There are 109 income units listed for sale in the South Bay. 45 units are in escrow, which indicates a very active market and about 2 months of available supply. In February there were 27 apartment buildings sold. In March we've had 13 units transfer ownership so far.
Two to four unit building still dominate the available market in the South Bay at over 86% of the local apartments for sale.
Available income units by city:
- Palos Verdes - 0
- Manhattan Beach - 6
- Hermosa Beach - 9
- Redondo Beach - 6
- Torrance - 5
- Lawndale - 10
- Lomita - 13
- Harbor City - 2
- San Pedro - 43
- Wilmington - 20
- Gardena - 18
South Bay available income units by type/size:
- Duplex - 49
- Triplex - 27
- Fourplex - 18
- 5-8 Unit Building - 9
- 9-19 Unit Buildings - 3
- 20+ Units - 1
- Details not provided or non-code compliant "rental" units - 2
Josh Toering, REALTOR at Charlemagne Intl Properties
310-525-9440 or email us
South Bay Income Property for Sale: (Under $800,000)
South Bay Income Property for Sale: (Over $800,000)
Sell Smart, Buy Wise and Live Well
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Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.