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 [...]

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 [...]

January 2017

State of the Palos Verdes Luxury Real Estate Market for January 2017

By | January 9th, 2017|Buyer Tip, Lifestyle in Palos Verdes, Los Angeles coastal income property, Los Angeles Luxury Homes, Palos Verdes Estates, Palos Verdes Peninsula, Palos Verdes View Homes, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates|

The Palos Verdes luxury home market begins the year with thirty-nine single-family homes for sale priced over $3,000,000.  Sixteen of those luxury residences are located in Palos Verdes Estates. Rolling Hills has twelve high-end properties on the market, Rancho Palos Verdes has nine single-family properties in the category, and Rolling Hills Estates has two luxury homes for sale over $3,000,000. Eleven Palos Verdes luxury homes are currently in escrow with accepted offers. 56 Palos Verdes luxury properties sold during 2016.  Given the number of high-end homes on the active market and the rate of absorption, there is a four-month supply [...]

October 2016

October 2016 Income Property Market Report for South Bay of L.A.

By | October 22nd, 2016|Income Property, Los Angeles coastal income property, South Bay Income Property|

  From the Beach Cities to the Los Angeles Harbor in San Pedro, here is your residential income October 2016 Report. There are 132 income units listed for sale in the South Bay.  77  units are in escrow, which indicates a very active market and less than two months of available supply. Two to four unit building still dominate the available market in the South Bay at approximately 75% of the local apartments for sale. Available income units by city (non-compliant units are not reflected) Palos Verdes – 0 ( A PV condo is listed in this category, but it is [...]

September 2016

Coastal South Bay of Los Angeles Income Property Market Report

By | September 14th, 2016|Income Property, Los Angeles, Los Angeles coastal income property|

Here's a September 2016 update on sales and listings of residential income properties for several South Bay of Los Angeles coastal cities: Redondo Beach:  11 Residential Income properties are currently listed for sale.  Year-to-date 22 Redondo Beach income properties have sold per MLS records. Hermosa Beach:  22 Hermosa Beach income properties closed escrow YTD per MLS records.  There are seven Hermosa Beach residential income properties currently listed for sale. Manhattan Beach:  13 Manhattan Beach income properties closed escrow in 2016 as of September 13.  There are 12 Manhattan Beach residential income properties listed for sale. Torrance:  15 Residential Income properties [...]