October 2017

Beach Cities Residential Income Property Report 2017

By | October 26th, 2017|Beach Cities, Buyer Tip, Income Property|

Let's begin with 2017 residential income listings and sales in Redondo Beach. Active Listings: There are currently nine residential income properties for sale in Redondo Beach ranging in price from $1,595,000 to $7,200,000. Pending Sales:  Nine Redondo Beach income properties are in escrow with accepted offers. 2017 Sales Y-T-D:  44 Redondo Beach residential income property sales were recorded as of 10/26/2017 per MLS records.   Hermosa Beach Residential Income Report for 2017: Active Listings:  There are seven Hermosa Beach residential income properties listed for sale ranging in price from $1,659,000 to $5,195,000. Pending Sales:  Two Hermosa Beach residential income properties are [...]

August 2017

Investing in Southern CA Condos and Vacation Property

By | August 18th, 2017|Buyer Tip, Income Property, Los Angeles coastal income property|

Are you considering purchasing real estate as an investment? If so, you might want to consider buying a waterfront condo or perhaps a vacation property in the desert or mountains. Southern Californians are fortunate to have the coast, the mountains, and the desert within a two to three-hour drive. That's still close enough to visit (or vacation) if the need or desire arises. Condos do have the added convenience and expense of Homeowners Associations.  HOAs serve as a third-party watchdog for owners. They also reduce the number of maintenance responsibilities owners must bear. Unlike a single-family home or a multi-family apartment [...]

July 2017

Luxury Apartment Living in the South Bay of Los Angeles

By | July 27th, 2017|Front Page, Income Property, Lifestyle in the Beach Cities, Los Angeles coastal income property, Palos Verdes|

I have a client who is in the market to invest approximately $5MM in real estate. He is selling a commercial building and wants to roll the proceeds over into another property. Simple enough. The dilemma he faces is where to make a long term investment that will require minimum management but provide a decent return on investment. Retail seems like a high-risk venture with the disruption online shopping is creating in the industry. Will gas stations become a thing of the past as the 21st-century advances? As the economic climate changes so do an investors' goals and guidelines. One [...]

March 2017

South Bay of L.A. Income Property Update March 2017

By | March 24th, 2017|Beach Cities, Buyer Tip, Income Property, Los Angeles coastal income property|

Beach Cities Coastline As the first quarter of 2017 comes to an end I thought it was time to see how income property sales and listing are shaping up. Are prospective buyers on hold until the new tax laws come into effect, or are buyers shopping to lock in interest rates before the inevitable rate hikes? Like most local real estate markets, residential income property continues to contend with low inventory. 2-4 Unit properties continue to be the most popular with buyers. Financing is most attractive for the 2-4 unit properties; when purchasing five or more units the [...]

2017 Real Estate Changes and Updates for California

By | March 1st, 2017|An Agent's Life, Buyer Tip, Front Page, Income Property, Los Angeles, Palos Verdes, Seller Tip|

I attended the Palos Verdes Board of Realtors March Breakfast meeting yesterday. Although breakfast was delicious, my primary reasoning for being there was to hear Gov Hutchison, California Association of Realtors’ attorney, speak regarding trends and changes reflected in California laws and real estate forms. Here are the latest updates:  There’s a new bedbug form. Yes, those little critters have arrived in our Golden State.  The new disclosure form states landlords must disclose if the property was inspected for bedbugs, and if so, the results of said inspection.  Tenants must tell landlord if the rental property becomes infected; landlord must [...]

February 2017

Landlord Life–Is It For You?

By | February 26th, 2017|Income Property, Los Angeles coastal income property|

Owning income property is not for everyone.  Sometimes it feels like the odds are stacked against you.  Like most other life endeavors it is a good fit for some people and a nightmare for others.  Sometimes a mismatch occurs due to personality, and other times it happens due to personal circumstances.  For instance, a childless couple began acquiring rental fix-up properties early in their marriage.  It was a shared desire to build real estate wealth, and weekends spent at Home Depot pouring over kitchen sinks and paint chips allowed them to spend time pursuing a mutual interest. Those Home Depot [...]

November 2016

Beach Cities Residential Income Property Report–November 2016

By | November 17th, 2016|Beach Cities, Front Page, Hermosa Beach, Income Property, Manhattan Beach, Redondo Beach|

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.     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 [...]

August 2016

Buying Residential Income Property in Redondo Beach

By | August 24th, 2016|Beach Cities, Income Property|

The Beach Cities of Los Angeles continues to be one of the hottest markets for income units in the South Bay area. In recent years the demand for 2-4 unit buildings has soared, with developers grabbing up the smaller buildings to replace them with quick profit townhome buildouts. Investors are chasing the triplex and fourplex market due to attractive financing. But even the larger complexes are selling too, with sales going over $5 million on a regular basis. As units are replaced by new townhomes, the income property inventory isn't being replaced. Developers and unit owners just aren't putting in [...]

Residential Income Property in Palos Verdes

By | August 24th, 2016|Buyer Tip, Income Property|

Residential income properties are rare finds on the Palos Verdes Peninsula, but once in a while, one will come on the market. The largest concentration of multi-family income properties is the prestigious Malaga Cove neighborhood in Palos Verdes Estates along Via Campesina.  A few residential income properties are scattered throughout the Palos Verdes area. It's not surprising there are currently no Palos Verdes income properties listed for sale on the MLS. Although when a Palos Verdes income property comes on the active real estate market, expect high interest and multiple offers.   :) The good news is the neighboring cities of [...]

July 2016

Beach Cities Residential Income Property Report–July 2016

By | July 21st, 2016|Beach Cities, Income Property|

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.   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 [...]