Wednesday, June 15, 2016

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:
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.

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