Long Beach and Los Angeles are currently the hottest Southern California multifamily property markets to locate whole duplex homes for sale. Both cities have abundant inventory as many owners are choosing to 1031 tax defer exchange into larger triplex and fourplex properties.
Both Long Beach and Los Angeles offer Duplex homes well under 1 million. Long Beach is not subject Rent Control however the City of Los Angeles is subject to Rent Control. Vacancy Rates in both cities are very low with growing demand from new perspective renters.
As the low availability for housing continues in Southern California and job growth continues increasing, buying a whole duplex home in Los Angeles or Long Beach might be your best investment in your lifetime.
Vacation Rentals in Manhattan Beach, Hermosa Beach and Redondo Beach must be rented out for 30 days minimum. Short term (less then 30 days) vacation rentals are banned in all three cities currently. However, many owners that were utilizing the various short term vacation rental websites have adapted, now offering fully furnished action rentals for 30 day+ terms.
To locate your Vacation Rental in Manhattan Beach, Hermosa Beach or Redondo Beach please click this live link and you will be directed to many available furnished homes, townhomes, apartments and condos throughout the three beach cities MultiFamilyOWL.com
As of today July 1st, 2017 there are seven multifamily investment income properties for sale in Hermosa Beach California. There are 4 Duplex Homes currently listed for sale ranging from $1,775,000-$3,000,000. All four of these duplex properties are located in the “sand section” of Hermosa Beach which is west of Pacific Coast Highway and adjacent to the beach and downtown Hermosa Beach dining and shopping. There are two Triplex income properties for sale rating from the mid-2 million to mid-6 million dollar price range. Both of these triplex properties are also located in the sand section and one of them is actually located on The Strand and priced very close to land value. The final multifamily property available is a 4-Plex located in the Hermosa Beach hill section just under $2,500,000. This fourplex is located east of Pacific Coast Highway, but still within walking distance to the beach, shopping and dining.
To view all available apartment buildings complexes, duplex homes, triplexes and fourplexes For Sale in Hermosa Beach, please click this link and visit MultiFamilyOWL.com MultiFamilyOWL is updated every hour and is Southern California’s #1 source for MultiFamily Income Properties!