Downtown Long Beach California is Incredible
Imagine, Sunshine 345 days of the year.
Walking to your office.
Gazing at the ocean, from your office or condo windows.
Going to the beach after work.
The most amazing sunsets God created - every day.
The Downtown Long Beach CA 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. Read More>>>
- Downtown Long Beach Homes For Sale $300000 to $500000
- Downtown Long Beach Homes For Sale $500000 and up
- Downtown Long Beach Homes For Sale 90802 90813
- Downtown Long Beach Duplexes For Sale 90802 90813
- Alamitos Beach Condos For Sale $400000 to $500000
- Alamitos Beach Condos For Sale $500000 to $600000
- Alamitos Beach Condos For Sale $600000 to $800000
- Alamitos Beach Condos For Sale $800000 to $1000000
- Alamitos Beach Condos For Sale $1000000 and more
Live Work Properties and Living in Long Beach California-Long Beach Real EstateLive Work Properties and Living in Long Beach California-562-212-5420-Long Beach Real EstateLive 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.
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 3rd or a 4th 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.
Benefits of Working from Home
Monetary benefits of Working from Home
Deep Reductions in expenses:
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
http://www.longbeachrealestatehome.com/00AACC Posted on May 06, 2010 21:05:00 by Laurie Manny Professional Group
Laurie Manny Professional Group |
Long Beach Investment Properties Market Report-2 to 4 units For Sale-Long Beach Income Properties-Long Beach Real EstateLong Beach Investment Properties Market Update 2 to 4 units For Sale 562-212-5420-Long Beach Income Properties-Long Beach Real EstateLong Beach Income Properties Update and Market Report2 - 4 Units
Updated May 5, 2010
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
Long Beach Homes For Sale
Long Beach Condos For Sale
Long Beach Income Properties For Sale
http://www.longbeachrealestatehome.com/009112 Posted on May 05, 2010 21:45:00 by Laurie Manny Professional Group
Laurie Manny Professional Group |
$8,000 Federal Tax Credit for First Time Home Buyers - Long Beach Real Estate$8,000 Federal Tax Credit for First Time Home Buyers-Time is running out only 18 days left to get under contract.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:
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:
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:
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. 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.
http://www.longbeachrealestatehome.com/00A033 Posted on April 11, 2010 18:09:00 by Laurie Manny Professional Group
Laurie Manny Professional Group |
Long Beach Homes-Issues for 1st Time Home BuyersLong Beach Homes-Issues for 1st Time Home BuyersIssue for First Time Home Buyers - Long Beach Real Estate
Long Beach FHA First Time Buyer Tips With so many Long Beach homes and condos 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?
When a Long Beach home becomes available in really good condition, priced to sell it will likely receive multiple offers very quickly. FHA offers are often being put to the side while banks and sellers entertain offers with 20% or better down payments and all cash offers, often from investors. It is critical for an FHA buyer to write the strongest NET offer possible. Even with a strong offer it is very difficult for an FHA buyer to compete against the stronger offers. FHA buyers who successfully purchase are finding that their best option is often looking at homes and condos that have been on the market for a while. These homes and condos don't present the multiple offer problem and often result in a sale. While homes and condos that sit for a while sometimes do have issues beyond the buyers ability to deal with, if you pick through them you can often find an overlooked gem. Many FHA buyers are very disappointed when they realize what their money will buy in today's market. They are further distressed at how difficult it is to get an FHA offer accepted in todays market. Make sure that your expectations are realistic. Look around at what is available below your price range. This will make it possible for you to bid up closer to market value and perhaps get your offer accepted if the seller is considering FHA offers.
While it may take some time, it is still possible for an FHA buyer to purchase if they are dedicated to the purchase.
Important Long Beach Home Buyer Tips
http://www.longbeachrealestatehome.com/0090A6 Posted on April 06, 2010 12:15:00 by Laurie Manny Professional Group
Laurie Manny Professional Group |
Temple Lofts Penthouse For Sale-835 Locust Ave 611-90813-Downtown Long Beach-Long Beach Real Estate For SaleTemple Lofts Penthouse For Sale (562) 212-5420 - 835 Locust Ave 611-Downtown Long Beach-Long Beach Real Estate For SaleTemple Loft Penthouse For Sale835 Locust Avenue #611 - 90813
Historic Urban Chic Penthouse Loft in Downtown Long Beach For Sale
Details:
Lights in:
Community:
Offered at: $565,000 Monthly HOA: $399 2010 Temple Loft Sales4 Lofts are currently For Sale at the Temple Lofts
3 Lofts are currently In Escrow at the Temple Lofts1 is accepting Back Up offers:
2 are pending In Escrow:
1 Loft Sold, Closed Escrow, at the Temple Lofts:
2009 Closed Sales - Temple Lofts - Downtown Long Beach Lofts
The Lofts of Long Beach
Long Beach Area Information
Contact Laurie (562) 212-5420 to view this beautiful Long Beach Penthouse Loft.
http://www.longbeachrealestatehome.com/00A82D Posted on March 01, 2010 21:52:00 by Laurie Manny Professional Group
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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.





























Many bank owned homes have several of these issues placing the seemingly affordable home into the unaffordable range for the FHA buyer. For instance a buyer may be able to afford a new roof, but not be able to afford to reframe the roof if that too is necessary, this can become a large expense. 
