Long Beach Real Estate-Long Beach Condos

Spinnaker Bay Homes & Townhouses

Market Report and Update 2010

Spinnaker Bay - Long Beach California

Luxury Waterfront Homes and Townhouse Sales

Surrounded by water Spinnaker Bay and Spinnaker Cove are the perfect environment to enjoy waterfront resort style living at it's finest.  Elegantly appointed, mediterranean style waterfront homes and lavish townhouses offer assorted sized boat slips, there is even a cay for boats of 50 feet.  Larger boat slips are at a premium here in Long Beach, at Spinnaker you can step out of your home and onto your boat for a day of enjoyment cruising the lovely Naples Canals, for a day out on the Ocean deep sea fishing or take a trip over to Catalina Island, 25 miles off of our shore.  Prefer a longer voyage? Cruise down to Newport for dinner, San Diego or Santa Barbara for the weekend!  Easy and unobstructed access from your dock to open water.  Looking for a great spot to purchase a vacation home?  Spinnaker Bay is perfect!

 

Just 24 miles south of LAX and 19 miles north of John Wayne airport, Spinnaker Bay is conveniently located to accommodate your travel needs.  We even have our own airport!  Long Beach Airport is just minutes away with regularly scheduled flights to and from New York and many other locations for your convenience, we are home to Jet Blue airlines.  Freeways are easily accessible, but far enough away not to be a nuisance. 

 

Shopping, theaters and restaurants are close by, some providing boat slips for easy access.  It's a waterfront lifestyle at Spinnaker Bay and Spinnaker Cove. 

 

What are you waiting for?

View Larger Map

5 Spinnaker Cove Luxury Townhouses For Sale

Spinnaker Coves Community includes:  Community Pool and Spa, Tennis Courts and Clubhouse nestled in a beautiful garden setting. 

#	Type	Address	Bed	B t/f	St	Gar	SqFt	YBlt	List Price	DOM
1	CONDO	5416 Heron Bay 20	3	3/3	2	2	1,748	1982	$669,950	10
2	CONDO	5415 Heron Bay	3	3/2	3	2	1,532	1982	$749,000	77
3	CONDO	5650 Azure Bay	3	3/2	3	2	1,748	1982	$925,000	633
4	CONDO	5654 Azure Way	3	3/2	2	2	1,769	1982	$1,100,000	32
5	CONDO	5530 Azure Way	4	4/3	3	2	2,068	1982	$1,395,000	77
Average			3			2	1,773		$967,790	166
Number of Properties: 5
Average ( ListPrice / SqFt ) : ( 967790 / 1773 ) = $ 545.85

*DOM=Days on Market

4 Spinnaker Bay Luxury Homes For Sale

#	Type	Address	Bed	B t/f	St	Gar	SqFt	YBlt	List Price	DOM
1	SFR	320 Salta Verde Pt	3	4/3	2	2	2,841	1998	$1,200,000	360
2	SFR	5872 Spinnaker Bay Dr	3	3/2	2	2	2,700	1991	$1,565,000	46
3	SFR	5769 Spinnaker Bay Dr	4	3/2	2	2	2,540	1990	$1,695,000	166
4	SFR	6025 Prince Is	3	4/3	2	2	2,693	1998	$1,795,000	105
Average			3			2	2,694		$1,563,750	169
Number of Properties: 4
Average ( ListPrice / SqFt ) : ( 1563750 / 2694 ) = $ 580.46

*DOM=Days on Market

 

View Spinnaker Bay Homes and Spinnaker Cove Townhouses For Sale

Updated regularly.  Contingent status is in escrow accepting back up offers. 

 

 

Search Long Beach Homes and Condos now:

 

Spinnaker Bay Luxury Home with 40' Boat Slip	350 Salta Verde Pt.
Buyer Represented by
Laurie Manny	Sale Price $1,755,000

Spinnaker Bay Luxury Homes and Townhouses - Sales 2009

 

6  Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses Sold -Closed Escrow - in 2009

 

• Average Sale Price: $1,044,750
• Average Days on Market: 198

 

#	Type	Address	Bed	B t/f	St	Gar	SqFt	YBlt	Sold Price	Sold Date	DOM
1	CONDO	5404 Heron Bay	3	3/2	2	2	1,748	1982	$760,000	11/20/2009	88
2	CONDO	5628 Azure Way	2	3/2	3	2	1,532	1982	$872,500	11/12/2009	104
3	CONDO	5542 Azure Way	3	3/2	2	2	1,748	1982	$935,000	5/01/2009	241
4	SFR	311 Whites Lndg	3	3/2	2	2	2,265	1992	$1,075,000	11/24/2009	197
5	SFR	5540 Spinnaker Bay Dr	3	3/2	2	2	2,032	1989	$1,123,000	9/23/2009	209
6	SFR	346 Parsons Lndg	3	3/2	3	2	2,323	1990	$1,305,000	10/16/2009	347
Average			3			2	1,941		$1,011,750		198
Number of Properties: 6
Average ( SalePrice / SqFt ) : ( 1011750 / 1941 ) = $ 521.25

*DOM=Days on Market

Spinnaker Bay Luxury Homes and Townhouses - Sales 2008

10 Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses closed escrow in 2008

 

• Average Sale Price: $1,314,358
• Average Days on Market: 171

 

#	Type	Address	Bed	B t/f	St	Gar	SqFt	YBlt	Sold Price	Sold Date	DOM
1	CONDO	5400 Heron Bay	3	3/2	3	2	1,769	1982	$735,000	8/01/2008	170
2	CONDO	5405 Heron Bay	3	3/3	2	2	2,202	1982	$780,000	8/29/2008	131
3	SFR	310 Blue Cavern Pl	3	3/2	S	2	2,307	1989	$900,000	8/13/2008	162
4	SFR	310 Casino Pt	3	3/2	2	2	2,265	1997	$1,285,000	4/17/2008	5
5	SFR	5580 Spinnaker Bay Dr	3	3/2	2	2	2,032	1989	$1,302,000	10/12/2008	57
6	SFR	5960 Spinnaker Bay Dr	3	2.5/	2	2	2,560	1998	$1,323,000	1/05/2008	240
7	SFR	319 Empire Lndg	3	3/1	2	2	2,429	1989	$1,400,000	6/21/2008	54
8	SFR	343 Blue Cavern Pt	3	3/2	2	2	2,032	1989	$1,493,500	6/17/2008	284
9	SFR	343 Whites Lndg	3	3/2	2	2	2,265	1993	$1,600,000	11/12/2008	74
10	SFR	335 Salta Verde Pt	3	4/3	2	2	2,693	1998	$1,573,800	6/18/2008	403
11	SFR	5549 Toyon Bay	3	3/2	2	2	2,429	1989	$1,625,000	12/02/2008	136
12	SFR	350 Salta Verde Pt	3	3/2	2	2	2,560	1998	$1,755,000	6/06/2008	333
Average			3			2	2,295		$1,314,358		171
Number of Properties: 12
Average ( SalePrice / SqFt ) : ( 1314358 / 2295 ) = $ 572.71

*DOM=Days on Market

 

Spinnaker Bay Luxury Homes and Townhouses - Sales 2007

 

6 Spinnaker Bay Luxury Homes and 4 Spinnaker Cove Luxury Townhouses - Sold - Closed Escrow - in 2007

RES	Type	Address	Zip	Bd	Bth	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	CONDO	5409 Heron Bay	90803	3	3	2	2 A	2,202	1982	$825,000	60
2	CONDO	5418 Heron Bay	90803	3	3	S	2 A	1,748	1982	$950,000	34
3	CONDO	5403 Heron Bay	90803	3	3	2	2	2,202	1982	$1,050,000	37
4	CONDO	5532 Azure Way	90803	3	3.5	2	2 A	2,068	1982	$1,347,500	10
5	SFR	5564 Spinnaker Bay Dr	90803	3	2.5	2	2 A	2,032	1989	$1,350,000	132
6	SFR	330 Whites Landing	90803	3	2.5	2	2	2,003	1995	$1,560,000	89
7	SFR	5757 Spinnaker Bay Dr	90803	3	3	2	2 A	2,429	1990	$1,550,250	28
8	SFR	323 Blue Cavern Pt.	90803	3	3	2	2 A	2,032	1989	$1,575,000	161
9	SFR	351 Whites Landing	90803	4	2.75	2	2 A	2,531	1993	$1,920,000	334
10	SFR	6085 Prince Island	90803	3	2.5	2	2 A	2,430	1998	$2,150,000	324

 

• A - For Sale
• P - Pending in Escrow
• B - In Escrow, accepting Back-up offers
• S - Sold - Closed Escrow
• DOM - Days on Market
• TGNO - Thomas Guide Map Number

 

Call Laurie today for your appointment to view beautiful Spinnaker Bay and Spinnaker Cove Luxury Dream Homes and Townhouses

(562) 212-5420

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Long Beach Condos - 2010 Sales Update

State of the Market

Updated May 26, 2010

Despite assorted claims that prices are going up, actual sales statistics do not support these claims  Below find 2010 Long Beach Condo sales indicating what is currently available and what has actually sold (closed escrow) in specific categories.  In each case recent average closed sale prices are below average active sale prices. 

Have you ever wondered what the value of an additional bath or an additional parking space is? Have you pondered how important this is to buyers?  Do you doubt that an additional bath or parking space may be the catalyst that actually sells your Long Beach Condo? 

The number of bedrooms, bathrooms and assigned or deeded parking spaces makes a difference in the value and desirability of Long Beach Condos for sale; there is considerable value attributed to additional bathrooms and parking spaces.  Today's buyer is searching for the most their money will purchase.  While most buyers want a master and a guest bath for their convenience, they are also considering future resale value; they are buying today anticipating the future sale of the condo. Condos with 2 baths and parking spaces command higher prices on resale.   While condo sellers usually cannot cure the lack of an additional bath or parking space they can price their condos appropriately to entice a buyer to purchase. Staged condos increase desirability and command higher prices.  Overpricing your Long Beach Condo will cause you to chase the market down. 

 

Many Long Beach condos that are remodeled, staged and priced to sell are receiving multiple offers as fast as they are placed onto the market.  Multiple offers are great for the seller, they are able to choose a strong offer and have the best chance of closing escrow.  Multiple offers are very stressful for buyers who must carefully consider their offer in order to compete with the many offers.  Many sellers, including banks, are utilizing pricing strategies at this time; pricing low to incite multiple offers and drive the price up to as close to market value as possible.  They do not want to sit on the market and have their listing become stale, they want it sold quickly.  Smart buyers are recognizing these strategies and are writing their offers accordingly for acceptance. 

Some Long Beach condos are currently experiencing financial difficulties.  Buyers will learn about HOA finances and how they can seriously affect your financial future in this article:  Long Beach Condo Buyers Beware

Here we have broken down 2010 Condo sales in Long Beach to specifically show what the consumer is buying - what is important to them.  We hope you find this information helpful when thinking of buying or selling your Long Beach Condos. 

Long Beach Condos - 3 Bedrooms 3 baths 2 parking spaces

Currently Active on Market:  27

Average Price:  $728,649

Average Days on Market:  80

Average ( ListPrice / SqFt ) : ( 728649 / 1836 ) = $ 396.87

13 CLOSED SALES:

Average Price:  $475,307

Average Days on Market:  68

Average ( SalePrice / SqFt ) : ( 475307 / 1748 ) = $ 271.91

Long Beach Condos - 3 Bedrooms 2 baths 2 parking spaces

Currently Active on Market:  14

Average Price:  $576,992

Average Days on Market:  108

Average ( ListPrice / SqFt ) : ( 576992 / 1417 ) = $ 407.19

13 CLOSED SALES:

Average Price:  $481,961

Average Days on Market:  104

Average ( SalePrice / SqFt ) : ( 481961 / 1330 ) = $ 362.38

Long Beach Condos - 3 Bedrooms 2 baths 1 parking space

Currently Active on Market:  4

Average Price:  $290,500

Average Days on Market: 63

Average ( ListPrice / SqFt ) : ( 290500 / 1206 ) = $ 240.88

4 CLOSED SALES:

Average Price:  $377,250

Average Days on Market: 47

Average ( SalePrice / SqFt ) : ( 377250 / 1273 ) = $ 296.35

Long Beach Condos - 2 Bedrooms 2 baths 2 parking spaces

Currently Active on Market:  72

Average Price:  $338,703

Average Days on Market: 97

Average ( ListPrice / SqFt ) : ( 338703 / 1138 ) = $ 297.63

79 CLOSED SALES:

Average Price:  $293,403

Average Days on Market:  107

Average ( SalePrice / SqFt ) : ( 293403 / 1116 ) = $ 262.91

Long Beach Condos - 2 Bedrooms 2 baths 1 parking space

Currently Active on Market:  58

Average Price:  $281,643

Average Days on Market: 85

Average ( ListPrice / SqFt ) : ( 281643 / 993 ) = $ 283.63

129 CLOSED SALES:  

Average Price:  $265,719

Average Days on Market:  93

Average ( SalePrice / SqFt ) : ( 265719 / 1046 ) = $ 254.03

Long Beach Condos - 2 Bedrooms 1 bath 2 parking spaces

Currently Active on Market:  5

Average Price:  $160,640

Average Days on Market: 39

Average ( ListPrice / SqFt ) : ( 160640 / 894 ) = $ 179.69

4 CLOSED SALES:  

Average Price:  $145,225

Average Days on Market: 45

Average ( SalePrice / SqFt ) : ( 145225 / 847 ) = $ 171.46

Long Beach Condos - 2 Bedrooms 1 bath 1 parking space

Currently Active on Market:  12

Average Price:  $197,691

Average Days on Market: 84

Average ( ListPrice / SqFt ) : ( 197691 / 898 ) = $ 220.15

15 CLOSED SALES:  

Average Price: $139,866

Average Days on Market: 71

Average ( SalePrice / SqFt ) : ( 139866 / 838 ) = $ 166.90

Long Beach Condos - 1 Bedroom 1 bath 1 parking space

Currently Active on Market:  57

Average Price:  $203,661

Average Days on Market:  95

Average ( ListPrice / SqFt ) : ( 203661 / 690 ) = $ 295.16

58 CLOSED SALES: 

Average Price:  $194,981

Average Days on Market:  98

Average ( SalePrice / SqFt ) : ( 194981 / 740 ) = $ 263.49

Long Beach Loft Sales - All

Currently Active on Market:  8

Average Price:  $414,250

Average Days on Market: 123

Average ( ListPrice / SqFt ) : ( 414250 / 1713 ) = $ 241.83

10 CLOSED SALES:

Average Price: $297,300

Average Days on Market: 168

Average ( SalePrice / SqFt ) : ( 297300 / 1187 ) = $ 250.46

When you are ready to buy or sell your Long Beach Condo call Laurie (562) 212-5420 to begin your search. 

 

We have put together important information for first time Long Beach home buyers:

 

• Don't Make Any Major Purchases
• Things to Avoid Before Purchasing a Long Beach Homee
• Changing Jobs Affects Your Ability to Purchase a Long Beach Home
• Long Beach Homes - Issues for 1st Time Buyers
• Long Beach home owners can deduct PMI
• Long Beach Condo Buyers Beware
• Long Beach Condos - Buyer Tips for a Smart Purchase

 

Custom Search's for Foreclosed-REO-Bank Owned Homes-Condos-Income Properties by area:

• Long Beach

• Bemont Shore, Naples Island, Belmont Heights, Bluff Park, Bluff Heights, Rose Park
• Downtown Long Beach, Alamitos Beach
• Long Beach, Signal Hill, Los Alamitos, Rossmoor, Cypress, Lakewood, San Pedro
• North Long Beach

• Lakewood
• Huntington Beach
• Newport Beach - Newport Coast

Long Beach Condos For Sale

• Long Beach Condos For Sale $1,500,000 and higher
• Long Beach Condos For Sale $1,000,000 to $1,500,000
• Long Beach Condos For Sale $900,000 to $1,000,000
• Long Beach Condos For Sale $800,000 to $900,000
• Long Beach Condos For Sale $700,000 to $800,000
• Long Beach Condos For Sale $600,000 to $700,000
• Long Beach Condos For Sale $500,000 to $600,000
• Long Beach Condos For Sale $400,000 to $500,000
• Long Beach Condos For Sale $300,000 to $400,000
• Long Beach Condos For Sale Under $300,000

 

http://www.longbeachrealestatehome.com/00AB7D

Live Work Properties - Long Beach Real Estate

Urban Living Lifestyle Alternatives

I often wonder what is in the minds of real estate developers.  How do they decide what to build and where?  Sure, they conduct surveys and build what they believe will be desirable enough to sell.   But do they hit the mark?  Are they really providing the living spaces that today's savvy buyers crave?  Sometimes yes...sometimes no. 

Long Beach Buyers who contact me almost always want an extra bedroom to convert into a home office; a guesthouse works great too.  I've seen dining rooms and garages in Long Beach turned into home offices when the needed space just wasn't available inside the home.   The thing is that a bedroom office is a work space contained within the homes living space and that isn't always ideal environment for all home based businesses, especially those with consumer traffic, or when you need 2 separate his and hers offices.  Where is the space going to come from?  Do you really want to buy a 4 bedroom house to accommodate the home offices inside the home? 

Our Long Beach Lofts are highly desirable live/work spaces for professionals who love the urban living environment they provide.  Quite a few buyers have either purchased or have considered purchasing one of the newer lofts in Downtown Long Beach or Alamitos Beach planning on carving a home office or work area into the expansive spaces.  It worked for some - mostly for those running virtual businesses from home. 

Downtown Long Beach Loft Living - It's a Lifestyle!

It's difficult to conduct business from within the home environment when children are present, even if you close the door.  While we love our children and most parents have a built in off switch, is it really professional to hear children running around being noisy in the background when you are on a business or sales call?  There is a real need for separate office space for many who chose to work from home. 

With so many people working from home now functional living and work space should be a factor when designing living environments in both urban and more rural areas.  We don't seem to have moved into this arena much; perhaps it is because we are already so built up.   When the majority of homes were built years ago on most of the available land we didn't have the same needs or concerns as we now do. 

When searching for a live/work home there are many things to consider. 

• Does the business need a separate space for instance a storefront or professional office?
• Would a particular neighborhood be more conducive to a successful business?
• Do you need a visible location on a main avenue with signage?
• Do you want your business housed in a free standing structure?
• Do you need a parking lot? If so, how many spaces are required?
• Are you willing to remodel the storefront or office to suit your personal needs? Is it financially responsible to remodel? Or does it need to be in ready condition - already close to perfect for your needs?
• Do you live alone or do you have a family to consider?
• Do you only need a functional living area or do you need an actual home?
• Does your business have foot traffic and how will that affect your personal living space?
• Is your business virtual? Will there be no foot traffic?
• Is the home environment more important than the business?
• Do you prefer a more residential neighborhood?
• Would a bedroom office work for you?
• Do you require a guesthouse to convert into your office? Does it need a separate entrance?
• Would additional rental income help you pay the mortgage?

Many questions need to be addressed and answered when you are considering consolidating your business into your home living space; it's a big decision. 

The shortage of available live/work space in Long Beach has caused some business owners to purchase mixed use income properties providing both space for their business and a living environment.  Live in one, use the other for your business, if that works for you.  In some cases a 3^rd or a 4^th unit will provide additional rental income to help offset that mortgage. 

In Long Beach we have a plethora of Mixed Use Properties available in all sorts of configurations and condition. 

• Storefronts or professional office space with apartments above.
• Freestanding retail stores or professional offices with units out back and/or above.
• Front houses on main avenues, zoned for retail or commercial use, with or without additional units.

Benefits of Working from Home

• Less Stress
• No distractions.
• Privacy. Conversations not overheard. No wandering eyes.
• Control schedule, can flex hours to fit lifestyle.
• Secure environment, no petty theft.
• No drive time. No more wasting 2 hours or more travelling to and from the job.
• No Prep time. Wake up. Have coffee. Go to work.
• Personal space. Decorate or arrange to personal taste. Make functional for yourself.
• Virtual environment
• Hire virtual employees as independent contractors. Decrease payroll expenses.
• Complete control over your life.

Monetary benefits of Working from Home

 

Deep Reductions in expenses: 

• Rent
• Payroll
• Insurance
• Utilities
• Gasoline
• Eating out
• Other business overhead expenses...
• Business attire
  
  • Clothing
  • Shoes
  • Accessories
  • Dry cleaning
  • Shoemaker
  • Etc...

 

A Mixed Use property purchase requires a commercial loan.  The interest rates are usually a bit higher as are the qualification requirements.  Lenders usually want the buyer to have at least 50% down payment before agreeing to fund the loan.  Before deciding to search for a property zoned commercial or retail you should consult with a commercial lender. 

If you are thinking that buying a Mixed Use property might work for you it would be my pleasure to guide you through the process from beginning to end.  Contact me to discuss this very real possibility at (562) 212-5420.  If you own a Mixed Use or Residential Income Property and are thinking about selling and understand the value of top of the search engine exposure, ask me about my Unique Internet Marketing plan. 

 

Long Beach Income Properties Market Update 2 to 4 units For Sale

 

Long Beach Income Properties For Sale

• Income Property For Sale in Long Beach California-5+ Units
• 2 to 4 Units For Sale in Long Beach California
• Triplexes For Sale in Long Beach California
• Duplexes For Sale in Long Beach California

 

 

http://www.longbeachrealestatehome.com/00AACC

Long Beach Income Properties Update and Market Report

2 - 4 Units

Updated May 5, 2010

 

 

Year	2-4 Units Closed Sales	Avg Sold Price	Avg Days on Market
2000	668	$251,230	62
2001	680	$275,447	58
2002	917	$335,175	47
2003	905	$430,067	38
2004	845	$569,532	40
2005	909	$664,537	46
2006	635	$713,856	68
2007	349	$715,638	88
2008	345	$462,084	87
2009	460	$365,475	78
2010	123	$372,342	72

Sales of Long Beach Income properties (2 -4 units), are picking up as buyers realize what good buys they are right now.  Prices are up slightly in since January but are still low, days on market are down some.  Smart investors are investing in the Long Beach income property market and future planning for retirement income.  Some of these income property sales have provided instant return on investment (ROI), others will do so in short order. 

Bank owned investment properties have been entering the market here in Long Beach providing excellent opportunities for ownership. 

Gross Rent Multiplier's (GRM) are down and Cap Rates are up.  The days of a 14 + gross rent multiplier are gone.   We are beginning to see GRM's back in the healthy 10 and below range once again.  Smart investors are scooping these up bank owned income properties in Long Beach rather quickly, often with all cash offers or large down payments.  Its a very good time to be out shopping for residential income properties.  

Although Long Beach is part of Los Angeles County, we do not have rent control here.  This makes Long Beach an ideal place to own and operate investment properties. 

2 to 4 income property units may be purchased with a residential loan.  5+ units and mixed use properties will bring you into the commercial arena requiring a commercial loan.   Commercial loans are structured very differently than residential loans and the qualifying process is more rigorous.  A commercial loan will likely require about 50% down payment with a higher interest rate than pure residential.  Contact a commercial lender to find out what you will qualify for and how much down payment the lender will require prior to shopping, the down payment required on commercial loans is usually substantial.

Many buyers in contact us interested in purchasing residential investment properties in Long Beach.  Some are new to this market and don't understand how to purchase.  At this time banks require non-owner occupied units to place a minimum 20% down payment, sometimes higher.  Owner occupied units can be purchased with lesser down payment, ask your lender how much down payment you will require for your purchase.

 

Claiming to purchase owner occupied and not actually occupying is considered to be bank fraud which is a felony. Before considering an income property purchase you should first contact your lender regarding qualification. 

Long Beach has been experiencing a shortage of available homes and condos for sale; as a result buyers are turning to the residential income property market in an attempt to find a fit.  Often a duplex, triplex or a four-plex will provide a very nice front home which may work as a good fit for a 1st time home buyer.  A portion of the rental income generated by the units will be considered by the lender and will assist the buyer to qualify for a higher amount, making the purchase both possible and manageable.  If you are a 1st time buyer and think this may work for you call your lender, ask them how much loan you will qualify for with rental income from a duplex, triplex or a four-plex. 

Buyers are finding that Mixed Use Properties can be a great live/work solution.  We have few live/work properties in Long Beach, finding the right mixed use property in the right location can be a great resolution. 

Income properties are a great solution for parents searching for investment properties to house their college student children.  While the price may be a bit higher than a condo, the income is as well because there are more bedrooms to rent, more bathrooms and more common area than say a condo purchase would provide. 

 

 

There are currently 81 duplexes for sale in Long Beach.  

Average Price: $488,546

Average Days on Market:  115

Lowest priced duplex for sale in Long Beach:  $150,000

Highest priced duplex for sale in Long Beach:  $1,499,000

 

 

There are currently 36 triplexes for sale in Long Beach. 

Average Price:  $613.132

Average Days on Market: 166

Lowest priced triplex for sale in Long Beach: $144,500

Highest priced triplex for sale in Long Beach:  $1,875,000

There are currently 74 Fourplexes for sale in Long Beach. 

Average Price: $528,630

Average Days on Market:  181  

Lowest priced fourplex for sale in Long Beach: $240,000

Highest priced fourplex for sale in Long Beach: $1,555,000

 

 

All 2 to 4 Unit Long Beach Income properties for sale

(Includes Signal Hill)

Includes Standard Sales, Foreclosures, REO and Short Sale Properties

Direct MLS feed is always current and up to date

 

Properties marked contingent are currently in escrow accepting back-up offers.

 

Contact Laurie for more information, available property lists, or to purchase investment properties in Long Beach (562) 212-5420

 

 

(Direct feeds from the Southern California MLS)

Belmont Shore and Naples Island Luxury Real Estate For Sale

• Belmont Shore and Naples Condos For Sale-Long Beach Real Estate
• Belmont Shore Naples Homes For Sale in Long Beach CA $2000000 and up
• Belmont Shore CA Homes for sale under $1000000
• Belmont Shore-Naples Homes For Sale in Long Beach California $1000000 to $2000000

Long Beach Homes For Sale

• Long Beach Homes For Sale $300000 to $400000
• Long Beach Homes For Sale $400000 to $500000
• Long Beach Homes For Sale $500000 to $700000
• Long Beach Homes For Sale $700000 to $900000
• Long Beach Homes For Sale $900000 to $1200000
• Long Beach Luxury Homes For Sale $1200000 to $2500000
• Luxury Homes For Sale in Long Beach California $2.5 Million and up

Long Beach Condos For Sale

• Long Beach Condos For Sale $1,500,000 and higher
• Long Beach Condos For Sale $1,000,000 to $1,500,000
• Long Beach Condos For Sale $900,000 to $1,000,000
• Long Beach Condos For Sale $800,000 to $900,000
• Long Beach Condos For Sale $700,000 to $800,000
• Long Beach Condos For Sale $600,000 to $700,000
• Long Beach Condos For Sale $500,000 to $600,000
• Long Beach Condos For Sale $400,000 to $500,000
• Long Beach Condos For Sale $300,000 to $400,000
• Long Beach Condos For Sale Under $300,000

Long Beach Income Properties For Sale

• Income Property For Sale in Long Beach California-5+ Units
• 2 to 4 Units For Sale in Long Beach California
• Triplexes For Sale in Long Beach California
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Time is running out! 

Only 18 Days left to get under contract!

 

April 30, 2010 is the cutoff for first time buyers to be under contract in order to take advantage of the $8,000 Federal first time buyers tax credit.  Long Beach First Time home buyers who don't already have a home under contract are running out of time.

 

When this bill was signed into law it extended the existing $8,000 first time home owners tax credit (click for more details) through April 30, 2010 for First Time Home buyers and includes a 60 day extension if a binding contract is already in place prior to the deadline.   The credit can be utilized for up to 10% of the home purchase price to a maximum of $8,000.  A first time home owner is defined as someone who has not owned a residence in the last 3 years. Homes purchased in 2010 may claim this tax credit on their 2009 tax returns.  More information on this bill can be found here.

 

Existing homeowners will now receive a tax credit of $6,500 if they have lived in their current homes for 5 years.  This tax credit is available for the purchase of 'principle residences' only, purchased for $800,000 or less.  Home owners will be able to utilize 10% of the purchase price up to a maximum of $6,500 .

This bill increased qualifying income limits for the tax credits as follows:

• Taxpayers filing as single:  Increased to $125,000
• Taxpayers filing jointly:  Increased to $225,000

 

If a home buyer utilizes this tax credit and does not reside in the home for a minimum of 36 months the tax credit must be repaid.  This means the home buyer must use this home as their principle residence for no less than 3 years to retain this tax credit. Active duty military personnel are exempt from this requirement under military order. These tax credits can not be claimed by anyone under 18 years of age.

 

This article should not be construed as tax advice, you should always consult with your tax advisor before making a purchase to decide on what course of action is best for you individually. 

In the last few months I have received many calls from first time home buyers interested in utilizing the $8,000 tax credit who were seeking advice. Many of these buyers were barely able to scrape together the 3 1/2% required for the down payment required to qualify for an FHA loan.  I asked these buyers how they will facilitate necessary and/or emergency repairs to the home once purchased, buyers should ask themselves this question before beginning their search.  There are many things to consider when you are purchasing your first home. One of the most overlooked details when purchasing a first home is after purchase expenses, which can be considerable. 

 

When you purchase your first home be aware of the age of the existing components of the home:

• Age and condition of roof
• Age and composition of plumbing
• Age of electrical components and existing upgrades
  
• Condition of foundation
• Age and condition of windows
• Age and condition of kitchen
• Age and condition of bathroom
• Age and condition of existing flooring
  

These items are all costly repairs and upgrades.  If you do not have the available cash to facilitate these repairs or upgrades how will you handle it when the need arises?  Buying a home is a large responsibility, first time buyers should educate themselves and think to the future before deciding to buy today.  An $8,000 credit today will not help you if you have to spend $40,000 to replace a roof 12 months later and the funds are not available. 

 

We have put together important information for first time Long Beach home buyers:

• Don't Make Any Major Purchases
• Things to Avoid Before Purchasing a Long Beach Home
• Changing Jobs Affects Your Ability to Purchase a Long Beach Home
• Long Beach Homes - Issues for 1st Time Buyers
• Long Beach home owners can deduct PMI
• Long Beach Condo Buyers Beware
  
• Long Beach Condos - Buyer Tips for a Smart Purchase
  

 

This article addresses issues that many first time home buyers do not consider, that being the remaining life of the existing systems currently in the home and the cost of future replacement. 

• Buying Fixer Upper Homes in Long Beach

We don't just sell homes.  We educate our clients on a consultative basis.  When you are buying your first home your agent should be able to provide you with more than a list of available homes.  Choose your agent carefully, find somebody that you trust is working with your best interests in mind.   

 

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