February 2014

Buying a Luxury Home in the South Bay of Los Angeles

By | February 11th, 2014|An Agent's Life, Beach Cities, Hermosa Beach Homes for Rent, Lifestyle in Palos Verdes, Lifestyle in the Beach Cities, Los Angeles, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Luxury Homes|

If you are in the market to purchase a luxury home in Palos Verdes or the beach cities of Manhattan, Hermosa or Redondo, the choices can be overwhelming.  We recently showed a client luxury homes from Malibu to Newport Beach.  Although that swathe of land covers an immense territory, the buyer's needs were very specific as to primary concerns of style, size, age and location of the home he and family wanted.  Once a property qualified in all the primary categories, we then progressed on to secondary concerns of traffic, schools, crime, air quality and value of similar homes in [...]

December 2013

2014 Real Estate Predictions

By | December 27th, 2013|Beach Cities, Buyer Tip, Front Page, Hermosa Beach, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Luxury Homes, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Seller Tip|

No, I do not have a crystal ball or have the innate ability to see into the future, but if the recent past is the best indicator of short-term future directions, I think I have an intelligent inkling of the real estate paths we will travel during the next 12 months. 1. Price increases will slow. There is no way the market can sustain annual price increases of 20% or more. 2013 was Southern California's real estate comeback year.  2014 will be the "Return to Normalcy" year. Enough of the double-digit price increases--eight is a good number and that's my [...]

A Business Plan for Selling Your Home

By | December 26th, 2013|Front Page, Hermosa Beach Luxury Homes, Los Angeles Luxury Homes, Manhattan Beach Luxury Homes, Palos Verdes Luxury Homes, Redondo Beach|

Your home is probably one of the most valuable assets in your investment portfolio.  When the time arrives to move up, or scale down, it makes solid financial sense to develop a written business plan for selling your house.  After all, time spent planning and preparing before the sale often delivers huge rewards. The Decision to Sell:  Life events are the usual indicators of when it is time to sell a property.  Once the decision is made or if you're undecided about the timing, it's never too early to consult the professional in your life.  A call to an accountant [...]

October 2013

Beach Cities and South Bay Income Property

By | October 19th, 2013|Beach Cities, Featured Posts, Hermosa Beach, Income Property, Long Beach, Manhattan Beach, Palos Verdes Estates, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance|

A prospective multifamily income buyer recently asked me, "Has the spring feeding frenzy in the income property market cooled, or will my offer still be one of many?" The truthful answer is it depends on the location and condition of the property.   Premium properties in choice locations will still receive multiple offers.  On the other hand, fixer properties in less desirable areas will likely present rehab opportunities so they, too, will likely draw multiple offers.  In today's market, it is hard to find a wallflower income property. Last week Norma Toering & Team submitted an offer on  Hermosa Beach [...]

Buyers–Marching Forward or Retreating?

By | October 10th, 2013|An Agent's Life, Beach Cities, Buyer Tip, Front Page, Hermosa Beach, Income Property, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Seller Tip|

I suppose I really can't call the subtle changes in the local market a cooling trend when Norma Toering & Team currently has one of eight offers on a Hermosa Beach multifamily property. However, last May we had one of 35 offers on a Redondo Beach income property. Where have all the buyers gone? It's no secret the real estate market swells and shrinks on cycles tied to economic indicators. We came out of the long, lingering down cycle last fall and bounced off the bottom of the market with a tremendous force precipitating the astounding rise in local real [...]

New Construction Homes in Palos Verdes and the Beach Cities

By | October 7th, 2013|Beach Cities, Hermosa Beach, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Luxury Homes, Rancho Palos Verdes, Redondo Beach|

List of new construction (2013+) homes for sale in Palos Verdes, Manhattan Beach, Hermosa Beach, Redondo Beach:

August 2013

Income Property in Los Angeles–South Bay

By | August 6th, 2013|Buyer Tip, Front Page, Hermosa Beach, Income Property, Long Beach, Los Angeles, Manhattan Beach, Palos Verdes, Redondo Beach, San Pedro|

I do a quick search each day for a few clients intent on purchasing residential income property in the South Bay of Los Angeles before interest rates creep much higher.  Obviously, their motivation has grown stronger during the past few weeks as rates inch upward. Residential income is scattered throughout the cities of the South Bay area, but some have more income properties than others. Here's a snapshot of income properties available in the South Bay by city: San Pedro:  36 Residential income properties are currently for sale in San Pedro. Palos Verdes: 0 Residential income properties for sale in Palos Verdes. [...]

July 2013

Why Are Four Unit Buildings in High Demand by Investors?

By | July 30th, 2013|Beach Cities, Buyer Tip, Front Page, Hermosa Beach, Income Property, Los Angeles, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, Redondo Beach, Rolling Hills Estates, San Pedro, Seller Tip|

  Norma Toering & Team submitted an offer on a four unit residential income property located in the beach cities yesterday.  The listing agent thanked me for the offer and revealed it is one of several offers submitted.  Why are four unit income properties in such high demand by investors?  The answer is simple--it's the financing.  Apartment buildings of four units or less fall within the 1-4 units residential financing guidelines.  Once you make the leap to five plus units, it is considered a commercial building and requires a commercial loan. Most investors want to leverage the purchase in the future [...]

South Bay Property Value Increases – June 2012 to June 2013

By | July 24th, 2013|Front Page, Hermosa Beach, Los Angeles, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance|

All the cities in the South Bay have had significant property value increases in the latest year-over-year statistics review.  These are the June reports based on the full May 2012 to May 2013 data, with all single family homes and condos/townhomes included. Up 19.3% - Rolling Hills Up 15.1% - Rolling Hills Estates Up 9.5% - Palos Verdes Estates Up 14.8% - Rancho Palos Verdes Up 4.9% - Palos Verdes Peninsula (unincorporated) Up 22.8% - Manhattan Beach Up 19.6% - Hermosa Beach Up 17.4% - Redondo Beach Up 14.3% - Torrance Up 20.8% - El Segundo Up 19.1% - San [...]

Residential Income Property in Los Angeles County’s Beach Cities

By | July 24th, 2013|Beach Cities, Front Page, Hermosa Beach, Income Property, Lifestyle in the Beach Cities, Manhattan Beach, Redondo Beach|

Demand is high and competition is keen, but it is possible to purchase multi-family income property in the beach cities of the South Bay area of Los Angeles County:  Manhattan, Hermosa and Redondo Beach. Earlier this year Norma Toering & Team represented the buyer on a fourplex purchase in Redondo Beach.  There were seven offers on the property.  I knew  any offer would need to be clean and at asking price if we hoped to secure a place in the final counter.  The seller countered only cash offers with short escrow periods.  Fortunately, our buyer's offer was selected and 14 [...]