Thursday, December 3, 2015

Los Angeles Apartments - City Updates

A new client inquired about the income unit market for the nearby cities in Los Angeles.  Here are the updated city reviews and our thoughts on each area.

Beach Cities: Manhattan & Hermosa are very pricey in general and would strictly be redevelopment or pure appreciation plays.  We've helped investor's purchase in South & North Redondo and still recommend those areas, but there aren't any residential units for sale under $1MM currently.  El Segundo is also climbing in prices, but hasn't fully advanced to "beach cities" status for many prospective tenants.   12.8% value increase 2015. Projected increase 2016: 4.1%

Torrance & Lomita:  South Torrance is very strong with good schools and high demand for rentals.  North Torrance & Lomita are popular with "blue collar" tenants but those areas are not ready for redevelopment on a large scale.   3.1% value increase 2015. Projected increase 2016: 1.5%

Lawndale:   Very popular with wealthy Manhattan Beach residents who want to invest nearby.  Had strong appreciation in the last 3 years.  7.3% value increase 2015. Projected increase 2016: 2.9%

Palos Verdes: Typically "trophy" properties and only a few areas where they've been zoning approved.  Strong schools and solid appreciation.  Cap rates usually on the lower side.  Mainly 4 unit or larger apartments.  5.4% value increase 2015. Projected increase 2016: 2.1%

San Pedro: (LA City Rent Control)  One of the last water frontage areas in Los Angeles to not have a huge price jump.  The city has a large selection of apartments and often some room to negotiate on purchase price.  Low ranking of the high school and larger percentage of rehab facilities have held values back.  We recommend purchasing "above Gaffey" for low vacancy, however better cap rates are available closer to the harbor.  3.6% value increase 2015. Projected increase 2016: 2.2%

Wilmington & Harbor City: (LA City Rent Control) - Stronger cap rates.  Some pockets of higher crime and weaker schools have held these neighborhoods back.  Our clients with units in west Wilmington say they have very little vacancy due to high demand.  2.2% value increase 2015. Projected increase 2016: 2.3%

Would you like to know what units are selling for in these cities?  Just give us a call.

- Josh Toering, REALTOR with Charlemagne Intl Properties

Thursday, October 22, 2015

1128 S Mesa, San Pedro - Triplex for Sale

San Pedro is noted for having a wide variety of income producing properties. The most popular properties are those falling into the 2-4 unit category. Novice and experienced investors prefer 2 to 4 units as financing can be much more favorable and the smaller size units are easier to manage and maintain for the do-it-yourself investors.

Charlemagne Int'l Properties (310.525.9440) just added a jewel to the list of available 2-4 units currently for sale in San Pedro, CA. The property consists of one two-bedroom unit and two one-bedroom units. All units are currently occupied. The two-bedroom units has interior laundry hookups and garage. The one bedroom units have on site laundry facilities. Asking price is $519,900. Offers are subject to inspection.

For more information regarding income and expenses contact Josh Toering at 310.525.9440 or email him at
  • $37,200 - Gross annual income
  • $1400/month - Rent on 2 bedroom, 1 bath detached home with 2 car garage.
  • $875/month - Rent on 1 bedroom, 1 bath duplex unit
  • $825/month - Rent on 1 bedroom, 1 bath duplex unit

Call 4
Call 310.493.8333 to request your free property analysis.

1111 & 1113 Ravenna, Wilmington CA - Duplex for Sale

Wilmington, CA is a "hot spot" in the South Bay of Los Angeles for income producing properties. Charlemagne Int'l Properties recently listed a side by side duplex on Ravenna Avenue, and this upgraded property will make a savvy addition to most rental income portfolios.

Each unit is one bedroom with interior laundry area and one space in the two-car garage. One unit's kitchen was recently remodeled with new cabinetry, granite counters and stainless appliances. The other unit is upgraded with stainless appliances as well.

Both units are occupied and the property will be sold with tenants in place. Offers are subject to inspection. The $345,000 asking price is sure to attract interested buyers.
  • $22,200 - Gross annual income
  • $950/month - Rent on 1 bedroom, 1 bath duplex unit
  • $900/month - Rent on 1 bedroom, 1 bath duplex unit

Read the full MLS information for 1111 Ravenna in Wilmington.

Contact Josh Toering at or text or call 310.493.8333 for more information.


Wednesday, April 29, 2015

South Bay Los Angeles Income Property - April 2015

Income units in Los Angeles 

 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.

Josh Toering, Charlemagne Intl Properties
(310) 525-9440

In other news: one of our Palos Verdes clients just listed their Pasadena home at 875 South Madison Avenue in Pasadena CA.

Thursday, April 2, 2015

Manhattan Beach Income Property Update

142 The Strand bike path in Manhattan Beach CA 

 Manhattan Beach, California ranks high on any list of "most expensive real estate" and that applies to not only single family properties but also multi-family residences. Rental demands remain high and pricey in this beach city with its close proximity to LAX, the urban amenities of Los Angeles and the Pacific Ocean with its surf and sand are either steps, a walk or a short drive away. 

 21 Manhattan Beach income properties sold during 2014. The sold prices ranged from a low of $1,255,000 for a duplex to $5,400,000 for a duplex on a double lot located in the Sand Section. 2015 Income property update for Manhattan Beach: 2 Manhattan Beach income properties have sold year-to-date. 6 Manhattan Beach multi-family properties are currently in escrow with accepted offers. 6 Manhattan Beach income properties are currently for sale. 

 For more information or help in selling or purchasing Manhattan Beach income property contact Charlemagne Int'l Properties at or Josh at 310.525.9440 or Norma at 310.493.8333.

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