Renting or Selling Your House: What's the Best Move in South Bay's Real Estate Market?

Are you at a crossroads, trying to decide whether to rent out your South Bay home or put it up for sale? This is a significant decision, and it's crucial to consider the unique aspects of the South Bay real estate market – encompassing vibrant communities like Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, and more. In this blog post, we'll explore the options of renting and selling your house, shedding light on the challenges of opting for a short-term rental in this region.

A Short-Term Rental Comes with Responsibilities

Opting for a short-term rental can seem like an appealing way to generate income from your property while retaining ownership. However, it's essential to recognize that being a short-term landlord comes with its share of responsibilities. With the steady stream of tenants coming and going, you'll need to invest time and effort into property management. This includes cleaning and maintenance between guests, handling inquiries and bookings, and ensuring a seamless experience for each renter.

South Bay Short-Term Rental Regulations

The South Bay region, known for its pristine coastal communities and stunning landscapes, also has specific regulations in place to manage short-term rentals. Each city, from Manhattan Beach to Torrance, may have different rules and requirements for short-term rentals. It's crucial to thoroughly understand the legalities involved, including any necessary permits or licenses, transient occupancy taxes, and compliance with zoning ordinances. Ignoring these regulations can lead to fines and other legal issues that could ultimately outweigh the benefits of renting. So, let’s dive in.

Are Short-Term Rentals Allowed in Manhattan Beach?

 Yes. Municipal codes are ever-changing and most recently, the Manhattan Beach Court of Appeal issued an opinion that the City's ban on short-term rentals does not apply to properties within the Coastal Zone. However, short-term rentals are still banned outside of the Coastal Zone.

Are Short-Term Rentals Allowed in Hermosa Beach? Yes. Short-term vacation rentals shall only be permitted in nonconforming residential dwellings on properties zoned C-2, C-3, SPA 7, SPA 8 or SPA 11.

Are Short-Term Rentals Allowed in Redondo Beach? No. Short-term rentals are allowed in the city of Redondo Beach.

Are Short-Term Rentals Allowed in Torrance? In residential zones, short-term rentals are permitted in residences solely as a home share with a host living onsite.

Selling Might Have a More Favorable Return on Investment

Selling your house, on the other hand, might provide you with a more straightforward path forward. The demand for homes in the South Bay real estate market remains strong, and a well-timed sale could secure you a favorable return on your investment. To decide if selling your house is a better alternative, it's crucial to have a deep understanding of the current market conditions and trends specific to your neighborhood.

Let's Connect Today

If you find yourself at this crossroads, don't navigate it alone. Reach out to us to discuss your options further. Our team possesses an in-depth knowledge of the South Bay real estate market, from Manhattan Beach to Torrance. We can help you evaluate the market conditions, analyze your property's potential as a rental, and provide insights into the benefits of selling.

Remember, converting your home into a short-term rental isn't a decision you should make without doing your research. It's our goal to empower you with the information you need to make the best choice for your unique situation. Let's connect today to start the conversation and guide you toward the path that aligns with your goals.

Contact us at (310) 341-2017.