6 Reasons why Manhattan Beach Real Estate is a Great Investment

While it may not have the name recognition of its neighbors, Manhattan Beach real estate is seeing a huge surge in recent years—for good reason. Located on the coast with 2 miles of beautiful beach, Manhattan Beach homes for sale are being purchased faster than they can even hit the market.

 

With a beautiful climate, lots to do, and housing prices continuing to beat the national average, Manhattan Beach may be the perfect investment opportunity for you. If you have always dreamed of owning Manhattan Beach real estate or living on the water, your dream could be more attainable than ever before.

The US has seen a difficult job market within the past few years, with national unemployment rates rising as high as 14%e. However, those interested in Manhattan Beach real estate don’t need to worry as much—less than 4.5% of Manhattan Beach residents faced employment issues by the end of 2021, with the national average being closer to 5%. California has been investing a lot in the employment and well-being of its citizens, and it is paying off. 

 

Whether you’re looking at Manhattan Beach real estate for yourself as a home, to flip, or to rent, unemployment should not be a consideration!

The United States has been experiencing a seller’s market for quite some time now, and Manhattan Beach homes for sale are no exception. At the end of 2021, the area set yet another record, this time with median home prices rising. The average median home in Manhattan Beach is now $2.9 million, with these numbers continuing to rise and grow.

 

Investing in Manhattan Beach real estate is a smart choice for many people because they realize inventory isn’t going to change, and the seller’s market is likely to continue within the next few years as more and more people are looking to purchase a home.

One of the many reasons people search out Manhattan Beach real estate isn’t to find a home to live in but instead to invest in a rental property. Over 28% of the houses in the Manhattan Beach area are actually rental units, with the median gross rent from 2016 to 2020 being over $2,500. That number is just going up, as well. This makes Manhattan Beach homes for sale a great way to expand your portfolio. An Experienced Manhattan Beach Real Estate agent can help by giving you tips for buying beach rental property. 

 

Even if you have never considered being a landlord, it is a great investment for your future. Not only does it give you an additional stream of revenue, but you will also see many end-of-year tax benefits. Did you know mortgage interest, as well as any expenses you incurred while acting as a landlord, will get you a deduction on your taxes? 

Some investors look to Manhattan Beach real estate not to become landlords of long-term tenants or to live in themselves but for vacation homes. It’s no wonder, either—Manhattan Beach has long been a desirable vacation destination.

 

Located on the coast, Manhattan Beach has many things to offer visitors, including 2 miles of pristine beaches and ocean views. There are over 100 volleyball nets tucked in the sand as well, offering visitors the classic California beach experience. The downtown area offers quaint shopping and boutiques with seaside views, as well as great local coffee roasters, locally-owned restaurants, and art galleries.

 

Over 3.5 million people visit Manhattan Beach annually. If you’re one of them or you want to capture this market, perhaps an investment in one of the Manhattan Beach homes for sale could be worthwhile!

Perhaps your dream isn’t to be a landlord or own a vacation rental. Instead, you are looking at Manhattan Beach real estate for your own home, to raise a family, or just settle down into retirement.

 

This area has a lot to offer long-term residents. Because it is so close to the Pacific ocean, the average temperature year-round is just under 70 degrees. The school systems have also won awards for their stellar education programs over the years. If you’re considering Manhattan Beach homes for sale to raise a family in, you can rest assured there’s a lot for you.

There is shopping, entertainment, and dining all within the town itself. You never really need to leave if you don’t want to, though if you need to, it’s just a short drive to Los Angeles International Airport and just 20 miles to Downtown LA.

Looking not just at the benefits of Manhattan Beach real estate, but real estate in general, property investments tend to be much lower risk than putting your money in the market and hoping for the best. This is especially true with the current economic and world climate, where a lot of uncertainty lies.

 

Manhattan Beach homes for sale are investments in that they will always be needed. Stocks, bonds, and collector items don’t hold the same need as a roof over your head and places to build your business. If you own $1 million in stocks and that business goes under, you have lost all of your investment. However, that same money put into real estate, especially in the hot Manhattan Beach real estate market, will always hold some value. 

 

This is the main reason investors who are looking for low-risk, high-reward long-term investments choose real estate. There’s a security to real estate investing that simply doesn’t exist in most other situations.

Are you thinking of making the jump on a beautiful Manhattan Beach real estate investment property? Whether you’re building a future for your family or looking to expand your portfolio, there has never been a better time to invest in the area. Don’t hesitate to reach out to the experienced professionals at EVJ Homes to get started on your investment journey today. There are Manhattan Beach homes for sale waiting for you to look at today!

_{*Header Image courtesy of EVJ Homes}