Long Beach Real Estate-Long Beach Condos

Downtown Long Beach Real Estate Sales-Market Update

 

Homes, Condos, Coops, OYOs, Income Properties

 

January 1, 2008 thru December 31, 2008

Updated:  December 31, 2008

 

 

 

Downtown Long Beach Homes

 

 

We close 2008 with 28 Downtown Long Beach Homes For Sale ranging in price from $99,900 to $565,000.

• 9 homes are for sale under $200,000  (Jumped up from 0 on Sept 29, 2008)
  
• 10 homes are for sale between $200,000 and $300,000
• 3 homes are for sale between $300,000 and $400,000
• 3 homes are for sale between $400,000 and $500,000
• 3 homes are for sale between $500,000 and $600,000

• Average Price:  $279,685 down substantially from $435,795  on Sept 29, 2008
  
• Average Days on Market:  135 down a bit from 160 on Sept 29,2008
  

Downtown Long Beach and Alamitos Beach Homes for sale:

This is a live feed direct from the MLS of ALL Alamitos Beach and Downtown Long Beach Homes For Sale it is ALWAYS up to date and current.

 

 

There are  Downtown Long Beach Homes pending in escrow

• 1 @ $190,000
• 1 @ $300,000
• 1 @ $109,900
• 1 @ $129,900
• 1 @ $214,900
• 1 @ $299,000
• 1 @ $179,000

 

• Average Price:  $203,242 down a bit $240,075 since Sept 29, 2008
  
• Average Days on Market:  141 up substantially from 96

 

 

There are 3 Downtown Long Beach Homes in escrow accepting back up offers.

• 1 @ $219,000
  
• 1 @ $224,900
  
• 1 @ $219,000

 

• Average Price:  $220,966 down some from $263,600 on Sept 29, 2008
  
• Average Days on Market:  140 up substantially from 108

 

 

25 Downtown Long Beach Homes closed escrow in 2008; this number is up by over 200% since September 29, 2008 when we reported that only 5 homes had closed escrow for the year.  This is due in large part to the increased number of bank owned properties that have been purchased at incredible prices by 1st time homebuyers and investors who like the new price point. 

2008 Downtown Long Beach Homes - Closed Sales

 

#	Address	Bed	B t/f	St	Gar	SqFt	YBlt	Sold Price	SP/ SqFt	SP/LP	SP/OLP	Sold Date	DOM
1	1210 E Barcelona Pl	2	1/1	1	0	792	1929	$91,000	$114.90	95.89%	91.09%	11/19/2008	23
2	1215 E Barcelona Pl	2	1/1	1	0	782	1929	$87,500	$111.89	87.59%	87.59%	10/31/2008	2
3	718 Elm Ave	2	1/1	1	0	986	1917	$118,000	$119.68	102.70%	102.70%	9/25/2008	6
4	1105 E 15th St	3	2/2	1	0	983	1927	$139,900	$142.32	100.00%	42.39%	12/10/2008	386
5	1077 N Loma Vista Dr	2	2/1	1	0	900	1940	$159,500	$177.22	110.08%	110.08%	11/03/2008	8
6	424 E 5th St	2	2/1	1	0	1,108	1912	$200,000	$180.51	113.80%	113.80%	12/05/2008	6
7	822 N Washington Pl	3	1/1	1	1	774	1921	$120,750	$156.01	65.31%	65.31%	12/03/2008	29
8	712 E Alta Way	1	1/	1	0	720	1906	$184,000	$255.56	99.51%	99.51%	2/19/2008	7
9	708 E Alta Way	1	1/1	1	0	688	1914	$189,900	$276.02	100.00%	100.00%	10/01/2008	6
10	1085 N Minerva Park	2	1/1	1	1	997	1922	$210,000	$210.63	110.53%	110.53%	10/17/2008	123
11	1759 N Palmer Ct	3	2/2	2	0	1,240	1922	$150,000	$120.97	66.70%	60.24%	8/15/2008	124
12	1475 Cerritos Ave	3	1/1	1	1	1,000	1919	$300,000	$300.00	103.81%	117.65%	10/26/2008	40
13	122 W 8th St	3	3/2	2	2	1,338	2000	$330,000	$246.64	97.06%	97.06%	5/30/2008	13
14	935 E Martin Luther King Jr Ave	4	4/3	2	2	2,092	2005	$340,000	$162.52	97.14%	52.31%	10/21/2008	318
15	347 W 7th St	4	3/1	2	0	1,764	1907	$335,000	$189.91	91.73%	80.72%	12/29/2008	114
16	774 N Loma Vista Dr	2	1/	1	0	760	1918	$355,000	$467.11	89.87%	89.87%	1/12/2008	5
17	326 Daisy Ave	4	5/4	1	2	3,748	1913	$400,000	$106.72	91.12%	91.12%	8/18/2008	110
18	1207 E Barcelona Pl	2	1/1	1	0	782	1929	$110,000	$140.66	100.00%	100.00%	6/25/2008	22
19	1233 Martin Luther King Jr Ave	2	1/1	1	1	975	1922	$195,000	$200.00	105.46%	105.46%	12/01/2008	10
20	1725 Atlantic Ave	3	2/1	1	1	1,390	1917	$230,900	$166.12	101.32%	101.32%	12/30/2008	13
21	1073 E 15th St	4	2/2	1	2	1,715	1923	$300,000	$174.93	100.33%	100.33%	11/14/2008	3
22	1462 Lemon Ave	4	2/2	1	0	1,328	1925	$310,000	$233.43	93.94%	73.81%	12/26/2008	228
23	1745 Orange Ave	5	3/2	1	2	2,125	1937	$380,000	$178.82	97.46%	97.46%	8/11/2008	22
24	1462 Lemon Ave	4	2/2	1	0	1,328	1925	$310,000	$233.43	98.41%	73.81%	10/30/2008	0
25	217 E 16TH St	2	1/1		0	935	1967	$450,000	$481.28	100.00%	100.00%	1/31/2008	0
Average		3			2	1,250		$239,858	$205.89	96.79%	90.57%		70
Number of Properties: 25
Average ( SalePrice / SqFt ) : ( 239858 / 1250 ) = $ 191.89

• Average Price:$239,858 down from $277,400 on Sept 29, 2008
  
• Average Days on Market:  70 up substantially from 28

 

 

Downtown Long Beach Homes that were removed from the market:

2 Downtown Long Beach Home Listings were Withdrawn by Seller: 

• Average Price:  $237,950
• Average Days on Market:  86
  

35 Downtown Long Beach Home Listings were Cancelled by Seller:

• Average Price:  $336,334
• Average Days on Market:  151
  

37 Downtown Long Beach Home Listing Contracts Expired: 

• Average Price:  $428,551
• Average Days on Market:  201

 

 

 

 

 

Downtown Long Beach Condos, Lofts, Coops and OYOs

There are 181 Downtown Long Beach Condos, Lofts, Coops and OYOs For Sale, up from our last update of 166 on Sept 29, 2008

• Average Price:  $372,841 down from our last update of $408,136 of Sept 29, 2008
  
• Average Days on Market:119 up from our last update of 99

 

Downtown Long Beach and Alamitos Beach Condos, Lofts, Coops and OYOs  for sale:

This is a live feed direct from the MLS of ALL Alamitos Beach and Downtown Long Beach Condos, Lofts, Coops and OYOs  For Sale it is ALWAYS up to date and current.

 

There are 25 Downtown Long Beach Condos, Lofts, Coops and OYOs  in escrow accepting Back-Up offers up from 14 on our last update of Sept 29 2008.

• Average Price:  $253,930 down a bit from our last update of $261,644
• Average Days on Market:  101 down a bit from our last update of 118

There are 35 Downtown Long Beach Condos, Lofts, Coops and OYOs  Pending in escrow, up a bit from our last update of 28 on Sept 29, 2008

• Average Price:  $243,679 down a bit from our last update of $253,123
• Average Days on Market:  77 down substantially from our last update of 95

207 Downtown Long Beach Condos, Lofts, Coops and OYOs  have sold (closed escrow) in 2008, that number is up substantially from our last update of 112 on Sept 29 2008.  

• Average Price:  $299,004 almost the same as reported on our last update $300,035
• Average Days on Market:  92 almost the same as reported on our last update of 90

 

2008 Closed Sales Downtown Long Beach Condos, Lofts, Coops and OYOs

#	Type	Address	Bed	B t/f	Gar	SqFt	YBlt	Sold Price	SP/ SqFt	SP/LP	SP/OLP	Sold Date	DOM
1	CONDO	360 OCEAN Blvd 208	0	1/	0	443	1922	$34,100	$76.98	97.43%	97.43%	12/27/1999	0
2	CONDO	1736 LEWIS Ave A	3	2/	0	1,278	1982	$395,000	$309.08	104.22%	104.22%	8/29/2005	0
3	CONDO	388 E Ocean Blvd 811	1	1/1	1	680	2004	$270,000	$397.06	93.10%	93.10%	12/09/2008	48
4	Loft	100 W 5th St 3b	1	1/1	1	1,150	1925	$325,000	$282.61	65.66%	65.66%	11/29/2008	29
5	CONDO	1450 Locust 117	2	2/2	0	728	1990	$73,100	$100.41	104.58%	54.19%	8/23/2008	65
6	CONDO	1450 Locust Ave 416	2	2/2	1	728	1990	$74,900	$102.88	100.00%	100.00%	12/18/2008	3
7	OYO	445 Cedar Ave 13	1	1/1	0	519	1957	$86,500	$166.67	109.49%	109.49%	6/19/2008	17
8	CONDO	1450 Locust Ave 118	2	2/2	1	728	1990	$70,000	$96.15	87.61%	36.86%	9/17/2008	287
9	OYO	626 Chestnut Ave 12	0	1/1	0	463	1955	$85,000	$183.59	100.00%	71.43%	8/19/2008	137
10	OYO	617 Cedar Ave 3	1	1/1	0	397	1955	$80,000	$201.51	88.89%	88.89%	6/30/2008	27
11	CONDO	438 Cedar Ave 14	1	1/1	1	574	1957	$85,000	$148.08	93.51%	93.51%	10/21/2008	7
12	CONDO	325 W 3rd St 305	0	1/1	0	424	1924	$83,000	$195.75	91.11%	90.32%	8/21/2008	16
13	CONDO	1450 Locust Ave 126	2	2/2	1	728	1990	$80,000	$109.89	80.08%	51.28%	5/29/2008	82
14	CONDO	522 Cedar Ave 4	2	1/1	0	822	1959	$120,000	$145.99	114.29%	114.29%	10/30/2008	31
15	CONDO	522 Cedar Ave 1	2	1/1	0	929	1959	$115,000	$123.79	104.64%	54.79%	8/25/2008	106
16	CONDO	645 Chestnut Ave 118	1	1/1	0	608	1986	$114,900	$188.98	100.00%	88.45%	8/26/2008	11
17	CONDO	720 W 4th St 112	1	2/1	1	584	1984	$118,000	$202.05	100.00%	100.00%	9/25/2008	5
18	CONDO	315 W 3rd St 306	1	1/1	0	492	1925	$140,000	$284.55	117.65%	117.65%	11/25/2008	16
19	CONDO	519 Cedar Ave 8	1	1/1	0	775	1956	$119,000	$153.55	99.25%	82.13%	8/13/2008	81
20	CONDO	327 Chestnut Ave 308	1	1/1	1	564	1990	$124,900	$221.45	101.13%	101.13%	11/30/2008	32
21	CONDO	1566 Pine Ave 203a	2	2/2	0	791	1987	$128,500	$162.45	104.05%	104.05%	11/06/2008	42
22	CONDO	1723 Cedar Ave 324	2	2/1	1	827	1985	$124,000	$149.94	100.00%	100.00%	8/12/2008	10
23	CONDO	375 Atlantic Ave 401	1	1/1	0	590	1969	$129,000	$218.64	100.00%	71.71%	12/31/2008	218
24	CONDO	628 Daisy Ave 326	1	1/1	1	658	1984	$150,000	$227.96	116.28%	107.53%	9/09/2008	15
25	CONDO	800 Pacific Ave 109	1	1/1	0	562	1921	$134,500	$239.32	100.00%	100.00%	9/06/2008	57
26	CONDO	901 Linden Ave #10	2	1/1	1	816	1962	$135,000	$165.44	100.00%	106.38%	10/30/2008	9
27	OYO	640 Elm Ave 21	1	1/1	1	637	1959	$120,000	$188.38	86.33%	86.33%	8/29/2008	21
28	CONDO	545 Chestnut Ave 203	1	1/1	1	666	1972	$127,000	$190.69	90.78%	90.78%	12/19/2008	21
29	CONDO	535 Magnolia Ave 113	1	1/1	1	702	1990	$150,000	$213.68	107.22%	107.22%	10/11/2008	38
30	CONDO	535 Magnolia Ave 416	1	1/1	1	702	1990	$142,000	$202.28	99.37%	54.64%	10/31/2008	443
31	CONDO	1566 Pine Ave 107a	2	2/2	0	774	1987	$150,000	$193.80	103.52%	103.52%	8/01/2008	5
32	CONDO	505 W 5th St 108	1	1/1	1	707	1987	$145,000	$205.09	96.73%	96.73%	6/16/2008	69
33	CONDO	325 W 3rd St 409	1	1/	0	500	1924	$150,000	$300.00	100.00%	75.00%	3/15/2008	116
34	CONDO	545 Chestnut Ave 115	1	1/1	0	612	1972	$150,000	$245.10	100.00%	100.00%	5/30/2008	45
35	CONDO	1140 Pacific Ave 24	2	2/2	1	856	1985	$110,250	$128.80	71.17%	63.04%	12/19/2008	86
36	CONDO	628 Daisy Ave 223	1	1/1	1	808	1984	$140,000	$173.27	90.38%	90.38%	9/22/2008	12
37	CONDO	225 W 6th St 313	1	1/	1	554	1978	$130,000	$234.66	83.87%	83.87%	7/01/2008	140
38	CONDO	1450 Locust Ave 218	2	2/	1	728	1990	$145,000	$199.18	92.39%	92.39%	2/21/2008	17
39	CONDO	455 E Ocean Blvd 608	0	1/1	0	388	1923	$130,000	$335.05	82.28%	82.28%	12/03/2008	38
40	CONDO	10 Atlantic Ave 406	0	1/	0	360	1922	$145,000	$402.78	91.19%	85.80%	2/12/2008	56
41	CONDO	10 Atlantic Ave 107	0	1/1	0	400	1922	$150,000	$375.00	94.34%	94.34%	7/07/2008	68
42	CONDO	730 W 4th St 312	1	2/1	0	584	1987	$155,500	$266.27	97.25%	74.40%	10/28/2008	94
43	CONDO	535 Magnolia Ave 105	2	2/2	2	1,014	1990	$180,000	$177.51	112.57%	112.57%	11/05/2008	26
44	CONDO	528 Cedar Ave 3f	1	1/1	1	812	1960	$152,500	$187.81	95.31%	95.31%	8/07/2008	48
45	CONDO	545 Chestnut Ave 404	1	1/1	0	666	1972	$160,000	$240.24	100.00%	100.06%	6/24/2008	12
46	CONDO	835 E 9th St 8	2	2/1	2	892	1983	$158,000	$177.13	96.34%	68.70%	10/06/2008	134
47	COOP	100 Atlantic Ave 607	1	1/	0	750	1958	$150,000	$200.00	90.91%	100.07%	2/08/2008	12
48	CONDO	455 E Ocean Blvd 810	0	1/0	0	398	1923	$162,000	$407.04	95.35%	95.35%	9/17/2008	45
49	CONDO	335 Cedar Ave 307	1	1/1	1	515	1965	$170,000	$330.10	100.06%	91.90%	5/08/2008	171
50	CONDO	545 Chestnut Ave 309	1	1/1	0	532	1972	$160,000	$300.75	94.12%	94.12%	8/05/2008	122
51	COOP	100 Atlantic Ave 205	2	1/1	0	900	1958	$160,000	$177.78	91.95%	65.31%	8/05/2008	328
52	CONDO	1566 Pine Ave	2	2/	1	791	1987	$175,000	$221.24	97.77%	79.91%	2/20/2008	98
53	CONDO	628 Daisy Ave 328	2	2/2	0	913	1984	$179,000	$196.06	100.00%	89.95%	10/13/2008	27
54	CONDO	535 Magnolia Ave 204	2	2/2	2	1,014	1990	$150,000	$147.93	83.38%	65.22%	11/15/2008	110
55	CONDO	535 W 4th St 202	2	2/2	0	859	1990	$187,000	$217.69	103.95%	81.34%	12/12/2008	83
56	COOP	100 Atlantic Ave 815	0	1/1	0	550	1958	$176,888	$321.61	98.30%	98.30%	10/03/2008	78
57	CONDO	528 Cedar Ave 3e	1	1/	0	772	1960	$160,000	$207.25	88.89%	65.32%	1/15/2008	109
58	CONDO	455 E Ocean Blvd 207	0	1/1	0	456	1923	$157,000	$344.30	84.91%	78.54%	8/18/2008	159
59	CONDO	628 Daisy Ave 308	2	2/2	0	817	1984	$190,000	$232.56	102.76%	102.76%	9/26/2008	24
60	COOP	100 Atlantic 1110	1	1/	0	750	1958	$170,000	$226.67	91.89%	73.91%	4/22/2008	169
61	CONDO	628 Daisy Ave 401	2	1/1	0	805	1984	$189,000	$234.78	99.53%	99.53%	8/11/2008	11
62	CONDO	445 W 6th St 410	2	2/2	1	865	1988	$190,000	$219.65	100.05%	100.05%	9/30/2008	14
63	CONDO	519 Cedar Ave 9	1	1/1	1	751	1956	$175,000	$233.02	89.74%	70.28%	10/31/2008	157
64	CONDO	455 E Ocean Blvd 612	0	1/1	0	448	1923	$185,000	$412.95	94.87%	94.87%	10/05/2008	17
65	CONDO	433 Atlantic Ave 4	1	1/	0	625	1958	$184,300	$294.88	94.03%	80.17%	4/18/2008	163
66	CONDO	445 W 6th St 211	2	2/1	2	865	1988	$196,900	$227.63	100.00%	100.00%	10/08/2008	21
67	CONDO	800 Pacific Ave 101	1	1/	0	634	1921	$170,000	$268.14	85.43%	80.95%	1/23/2008	88
68	CONDO	215 Atlantic Ave 203	1	1/	1	623	1968	$206,000	$330.66	103.52%	103.52%	3/28/2008	24
69	COOP	100 Atlantic 411	0	1/	0	500	1958	$180,000	$360.00	90.05%	90.05%	1/31/2008	103
70	OYO	333 Linden Ave 16	1	1/	1	653	1956	$180,000	$275.65	90.00%	75.31%	2/22/2008	325
71	CONDO	640 W 4th St 116	2	2/2	2	916	1990	$220,000	$240.17	108.96%	108.96%	9/26/2008	11
72	CONDO	730 W 4th St 310	1	2/	1	584	1987	$215,000	$368.15	100.00%	82.69%	1/01/2008	209
73	CONDO	140 Linden Ave 303	1	1/0	0	436	1928	$215,000	$493.12	100.00%	89.96%	9/30/2008	126
74	CONDO	421 W 6th St 105	2	2/2	2	866	1990	$235,000	$271.36	109.30%	109.30%	11/14/2008	108
75	COOP	100 Atlantic Ave 704	2	1/1	0	950	1958	$215,000	$226.32	98.17%	86.35%	10/24/2008	277
76	CONDO	645 Chestnut Ave 103	1	1/1	1	798	1986	$175,000	$219.30	79.58%	79.58%	6/15/2008	66
77	CONDO	720 W 4rth St 116	2	2/2	1	957	1984	$210,000	$219.44	95.50%	68.88%	8/25/2008	221
78	CONDO	640 W 4th St 317	2	2/2	2	937	1990	$222,900	$237.89	100.00%	103.72%	9/09/2008	17
79	CONDO	730 W 4th St 306	2	2/2	2	957	1987	$223,000	$233.02	100.00%	108.83%	9/30/2008	43
80	CONDO	35 Linden Ave 408	2	2/2	2	1,031	1987	$306,500	$297.28	136.28%	136.28%	9/30/2008	33
81	CONDO	645 Pacific Ave 402	1	1/1	1	711	1984	$220,000	$309.42	97.78%	97.78%	8/23/2008	69
82	CONDO	1723 Cedar Ave 323	2	2/2	1	827	1985	$227,000	$274.49	99.13%	99.13%	3/31/2008	16
83	CONDO	433 Atlantic Ave 1	2	1/1	0	922	1959	$227,500	$246.75	99.34%	91.37%	6/06/2008	90
84	CONDO	455 E Ocean Blvd 417	1	1/1	0	635	1923	$229,000	$360.63	100.00%	100.00%	7/28/2008	5
85	CONDO	102 Lime Ave 4	1	1/	0	661	1949	$229,500	$347.20	100.00%	95.82%	4/25/2008	294
86	CONDO	730 W 4th St 217	2	2/2	2	957	1987	$218,500	$228.32	95.04%	89.22%	6/17/2008	22
87	CONDO	838 Pine Ave 309	1	1/1	1	770	1998	$227,000	$294.81	98.74%	98.74%	8/25/2008	28
88	CONDO	640 W 4th St 109	2	2/2	2	1,017	1990	$234,900	$230.97	100.86%	100.86%	12/19/2008	6
89	CONDO	445 W 6 St 408	2	2/2	0	900	1988	$230,000	$255.56	98.42%	88.80%	8/07/2008	100
90	CONDO	421 W 6th St 103	2	2/2	2	884	1990	$235,000	$265.84	100.04%	100.04%	11/13/2008	7
91	CONDO	730 W 4th St 104	2	2/2	1	957	1987	$234,000	$244.51	97.91%	97.91%	9/12/2008	49
92	CONDO	455 E Ocean Blvd 617	1	1/	0	635	1923	$239,900	$377.80	100.00%	85.71%	4/30/2008	308
93	CONDO	640 W 4th St 402	2	2/2	2	1,005	1990	$239,900	$238.71	100.00%	100.00%	7/01/2008	8
94	CONDO	640 W 4th St 314	1	1/	1	622	1990	$242,000	$389.07	99.18%	99.18%	1/25/2008	15
95	CONDO	555 Maine Ave 321	2	2/2	2	906	1991	$240,000	$264.90	98.00%	98.00%	9/22/2008	7
96	CONDO	637 Atlantic Ave 9	1	1/1	1	800	1988	$250,000	$312.50	102.04%	102.04%	5/09/2008	15
97	COOP	100 Atlantic 904	2	1/	0	900	1958	$210,000	$233.33	84.37%	71.21%	3/21/2008	190
98	CONDO	327 Chestnut Ave 101	2	2/2	2	860	1990	$244,000	$283.72	97.64%	106.13%	10/13/2008	32
99	CONDO	645 Pacific Ave 412	2	2/	2	1,006	1984	$275,000	$273.36	110.04%	70.69%	1/30/2008	202
100	CONDO	613 W 3rd St 1	2	2/2	2	1,510	2006	$265,000	$175.50	103.96%	103.96%	11/03/2008	11
101	CONDO	720 W 4th St 216	2	2/2	2	957	1984	$258,000	$269.59	101.18%	93.82%	3/28/2008	135
102	CONDO	535 Magnolia Ave 404	2	2/	0	1,014	1990	$241,900	$238.56	94.49%	94.49%	3/19/2008	27
103	CONDO	637 Atlantic Ave 6	2	2/2	1	887	1988	$256,000	$288.61	98.50%	82.85%	11/15/2008	181
104	CONDO	505 W 5th St 306	1	1/	1	770	1987	$257,000	$333.77	97.35%	92.11%	2/12/2008	158
105	CONDO	360 W Ocean Blvd 308	1	1/1	0	951	1922	$270,000	$283.91	100.37%	96.77%	7/09/2008	30
106	CONDO	455 E Ocean Blvd 516	1	1/1	0	703	1923	$240,000	$341.39	89.05%	86.02%	7/30/2008	66
107	CONDO	535 W 4th St 105	2	2/2	0	875	1990	$265,000	$302.86	96.72%	91.41%	10/01/2008	62
108	CONDO	645 Pacific Ave 305	2	1/1	1	792	1984	$275,000	$347.22	98.60%	98.60%	4/28/2008	180
109	CONDO	555 Maine Ave 103	2	2/	0	908	1991	$282,000	$310.57	101.08%	101.08%	3/14/2008	14
110	CONDO	640 W 4th 206	2	2/	2	1,117	1991	$250,000	$223.81	87.72%	8.34%	4/21/2008	38
111	CONDO	555 Maine Ave 429	2	2/2	2	786	1991	$279,000	$354.96	97.89%	97.89%	11/25/2008	57
112	CONDO	555 Maine Ave 329	2	2/2	1	786	1991	$280,000	$356.23	98.07%	90.35%	5/14/2008	156
113	CONDO	838 Pine Ave 304	2	2/2	2	930	1998	$270,000	$290.32	93.46%	93.46%	12/01/2008	29
114	CONDO	10 Atlantic Ave 402	1	1/	0	735	1922	$289,900	$394.42	96.96%	90.88%	4/10/2008	155
115	CONDO	535 W 4th St 307	2	2/2	2	904	1990	$255,000	$282.08	85.03%	85.03%	9/12/2008	266
116	CONDO	315 W 3rd St 501	1	1/1	0	772	1925	$260,000	$336.79	86.70%	74.50%	5/16/2008	37
117	CONDO	637 Atlantic Ave 7	2	2/2	2	887	1988	$280,000	$315.67	93.36%	86.15%	10/10/2008	170
118	CONDO	388 E Ocean Blvd 1009	1	1/1	1	640	2004	$291,500	$455.47	97.17%	78.81%	10/10/2008	120
119	CONDO	645 Pacific Ave 304	2	2/	1	985	1984	$282,000	$286.29	94.00%	89.55%	1/26/2008	88
120	CONDO	525 E Seaside Way 701	1	1/1	2	908	1990	$307,000	$338.11	99.35%	99.35%	12/19/2008	8
121	CONDO	838 Pine Ave 218	2	2/2	2	930	1998	$305,000	$327.96	98.42%	88.43%	8/12/2008	119
122	CONDO	528 Cedar Ave 3n	2	2/1	0	918	1960	$290,000	$315.90	92.80%	89.23%	4/24/2008	18
123	CONDO	375 Atlantic Ave 204	2	2/1	0	1,144	1969	$300,000	$262.24	94.04%	89.02%	9/18/2008	173
124	CONDO	140 Linden Ave 711	2	2/2	0	1,078	1928	$328,500	$304.73	102.98%	67.18%	6/30/2008	209
125	CONDO	801 Pine Ave 204	2	2/2	0	968	1990	$303,000	$313.02	93.52%	93.52%	7/22/2008	78
126	CONDO	525 E Seaside Way 902	1	1/	2	704	1990	$320,000	$454.55	98.77%	96.97%	3/03/2008	48
127	CONDO	350 Cedar Ave 309	2	2/	1	1,016	1971	$324,900	$319.78	98.78%	99.05%	2/29/2008	232
128	CONDO	528 Cedar Ave 1 A	1	1/1	0	682	1960	$330,000	$483.87	100.00%	100.00%	6/08/2008	19
129	CONDO	140 Linden Ave 714	1	1/	0	736	1928	$315,000	$427.99	94.03%	78.77%	1/16/2008	177
130	CONDO	455 E Ocean Blvd 301	1	1/1	0	981	1923	$320,000	$326.20	94.40%	94.40%	8/15/2008	49
131	CONDO	555 Maine Ave 401	2	2/	2	996	1991	$339,900	$341.27	100.00%	85.00%	4/11/2008	201
132	CONDO	637 Atlantic Ave 1	2	2/1	2	1,178	1988	$340,000	$288.62	100.00%	100.00%	6/03/2008	43
133	Loft	315 W 3rd St 807	1	2/	0	949	1925	$325,000	$342.47	93.12%	69.31%	1/26/2008	121
134	CONDO	525 E Seaside Way 611	1	1/	2	908	1990	$355,500	$391.52	96.34%	91.39%	2/15/2008	99
135	CONDO	388 E Ocean Blvd 706	1	1/1	1	746	2004	$373,000	$500.00	100.00%	101.63%	7/08/2008	63
136	CONDO	35 Linden Ave 508	2	2/2	2	1,064	1987	$380,000	$357.14	101.36%	95.00%	9/23/2008	110
137	COOP	100 Atlantic Ave 1101	2	1/1	0	970	1959	$352,000	$362.89	92.88%	88.22%	4/28/2008	113
138	CONDO	35 Linden Ave 201	2	1/1	2	954	1987	$370,000	$387.84	97.63%	97.63%	7/26/2008	22
139	CONDO	700 E Ocean Blvd 1402	2	2/1	0	1,080	1965	$369,000	$341.67	95.97%	95.97%	8/29/2008	29
140	CONDO	488 E Ocean Blvd 410	2	2/2	2	990	2004	$390,000	$393.94	101.14%	96.08%	12/26/2008	31
141	CONDO	801 Pine Ave 206	2	2/2	2	1,012	1990	$395,000	$390.32	100.00%	101.54%	4/27/2008	18
142	CONDO	637 Atlantic Ave 5	2	2/	2	1,178	1988	$350,000	$297.11	87.52%	80.46%	4/04/2008	97
143	CONDO	700 E Ocean Blvd 2201	2	2/0	1	1,080	1965	$387,400	$358.70	96.87%	81.58%	11/19/2008	84
144	CONDO	133 N The Promenade 523	1	1/	2	1,118	2007	$399,990	$357.77	100.00%	95.24%	2/15/2008	6
145	Loft	835 Locust Ave 424	1	1/1	1	1,324	2005	$400,500	$302.49	94.24%	75.57%	12/29/2008	301
146	CONDO	300 E 4th St 109	2	3/2	2	1,332	2008	$430,500	$323.20	100.00%	100.00%	9/15/2008	15
147	CONDO	835 Locust Ave 216	1	1/1	0	1,699	2005	$437,000	$257.21	100.00%	100.00%	7/28/2008	2
148	CONDO	395 E 4th St 9	2	2/1	2	1,800	2006	$408,000	$226.67	92.75%	86.83%	11/09/2008	71
149	CONDO	488 E Ocean Blvd 903	2	2/2	1	1,020	2004	$410,000	$401.96	92.63%	88.00%	10/03/2008	52
150	CONDO	133 The Promenade North 327	1	2/1	2	1,200	2007	$433,000	$360.83	96.44%	86.77%	6/21/2008	82
151	CONDO	425 E Ocean Blvd 340	2	2/1	1	1,185	1989	$425,000	$358.65	94.44%	89.47%	9/25/2008	128
152	CONDO	488 E Ocean Blvd 1110	2	2/2	2	1,160	2004	$428,000	$368.97	92.06%	77.83%	8/08/2008	95
153	CONDO	488 E Ocean Blvd 303	2	2/2	1	1,020	2004	$469,000	$459.80	100.00%	100.00%	6/25/2008	8
154	CONDO	700 E Ocean Blvd 701	2	2/2	1	1,080	1965	$450,000	$416.67	94.76%	91.86%	8/09/2008	139
155	CONDO	100 W 5th St 3e	1	1/1	1	1,889	1925	$475,000	$251.46	100.02%	100.02%	8/29/2008	24
156	Loft	100 W 5th St 3J	1	1/1	2	1,150	1925	$468,500	$407.39	96.60%	83.66%	7/15/2008	187
157	CONDO	388 E Ocean Blvd 1016	2	2/2	1	1,020	2004	$471,000	$461.76	96.93%	95.36%	7/31/2008	35
158	CONDO	637 Atlantic Ave 10	3	2/1	1	1,604	1988	$455,000	$283.67	93.05%	98.91%	5/28/2008	25
159	CONDO	700 E Ocean Blvd 1607	2	2/1	1	1,040	1965	$490,000	$471.15	100.00%	81.68%	11/30/2008	107
160	CONDO	388 E Ocean Blvd P9	1	2/1	1	1,320	2004	$490,000	$371.21	98.22%	70.00%	10/08/2008	102
161	CONDO	207 E Broadway 601	1	2/1	1	1,310	1924	$0	$0.00	0.00%	0.00%	9/26/2008	273
162	CONDO	388 E Ocean Blvd P15	1	2/1	2	1,460	2004	$515,000	$352.74	103.02%	103.02%	12/01/2008	23
163	Loft	835 Locust Ave 612	2	1/1	2	1,702	1924	$475,000	$279.08	94.06%	60.51%	11/06/2008	889
164	CONDO	488 E Ocean Blvd 703	2	2/	2	1,115	2004	$495,000	$443.95	96.14%	86.84%	3/26/2008	110
165	CONDO	488 E Ocean Blvd P4	1	2/	0	1,460	2004	$515,000	$352.74	98.11%	79.24%	8/05/2008	155
166	CONDO	400 W ocean Blvd 604	2	2/	2	1,070	2007	$520,000	$485.98	99.05%	94.55%	2/04/2008	23
167	CONDO	133 The Promenade 117	3	3/2	2	1,875	2007	$520,000	$277.33	99.05%	94.72%	9/26/2008	58
168	Loft	835 Locust Ave 219	1	1/	0	1,785	2005	$450,000	$252.10	84.91%	84.91%	3/15/2008	18
169	CONDO	388 E Ocean Blvd 1703	2	2/	1	1,000	2004	$550,000	$550.00	95.67%	91.68%	3/26/2008	26
170	CONDO	525 E Seaside Way 1405	1	2/1	2	1,388	1991	$550,000	$396.25	94.99%	94.99%	5/15/2008	6
171	Loft	835 Locust Ave 423	1	1/	2	1,697	2005	$530,000	$312.32	91.38%	102.32%	2/28/2008	18
172	CONDO	115 W 4th St 414	1	1/1	1	1,740	1929	$575,000	$330.46	96.48%	76.67%	6/30/2008	59
173	CONDO	400 W Ocean Blvd 705	2	2/2	2	1,414	2007	$582,500	$411.95	97.25%	83.33%	9/08/2008	126
174	Loft	835 Locust Ave 412	2	1/	2	2,141	2005	$515,000	$240.54	85.83%	80.85%	4/10/2008	306
175	CONDO	525 E Seaside Way 2105	2	2/1	2	1,340	1990	$590,000	$440.30	95.18%	80.93%	9/04/2008	159
176	CONDO	525 E Seaside Way 709	2	2/2	2	1,399	1990	$590,000	$421.73	92.33%	88.19%	5/21/2008	180
177	Loft	835 Locust Ave 522	1	1/	0	1,511	2005	$550,000	$364.00	85.27%	80.98%	2/28/2008	260
178	CONDO	700 E Ocean Blvd 2508	3	2/1	2	1,260	1965	$715,000	$567.46	97.28%	130.02%	7/31/2008	85
179	Loft	115 W 4th St 407	1	1/	1	1,535	1929	$735,000	$478.83	95.58%	89.63%	1/31/2008	148
180	CONDO	700 E Ocean Blvd 1704	3	2/1	2	1,260	1965	$750,000	$595.24	96.28%	96.28%	6/27/2008	98
181		133 N Promenade Walk 106	1	3/2	2	2,271	2007	$905,000	$398.50	100.01%	95.27%	6/27/2008	53
182	CONDO	388 E Ocean Blvd P3	3	3/3	2	2,260	2006	$954,000	$422.12	96.37%	72.00%	11/24/2008	161
183	CONDO	400 W Ocean Blvd 2703	3	3/2	2	1,735	2007	$950,000	$547.55	95.29%	78.13%	11/19/2008	78
184	CONDO	400 W Ocean Blvd 2703	3	3/2	2	1,735	2007	$950,000	$547.55	95.29%	95.29%	12/15/2008	0
185	CONDO	400 W Ocean Blvd 2903	3	2.5/	2	1,759	2007	$1,300,000	$739.06	100.00%	100.00%	1/21/2008	0
186	CONDO	400 W Ocean Blvd 2602	3	3/2	2	1,759	2007	$1,275,000	$724.84	94.44%	94.44%	5/28/2008	35
187	CONDO	840 Cedar Ave 21	2	2/1	0	874	1962	$169,900	$194.39	100.00%	100.00%	4/12/2008	12
188	CONDO	488 E Ocean Blvd 1709	1	1/1	2	640	2004	$200,000	$312.50	100.50%	71.68%	12/14/2008	21
189	CONDO	821 Pine Ave	1	1/1	1	814	1926	$240,000	$294.84	102.17%	102.17%	12/24/2008	13
190	CONDO	730 W 4th St 119	2	2/2	1	957	1987	$175,000	$182.86	61.40%	57.38%	11/15/2008	247
191	CONDO	10 ATLANTIC Ave 409	1	1/1	0	450	1922	$142,000	$315.56	100.00%	100.00%	11/17/2008	0
192	CONDO	535 MAGNOLIA Ave 211	2	2/2	0	1,014	1990	$165,000	$162.72	97.12%	97.12%	11/10/2008	0
193	CONDO	1566 PINE Ave 204A	2	2/2	0	791	1987	$175,000	$221.24	97.77%	70.00%	2/20/2008	0
194	CONDO	1521 LOCUST Ave 11	2	2/1	2	1,121	1990	$175,000	$156.11	97.22%	63.64%	9/04/2008	0
195	CONDO	545 CHESTNUT Ave 107	2	2/1	1	932	1972	$198,200	$212.66	96.32%	82.93%	9/17/2008	0
196	CONDO	821 PINE Ave	1	1/1	1	814	1926	$240,000	$294.84	102.17%	102.17%	12/22/2008	0
197	CONDO	645 PACIFIC Ave 304	2	2/2	0	985	1984	$282,000	$286.29	102.55%	89.55%	1/26/2008	0
198	CONDO	388 E OCEAN Blvd 811	1	1/1	0	680	0	$270,000	$397.06	93.10%	93.10%	12/09/2008	0
199	CONDO	1500 PINE 10	2	2/1	2	1,015	2007	$380,000	$374.38	104.11%	116.92%	12/19/2008	0
200	CONDO	1500 PINE Ave 11	2	2/1	2	1,015	2007	$420,000	$413.79	100.00%	100.00%	2/26/2008	0
201	CONDO	1500 PINE Ave 21	2	2/1	2	0	2007	$420,000	$0.00	100.00%	100.00%	2/26/2008	0
202	CONDO	1500 PINE Ave 22	2	2/1	2	1,015	2007	$420,000	$413.79	100.00%	100.00%	2/26/2008	0
203	CONDO	1500 PINE Ave 23	2	2/1	2	1,015	2007	$420,000	$413.79	100.00%	100.00%	2/26/2008	0
204	CONDO	1500 PINE Ave 7	2	2/1	2	1,015	2007	$420,000	$413.79	100.00%	100.00%	2/26/2008	0
205	CONDO	1500 PINE Ave 8	2	2/1	2	0	2007	$420,000	$0.00	100.00%	100.00%	2/26/2008	0
206	CONDO	1500 PINE Ave 9	2	2/1	2	1,015	2007	$420,000	$413.79	100.00%	100.00%	2/26/2008	0
207	CONDO	1500 PINE Ave 16	3	3/2	2	1,365	2007	$550,000	$402.93	100.00%	100.00%	2/26/2008	0
Average			2		2	946		$299,004	$303.06	96.89%	89.92%		92
Number of Properties: 207
Average ( SalePrice / SqFt ) : ( 299004 / 946 ) = $ 316.07

 

 

 

 

 

 

Downtown Long Beach Income Properties

We end 2008 with 48 Downtown Long Beach Income Properties For Sale

• Average Price:  $680,362 down substantially from our last update of $798,018 on Sept 29, 2008
  
• Average Days on Market:159 up substantially from our last update of 124

 

Downtown Long Beach and Alamitos Beach Income Properties for sale:

This is a live feed direct from the MLS of ALL Alamitos Beach and Downtown Long Beach Income Properties For Sale it is ALWAYS up to date and current.

 

11 Downtown Long Beach Income Properties are Pending in escrow, up from 3 on our last update.

• Average Price:  $532,854 up from our last update of $334,800 on Sept 29 2008, which was down substantially from the prior of $506,940.  I mention this discrepancy so you will understand that the $334,800 was likely an anomoly, a period of time when larger units at higher prices just did not change hands. 
  

• Average Days on Market:  65 up from our last update of 46 which also was down substantially from the prior update of 62.

2 Downtown Long Beach Income Properties are in escrow accepting back up offers.  (There were no income properties accepting back up offers in Downtown last month).

 

• Average Price:  $900,000
• Average Days on Market:  52

49 Downtown Long Beach Income Properties have sold (closed escrow) in 2008 up substantially from our prior update of 18 on Sept 29, 2008

• Average Price:  $500,367 down substantially from our prior update of $669,200 of Sept 29 2008, which was down substantially from our August update of $741,706, that drop is enough to consider buying income properties in Long Beach again!
  
• Average Days on Market:79 down from prior update of 99 down a bit from last months 111, which means that income property buyers and investors are liking the new price point!

 

2008 Closed Sales - Downtown Long Beach Income Properties

#	Address	Units	Gar	Bldg SqFt	YBlt	Sold Price	SP/ SqFt	SP/LP	SP/OLP	Sold Date	DOM
1	926 Daisy Ave	2	2	1,844	1922	$90,000	$48.81	100.00%	27.70%	11/14/2008	203
2	1003 E 11th St	2	0	880	1955	$165,000	$187.50	97.12%	97.12%	12/10/2008	17
3	1191 N Loma Vista Dr	2	0	1,076	1919	$165,000	$153.35	82.54%	46.89%	6/25/2008	99
4	224 W 14th St	2	2	1,654	1919	$195,000	$117.90	97.55%	97.55%	6/14/2008	5
5	1034 Lewis Ave	2	0	1,100	1922	$219,000	$199.09	95.26%	84.26%	12/01/2008	34
6	735 Martin Luther King Jr Ave	2	0	1,040	1932	$215,000	$206.73	89.62%	89.62%	11/19/2008	29
7	1326 Martin Luther King Jr Ave	2	0	1,140	1921	$230,000	$201.75	95.87%	92.04%	7/31/2008	34
8	1770 Magnolia Ave	3	1	1,559	1935	$280,000	$179.60	100.00%	95.08%	11/05/2008	37
9	348 W 7th St	3	3	1,914	1960	$305,000	$159.35	103.42%	103.42%	11/21/2008	12
10	333-335-337 W 8TH St	3	0	0	1921	$275,000	$0.00	91.70%	64.04%	4/02/2008	159
11	833 E 10th St	2	2	1,608	1906	$290,000	$180.35	90.65%	85.32%	9/05/2008	65
12	616 W 11th St	4	4	2,960	1920	$325,000	$109.80	100.03%	100.03%	12/02/2008	3
13	1602 Pine Ave	2	2	1,628	1913	$335,000	$205.77	101.52%	101.52%	8/01/2008	17
14	348 W 7th St	3	3	1,914	1960	$200,000	$104.49	57.14%	51.68%	9/23/2008	176
15	1122 N Crystal Ct	3	2	0	1923	$365,000	$0.00	102.82%	102.82%	8/08/2008	24
16	120 W 12th St A	4	0	3,463	1925	$380,000	$109.73	101.33%	101.33%	10/20/2008	13
17	950 Maine Ave	3	2	2,664	1923	$362,000	$135.89	93.06%	93.06%	12/05/2008	1
18	316 W 12th St	4	0	1,944	1921	$360,000	$185.19	92.33%	92.33%	6/05/2008	24
19	1330 Lemon Ave	4	0	3,380	1937	$419,900	$124.23	100.00%	100.00%	12/15/2008	8
20	701 E 5th St 4	4	2	3,191	1909	$452,000	$141.65	100.47%	100.47%	10/29/2008	8
21	948 Locust Ave	4	4	4,412	1906	$425,000	$96.33	94.44%	85.02%	11/17/2008	15
22	1631 Pine Ave	3	2	0	1910	$350,000	$0.00	76.10%	70.01%	5/17/2008	98
23	452 W 8th St	4	4	2,342	1950	$495,000	$211.36	99.02%	99.02%	9/22/2008	5
24	324 W 9th St	4	0	3,372	1925	$451,500	$133.90	90.30%	90.30%	12/19/2008	33
25	1471 Chestnut Ave	4	5	4,276	1925	$585,000	$136.81	96.77%	92.14%	8/29/2008	84
26	806 Maine Ave	4	4	3,174	1962	$614,700	$193.67	100.00%	102.62%	6/17/2008	22
27	225 Atlantic Ave	7	0	4,032	1922	$735,000	$182.29	94.84%	91.99%	2/20/2008	159
28	1537 Locust Ave	8	6	4,440	1963	$780,000	$175.68	98.86%	95.24%	12/09/2008	164
29	632 W 8th St	4	0	3,558	1924	$750,000	$210.79	93.87%	93.87%	5/28/2008	33
30	943 Lime Ave	8	4	5,826	1934	$770,000	$132.17	93.96%	87.50%	1/11/2008	352
31	1760 Henderson Ave	11	8	5,310	1959	$1,000,000	$188.32	95.33%	86.96%	1/18/2008	94
32	1063 E Anaheim St	18	0	0	1928	$1,030,000	$0.00	88.03%	97.17%	1/09/2008	183
33	1085 Lewis Ave	14	0	6,441	1923	$1,150,000	$178.54	97.46%	90.20%	7/07/2008	63
34	834 Maine Ave	16	5	7,440	1922	$1,300,000	$174.73	100.00%	98.11%	1/28/2008	117
35	639 W 4th St	14	7	8,346	1965	$1,425,000	$170.74	91.94%	91.94%	7/17/2008	20
36	937 Magnolia Ave	18	5	8,474	1946	$1,545,000	$182.32	98.79%	100.65%	2/17/2008	155
37	950 Maine Ave	3	0	2,664	1923	$285,000	$106.98	89.06%	89.06%	4/12/2008	16
38	1033 N Virginia Ct	3	3	2,194	1922	$470,900	$214.63	96.12%	82.63%	6/07/2008	102
39	423 E 14th St	3	2	1,778	1920	$247,000	$138.92	92.20%	73.53%	4/28/2008	83
40	1076 E 16th St	2	6	0	1948	$280,000	$0.00	96.55%	53.85%	7/05/2008	235
41	1584 Elm Ave	2	0	1,724	1922	$317,000	$183.87	102.29%	84.56%	8/14/2008	119
42	1532 Elm Ave	2	0	2,796	1912	$310,000	$110.87	98.44%	98.44%	11/12/2008	30
43	1136 E Alhambra Ct A	4	0	2,368	1923	$320,000	$135.14	98.46%	98.46%	11/10/2008	14
44	1347 Alamitos Ave	4	0	2,020	1907	$315,000	$155.94	95.48%	72.43%	10/21/2008	45
45	1732 Henderson Ave	3	5	2,116	1935	$349,000	$164.93	100.00%	81.35%	12/25/2008	137
46	1044 E 17th St	2	2	1,476	1922	$360,000	$243.90	102.89%	102.89%	6/20/2008	34
47	1745 Orange Ave	2	2	2,125	1937	$380,000	$178.82	97.46%	97.46%	7/18/2008	73
48	1642-1644 Linden Ave	2	4	1,422	1905	$600,000	$421.94	92.31%	96.08%	6/27/2008	304
49	1470 Elm Ave	10	10	6,072	1959	$1,250,000	$205.86	98.04%	98.04%	4/25/2008	100
Average		5	4	3,072		$500,367	$167.74	95.13%	88.32%		79
Number of Properties: 49
Average ( SalePrice / SqFt ) : ( 500367 / NaN ) = $ NaN.00

Expired:  106

Withdrawn:  0

Cancelled:  42

 

 

 

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