Distressed Residential Income Property Located in The Beach Cities
Many investors focus on the distressed real estate market to find “deals”. While there are no guarantees that any of these owners will consider an offer (to my knowledge, none of these properties are currently listed for sale), clearly these owners are experiencing financial difficulties that could be cured by selling.
If you’re an investor looking for prime location multi family residential income property in Manhattan Beach, El Segundo, Redondo Beach or Hermosa Beach, this list could provide a good start for you. The list frequently changes so let me know if you want an updated list. While providing that service for you is free of any costs, I do expect that you will choose me to represent you in the purchase or sale of real estate.
I want you to take a good luck at the chart below. Buying investment property in the South Bay during the last 10 years (even if you had bought at the peak of the market in the 4th quarter of ‘06) would have made you money! At worst, you would have broken even and then when you add in the income and tax benefits, you would be doing pretty well!
Meanwhile to find income property now for sale in the South Bay, please follow the link in the yellow tab below
Click on the map below to view the latest distressed properties in foreclosure or scheduled for auction.
If you want to see a larger version of this chart, just click the image