Bank Owned | Reduced $499,000

mark spector  mark spector realtor  mark spector realtorThis charming San Pedro home is located on a quiet street, just minutes to the beach. With 3 spacious bedrooms and 4 bathrooms (tax records indicate 3 bathrooms, buyer to verify) at over 2800 square feet, there is plenty of room for you and your family! TWO master bedrooms, two charming balconies, laundry room, wet bar, office, large family room with cozy fireplace, formal dining room, and open bright kitchen….this list of incredible features goes on and on! Needs some TLC so bring your tool belt and turn this property into your ocean-side dream home!

Bank Owned San Pedro | $264,900

Mark Spector  mark spector  mark spectorYou are to late this one has gone pending…Cute Spanish style starter home. Good curb appeal with lots of character. Lush front yard, arched door way, crown molding and wood floors throughout. Tile in kitchen and bathroom. Light & bright with decorative fireplace and built in cabinetry in living room, good sized bedrooms. Kitchen counters and floros are tile. Patio in rear with pergola. Laundry hook-up in garage.

Demand For Single Family Rental Are High

 

Although real estate prices have fallen dramatically for the past 2 or 3 years, rents are rising. High demands for single family rentals are on the rise due to the volume of foreclosures and short sales. No matter what the reason for these families losing their homes they still need places to live. Consequently the demand for single family rentals is high.

For a lot of these families leaving their homes, they are not necessary wanting to leave their neighborhoods. They are looking to keep the kids in the same schools and keep their friends. For these new renters the rents are less than their old mortgage payments, they are relieved from maintenance work and they are happier to be out from under the massive payments.

In the past’s multi-family units, i.e. apartments, duplexes were easy to rent, but with so many more renters looking to live in SFR’s this is starting to change. We are starting to see the demand “good” single family property rentals in nice neighborhoods go up.

Investors will benefit from this information because they understand prices have been dropping on properties and the demand for good rentals has been going up. Investors are confident that they can rent for a good rate and have an easier sale when they are ready to sell after the prices rise.

If you are thinking of buying or selling a home, condo or investment property call me Mark Spector 310-430-0633