Blocks to Sand Offered at $1,275,000
1506 PALM DRIVE HERMOSA BEACH 3 Bedrooms | 3.5 Baths | Stylish Beach Home | Ocean Views Completely Remodeled Offered at $1,299,000
2024 THE STRAND HERMOSA BEACH 3 bedrooms | 3.5 baths | 1918 sq ft LEASE - $16,500
CHRISTA LYONS SHOREWOOD REALTORS
COMING SOON
310-722-7115
228 28TH COURT HERMOSA BEACH
christalyons@shorewood.com
$699,000
DRE 01489213
Hermosa Beach 950 Artesia Blvd. 310.376.8871
Hermosa Beach 986 Artesia Blvd. 310.406.2020
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
US! Facebook.com/SouthBayDigs
NOT YET ON THE MLS
Offered at $1,297,000
Local Real Estate Happens Here
Prestigious Manhattan Beach Hill Section Location 3 doors to a home recently sold for $4,450,000 SFR with Ocean View Potential, Live In or Re-Build Own this desirable property before it hits the MLS. Call Shawn for an exclusive showing, or visit www.HillSectionViews.com
SHAWN DUGAN (310) 265-3428 manonthestrand@gmail.com www.manonthestrand.com Your Real Estate eBroker LICENSE # 01749343
$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$ Single Family Homes | Multi-Family Units $$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$ Any Condition | Any Location $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$ Unlimited Cash | Private $$$$$$$$$$$$$$ Investor $$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$ Contact: Jim $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 310.679.8047 $$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$
WILL PAY CASH!
Buying and Selling the Beach Lifestyle DIRECT EMAIL WEB
310.502.7210 SK@BeachSanctuary.com CaliforniaSanctuary.com
DRIVEN TO ACCOMPLISH YOUR REAL ESTATE GOALS
T ER R I D U NN BEACH CITIES | RESIDENTIAL | INCOME
appraisals. Diana Roberts
appraiser | broker
Real Estate Consultant 310.710.9770 www.terridunn.com
310.980.3426
DRE : 01405276 | OREA: AT044838
terri@terridunn.com RE License # 01097063
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SOUTHBAYDIGS.COM | 1.13.2012
CHECK OUT SOUTH BAY DIGS INTERACTIVE SCAN THIS QR CODE!
ON THE COVER
Palos Verdes Estates Panoramic Ocean, Queen’s Necklace & City Views! Do not miss this once in a lifetime opportunity to own a piece of prime real estate in Monte Malaga! Situated on a 1.13 acre mostly usable lot that boasts breathtaking panoramic, unobstructable ocean and Queen’s necklace views - perfect for creating one large gated estate. Featuring 5 bedrooms & 4 Baths and 4,700 sq. ft. living space with views to be enjoyed from almost every room! Formal entry that leads to living and dining rooms. Kitchen with center island, custom cabinets, walk-in pantry and a breakfast area that looks out to the pool. Family room upstairs with large wraparound deck. Master suite with large master bath and 2 walkin closets as well as a balcony deck to enjoy views from. Two Private downstairs bedrooms with own separate exit that could be used as guest / maid quarters. Special features include crown moldings, marble floors, windows and glass sliding doors throughout; pool overlooking ocean and city views; built-in outdoor BBQ; 2 fireplaces with marble facade and a 3-car garage. All of this set within lush, green landscaped grounds with mature rose bushes, beautiful magnolia, pine, evergreen as well as a mature willow tree! 5 BD & 4 BA - 4,700 SQ. FT. ON 1.13 ACRE LOT
$5,500,000
Rolling Hills - Two Great Opportunities to Build Your Dream Home! PANORAMIC CITY AND OCEAN VIEW LOT
VACANT LOT WITH APPROVED PLANS
Prime 2.49 acre lot, great for building a dream home. Property has beautiful terrain and is ideal for building a home with panoramic, unobstructable ocean, coastline and city light views!
1.53 acre lot in Rolling Hills! Price includes approved plans for 5,600 SQ. FT. home. Plans include 5 BD & 4 BA with 2 half baths including a guest bedroom, Game room, wine cellar, formal dining and living rooms. You can build a brand new custom home for under $3 million including cost of land (construction cost including cost of putting in a pool for approximately $1.5 million and land cost of $1.050 million). Architectural plans by George Sweeney.
NEW LISTING $1,799,000
$1,050,000
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.
Presented by… palos verdes office manhattan beach office
310.698.4545 310.379.2167
www. RajuSells .com DRE: 00874072
CO FU M LL NO PLE Y W TED !
Brand New Custom Homes Manhattan Beach Tree Section OFFERED BY WORLDWIDE INVESTMENT INC. •
3613 Maple Avenue -
$1,599,000
•
1601 Pine Avenue -
$1,799,000
•
2600 Pine Avenue -
$1,899,000
CO N PR OF STR EFE UC RI TIO NG N
Each home boasts 5 Bedrooms and 4.5 Baths
2666 The Strand, Hermosa Beach OFFERED BY DON DOUKOULLOS •
7,000 sq. ft. of living space 5 Bedrooms and 8 Baths
•
Formal living, dining and great rooms
•
Game room, disco and movie theatre rooms
•
Additional features include elevator, wine cellar and rooftop deck
•
70 ft. wide ocean front lot
•
Panoramic ocean & white water views to Malibu, Catalina & Palos Verdes
•
Design by Louie Tomaro
CO
AU MPL G E 20 /SE TION 12 PT
OFFERED AT $13,900,000
UPCOMING CUSTOM ESTATES IN PRIME EAST MANHATTAN BEACH LOCATIONS! 1626 1st Street
1200 10th Street
DEVELOPED BY RAJU CHHABRIA
DEVELOPED BY RAJU CHHABRIA
•
Colonial Style Home with 4,500 sq. ft. of living space
•
Plantation Style Home with 4,200 sq. ft. of living space
•
7,507 sq. ft. lot
•
Great corner lot with 7,467 sq. ft. lot
•
5 Bedrooms and 5.5 Baths
•
5 Bedrooms and 4.5 Baths
•
Formal living, family and dining rooms
•
Formal living, family and dining rooms
•
3-car garage Large flat backyard
•
Pool Optional
•
Pool optional
•
Design by Louie Tomaro
S OP 1` AT/S EN -4 U pm N
OFFERED AT $2,300,000
OFFERED AT $2,499,900
1641 Chelsea Road, PVE LUNADA BAY BRAND NEW CONSTRUCTION!
Tuscan Village with Unobstructable Panoramic Ocean and Catalina Views! OFFERED BY ESFAHANI / CHHABRIA
•
Approx. 4,000 sq. ft.
•
9,817 sq. ft. lot
30039 Via Victoria, RPV -- $2,799,000
•
5 Bedrooms
30051 Via Victoria, RPV -- $2,899,000
•
4.5 Bathrooms
•
Outdoor Fireplace Backyard with pool
•
Close to the bluffs of Paseo Del Mar
OFFERED AT $2,800,000
Panoramic Ocean Views, 5 Bedrooms, 4.5 Bathrooms 4,400 - 4,600 sq. ft. Interiors, Approx. 10,000 sq. ft. lots PRECONSTRUCTION -- Completion Feb., 2012
www.RajuSells .com
N P OF STR REFE UC RI TI NG ON
CO
Rolling Hills French Normandy w/ Ocean Views!
Palos Verdes Estates Unobstructable Queen’s Necklace View!
Palos Verdes Estates Unobstructable Queen’s Necklace View!
5 BD & 5.5 BA ~ 5,700 sq. ft. on 16,500 sq. ft. lot
5 BD & 5.5 BA ~ 5,700 sq. ft. on 16,500 sq. ft. lot
$6,999,000
$4,499,000
$4,499,000
Palos Verdes Estates Grand Monte Malaga Estate
Rancho Palos Verdes Beautiful Mediterranean Custom Home
Rancho Palos Verdes Panoramic Ocean View Home
6 BD & 6.5 BA ~ 6,900 sq. ft. on 21,500 sq. ft. lot
5 BD & 5.5 BA ~ 5,810 sq. ft. on 20,217 sq. ft. lot
5 BD & 6 BA - 6,994 sq. ft. on 28,357 sq. ft. lot
4,699,900
$3,899,000
$3,499,000
Palos Verdes Estates Mediterranean with Ocean Views!
Manhattan Beach Hill Section Southwestern Style Home
Hermosa Beach Rare Opportunity Hermosa Hill Section
5 BD & 5 BA / 5,679 sq. ft. on 11,151 sq. ft. lot
8 BD & 7.5 BA ~ 7,000 sq. ft. on 10,505 sq. ft. lot
3 BD & 3 BA ~ 1,908 sq. ft. on 9,155 sq. ft. lot
$2,499,999
$4,999,900
$2,399,000
RE PR DUC IC ED E!
5 BD & 7 BA ~ 8,000 sq. ft. on 4.39 acre lot
palos verdes office manhattan beach office
310.698.4545 310.379.2167
www. RajuSells .com
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: “I have done approximately 6 new mortgages in the last several years and I would like you
to know that the process (and service) was by far the easiest and smoothest process I have yet to encounter. You can bet that I’ll be calling you for my next mortgage! Thanks so much for keeping the process easy.” - Ken - Redondo 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 4.5% (4.519% APR) No Points Conforming loans with No points
Jumbo loans with No points
30 year fixed up to $417,000 30 year fixed up to $625,500 15 year fixed up to $625,500
5 year fixed ARM up to $2,000,000 10 year fixed ARM up to $2,000,000 5 year fixed ARM up to $5,000,000
3.75% (3.807% APR) 3.99% (4.029% APR) 3.375% (3.443% APR)
FHA loans with No points
VA loans with No points
30 year fixed FHA up to $625,500
30 year fixed VA up to $1,500,000
3.75% (4.296% APR)
3.0% (3.425% APR) 3.875% (3.798% APR) 3.375% (3.546% APR)
3.875% (3.984% APR) Rates effective 1.9.12
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
Palos Verdes Estates 729ViaDelMonte.com
Queen’s Necklace Luxury $1,998,000
Palos Verdes Estates 145RockyPointRoad.com
Ocean Front Estate $5,800,000
Palos Verdes Estates 1512ViaCastilla.com
Coastline Contemporary $2,299,000
Palos Verdes Estates 2863ViaVictoria.com
Privacy and View $2,299,000
THE EDLER GROUP Local Touch, Global Reach
Office: (310) 421-2814 Fax: (310) 265-8889
Rolling Hills Estates 4807Browndeer.com
City View and Convenience $949,000
Palos Verdes Estates 3004PaseoDelMar.com
New Construction $3,799,000
Palos Verdes Estates 978PaseoLaCresta.com
Panoramic Acre Estate $10,500,000
Manhattan Beach 1948 North Ardmore
Mid-Century Cool $1,399,000
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
Comic strip art - 1990 - clear book
Lift art drawn by LoBianco Studios - 5/99
“If” you need answers to your mortgage questions MetLife Home Loans, a division of MetLife Bank, N. A., is here to help. Because home ownership is part of life, we want to make the experience simple and fulfilling. Your local Mortgage Consultant will work with you by answering your questions and guiding you each step of the way.
For more information, contact: Eli Fairfield Sales Manager 1230 Rosecrans Ave, Suite #402 Manhattan Beach, CA 90266 310-227-3359 efairfield@metlife.com www.elisouthbay.com
Rolling Hills Office 609 Deep Valley Drive, Suite 234 Rolling Hills Estates, CA 90274 NMLS # 411752
All loans subject to approval. Certain conditions and fees apply. Mortgage financing provided by MetLife Home Loans, a division of MetLife Bank, N.A. Equal Housing Lender. ©2011 METLIFE, INC. L0411173118[exp0512][All States][DC] © 2009 PNTS
For the if in life ®
13357
Your home is extraordinary...
310. 990.
4727
DRE#01116110
Gerard Bisignano
www. coastal luxury living .com
Shouldn’t your representation be the same?
2108 Thorley Road, Palos Verdes Estates Luxurious authentic Cape Cod style home located in the coveted lower Lunada Bay. 6 large bedrooms, 4 baths, & 5100 Sq Ft of perfectly designed living space.There is a fully equipped chef’s kitchen with professional grade appliances, an island eating area, Shaker cabinets, Carrera marble counters tops and double sub zero refrigerator/ freezer. Flowing floor plan includes an enormous family room with large Montana granite masonry stone fireplace (assembled by a Montana stone mason), French doors and built-ins. Formal living & dining rooms & 2nd large family room/office. Luxurious master bedroom with ocean views & ocean view deck & large walk-in closet. Posh Master bathroom has radiant heated floors.The second family room/office features access to a large, beautifully landscaped back yard with a French & plenty of room for a pool. Attention to every detail & many high end finishes throughout such as hand-hewn wood beams & posts, wide plank rustic walnut hardwood floors, French doors & windows. Over $800K in upgrades completed over the last 3 years-all highlighting the superb architecture & French Country feel. Oversized laundry room, audio wired throughout, new roof 2 a/c units.Walk to the Lunada bay shops bluffs & schools.
$3,149,000
Gerard Bisignano Contact me for more information on off-market Strand and Walk Street homes.
Cell: 310-990-4727 | Office: 310-376-6004 gerard@coastalluxuryliving.com | www.coastalluxuryliving.com
Your home is extraordinary.
SHOULDN’T YOUR REPRESENTATION BE THE SAME?
DRE: 01116110
718 The Stand, Hermosa Beach
Expansive Luxury Estate, Rolling Hills
18 Hole Golf Course, 395-acre property, 113 Space Full Hook-up RV Park, On Site Restaurant. Access to 10,000+ Acres of Public National Forest Land,Trails for ATVs, Horseback Riding, Mountain Biking and Hiking.
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. Fabulous Panoramic Views from all 3 Levels.
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 with Pool & Spa, 4 Car Garage
Price provided upon request
Price provided upon request
$6,999,000
HG “A TV s S ’s ee Se n lli On ng LA ”
Luxury Golf Course-Lake Hughes, CA
819 10th Street, Manhattan Beach
904 Highview Avenue, Manhattan Beach
Architectural masterpiece by acclaimed Morphosis design team Thom Mayne & Michael Rotondi 4000+ Square Feet 3 Bedrooms, 3 Baths
Prime Manhattan Hill Section Location, 4 Bedrooms, 3.5 Baths Guest/Pool House, Solar Heated, Saltwater Pool with Waterfall, 4600+ Sq Ft of Living
A Manhattan Beach Modern Landmark, Dramatic U-Shaped Floor Plan, 3 Bedrooms, 3.5 Baths, Custom Steel Truss Beams, Panoramic Ocean Views
$5,295,000
$3,900,000
$3,600,000
130 19th Street, Manhattan Beach
329 19th Street, Manhattan Beach
627 Monterey Pine Rd., Mammoth Lakes
Stunning Walk Street Location Only 5 houses from the Strand! 4 Bedroom, 3 Bath Home, Ocean View Deck with Spa & gas BBQ, 2,144 Square Feet
Contemporary Dean Nota Walk Street Masterpiece, Fantastic Ocean Views 4 Bedrooms, 4 Baths 3632 Square Feet, 4 Car Garage
5 Bedrooms, 5 Baths Direct access to Mammoth Mountain from the Front Door, Stunning 270* View of the Mountain, 2 Master Suites with Walk-In Closets,Walk to Town, Shops & Restaurants
$2,795,000
$2,295,000
$1,199,000
ES IN CR OW
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RE JUS DU T CE D!
3410 Hermosa Ave., Hermosa Beach
www.CoastalLuxuryLiving.com
LiveInHollywoodRiviera.com Your number 1 Realtor速 in the Hollywood Riviera.
Igor Nastaskin Cell: 310.892.6016 Office: 310.378.9494 inastaskin2@socal.rr.com www.IGORrealestate.com DRE 01317822
Your Best Move. # 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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