November 18th, 2017
Southern California Residential Income Property
Here in the Southern California Beach Cities of Redondo Beach, Torrance, Manhattan Beach and Hermosa Beach, as you might expect, the prices of residential income property is much higher than what you would find in more eastern sections of Southern Califorina
You might think then that the capitalization rates for Beach Cities apartment buildings to be much lower than what would “pencil out”.
I suppose the definition of “pencil out” for Southern California Residential Income Property varies from investor to investor. But I bet you would be surprised at how high they are and in relation to CD rates of under 2% which enjoy no tax write offs and no price appreciation, I can’t think of many better investments for the long run than Southern California Residential Income Property. So what are the goals for Southern California Multifamily property?
Investors generally have three goals to prioritize
- Tax Shelter
- Price Appreciation
- Income Production
In most cases, whether it’s Southern California Residential Income Property or Income Property anywhere, all three of these goals can rarely be maximized. This is true for Beach Cities apartment buildings. Being that they are coastal, price appreciation is a strong factor, but so is income production as the closer to the beach you get, the higher are the rents.
So let’s take a look at the closed sales in the last year of Southern California Residential Income Property
You can go to this link to see the interactive chart
Then you can visit this interactive map to search for Southern California Residential Income Property now for sale
If you would like to book an appointment with me either for a GoToMeeting session, in office consultation or just for a cup of coffee, you’re welcome to contact me here:
[spatialmatch_map id=86 show_title=true width=100% height=825]
Southern California Residential Income Property For Sale
Sorted by City from North to South beginining with El Segundo, then Manhattan Beach, Hermosa Beach, Redondo Beach, South Torrance and Palos Verdes
Multi-Family Properties in El Segundo
Manhattan Beach Multi Family Properties
Hermosa Beach MultiFamily Property
Redondo Beach Multi-Family Property for sale
Palos Verdes and South Torrance Residential Income Property
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