South Bay Home Tours

I’ve created a commercial real estate calculator. To calculate your return on any multifamily investment. Enjoy 😉

The Ultimate Real Estate Calculator Maximize Your Real Estate Investments with Our Powerful Calculator! Analyze properties, calculate returns, and make informed decisions effortlessly. Unlock insights on property valuation, cash flow projections, ROI, and more. Gain a competitive edge in the market with our intuitive real estate calcu...

Relax in style in this beautifully designed living room. From the intricate details on the coffee table to the cozy throw pillows, every element of this space is carefully curated to create a warm and inviting ambiance 🛋

Check out this lovely kitchen!! Are you a fan of the marble countertops?🏡🙌

Check out this lovely indoor-outdoor living home🙌 The living room sliding doors open seamlessly to the pool!

Are you a fan of this concept?

Translations For Real Estate Marketing Terms:

“Needs TLC” - Total Gut Job
“Photos Coming Soon” - They Aren’t Coming
Cash only - Total Gut Job
“Tenants May Vacate Early” - You Will Have To Evict Them
“Needs Minor Cosmetic Work” - Total Gut Job
“Needs Minor Foundation Repairs” - New Foundation Needed
“$3000 Carpet Allowance” - Total Gut Job
“Cozy” - Tiny House
“Please Call City For Possible Uses” - Condemned
“Cash-Cow” - Rented For Way Too Little
“Seller Financing Available” - For Six Months At 18% Interest
“Original owners” - Total Gut Job
“Fixer” - Total Gut Job + Cash Only

Some November Real Estate 🏡 Data

I've just reached 100 followers! Thank you for continuing support. I could never have made it without each one of you. 🙏🤗🎉

Potential homebuyers are always asking themselves whether it’s better to rent or buy a home. Many are unsure which is better: to tolerate the steep rent increases for now, wait for prices to slow further, or to buy before mortgage rates go up even further.

With rents soaring, many tenants are giving homeownership another look. If you purchase a home, you can mostly lock in your monthly housing payment over the long term. You may still face rising property taxes, but your housing payments are fairly fixed.

C.A.R.’s Housing Affordability Index is an important metric as it aims to figure how many statewide households can afford the typical home in California.

The index considers the current median-price of existing homes in California, and assuming a buyer has 20% down, it calculates the overhead (mortgage, taxes, and insurance) to own that home and how many CA residents can afford that home based on income data.

So, a HAI number of 50 means 50% of the California population can afford the median-priced home under current conditions. A HAI number of 35 would mean 35% of the population can afford a home, a number of 64 would mean 64% of the population, and so on and so forth.

What history has shown is when more residents that can afford a home, the more home prices can move higher. Conversely, the fewer the residents that can afford homes in the state, that can indicate times of plateau and even a pullback in prices – since able buyers have run out.

For example, past California housing corrections have occurred right around 17% affordability. Right before the Great Recession in 2005, affordability hit 17% (like other CA peaks) and dropped to as low as 11% in 2007 (the lowest number ever) thanks to liar loans that fueled a real estate bubble.

On the flip side, in 2010 to 2012 when the CA market bottomed, affordability in the state averaged 50% and went as high as 56% affordability. Looking back 10 years, that proved to be a time with the greatest upside and the HAI number gave clues to the future.

In a nutshell, history within the C.A.R.’s Housing Affordability Index has suggested:

Buy confidently when the index hits the 30s (buy with both hands in the 40s & 50s).
Sell when the index hits the high teens (bubbles occur in the low teens).
For the past nine years, the index has been range-bound between 23 and 36.

2022 Quarter 2 affordability is at 16%…
Meaning that 16/100 California buyers can afford to purchase a home right now…

What thoughts do you guys have about the market?

Housing demand in California cooled further in July as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020, C.A.R. reported.

Existing, single-family home sales totaled 295,460 in July on a seasonally adjusted annualized rate, down 14.4 percent from June and down 31.1 percent from July 2021.
July’s statewide median home price was, $833,910 down 3.5% percent from June and up 2.8% percent from July 2021.

Are we in a housing recession?
Existing Home Sales fell 5.9% from June to July to a 4.81 million unit annualized pace, per the National Association of Realtors (NAR). Sales were also down 20.2% when compared to July of last year. This is a critical report for taking the pulse of the housing market, as it measures closings on existing homes, which represent around 90% of the market. June’s report likely reflects people shopping for homes in May and June, which included the peak in rates that we saw in June.

What’s the bottom line? The annual decline in sales has led many, including NAR’s chief economist Lawrence Yun, to say that we are in a “housing recession.” However, there is a big difference between a housing activity recession, which we are clearly in, and a home price recession.

Activity has no doubt slowed, but home prices are still being supported by low inventory. There were 1.31 million homes available for sale at the end of July, equating to a 3.3 months’ supply of homes. However, six months is considered a balanced market, so this data speaks to the ongoing imbalance of supply and demand, which should continue to support home prices.

Have you heard of The Forgivable Equity Builder Loan? It gives first-time homebuyers immediate equity in their homes via a loan of up to 10% of the purchase price of the home. The loan is forgivable if the borrower continuously occupies the home as their primary residence for five years.

To read more on income and eligibility requirements….

https://www.calhfa.ca.gov/homebuyer/programs/forgivable.htm

Downpayment Assistance Program | Forgivable Equity Builder Loan The Forgivable Equity Builder Loan, which gives first-time homebuyers a head start on this with immediate equity in their homes via a loan that is forgivable if the borrower continuously occupies the home as their primary residence for five (5) years after closing.

I had several conversations with off market multifamily owners this week.
1. Duplex in North Long Beach near Cherry Ave. Seller wants to sell in May and do a 1031 exchange into more units.
2. Triplex in Hawthorne minutes from the Breweries. Seller would like to do a 1031 exchange into 6 units.
3. Seller in Long Beach looking for two duplexes in Bakersfield.
4. Seller in Long Beach looking to 1031 exchange into 5+ units.
5. Buyer looking for vacant land in Hawthorne up to 300k.
This was just one week of connecting with multifamily owners primarily in Long Beach and Hawthorne!
Are you looking for multifamily?

My clients first offer just got accepted! Opening escrow on Monday. Going for a home run! 💪🏼
Whether you want to Sell or Buy, I’m your guy.

🏠📉 Buyers lost 22% of their buying power! 🏠📉

Since last year, buyers have lost a fifth of their buying power due to rising interest rates.

Mortgage rates have jumped higher this year, but you really couldn't feel or see any change in this crazy market... until now. Mortgage rates were at 3.16% in December and they just eclipsed 5% this week. That enormous shift is beginning to show in the #'s, starting with demand.

Whether you want to sell or buy. I'm your guy.

3 Types of Real Estate Investment To Hedge Against Inflation

Real estate investing can help you beat inflation.

But where should you invest your money? What kind of real estate is most valuable? Here are three investment types to consider:

🏡 PRIMARY RESIDENCE: As inflation raises prices throughout the economy, the value of your home is likely to go up concurrently. If you don’t already own a home, we can help you take this first step.

🏘️ LONG-TERM RENTAL: This is a traditional rental. Think of a one-year lease on a single-family home. Because this serves as a tenant’s primary residence, it’s a necessary expense. Therefore, it helps to provide stable returns in uncertain times, especially when we have high inflation.

🏝️ SHORT-TERM RENTAL: Done right, short-term or vacation rentals can be both a hedge against inflation and a profitable source of income. As a bonus, when the home isn’t being rented you have an affordable vacation spot for yourself and your family!

Need help deciding which investment option is best for you?

Contact us to talk through your options and goals.
📲 310-766-8543
📲 310-766-8543
📲 310-766-8543

The 13 U.S. cities where home values have gone up by more than 200% – i.e. tripled – since 2000 are:

San Francisco (290% increase)
Los Angeles (280% increase)
Riverside, Calif. (278% increase)
San Diego (275% increase)
San Jose, Calif. (261% increase)
Sacramento, Calif. (237% increase)
Seattle (235% increase)
Tampa, Fla. (223% increase)
Miami (220% increase)
Austin, Texas (209% increase)
Portland, Ore. (207% increase)
Phoenix (206% increase)
Denver (204% increase)

Did you know you can borrow against the equity in your home. Once you have substantial equity, you can take out a home equity loan or cash-out refinance and use the proceeds to put a down payment on an investment property.

Then you can start earning rental income from tenants. When you’ve established cash flow and built enough equity in the investment home, you can take out a home equity loan or cash-out refinance on it and repeat the cycle.

According to Zillow, many homeowners earned more last year from home appreciation than from their jobs.

Most people do not see real estate as an investment. They see it as a roof over their head. Yet they celebrate when they are able to move up in two, three, five years due to the incredible equity they’ve gained in their current home.

Stretching about 20 miles south from the Los Angles International Airport, the coastline of Santa Monica Bay is known as "the South Bay." First made famous in surf songs by native sons the Beach Boys, the area today is one of the nation's most desirable — and pricey — second-home areas.

South Bay's attractions are long beaches, good weather, proximity to Los Angeles, shopping and dining, and accessibility to LAX. It includes the three "beach cities" of Manhattan Beach, Redondo Beach and Hermosa Beach, along with the Palos Verdes peninsula and the more residential cities of El Segundo, Torrance and Lawndale.

There is a lot of variety in both atmosphere and price. Manhattan Beach and Palos Verdes are the wealthiest areas, with median home prices of more than $1.5 million, which rank them high on Forbes' list of most expensive ZIP codes. Many waterfront houses run $6 million to $10 million. Torrance is the most affordable city in the South Bay, though with the largest industrial base, it has the fewest second-home owners.

If you’re in the market for a home and want to start investing in real estate, you may want to consider a strategy known as “house hacking.”

What's involved in house hacking? It's simple: You buy a multifamily property and live in one of the units while renting out the other(s) to generate income.

This is a great way to make your own housing payment much lower (or even free). It also builds equity and gives you valuable experience to carry over to other real estate investments.

South Bay Cities, CA has 255 homes on the market. The number of homes for sale in South Bay Cities, CA increased by 13.3% between January 2022 and February 2022. While the average time on the market in February 2022 was 25 days, the median list price was $1,624,485. This housing market listing prices have changed between January 2022 and February 2022: 1 bedroom properties became 16.9% more expensive, 2 bedrooms properties prices increased by 8.3%, prices of 3 bedrooms properties went up by 20.6%, prices of 4 bedrooms properties increased by 12.5%, the cost of 5 bedrooms properties went up by 15%.