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Redondo Beach:

There are currently six Redondo Beach residential income properties for sale.

Eight Redondo Beach income properties are currently in escrow with accepted offers.

Twenty-two residential income properties have sold year-to-date in Redondo Beach.

At the current rate of absorption, Redondo’s supply is extremely limited, and demand remains high for premium coastal income producing properties.

 

Surf Statue in Hermosa at Sunset

Hermosa Beach:

There are currently ten Hermosa Beach residential income properties for sale.

Thirteen Hermosa Beach income properties are currently in escrow with accepted offers.

Thirteen Hermosa Beach residential income properties have sold year-to-date.

13 seems to be the lucky number for Hermosa Beach’s income producing residential properties.  Given these figures, it is clearly still a strong sellers’ market in Hermosa Beach’s residential income properties real estate market.

 

Manhattan Beach Shopping and Surfboards

Manhattan Beach:

Ten Manhattan Beach residential income properties are currently for sale.

There are currently two Manhattan Beach income properties in escrow with accepted offers.

Twelve Manhattan Beach residential income properties have sold year-to-date.

The Manhattan Beach income property inventory reflects a cooling market as there is approximately a 4-5 month supply of residential income properties available at the current rate of absorption.