Income properties are bought or developed so the owner can earn income by renting/leasing the property or through price appreciation over time. There are many types of income properties an investor may consider including:

Single Family Investment Property
Second Home/Vacation Home Investment Property
Small Multifamily Investment Property
Large Multifamily Investment Property

Mixed Use Investment Property
Office Investment Property
Retail Investment Property
Industrial Investment Property
Land as an Investment Property 

Why buy income properties?
There are many benefits to income properties including developing a passive income stream and receiving tax deduction benefits. Read more about 5 benefits of Investing in Income properties.

If you are considering an income property in Redondo Beach income properties, Manhattan Beach income properties, Torrance income properties, Hawthorne income properties or other South Bay income properties, a knowledgeable local real estate agent will help you make the most of your income property purchase.

Share your income property desires with your agent and always give detailed information to your real estate agent about your likes and dislikes. Choose an agent who you can communicate well with so they can educate you about the market and successfully negotiate for your aims. 

The South Bay cities offer a unique beach community living experience in Los Angeles and a thriving need for good rental properties, both vacation and domestic. If you are planning to buy a South Bay Income Property the local market conditions will determine asking prices. Your agent will be the most help if they are an expert in your specific area and will also save you time in your income property search. Well connected Realtors may also have access to off-market real estate intelligence to help you snag the perfect investment property before it even hits the market.

Make a list of the features you're looking for in your income property and contact your agent today to begin your income property search!
 
Ever wonder why Redondo Beach is such a supportive place for community and small business? It might have something to do with the North Redondo Beach Business Association (NRBBA).

Each spring the NRBBA produces the annual Springfest event, held in the parking area of the Redondo Beach Performing Arts Center. From fun carnival rides to gourmet food trucks to vendor booths, South Bay families gather to mingle and enjoy the festivities. The organization also organizes the annual Dine Around event, giving locals an opportunity to 'taste test' many of the excellent dining options located on Artesia Boulevard in North Redondo Beach.

The NRBBA was founded to discuss issues, promote activities and help local business grow. This group of local business owners meets every second Thursday to discuss ways to help promote small business in the area. It’s a great opportunity to connect with other business owners, promote your local business and stay in the loop about news, events and activities in the North Redondo Beach area.

Want to get involved? It’s free to join and all you have to do is attend a meeting once a month, its that simple!

Date: Monthly — Every Second Thursday
Time: Coffee at 7:45 am  Meeting 8:00-9:00 am
Location: North Branch, Redondo Beach Library
Address: 2000 Artesia Blvd. Redondo Beach, CA 90278

If you have a business, consider adding it to the NRBBA online directory. Sign up and get your local business the exposure it needs.

North Redondo Beach Business Association

info@nrbba.org
www.nrbba.org
 
Your home can grow a gorgeous garden in sunny So-Cal if you choose the right plants. If you're landscaping your home, selecting easy to care for, drought-tolerant plants will keep your lawn and flower beds looking great. Perennial plants are those that live for more than two years, giving your landscaping more longevity. Here are 5 perennials to get started with:

California Fuchsia
This plant blooms brightly with orange-red tubular flowers. Dependent on hummingbirds for pollination, expect it to attract friendly winged visitors to your garden as well!

Sage
Sage comes in many sizes and forms and are good additions to well drained garden areas. You can choose culinary or ornamental varieties. Sages will flower with aromatic foliage and prefer full sun areas of your yard.

Mexican tulip poppy (Hunnemannia)
Similar to the California Poppy, this bushy plant can grow to 2 feet tall. The leaves are blue-green and it blooms with bright yellow flowers.

Red-hot poker (Kniphofia)
Also known as a torch lily, these flowering plants produce spikes of upright, brightly colored flowers that hover well above the foliage. Exotic looking, they will add pops of red, orange and yellow to your landscaping. The flowers are high producers of nectar, attractive to bees and hummingbirds.

Verbena bonariensis
Also known as a "purpletop", this is a tall and slender flowering plant with fragrant lavender flowers in tight clusters. It can grow to 6 feet tall and can spread to 3 feet wide, preferring full sun.
 
Redondo Beach is full of things to do, but finding something the whole family can enjoy can be a chore. Adults and children of all ages can appreciate the hands-on activities at the SEA Lab, owned and operated by the Los Angeles Conservation Corps.

Committed to educating local schools and the community on the importance of protecting marine life and our oceans, the SEA Lab has a number of educational packages for schools and field trips alike. During the summer they even offer a summer camp program which can be a low cost alternative to other more expensive camps.

Let’s face it, kids dig the ocean and they'll love an afternoon at SEA Lab! Entry is by a $2 recommended donation.

For more information about The SEA Lab and all it has to offer, check out their webpage and plan your next outing.

Details:
The SEA Lab is located at
1021 N. Harbor Drive,
Redondo Beach, CA 90277
Metered parking is available across the street on Yacht Club Way. 

Suggested donation of $2.00 per person or $4.00 per family.

SEA Lab hours of operation are as follows:

Tuesday - Friday: 9:00AM - 3:30PM

Saturday: 10:00AM - 4:00PM

We are closed every Monday & Sunday.

Hands-on facility tours are offered:
Tuesday - Friday at 1:00PM, 2:00PM and 3:00PM
Saturday: 10:00AM, 11:00AM, 12:15PM, 1:00PM, 2:00PM and 3:00PM


Join us every Saturday at 12:00PM for a public fish feeding! For $2.00 per tray of food, you can help feed our fish in our tidepool tank! Trays are subject to availability and are sold on a first-come, first served basis.


Groups of 10 or more should schedule a private tour ahead of time by calling 310-318-7438.
 
Looking out over the Pacific Ocean, amid a lush garden and surrounded by trees, Wayfarers Chapel resides in Rancho Palos Verdes. Made almost entirely of glass, the chapel allows visitors to look through its walls and take in all the nature surrounding it, including the ocean view.  Whether religious or not, the beauty of Wayfarers Chapel is for everyone to experience.

Completed in 1951, Wayfarers Chapel is the work of Lloyd Wright, son of pioneering architect Frank Lloyd Wright. It’s attributes were inspired by the theology of the Swedenborgian Church (which it is sponsored by) that focuses on connecting God’s natural world and the inner world of mind and spirit.

Wright saw the trees of the redwood forest and wanted to create a “tree chapel.”  While it is known as the “glass church,” the trees surrounding the chapel are a very prominent feature and are seen through the glass, forming living walls and a roof.

It is called “wayfarers” as an attribute to the travelers who could come and rest here.  Originally, when there weren’t freeways and easy road access, the travel to this church could take an entire day.  It is still applicable today even though it is more easily accessed, since we are all traveler’s to get to the church.  As Reverend Harvey Tafel says, we are also all traveler’s on the journey of life.

The chapel performs weddings, baptisms, and other services along with worship services.  In addition, they have a garden and visitor’s center for anyone that would like to stop by and see the chapel, taking in all the beauty that resides in and around it.
 
The process of shopping for a mortgage loan can be a somewhat daunting task. Whether you’re buying your first house or consider yourself a pro, it's good to educate yourself and know what the latest options. In a mortgage, the most popular home financing option, the house you buy acts as the collateral in exchange for the amount you borrow. Lenders in the current financial markets have many products, meaning there is a different type of mortgage for nearly every need.

The two main types of mortgages are fixed rate and adjustable rate. A fixed rate offers stability in a fixed interest rate over the term of the loan -- whether it's 10, 15, 20 or 30 years – as payments are always the same. During the early part of the loan, the majority of each payment goes toward paying off the loan's interest. In the latter part of the loan, the payments are paying off mostly the principal.

An adjustable rate mortgage (ARM) offers an adjusting interest rate that may increase or decrease within certain set period of time. The interest rates are tied to a market index, and as the market fluctuates, so will your monthly payment. The intervals of time in which the interest rate is adjusted are specified in the loan contract, and often times there are caps placed on how much the rate can increase. 

A hybrid ARM loan is a type of adjustable rate mortgage that start off with a fixed rate for a set amount of time before rates begin to adjust.

There are also two government-backed loans insured by a federal agency. An FHA loan is designed for first-time buyers and buyers with moderate or low income and is by far the most popular. The biggest benefit of an FHA loan is the low down payment (generally around three percent) and lower interest rates than standard fixed rate loans. If you qualify, VA and USDA loans are no-brainers, as no down payment is required.

If the most common types of mortgage loans don't fit your situation, look into interest-only mortgages, balloon payment mortgages, graduated payment mortgages (GPM), two-step mortgages, bi-monthly mortgages and bi-weekly mortgage options.
 
It's no secret that first impressions are important. So when it comes to your home, don’t overlook the impact of curb appeal on potential buyers and the value the exterior appearance can add to the sales price.

Adding curb appeal doesn't have to be expensive, time consuming or complicated. By addressing the basic curb appeal principles, you can create a warm, friendly and inviting atmosphere outside and a strong initial perception of what's left to see inside.

Remember, the outside of your home is the first thing a buyer will see. Try to view it from their perspective, and focus on improvements that will appeal to the greatest number of buyers.

The Entrance
Create a focal point by painting or refinishing your front door. Paint faded trim and molding, and replace worn hardware, light fixtures and house numbers. Add style and appeal to the entryway with symmetry and a blast of color in mind, such as potted plants and sidelights.

Lighting
Not everyone will see your home during the day. While also providing safety and security, lighting along the walkway is aesthetically appealing and leads guests to the front door. If installing wired lighting isn't an option, go for lower-voltage solar powered fixtures.

Do look down
The condition of the walkway and driveway can have a major impact on curb appeal. Remove weeds and overgrowth, and repair cracks or stains. Simply power-washing, resurfacing or resealing can sometimes do the trick. For major impact that adds value, replace concrete with pavers, stone or bricks for a custom feel, or use them to widen existing walkways.

Landscaping
Terrible landscaping is an automatic turnoff. Instead of rebuilding your landscaping, improve what you have by cleaning up weeds, overgrowth and dead plants; restoring color with new plants; adding mulch and defining perimeters. Focus on a mix of colors and sizes at the front of the yard, along the walkway and immediately in front of the house for dynamics that accent and frame your home.

Dress it up
Paint is inexpensive, but a few new coats can transform the look of a home. Along with obvious defects, give a fresh look to flower boxes, shutters, railings, trim and molding with accent colors for a quick and inexpensive facelift.
 
Staging your home and properly preparing your home for open houses can have a big impact on your final sale price. The goal of home staging is to present your property in the best light, while making it easy for potential buyers to envisions themselves living in the space. There are many expert home staging companies, but trying to choose one on your own can be a challenge. You want a professional stagier whose work has proven results. Your local, experience real estate agent can recommend which stagier's they use and can connect you with the best professionals for your home. Your real estate agent may also be a great referral source for other home maintenance professionals who can help you prepare your home for sale like the best contractors, plumbers, electricians and window washers.

Here are some home staging tips and ideas to get you started on making your house sell-ready:

Declutter Everywhere
And by declutter we mean move every single personal thing out of your place—knickknacks, kitschy decorations, souvenirs, tattered furniture. It all goes elsewhere for the sake of staging. When you look at knickknacks and collectibles you remember their sentimental value, but these items don't have the same impact on buyers who don't know you. Buyers want to be able to imagine themselves in your space and its easiest for that to happen if they don't see clothes in the closet, family photos and random tchotchkes.

Focus on Kitchens and Bathrooms
Your kitchen and bathrooms are key to the resale value of your home. Get these spaces thoroughly clean (maybe a maid service can go the extra mile here), expect prospective buyers to open cabinets and pantries so keep them under filled and organized, and think about how low cost upgrades could help these rooms. Maybe it's time for new cabinet knobs, new faucet fixtures or a new light. 

Knock Buyers' Socks off with Curb Appeal
Don't forget the exterior when staging your home. Replace any bad areas of grass with new sod. Add fresh top soil to flower beds. Consider potted plants for your porch or entrance. Trim bushes and trees to make your yard look neat and well maintained.

Grow your space with Mirrors
Well placed mirrors will make your living spaces look lighter, brighter and bigger just like magic. Put mirrors in places that help bounce sunlight around the walls. 

Don't forget your table manners
Simply setting the table can have a big affect on buyers. Seeing a nicely set table makes potential home buyers feel welcome. Similar effects can be achieved by using non-scented candles throughout the home, hanging nice hand towels in the bathrooms, setting a breakfast tray on the bed or putting a nice book on the coffee table. 

Play up Light
Open all window coverings all the way to allow people to better view your home in sunshine. Home buyers love big, bright rooms. Make sure your windows are clean inside and out and you've dusted your windowsills. 

Last but not least, Clean, then clean some more
A sparkling clean house gives buyers the impression your home has been well-maintained over the years. Knock down cobwebs, wipe counter tops, scrub grout, mop floors, wash light fixtures and repeat. Keep the space fresh and clean until it sells; a one-time cleaning won't be enough. You may want to consider hiring a weekly cleaning service once your house is staged. If it shortens your selling time, it’s money well spent.
 
Have you watched the Olympics beach volleyball games and wondered, “How did they get to be that good? ” Maybe you’ve even thought that you don’t have a chance of playing beach volleyball without embarrassing yourself since you can’t get the ball over the net.  For those in this situation, and for those that are just looking to improve their beach volleyball skills, don’t worry.  There is hope.

South Bay Volleyball began in 1997, training players to shape up and step up. Their experienced coaches hold classes, private lessons, jump training and leagues for interest players of all skill levels. Their latest program focuses on injury prevention, development of stronger cardio, balance, core strength, agility, and reaction training all specific to beach volleyball.

It’s a chance to enjoy playing with others who have the same passion and drive to learn and be better players, and to gain some of those skills and techniques that you’ve been watching.

Check their website and facebook for up-to-date class schedules and information.
 
For years people have been talking about those small communities in lands far, far away with centenarians who live in abject poverty with little to no health care…yet, somehow they are the happiest and healthiest people on the planet. Some say these people are considered lucky, even chosen.

Whatever you would like to call them, we know better now. It is not so much the people themselves that are unique but its how they live their lives as a community that really makes the difference. We call these collections of healthy humans, Blue Zones. This is not just  your typical group of gym buffs and protein blasting iron pumpers, no. This is a movement of people dedicated to a simple yet satisfying lifestyle, that has proven to improve the quality and quantity of your life.

So what is the Blue Zone Project exactly? It’s a community wellness initiative designed to improve the health and well being of your community by permanently changing the environment, policies, and social networks to create a happier and healthier place to live.

You might say ‘this all sounds great but fundamentally changing your very way of life sounds downright impossible.’ You’d be surprised at how simple it is to change with these steps to success the Blue Zone mentors call, The Power 9. These are 9 ways to simplify your life while improving your health and wellness and its gaining traction everywhere. The South Bay was one of the first areas in California to adopt this initiative and as a result, many local communities are following in their footsteps, perhaps even in your local community.

If you like the idea of improving your health and the health of your local community, you can learn more about the initiative and sign up at the Blue Zone Project’s web site, take the pledge and move forward with becoming a happier and healthier individual while helping bring your community with you on the road to wellness.

If you want to track the progress of your local community, check out Gallup-Healthways Well-Being Index.

Compass Realty Group