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