There are 132 income properties on the market in the South Bay. This month's price range is from $300,000 for a short sale duplex in Wilmington to $7.4M (reduced $300K) for a 7 unit building in Hermosa Beach.
This is almost the same inventory level as May.
87 units are in escrow, which indicates a very active market and about 1.5 months of available supply. In May there were 48 apartment buildings sold. The highest sales price was $4.5M for a triplex in Manhattan Beach.
Two to four unit building still dominate the available market in the South Bay at over 79 bggh% of the local apartments for sale.
Available income units by city:
- Palos Verdes - 0
- Manhattan Beach - 6
- Hermosa Beach - 14
- Redondo Beach - 5
- Torrance - 10
- Lawndale - 9
- Lomita - 6
- Harbor City - 4
- San Pedro - 42
- Wilmington - 15
- Gardena - 10
- Carson - 2
- El Segundo - 1
- Duplex - 57
- Triplex - 28
- Fourplex - 20
- 5-8 Unit Building - 17
- 9-19 Unit Buildings - 5
- 20+ Units - 1
- Details not provided or non-code compliant "rental" units - 3
Josh Toering, REALTOR at Charlemagne Intl Properties
310-525-9440 or email us
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