New Townhome Listing in North Redondo Beach

Looking for a great place that's also a price performer?  Check out my new townhome listing in North Redondo Beach at 2421 Hill Lane, #2.  This is a STANDARD sale! - David

Sunny Outlook for Refreshing Shade in King Harbor

Mike Zislis, one of the South Bay's most productive and successful entrepreneurs, now gets to build a beautiful new hotel in what has long been a badly under-performing section of King Harbor.  I'm pleased to see that Redondo Beach Councilman Bill Brand, who I had the pleasure of meeting over the weekend at a candidate event, is lending support to this deserving development and beautification effort.  The public's passage of Measure G, allowing reasonable development and removing the unfortunate blockade which had stymied sensible land usage, helped clear the way after a multi-year logjam. - David

An Informed Perspective on Redondo Beach Measure G

Wise words on Redondo Beach Ballot Measure G from my colleague Sandi Pfister of South Bay Brokers:

"If you know anyone, client or friend, who lives in RB it might be good to have a conversation where you can help people understand that just one small new hotel - Mike Zislis' proposed 57-room boutique hotel next to Cheesecake Factory - could bring in $500,000 to $700,000 per year in transient taxes without increasing car trips. Also, if Measure G is approved it is also a vote of the citizenry to 'approve' the City's proposed Coastal Plan. That means developers would not ever have to go before the California Coastal Commission to get approval for a project.


AND, approval of Measure G would help to restore reasonable property values for commercial properties in RB. Since Measure DD was approved, no developer wants to try to purchase and then go to the ballot box to receive approval for any project - so property values are way down. And, I personally think that finding and electing smart people to the City Council every time they have a chance to help mold their City is the best way to keep the City vibrant and in good health."

Sandi is on the right track.  Those who want to keep Redondo Beach to themselves rather than allowing it to experience the natural growth of a beautiful beachfront are waging a war on their city's prosperity not unlike that of the Federal Government upon us all. If they're doing this knowingly, then I'd strongly encourage looking into their motives.  If unknowingly, simply believing the negativity that has surrounded this issue for so many years, then it would make sense for them to learn the facts and make an informed decision, whether popular or otherwise.

The first step in getting better informed would be to recognize that the AES plant will not simply pack up and go away.  We need to work with AES to do something intelligent, rather then hallucinating that it will do something completely diseconomic.

I'd say the informed vote on Measure G is a "Yes."  - David

Tales of The Plush Horse Inn - The Daily Breeze

Lived in So Cal for a long time?  In the South Bay?  Here's a memory flogger for you: Tales of The Plush Horse Inn. How about the Strand Supper Club?  Same place; your blogger even remembers seeing Maynard Ferguson there about 100 years ago! - David

Spacious Golden Hills Family Home

Be sure to see this Virtual Tour of a clean, spacious Golden Hills listing in Redondo Beach. Large covered lanai, great street and school district! - David

Residential Income/Investment Properties Analyzed in Detail!

Considering an investment in residential income properties within 2-3 miles of the beach? 

I've just completed an exhaustive analysis of currently available apartment buildings from Santa Monica to Redondo Beach in the $2-6 million range.  Found cap rates as high as 5.4% and gross rent multipliers as low as 11.1.  Of course, those are based on asking price. 

Also found lots ranging to 1/2 acre; cost per unit as low as $164,750, cost per bedroom as low as $106,094, assumable financing as high as $2.5 million.

If you could be interested in an income property investment, please feel free to contact me! - David

Homes in Escrow Continue to Decline in South Redondo Beach

As seen in this chart, the number of homes in escrow (pending) in South Redondo Beach continued to decline in November. Contact me for comprehensive, up-to-date statistical information by market. - David

Months Supply of N. Redondo Homes Continues 2-year Decline

The number of months of inventory of homes in North Redondo Beach continued its 2-year decline, reflecting an increase in the pace of sales and a reduced number of homes hitting the market. - David

Pan Am Takes Off in a California Garage

Here's my vote for the best use of a South Bay Garage! Pan Am Takes Off in a California Garage 10/26/09 - David