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Jan
28


Long Beach Income Property Market Report-January-December 2007-Including Signal Hill

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Long Beach Real Estate

Long Beach & Signal Hill Income Property Report

January – December 2007

 

 

 

Duplexes 

Closed Sale – 187 Long Beach & Signal Hill Duplex Properties
Units

Bldg SqFt

GSI

List Price LP/SqFt SP/SqFt SP/LP SP/OLP DOM
Min 2

776

$

0

$

25,000

$

0

$

0

60% 60% 0
Avg 2

1,744

$

15,349

$

686,997

$

375

$

347

98% 95% 74
Max 2

3,728

$

435,000

$

2,750,000

$

718

$

718

126% 141% 360

 

 

Triplexes 

Closed Sale – 41 Long Beach & Signal Hill Triplex Properties
Units

Bldg SqFt

GSI

List Price LP/SqFt SP/SqFt SP/LP SP/OLP DOM
Min 3

1,176

$

0

$

444,000

$

122

$

0

88% 75% 7
Avg 3

2,306

$

25,933

$

733,839

$

317

$

271

98% 96% 117
Max 3

3,228

$

75,000

$

1,795,000

$

791

$

420

104% 251% 375

 

 

4-Plexes

 

Closed Sale – 84 Long Beach & Signal Hill Triplex Properties
Units

Bldg SqFt

GSI

List Price LP/SqFt SP/SqFt SP/LP SP/OLP DOM
Min 4

1,668

$

0

$

510,000

$

129

$

0

79% 69% 0
Avg 4

3,297

$

46,948

$

860,372

$

272

$

268

98% 95% 93
Max 4

5,273

$

99,780

$

1,850,000

$

571

$

571

105% 105% 360

 

 

5 + Units

 

Closed Sale – 87 Long Beach & Signal Hill Properties
Units

Bldg SqFt

GSI

List Price LP/SqFt SP/SqFt SP/LP SP/OLP DOM
Min 5

2,628

$

0

$

588,800

$

118

$

0

76% 65% 1
Avg 10

7,097

$

109,558

$

1,430,670

$

205

$

168

95% 93% 106
Max 38

35,668

$

600,720

$

7,500,000

$

493

$

462

108% 121% 331

 

 

 1031 Exchange information available on request. 

 

 

Read More Details


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

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Long Beach Real Estate BlogLong Beach Real Estate Website

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Long Beach Income Property Market Report-January-December 2007-Including Signal Hill
Posted on January 28, 2008 by Laurie Manny
Jan
26


Downtown Long Beach Stock Co-operatives

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 Downtown Long Beach Stock Co-op

100 Atlantic Avenue Coastal View

100 Atlantic Avenue – Market Report

Long Beach Stock Co-operatives

What the heck is a co-op?

Why would I want to own one?

 

Downtown Long Beach is home to several stock co-operatives referred to more commonly as co-ops.  When you purchase a stock co-op you receive a stock certificate instead of a traditional deed. 

 

Purchasing a stock co-op means that you become a stock holding member, sharing in a common interest in the corporation, with an exclusive right to occupy a particular unit.  This is accomplished in the form of a long term lease from the corporation.  The common areas in a co-op are owned by the corporation.  Unlike a condo where you would own the actual unit and a joint interest in the common areas.  An introduction to and history of co-operatives can be found here

 

Traditionally stock co-operatives have been more affordable than the more common condominium purchase, one of the reasons being the difficulty in acquiring financing.  Banks are not overly fond of funding co-operative loans and usually require a substantial down payment of 10%, sometimes 20% before they will consider the loan.  Even then only a very limited of banks are willing to make this kind of investment.  

 

100 Atlantic Avenue - Downtown Long Beach Stock Co-opDowntown Long Beach is home to the 100 Atlantic Avenue Tower.  Set in the East Village Arts District and just one block from Ocean Blvd. this 11 story tower sits in one of the best locations in Downtown, a literal urban paradise.  

 

A short walk to area galleries, restaurants, novelty stores and coffee shops, to Pine Avenue, The Pike, Shoreline Village or browse on over to Hamburger Marys for a great lunch.

 

 

100 Atlantic boasts incredible views from most of its upper level units; while the units in the building do not have balconies, every exterior room has walls of glass to enjoy the spectacular views.  Built in 1958 in the shape of an X, the building has 4 wings.  The design provides 8 distinctly different views, a rooftop patio with fabulous 360 views of the coastline, the port and the city, on a clear day you can see the San Bernardino Mountain Range; a great place to view the traditional fireworks show at the Queen Mary every 4th of July.  There is a small community pool & spa on the lobby level.

 Spa at 100 Alantic Avenue - Downtown Long BeachPool at 100 Alantic Avenue - Downtown Long Beach

This building does not come without its own challenges.  There is limited parking available and parking spaces are assigned based on availability, the waiting list is quite long.  There is monthly parking available at the many hotels and parking lots in the area.  If parking is not a major challenge for you, this may just be the perfect place for you.

 

Read More Details


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

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Long Beach Real Estate BlogLong Beach Real Estate Website

\"\"

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Downtown Long Beach Stock Co-operatives
Posted on January 26, 2008 by Laurie Manny
Jan
26


Downtown Long Beach CA – Incredible

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DOWNTOWN LONG BEACH CALIFORNIA

 

Imagine, Sunshine 345 days of the year.

 

Walking to the office.

 

Gazing at the ocean, from your office or condo windows.

 

World Trade Center Downtown Long Beach California

Downtown Long Beach, World Trade Center

 

Going to the beach after work.

  

 

The most amazing sunsets God has created, every day.

Downtown Long Beach Sunset

View from Downtown Long Beach, over San Pedro & Palos Verdes

 

The Downtown Long Beach California area has gone through a vibrant revitalization which still continues. New hi and low-rise condos, Manhattan style loft developments, condo conversions, new malls and entertainment complexes all either at the beach or within a several blocks walk continue to sprout. A total urbanization of the area is under way. It really is quite spectacular. 

 

Downtown Ocean Blvd. Corridor 

   

 

 New Entertainment Complex at The Pike


Rainbow Harbor, Downtown Long Beach CA

 7994878.jpg

 

Imagine, affordable beach front condos, and affordable beach close properties.

 

Downtown Long Beach is growing and improving daily.  Just 10 years ago the crime rate in the Downtown Long Beach area was staggering.  While parts of the area are still a bit gritty, it has come a very long way.  The many new condos and conversions on and off of East Ocean Blvd. have contributed to the substantial rise in equity in the area. 

 

 

The close proximity of the Long Beach Airport, its ease of use and its future planned expansion, have aided Downtown Long Beach in becoming highly desirable places for todays urban minded professionals to live, work and play. Arrive at the airport 30 minutes before your flight, park your car, walk across the street, check in your bags, go to your gate (short walk) and take off, with time to spare, this just could not be any easier.  Which is probably why the city saw the merit in making Downtown Long Beach a Long Beach Wireless Hot Zone.


The development of Downtown Long Beach is extremely exciting because it will energize the community through the real growth and diversification of retailers while also providing aesthetic improvements, enhanced infrastructure, and upscale housing, said Barbara Kaiser, Manager of the City of Long Beachs Redevelopment Agency. ˜At the center of the Southern California coastline with easy access and an inviting atmosphere, its easy to see why more developers are choosing to invest in Downtown Long Beach.

 


Downtown is home to many large hotels, necessary to handle the busy traffic created by The Long Beach Area Convention Center. Featuring a 224,000 square foot exhibit hall with 83,000 feet of space for meetings. 


A new development is currently in the works which will encompass 1 million square feet of new entertainment and retail space.  Curved like a wind-filled sail, this group of buildings will be shaped like a sailboat Read More About Downtown Development Plans

 

 

 

Housing Options to Suit Every Lifestyle


Are you searching for an upscale apartment or funky downtown loft?  Or do you prefer a quaint bungalow in a Historic District?  Yes Downtown has it all, even its own Historic District, with Craftsman and Victorian beauties, and many lovely Craftsman style cottages.  There are housing options here to suit every lifestyle.


Did you know that Long Beach has 17 Historic Districts and a rich history?

 

  • Belmont Heights
  • Bluff Heights
  • Bluff Park
  • Brenner Place
  • California Heights
  • Carroll Park
  • Craftsman Bungalow Historic Village
  • Eliot Lane
  • Linden Avenue
  • Minerva Park Place
  • Rose Park
  • Rose Park South
  • Sunrise Boulevard
  • Willmore City/Drake Park
  • Wilton Street
  • Wrigley
  • Citywide Historical Districts Ma

 

 

This rarely on the market, beautiful Mills Act home recently changed hands in the Downtown Historic District of Willmore City.

Stunning Historic Edwardian Manse

 

 

Downtown has much to offer.  Take a stroll along the waterfront, watch the cruise ships come and go from the Downtown Port of Long Beach terminals. 


Whether you like to shop, dine, tour a museum, catch a professional sporting event or see the sights¦theres something for you in Downtown Long Beach.  Here, water taxis take visitors to the Queen Mary, and the Long Beach Aquarium of the Pacific.  Or you can hop a ferry to Catalina Island.  Like to shop?  Youll love the wide variety of shops and exotic restaurants at The Pike at Rainbow Harbor and Shoreline Village.  Searching for conventional discount stores?  Head for the open air shopping opportunities at City Place.  And for great sports, check out the Long Beach Convention & Entertainment Center and Long Beach Arena.  You might catch the hometown professional hockey team, The Ice Dogs, in action. 

 

Aquarium of the Pacific Video

FUN VIDEO FROM THE AQUARIUM 

Is there a nicer sound in the world than children laughing? 

A Day at the Aquarium of the Pacific

Aquarium of the Pacfic
Aquarium of the Pacific

Each year thousands of people head to Long Beach for one of the biggest car race events in the world.  Dont miss the Toyota Grand Prix of Long Beach.  Cars race along a 1,968-mile temporary course around the Downtown Convention Center & high rise hotels and condos¦so its easy to find a front row seat!


 

LIVE FOOTAGE

Toyota Grand Prix Long Beach California

 

Shoreline Drive (the race track) loops down from Ocean Blvd and provides access to the Convention Center, The Long Beach Arena, The Pike, Rainbow Harbor Marina and Shoreline Village. From the Bubba Gump Shrimp Company to The California Pizza Kitchen, theres always something wonderful cooking at The Pike at Rainbow Harbor. Here you will find great dining at PF Changs, Gladstones, Outback Steakhouse¦and more!  Youll love this vibrant shopping, dining and entertainment destination!  Enjoy delightful ocean breezes as you dine along the waterfront. 

 

 

BRAZILIAN CARNIVAL LONG BEACH FOOTAGE

 

QUEEN MARY BRAZILIAN CARNAVAL

Celebrated in Long Beach, CA

˜Celebrating the Year of the World Cup Championship and Saluting New Orleans Mardi Gras


The largest Carnival Party in Southern California!


Get ready for the party of the year¦ Dig out your costumes! Come join us and dance to the high energy rhythms of the worlds most famous Carnival celebration coming up!


NON-STOP FLOOR ENTERTAINMENT! NON-STOP DANCING!

BRING YOUR CAMERA, TAKE PICTURES OF THIS STAGGERING NIGHT!

 

 

A trip Downtown isnt complete without a visit to Pine Avenue.  Here, youll find one-of-a-kind specialty shops housed in quaint historic buildings.  Enjoy your morning coffee and check your email under a blue Long Beach sky as you sit on a café patio.  And when the sun goes down¦the fun continues!  Enjoy a delicious European style dinner at one of the many upscale restaurants, and then dance the night away!  The Blue Café on the Promenade is a popular nightspot.


You wont want to miss the East Village Arts District, where the Art Deco style abounds.  You will find it chock full of small galleries, eclectic shops, coffee shops and wonderful little restaurants.

 

Long Beach California Real Estate

We are proud of our Downtown Murals, which depict the diversified culture of our area:

 

   
Long Beach California Real Estate Long Beach California Real Estate
 
Long Beach California Real Estate Long Beach California Real Estate
 
Long Beach California Real Estate Long Beach California Real Estate
   
Long Beach California Real Estate  Long Beach California Real Estate
  

 

Relocating to Long Beach California – Resource Guide

Is it obvious yet?

 

I LOVE LONG BEACH ! ! !


P. S. You will too.

 


It would be my pleasure to consult with you regarding available properties in the 

Downtown Long Beach or Long Beach areas. 

 

 

Long Beach Homes For Sale

 

 

Long Beach Condos For Sale

 

Long Beach Income Properties For Sale



 

 

Read More Details


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

\"\"

Long Beach Real Estate BlogLong Beach Real Estate Website

\"\"

\"\"

\"\"

Downtown Long Beach CA – Incredible
Posted on January 26, 2008 by Laurie Manny
Jan
26


THE MILLS ACT

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HISTORIC HOME TAX INCENTIVES – The Mills Act

 

Saving Money with the Mills Act

Are you concerned about how youll afford to maintain your Historic Long Beach CA Real EstateThe Mills Act makes preservation easy!  This 10 year ˜endlessly renewable contract with the city provides tax incentives to owners of Long Beach Historic Properties.

 

The Mills Act

Since 1972, The Mills Act has provided deep tax discounts to owners of historic Long Beach CA Real Estate.  This legally binding 10 year ˜endlessly renewable contract helps homeowners afford maintenance and restoration of historically and architecturally significant properties.

 

 

 

All Qualified Historic Structures Benefit

In 1972, historian, writer and statesman, Jim Mills, introduced this little known bill.  It grants tax discounts ranging from 24 to 60 percent to owners of qualified historic structures.  All designated historic buildings may apply!  Whether you live in your historic single family residence or use it as an income producing commercial enterprise¦you may qualify for tax benefits under The Mills Act.


Good for You¦Good for the Community

Returning tax money to you benefits everyone.  It creates incentive to purchase and restore beautiful homes and neighborhoods within the community.  When you purchase restoration materials, local businesses thrive.  Property values go up!  Neighborhoods are strengthened as standards of living increase.  And neighborhood enhancements stimulate community pride.

 

Long Beach California Real Estate The Willmo House

Promising to Maintain and Preserve Your Historic Property

When you sign a Mills Act contract, you are promising to maintain and preserve your historic property following predetermined standards.  This is to protect the value of your investment while assuring the communitys overall historic integrity.  Modifications to your home or building should respect the structures original historic and architectural character¦while changing it as little as possible!



Everyday maintenance and General Repairs

Zoning requirements, building codes, development and owner entitlements remain the same for all neighborhoods.  Everyday maintenance and general repairs that dont affect your homes overall construction or design are not regulated.

 

Buying or Selling a Mills Act Home

Are you buying or selling a home that comes with an existing Mills Act contract?  Lucky you!  As a buyer, youll assume the Mills Act contract along with purchase of your home ‘ and benefit from tax savings already in place.  Selling a Mills Act home means increased marketability of an already desirable property. 

 

The Long Beach Office of Historic Preservation has temporarily suspended granting Mills Act status until sometime in late 2009 while they re-organinze; at which time a small non-refundable fee will be implemented to assist in covering costs.  For further information contact:  Jan Ostashay at the Long Beach Historic Preservation Services (562) 570-6864

 

Read More Details


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

\"\"

Long Beach Real Estate BlogLong Beach Real Estate Website

\"\"

\"\"

\"\"

THE MILLS ACT
Posted on January 26, 2008 by Laurie Manny
Jan
22


Long Beach Home Search-Where do I start?

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Free Southern California Home Search

  Not All Property Searchs Are Created Equal!

 


So youve decided it might be a good time to purchase a Long Beach Home or Condo.  Where do you start?  Well if you are a healthy red blooded American you are probably in the over 80% of buyers who start their home search on the internet. 

Do you start with the big sites like Zillow, Trulia and Yahoo?  Do you think they have ALL the available listings in your market?  Nope!  They have cut deals with a few of the larger brokers like Remax, Prudential and ERA to feed the broker listings to their site.  What about the other listings on your market?  How will you find them?  Will you be satisfied only having access to a limited selection of the available listings?  I wouldnt! 

While there is a lot of inventory on the market, lets face it; there are a lot of dogs on the market right now.  Its still hard to find the right home, in good condition.  Do you want to be deprived of the ability to search ALL available Southern California properties for one of the largest purchases of your life? 

Did you know the local MLS we REALTORS® use only allows a very select few companies to sell full MLS feeds to REALTORS® for use on their sites?  Zillow, Trulia and Yahoo are not in the business of selling real estate and do not qualify for the full listing feeds to their sites.  They are in the business of selling advertising, leads and assorted services to REALTORS® in the hopes of enticing them to place their listings on their sites, which we sometimes do – if it is in our clients best interest. 


We at LongBeachRealEstateHome.com have a FULL Free Southern California MLS search, the very best one available in the business.  Thats right!  When you search for your next home or condo, and use our home search, you will find ALL available homes, pictures and details. We provide this home search to you free, at our expense.  The service, provided by www.1parkplace.com  is the premier licensed provider in the industry.   We believe in providing the best customer experience on our site and encourage you to treat yourself to the free service.

You will also have access to our VIP service which allows you to set up custom searches and have automatic email sent to you whenever a new property comes onto the market that meets your specifications.  You also have the ability to save favorite properties which will be easily available for your viewing on your next visit. 

We hope that you enjoy the service so much that you will contact us to assist you in your next Long Beach Home Purchase.

 

Read More Details


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

\"\"

Long Beach Real Estate BlogLong Beach Real Estate Website

\"\"

\"\"

\"\"

Long Beach Home Search-Where do I start?
Posted on January 22, 2008 by Laurie Manny

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Main Street Realtors
Belmont Heights
244 Redondo Avenue
Long Beach California 90803

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(562) 212-5420


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Long Beach Condo Buyers Beware

The condo market in Long Beach, and nationwide, may be in for a few rather large shockers which could rattle more than a few cages.  We have already come across several HOA\'s in, or very near, serious financial jeopardy.

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Buying Fixer Upper Homes in Long Beach

Many buyers who are searching for homes in Long Beach express interest in purchasing a \"fixer upper\" . It is always interesting to hear what their idea of a \"fixer upper\" is. There are so many levels of fixer upper it is necessary to clarify what the buyer has in mind.

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Buying Long Beach Homes

Issues for the \"First Time Home Buyer\"

With so many Long Beach homes on the market at affordable prices one would think it should be really easy to find a home and get a great deal. So why are so many first time buyers having trouble finding a home that suits their needs at a price they can afford?

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FHA Loan Limits

FHA loans are available to a maximum loan of $729,750 with a minimum 3 to 3.5% down payment until January 1, 2009 when they are currently scheduled to drop the maximum loan amount to $625,000, this could change.

Current FHA Lending Limits for LOS ANGELES COUNTY (LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN AREAS):

  • Single Family Home or Condo : $729,750
  • Duplex : $934,200
  • Tri-plex : $1,129,250
  • Four-Plex : $1,403,400


7 Steps to Pre-Home Purchase Preparedness

    1-Choose a Lender 2-Checking Credit Scores Prior to Starting the Purchase 3-Be Pre-approved Prior to Searching 4-Have A Solid Financial Plan 5-Insist on a Lock-In Letter 6-Demand a Loan Commitment 7-Waiting to Sell Your Home

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Long Beach California is Best Neighborhood for Walking

One of the most appealing draws to living in Long Beach California is the walkability of many of our local neighborhoods.

Long Beach California has been ranked as the 8th Most Walkable Neighborhood!

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Relocating to Long Beach California?

If you are relocating to Long Beach California you will need lots of information. You will be curious to know about Long Beach communities , neighborhoods and resources . We have tried to include as many area resources as possible here to make your transition a smooth one.

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