The South Bay of Los Angeles is popular with landlords for a variety of reasons; perhaps the top one being real estate prices are high, and that supports an ever-growing pool of renters. The Beach Cities of Redondo, Hermosa and Manhattan are prime coastal locations for residential income properties. It's a lifestyle many aspire to and although the purchase prices are high there are a surprising number of rentals available near the beach.
Let's begin with a market update for Redondo Beach's residential income properties:
8 Residential income properties are currently for sale in Redondo Beach.
6 Redondo Beach residential income properties are in escrow with accepted offers.
41 Redondo Beach residential income properties sales have been recorded year-to-date.
Hermosa Beach residential income property report:
30 Hermosa Beach residential income properties have sold year-to-date as of November 17, 2016.
6 Hermosa Beach residential income properties are in escrow with accepted offers.
4 Residential income properties are currently for sale in Hermosa Beach.
Manhattan Beach residential income property update:
13 Manhattan Beach residential income properties are currently for sale.
2 Manhattan Beach residential income properties are currently in escrow with accepted offers.
19 Residential income properties have sold year-to-date in Manhattan Beach.
For more information about residential income properties in the Beach Cities of the South Bay of Los Angeles contact Norma@CharlemagneProperties.com or 310.493.8333 or visit my websites:
You will find a wealth of information about the Beach Cities and the Palos Verdes Peninsula.
Photos taken by Norma Toering while out and about in the gorgeous Beach Cities in the South Bay of L.A.
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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.