Beach Cities and South Bay Income Property

Beach Cities - Income Property

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 multifamily units just blocks from the Pacific Ocean. Yes, there were eight offers.  Last week another client inquired about fixer units in Wilmington.  They opted not to be offer number 11.  These number reflect the current activity in the income property market.  We are not seeing the 20+ offers common during the first half of 2013, but the income market remains strong as the end of the year approaches. Check out the city by city snapshot of sales so far this year.

Closed South Bay income property sales by city for 2013 YTD:

Palos Verdes:    2

Manhattan Beach:    18

Hermosa Beach:    18

Redondo Beach:    28

Torrance:    58

Gardena:    50

El Segundo:    7

Lomita:    15

Harbor City:    7

Wilmington:    36

San Pedro:    96

Long Beach:    396

For more information about income property in any of the above cities contact Norma Toering.  We have clients interested acquiring income properties ranging from fixers at the low-end, to clients seeking properties at the higher end of the price spectrum.  We will help you find multifamily units that match your investment goals.

– Norma Toering – Broker/Owner
(310) 493-8333 – Email Norma

– Josh Toering – REALTOR
(310) 525-9440 – Email Josh – Josh’s South Bay Income Property Blog

Los Angeles Income Property Report by City (All Units for Sale):

Income Property for Sale in the South Bay of Los Angeles (priced over $800K):

Income Property for Sale in the South Bay of Los Angeles (priced under $800K):


 More income property blogs by Norma & Josh:

Beach Cities Residential Income Property Report 2017

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:  [...]

Investing in Southern CA Condos and Vacation 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 [...]

Luxury Apartment Living in the South Bay of Los Angeles

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 [...]

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

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 [...]

2017 Real Estate Changes and Updates for California

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 [...]

Landlord Life–Is It For You?

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. [...]

Beach Cities Residential Income Property Report–November 2016

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 [...]

Buying Residential Income Property in Redondo Beach

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 [...]

Residential Income Property in Palos Verdes

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 [...]

Beach Cities Residential Income Property Report–July 2016

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. [...]


About the Author:

Norma Toering is the broker-owner of Charlemagne Intl Properties a boutique real estate company in Los Angeles. She has been a local South Bay real estate agent since 1992. Norma is the most well known & award winning real estate blogger in Palos Verdes. Forbes magazine consulted Norma on Palos Verdes property values when compiling their Forbes 400 list. Cell: 310-493-8333 Cell: 310.493.8333

Leave A Comment