Category Archives: Uncategorized

Houses For Rent in Redondo Beach California

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MultiFamilyOWL.com provides updated inventories of HOMES FOR RENT in REDONDO BEACH CALIFORNIA with the listing agent’s direct contact name and brokerage.  Although Redondo Beach is not subject to Rent Control, there are still very affordable single family homes available for  rent in comparison to neighboring cities of Hermosa Beach and Manhattan Beach.

Redondo Beach has excellent schools from elementary, middle and certainly Redondo Beach Union High School which is now challenging nearby Manhattan Beach’s Mira Costa High School in the standardized testing results.  With awesome schools, incredible police/fire departments and sandwiched geographically in between Hermosa Beach, Manhattan Beach and Palos Verdes…..Redondo Beach is the perfect community to locate your next home for rent!

Torrance. No Rent Control

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The city of Torrance California has No Rent Control.  Torrance is a wonderful city to live with incredible schools, superb police and fire department, great dining/shopping and extremely close proximity to the beach cities of Redondo Beach, Hermosa Beach and Manhattan Beach.

Even with No Rent Control in the city of Torrance, there are still many affordable apartments, condominiums and townhomes for rent in the city.  MultiFamilyOWL.com is updated every hour  with new vacant apartment opportunities in Torrance.  Just click this link to view now!

 

458 Longfellow Avenue Hermosa Beach Ca 90254 — DUPLEX FOR SALE —

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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!

—OFF MARKET— MultiFamily, Multi-Unit Income Property FOR SALE Culver City & Mar Vista, Los Angeles California

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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
SHS Advisors
DRE #: 01716659

Orange County California Commercial Apartment Buildings For Sale

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At the time of this blogpost (December 16, 2016) there were 26 Commercial Apartment Buildings For Sale in Orange County California.  19 of these investment properties were smaller commercial apartment buildings ranging in size from 5-10 units with Gross Incomes between $100,000-$200,000 on average.  Five of the available multifamily income properties are 11-23 unit buildings bringing in $250,000-$400,000 gross income on average.  The final two buildings currently for sale are both just under 100 unit very large multifamily commercial apartment buildings generating $2,000,000-$2,500,000  gross income on average.

To view these and other Commercial Apartment Buildings For Sale remember to visit MultiFamilyOWL often, as we are the #1 resource for MultiFamily Income Property Investing in Orange County, Riverside County, San Bernardino County and Los Angeles County.

We will be highlight Duplex, Triplex and Fourplex Investment Properties in Orange County tomorrow.  We also are assisting several Sellers valuate their Orange County Investment Property Portfolios for future sale.  Keep an eye out for upcoming videos!

Find Multi-family Home and Property Listings in Orange County, CA

Orange County has an affluent population of 3,010,23 and is The third most populous county in the United States, second only to Los Angeles and San Diego County.  Investing in Orange County is an excellent choice for multifamily residential income property owners. The overall economy is improving and decreasing unemployment rates are excellent for rising rental rates. Orange County’s great climate, family fun attractions like Disneyland and Knott’s Berry Farm, several beaches and more than 40 miles of coastline makes Orange county cities a popular vacation destination. Additionally if you convert your apartment into a vacation rental, you will create short term rentals that you will yield you higher rental rates.

Orange County is known for its political conservatism. A 2005 academic study listed three Orange County cities as being among America’s 25 “most conservative.”  The city of Santa Ana is the county seat and is a part of Orange County’s 947.98 square miles. You may receive higher rents for multi-unit residential investment properties near the coast, however in general the asking purchase prices are higher.

Where most population centers tend to be identified by a major city, there is no defined urban center in Orange County. It is mostly suburban except for some traditionally urban areas at the centers of the older cities of Anaheim, Fullerton, Huntington Beach, Orange, and Santa Ana. There are several edge city-style developments such as Irvine Business Center, Newport Center, and South Coast Metro. Residents sometimes figuratively divide the county into “North Orange County” and “South County”. This is more of a cultural and demographic distinction perpetuated by the popular television shows “The OC”, “The Real Housewives of Orange County” and “Laguna Beach”, between the older areas closer to Los Angeles, and the more affluent and recently developed areas to the South and East.

Orange County is famous for its tourism and is the headquarters of several Fortune 500 and Fortune 1000 headquarters for Ingram Micro, Broadcam, Western Digital, Edwards Lifesciences, Standard Pacific, Quiksilver and Apria Healthcare. Notable technology companies are there like Gateway, Toshiba and Linksys. It is also an automotive, fast food & casual dining center containing the headquarters of Mercedes-Benz, Mazda, Toyota, Samsung, Kia Motors, Hyundai, Del Taco, Taco Bell, El Pollo Loco, In-N-Out Burger, Claim Jumper, Marie Callender’s, and Wienerschnitzel. Perfectly positioning you as an owner serving these industries, fewer and fewer apartment buildings are being built in California. Several are being torn down to build big mega mansions, driving up demand and creating higher rental rates.

Moreover, there are great tax benefits to owning income producing real estate. A property manager can help you control owner/ landlord expenses and if necessary guide you through the tricky Section 8 and eviction process. We have many duplexes, triplexes, fourplexes, and commercial apartment buildings without rent control, with on site parking, laundry and separately metered utilities.

Invest with us and request more information about the historical CAP Rates for your preferred Orange county cities and ask about the GRM (Gross Rent Multiplier), Net Operating Income and Gross Operating Income for specific listings.

Information gathered from Wikipedia and www.propertymetrics.com

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Orange County.
You might be interested in looking in one of these Orange County cities: Anaheim – Brea – Buena Park – Corona Del Mar – Costa Mesa – Dana Point – Fountain Valley – Fullerton – Garden Grove – Huntington Beach – La Habra – Laguna Beach – Los Alamitos – Newport Beach – Orange – San Clemente – Santa Ana – Seal Beach – Sunset Beach – Tustin

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

 

Duplex Manhattan Beach—4 unit (4-plex) apartment building Redondo Beach—Duplex San Clemente

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MultiFamilyOWL.com wil be assisting on three new investment properties over the next couple of weeks.  We will be posting videos on each transaction and keeping everyone updated on the appropriate statistics for each transaction.

Manhattan Beach duplex properties have been trading out well above 20x Gross over the past 180 days.  However with so much land value on a majority of these sales you really need to look at each comparable individually.

The Redondo Beach 4-Plex (4 unit apartment building) market has been more reasonable with a majority of the 4plexes selling on 50×150 7,500sq’ lots trading out around 16x Gross.  There is incredibly high demand for these buildings right now.

San Clemente has been on a tear, but still offers the best GRM and CAP rate potential.  We have seen quite a few sales under the 15x gross recently.  Rents are still rising and with all the development occurring near the Amtrak station on the north side of town we expect many years of increasing rents.

Videos coming soon!

NNN Triple Net Lease Investment property Los Angeles California

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Operating Expenses can crush multifamily income property owners and reduce CAP Rates to unsustainable levels.  Many multifamily income property owners in California are moving to single tenant Triple Net Lease NNN investment properties in hopes of raising their CAP rates.

Although having no responsibility for operating expenses sounds tempting with Triple Net Lease investment properties.  We at MultiFamilyOWL believe in MULTIFAMILY INCOME PRODUCING PROPERTIES and become experts in keeping operating expenses down under 30% on most multifamily income properties (including management fees).

The risk involved with single tenant investment property with the rise of business being done online and less and less need for “brick and mortar” store fronts is not something MultiFamilyOWL investors are comfortable with.  We run our multifamily income properties efficiently and keep our expenses low and vacancy rates minimal.

Even when ALL business is done online, EVERYONE WILL STILL NEED A PLACE TO LIVE!

Investment Property, Apartment Buildings, Duplex, Triplex, For Sale Los Angeles California

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Los Angeles California’s Investment Property real estate market continues to attract investors from mainland China looking to place their equity in the United States.  MultiFamilyOWL.com has witnessed exponential increases in inquiries from mainland China, Hong Kong and Singapore over the past 12-18 months.

Most far east investors are looking for larger apartment buildings for sale in the Los Angeles, Long Beach and Orange County regions of California.  Traditional valuation methods and CAP Rate analysis are being disregarded when the multifamily income property is in the correct location and in well kept condition.  This phenomena is making it very difficult for more conservative and traditional multifamily income property investors to compete.

The smaller residential investment properties such as DUPLEX, TRIPLEX and FOURPLEX investment properties are also being eaten up, often time by large real estate investment trusts which are bundling the properties.

MultiFamilyOWL.com continues to receive record inquiries from potential sellers and buyers, always remember to check in with us first!  We have many highly skilled investment property Realtors in all cities covering Southern California we can refer you to!

redondo beach apartment for rent

Apartments For Rent Redondo Beach, Hermosa Beach, Manhattan Beach

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MultiFamilyOWL.com is highlighting over 125 apartments FOR RENT in Redondo Beach, Hermosa Beach and Manhattan Beach.  To view these apartments for rent please click the live link above.  You will be brought to MultiFamilyOWL which is a FREE website where you can view descriptions of the homes for rent, pictures and find the listing Realtor’s contact name and brokerage.

Redondo Beach, Manhattan Beach and Hermosa Beach are three beach communities located within the “South Bay” of Los Angeles County.  All three communities offer amazing school districts, white sand beaches and incredible restaurants for dining.

There are many smaller duplex, triplex and fourplex apartment buildings which currently have vacancies as well as many large commercial apartment buildings with vacant apartments for rent.

los angeles california apartment buildings for sale search

Apartment Buildings For Sale Los Angeles December, 2015.

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Using the MLS for approximate data, we are calculating over 2,088 APARTMENT BUILDINGS FOR SALE in Los Angeles County at the time of this posting.  Additionally, there are over 1,197 Apartment buildings in escrow with accepted contracts.  Thus far in 2015, there have been well over 6,000 Duplex, Triplex, Fourplex and larger commercial apartment buildings selling and closing escrow in Los Angeles County.

The demand for Apartment Buildings continues to rise in Los Angeles California.  With the combining factors of decade low interest rates, rising residential rents, employment improvement and low inventories many developers and Real Estate Investment Trusts are forging forward with the construction of new Duplex, Triplex , Four-Plex and larger commercial apartment buildings.

To view and search Apartment Buildings For Sale in Los Angeles County California please always use MultiFamilyOWL.com Our website is updated daily, completely free, includes detailed descriptions/photos and very user friendly offering advanced search options!