Long Beach is home to a bustling port as well as California State University and always maintains a high demand for rental properties. The downtown area of Long Beach is filled with wonderful restaurant and entertainment choices including The Pike near the waterfront area. During the 25 years I’ve lived in the South Bay area of Los Angeles, Long Beach has experienced a rejuvenation with many new condo and loft developments along Ocean Boulevard and Pine Street.
Long Beach has one of the highest number of income properties in the South Bay of Los Angeles and is always a ripe market for investors interested in purchasing multifamily properties.
Current statistics for Long Beach income properties:
Active Listings: 163 Long Beach income properties are currently listed for sale ranging from two units up to a 74 unit apartment building.
Pending Sales: 101 Long Beach multifamily properties are currently in escrow with accepted offers.
Sold Year-To-Date: As of May 1, 2014, 149 Long Beach income properties have closed escrow. The most expensive sale was $3,200,000 for a 14-unit building located at 1530 Park Avenue. The least expensive sale was $240,000 for a duplex located at 26 W. Mountain View.
For the most recent update on Long Beach income properties contact us at Charlemagne International Properties at 310.525.9440 or 310.493.8333. You may also contact us via this site. We look forward to helping you purchase income property in Long Beach.
Long Beach units for sale: