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Rolling Hills Estates Real Estate Market
Three Months ending September 2020
Average Home Sale Price: $2,227,000
Sale Price Per Sq. Ft: $731
Sale Price Per Sq. Ft. (% Change from last year): (10%)
Number of Homes Sold: 40
Number of Homes Sold (% Change from last year): 38%
Months Inventory: 1
Rolling Hills Estates City Description
Rolling Hills Estates is located on the Palos Verdes Peninsula, one of the most beautiful residential communities in the world. The Palos Verdes Peninsula is also one of the wealthiest communities in the country, as described in the Los Angeles Business Journal. Rolling Hills Estates and the Palos Verdes Peninsula have an extremely interesting history . The commercial center of the Peninsula is located in Rolling Hills Estates, including The Promenade of the Peninsula regional shopping center, and the Shops at Palos Verdes. The unincorporated Los Angeles County area known as Palos Verdes Peninsula is surrounded by Rolling Hills Estates and is the residential area on either side of Crenshaw Boulevard, south of Palos Verdes Drive North, which is accessible only from Palos Verde Drive North, as well as a small area just south of the intersection of Rolling Hills Road and Crenshaw Boulevard.
Neighborhoods in Rolling Hills Estates
Refer to this map of Palos Verdes for the below information.
Palos Verdes Drive North (Area 165 in the map above) This area extends from the eastern boundary of the city, just south of Palos Verdes Drive east, to the northern boundary of the city with Palos Verdes Estates, and is located both north and south of Palos Verdes Drive North. Neighborhhoods include Colina Ranch, Strawberry Lane, Rollingwood, Rolling Hills Road, Roanwood, Saddlebow, Palomino Ranchos, Monticello, Marloma, Masongate, Empty Saddle, Dapplegray, Club View, and Bridlewood Circle.
Palos Verdes Peninsula: (Area 165 in the map above) The residential area on either side of Crenshaw Boulevard,south of Palos Verdes Drive North, which is accessible only from Palos Verde Drive North, is not in the City of Rolling Hills Estates, but is in an unincorporated area of Los Angeles County referred to as Palos Verdes Peninsula, California. This unincorporated area consists of two neighborhoods. One is called Academy Hill, with less than 200 homes, and the other is called Westfield, with approx. 300 homes. Many of the homes in The Palos Verdes Drive North area are zoned for horses and have larger lots. There is an extensive system of horse trails in this area as well as the adjacent city of Rolling Hills. There is also a small area just south of the intersection of Rolling Hills Road and Crenshaw Boulevard, adjacent to Torrance and surrounded on three sides by Rolling Hills Estates, that is also an unincorporated area of Los Angeles County, also within the mailing address of Palos Verdes Peninsula. This area has a large condominium and townhouse project called The Estates, which has some of the more affordable housing units on the Palos Verdes Peninsula. These unincorporated areas, although not a part of the four cities of the Palos Verdes Peninsula, are included in the boundaries of the Palos Verdes Unified School District.
Silver Spur: (Area in green in in map above Area 176 above). This area includes homes off of Silver Spur Road to the north of Hawthorne Boulevard until Montemalaga Drive, the borders of the City of Palos Verdes Estates on the north and west, and Hawthorne Blvd on the South.The homes in this area tend to be smaller and older than many of the other homes in Rancho Palos Verdes, and therefore tend to be more affordable. Neighborhoods include Grandview Estates. Peninsula High School is located in this area. Most of this area is located in the City of Rancho Palos Verdes except for Peninsula High School and some homes to the east of Silver Spur Road just before Montemalaga that are located in the City of Rolling Hills Estates.
Peninsula Center: (Area in green in map above in Area 175 in map above)The area has three shopping areas including the Promenade of the Peninsula, the Peninsula Center, and the Town and Country Shopping Center, which are all located to the south of Silver Spur Road in the City of Rolling Hills Estates. This neighborhood includes the commercial heart of the Peninsula. The Promenade of the Peninsula is a three level open air mall featuring a skating rink, movie theatres, restaurants, and shops. The other two shopping centers feature grocery stores, drug stores, and other shops. The main Public Library as well as the main Peninsula Post Office is located on Deep Valley Road, This road has a “village” feel to it, with several excellent restaurants, and several new condominium and retail developments recently completed or planned for the near future, including new office and senior housing. Silver Spur Road is the main road servicing this area, and includes most of the office development in the City. This area also includes several relatively new condo developments Silver Spur Court and Rolling Hills Villas, as well as several new condo projects currently under development (see below)
Crest: ( Area in green as part of Area 174 in map above) This area is in the center of the Palos Verdes Peninsula and is bordered by Hawthorne Blvd on the east, Indian Valley and Armaga Springs roads on the south, Indian Peak road and Crenshaw Blvd on the east, Crest road on the south, and the area to the east of Highridge Road (south of Highridge Park and Armaga Springs Road, and north of Crest Road). Most of this area is located in the City of Rancho Palos Verdes, but about 20% is located in the City of Rolling Hills Estates (including The Terraces project and the homes immediately on the east side of Highridge south of the Terraces project to Crest Road). Due to its location, most homes in this area do not have views. The homes in this area are primarily townhomes and condominium developments including the Terraces, Casas Verdes , and the Sea View Villas , Ridgegate, Mira Verde, Armaga Springs, and Hilltop Circle townhome developments, as well as a number of condominium buildings on Ravenspur Drive as well as condominiums on Peacock Ridge.
La Cresta: (Area in green as part of Area 172 in map above) This residential area is surrounded by the City of Rancho Palos Verdes and is bounded by Hawthorne Boulevard, Indian Valley Road, Armaga Springs Road , Highridge Road, and Crest Road ( the Wallace Ranch development at the intersection of Armaga Springs Road nad Highridge Road is located in the City of Rancho Palos Verdes. Due to its location, most homes in this area do not have views.Several of the housing developments in this area are gated and private including Vantage Point, The Ranch, Rolling Hills Park Estates, Hillcrest Manor and Hillcrest Meadows, and include the townhome developments of Rolling Hills Park Villas , and Cresta Verde . Highridge Park is a large community park.
Rolling Hills Estates Schools
Students attend school at Palos Verdes Peninsula High School (located in Rolling Hills Estates), Ridgecrest Intermediate School and Miraleste Intermediate School ( located in Rancho Palos Verdes), and several local elementary schools, all part of the Palos Verdes Unified School System. There is an additional high school located in Palos Verdes Estates, Palos Verdes High, and both high schools are California Distinguished Schools, with open enrollment to students on the Peninsula (they do not have enrollment boundaries). Palos Verdes HIgh has a unique class scheduling structure, called block scheduling, where students attend three extended periods each day, alternating with their other three classes each day. Peninsula High has a more traditional structure of the same periods for all classes each day. Palos Verdes Unified School District has some of the highest test scores in the state. There are also a number of excellent private schools on the Palos Verdes Peninsula.
Culture in Rolling Hills Estates
Most of the cultural activities for the Palos Verdes Peninsula are located in Rolling Hills Estates. These include the Norris Center for the Performing Arts, the Peninsula Symphony, and the PV Players. The Palos Verdes Art Center is located in the City of Rancho Palos Verdes. For further information on Arts and Culture on the Peninsula, Click Here.
Sports, Parks and Recreation in Rolling Hills Estates
Children in Rolling Hills Estates play baseball in two little leagues ; Rolling Hills Little League (located in adjacent Rolling Hills), and Silver Spur Little League (located in Rolling Hills Estates), ( For a map of the little league boundaries, Click Here) Pony League baseball for 13 to 15 year olds, is available at Ernie Howlett park in Rolling Hills Estates, and George Allen Field in Palos Verdes Estates. AYSO Soccer leagues are active throughout the City. Girls softball is generally played on fields at various school locations There are also youth basketball leagues, and lacrosse leagues for intermediate schools.
Public Golf Facilities are available at Los Verdes Country Club and Trump National Golf Club in Rancho Palos Verdes, and the Palos Verdes Country Club (weekdays only). Los Verdes is a public golf course run by the County of Los Angeles. See Golf on the Palos Verdes Peninsula for detailed information on the Golf Courses on the Palos Verdes Peninsula.
Rolling Hills Estates has several large parks including Ernie Howlett Park, Highridge park, and four other park facilities:
Ernie Howlett Park is located at 25851 Hawthorne Boulevard between Palos Verdes Drive North and Rolling Hills Road, Ernie Howlett Park is the City’s major recreational facility.This 35 acre park provides facilities to many sporting and leisure activities, including: four one-wall handball courts, multi-purpose athletic fields, a regulation basketball court, a sand volleyball court, picnic tables, barbecue pits, and a variety of playground equipment. The park also boasts a 3/4-mile running track and a bicycle path. However, for many of the sports-mined, the main attractions of Howlett Park are the Rolling Hills Estates Tennis Club and the Equestrian Center. Eight tennis courts are open to the public, with a patio, refreshment center, and a grandstand for tournament spectators.
The Equestrian Center at Ernie Howlett Park, which features three riding rings, a dressage area and grandstand, and multi-use trail, is a frequent site for local horse shows. Other equestrian facilities are located in the City at the Rolling Hills Estates Stables, the Empty Saddle Club, Chandler Park, and Dapplegray Park, as well as the Palos Verdes Stables in Palos Verdes Estates.
Located at the corner of Crestridge and Highridge Roads, Highridge Park is a 10-1/2 acre facility that features two regulation-size soccer fields, youth softball/baseball field, barbecue pits, restrooms, picnic tables, playground equipment, approximately one mile of running track with Par Course stations, and a multi-use trail.
The South Coast Botanical Gardens are located on a former landfill site on Crenshaw Boulevard. The Gardens include many unique garden environments, including a Japanese garden, a rose garden, a children’s garden, and a water garden. Many events are held here including garden shows and concerts.
Tennis may be played at Ernie Howlett Park in Rolling Hills Estates, the Jack Kramer Club in Rolling Hills Estates, at the Peninsula Racquet Club in Rancho Palos Verdes, or at one of the excellent courts at Peninsula High. Tennis League play is available through the South Bay Marine League, which has teams at most of the private tennis clubs in the area as well as Ernie Howlett Park in Rolling Hills Estates
For additional information on sports, parks and recreation opportunities on the Peninsula,Click Here.
New Condominium Developments Planned for Downtown
The City Council of Rolling Hills Estates on March 28, 2006 approved a new condominium complex to replace a previous car wash adjacent to the Avenue of the Peninsula shopping mall and across from the Public Library on Deep Valley Drive at 627 Deep Valley Drive. The project is was completed in mid 2019 and is a four story 58 unit condominium, with units containing two or three bedrooms with two baths, and ranging in size from 866-1,374 square feet. The project also has roof top decks as an additional amenity. The units are clustered around a central courtyard and will also contain ground floor retail space.
The proposed 655-683 Deep Valley Drive and 924-950 Indian Peak Road Mixed-Use Residential Project is also currently in the planning stages.The proposed project would demolish the existing office buildings at 655 Deep Valley Drive, 924 and 950 Indian Peak Road, surface parking lots, and landscaping. Construction of the proposed project would stabilize the existing landslide and include 148 residential units, approximately 14,200 square feet (sf) of commercial area fronting Deep Valley Drive, and associated parking. The Brick Walk commercial development would be enhanced through exterior facade improvements, including, but not limited to, new paint and replacement of awnings.
Another project which began construction in early 2019, will be a mix of medical offices, condominiums and ground floor retail to be located at 927 Deep Valley Drive just west of the Post office on Deep Valley Drive, and adjacent to the Rolling Hills Villas.The project is planned for 75 condos and 2,000 sq. ft. of commercial space. The project is consistent with the City’s vision of an urban village along Deep Valley Drive mixing retail, office, and commercial uses in a pedestrian friendly environment.
On March 7, 2007 the planning commission of the City of Rolling Hills Estates recommended that the city council approve Craig Knickerbockers mixed-use project proposal for a new 16 unit condominium complex in the city’s downtown area at 827 Deep Valley Drive.. The units are planned to be one bedroom, one bathroom, and a den ranging from 1,150 to 1,250 square feet, and are planned to appeal to young buyers, or to empty nester retirees wanting to maintain a small residence on the Hill. The developer will renovate an existing medical office building while building the new condo residences.
Rolling Hills Estates Property Taxes
The property tax rate for the fiscal year of 2020-2021 is 1.067%(computed by the standard 1.0% of the property’s assessed valuation (in accordance with Proposition 13, a property’s assessed valuation is the original purchase price, plus the cost of improvements, based on the value of permits pulled, plus an increase in valuation of 2% per year) plus additional tax rates for voted bonded indebtedness) plus direct assessments of approx. $800-900 per parcel for such items as school parcel taxes, etc.
Taxes are assessed for the fiscal year running from July 1st through June 30th, with property tax bills payable in two installments on December 10th and April 10th. If a property changes ownership during the year, a supplemental tax bill will be prepared prorating the tax increase due to a change in valuation over the remainder of the fiscal year. If a change in ownership occurs between January 1 and May 31 this will result in two supplemental assessments and two supplemental tax bills. The first supplemental bill is for the remainder of the fiscal year in which the event occurred. The second supplemental bill is for the subsequent fiscal year.
Property Transfer Tax: The County of Los Angeles levies a transfer tax upon the sale of a property of $1.10 per thousand dollars of the sale price.
Police and Fire Protection:
Police, Fire and Paramedic services are contracted with Los Angeles County with the Los Angeles Sheriff’s Department, and the Los Angeles County Fire Department.
Places of Worship:
The following places of worship are located in Rolling Hills Estates:
Rolling Hills Covenant Church – 2222 Palos Verdes Drive North
First Baptist Church of Palos Verdes – 28 Mocassin Lane
Rolling Hills United Methodist Church – 26438 Crenshaw
New Life Christian Church – 28340 Highridge Road
St. Luke’s Presbyterian Church – 26825 Rolling Hills Road
Several other churches and synagogues are located in adjacent Rancho Palos Verdes
Demographics:
Population in July 2017: 8,266. Population change since 2000: +7.2%
Males: 3,910 (47.5%), Females: 4,316 (52.5%)
Elevation: 500 feet
County: Los Angeles
Land area: 3.6 square miles
Zip code: 90274
Median resident age: 50.2 years
Median household income: $137,308 (year 2017)
For population 25 years and over in Rolling Hills Estates
- High school or higher: 98.0%
- Bachelor’s degree or higher: 66.2%
- Graduate or professional degree: 30.3%
- Unemployed: 2.1%
- Mean travel time to work: 29.1 minutes
Crime in Rolling Hills Estates (2017)
- 0 murder (0 per 100,000)
- 2 rapes (24.2 per 100,000)
- 1 robberies (12.1 per 100,000)
- 9 assaults (109 per 100,000)
- 42 burglaries (508.5 per 100,000)
- 8 auto thefts (96.9 per 100,000)
- Crime index (2017)= 138.0 (higher means more crime, US average = 280.6)
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KEVIN
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MAUREEN
310.259.7124
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BRUCE
310.259.7125
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