Income Property in Palos Verdes and the Beach Cities
May 15, 2013 in Beach Cities, Buyer Tip, Income Property, Palos Verdes, Redondo Beach
If you’re searching for ways to take advantage of the low interest rates still available and add monthly income to your portfolio, investing in income properties is worth your consideration. However, know you will not be alone. Multiple offers are the norm and recently one attractive offering in Redondo Beach had 35 offers! Yes, Norma Toering & Team had one of the offers.
The four unit building pictured above is located in Redondo Beach and was recently sold by Norma Toering & Team. The seven offers were narrowed to three during the counter offer stage. I’m happy to report my client’s offer was strong and today he is pleased with the purchase.
The most attractive interest rates are offered on 1-4 unit buildings. Unlike larger buildings that fall under commercial lending guidelines, the smaller buildings are considered similar to single family homes by the lending community.
If you are interested in purchasing income property we have a Finance MBA consultant on staff to help identify and access buildings of value. For more information about income property in Palos Verdes, Manhattan Beach, Hermosa Beach and Redondo Beach contact Norma Toering & Team at 310.493.8333.
Equal Housing Opportunity REALTOR® – A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS®. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Copyright by Norma Toering 2012.