South Bay Income Property - June 2016

There are 132 income properties on the market in the South Bay. This month's price range is from $300,000 for a short sale duplex in Wilmington to $7.4M (reduced $300K) for a 7 unit building in Hermosa Beach.

This is almost the same inventory level as May.

87 units are in escrow, which indicates a very active market and about 1.5 months of available supply. In May there were 48 apartment buildings sold. The highest sales price was $4.5M for a triplex in Manhattan Beach.

Two to four unit building still dominate the available market in the South Bay at over 79 bggh% of the local apartments for sale.

Available income units by city:

• Palos Verdes - 0
• Manhattan Beach - 6
• Hermosa Beach - 14
• Redondo Beach - 5
• Torrance - 10
• Lawndale - 9
• Lomita - 6
• Harbor City - 4
• San Pedro - 42
• Wilmington - 15
• Gardena - 10
• Carson - 2
• El Segundo - 1

South Bay available income units by type/size:

• Duplex - 57
• Triplex - 28
• Fourplex - 20
• 5-8 Unit Building - 17
• 9-19 Unit Buildings - 5
• 20+ Units - 1
• Details not provided or non-code compliant "rental" units - 3

If you'd like more information on any of these apartments for sale, just let us know.

Josh Toering, REALTOR at Charlemagne Intl Properties
310-525-9440 or email us

Need a top agent to help with your South Bay real estate?  Give us a call.

Redondo Beach Income Properties

The beach cities remain the hottest market for income units in the South Bay. While the water frontage areas have had amazing jumps in value, we're still seeing some appreciation plays in North Redondo.

 A fourplex on Curtis was listed this week for $1,625,000. This one not only has the appreciation potential we're continuing to see in Redondo, but the mix of 2 bedroom and 3 bedroom units are rented out under market so there is also upside in upgrading those to current rental rates. Would you like more information on this building or other income properties in the South Bay? Give Josh a call.

• Josh Toering, Agent at Charlemagne Intl Properties
• 310-525-9440

South Bay Income Property - May 2016

There are 134 income properties on the market in the South Bay. This month's price range is from $300,000 for a short sale duplex in Wilmington to $7.7M for a 7 unit building in Hermosa Beach.

Even with a busy sales market, we did pick up about 30 more apartments for sale this month.

96 units are in escrow, which indicates a very active market and about 1.4 months of available supply. In March there were 34 apartment buildings sold. The highest sales price was $5.3M for a 6-plex in northern Manhattan Beach.

Two to four unit building still dominate the available market in the South Bay at over 79% of the local apartments for sale. Quite a few larger buildings came on this month though, as that is a 6% change in ratio from April.

Available income units by city:

• Palos Verdes - 0
• Manhattan Beach - 8
• Hermosa Beach - 12
• Redondo Beach - 3
• Torrance - 7
• Lawndale - 11
• Lomita - 3
• Harbor City - 4
• San Pedro - 42
• Wilmington - 16
• Gardena - 12
• Carson - 6
• El Segundo - 1

South Bay available income units by type/size:

• Duplex - 55
• Triplex - 29
• Fourplex - 22
• 5-8 Unit Building - 19
• 9-19 Unit Buildings - 4
• 20+ Units - 3
• Details not provided or non-code compliant "rental" units - 2

If you'd like more information on any of these apartments for sale, just let us know.

Josh Toering, REALTOR at Charlemagne Intl Properties

310-525-9440 or email us