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 [...]
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 [...]
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.