Redondo Beach Real Estate: Golden Hills

The Golden Hills neighborhood of North Redondo Beach (MLS area 154) is located south of the Artesia Blvd Manhattan Beach border and east of Hermosa Beach and extends south of Aviation Blvd to 190th St (Anita) on the North and South Redondo Beach border. The area is also sometimes referred to as the Golden Triangle.

Most of the housing in the Golden Hills are various generations of what are affectionately referred to as "tall and skinny" multi-level single family homes built on 2500 sq ft lots. The typical floor plan of the newer tall and skinny homes feature 2 bedrooms downstairs, one of which has a double sliding door leading to a very small backyard, and a great room, dining room, and master bedroom located upstairs. Vaulted cathedral ceilings are very common. The great room typically has a fireplace. Some Golden Hills homes also feature fireplaces in the master bedroom. Many of these homes are very similar in floor plan to 3 on a lot attached townhouses found in MLS area 151-152.

Other variations buyers may find are "standard" floor plans with the living room and dining room downstairs and 3 bedrooms upstairs. We have seen a few homes that also feature an open bonus area upstairs.

Because the Golden Hills have, well hills, some of the houses have a third lower level bonus room leading out to the backyard. There are also a few houses that have lofts built on a third level above the great room. Some homes have roof top decks.

Additionally, buyers will find a few attached townhouse complexes. The detached two on a lot townhomes and attached 2 and 3 on a lot properties in MLS area 151-152 are typically not found in the Golden Hills.

Many, but not all of the homes are in the highly desirable Jefferson Elementary School borders. Jefferson consistently is rated as one of the top Elementary Schools in the area. The borders for Jefferson are partially Golden Hills and partially MLS area 152.

You can walk or bike to the beach from many of the houses in the Golden Hills. While no Golden Hills homes have ocean views (that we know of), many have great mountain, city, and neighborhood views.

Prices for single family homes are typically comparable to attached and detached two on a lot properties, many of which have larger front or rear yards than the Golden Hills homes built on 2500 sq ft lots. There are a few pockets of 5000 sq ft lots that are zoned R1 (not R1-A) and can not be subdivided. Many of the older single family homes on the larger lots have been nicely updated.

The major drawback to many of the homes in the Golden Hills are the small lots which on many blocks create a row house effect. Typically, the garage is in front of the house and the front door is located on the side. Because many lots are 25 x 100 Golden Hills homes tend to be very close to each other and you'll often have windows that look right out at your neighbors.

Year to date, there have been a total of 60 sales in the Golden Hills. Here's some stats:
  • 56 Single Family Home Sales
  • 4 attached townhouse sales
  • Lowest price single family $477,415
  • Highest price single family $905K
  • 8 short sales
  • 1 probate sale
  • 1 REO (bank owned foreclosure)
  • Average selling price $655,270
  • Average 3 bedroom 1676 sq ft
Currently there are 16 Golden Hills properties for sale; 2 attached townhouses and 14 single family homes. The lowest price is $379K and the highest is $899K which tracks fairly well with the year to date numbers. Four MLS listings are short sales and 2 are REOs. So, distressed sales in the Golden Hills are tracking higher than than earlier in the year which is indicative of Redondo Beach in general right now.

The MLS currently lists 12 Golden Hills properties currently in escrow (either pending or backup status) of which 2 are REOs and one is a short sale. All are single family homes. Following are some real examples or active, pending, and sold MLS listings indicative of Golden Hills real estate activity.