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

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

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. 

 

 

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Long Beach Realtor

(562) 212-5420

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Posted on January 28, 2008 11:33:32 by Laurie.Manny
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Comment from: Ann Cummings [Visitor] Email · http://www.NewHampshireMaineRealEstate.com

Laurie - this is a great report for those who own multi-family properties, as well as those looking to get into the investment property market.

PermalinkPermalink February 09, 2008 17:21:38
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To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.