Apartments and income units for sale in Redondo, Hermosa, Manhattan Beach, Torrance and San Pedro. Written by Charlemagne Intl Properties, a local real estate brokerage and investment property specialist.
Thursday, July 21, 2016
Beach Cities of the South Bay of Los Angeles Residential Income Property Report--July 2016
Beach Cities Residential Income Property Report–July 2016
There are currently six Redondo Beach residential income properties for sale.
Eight Redondo Beach income properties are currently in escrow with accepted offers.
Twenty-two residential income properties have sold year-to-date in Redondo Beach.
At the current rate of absorption, Redondo’s supply is extremely limited, and demand remains high for premium coastal income producing properties.
There are currently ten Hermosa Beach residential income properties for sale.
Thirteen Hermosa Beach income properties are currently in escrow with accepted offers.
Thirteen Hermosa Beach residential income properties have sold year-to-date.
13 seems to be the lucky number for Hermosa Beach’s income producing residential properties. Given these figures, it is clearly still a strong sellers’ market in Hermosa Beach’s residential income properties real estate market.
Ten Manhattan Beach residential income properties are currently for sale.
There are currently two Manhattan Beach income properties in escrow with accepted offers.
Twelve Manhattan Beach residential income properties have sold year-to-date.
The Manhattan Beach income property inventory reflects a cooling market as there is approximately a 4-5 month supply of residential income properties available at the current rate of absorption.