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The South Bay of Los Angeles is popular with landlords for a variety of reasons; perhaps the top one being real estate prices are high, and that supports an ever-growing pool of renters.  The Beach Cities of Redondo, Hermosa and Manhattan are prime coastal locations for residential income properties. It’s a lifestyle many aspire to and although the purchase prices are high there are a surprising number of rentals available near the beach.

 

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Let’s begin with a market update for Redondo Beach’s residential income properties:

8 Residential income properties are currently for sale in Redondo Beach.

6 Redondo Beach residential income properties are in escrow with accepted offers.

41 Redondo Beach residential income properties sales have been recorded year-to-date.

 

Surf Statue in Hermosa at Sunset

 

Hermosa Beach residential income property report:

30 Hermosa Beach residential income properties have sold year-to-date as of November 17, 2016.

6 Hermosa Beach residential income properties are in escrow with accepted offers.

4 Residential income properties are currently for sale in Hermosa Beach.

 

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Manhattan Beach residential income property update:

13 Manhattan Beach residential income properties are currently for sale.

2 Manhattan Beach residential income properties are currently in escrow with accepted offers.

19 Residential income properties have sold year-to-date in Manhattan Beach.

 

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For more information about residential income properties in the Beach Cities of the South Bay of Los Angeles contact Norma@CharlemagneProperties.com or 310.493.8333

Photos taken by Norma Toering while out and about in the gorgeous Beach Cities.