Palos Verdes-- Residential Income Units

Residential income properties are rare finds on the Palos Verdes Peninsula, but once in a while, one will come on the market. The largest concentration of multi-family income properties is the prestigious Malaga Cove neighborhood in Palos Verdes Estates along Via Campesina.  A few residential income properties are scattered throughout the Palos Verdes area.

It's not surprising there are currently no Palos Verdes income properties listed for sale on the MLS. Although when a Palos Verdes income property comes on the active real estate market, expect high interest and multiple offers.   :)

The good news is the neighboring cities of Redondo Beach and Torrance have a much larger supply of income properties for sale.   For more information on income property in any of the neighborhoods in the South Bay of Los Angeles contact ToeringandTeam@gmail.com.

South Bay Los Angeles Income Property - April 2015

 

 The South Bay 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 but 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.

Josh Toering, Charlemagne Intl Properties
(310) 525-9440

In other news: one of our Palos Verdes clients just listed their Pasadena home at 875 South Madison Avenue in Pasadena CA.