Long Beach Income Property - Update Nov 2014

Long Beach had a very active month in apartment sales.  Over 50 units completed escrow and transferred to new owners.

• Available Units: 168 Apartments are listed for sale in Long Beach priced from $249,000 to $65M
• Units in Escrow: 80 Units are in escrow ranging from $239,000 to $3.75M

October sales included 53 units from $295,000 to $4.17M. Unit breakdown:

• Duplex sales – 21
• Triplex sales - 6
• Fourplex sales -  8
• 5 to 8 unit building sales - 9
• 9+ unit building sales - 9

On pricing, this month’s units sold an average of 3% under the asking prices. The average time on market was 74 days.

Would you like more information about income units in Long Beach? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

One of our South Bay clients just listed their mansion in Pasadena at 875 S Madison Avenue, Pasadena CA.

Long Beach Units for Sale: