Long Beach Income Property - Update Nov 2014

Long Beach had a very active month in apartment sales.  Over 50 units completed escrow and transferred to new owners.

• Available Units: 168 Apartments are listed for sale in Long Beach priced from $249,000 to $65M
• Units in Escrow: 80 Units are in escrow ranging from $239,000 to $3.75M

October sales included 53 units from $295,000 to $4.17M. Unit breakdown:

• Duplex sales – 21
• Triplex sales - 6
• Fourplex sales -  8
• 5 to 8 unit building sales - 9
• 9+ unit building sales - 9

On pricing, this month’s units sold an average of 3% under the asking prices. The average time on market was 74 days.

Would you like more information about income units in Long Beach? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

One of our South Bay clients just listed their mansion in Pasadena at 875 S Madison Avenue, Pasadena CA.

Long Beach Units for Sale:

Lomita Income Property - Update Nov 2014

Lomita income units have slowed their sales pace going into the USA holiday season.  The current numbers show 4 months of supply in apartments placing this market in a "neutral" section between buyers or sellers.  The units for sale as of today are all duplexes or fourplexes, with one mixed use building also listed.

• Available Units: 8 Apartments are listed for sale in Lomita priced from $499,000 to $1.5M
• Units in Escrow:2 Units are in escrow ranging from $619,900 to $742,500

October sales included 3 units from $620,000 to $890,000. Unit breakdown:

• Duplex sales – 2
• Triplex sales - 1

On pricing, this month’s units sold an average of 1% under the asking prices. The average time on market was 41 days.

Would you like more information about income units in Lomita? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com


Lomita Units for Sale:

South Bay Los Angeles Income Property - Nov 2014

The South Bay has residential investment units in most cities. Units occasionally come on the market in Palos Verdes and units in the Beach Cities tend to get snapped up fairly quickly. Torrance is still very popular with investors. The LA City rent control rules in San Pedro/Wilmington/Harbor City are a factor in keeping those areas competitive but the lower prices attract many first time investors.

Income property of all types remains in high demand along the coast of the South Bay. Investors are going after the 4+ unit buildings, while owner-occupants and tear-down builders are focused on duplex and triplex listings.

South Bay LA Income Units for Sale (Priced under $800,000):

South Bay LA Income Units for Sale (Priced over $800,000):

South Bay Income Properties that have sold recently:

Redondo Beach Income Property - Update Nov 2014

 
Redondo Beach income units priced around the million dollar to two million dollar point are selling very quickly.  One of the Esplanade frontage units that had been on the market awhile also was snapped up and is in escrow.

• Available Units: 5 Apartments are listed for sale in Redondo Beach priced from $945,000 to $5.5M
• Units in Escrow: 7 Units are in escrow ranging from $999K to $3.5M

October sales included 2 units from $1,135,000 to $1,651,500. Unit breakdown:

• Triplex sales – 2
• Fourplex sales - 1

On pricing, this month’s units sold an average of 2% over the asking prices. The average time on market was just over two weeks.
Would you like more information about income units in Redondo Beach? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!
- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com
Redondo Beach Units for Sale:

Manhattan Beach Income Property - Update Nov 2014

 Manhattan Beach income units remain in high demand this month.  On average they are selling within the first few weeks if priced competitively.

• Available Units: 2 Apartments are listed for sale in Manhattan Beach priced from $2M to $7M
• Units in Escrow: 4 Units are in escrow ranging from $1.45M to $3.2M

October sales included 3 units from $1,090,000 to $2,500,000. Unit breakdown:

• Triplex sales – 2
• Fourplex sales - 1

On pricing, this month’s units sold an average of 2% within the asking prices. The average time on market was just over two weeks.

Would you like more information about income units in Manhattan Beach? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

 - Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

  Manhattan Beach Units for Sale:

Hermosa Beach Income Property - Update Nov 2014

Hermosa Beach income units are still in high demand with all available and sold units going over one million dollars.

• Available Units: 4 Apartments are listed for sale in Hermosa priced from $1.349M to $4.399M
• Units in Escrow: 6 Units are in escrow ranging from $1.4M to $3.599M

October sales includes 1 units at $1,550,000. Unit breakdown:

• Duplex sales – 1

On pricing, this month’s units sold an average of 1% within the asking prices. The average time on market was 1.5 months.

Would you like more information about income units in Hermosa? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

 - Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

 Hermosa Beach Units for Sale:

Torrance Income Unit Sales - Update Nov 2014

 

Torrance has many duplex units on the market this month with over 80% of the "for sale" apartments being 2-unit or 3-unit buildings. All eleven of the available units this month are standard sales.

• Available Units: 11 Apartments are listed for sale in Torrance priced from $759K to $3.295M
• Units in Escrow: 7 Units are in escrow ranging from $695K to $1.25M

October sales includes 2 units from $995,000 to $3,650,000. Unit breakdown:

• Duplex sales – 0
• Triplex sales – 0
• Fourplex sales – 1
• Sixteen unit building – 1

On pricing, this month’s units sold an average of 3% above the asking prices. The average time on market was 3 months.

 Would you like more information about income units in Torrance? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

 - Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

  Torrance Units for Sale:

Wilmington Income Unit Sales - Update Nov 2014

 

Foreclosures and short sales have dramatically dropped off for income property in Wilmington. All sixteen of the available units this month are standard sales or probate listings. A couple of the properties in escrow were distressed, but it is a big change to see so few of the bank-owned properties on the market.

• Available Units: 16 Apartments are listed for sale in Wilmington priced from $299K to $1.2M
• Units in Escrow: 7 Units are in escrow ranging from $285K to $1.6M

October sales includes 5 units from $447,500 to $1,350,000. Unit breakdown:

• Duplex sales – 2
• Triplex sales – 0
• Fourplex sales – 2
• Ten unit building – 1

On pricing, this month’s units sold within 3% of the asking prices and were split pretty evenly between properties that went slightly under asking price and a few that were bid up. The average time on market was 17 days.

Would you like more information about income units in Wilmington? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around Wilmington and the entire South Bay of Los Angeles. Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

Wilmington Units for Sale:

San Pedro Income Property - Nov 2014

The coastal town of San Pedro had a great month for income unit sales. The overall indicator shows it has picked up in popularity with investors.

• Available Units: 44 Apartments are listed for sale in San Pedro priced from $350K to $5.995M
• Units in Escrow: 21 Units are in escrow ranging from $289K to $2.09M

October sales includes 10 units from $370,000 to $825,000. Unit breakdown:

• Duplex sales - 4
• Triplex sales - 2
• Fourplex sales - 3
• Six unit building sold - 1

On pricing, this month's units sold within an average 1% of the asking prices and were split pretty evenly between properties that went slightly under asking price and a few that were bid up. The average time on market was 78 days.

Would you like more information about income units in San Pedro?  Find out the current market value of apartments you own?   Toering & Team has helped many investors with both buying and selling investment properties in San Pedro and the entire South Bay of Los Angeles.

Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

 San Pedro Units for Sale: