Best of Long Beach Listings 2/4/2010 - Long Beach Real Estate

Best of Long Beach Listings 2/4/2010 - Long Beach Real Estate in lakewood plaza, rancho, cliff may, los altos, the peninsula, belmont heights, belmont shore, naples island, virginia country club, bixby knolls, alamitos beach

Best Long Beach Listings 2/4/2010

 

 

We went looking for the best of what is on the real estate market in Long Beach.  These are our current picks: 

 

Long Beach Single Family Homes For Sale

 

Lakewood Plaza/Rancho Homes For Sale

Lovely Lakewood Plaza/Rancho 3 bedroom, 2 bath home, 1,691 square feet on a 5,300 square foot lot.  Open floorplan with 2 fireplaces, remodeled kitchen with stainless appliances, family room, newer floors, roof and windows with a lot of storage space.  Offered at $567,000


Handsome Lakewood Plaza/Rancho 3 bedroom, 2 bath home, 1,628 square feet on a 5,900 square foot lot with great curb appeal.  Custom details throughout: brick entrance and patio, brick fireplace, hardwood floors, plantation shutters, moldings, and built-ins. Home features newer carpet, paint and water heater. Separate family room and living room and open kitchen with bar counter.  Offered at $575,000.


CLIFF MAY Pool Home 3 bedroom, 2 bath home, 1,592 square feet on a 6,070 square foot lot in Lakewood Plaza/Rancho.  Large family room is ideal for entertaining. Many of the original Rancho features are in good condition including, kitchen cabinets, birch paneling, wood frame windows and french doors. Granite kitchen countertops and travetine style flooring in family room and kitchen. Heated and filtered pool and spa. Large wood covered patio with fire pit ideal for gatherings with family or friends. Handicapped friendly home with very few steps. 6000 square foot lot Plus the right to use approximate (20x60) Edison easement behind home, for gardening or recreation. Currently a spectacular vegetable garaden.  Offered at:  $579,900


CLIFF MAY Ranch home 1,831 square feet on a 6,000 square foot lot in Lakewood Plaza/Rancho.  An exceptional Cliff May Rancho with family Room and garage additions built to conform to the original ranch style design. This Light and airy floor plan has a remodeled kitchen with breakfast bar overlooking living room. The Kitchen's ceramic tile blacksplash features tropical painted tile accents. The living room and dining area has Palo Verde stone fireplace and built-in entertainment area. Both bathrooms have been fully remodeled. The master bedroom has an ample wardrobe closet with organizers and built-in entertainment unit. You will appreciate the spacious laundry room. A bonus room with skylight is presently used as a pantry/storage room. This room was originaly sound proofed for use as a music room for drum practice. The yards are nicely landscaped. The home is very clean throughout. Attractive new wall to wall carpet has recently been installed. Walking distance to El Dorado Regional Park.  Offered at:  $639,900


CLIFF MAY customized home in Lakewood Plaza/Rancho, 1,800 square feet on a 6,200 square foot lot.  This Customized Cliff May Rancho Home feels like you have arrived! Owners have captured the essence of the Spanish Hacienda Mission feel which at one time inspired Cliff May. As an exquisite 'Entertainer's Paradise' you will distinguish yourself by calling this your new home. Formal entry way leads to the middle courtyard; here an open air fireplace welcomes you. From this vantage you will notice an entry to the main living area or to a 'Casita' or 'Mother-in-Law Quarters'son the opposite side. You cannot help but admire all the entrances, walls and doorways which are custom built by masons, using stone and brick work, throughout the gounds and interior of this opulent residence. A great room provides a terrific entertainment area for those special occasions. Top of the line 'Jenn Air' stove, wine refrigerator & copper sinks add to the luxurgy of this Gourmet Chef's Kitchen. An inspiring Home.  Offered at:  $829,000

 

Los Altos Homes For Sale

 

Los Altos Neighborhood of Long Beach California - MapFantastic 3 bedroom 1.75 Bath with Family Room, in great neighborhood; 1,654 square feet on a 5,600 square foot lot. Open, spacious floorplan with gleaming hardwood floors, freshly painted, Family room opens to patio and backyard, new copper plumbing, New dual pane windows and French Doors, Fireplace, formal dining room, brick patio, new sod in backyard with sprinkler system, new garage door with opener...Tree lined street... Offered at:  $509,900


Nicely remodeled Los Altos 4 bedroom, 2 bath home.  1,546 square feet on a 6,000 square foot lot.  Exceptional floor plan, pride of ownership. Large open living/dining room, fireplace, custom mahogoney mantel, custom wood French doors opening to rear patio & garden. Remodeled kitchen, lots of cabinets included pull-out pantry, pots & pan drawers, trash compartment, gas cook top, double ovens, built-in microwave. Master suite with private 3/4 bath. Expanded 4th bedroom could be a family room, or a double (Jack & Jill bedroom). Inside laundry room with hook-ups for full size washer & dryer, conventient door opening to side yard. Hardwood floors, copper plubming and newer roof, dual paned windows, French door opening to lovely rear deck & garden. Great location, walk to Milliken High School, convenient to shopping & restaurants, minutes from 405,605,22 & 710 Freeways. Blue Ribbon Designated Emerson Elementary School.  Offered at:  $535,000


Los Altos Cul de sac home.  4 bedrooms, 2 baths, 1,797 square feet on a 6,340 square foot lot.  Fireplace open to livingroom and diningroom. Both baths have been remodeled. Fourth bedroom could be used for office or familyroom. Peg and grove floors in diningroom and entryway. Newer windows and stucco. Offered at:  $549,900


Custom Los Altos home.  3 bedrooms, 2 baths, 1,336 square feet on a huge 7,590 square foot lot.  Custom home located on highly desirable College Place. Inviting courtyard sets the stage for this lovely, spacious home. Cathedral beam ceiling rises high above a wall of glass & oak wood flooring. Gracious archway opens to this sunfilled gourmet kitchen with patio access. The kitchen has granite counter tops and amazing storage in these custom made cabinets.Remodeled bathroom opens to outdoor pool area. The home has a remarkable open & spacious floor plan, great for entertaining. The stone patio courtyard, pool plaza & garden side yard surround the home for wonderful indoor/outdoor living & entertaining. This custom gem is located among homes that rarely come on the market. These three streets, steps away from the University, are highly sought after for their custom designs and proximity to the university.  Offered at:  $679,000


Huge custom Los Altos home rebuild.  4 bedrooms, 3 baths, 2,628 square feet on a 6,103 square foot lot.  THREE YEARS NEWLY REBUILT 2006!! HUGE SFR perfect for the extended FAMILY/INLAWS/OR TWO FAMILIES with seperate entrances. This custom designed and built home gives one the feeling of HEAVEN IN THE CITY. The lower area has two huge Masters, one a reteat, 2 full Baths/Spa. The Kitchen is a Chefs Dream,Full state of the art appliances, soaring open beam ceiling with Sky Lights.Gigantic Family RM opening to a rustic, tropical, setting.OFFICE,Butler's Pantry,Laundry, Zone#1 Central Air. The upper area has 2 BDRMS/Master,Full Bath,Kitchenette to match any cooks requirements, Zone# 2 Central Air, lots of fans & windows, giving one the feeling of living in the tree tops with the fresh NW trade winds cooling effect. The home was designed for family living and privacy in mind. Lots of decks,up to 95% copper plumbing.(STORAGE/BOAT/POOL,POSSIBLE)SELLER MOTIVATED!!  Offered at:  $699,000


Huge Remodeled 2 story Los Altos beauty!  4 bedrooms, 4 baths, 3,554 sqauare feet on a 6,060 square foot lot featuring huge kitchen with center island and top of the line appliances, granite countertops, stained concrete floors and over 3500 sq. feet of living space. Central air and heat. Great East Long Beach location with good schools, parks and conveinent shopping.(Trader Joes and Bristol Farms).  Offered at:  $849,000


Turnkey Los Altos home with Park View.  3 bedrooms, 1 bath, 1,339 square feet on a 6,090 square foot lot.  Get one of the few sought after lots with the best PARK VIEW in Los Altos!! Large formal entryway leads to warm living room with spectacular view of the park, and stunning open-beam ceiling. Beautuful remodedled kitchen, nice and clean, with breakfast nook and built in desk/office area! Three bedrooms, one a pass through can be used as den--and has full closet for bedroom use. Beautiful remodeled bathroom. Large inviting deck off the back for entertaining and recently refinished! Oversized 2.5 car detached garage. Sprinklers front and back! HUGE 6090 sq ft Lot. Copper plumbing throughout. New dual pane windows and rain gutters. ENJOY THE BEST SCHOOL DISTRICT AREA, AND WALK TO LOS ALTOS MALL, BORDERS BOOKS, BRISTOL FARM GROCERIES, CSULB, AND MORE! Beautiful Park view, turnkey, Los Altos home.  Offered at:  524,900

 

The Peninsula Duplex For Sale

Three Story Ocean View Duplex.  3,335 square feet on a 2,396 square foot lot.

Upper unit has 3 Bedrooms 3 Baths, family room w/wet bar, extra room currently used as office, ocean view from dining area, kitchen, living room, fireplace, double attached garage, private deck, forced air, unit is around 2245 square feet. Lower unit has 2 bedrooms 1 bath, fireplace, unit is around 1,090 square feet and single garage. Offered at:  $1,275,000

 

 

Los Cerritos Park-Virginia Country Club - Long Beach CaliforniaLong Beach Condos For Sale

 

Virginia Country Club Condos For Sale

 

Virginia Country Club Condo 3 bedroom 2 bath, 1,120 square foot upper floor condo overlooking park, $339,000.

 

 

Long Beach Income Properties For Sale


Bixby Knolls Duplex For Sale

2 bedroom 1 bath front house with 1 bedroom 1 bath rear unit, attractive and in very good move in condition.  1715 sq ft on a 6400 sq lot.  Offered at $539,950.

 

Belmont Shore Duplexes For Sale

Magnificent, highly desirable, Classic Spanish duplex in the heart of Belmont Shore! 2 units, both 2 bedroom, 1 bath, 1,914 square feet of living space on a 1,740 square foot lot. Upstairs unit has been completely remodeled, featuring a huge living room, formal dining room, granite & travertine kitchen & bath, two large bedrooms, a den (or possible 3rd bedroom) & a small private office. Beautiful hardwood & travertine flooring throughout, dramatic arches, huge windows allowing for maximum light, & an oversized 1-car garage. Downstairs unit has a remodeled kitchen with tile counters & floors, hardwood floors and a wonderful original bath in excellent condition. The building has copper plumbing throughout, new inflow & outflow drains, upgraded electrical and a newer roof. Windows have either been replaced or renovated to maintain the integrity of the original Spanish architecture. Upside rent potential! Perfect for owner/user or as an excellent investment in Long Beach's most popular beach community. Enjoy Belmont Shore's lovely shops, restaurants and Alamitos Bay Beach! Offered at:  $769,000


Belmont Shore Duplex with Location! Location! Location! This duplex is 3 blocks from the beach and just steps away from all the great dining, shopping and entertainment 2nd street has to offer! Upper unit is a beautifully updated 3 bedroom, 2 bath, approx. 1400 sq ft with new bamboo floors (tile floors in kitchen & bathrooms), Very open floorplan with cathedral ceilings, great for entertaining, new kitchen & bathroom cabinets, solid surface kitchen counter, ceiling fans in all bedrooms and living room. Lots of closet and storage space. Lower unit has 2 bedrooms, 2 baths with approx 900 sq ft... Spanish charm with arched entryways and spacious enclosed front patio area. Master suite & laundry area (W/D incl) in each unit. Fresh exterior paint. Two huge 2 car garages with 12 ft ceilings (one garage has large storage loft) with apron parking for 2 more cars...possible 6 car parking, a rare find in this area. Either unit would be a perfect owner's unit or rent out both either way it s a great investment!  Offered at:  $950,000

 

Naples Island Long Beach California

 

Naples Island Duplex For Sale

Spanish Duplex located on Naples Island, one of Southern California's most charming island communities, owned by the same family since 1946.  2,040 square feet on a 2,805 square foot lot. Upstairs unit has balcony and large deck on the carriage house roof. The lower unit has a very nice private patio. Each unit (mirror images) has: hardwood floors (carpet over hardwood in upper unit), classic tile in the bathrooms, laundry room adjacent to the kitchen, dining room, faux fireplace in living room, wood casement windows, coved ceilings. Lovely architectural details throughout. Separate carriage house for two cars, with original wood doors. Located on nice sized corner lot, in the heart of Naples!  Offered at:  $875,000

 


Contact us for more details, photos or to make an appointment to view any of these great properties. 

 

 


Alamitos Beach and Downtown Long Beach Condos and High Rise Condos For Sale



Alamitos Beach and Downtown Long Beach Homes For Sale



Prefer Luxury Waterfront Long Beach Homes with room for a boat?

Try Spinnaker Bay.



Or perhaps the Belmont Shore and Naples areas:

 

 

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

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

Search for Long Beach Homes and Condos For Sale Get My Homes Value
Featured Listings Contact Us

 


 



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Posted on February 04, 2010 19:53:35 by Laurie Manny
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Investment Properties Market Report-2 to 4 units For Sale-Long Beach Real Estate

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

Long Beach Investment Properties For Sale

Updated January 8, 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

Sales of Investment properties (2 -4 units), increased again in 2009.  Prices are down, days on market are up some.  Smart investors are once again investing in the Long Beach income property market and future planning for retirement income.  Some of these income property sales have provided some instant return on investment (ROI), others will do so in short order. 


Bank owned investment properties have been dribbling onto 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 range once again, sometimes less.  There are bank owned properties in the mix, smart investors are scooping these up rather quickly often with all cash offers or large down payments.  Its a good time to be out shopping for investment properties.  


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


2 to 4 units may be purchased with a residential loan.  5+ units 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 and may be difficult to acquire for most borrowers. 


Many buyers contact us interested in purchasing residential investment properties.  Some are new to this market and do not understand how to purchase.  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.  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 is currently experiencing a shortage of available homes and condos for sale.  Buyers are turning to the residential income property market in an attempt to find a fit.  Often a duplex, triplex or a fourplex will provide a nice front home which may work as a good fit for a 1st time home buyer.  The rental income generated by the units is considered by the lender and will assist the buyer to qualify for a higher amount, making the purchase possible and manageable.  If you are a 1st time buyer and think this may work for you call your lender, ask them how much you can qualify for with rental income from a duplex, triplex or a fourplex. 


 

There are currently 95 duplexes for sale in Long Beach.  

Average Price: $422,435

Average Days on Market:  1124

Lowest priced duplex for sale in Long Beach:  $185,000

Highest priced duplex for sale in Long Beach:  $1,390,000

 

 

There are currently 28 triplexes for sale in Long Beach. 

Average Price:  $639,884

Average Days on Market: 177  

Lowest priced triplex for sale in Long Beach: $234,500

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


There are currently 65 Fourplexes for sale in Long Beach. 

Average Price: $571,782

Average Days on Market: 201  

Lowest priced fourplex for sale in Long Beach: $175,000

Highest priced fourplex for sale in Long Beach: $1,350,000

 

 

All 2 to 4 Unit Long Beach Investment properties for sale

(Includes Signal Hill)

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

 




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

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

Search for Long Beach Homes and Condos For Sale Get My Homes Value
Featured Listings Contact Us

 

 

 



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Posted on January 08, 2010 03:45:00 by Laurie Manny
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Downtown Long Beach Duplexes For Sale 90802 90813

Dowtnown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Investment Property

 

Are you looking for a Downtown Long Beach Home and finding them just out of your financial reach?  Have you considered a duplex?  Yes they often cost a bit more than a single family home, but the rental income can make the difference between being able to afford a home or not.  There are actually a few very nice duplexes available at this time, for very reasonable prices.  

The lender will consider the rental income and increase the amount you are qualified for making it possible for you to purchase. 

If you think this idea might work for you, it would be my pleasure to assist you and explain how this is a real possibility for you.

Listed below are all available Downtown Long Beach Duplexes.  Some of them are in the Willmore Historic District, a few of them are actually very nice and the prices aren't too shabby either:

 

 

Downtown Long Beach Homes For Sale 90802 and 90813

 

Direct feed from the Socal MLS - Always up to date

More Information:  Downtown Long Beach Duplexes For Sale 90802 90813

 

 

Read Also:

Downtown Long Beach Homes For Sale 90802 90813

Duplexes For Sale in Long Beach California-Long Beach Real Estate For Sale

Chasing the Market Down - Are You Guilty?

 

 


(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

 

Contact us for further information on any of these Long Beach properties.  It will be our priviledge to assist you in your next real estate purchase. 

 

 

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


Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

Search for Long Beach Homes and Condos For Sale Get My Homes Value
Featured Listings Contact Us

 



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Posted on June 23, 2009 21:00:00 by Laurie Manny
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Property Tax Relief for Long Beach and Los Angeles County Homeowners? Not Without An Appraisal

Property Tax Relief for Los Angeles County Homeowners? Not Without An Appraisal - The Los Angeles County assessor's office on Monday announced completion of their automatic


Property Tax Relief for Long Beach and Los Angeles County Homeowners?

Not Without An Appraisal

 

 

The Los Angeles County assessor's office on Monday announced completion of their automatic "decline-in-value" reassessments that reviewed 473,000 homes purchased between July 1, 2003 and June 30, 2008. This review resulted in 330,000 county residences qualifying for automatic reductions in their October 2009 tax bill.


Homeowners with qualifying properties will be notified of the results in writing by June 30. Those who were not reviewed can file for free with the Assessor's Office until December 31.


According to the assessor, the average reduction in assessed values for single-family residences was $126,000, for an average tax savings of $1,400 per year. Condos saw averaged reductions of $96,000, for savings of about $1,100 per year.


Just how generous the savings will be on an individual basis is hard to say. Presumably, homeowners that purchased between 2005 - 2007 will see the bulk of the savings, while others may not see as large a reduction. But with budgets on the brink throughout the State, should anyone should expect assessor largesse?


Not without your own appraisal.


Two reasons:


  1. The assessor's automatic valuation used market data in 2008-pre January 1 2009 cut-off.
  2. Homeowners applying for review can submit their own appraisal with sales data through March 31, 2009.  

If you've been watching the news, you know prices continued sliding into this year. So homeowners accepting their auto-assessment might not be maximizing the savings they otherwise could see.


In two recent tax-reduction cases, the homeowners handed me their reduced-assessment notices sent to them by the assessor. Both assessments were --- get this --- high by about $150,000. (Which explains why they called me to begin with.) If either case reflects at all the data the assessor's using to calculate 2009 taxes, you want to get a second opinion.


To know if you property was reviewed, click here. If your property was not reviewed, or you didn't qualify even though you bought your home between June 30, 2003 and July 1, 2008, download a copy of the Decline-in-Value Reassessment Application then call for us a consultation-it's free.


PS. You want to get your options out of the way quickly, the deadline to file an appeal with the Assessment Appeals Board is November 30.

 

Los Angeles County Tax Assessors Office
500 West Temple Street Room 286
Los Angeles, CA  90012
Rick Auerbach, Assessor
213-974-3211
assessor.lacounty.gov

 


Also see: LA Times: Property tax relief coming for more than 330,000 L.A. County homeowners



Read Also:

Property Tax Reassessments in Long Beach & Southern California

 

 

 



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Posted on June 05, 2009 16:24:38 by Laurie Manny
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FHA Loan Limits for Los Angeles County and Orange County - Long Beach Real Estate

FHA Loan Limits for Los Angeles County and Orange County - Long Beach Real Estate

Long Beach Real Estate News

Long Beach Real Estate News

New FHA Loan Limits

 

 

Los Angeles County and Orange County FHA loan limits decreased on January 1, 2009.  The FHA has now restored the higher limits in both Los Angeles and Orange Counties.  What does that mean to todays Long Beach home buyers?  This means that  buyers can qualify for higher loans on homes once again.  This is true for all residential loans, including; homes, condos and residential investment property under 4 units. 

 

 Current FHA Loan Limits

  Maximum Loan Amount
Single Family
  $729,750
Duplex
  $934,200
Tri-plex
  $1,129,250
Four-plex
  $1,403,400

 

 

FHA Loan Limits for other areas of California and other States can be found here


Real estate is almost always a good purchase.  Now is a very good time to consider purchasing a Long Beach Home, Condo or Income Property. Interest rates are very low and loans are available, both through FHA and conventional means. Conventional loans are becoming more expensive to attain.  Recently lenders have begun to demand 10% down payments forcing more buyers into FHA loans.  As the year moves on do not be surprised if the lenders increase that 10% to a higher number. 


If you have been sitting on the fence call us today to discuss your needs and wants.  We are always here for you.  Call Laurie (562) 212-5420

 

 

Long Beach Home Buyer Tips

 

 

 

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

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803


(562) 212-5420


Search for Long Beach Homes and Condos For Sale    Get My Homes Value
     
Featured Listings   Contact Us


 



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Posted on March 04, 2009 18:00:00 by Laurie Manny
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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.