Several of our (Norma Toering & Team) real estate clients are building real estate investment portfolios and requested our help in assembling properties that not only have positive cash flow but also a strong potential for future appreciation. My business partner and son, Josh, really enjoys this market niche. We also enlist the assistance of our MBA in finance, with concentration in real estate, consultant who happens to be another son. Nothing like growing your own real estate experts!
We pride ourselves on completing a thorough due diligence during the investigation period. In the past we’ve uncovered unknown easements that impact future value of property due to restrictions, missed termite damage, illegal units and additions and the list goes on. Our goal is to help our clients make an informed and wise investment with no major surprises discoveries after the close of escrow.
The first thing to know about San Pedro income property is if a property was built prior to 1979 it is subject to Los Angeles Rent Control. Newer buildings do not fall under the rent control guidelines. Rent control limits rental increases and states guidelines that must be adhered to by every landlord. It adds another layer to being a landlord but with annual rent increases as allowed by law, it is possible to keep a property’s rents at market rate.
San Pedro currently has 38 residential income properties for sale ranging from 2 to 21 units–something for every budget. This coastal town is home to Los Angeles Harbor, cruise ship port, Point Fermin Lighthouse and the hills provide a wealth of dazzling views. With its waterfront location and a strong rental market it is worth checking out if you’re in the market to purchase San Pedro income property.
For more information on San Pedro income property contact Norma Toering at 310.493.8333 or Josh Toering at 310.525.9440.
San Pedro income property for sale:
We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.