Recently renovated 3 bedroom/2 bath home/investment. Buy the house/rental property for your children to attend college - the home is close to four of the top universities in America: UCLA, USC, UC Irvine, and Cal Tech. The University of California at Los Angeles, USC and, Cal Tech with their renowned Math, Science and Engineering schools are world famous. You will have a city lights view as well as an ocean view. Many diverse groups are lucky enough to live close enough to take advantage of these fine schools.
The Hollywood Riviera is an ideal Southern California beach city in Los Angeles County. You will find fresh and clean sea air. There is never a problem with air pollution.
According to Sperling's “Best Places”, the Hollywood Riviera is known for having the best weather in the world. It’s never too hot and it’s never too cold. Always just right. The temperature ranges from 67 degrees in the winter to 77 degrees in the summer. On average, there are 280 sunny days per year in the Riviera which is in Redondo Beach, California. But unlike Florida, Hawaii and other warm places, there is no humidity in the Riviera. So you never walk around sweating the whole day.
The Hollywood Riviera Market is currently very healthy and continues to climb. There are virtually no foreclosures or other distressed sales.
In fact according to Shiller, the Hollywood Riviera/Redondo Beach Home Sale prices have gone up 13% in one year. Meanwhile the currencies around the world continue to decline.
Good luck finding any other investment property in this prime area. There aren’t any for sale.
Currently the property is producing $3,600/month. True market rents are higher or around $4,212/month.
In Southern California rents continue to go up. But in prime areas like Hollywood Riviera they go up even more. Price is $1,500,000 U.S. dollars. If you are a foreign buyer that wants to get out of your currency, i.e. a yuan, dong, yen, peso or pound that is being devalued by the government and get into an appreciating asset, this is it. This purchase allows a buyer to stop losing money in their own currency and get into growing your net worth while collecting rental income.