For the last few years, I have taken great pride in writing a South Bay real estate blog post each and every week.
I have made it a priority to post during the busiest times for our company while serving our clients, posting over the holiday season, and yes, even posting over my wedding/honeymoon month (I pre-wrote those blogs).
This week, I am throwing in the towel and giving myself the grace of missing one post for the first time in a very long time.
On July 9th, Nicole and I welcomed in our first child, baby boy March Haynes. We have never known a love like this until March entered our world.
March’s birth has made me realize how incredible my parents were, along with all parents around the world are. I have found that it is by far the best, most difficult work there is. And with that, I am now understanding that no matter how hard I try to keep my schedule, March may have other ideas 🙂
What’s more, my appreciation for real estate has grown much greater. With our new little one in our lives, real estate can be a lot more than just an investment and black and white numbers. It truly can be a place to call home. I’ll see if I can incorporate the “home” aspect into posts down the road (even though it will be hard for me!).
So for this week, I am sharing a current listing and coming listings. I promise I will be back on track with a post this coming week. It will be good!
Thanks to all of you for reading and your continued support.
Cheers, Richard
In other news…
This week, I brought to market an incredible little starter home in El Segundo. It is livable now with huge potential to expand and remodel down the road with its massive 7,800 sq ft lot. It is on open house today from 1:30pm to 4:30pm. This one will sell over asking.
- 809 Maryland Street, El Segundo
- 2 bed, 2 bath, 1,280 sq. ft., 7,807 sq ft lot
- Asking price: $1,149,000
This coming Thursday, I will list a property in South Torrance in the Seaside area. It is a 3-bed, 1.5 bath home with 1,150 sq ft. Located on a charming street, this home has high-end designer finishes at a price well under $1 million. Make sure you do not miss it this week!
- Seaside, Torrance
- 3 bed, 1.5 bath, 1,152 sq ft, 6,398 sq ft lot
- Asking price: Under $1 million
In about two weeks, I will be bringing out a triplex I own in Hawthorne. This income property has two 3-bed/2.5-bath townhome-style units and one 2-bed/2-bath unit. The current CAP rate is at almost a 5% and proforma should push 6%.
- 12828 Doty Avenue, Hawthorne
- 8 beds, 7 baths, 3,709 sq ft, 5,399 sq ft lot
- $6,250 current gross per mos / $7,100 proforma gross per mos
- Asking price: Under $1.2 million
Lastly, do not forget about my amazing duplex listing at 1126 Manhattan Avenue in Hermosa Beach. This is one of the best locations in Sand Section Hermosa with fabulous ocean views, big rental income, and commercial options with a conditional use permit.
- 1126 Manhattan Avenue, Hermosa Beach
- 8 beds, 7 baths, 3,709 sq ft, 5,399 sq ft lot
- Asking price: $3,299,000