DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.
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20 DIGS.NET | 10.21.22 OCTOBER 21, 2022 | ISSUE 288 TO OUR READERS South Bay DIGS welcomes your feedback and encourages reader response to our editorial features. Please send your letters to the Publisher at 722 1st Street, Unit D, Hermosa Beach, California, 90254 or via email to WDOW@southbaydigs.com. Please include your name and contact information. Letters may be published and we reserve the right to edit. ADVERTISING For inquiries, please contact Publisher Warren Dow at 310.373.0142. EDITORIAL For editorial inquiries, please email Editorial@SouthBayDIGS.com On The Cover PRESENTED BY ED KAMINSKY OF KAMINSKY REAL ESTATE GROUP LIST PRICE $9,995,000 FEATURED ON PAGE 60 722 1st Street, Unit D, Hermosa Beach, California, 90254 Office: 310.373.0142 South Bay Digs Magazine is published every other Friday by m3 Media, LLC. Reproduction in any form or by any means is strictly prohibited without the prior written consent from m3 Media LLC. The Publisher and advertisers are not responsible or liable for misinformation, misprints, or typographical errors. All advertised properties are subject to prior sale or withdrawal without notice. Real estate advertised in this publication is subject to the Federal Fair Housing Act. M3 Media will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. Any and all submissions to this publication become the property of m3 Media, LLC and may be used in any media. CREATIVE SERVICES & AD DESIGN/ORIGINAL ARTWORK PROVIDED EXCLUSIVELY BY SOUTH BAY DIGS. © 2022 Micro Market Media, LLC. All rights reserved. Founder & CEO / Publisher President & COO Chief Growth Officer Digital Media Director Video Editor Senior Graphic Designer Senior Graphic Designer Contributing Writers Senior Staff Photographer Warren J. Dow Bud Moore Kyle Coats Kieron McKay Matt Polizzi Jim Alba Rufus Agbede Jenn Thornton Constance Dunn Karine Monié Joclene Davey Abigail Stone Paul Jonason CO N N E C T W I T H U S Listen & subscribe on iTunes, digs.net or your favorite podcast provider. The Titans of Real Estate INFLUENCERS PODCAST S O U T H B A Y History Tidbits DRE#: 01368971 Maureen Megowan 310.541.6416 mdmegowan@gmail.com THE LA VENTA INN Prior to El Segundo's incorporation in 1917, this area was part of the original Spanish land grant for "Rancho Sausal Redondo" ("Ranch of the Round Clump of Willows") in 1822, a rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach. The land consisted of wheat and barley fields on which cattle and sheep grazed. In May 1911, five men representing the Standard Oil Company arrived here: Richard J. Hanna and J.E. Howell of the Eclipse refinery of F r a n k l i n , Pennsylvania and John Black, Henry Foster and W i l l i a m Rheem from the Standard Oil refinery in Point Richmond a city 18 miles east of San Francisco). They were surveying the area as a potential site for their next oil refinery. What was required was an area adjacent to the seashore so their tankers could have appropriate access. The undeveloped nature of the site appealed to them because land costs had to be kept to a minimum. Also, the site had to be close to populated areas so it could attract enough employees. The "clump of willows" was just what Mr. Hanna's team was looking for.. Lastly, this new site needed a name. Richard Hanna's wife, Virginia, deemed this expanse as "El Segundo", (Spanish for "the second one,") because the site was to be Standard Oil's second oil refinery in California (The Point Richmond refinery was already christened as "El Primero"). Sometime later, a group of proud but unknown citizens had nicknamed it "El Segundo a nada" (Spanish for 'second to none'). Standard Oil bought 840 acres of this land on June 11. The refinery opened for business, just five and a half months later, on November 27, 1911, and just celebrated its 100th anniversary of operations. The city remained a one-industry town until the 1920s, when Mine's Field, a landing strip used by early barnstormers, was chosen as the site for the new Los Angeles Municipal Airport. Then, in the mid-1950s, Southern California Edison purchased a 43-acre site for a major electrical generating station. Naturally, the addition of the Los Angeles International Airport, which officially opened in 1930, had a major role in turning El Segundo into a aerospace center. The likes of Douglas Aircraft, Hughes Aircraft, Northrop and North American Aviation (Rockwell) all located in El Segundo during the 1940s and 1950s. Most of these aircraft-related companies would eventually transition into the aerospace/ defense industry. In 1960, the creation of The Aerospace Corporation and Los Angeles Air Force Base gave El Segundo the esteemed title of "The Aerospace Capital of the World." Today, the city encompasses over five square miles, and the city's population has leveled off at approximately 16,500 residents, which has enabled the community to preserve the small town intimacy and charm. The above is an excerpt from my book "Historic Tales of Palos Verdes and the South Bay". For more info see http://www.southbayhistory.com. .net