Thursday, October 31, 2013

Hermosa Beach - Income Property Snapshot

Hermosa Beach - View from the pier

Hermosa Beach is a fabulous little coastal city sandwiched between trendy Manhattan Beach and the much larger beach city of Redondo Beach.  However, when it comes to living the California beach lifestyle, Hermosa Beach has no trouble rising to the top of the list.

Not only are home prices on the rise in Hermosa Beach income properties are highly prized assets as there is always an ample supply of tenants wishing to live at or near the beach.  When you're the landlord, a waiting list of prospective tenants is a very good thing indeed.

Hermosa Beach income property market update for 2013 YTD:

  • 10 Hermosa Beach income properties are currently for sale ranging from 2 to 4 unites.
  • 2 Hermosa Beach income properties are pending sales ranging from 3 to 8 units.
  • 19 Hermosa Beach income properties close escrow YTD with 18 of them being duplexes and one sale of a unit at Beach House Hotel with rents shared with the hotel.

For more information on Hermosa Beach income property contact Norma Toering and Team at 310.493.8333 or Josh Toering at 310.525.9440.  We help you achieve your income property real estate goals.

Hermosa Beach income property and rental units for sale:

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