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.