South Bay Residential Income Properties Report

By | June 1st, 2017|Income Property Listings, residential income properties|

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 [...]

2017 Trends and Changes in CA Real Estate

By | March 1st, 2017|Charlemagne Int'l Properties, Featured Articles, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, residential income properties, Top Palos Verdes Listing Agents|

I attended the Palos Verdes Board of Realtors March Breakfast meeting yesterday. Although breakfast was delicious, my primary reasoning for being there was to hear Gov Hutchison, California Association of Realtors' attorney, speak regarding trends and changes reflected in California laws and real estate forms. Here are the latest updates:  There's a new bedbug form. Yes, those little critters have arrived in our Golden State.  The new disclosure form states landlords must disclose if the property was inspected for bedbugs, and if so, the results of said inspection.  Tenants must tell landlord if the rental property becomes infested; landlord must address issue and eviction of the tenant is not allowed.  Carbon Monoxide/Plumbing form is now mandatory. Low-flow plumbing fixtures are required; it is seller's responsibility to disclose whether such upgrades are in place. If the plumbing upgrades are not in place, expect it to become a point of negotiations during the sale. [...]

Residential Income Property–West Wilmington Duplex

By | July 21st, 2016|Charlemagne Int'l Properties, residential income properties|

If you're thinking about purchasing a home, but would like a little help with the mortgage payment, perhaps you should consider buying residential income property.  This West Wilmington duplex will not only serve as your primary residence (and reap all the benefits of home ownership), but it will also provide you with additional income to the tune of $950 per month. Currently, one unit is vacant and waiting for an owner-occupant to take advantage of the recent price reduction.  Each unit has one bedroom and one bath.  Both units have interior laundry hookups and one space in the garage.  The occupied unit was remodeled with new kitchen cabinets, granite counters, and stainless steel appliances.  The vacant unit has stainless steel appliances and new carpet in the bedroom.  The units have an abundance of natural light, wood floors in the living area and a shared yard.  The new price adjustment makes this residential [...]