Manhattan Beach Concerts in the Park

By Keith KylePoliwog Park

If you’re looking for some community summer fun, the concerns in the park series are a great way to spend your summer Sunday evenings.  Starting August 13th and ending on September 3rd the concersts take place at Polliwog Park (see map below) from 5pm to 7pm.  The summer schedule is:

  • August 13th – Shari Puorto Band
  • August 20th – Hollywood U2 (U2 cover band)
  • August 27th – Lynette Skynyrd (Lynard Skynyrd cover band)
  • September 3rd – Colour My World (Chicago cover band)

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d3312.0713245464676!2d-118.38699718478938!3d33.88781688065106!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x80c2b40ccc96b56f%3A0xaeeebefc27fcf920!2sPolliwog+Park!5e0!3m2!1sen!2sus!4v1502757401349&w=600&h=450]

1310 18th – Coastal Elegance in East Manhattan Beach

Built in 2002, the home at 1310 18th in east Manhattan Beach maintains the look and feel of new construction.  Boasting 1310-18th-street-manhattan-beachover 4400 square feet on a 7000+ foot lot, the home offers a wonderful combination of beautiful indoor and outdoor spaces.  The home is designed with entertaining in mind with a bright and open kitchen, oversized living room, great public spaces and a spacious backyard.

We're sorry, but we couldn't find MLS # SB16717265 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Luxury Home Flips Alive and Well in Manhattan Beach

By Keith Kyle1641-23rd-street-remodeled-kitchen

Although we’ve seen quite a slowdown in luxury home flips in Manhattan Beach, they are still out there and are still alive and well.  The reason for the slowdown is that the home prices for older, original condition homes has increased so much in the last two years that it’s been tougher for investors and flippers to find properties with a guaranteed return.  2014 and 2015 saw a number of luxury home flips in Manhattan Beach and many opportunities for 1641-23rd-st-manhattan-beachrehabbing and often expanding these original beach bungalows and many investors did very well.  While it’s slowed down the recent flip, listing and sale at 1641 23rd Street in East Manhattan Beach.  Purchased for $1,260,000 in November 2015, the reinvented (and expanded by about 400 feet it appears) home came on the market as a luxury flip for $1,799,000 in July of 2016.  While that price may have been a bit over valued, the recent price drop to $1,699,000 seems to have done it as it’s gone into escrow as of September 20th.  The sales price hasn’t been released but these are still big numbers for homes in the Liberty Village neighborhood of East Manhattan.

We're sorry, but we couldn't find MLS # SB16159529 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Is Liberty Village – Manhattan Beach – Ready for $3.0M Homes?

By Keith Kyle

1631 19th Street sold at $2.725M

1631 19th Street sold at $2.725M

Liberty Village is a small area of East Manhattan Beach with primarily smaller, original homes built in the 1940s and 1950s.  This had always been the least expensive area or Manhattan and homes were often owned by engineers from nearby TRW (now Northrop Grumman).  Well times have changed and with lot values now over $1,000,000 even Liberty Village is a viable option for some big money buyers in Manhattan Beach priced out of the other areas.

Although still made up primarily of original homes, many of which have been extensively remodeled by owners or flippers, the area has seen a definite increase in new construction as builders have seen a much higher likelihood of yielding significant profits.  Lately numbers have skyrocketed and we’ve inched closer to the $3.0M mark which would have seemed unthinkable a year ago.

The highest sale was at 1631 19th Street which closed at $2,725,000 in June of 2015.

1304 Lynngrove Currently Listed at $2.99M

1304 Lynngrove Currently Listed at $2.99M

The listing at 1304 Lynngrove initially took that high water mark and then some.  Originally listed in February of 2015 for just under $3.2M the home has had a number of price reductions and is now listed at $2,999,900 which is still a huge number for Liberty Village.   It will be interesting to keep an eye on the ultimate sales price of this new construction home on a 5300 foot lot as it will likely set the bar for any and all upcoming new construction homes in the area.

We're sorry, but we couldn't find MLS # SB15245725 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

Will this be the new norm for lot value in East Manhattan?

By Keith Kyle7500_Foot_East_Manhattan_Lot_Sales

It will be interesting to keep our eye on the recent listing at 1466 3rd Street in the Mira Costa area of East Manhattan Beach as it will indicate a pretty significant rise in “lot” value over the past year.  Whether the home is simply overpriced at $1,700,000 or an indication that land values have gone way up is unknown but it will certainly give us an idea as to whether these larger 7500 foot lots are so in demand by buyers and builders alike that they’ll go up to a price well above the 2015 norm.

We're sorry, but we couldn't find MLS # SB15262972 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

No Place Like Home for Holidays – But Not Too Many Homes To See

There may be no place like home for the holidays, but if you’re hoping to visit open houses in Manhattan Beach this 116-25th-Street-Manhattan-Beachweekend there won’t be too much to see.  The open houses in the Beach Cities and South Bay are just as limited as things slow down for the holidays.

Here’s the open houses in Manhattan Beach this weekend.

 

Days Hours Address Details Price
Sun 1-4pm 36 Malaga Place E, Manhattan Beach 3 BD, Manhattan Village $1,425,000
Sat 1-4pm 461 S. Prospect, Manhattan Beach 4 BD, 3.5 BA, 8,714 SF Lot $1,900,000
Sun 1-4pm 1765 Curtis Ave., Manhattan Beach 5 BD, 3.75 BA, 3,873 SF $2,195,000
Sun 2-4pm 907 Harkness, Manhattan Beach Nice East Manhattan Home $2,295,000
Sat/ Sun 1-4pm 1304 Lynngrove Dr., Manhattan Beach 5 BD, 5.5 BA, New Construction $2,999,900
Sun 1-6pm 201 Larsson St., Manhattan Beach 4 BD, 4 BA, Ocean & City Views $3,399,000
Sat/ Sun 2-4pm 756 36th St., Manhattan Beach New Construction Coastal Plantation Style Home,
6 BD, 6.5 BA
$3,579,000

Foreclosures in Manhattan Beach?

By Keith Kyle

While Manhattan Beach was fairly well insulated from the market downturn and housing market collapse a few years ago, we have seen a few bank owned and preforeclosure properties lately.  Since July 1st there have been three “distressed” properties on the MLS.  These are not your usual foreclosures as prices are well over $1,500,000, but it’s still a very rare occurrence in this community of luxury homes and multi million dollar properties.

Manhattan_Beach_Foreclosures_2015

 

Currently there is only one short sale on the market located at 1127 5th St in East Manhattan beach.  Contact us if you would like to be updated with any of these rare foreclosure opportunities in the future.  To see a list of the foreclosures in other cities including Redondo Beach, Palos Verdes, Torrance and more.

Recent Flip on Wendy Way Shows the Market Is Alive and Well

By Keith KyleMature trees and corner lot located in Liberty Village.

Luxury high-end flips have become fairly common in Manhattan Beach with prices skyrocketing and demand for “newer” feeling homes at an all time high.  Nowhere was this clearer than the recent sale at 1727 Curtis which sold in December 2014 for $1,050,000 and just resold in mid April for a whopping $1,749,000.  

There are still a number of original bungalow type homes in the area and most of the time they are sold to builders, torn down and a enormous new home is put in it’s place. There are some cases, however, where the square footage may make it worth more than a builder wants to pay, and makes for an attractive option for luxury remodels. That’s the case with the home at 2209 Wendy Way. Purchased in 2015-04-14 17.57.43November 2014 for $1,250,000 the home has gotten a beautiful makeover and hit the market several months later at $1,749,000. Unlike many of the past flipped homes in which the original purchase price was very low, this will be a good test as the builder purchased the home at a bit of a premium price for the location. They did a wonderful job of modernizing the home and layout, with high end finishes and a great feel, but the location is less than ideal and the asking price is certainly on the very high side in the Liberty Village neighborhood the home is in.   The home just went into escrow as April 21st but the sales price isn’t known as of this article.    Only time will tell but this may help determine just how eager flippers are to take on future projects.

We're sorry, but we couldn't find MLS # SB15075058 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

1740 2nd Street – New Home for Sale in East Manhattan Beach

East Manhattan is known for large homes and large lots, which allow for some creative and inspired designs.  The home at 1740 2nd Street has 1740 2ndtaken full advantage of the 5300 foot lot with an impressive 6 bedrooms and over 4000 square feet of living space.  As with all homes in the city, one of the major appeals is the fantastic Manhattan Beach Unified School district.  The home was built in 2005.  Located on 2nd St, a moderately busy street, the home is at the high end of the market for the location, but for those looking for a sizable home with a fairly new construction feel in a family friendly location, this might be the home for you.  Contact us for more information or call text at 310-251-2344 and we’ll be happy to help.

ML#:   SR14233907 
List Price:    $2,300,000
Price Per Sqft:    $573.28  
Bedrooms:  6
Baths: 5
Property Type:   Single Family 
Sqft (Src):  4,012 (Assessor’s Data) 
Lot Size  5300

We're sorry, but we couldn't find MLS # SR14233907 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Manhattan Beach School Boundary Map

One of the most common reasons people want to live in Manhattan Beach is the quality of the schools.  One of the most frequent questions is what elementary school will a child attend depending on where they buy a home in Manhattan Beach.  Manhattan Beach Unified School District has 5 elementary schools, one middle school and one high school (Mira Costa).  See the map below to get a better sense of where the elementary schools are located and the boundaries of each.

Manhattan-Beach-Schools-Map

In general the hill section and south sand section neighborhoods attend Robinson Elementary, the north sand section and parts of the tree section attend Grand View, the eastern half of the tree section attends Pacific, the Manhattan Heights and Liberty Village areas (east of Sepulveda and north of MB Blvd) attend Meadows and the Mira Costa area of East Manhattan attend Pennekamp.  All are fantastic schools with incredible test scores and parent participation is second to none.