Laurie Manny » Belmont Heights

Belmont Heights Market Report – Long Beach California

lauriemanny — Tue, 06 Apr 2010 22:30:50 +0000

Belmont Heights Market Report

Long Beach California

January 1, 2010 – April 6, 2010

Belmont Heights is a lovely, eclectic mix of early century homes, low rise condos, smaller apartment buildings (including some fabulous Spanish duplexes), restaurants, coffee shops, funky stores, galleries and a nice mix of neighborhood friendly small business. Just blocks from the bluffs, overlooking the harbor, the beach, and a short walk into Belmont Shore, Belmont Heights is a tree lined Long Beach Community developed in the early 20th Century, and a great place to call home. Many of the neighborhood homes were originally built as summer cottages mostly between 1905 and 1939, later becoming year round residences. More bungalow style homes can be found here than in any other community of Long Beach. Read More>>>

Real Estate Sales in Belmont Heights 1/1/2010 – 4/6/2010

Belmont Heights Homes – Sales 2010

There are currently 52 Homes for sale in Belmont Heights and Alamitos Heights, ranging in price from $330,000 to $2,799,999.

Average Price: $902,953
Average Days on Market: 110

12 Belmont Heights Homes are in escrow, accepting Back-Up offers.

Average Price: $777,491
Average Days on Market: 91

10 Belmont Heights Homes are Pending in escrow:

Average Price: $684,480
Average Days on Market: 97

107 Homes in Belmont Heights closed escrow year to date.

Average Price: $665,360
Average Days on Market: 87

Belmont Heights Own Your Own and Coop Sales 2010

No Coop’s or OYOs sold in Belmont Heights in 2008. No Coop’s sold in Belmont Heights in 2009. Lagging sales in the OYO and Coop sector were and still are a direct result of the difficulty in obtaining financing for OYO’s and Condos. Most sales in this sector are all cash.

Long Beach Own Your Owns-OYO-OYOs-in Long Beach - The OYO-Own Your Own form of ownership is a constant source of confusion for many buyers of Long Beach real estate, here you will find a simple explanation.

Long Beach Stock Cooperatives – Stock coops are another misunderstood form of ownership, here you will find a simple explanation.

No Stock Co-op sales in 2010

1 Belmont Heights OYO is in escrow, accepting Back-Up offers.

Listing Price: $108,000
Days on Market: 98

1 OYO in Belmont Heights closed escrow year to date.

Average Price: $75,000
Average Days on Market: 38

Belmont Heights and Alamitos Heights Condo Sales 2010

There are 52 Belmont Heights Condos For Sale ranging in price from $89,900 to $825,000.

Average Price: $332,602
Average Days on Market: 76

12 Belmont Heights Condos are accepting Back-up Offers

Average Price: $280,566
Average Days on Market: 116

11 Belmont Heights Condos are Pending in Escrow

Average Price: $314,690
Average Days on Market: 51

23 Belmont Heights Condos have closed escrow year to date.

Average Price: $327,391
Average Days on Market: 84

Belmont Heights Income Properties – Sales 2010

There are 21 Belmont Heights income properties for sale, ranging in price from $469,000 (duplex-306 DOM) to $16,900,000 (74 units-279 DOM ).

Average Price: $1,799,752
Average Days on Market: 177

1 Belmont Heights Income Property is currently accepting Back Up Offers.

Average Price: $299,000
Average Days on Market: 112

7 Belmont Heights Income Properties are Pending in escrow.

Average Price: $823,614
Average Days on Market: 97

6 Belmont Heights Income Properties Sold year to date.

Average Price: $723,770
Average Days on Market: 46

Belmont Heights Real Estate For Sale – Long Beach California

Feed is updated on a regular basis:

Click here to view the embedded video.

(Direct feeds from the Southern California MLS)

Belmont Shore and Naples Island Luxury Real Estate For Sale

Long Beach Homes For Sale

Long Beach Condos For Sale

Long Beach Income Properties For Sale

Contact us for further information on any of these Long Beach properties (562) 212-5420. It will be our privilege to assist you in your next real estate purchase.

Belmont Heights Homes – Sales 2010

There are currently 52 Homes for sale in Belmont Heights and Alamitos Heights, ranging in price from $330,000 to $2,799,999.

Average Price: $902,953
Average Days on Market: 110

12 Belmont Heights Homes are in escrow, accepting Back-Up offers.

Average Price: $777,491
Average Days on Market: 91

10 Belmont Heights Homes are Pending in escrow:

Average Price: $684,480
Average Days on Market: 97

107 Homes in Belmont Heights closed escrow year to date.

Average Price: $665,360
Average Days on Market: 87

Belmont Heights Neighborhood of Long Beach California Resource Guide

lauriemanny — Sat, 04 Jul 2009 14:29:32 +0000

BELMONT HEIGHTS REAL ESTATE – LONG BEACH REAL ESTATE

Belmont Heights – Long Beach California

In Belmont Heights you will find a wonderful array of beautifully crafted Long Beach homes in many styles; the Craftsman Bungalow predominating with about 2/3 of the homes in the area. Other home styles found in the Belmont Heights neighborhood are:

Victorian 1890s – 1910
Craftsman Bungalow 1905 – 1922
Mission Revival 1915 – 1925
Spanish Colonial Revival 1925 – 1939
Tudor Revival 1920s
Neo-Traditional 1930 – 1940s
Streamline Moderne 1930s
Mediterranean

Belmont Heights boundaries are Ocean Boulevard (and Livingston Drive) to the south, Redondo Avenue on the west, 7th Street to the North, and Cherry Avenue to the east.

Belmont Heights Historic District boundaries are approximately Newport Avenue on the West; 7th Street on the North; Roswell Avenue on the East; and 4th Street on the South. Map of the Belmont Heights Historic District

If you are considering relocating to Long Beach, Belmont Heights would be a great consideration. Affordable and beach close, convenient to all area amenities and freeway close this would be a smart choice. We are about 20 minutes south of Los Angeles Airport – LAX, about 20 minutes North of John Wayne Airport in Irvine and even have our own airport. Long Beach Airport is a major hub for Jet Blue Airlines (my personal favorite) and is extremely easy to fly in and out of. The City of Long Beach has great employment opportunities; the Port of Long Beach being the largest. We have a little something for just about everybody.

If you are thinking about relocating to Long Beach feel free to contact me for further information.

Other Long Beach Resources

Great Local Restaurants

Christys Restaurant 3937 East Broadway
Lashers Restaurant 3441 East Broadway
Cafe Piccolo 3222 East Broadway
Belmont Brewing Company 25 39th Place
La Palapa Del Mar 4020 East Olympic Plaza

Unique Coffee Shops

The Library 3412 East Broadway
Portfolio Coffee House 2300 East 4th Street

Local Schools located in the Belmont Heights Community:

The following schools are part of the Long Beach Unified School District.

Elementary Schools
- John C. Fremont Elementary School, 4000 East 4th Street
- Lowell Elementary School, 5201 East Broadway
- Horace Mann Elementary School, 257 Coronado Avenue

Middle Schools
- Jefferson Leadership Academies, 750 Euclid Avenue
- Will Rogers Middle School, 365 Monrovia Avenue

High School
- Woodrow Wilson Classical High School, 4400 E. 10th Street

Libraries

Long Beach Library-Alamitos Branch 1836 East 3rd Street, Long Beach
Long Beach Library-Bay Shore 195 Bay Shore Avenue, Long Beach
Long Beach Library-Brewitt Branch 4036 East Anaheim Street, Long Beach
Long Beach Library-Senior Center 1150 East 4th Street, Long Beach
Long Beach Library-Mark Twain 1325 East Anaheim Street, Long Beach

Grocery Stores

Vons 3900 East Ocean Boulevard, Long Beach
Ralphs 2930 East 4th Street, Long Beach
Albertsons 644 Redondo Avenue, Long Beach
Ralphs 3210 East Anaheim Street, Long Beach
Ralphs 5760 East 7th Street, Long Beach

Important Phone Numbers

Fire/Police/Medical Emergency 911
Non-Emergency Police 562-435-6711
Non-Emergency Fire 562-570-2500
Gas Emergency 562-570-2140
Long Beach Water 562-570-2390
Sewer/Storm Drains 562-570-2390
Graffiti Hotline 562-570-2773
Shopping Carts 800-252-4613
Code Enforcement 562-570-6421
Trash Collection & Recycling 562-570-2876
Traffic Signals 562-570-2768
Parking Meters 562-570-2741
Street Lights 888-983-2000
First Council District 562-570-6919
Second Council District 562-570-6684
Neighborhood Services 562-570-6866
Neighborhood Watch 562-570-7229
Apartment Watch 562-570-7160
Business Watch 562-570-7274
Noise Abatement 562-570-4126
Urban Forestry Program 562-570-5221
Neighborhood Clean-Up 562-570-5221
City Light & Power (for burned out street lights) 562-983-2000
Neighborhood Leadership Program 562-570-1010
Community Development 562-570-6841

Relocating to Long Beach-Resource Guide

Real Estate for sale in Belmont Heights – Long Beach California

Click here to view the embedded video.

(Direct feeds from the Southern California MLS)

Belmont Shore and Naples Island Luxury Real Estate For Sale

Long Beach Homes For Sale

Long Beach Condos For Sale

Long Beach Income Properties For Sale

Contact us for further information on any of these Long Beach properties. It will be our privilege to assist you in your next real estate purchase.

Belmont Heights Open House-3935 E Livingston-Sunday-January-11-2009-Long Beach Condos For Sale

lauriemanny — Tue, 06 Jan 2009 20:57:21 +0000

BELMONT HEIGHTS OPEN HOUSE

Long Beach Condo with Peek-A-Boo Ocean Views

3935 E Livingston Drive

Belmont Heights – Corner of Termino and E Livingston

Long Beach, CA 90803

OPEN HOUSE SUNDAY JANUARY 11, 2009 – 10 AM Until 5PM

Light and airy Belmont Heights Condo is a front corner upper unit with a nice open floor plan, hardwood floors and a wide expanse of windows to enjoy peek-a-boo ocean views and sultry ocean breezes.

Located within a short walk of Belmont Shore shops and restaurants this lovely Long Beach condo is just 2 short blocks to the sand and the Belmont
Pier. Walk over to the Belmont Brewing Company for a great sunset dinner or to La Palapa for dinner and light entertainment. Head into the very trendy Belmont Shore for shopping, entertainment and the many great restaurants on Second Street or walk up to Broadway for a fantabulous java fix at the Library Café, it’s all just a short walk from home. Not in the mood to go out? Swing by the nearby newly renovated Vons supermarket and pick up fixings to barbeque on the patio for a nice quiet dinner at home.

2 Bedrooms (Front Bedroom has Peek-A-Boo Ocean Views)
1 Bath
969 Sq Ft
Built 1952
HOA $173
Living Room (has Peek-A-Boo Ocean Views)
Dining Room (Peek-A-Boo Ocean Views)
Large Kitchen with lots of Windows (Peek-A-Boo Ocean Views)
Hardwood Floors
Crown Molding
Central Heating
Air Conditioning in Living Room
Newer Triple Pane Windows
Kitchen features corian
countertops
Ceiling fans
Private garage
Window Coverings

More Photos and information

Offered at: $399,000

View Map

Please join us

OPEN HOUSE SUNDAY JANUARY 11, 2009 – 10 AM Until 5PM

For further information or to request a private showing contact:

Laurie Manny (562) 212-5420 or Wendy Rich-Soto (562) 606-4040 Co-listing agents.

244 Redondo Avenue

Belmont Heights

Long Beach, California 90803

[ListingPress searchby="Zip" zip="90803" beds="2" baths="1" proptype="single-family" dom=">1" /][ListingPress searchby="Zip" zip="90803" beds="2" baths="1" proptype="single-family" dom=">1" total="10" /][ListingPress searchby="Zip" zip="90803" beds="2" baths="1" proptype="single-family" dom=">1" total="3" /]

Long Beach California Luxury Home Market Update

lauriemanny — Sat, 18 Oct 2008 00:27:20 +0000

Long Beac h California is home to the West Coasts most affordable beach real estate. Set in sunny Southern California we enjoy moderate temperatures year round, sweet ocean breezes and a resort atmosphere. With our purchase prices so reasonable is it any wonder snowbirds are flocking here? Palm Desert, 2 hours inland, is fantastic, but nothing compares to luxury oceanfront property and the beach is just more fun!

Long Beach has an endless array of entertainment to suit any lifestyle or age from water-sports to nightlife, theater and fine dining. This is the perfect place to do everything, do nothing or to just go fly a kite!

Yes we have golf courses! Long Beach is centrally located making access to all Southern California golf courses just a short drive.

Long Beach is conveniently located just 20 minutes south of Los Angeles International Airport (LAX), 20 minutes north of John Wayne Airport (SNA) in Irvine, and home to our own Long Beach Airport – which we love. We are also just a 20 minute drive into Downtown Los Angeles – in case you were thinking about catching a Lakers game; attending a concert at the fabulous Staples Center or a performance at our beautiful Music Center. Fantabulous and incomparable, 8 time Grammy award winner, Tina Turner
is performing at the Staples Center as I write this, had I known that ahead of time I would be there tonight singing along……..What’s love got to do with it? La la la… Gotta love that woman!

Did I say we were centrally located? A 2 hour drive north will find you in beautiful Santa Barbara. Head north just a little further and enjoy a day, or a romantic weekend, in wine country. A leisurely drive south will take you into lovely San Diego. Catch a Padres game or spend a day at the San Diego Zoo or perhaps SeaWorld with the family then head into the Downtown San Diego gaslight district for a delicious dinner and some relaxing down time.

Surfer? 10 minutes to surf city – Huntington Beach, where you will catch some of the finest waves on the west coast.

Long Beach is slated to become the new home of the largest movie studio in California. A deal has been struck to take over the Boeing facility near the Long Beach airport. This will infuse new life into Long Beach and will certainly attract celebrities to our lovely waterfront homes and high rise condominiums. How could they resist? You never know who your new neighbor may be!

Did you know that Hollywood got its start in Long Beach? Long Beach was known as the motion picture capital of the world until post World War I when Hollywood developed around the glitz of the era. With its perfect Southern California climate, Long Beach afforded the perfect setting for the industry. There were eight film houses, two stock companies, roller-coasters and bath houses at the historic Pike, along the shore of Downtown Long Beach. This was the home of the Balboa Amusement Production Company, the world’s most prolific silent-film studio. W. C. Fields and other stars lived in beautiful mansions in the Bluff Park neighborhood along Ocean Boulevard and First Street, many of which remain in the families to this day.

Speaking of historic districts, Long Beach has 17 of them, California Heights being the largest. We love our historic homes here. You can find out more about the history of Long Beach here as well.

Redevelopment in Alamitos Beach and the bustling Downtown Long Beach communities has birthed fabulous luxury high rise condominiums with endless ocean views, Manhattan style lofts and many fabulous new dining opportunities.

The luxury home market is generally a cash market. Brian Brady’s 2009 Real Estate Market outlook predicts that disappearing jobs and financing will likely drive the price of luxury properties down in our waterfront and higher end communities. While that is tragic for the owners of these Long Beach properties it is an incredible opportunity to purchase the Long Beach home, condo or vacation property you, the buyer has been waiting for.

The Long Beach real estate market has gone through several tumultuous years, this winter is certain to be a difficult time for sellers of Long Beach luxury homes, condos and income properties. FHA loan limits, currently capping at $729,750 for single family home purchases are slated to be decreased to around $625,000 on January 1, 2009. Decreasing buyer purchasing power is certain to affect prices in the mid-market range of $700,000 to about $1,000,000.

What does this mean for sellers? If you are planning on selling, you should plan on closing your escrow before the end of the year and should price it to do so. It would be our pleasure to provide a home value assessment.

What does this mean for buyers? This is an incredible opportunity to purchase your new home at an incredible price.

International buyers are flocking to the United States to purchase real estate at our current depressed prices, there is limited financing for foreign nationals, most are purchasing with all cash. Long Beach prices have become very attractive to these buyers. You can start your search for Long Beach homes here. VIP service is provided with the ability to set up custom searches with an automatic email alert system.

If you are interested in purchasing a Long Beach luxury oceanfront home or a high rise luxury waterfront condominium, this winter is the time to make that purchase. It would be our pleasure to assist you.

Long Beach California City and Relocation Resource Guide

Long Beach Homes For Sale

Long Beach Condos For Sale

Long Beach Income Properties For Sale

Long Beach Real Estate Sales-Market Update: October 5, 2008

lauriemanny — Mon, 06 Oct 2008 05:59:59 +0000

Long Beach Real Estate Sales-Market Update: October 5, 2008

Through September 30 2008

The Long Beach real estate market closes sales for the month of September with the average purchase price down 16% from year end 2007. The average sold price of residential real estate in Long Beach for year end 2007 was $543,770, end September finds the average sale price of residential at $454,208 with a small increase in the number of days on market; that is a decrease in average sale price of $89,562, which is substantial. The volume of Long Beach home and condo sales has dropped this month after steady growth throughout the year.

1/1/2008 thru 9/30/2008

1745 Residential Long Beach Properties sold; homes, condos, coops, lofts, OYOs
2008 Average Long Beach Residential Sale Price $454,208
2008 Average Residential Days on Market: 79

1/1/2007 thru 12/31/2007

2614 Residential Long Beach Properties sold; homes, condos, coops, lofts, OYOs
2007 Average Residential Sale Price $543,770
2007 Average Days on Market: 66

The government bailout, meant to stimulate the economy and real estate market, seems to have had an opposite effect across most of our nation. Prices are down to a very affordable level, interest rates have remained low, loans are still available and there is plenty of inventory to choose from. 100% financing and most government assisted down payment plans have dried up, stated loans are toast as well, the FHA is offering loans with 3.5% down payment at very reasonable interest rates (if you qualify), which is very reasonable – its really not a bad time to buy. Ask the wealthy why they are out buying 2nd, 3rd and 4th homes; vacation homes are selling- they are a good investment right now. They are buying because it is smart to buy low and sell high.

Today I spent time reading on one of my favorite national real estate social networks. Fellow Atlanta Realtor, Jim Crawford asked the question “Has your market slowed to a crawl or died?” Realtors from across the nation have steadily been reporting in with the skinny from their real estate markets. In a nutshell, the impending bailout, the actual bailout and the impending election seem to have buyers frozen in place for the last several weeks. Fear seems to be ruling the day.

Waterfront and ocean close homes and condos in Long Beach are experiencing average sale price of about $635,000, 88 DOM, for 2008 thru end of September, with approximately 350 closed sales. Compared to 2007’s average sale price of $665,155, 74 DOM, about 650 closed sales for the year. While these highly desirable Long Beach homes and condos are selling well above the average for our city, they are down, although prices are holding near the beach a lot better than they are further inland.

We try to keep our Long Beach neighborhood real estate market reports updated monthly or bi-monthly, as time will allow. These are a great resource for buyers and sellers of Long Beach properties, and contain valuable statistics to better assist in your real estate decisions. We know those decisions are important ones and want you to have the most current information at your fingertips. If the information you require cannot be found here, please do not hesitate to ask.

Potential buyers are shopping and are looking for a great deal. Today’s buyer wants to see a lot of properties before making a final decision. Often the very deal they are seeking will come across early in their search. Reluctant to write an offer until they assure themselves that they have acquired the very best deal available on the market, they are hesitating too often and losing that deal only to find there isn’t another on par with it available. Many Long Beach buyers give up their home search disillusioned at what their dollar will actually purchase.

Personally I blame the media and the bubble bloggers. Many buyers have an unrealistic idea of what their money will actually buy. $300,000 will not buy a home that is worth $500,000, it never did. What is available in the $300,000 range are mostly bank foreclosures and the homes mostly need work. It is unrealistic to expect to find a completely remodeled, turnkey home available in that price range foreclosure or otherwise. Does it happen? Yes, rarely. So 100 buyers sitting on the sidelines waiting for that 1 home to come available and when it does they don’t want to offer more than the asking price, they are usually working with a 3.5% FHA down payment and in sweeps an investor with all cash who closes the deal in 10 days. Most of today’s buyers are unequipped financially to handle the upgrades and repairs necessary on foreclosed homes, which can be substantial; that is why the bank is selling them in AS IS condition. Lets keep in mind that $300,00 for homes in Long Beach is really a great price when they are available.

Read Also:

Long Beach Real Estate – Closed Sales

January – September – 2008

2008	Homes	Condos	Lofts*	Co-ops	OYOs	2-4 Units	5+ Units	TOTAL
JAN	72	40	2	1	0	9	6	130
FEB	94	32	2	1	1	17	6	153
MAR	107	48	2	1	0	17	4	179

1/4 ttl	273	120	6	3	1	43	16	462

APR	137	56	1	3	0	21	6	224
MAY	164	59	1	4	0	28	7	269
JUN	160	60	1	2	4	24	8	259

2/4 ttl	461	175	3	9	4	73	21	746
YTD Subttl	734	295	9	12	5	116	37	1208

JUL	183	67	1	0	1	31	8	291
AUG	181	74	0	1	4	26	3	289
SEPT	139	63	0	1	0	22	4	229

3/4 ttl	503	204	1	2	5	79	15	809
YTD Subttl	1237	499	10	14	10	195	52	2017

OCT
NOV
DEC

YTD TOTAL

* Lofts include Loft Live and Work spaces

For a little perspective, here is a comparison of the last 4 years for the same time period.

Long Beach Real Estate – Closed Sales

January – September – 2005 – 2008

YEAR	HOMES	CONDOS	LOFTS*	CO-OPS	OYOs	2-4 UNITS	5+ UNITS	TOTAL
2008	1237	499	10	14	10	195	52	2017
2007	1380	714	18	12	17	258	68	2467
2006	1795	924	15	15	56	464	84	3353
2005	2304	1184	9	19	120	664	239	4539

* Lofts include Loft Live and Work spaces

Disclaimer: Statistics are as represented in the SoCalMLS and are not the representations of the author.The numbers represented above are only as good as the information input into the SoCalMLS by the listing agents. If (in my opinion, may be the case) some listings of lofts, co-ops and OYOs were input as condos, then they are reflected as condo sales here. Often listing agents will represent these as condos in the MLS in order to stimulate traffic as many buyers agents will not look at the other categories. As crazy as this sounds it is true and sales have occurred as a result of utilizing this tactic. Therefore the information in these categories is very likely not a true representation of the actual sales, but the grand total of these and the condo category would correctly reflect the total of all – as represented by the SoCalMLS.

Contact Laurie to begin the search for Your Long Beach Home.