City Government and Finances
Torrance Real Estate | Hollywood Riviera
At PV Brokers, our approach to Torrance Real Estate sales and marketing begins with integrity and experience. These founding principles ensure that our clients receive ethical, personalized attention from our knowledgeable Realtors and Agents. We strongly believe in long-term relationships with our Torrance Real Estate clients resulting in a fair and enjoyable home buying experience. We understand the emotion and importance attached to the purchase of your new home. As such, we carefully listen to the needs of our clients and only then apply our expertise and experience to meet their expectations. At all times, we operate with the upmost integrity and professionalism, remembering that our practice is client-centered and client-driven. We look forward to serving you for all your Hollywood Riviera and Torrance real estate needs. Simply, at PV Brokers, we listen.
History of Torrance
On May 31, 1911, Jared Sidney and Associates founded the city of Torrance by the purchasing of 2,791 acres of land from the Dominguez Estate Company. The purchase price was $976,850. Additionally, Susana Dominguez del Amo sold 730 acres to Torrance for $350 per acre. This land was originally a small part of the Spanish land grant called Rancho San Pedro, given to Juan Jose Dominguez in 1784. When initiated, this planned industrial town provided housing for 500 people.
The original proposal for the city of Torrance indicated that its name would be "Dominquez". The post office disallowed the use of this name as there was already a post office bearing that name. On March 12, 1912, at a meeting of the board of directors of The Dominquez Land Company, this issue was discussed. Many variants of the name "Dominquez" were discussed. Some alternate names considered were "Southport" , "Coronel", "Obrador", "Don Manuel" and "Industrial". After lengthy debate, with the dissent of Jared Torrance, the board approved a resolution naming the new development "Torrance". The city was incorporated in 1921, and had an initial population of approximately 1,800 residents.
Bostonian, Frederick Law Olmstead, Jr., was considered the foremost landscape architect in the country. He provided the landscape planning for the Palos Verdes Project. Olmstead, also, designed the new industrial community of Torrance. On the massive cornfield, he outlined the streets and boulevards, marked the business district, placed the industrial sites in the lee of the town, away from the prevailing westerly breeze, chose a hilly spot for the civic center, indicated the site of city hall, the public library, an auditorium and other public buildings, backed his civic center with a thirty-acre park and, fixing his eyes firmly upon the white peak of Mt. San Antonio at the horizon, drew out a broad boulevard straight through the business center. He designed curved contour streets as well as straight ones, provided diagonals, chose the trees, palms and shrubs for the parking spaces and told the engineer to go ahead. H.H. Sinclair, the chief engineer, implemented the Olmstead plans into practicality and completed the construction in record time.
The city of Torrance was a crowning achievement in the illustrious develpoment career of Jared Torrance. The Torrance city plan and development illustrated the necessity of individual real estate ownership and sense of community. These are key elements to ant city's growth and development . In this spirit, the individual home was fostered and protected by prohibiting the erection of any structure other than private dwellings in the residence districts, by a complete separation of business houses from the home neighborhoods, by setting aside certain areas for livery stables, lumber yards, blacksmith shops and similar unsightly plants, by preventing the encroachment of the industrial zone upon the dwellings and by strict regulations, running with the land, against the manufacture or sale of pollutants. Importantly, Torrance made the individual home site a minimum width of forty feet with a depth of a hundred and forty feet. This was considerably larger that typical homesites near his home city of Boston.
In 1912, the Pacific Electric Railway depot was completed and served Red Car passengers in Torrance from the Gardena line. The Depot has sinced been transformed into a popular eatery.The discovery of oil reserves sparked the initial development in Torrance. The first oil well was dug in December 1921, and it was a very lucrative. This discovery increased the population in the city from 1,800 to 2,750. Shortly thereafter, oil rigs could be seen throughout Torrance. In fact,by 1925, there were 582 producing oil wells sprinled throughout the city. By the early 1950's, this had increased to 615 wells. In the late 1950's, however, oil production decreased significantly. While the first well in 1921 produced 900 barrels a day, daily production in the late 1950's was down to an average of five barrels per well. Thankfully, an ordinance was issued which required the removal of all wooden oil derricks by July 1, 1961. This process was completed in 1963.
Another architectural endeavor, the Pacific Electric Railroad Bridge, was constructed in 1913 and designed by Irving Gill. Mr. Gill also designed the Pacific Electric Depot Station.
The original Torrance city charter was ratified by a vote of the people on August 20, 1946. The Charter was filed with the California Secretary of State on January 7, 1947. The discovery of oil, a second planned industrial expansion, and land annexations marked early development and set the stage for Torrance to become one of the largest cities on Los Angeles County with its population about 138,400.PV Brokers provides residential real estate services for the Los Angeles County South Bay communities of Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Hermosa Beach, Manhattan Beach, Torrance and San Pedro. We specialize in Torrance Homes for Sale and Torrance Real Estate. As a boutique Realty, our agents and brokers are committed to giving our clients specialized service and attention.
Agent ProfilesBart Cleveland
Co-Founder, PV Brokers
For 20 years, Bart has been the president of Ro-Bart Corporation primarily handling the operations of a prominent South Bay restaurant, Mr. Pockets Sports Bar. This experience afforded him unique networking opportunities as a visible part of the South Bay community. Coupled with being a Palos Verdes native, Bart’s contacts within the entire South Bay community are extensive and will be leveraged to meet all your specific real estate needs.
Bart was also the co-founder of the Westwood Opportunity Fund, a hedge fund specializing in small and mid-cap equities. He is a registered investment advisor and can provide a unique perspective to make your home choice an affordable and responsible one. Acting in your best interest with experience and integrity is one of the founding principles of PV Brokers.
Bart is a graduate of the University of California at Los Angeles and received a BA in Political Science. He presently resides in Palos Verdes with his wife and 2 children.
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