Saturday, September 30, 2017

All in a Real Estate Day

This article was written in 2013, but it encompasses the broad range of properties and locations Charlemagne International Properties covers as we go about our daily real estate lives.
Norma Toering & Team specializes in luxury homes, vacation homes, and income property.  Yesterday was a banner day for our business specialties.  We had a strong showing on our luxury home listing in Hermosa Beach, our offer on an eight-unit apartment building was accepted (after 30 long days of negotiations, rejection and finally resurrection–I’m tenacious), and we wrote an offer for a second home in a private beach community.  I won’t mention the sleep I did not get, as I spent my evening into the night hours negotiating the beach house offer as well as an offer received on vacant land.  Ahh yes, it does remind me of the pre-recession housing market, and it’s good to have it back.

My real estate niche specialties evolved over time.  Gradually, more of my clients from years past moved up to larger homes and I became knowledgeable about the luxury home market in Palos Verdes and the beach cities of Manhattan, Hermosa and Redondo. A few years later many of the same clients decided they wanted a weekend or summer place either in the desert, the mountains or most popular, the beach.  Their expanding real estate collection often included the addition of income-producing properties to their investment portfolio.

My clients are often the catalyst for my expanding real estate horizons and expertise.  My knowledge about rent control, cap rate, internal rate of return and so much more was client driven to help them make savvy income property investments.  I attended a three-day luxury home seminar to be up to date on marketing luxury homes internationally.  When a client wanted to purchase a desert property I spent a weekend attending open houses in 110-degree weather–call me crazy, but after studying the comparable sales and listings online, viewing photos and locating them on Google Maps, I still wanted to see the homes with my eyes.

I owe my clients a big thank you for helping me expand my real estate knowledge and business.  I’m not sure where this business will take me next, but I’m an adventurer, so I’m eagerly anticipating the next new avenue I’ll venture down in real estate land.

Since writing this article, I’ve sold luxury property in Pasadena, CA, Palos Verdes Estates and Rancho Palos Verdes. I’ve sold fixer properties, beach homes, income properties, oceanfront condos, and the list goes on. I have no idea where the day will take me as I continue the adventures of real estate and life.
Photographs of a few of my recent luxury sales

Norma (310) 493-8333

Thursday, September 21, 2017

South Bay Los Angeles Income Property

Income units in Los Angeles 

The South Bay of Los Angeles has residential investment units in most cities. Units occasionally come on the market in Palos Verdes, and units in the Beach Cities tend to get snapped up fairly quickly. Torrance is still very popular with investors.

The LA City rent control rules in San Pedro/Wilmington/Harbor City are a factor in keeping those areas competitive and as a result, the lower prices attract many first-time investors.

Income property of all types remains in high demand along the coast of the South Bay. Investors are going after the 4+ unit buildings, while owner-occupants and tear-down builders are focused on duplex and triplex listings.

For more information on income property in the South Bay of Los Angeles. - Norma Toering 310-493-8333 Broker Owner at Charlemagne Intl Properties