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1031 Exchange Manhattan Beach, California

 

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

Surrounding submarket Area

Manhattan Beach, California is a part of the El Segundo/Hermosa Beach/Redondo Beach Submarket submarket area, and contains zip codes 90266 and 90267.

Manhattan Beach Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Manhattan 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 Manhattan Beach, CA was 4.00%.

The total population of the city of Manhattan Beach, CA has grown 1.13% since 2010. As of 2018, the population was 35,532. The median household income of the Manhattan Beach was $150,083, which is 148.92% 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 $150,083
  • population (2018) 35,532
  • population growth 1.13%
  • vs. nat'l avg 148.92%
  • zip codes 90266 90267

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