For example - Tamarindo, Guiones, Hermosa are a couple hot spots for surfing. 

Have a property in SoCal in Hermosa Beach...looking to get into multi-family here soon.

 I am a new agent in Southern California and I have a friend who wants to purchase an investment property locally where we live (redondo beach, hermosa beach, torrance).

If you used all of it your buying power would be $900k plus but finding a building up in that price range is rather difficult when you have to use the self-sufficiency test.Chicago Areas that I still like that that you can find some decent deals would be Bronzeville, Washington Park (if you are okay with southside), Hermosa, Avondale, West Irving Park, etc. 

@Charles CatheyAreas in the city I recommend exploring: Jefferson Park, Norwood Park, Portage Park, Irving Park, Belmont Cragin, Hermosa, Marshall Square, Pilsen, Bridgeport, McKinley Park, Brighton Park, NE Humboldt Park, Albany Park.Suburbs: Berwyn, Cicero, Forest Park.

We have had clients do really well by the 606 in the Hermosa/Humboldt areas on the fringe of Logan. 

You should do the bike ride but I know what you mean....I usually get distracted in Hermosa ha ha.

Welcome,This is a terrific site for newbies and veterans alike.I like that people are willing to share their knowledge and experience without selling you anything ..Like yourself I am in LA vicinity Hermosa Beach, I must say I evaluated LB back in 2009, but the numbers in S LA were much more compelling.

I am primarily a buy and hold investor in Chicago, and am very active in several northwest side neighborhoods in the city including Humboldt Park, Logan Square, and Hermosa.

Hi Ken, I work with investors in the South Bay and as I'm sure you are aware of you are paying for the dirt in Redondo Beach, Hermosa Beach, and Manhattan Beach so you can't really compare the numbers compared to other areas, especially other parts of the country.