June 2014

Tenant Estoppels and Profit & Loss Statements – Income Property

By | June 19th, 2014|Beach Cities, Front Page, Income Property, Palos Verdes, San Pedro, Torrance|

One of our investment clients recently asked us about some of the income property forms involved in selling their seven unit complex. While this client does have a manager on-site, he was still concerned about the procedures, paperwork, and expectations for these forms. Tenant Estoppel Certificate: This form verifies that the tenant/landlord/manager/new buyer all agree on the stated monthly rent, security deposit, lease dates (if any) and ownership of any appliances. Typically the tenant is provided a copy once the property is going into escrow and then it is signed by all other parties. In addition to the estoppels, landlords [...]

December 2013

Dollars in the Details – Selling Your Home

By | December 30th, 2013|Beach Cities, Front Page, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, San Pedro, Seller Tip, Torrance|

Listing your home in 2014? Congratulations, you've decided 2014 is the year to sell your home.  The big reveal is circled on the calendar and work is underway in preparation for your home's big day.  Soon, a parade of real estate agents and their prospective buyer will parade and prance through the halls and rooms of your once private abode with thoughts of who they will show and sell it to, or whether this is the one house they will call home.  It's up to you and your agent to make the most of this chance to impress agents and buyers. [...]

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 [...]

September 2013

Coastal Cleanup Day 2013 – Saturday 9/21

By | September 16th, 2013|An Agent's Life, Beach Cities, Front Page, Lifestyle in Palos Verdes, Lifestyle in the Beach Cities, Los Angeles, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, San Pedro, Torrance|

Coastal Cleanup Day 2013 is this coming weekend on Saturday 9/21/2013.  Heal the Bay's annual event is the "biggest volunteer day on the planet" and last year's turnout was over 62,000.   They hauled away over 700,000 pounds of trash and 140,000 pounds of recycling items. Local meeting sites range from Malibu to Long Beach.   Palos Verdes sites will be at Malaga Cove (Via Arroyo/Paseo Del Mar) and Abalone Cove.  The beach cities will have many locations including the Manhattan Beach Pier, Hermosa Pier, Redondo Pier (end of Torrance Blvd) and King Harbor at the Port Royal Yacht Club. The cleanup [...]

July 2013

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 [...]

November 2012

February 2012

Greater South Bay of Los Angeles

By | February 13th, 2012|Los Angeles, San Pedro, Sliding Photos, Torrance|

The South Bay is a region of the southwest peninsula of Los Angeles County, California. The name stems from its geographic features stretching along the southern shores of Santa Monica Bay (covering the coastal regions on Los Angeles County south of LAX) which forms its western border Cities in the South Bay of Los Angeles: Palos Verdes Palos Verdes Estates - Homes for sale Rolling Hills - Homes for sale Rancho Palos Verdes - Homes for sale Rolling Hills Estates - Homes for sale Palos Verdes Peninsula (Unincorporated) - Homes for sale The Beach Cities Redondo Beach - Homes for [...]