Live Work Properties and Living in Long Beach California-Long Beach Real EstateLive Work Properties and Living in Long Beach California-562-212-5420-Long Beach Real EstateLive Work Properties - Long Beach Real Estate
Urban Living Lifestyle Alternatives
I often wonder what is in the minds of real estate developers. How do they decide what to build and where? Sure, they conduct surveys and build what they believe will be desirable enough to sell. But do they hit the mark? Are they really providing the living spaces that today's savvy buyers crave? Sometimes yes...sometimes no. Long Beach Buyers who contact me almost always want an extra bedroom to convert into a home office; a guesthouse works great too. I've seen dining rooms and garages in Long Beach turned into home offices when the needed space just wasn't available inside the home. The thing is that a bedroom office is a work space contained within the homes living space and that isn't always ideal environment for all home based businesses, especially those with consumer traffic, or when you need 2 separate his and hers offices. Where is the space going to come from? Do you really want to buy a 4 bedroom house to accommodate the home offices inside the home? Our Long Beach Lofts are highly desirable live/work spaces for professionals who love the urban living environment they provide. Quite a few buyers have either purchased or have considered purchasing one of the newer lofts in Downtown Long Beach or Alamitos Beach planning on carving a home office or work area into the expansive spaces. It worked for some - mostly for those running virtual businesses from home. Downtown Long Beach Loft Living - It's a Lifestyle! It's difficult to conduct business from within the home environment when children are present, even if you close the door. While we love our children and most parents have a built in off switch, is it really professional to hear children running around being noisy in the background when you are on a business or sales call? There is a real need for separate office space for many who chose to work from home. With so many people working from home now functional living and work space should be a factor when designing living environments in both urban and more rural areas. We don't seem to have moved into this arena much; perhaps it is because we are already so built up. When the majority of homes were built years ago on most of the available land we didn't have the same needs or concerns as we now do. When searching for a live/work home there are many things to consider.
Many questions need to be addressed and answered when you are considering consolidating your business into your home living space; it's a big decision. The shortage of available
live/work space in Long Beach has caused some business owners to purchase mixed
use income properties providing both space for their business and a living
environment. Live in one, use the other
for your business, if that works for you.
In some cases a 3rd or a 4th unit will provide additional
rental income to help offset that mortgage. In Long Beach we have a plethora of Mixed Use Properties available in all sorts of configurations and condition.
Benefits of Working from Home
Monetary benefits of Working from Home
Deep Reductions in expenses:
A Mixed Use property purchase requires a commercial loan. The interest rates are usually a bit higher as are the qualification requirements. Lenders usually want the buyer to have at least 50% down payment before agreeing to fund the loan. Before deciding to search for a property zoned commercial or retail you should consult with a commercial lender. If you are thinking that buying a Mixed Use property
might work for you it would be my pleasure to guide you through the process
from beginning to end. Contact me to
discuss this very real possibility at (562) 212-5420. If you own a Mixed Use or Residential Income Property and are thinking about selling and understand the value of top of the search engine exposure, ask me about my Unique Internet Marketing plan.
Long Beach Income Properties Market Update 2 to 4 units For Sale
Long Beach Income Properties For Sale
http://www.longbeachrealestatehome.com/00AACC
Posted on May 06, 2010 21:05:00 by Laurie Manny Professional Group
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Long Beach Investment Properties Market Report-2 to 4 units For Sale-Long Beach Income Properties-Long Beach Real EstateLong Beach Investment Properties Market Update 2 to 4 units For Sale 562-212-5420-Long Beach Income Properties-Long Beach Real EstateLong Beach Income Properties Update and Market Report2 - 4 Units
Updated May 5, 2010
Sales of Long Beach Income properties (2 -4 units), are picking up as buyers realize what good buys they are right now. Prices are up slightly in since January but are still low, days on market are down some. Smart investors are investing in the Long Beach income property market and future planning for retirement income. Some of these income property sales have provided instant return on investment (ROI), others will do so in short order. Bank owned investment properties have been entering the market here in Long Beach providing excellent opportunities for ownership. Gross Rent Multiplier's (GRM) are down and Cap Rates are up. The days of a 14 + gross rent multiplier are gone. We are beginning to see GRM's back in the healthy 10 and below range once again. Smart investors are scooping these up bank owned income properties in Long Beach rather quickly, often with all cash offers or large down payments. Its a very good time to be out shopping for residential income properties. Although Long Beach is part of Los Angeles County, we do not have rent control here. This makes Long Beach an ideal place to own and operate investment properties. 2 to 4 income property units may be purchased with a residential loan. 5+ units and mixed use properties will bring you into the commercial arena requiring a commercial loan. Commercial loans are structured very differently than residential loans and the qualifying process is more rigorous. A commercial loan will likely require about 50% down payment with a higher interest rate than pure residential. Contact a commercial lender to find out what you will qualify for and how much down payment the lender will require prior to shopping, the down payment required on commercial loans is usually substantial. Many buyers in contact us interested in purchasing residential investment properties in Long Beach. Some are new to this market and don't understand how to purchase. At this time banks require non-owner occupied units to place a minimum 20% down payment, sometimes higher. Owner occupied units can be purchased with lesser down payment, ask your lender how much down payment you will require for your purchase.
Claiming to purchase owner occupied and not actually occupying is considered to be bank fraud which is a felony. Before considering an income property purchase you should first contact your lender regarding qualification. Long Beach has been experiencing a shortage of available homes and condos for sale; as a result buyers are turning to the residential income property market in an attempt to find a fit. Often a duplex, triplex or a four-plex will provide a very nice front home which may work as a good fit for a 1st time home buyer. A portion of the rental income generated by the units will be considered by the lender and will assist the buyer to qualify for a higher amount, making the purchase both possible and manageable. If you are a 1st time buyer and think this may work for you call your lender, ask them how much loan you will qualify for with rental income from a duplex, triplex or a four-plex. Buyers are finding that Mixed Use Properties can be a great live/work solution. We have few live/work properties in Long Beach, finding the right mixed use property in the right location can be a great resolution. Income properties are a great solution for parents searching for investment properties to house their college student children. While the price may be a bit higher than a condo, the income is as well because there are more bedrooms to rent, more bathrooms and more common area than say a condo purchase would provide.
There are currently 81 duplexes for sale in Long Beach.Average Price: $488,546 Average Days on Market: 115 Lowest priced duplex for sale in Long Beach: $150,000 Highest priced duplex for sale in Long Beach: $1,499,000
There are currently 36 triplexes for sale in Long Beach.
Average Price: $613.132 Average Days on Market: 166 Lowest priced triplex for sale in Long Beach: $144,500 Highest priced triplex for sale in Long Beach: $1,875,000 There are currently 74 Fourplexes for sale in Long Beach.
Average Price: $528,630 Average Days on Market: 181 Lowest priced fourplex for sale in Long Beach: $240,000 Highest priced fourplex for sale in Long Beach: $1,555,000
All 2 to 4 Unit Long Beach Income properties for sale(Includes Signal Hill)Includes Standard Sales, Foreclosures, REO and Short Sale Properties Direct MLS feed is always current and up to date
Properties marked contingent are currently in escrow accepting back-up offers.
Contact Laurie for more information, available property lists, or to purchase investment properties in Long Beach (562) 212-5420
(Direct feeds from the Southern California MLS) Belmont Shore and Naples Island Luxury Real Estate For Sale
Long Beach Homes For Sale
Long Beach Condos For Sale
Long Beach Income Properties For Sale
http://www.longbeachrealestatehome.com/009112
Posted on May 05, 2010 21:45:00 by Laurie Manny Professional Group
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Best of Long Beach Listings 2/4/2010 - Long Beach Real EstateBest 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
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
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 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:
http://www.longbeachrealestatehome.com/00A70C
Posted on February 04, 2010 17:53:35 by Laurie Manny Professional Group
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Fantastic 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
Long Beach Condos For Sale
Property Tax Relief for Long Beach and Los Angeles County Homeowners? Not Without An AppraisalProperty Tax Relief for Los Angeles County Homeowners? Not Without An Appraisal - The Los Angeles County assessor's office on Monday announced completion of their automaticProperty 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:
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 Office500 West Temple Street Room 286Los Angeles, CA 90012Rick Auerbach, Assessor213-974-3211assessor.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
http://www.longbeachrealestatehome.com/009824
Posted on June 05, 2009 16:24:38 by Laurie Manny Professional Group
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To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
