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Redondo Beach, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$3,673
Monthly Cash Flow
-$4,627
Principal + Equity
$8,742
Annual Total Gain
$49,376
Cash on Cash
-15.27%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$266
Occupancy Rate
66.67%
Monthly Revenue
$3,695
Monthly Cash Flow
-$5,159
Principal + Equity
$8,742
Annual Total Gain
$42,991
Cash on Cash %
-17.03%
Net ROI %
Market Health & Growth
Median Income
$144,588
Population
69,814
LTR Renter %
46.64%
Forecast (1 yr)
1%
Appreciation (1 yr)
0.4%
Appreciation (5 yr)
34.24%
Appreciation (10 yr)
84.09%
Job Growth
-2.16%
LTR Rentability
Moderate
STR Demand
71
STR Rentals
397
Top Public Schools
ADa Vinci Science
ADa Vinci Communications High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Suburbs to Live in California
#3out of 526 markets
Best Suburbs to Raise a Family in California
#3out of 526 markets
Best Suburbs for Young Professionals in California
#11out of 526 markets
A
Public School
B-
Crime And Safety
C-
Housing
A
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Redondo Beach, CA.
In Redondo Beach, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permits: STR operators in Redondo Beach are required to obtain a Short-Term Rental Permit from the city. This permit must be renewed annually and failure to obtain a permit can result in fines and penalties.
2. Occupancy limits: The city has specific occupancy limits for STRs, which vary depending on the size of the property. It is important for investors to ensure that they comply with these limits to avoid any violations.
3. Noise regulations: Redondo Beach has strict noise regulations in place, especially during nighttime hours. Investors should ensure that their guests are aware of these regulations and take steps to minimize noise disturbances.
4. Parking regulations: STR operators are required to provide adequate parking for their guests. Investors should be aware of the city's parking regulations and ensure that their property complies with these requirements.
5. Transient Occupancy Tax (TOT): STR operators in Redondo Beach are required to collect and remit TOT on a regular basis. Investors should factor in this additional cost when calculating their potential rental income.
6. Home-sharing vs. vacation rental: Redondo Beach distinguishes between home-sharing (renting out a portion of the property while the owner is present) and vacation rentals (renting out the entire property). Investors should be aware of the specific regulations that apply to each type of rental.
7. Enforcement: The city of Redondo Beach actively enforces its STR regulations and violations can result in fines, penalties, and even the revocation of permits. Investors should ensure that they are in compliance with all regulations to avoid any legal issues.
Overall, investors looking to purchase a property for short term rental purposes in Redondo Beach should thoroughly research and understand the city's regulations to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Redondo Beach, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Redondo Beach, CA.
The LTR Genie Score of Redondo Beach, CA is 51, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is slightly higher at 59, suggesting a better potential for short-term rental or Airbnb properties in the area. The higher STR Genie Score could be attributed to the higher occupancy rate of 66.67% and revenue of $3695 for short-term rentals. On the other hand, the LTR Net ROI of 13.58% is higher than the STR Net ROI of 11.83%, indicating that long-term rental properties may provide a better return on investment in Redondo Beach.
Redondo Beach, CA is a coastal city known for its beautiful beaches, vibrant waterfront, and a strong sense of community. The city offers a mix of residential neighborhoods, commercial areas, and recreational amenities, making it an attractive location for real estate investors looking to capitalize on the tourism industry and the demand for rental properties.
Based on the metrics provided, Redondo Beach, CA seems to offer opportunities for both long-term rental and short-term rental investments. Investors may consider diversifying their portfolio by investing in both types of properties to maximize their returns. However, it is important to conduct thorough market research and analysis to identify the most suitable investment strategy based on individual goals and risk tolerance.
LTR Genie Score 64
$449,975
🛏 1 Beds🛁 1.0000 Baths🏙 709 sqft.🏠 CONDO
601 S Prospect Ave Unit 103, Redondo Beach, CA 90277