Multi family in different locations of LA

[Yanliang Mo]

Hi everyone, I have been looking at multi family property in different locations of LA, mainly Redondo Beach, Arcadia, San Pedro and Long Beach. I prefer Redondo Beach, but I have read how Redondo Beach is kind of at its peak now, and San Pedro has potential with its waterfront redevelopment. But it looks to me it still might take 20 years for the city to have a complete make over. Long Beach has a lot of Multi family for sale, with section 8, is Long Beach a place to go? 

[Charles Cooper]

@Yanliang Mo San Pedro just broke ground on the first phase of the Public Market (old Ports o Call). SpaceX is also back in talks with the city to move their manufacturing to San Pedro. There is a lot of clean up going on in San Pedro, it will take some time, but it’s the next place in the South Bay where you can get good deals. Let me know if you need a comp analysis on the 7 unit or any other listings in the area.