The Beverly Hills, CA Income Property Market Report for December 2016

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/4YFY

The Beverly Hills, CA Income Property Market Report for December 2016

The most challenging market segment is the Income Property Segment of not just Beverly Hills, but the greater Los Angeles area. My report focuses on the Lack of Inventory, which in turn fuels the lack of sale.

I have a handful of clients that would love to buy Income Properties, now with that said they are frustrated almost as much as I am, that they are ready to spend money but virtually nothing to buy.

There are only a total of 4 Active properties one is a Duplex and one is a 21-unit income property. The other two fall in-between.

The least expensive one is listed for $3.5 million and the most expensive one is listed for $19 million.

www.endrebarath.com

Now if we look at what sold since July 2016 the numbers will amaze you. There have only been 9 sales since after the 4th of July. What do I attribute this to? Investors love their Beverly Hills Income Properties because they generate so much money that it does not make financial sense to sell them.

Beverly Hills Income Properties are in such high demand that the Median Days on Market for these 9 properties that sold was 42 days. That basically tells you the moment they came on the market it sold.

IF you are considering selling Income Properties in Beverly Hills and surrounding areas please reach out to me directly to discuss a strategy to get the most money in the shortest amount of time.

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations.

 

 

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Rainmaker
2,596,722
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Endre, Reading this reminds me of “if it ain’t broken – don’t fix it.”  With income properties performing so well … why sell?   I know you are the man to call for ALL Beverly Hills real estate needs.  

Jan 09, 2017 05:34 PM #1
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kathleen Daniels  and that is exactly what is happening, no one wants to sell just get the huge cash flow every month:)Endre

Jan 09, 2017 06:09 PM #2
Rainmaker
4,650,571
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is very good information to share with real estate investors.

Have a most productive January.

Jan 09, 2017 06:47 PM #3
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Roy Kelley thanks for stopping in, hope you are enjoying the New Year, Endre

Jan 09, 2017 09:27 PM #4
Rainmaker
4,308,742
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  Thanks for keeping us updated with the Income Property market in Beverly Hills, CA.

Jan 10, 2017 05:11 AM #5
Rainmaker
2,897,433
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Endre -- you're right to state that the lack of inventory in the "income property" segment is not exclusive to Beverly Hills.  I'm not sure we will see a change in 2017 which only means we will need to keep wearing those thinking caps and uncovering clues to find properties.  

Jan 10, 2017 07:29 AM #6
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe Sanders  wish I  had better news... on a side note I heard a funny joke must share with you privately since you are the resident jester on AR:) Endre

Jan 10, 2017 11:28 AM #7
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  have a couple ideas, we need to put our heads together, Endre

Jan 10, 2017 11:28 AM #8
Ambassador
2,635,568
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Endre - Wow! That's a serious lack of inventory for what ought to be a dynamic market segment. You'd think at least some of those investors would be ready to cash out.

Jan 10, 2017 02:14 PM #9
Rainmaker
2,043,600
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Endre, Wow now this income property market in the LA is definitely whati call a very tough market to do anything. 

Jan 10, 2017 02:40 PM #10
Rainmaker
1,545,489
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Endre - I can easily see why an income property in Beverly Hills and the LA area is the goose that keeps laying golden eggs.

Jan 10, 2017 07:52 PM #11
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick Greenberg  if they did they could call their price, truly challenging as we speak...Endre

Jan 10, 2017 09:51 PM #12
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Robert Bob Gilbert  it is virtually non existent, Endre

Jan 10, 2017 09:51 PM #13
Rainmaker
2,753,803
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Grant Schneider   great analogy and no one wants to get rid of the Golden Goose:))Endre

I need to do a post what Rents are going for in Beverly Hills:)

Jan 10, 2017 09:53 PM #14
Rainmaker
2,043,600
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Endre, Tough for anyone even you to do anything in this market.

Jan 11, 2017 10:25 AM #15
Ambassador
1,390,048
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Your other issue is that California is not a landlord friendly state. In Oklahoma we can evict in two to three weeks.

Feb 09, 2017 06:14 AM #16
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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