Hermosa Beach duplex income property for sale located at 458 Longfellow Avenue Hermosa Beach CA 90254 by John Corrales Coldwell Banker Manhattan Beach 310-346-3332.
Each unit has been remodeled and the land offers future development potential. Awesome location just 4 blocks from pristine white sand beaches and an easy walk to all the shopping and dining in downtown Manhattan Beach.
With so few income properties left, due to re-development into large luxury homes in Hermosa Beach and Manhattan Beach, the few remaining income properties very rarely become available. MultiFamilyOWL.com has all Manhattan Beach, Hermosa Beach and Redondo Beach Duplex, Triplex, 4-Plex and larger apartment buildings available updated every 15 minutes!
7 Luxury units in Culver City
– Best of the best (location and quality)
* Perfect for a 1031 exchange buyer or if you wish to live in 1 of the units
– High quality/ new construction, modern and state of the art
– 7 APNs, ability to sell ofF individual units
– 100% rented, great income (can raise rents as they roll)
– Price: $6.5M (low 4 CAP on in-place)
New Luxury Multi-Family project, to be completed, <10 units, in Mar Vista
– 3/4 complete multi-family development
– Modern design
– Ready for the right investor to come in and finish quickly/ bring units to market!
– Price: $4.5M as-is
Contact Joe at joe at shsadvisors.com for more details
DRE #: 01716659
MultiFamilyOWL.com is fast becoming the #1 website for southern California investors to locate Duplex MultiFamily Income Investment Properties For Sale in Los Angeles and Orange County. Please keep in mind that we get many Duplex, Triplex, 4-Plex and large apartment building owners contacting us directly as well. These owners are trying to locate upleg properties to satisfy potential 1031 tax deferred exchanges. Thus MultiFamilyOWL always has a long list of income properties that may be coming for sale in the near future. We do not take commissions on these introductions between potential buyers and sellers!
Helpful tips for top qualities in multifamily income properties to help keep vacancy rates down and Net Operating Income up:
- Locate income properties with minimal studio or 1 bedroom units. 2-3 bedroom apartments stay rented longer. (when a roommate in a 2-3 bedroom is lost, the remaining roomate/roomates often find a replacement and stay put)
- Locate income properties that have private individual laundry inside each unit.
- Locate income properties that have private individual outdoor space (small patio is fine)
- Locate income properties that have private individual garages or covered parking
Torrance California is located in southwest Los Angeles County within the beautiful neighborhoods of the “SouthBay”. MultiFamilyOWL.com consistently receives daily emails from professional multifamily income property investors searching for Duplex, Triplex, Fourplex and larger commercial apartment complexes for sale within the city of Torrance. Vacancy rates are extremely low due to amazing elementary and high school scoring on achievement tests, close proximity to the beach, LAX and the 405, dozens of fortune 500 company headquarters and one of the most devoted and well run police departments in the country.
Torrance also offers a slight reprieve from the ridiculously high Gross Rent Multipliers found in neighboring Manhattan Beach, Hermosa Beach and Redondo Beach. Torrance CAP Rates as high as 5-6% can be achieved in larger unit investment buildings due to less land value then many of the adjacent beach cities.
MultiFamilyOWL is currently working to match several large multi-unit apartment building owners in Torrance with commercial property owners who are considering selling as these multifamily owners are looking to diversify into Triple-Net Lease investment property.
MultiFamilyOWL.com is receiving unprecedented amount of calls and emails regarding buyers looking for duplex investment properties in Los Angeles. Buyers are looking for pure investment and also to live in one unit while renting the other unit out to help cover the mortgage payment. Hollywood seems to be the hottest area this week with over 5 buyers calling interested in finding out more information on Duplex Properties for sale in Hollywood specifically. The last two weeks have been dominated by buyers looking in Long Beach, so this is a nice change to refer some buyers to new Realtors in Hollywood.
MultiFamilyOWL.com has many new features launching this quarter so stay tuned! And thank you for all your support and remember to ALWAYS search for updated Duplex listings with MultiFamilyOWL.com