Thursday, October 31, 2013

Manhattan Beach Income Property Snapshot

Manhattan Beach Income Property

Norma Toering & Team is seeking income property in the beach cities of Manhattan, Hermosa and Redondo Beach.  Several of our long-term clients are currently enlisting our assistance in helping them build strong real estate investment portfolios.  Consequently, I check daily for additions and changes to the current available inventory.

In addition to our market knowledge, we enlist the help of a Columbia MBA finance consultant to analyze the numbers and future potential of properties of interest.  We wish to give our clients the best service and information available whether they are purchasing a duplex or a large apartment complex.
The Manhattan Beach income property market is very competitive as this coastal city has some of the most expensive real estate in Los Angeles.  The market improvements of 2013 sent prices skyward making it difficult to find properties that make sense on paper and requiring the need to factor in future development value.

Here is what transpired in the income property market in Manhattan Beach YTD 2013:

  • 3 Active Manhattan Beach income properties for sale from 2 to 10 units.
  • 3 Pending sales from 2 to 5 units.
  • 20 Manhattan Beach income properties closed escrow YTD ranging from 2 to 10 units.

From more information about income property in Manhattan Beach contact Norma Toering & Team at 310.493.8333 or Josh Toering at 310.525.9440.

 Manhattan Beach income property and rental units for sale:

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