If you are looking for Long Beach Own Your Own condos in the city, I will send you a list from our MLS, multiple listing service in Southern California.
The difference between an Own Your Own (OYO) and a Long Beach condo is a philosophical one. With a condo, one owns the airspace that the condo occupies, with an OYO they own an undivided interest in the complex with the right to occupy a certain apartment.
Financing a Long Beach Own Your Own
Long Beach Own Your Owns have much more limited financing but otherwise is like a condo in that respect. I know only ONE lender in Long Beach that does financing on “own your owns”. Traditional lenders and banks have no idea what an Own Your Own is nor do they offer to finance on them. If you need information on financing from the one lender, I can send that to you as well.
The taxes on either is segregated (billed to each unit on an individual assessor’s parcel number).
A List of Long Beach Own Your Owns Properties
Long Beach has a number of properties classified under the property type of own your own. I have a list of Own Your Owns by address but the best way to get a list is to fill out the form below.
If you are interested in this type of property, please call us at 562-413-7655 or fill out this form below and we will email you a list of them direct from the Southern California multiple listing service (MLS).