CHARLES FISHER
1401 Highland Avenue Manhattan Beach, CA 90266 Each Office Independently Owned and Operated.
REALTOR® | CalBRE# 01731424
310-902-7214
INVESTMENT PROPERTY REPORT
HAWTHORNE INVESTMENT PROPERTIES
charles@fisherrealestate.com www.FisherRealEstate.com
JULY 2018 Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | © 2018
Visit www.FisherMultiFamily.com for current market activity, community information, and more.
HOW TO SELL AN INVESTMENT PROPERTY AND MAKE A KILLING! Even though you’ve used the property as an investment, it may attract actual buyers who want to live there in addition to landlords and investors. In fact, if your investment property has renters in it already, you will probably want to give them the option to buy the place since they might prefer to stay put and be happy to pay for the privilege, which also makes your job easy!
The Market is Changing
massive repairs
tax liability
better return elsewhere
If the hood is hot, and you’ve made a pile of cash, it could be a good time to take your money and run. Conversely, if a neighborhood is deteriorating, you might want to get out before it falls too far.
If the property you have invested in is due for a major assessment. If substantial repair work is needed, or you just don’t want to put the energy into it, it’s likely a good time to move on.
Owning an investment property can bump you up a tax bracket. That’s a good reason to sell, especially if you have no interest in being a landlord. You also should take note of potential expiration of tax abatements.
Most important, consider your options. If you have held a property for many years, it has likely increased in value, which can allow you to sell and diversify into an emerging neighborhood or multifamily home.
Johnathan and Angela-Marie, While your exact profits will vary widely depending on your market, it is smart to work with a trusted advisor to figure out how taxes and other factors will affect your sale. Call me today at 310-902-7214 to see how I can get you the most for your investment. Source: www.realtor.com/advice/sell/how-to-sell-an-investment-property
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams
CHARLES FISHER
HAWTHORNE INVESTMENT PROPERTIES
REALTOR® | CalBRE# 01731424
310-902-7214 charles@fisherrealestate.com www.FisherRealEstate.com
Johnathan and Angela-Marie, If you want to know what your property would sell for in today’s market, contact me today at 310-902-7214.
BUY - SELL - EXCHANGE INCOME PROPERTY REPORT
Hawthorne Investment Property Market Report
Active
13 INVESTMENT PROPERTIES LISTED IN YOUR AREA
Pending
Status
Number Of Units Total
Year Built
List Price*
Active Active Active Active Active Active Active Active Active Active Active Active Active
2 2 3 4 3 3 3 5 4 3 4 4 6
1940 1965 1941 1952 1947 1957 1967 1948 1962 1988 1964 1963 1961
$695,000 $736,000 $949,900 $950,000 $999,999 $1,280,000 $1,395,000 $1,399,000 $1,449,000 $1,599,000 $1,599,000 $1,800,000 $2,300,000
Sold A visual representation of the MLS data on the left. For more information or additional statistics, call me.
There are currently 8 investment properties pending in your area. For more information on any of these listings, please call me.
4 INVESTMENT PROPERTIES SOLD IN THE LAST 30 DAYS IN YOUR AREA Status
Address
Sold Sold Sold Sold
4383 W 137th Street 4456 W 137th Place 5300 W 119th Place 13219 Doty Avenue
Number Of Units Total
Year Built
List Price*
Close Price*
Close Date
7 4 2 10
1962 1963 1941 1990
$1,750,000 $1,250,000 $820,000 $2,999,000
$1,750,000 $1,290,000 $815,000 $2,900,000
05/30/18 05/24/18 05/18/18 05/15/18
Charles Fisher, and RE/MAX Estate Properties are not in any way affiliated with any Hawthorne Homeowners Associations, nor is this in any way an official advertisement or publication of Hawthorne. © 2018 All rights reserved. This representation is based on data reported from May 12th, 2018 through June 12th, 2018 by multiple brokers/agents to the Combined Los Angeles/Westside MLS (CLAW). This information is not intended to represent any existing listings but is general marketing information based on CLAW data, however, neither RE/MAX Estate Properties, nor the CLAW MLS guarantees the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor is it intended to cause or induce a breach of an existing agency agreement. *Indicates a number rounded to the nearest 1,000.
© 2018 Google
AT A GLANCE PAST 30 DAYS
AVERAGE ACTIVE LIST PRICE $1,319,377
AVERAGE SOLD PRICE $1,688,750
AVERAGE SP/LP RATIO 100%
AVERAGE DAYS ON MARKET (SOLDS) 57