1031 Exchange Hermosa Beach, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Hermosa Beach due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Hermosa Beach, California is a part of the El Segundo/Hermosa Beach/Redondo Beach Submarket submarket area, and contains zip code 90254.

Hermosa Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hermosa Beach, CA submarket area was $2,318, which is 20.35% higher than 2014 average rent. This represents a compounded annual growth rate of 3.77%. 2019 vacancy in Hermosa Beach, CA was 4.00%.

The total population of the city of Hermosa Beach, CA has decreased 0.21% since 2010. As of 2018, the population was 19,465. The median household income of the Hermosa Beach was $137,188, which is 127.54% higher than the national average.

  • submarket area El Segundo / Hermosa Beach / Redondo Beach Submarket
  • avg rent $2,318
  • rent growth 20.35%
  • vacancy 4.00%
  • median income $137,188
  • population (2018) 19,465
  • population growth -0.21%
  • vs. nat'l avg 127.54%
  • zip code 90254

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