Just Sold and for Rent

By Dave Fratello | February 23rd, 2016

There's investor money in Manhattan Beach real estate, for sure. You see it all over.

When a home sells, then pops up at once for rent, there's a good chance that an investor bought it seeking a return of some kind. (Where else are you going to get a return these days?)

1641 21st Street Manhattan Beach CA1641 21st (3br/1ba, 1000 sqft.) is one we had to call a "starter home" for Manhattan Beach when it came to market in January. 

Just one bathroom? Just 1000 sqft.?

East of the highway?

What would that be worth?

List price was $1.349M. The sale closed for a trifling $1,000 more: $1.350M last week.

And now?

It's for rent for $6,000/mo.

Doesn't that say a lot about both the market for purchases and the rental market?

Please see our blog disclaimer.

Latest Listings Among
Manhattan Beach Homes For Sale