San Pedro Income Property - Nov 2014

The coastal town of San Pedro had a great month for income unit sales. The overall indicator shows it has picked up in popularity with investors.

• Available Units: 44 Apartments are listed for sale in San Pedro priced from $350K to $5.995M
• Units in Escrow: 21 Units are in escrow ranging from $289K to $2.09M

October sales includes 10 units from $370,000 to $825,000. Unit breakdown:

• Duplex sales - 4
• Triplex sales - 2
• Fourplex sales - 3
• Six unit building sold - 1

On pricing, this month's units sold within an average 1% of the asking prices and were split pretty evenly between properties that went slightly under asking price and a few that were bid up. The average time on market was 78 days.

Would you like more information about income units in San Pedro?  Find out the current market value of apartments you own?   Toering & Team has helped many investors with both buying and selling investment properties in San Pedro and the entire South Bay of Los Angeles.

Let us know how we can help!

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

 San Pedro Units for Sale: