Long Beach Real Estate-Long Beach Condos

Harborplace Tower Luxury High Rise Condominiums

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

 

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

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	1/1	2	704	$240,000	65
2	B	525 E Seaside Way 901	1	1/1	2	834	$255,000	110
3	B	525 E Seaside Way 2005	1	2/1	2	1,340	$385,000	119
4	P	525 E Seaside Way 1707	2	2/1	2	1,220	$425,000	147
5	P	525 E Seaside Way 503	2	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	1/1	2	622	$240,000	35
2	525 E Seaside Way 1106	1	1/1	2	830	$320,000	51
3	525 E Seaside Way 1204	2	2/2	2	1,200	$365,855	26
4	525 E Seaside Way 1404	2	2/0	2	1,217	$390,000	163
5	525 E SEASIDE Way 1008	2	2/		1,112	$415,000	57
6	525 Seaside 1008	2	2/1	2	1,112	$415,000	42
7	525 E SEASIDE Way 708	2	2/1	0	1,340	$415,000	138
8	525 E Seaside Way 1205	2	2/1	2	1,382	$449,000	46
9	525 E Seaside Way 409	2	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	1/1	2	622	$188,000	11
2	525 E SEASIDE Way 711	1	1/		822	$200,000	6
3	525 E Seaside Way 2210	1	1/1	2	625	$225,000	11
4	525 E Seaside Way 510	1	1/1	1	625	$210,000	15
5	525 E Seaside Way 802	1	1/1	2	622	$195,000	296
6	525 E seaside Way 1101	1	1/1	2	834	$329,900	90
7	525 E Seaside Way 1606	1	1/1	2	830	$349,000	135
8	525 E Seaside Way 208	2	2/2	0	1,340	$385,000	41
9	525 E Seaside Way 1505	2	2/1	2	1,382	$435,000	104
10	525 E Seaside Way 1504	2	2/2	2	1,200	$435,000	132
11	525 E Seaside Way 1407	2	2/1	2	1,324	$424,000	129
12	525 E Seaside Way 1108	2	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	1	908	$307,000	8
2	525 Seaside Way 2211	1	1	908	$410,000	9
3	525 Seaside Way 902	1	1	704	$320,000	48
4	525 Seaside Way 611	1	1	908	$355,500	99
5	525 Seaside Way 1405	1	2	1,388	$550,000	6
6	525 Seaside Way 2105	2	2	1,340	$590,000	159
7	525 Seaside Way 709	2	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

• 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
• Duplexes For Sale in Long Beach California

http://www.longbeachrealestatehome.com/00927D

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

• About Long Beach California
• Long Beach California Beach Communities - Area Information
• Belmont Shore and Naples Island California
• Romantic Gondola Cruise - Naples Canals

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

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

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
• Duplexes For Sale in Long Beach California

 

 

http://www.longbeachrealestatehome.com/009112

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:

• Belmont Heights Neighborhood of Long Beach California Resource Guide
• Bluff Park Historic District Neighborhood Market Report
• Long Beach California Beach Communities
• History of Long Beach California
• Long Beach CA Historic Homes and Districts
• THE MILLS ACT

 

 

 

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

• Belmont Heights Homes For Sale $800000 and less
• Belmont Heights Homes For Sale $800000 to $1200000
• Belmont Heights Homes For Sale $1200000 and higher

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

 

 

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

• Belmont Heights Condos For Sale $300000 to $400000
• Belmont Heights Condos For Sale $400000 to $500000
• Belmont Heights Condos For Sale $500000 to $600000
• Belmont Heights Condos For Sale $600000 to $800000

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

 

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

 

 

 

Beach Real Estate searches along the Long Beach Waterfront:

 

• Belmont Shore and Naples Condos For Sale
• Belmont Shore CA Homes for sale under $1000000
• Belmont Shore-Naples Homes For Sale $1000000 to $2000000
• Belmont Shore Naples Homes For Sale $2000000 and up
• Marina Pacifica Condos for Sale Long Beach CA
• Bay Harbour Homes For Sale Long Beach California
• Luxury Homes For Sale in Long Beach California
• Long Beach CA Ocean Blvd Condos For Sale

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