Prime residential income properties remain a desirable asset in investors' real estate portfolios. If some of the tax changes proposed by the new administration come to fruition, income properties will likely benefit. The South Bay of Los Angeles is a hotspot for residential income property buyers. The coastal/beach location ensures there will always be a ready supply of renters to fill vacancies. Rents are high in the coastal region, and only a few of the cities are affected by rent control rules and regulations. Let's look at the current supply of residential income properties for sale in a few of the South Bay of Los Angeles cities: Manhattan Beach: Seven residential income properties are currently for sale. The properties range in price from $2.3MM for a two-unit building to $8.44MM for three units on The Strand. Hermosa Beach: Nine residential income properties are listed for sale. The properties [...]
December is always a busy real estate month for me. I receive the typical end of the year flurry of calls from buyers who are searching for an income property to add to their real estate portfolio or even a new primary residence. Whether they had their pre-tax appointment with their accountant or decided it was time to upsize or downsize, the end month of December is decision time for many buyers. Although the holidays are often referred to as "the most beautiful time of the year" they can also be the busiest time of the year for sellers, buyers, and their agents. Sellers who are anxious to receive an offer may make a price reduction, and buyers who have a few extra days off work may be eager to tour houses for sale. If your home is for sale, make sure it is available to show during the holidays. [...]
One of my investor clients is selling this three-bedroom, two bath home in the Vista del Oro neighborhood of San Pedro, CA. The current owner remodeled the kitchen and in the process removed walls to give the house an open floor plan. What a difference a remodel makes! The living room flows effortlessly into the dining kitchen area and there's a separate family room that could be used for a home office. There are hardwood floors, an abundance of natural light and a fireplace. There's a peek-a-boo view of the ocean and harbor from the house; the view is panoramic from the upper undeveloped pad of the backyard. The house is 1610 sq. ft. and the lot is 6,752 sq. ft. with a front yard, and a large patio in the back plus a flat upper pad.Offered at $719,000 by Charlemagne Int'l Properties Contact Norma Toering at [...]
The beach cities remain the hottest market for income units in the South Bay. While the water frontage areas have had amazing jumps in value, we still see some appreciation plays in North Redondo. A fourplex on Curtis was listed this week for $1,625,000. This one not only has the appreciation potential we're continuing to see in Redondo, but the mix of 2 bedroom and 3 bedroom units are rented out under market, so there is also upside in upgrading those to current rental rates. Would you like more information on this building or other income properties in the South Bay? Give Josh a call. Josh Toering, Agent at Charlemagne Intl Properties 310-525-9440 Income units for sale in Redondo Beach:
Wilmington, CA is a "hot spot" in the South Bay of Los Angeles for income producing properties. Charlemagne Int'l Properties recently listed a side by side duplex on Ravenna Avenue, and this upgraded property will make a savvy addition to most rental income portfolios. Each unit is one bedroom with interior laundry area and one space in the two-car garage. One unit's kitchen was recently remodeled with new cabinetry, granite counters and stainless appliances. The other unit is upgraded with stainless appliances as well. Read the full MLS information for 1111 Ravenna in Wilmington. Both units are occupied and the property will be sold with tenants in place. Offers are subject to inspection. The $345,000 asking price is sure to attract interested buyers. Contact Josh Toering at ToeringandTeam@gmail.com or text or call 310.493.8333 for more information.
San Pedro is noted for having a wide variety of income producing properties. The most popular properties are those falling into the 2-4 unit category. Novice and experienced investors prefer 2 to 4 units as financing can be much more favorable and the smaller size units are easier to manage and maintain for the do-it-yourself investors. Charlemagne Int'l Properties (310.525.9440) just added a jewel to the list of available 2-4 units currently for sale in San Pedro, CA. The property consists of one two-bedroom unit and two one-bedroom units. All units are currently occupied. The two-bedroom units has interior laundry hookups and garage. The one bedroom units have on site laundry facilities. Asking price is $519,900. View the MLS stats and information on the triplex for sale at 1128 Mesa in San Pedro CA. Offers are subject to inspection. For more information regarding income and expenses contact Josh Toering [...]
Looking for investment property in San Pedro? Don't miss this triplex! It will be listed on the Multiple Listing Service as soon as we receive the financials from the management company. We expect it could be as early as tomorrow, but Saturday at the latest. The $519,900 property has one two-bedroom house and two one-bedroom units. The current owners have completed several upgrades. All units will be sold with tenants in place. The property falls under Los Angeles City Rent Control. If you're in the market to add a property to your investment portfolio, this may be the perfect addition. Offers are subject to inspection. Contact Josh at Charlemagne Int'l Properties for more information. 310.525.9440 or ToeringandTeam@gmail.com.
We sold this Wilmington income property to our clients several years ago. Even though it was bank-owned and in need of TLC they saw potential in the side-by-side one bedroom units. They rolled up their sleeves and did the required work, and the property now has new electrical, new garage door, new kitchen, laminate flooring, etc. Our clients are making some adjustments and upgrades to their real estate investment portfolio, and some lucky buyer will gain an upgraded property with good tenants in place. The property will hit the MLS next weekend with an asking price of $345,000. Current rents are $950 and $900. The property falls under Los Angeles City Rent Control. We expect this one to roll off our inventory list very fast, so don’t miss out. Contact us today! Whether you are a seasoned investor or a beginner, there is probably a place for this property in your [...]