1031 Exchange Redondo Beach, California

 

Surrounding submarket Area

Redondo Beach, California is a part of the El Segundo/Hermosa Beach/Redondo Beach Submarket submarket area, and contains zip codes 90277 and 90278.

Redondo Beach Demographics & Economic Trends

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

The total population of the city of Redondo Beach, CA has grown 0.99% since 2010. As of 2018, the population was 67,412. The median household income of the Redondo Beach was $112,271, which is 86.21% 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 $112,271
  • population (2018) 67,412
  • population growth 0.99%
  • vs. nat'l avg 86.21%
  • zip codes 90277 90278

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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