Thursday, September 15, 2016

South Bay of Los Angeles Coastal Residential Income Market Report

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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.


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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.

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