Long Beach California INVESTMENT PROPERTY is in high demand THUS FAR IN 2017. MultiFamilyOWL is receiving more requests from investors looking for information on Long Beach California investment properties for sale than any other city in Southern California. Long Beach currently has a very low vacancy rate in comparison to years previous and many older apartment buildings are being rehabbed with rents increased after completion. Section 8 is still available to landlords and tenants and these rents are also rising.
Long Beach Property Listings for Multi-family Homes For Sale
Long Beach is located in Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is some rent control in Long Beach, but there are exceptions on a case by case basis.
Long Beach’s population was 467,892 as of 2012, which makes it the seventh largest city in California. The estimated median household income in 2011 was $51,214 (it was $37,270 in 2000). This is lower than the California median which was $57,287 in 2011.
The city is a dominant maritime center of the United States. The Port of Long Beach is the United States’ second busiest container port and one of the world’s largest shipping ports. The city also maintains a large oil industry with oil being found both underground and offshore. Manufacturing sectors include those in aircraft, car parts, electronic and audiovisual equipment, and home furnishings. It is also home to headquarters for corporations including Epson America, Molina Healthcare, and SCAN Health Plan. Education is also a big industry with Long Beach Unified School district being the largest employer in the city (11,334 employees).
The city also enjoys being close to a variety of conveniences. The Long Beach Airport has domestic flights and the Los Angeles International Airport (LAX) has international and domestic flights and is 23 miles from Long Beach. The Los Angeles County Metropolitan Transportation Authority (LA Metro) provides public transportation services at the county level. LA Metro operates the Metro Blue Line, a light rail service that runs between the Downtown Long Beach Station and the 7th Street/Metro Center Station in Downtown Los Angeles. From the 7th Street/Metro Center Station, passengers can make connections to Hollywood, Union Station, Pasadena, East LA, Universal Studios, Chinatown, and other points of interest along the Los Angeles Metro Rail network. There is also a large city wide transportation operated by Long Beach Transit.
There are 6 hospitals in long beach including St Mary Medical Center, Long Beach Medical Center, Long Beach Memorial Center and VA Long Beach Healthcare system to name a few. There are also 6 colleges in Long Beach, the biggest of which is California State Long Beach, which has 26,754 full time enrolled students.
Long Beach has many attractions, including Shoreline Village, Naples Island, Belmont Shores, the Queen Mary, the Pike, the Long Beach Performing Arts Center, the Aquarium of the Pacific, and many many more. For restaurants, nightlife, entertainment, recreation, boutique shopping, and historical or art appreciation, Long Beach offers it all.
All of these features make Long Beach one of the best places to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.longbeach.gov, city-data.com, and wikipedia
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