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Recently I began marketing a triplex requested to be off the MLS by my clients. It is their longtime owned triplex in the Hermosa Beach Sand Section. Well located south of the Pier, it is in a prime position sandwiched between the Hermosa downtown scene and the proposed Redondo Beach Pier redevelopment. It is always tricky selling cash flow real estate by the beach because, well, it rarely cash flows. But we believe this property is compelling for an owner/user or a shrewd investor looking to cash flow now and develop in the future. First, take a look at a quick 15-second clip of the triplex from an awesome drone shoot… Our team believes the property
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If you have followed my blog over the last 18 months, you know now that I love writing about new construction in north Redondo. It is easy to compare and fun to watch the market run. Those who follow the market closely know that a couple years ago brand new construction three-on-a-lot town homes were all the rage going from $700,000 to topping $1 million in just a few short years. But in a recent post, (You Can Have One or Six), things look to be plateauing due to inventory supply and buyer fatigue on record pricing quarter after quarter. Trends can change very quickly in real estate, and the market reaction has been swift in
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A topic near and dear to my heart is the art and science of pricing. The biggest, most established agents claim they can sell your property because they can afford the most in marketing/advertising and have hundreds if not thousands of connections. The smaller, less established agents claim that since you are their one and only listing that they will hustle and dedicate 12 hours a day in the pursuit of selling the property through cold calls, door knocking, and letting every single person and agent in the local area know your home is a great buy.  Some of that matters and we can save that argument for another day, but the most important factor in
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