Here's a September 2016 update on sales and listings of residential income properties for several South Bay of Los Angeles coastal cities:
Redondo Beach: 11 Residential Income properties are currently listed for sale. Year-to-date 22 Redondo Beach income properties have sold per MLS records.
Hermosa Beach: 22 Hermosa Beach income properties closed escrow YTD per MLS records. There are seven Hermosa Beach residential income properties currently listed for sale.
Manhattan Beach: 13 Manhattan Beach income properties closed escrow in 2016 as of September 13. There are 12 Manhattan Beach residential income properties listed for sale.
Torrance: 15 Residential Income properties are currently listed for sale. Year-to-date 32 Torrance income properties have sold per MLS records.
San Pedro: 47 Residential Income properties closed escrow in 2016 YTD. 49 San Pedro residential income properties are currently available for sale.
Palos Verdes Peninsula: No multi-unit residential income properties are currently for sale. Per MLS records, no Palos Verdes residential income properties have closed escrow in 2016.
Coastal income properties can be quite pricey, but the option to purchase a single condo is often a good way to participate in the residential income market. For more information about coastal South Bay of Los Angeles income property in areas of interest to you, contact Norma@CharlemagneProperties.com or 310.493.8333.