Harborplace Tower Luxury High Rise Condominiums-525 E Seaside Way-Downtown Long Beach Condos

Harborplace Tower Luxury High Rise Condominiums-Downtown Long Beach California Condos




Harborplace Tower Luxury High Rise Condominiums

Harborplace Tower Luxury High Rise Condominiums - Downtown Long Beach California

525 Seaside Way

Downtown Long Beach California 90802

 


Located at the corner of Ocean Boulevard and Linden, living at the Harborplace Tower Luxury high rise condos places you directly in the heart of Downtown Long Beach.  Find fine dining, interesting shops, the Performing Arts Center, the Promenade, Pine Avenue, Shoreline Village and the Marina all within steps of your front door. 


The Harborplace Tower Condos, completed September 1992, has 22 floors (no 13th floor), 220 residential units, one commercial space plus offices, 3 levels of parking and was designed to provide many different views.  Enjoy sweeping shoreline and waterfront views south to Newport Beach, the Long Beach Marina, Long Beach Harbor and the Port of Long Beach, as well as views including the Cruise Ships entering and exiting the Harbor, the Queen Mary and fantastic city lights views. Ocean view units enjoy ringside seats of Shoreline Drive, which is converted every April into the Long Beach Grand Prix Racetrack.  Ocean view condos also have prime seats for the Downtown Long Beach Fireworks Display on July 4th. Enjoy the races and fireworks from the comfort of your living room or patio without dealing with the crowds. Grand Prix track map can be viewed here.  

 

Resort style amenities and sweeping waterfront and city views...................does it get any better than this? 

  • Pool
  • Spa
  • Gym
  • Sauna
  • Concierge
  • 24 hour security
  • Emergency helipad on rooftop
  • 22 stories
  • 220 residential units
  • 1 commercial space plus offices
  • 3 Parking Levels

 

Harborplace Tower Luxury High Rise Condominiums - Downtown Long Beach California Harborplace Tower Luxury High Rise Condominiums - Downtown Long Beach California

Main Entrance and Guest Parking is accessed at the Seaside Way Entrance

Ocean Boulevard Entrance is reserved for residents only

 


Harbor Place Tower Luxury High Rise Condo SOLD

525 Seaside Way-Harbor Place Tower-Luxury High Rise Condos with Ocean and Waterfront Views

Waterfront Views

 


Search all available Condos For Sale at Harborplace Towers 

Contingent sales are currently "In Escrow"

 

Call today for an appointment to view available condos at Harborplace

(562) 212-5420



5 Harbor Place Tower Condos are currently in escrow

RES Status Address Bd B t/f Gar SqFt Price DOM
1 B  525 E Seaside Way 2010  1/1  2    704  $240,000  65 
2 B  525 E Seaside Way 901  1/1  2    834  $255,000  110 
3 B  525 E Seaside Way 2005  2/1  2    1,340  $385,000  119 
4 P  525 E Seaside Way 1707  2/1  2    1,220  $425,000  147 
5 P  525 E Seaside Way 503  2/2  2    1,310  $445,000  37 


2010 Harborplace Tower - Closed Sales 1/1/2010 - 7/19/2010

RES Address Bd B t/f Gar SqFt Price DOM
1 525 E Seaside Way 1802  1/1  2    622  $240,000  35 
2 525 E Seaside Way 1106  1/1  2    830  $320,000  51 
3 525 E Seaside Way 1204  2/2  2    1,200  $365,855  26 
4 525 E Seaside Way 1404  2/0  2    1,217  $390,000  163 
5 525 E SEASIDE Way 1008  2/     1,112  $415,000  57 
6 525 Seaside 1008  2/1  2    1,112  $415,000  42 
7 525 E SEASIDE Way 708  2/1  0    1,340  $415,000  138 
8 525 E Seaside Way 1205  2/1  2    1,382  $449,000  46 
9 525 E Seaside Way 409  2/2  2    1,313  $485,000  66 


2009 Harborplace Tower - Closed Sales

RES Address Bd B t/f Gar SqFt Price DOM
1 525 E Seaside Way 1802  1/1  2    622  $188,000  11 
2 525 E SEASIDE Way 711  1/     822  $200,000 
3 525 E Seaside Way 2210  1/1  2    625  $225,000  11 
4 525 E Seaside Way 510  1/1  1    625  $210,000  15 
5 525 E Seaside Way 802  1/1  2    622  $195,000  296 
6 525 E seaside Way 1101  1/1  2    834  $329,900  90 
7 525 E Seaside Way 1606  1/1  2    830  $349,000  135 
8 525 E Seaside Way 208  2/2  0    1,340  $385,000  41 
9 525 E Seaside Way 1505  2/1  2    1,382  $435,000  104 
10 525 E Seaside Way 1504  2/2  2    1,200  $435,000  132 
11 525 E Seaside Way 1407  2/1  2    1,324  $424,000  129 
12 525 E Seaside Way 1108  2/1  2    1,340  $525,000  154 


2008 Harborplace Tower Closed Sales

RES Address Bdrms Baths SqFt Price DOM
1 525 Seaside Way 701
1 908  $307,000 
2 525 Seaside Way 2211
1 908  $410,000  9
3 525 Seaside Way 902
1 704  $320,000  48 
4 525 Seaside Way 611
1 908  $355,500  99 
5 525 Seaside Way 1405
2 1,388  $550,000 
6 525 Seaside Way 2105
2
1,340  $590,000  159 
7 525 Seaside Way 709
2 1,399  $590,000  180 


Status: S = Closed Sale

DOM = Days on Market, provided where available. 


(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/00927D

Main Street Realtors Long Beach - Laurie Manny - Long Beach 
Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

  • Buyers/Sellers/Investors
  • Homes
  • Condos
  • Income Properties
  • 1031 Exchanges
Long Beach MLS Search

Get Your Homes Value

Featured Listings

Contact Us

 

4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

Long Beach Real Estate Search Engine Marketing Specialist - Laurie Manny 562-212-5420

Best Los Angeles Real Estate Agent Blog-Long Beach Real Estate Home

Posted on July 29, 2010 16:00:00 by Laurie Manny Professional Group
digg me Reddit newsvine del.icio.us Technorati Stumble Upon Toolbar
Laurie Manny Professional Group Email 1 feedback »
 

Spinnaker Bay | Spinnaker Cove |Townhouse Sales and 2010 Market Update - Long Beach Luxury Waterfront Real Estate and Resort Living

Spinnaker Bay Homes & Spinnaker Cove Townhouse Market Report 2010 (562) 212-5420 Long Beach Luxury Waterfront Real Estate - Includes: Closed Spinnaker Bay Homes and Spinnaker Coves Townhouse Sales Reports for 2007 through 2009-Long Beach Real Estate



Spinnaker Bay Homes & Townhouses

Market Report and Update 2010


January 1, 2010 - May 31 2010
Includes: Closed Spinnaker Bay Homes and Spinnaker Cove Townhouse Sales Reports for 2007 through 2009

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
CONDO  5416 Heron Bay 20  3/3  1,748  1982  $669,950  10 
CONDO  5415 Heron Bay  3/2  1,532  1982  $749,000  77 
CONDO  5650 Azure Bay  3/2  1,748  1982  $925,000  633 
CONDO  5654 Azure Way  3/2  1,769  1982  $1,100,000  32 
CONDO  5530 Azure Way  4/3  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
SFR  320 Salta Verde Pt  4/3  2,841  1998  $1,200,000  360 
SFR  5872 Spinnaker Bay Dr  3/2  2,700  1991  $1,565,000  46 
SFR  5769 Spinnaker Bay Dr  3/2  2,540  1990  $1,695,000  166 
SFR  6025 Prince Is  4/3  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:

mls wizard

 

Spinnaker Bay Luxury Home with 40' Boat Slip
350 Salta Verde Pt.

 

Spinnaker Bay Luxury Waterfront Home with 40 foot boat slip

 

350 Spinnaker Bay Luxury Home-Long Beach Real Estate

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
CONDO  5404 Heron Bay  3/2  1,748  1982  $760,000  11/20/2009  88 
CONDO  5628 Azure Way  3/2  1,532  1982  $872,500  11/12/2009  104 
CONDO  5542 Azure Way  3/2  1,748  1982  $935,000  5/01/2009  241 
SFR  311 Whites Lndg  3/2  2,265  1992  $1,075,000  11/24/2009  197 
SFR  5540 Spinnaker Bay Dr  3/2  2,032  1989  $1,123,000  9/23/2009  209 
SFR  346 Parsons Lndg  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

 

Spinnaker Bay Luxury Waterfront Homes For Sale


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

(562) 212-5420


Relocating to Long Beach-Resource & City Guide


Long Beach Area Information:



(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


Spinnaker Bay: 

  • Spinnaker Bay Drive
  • Smugglers Cove
  • Salta Verde Point
  • Prince Island
  • Whites Landing
  • Parsons Landing
  • Blue Cavern Point
  • Empire Landing
  • Long Point
  • China Point


Spinnaker Cove:

  • Azure Way
  • Heron Bay

 

 



http://www.longbeachrealestatehome.com/0093F7

Main Street Realtors Long Beach - Laurie Manny - Long Beach 
Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

  • Buyers/Sellers/Investors
  • Homes
  • Condos
  • Income Properties
  • 1031 Exchanges
Long Beach MLS Search

Get Your Homes Value

Featured Listings

Contact Us

 

4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

Long Beach Real Estate Search Engine Marketing Specialist - Laurie Manny 562-212-5420

Best Los Angeles Real Estate Agent Blog-Long Beach Real Estate Home

Posted on May 31, 2010 22:00:00 by Laurie Manny Professional Group
digg me Reddit newsvine del.icio.us Technorati Stumble Upon Toolbar
Laurie Manny Professional Group Email Send feedback »
 

Long Beach Condos 2010 Sales Update-Long Beach Real Estate Sales

Long Beach Condo Sales 2010 Update-(562) 212-5420-Long Beach Real Estate Sales



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. 


High Rise Long Beach Condos Waterfront View Downtown Long Beach CaliforniaHave 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:

 

 

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


Long Beach Condos For Sale

 



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

Main Street Realtors Long Beach - Laurie Manny - Long Beach 
Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

  • Buyers/Sellers/Investors
  • Homes
  • Condos
  • Income Properties
  • 1031 Exchanges
Long Beach MLS Search

Get Your Homes Value

Featured Listings

Contact Us

 

4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

Long Beach Real Estate Search Engine Marketing Specialist - Laurie Manny 562-212-5420

Best Los Angeles Real Estate Agent Blog-Long Beach Real Estate Home

Posted on May 26, 2010 18:45:00 by Laurie Manny Professional Group
digg me Reddit newsvine del.icio.us Technorati Stumble Upon Toolbar
Laurie Manny Professional Group Email Send feedback »
 

Long Beach Investment Properties Market Report-2 to 4 units For Sale-Long Beach Income Properties-Long Beach Real Estate

Long Beach Investment Properties Market Update 2 to 4 units For Sale 562-212-5420-Long Beach Income Properties-Long Beach Real Estate



Long Beach Income Properties Update and Market Report

2 - 4 Units

Long Beach Investment Properties For Sale

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


Long Beach Homes For Sale


Long Beach Condos For Sale


Long Beach Income Properties For Sale

 

 



http://www.longbeachrealestatehome.com/009112

Main Street Realtors Long Beach - Laurie Manny - Long Beach 
Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

  • Buyers/Sellers/Investors
  • Homes
  • Condos
  • Income Properties
  • 1031 Exchanges
Long Beach MLS Search

Get Your Homes Value

Featured Listings

Contact Us

 

4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

Long Beach Real Estate Search Engine Marketing Specialist - Laurie Manny 562-212-5420

Best Los Angeles Real Estate Agent Blog-Long Beach Real Estate Home

Posted on May 05, 2010 21:45:00 by Laurie Manny Professional Group
digg me Reddit newsvine del.icio.us Technorati Stumble Upon Toolbar
Laurie Manny Professional Group Email Send feedback »
 

Belmont Heights Market Report-Homes,Condos,Income Property Sales-Long Beach California Real Estate

Belmont Heights Neighborhood Market Report-2010-Sales Stats for Long Beach Homes, Condos, OYO's, Coop's and Income and Investment Properties.



Belmont Heights 2010 Market Report

Homes, Condos and Income Properties

Long Beach California Real Estate Sales

1/1/2010 - 4/6/2010

 

Belmont Heights is bounded by:

 

  • Ocean Blvd and Livingston Drive on the South
  • Redondo Avenue on the West
  • 4th Street to the North
  • Nieto Avenue to the East

 

The Belmont Heights neighborhood of Long Beach California is a lovely, ecclectic mix of early century homes, low rise condos, smaller apartment buildings (including some fabulous spanish duplexes), restaurants, coffee shops, funky stores, galleries and a nice mix of neighborhood friendly small business. Just blocks from the bluffs, overlooking the harbor, the beach, and a short walk into Belmont Shore, Belmont Heights is a tree lined Long Beach Community developed in the early 20th Century, and a great place to call home. Many of the neighborhood homes were originally built as summer cottages mostly between 1905 and 1939, later becoming year round residences. More bungalow style homes can be found here than in any other community of Long Beach.

 

 

Read Also:

 

 

Long Beach CA Real Estate Sales

 

Belmont Heights Homes - Sales 2010

 

There are currently 52 Homes for sale in Belmont Heights and Alamitos Heights, ranging in price from $330,000 to $2,799,999.  

  • Average Price: $902,953
  • Average Days on Market: 110

 

12 Belmont Heights Homes are in escrow, accepting Back-Up offers.

  • Average Price: $777,491
  • Average Days on Market: 91 

 

10 Belmont Heights Homes are Pending in escrow:

  • Average Price: $684,480
  • Average Days on Market: 97

 

107 Homes in Belmont Heights closed escrow year to date.

  • Average Price: $665,360
  • Average Days on Market: 87

 

Search Belmont Heights Homes For Sale


View all available Belmont Heights Homes For Sale, this feed is Live from the MLS and is updated on a regular basis

 

 

Long Beach CA Real Estate Sales


Belmont Heights Condos-Coops-OYOs - Sales 2010


Belmont Heights Own Your Own and Coop Sales 2010

 

No Coop's or OYOs sold in Belmont Heights in 2008.  No Coop's sold in Belmont Heights in 2009. Lagging sales in the OYO and Coop sector were and still are a direct result of the difficulty in obtaining financing for OYO's and Condos.  Most sales in this sector are all cash. 

 

Long Beach Own Your Owns-OYO-OYOs-in Long Beach - The OYO-Own Your Own form of ownership is a constant source of confusion for many buyers of Long Beach real estate, here you will find a simple explanation.

Long Beach Stock Cooperatives - Stock coops are another misunderstood form of ownership, here you will find a simple explanation.

 

No Stock Co-op sales in 2010

 

1 Belmont Heights OYO is in escrow, accepting Back-Up offers.

  • Listing Price: $108,000
  • Days on Market:  98

1 OYO in Belmont Heights closed escrow year to date.

  • Average Price: $75,000
  • Average Days on Market: 38

 


Belmont Heights and Alamitos Heights Condo Sales 2010


There are 52 Belmont Heights Condos For Sale ranging in price from $89,900 to $825,000.  

  • Average Price: $332,602
  • Average Days on Market: 76

 

12 Belmont Heights Condos are accepting Back-up Offers

  • Average Price: $280,566
  • Average Days on Market: 116

 

11 Belmont Heights Condos are Pending in Escrow

  • Average Price: $314,690
  • Average Days on Market: 51


23 Belmont Heights Condos have closed escrow year to date. 

  • Average Price: $327,391
  • Average Days on Market: 84

 


Search Belmont Heights Condos For Sale


View all available Belmont Heights Condos For Sale, this feed is Live from the MLS and is updated on a regular basis

 

Long Beach CA Real Estate Sales



Belmont Heights Income Properties - Sales 2010

 

There are 21 Belmont Heights income properties for sale, ranging in price from $469,000 (duplex-306 DOM) to $16,900,000 (74 units-279 DOM ).

  • Average Price: $1,799,752
  • Average Days on Market: 177

 

1 Belmont Heights Income Property is currently accepting Back Up Offers. 

  • Average Price:  $299,000
  • Average Days on Market:  112

 

7 Belmont Heights Income Properties are Pending in escrow. 

  • Average Price: $823,614
  • Average Days on Market:  97

 

6 Belmont Heights Income Properties Sold year to date. 

  • Average Price: $723,770
  • Average Days on Market: 46

 

 

Search Belmont Heights Income Properties For Sale


View all available Belmont Heights Income Properties For Sale, this feed is Live from the MLS and is updated on a regular basis

 

Long Beach CA Real Estate Sales

 

 

Beach Real Estate searches along the Long Beach Waterfront:

 



More Long Beach Neighborhood Market Reports



Call Laurie to view Belmont Heights Homes,

Condos and income properties for sale in Long Beach California

(562) 212-5420

 

 



http://www.longbeachrealestatehome.com/009337

Main Street Realtors Long Beach - Laurie Manny - Long Beach 
Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

  • Buyers/Sellers/Investors
  • Homes
  • Condos
  • Income Properties
  • 1031 Exchanges
Long Beach MLS Search

Get Your Homes Value

Featured Listings

Contact Us

 

4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

Long Beach Real Estate Search Engine Marketing Specialist - Laurie Manny 562-212-5420

Best Los Angeles Real Estate Agent Blog-Long Beach Real Estate Home

Posted on April 06, 2010 19:20:00 by Laurie Manny Professional Group
digg me Reddit newsvine del.icio.us Technorati Stumble Upon Toolbar
Laurie Manny Professional Group Email Send feedback »
 

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.