Discover

Long Beach

It is currently a seller’s market in Long Beach but it’s important to know that many investors have been able to obtain properties below the listing price. The majority of homes sold last March 2016 were below the asking price and the minority were above the asking price.

One advantage of investing in Long Beach real estate is being able to purchase a more affordable property, compared to the rest of California, while still being somewhat close to Los Angeles. It is only a 40-minute drive from Long Beach to Los Angeles. Long Beach’s current median listing price is $499,000.

The most popular properties purchased in Long Beach are single-family homes. This property type is optimal for investors because they will likely sell faster than other homes and investors have the ability to rent-out individual rooms to increase cash flow.

Long Beach Investment Performance

PROPERTY SALE PRICE

$ 785,325

Median

1,716

Avg/Sq.ft.

CASH ON CASH RETURN

1.19%

Traditional

1.96%

Airbnb

RENTAL INCOME

$ 3,002

Traditional

$ 3,545

Airbnb

RENTAL INCOME

$ 3,002

Traditional

$ 3,545

Airbnb

NUMBER OF PROPERTIES

1,186

Investment

453

Airbnb

3,300

Traditional

62%

Airbnb occ. rate

Long Beach Rent Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,148	$ 2,755	$ 3,965	$ 5,567
Traditional	$ 1,428	$ 2,036	$ 2,774	$ 3,017

Airbnb

1 ROOM	$ 2,148
2 ROOMS	$ 2,755
3 ROOMS	$ 3,965
4 ROOMS	$ 5,567

Traditional

1 ROOM	$ 1,428
2 ROOMS	$ 2,036
3 ROOMS	$ 2,774
4 ROOMS	$ 3,017

Top Long Beach Active Investment Properties

$250,000

5019 Gundry Avenue

Bixby Area

3 beds

1 baths

1,333 sq.ft.

CASH ON CASH

Trad. 4.31%

Airbnb 10.87%

CAP RATE

Trad. 12.25%

Airbnb 20.89%

$200,000

1340 E 52nd Street

Bixby Area

2 beds

1 baths

840 sq.ft.

CASH ON CASH

Trad. -3.94%

Airbnb 0.95%

CAP RATE

Trad. 10.12%

Airbnb 16.56%

$472,000

236 E Del Amo Boulevard

Bixby Area

4 beds

2 baths

1,431 sq.ft.

CASH ON CASH

Trad. 3.03%

Airbnb 9.34%

CAP RATE

Trad. 6.37%

Airbnb 14.67%

$629,999

3507 Sandwood Street

Lakewood Village

4 beds

2 baths

1,714 sq.ft.

CASH ON CASH

Trad. 3.49%

Airbnb 9.40%

CAP RATE

Trad. 7.53%

Airbnb 15.30%

Top Long Beach Neighborhoods

Wrigley

63% Mashmeter

PROPERTY PRICE

$549,000

Median

CASH ON CASH RETURN

1.19%

Traditional

2.98%

Airbnb

RENTAL INCOME

$ 1,741

Traditional

$ 2,886

Airbnb

76%

Airbnb occ. rate

California Heights

51% Mashmeter

PROPERTY PRICE

$699,475

Median

CASH ON CASH RETURN

1.43%

Traditional

2.55%

Airbnb

RENTAL INCOME

$ 2,251

Traditional

$ 3,689

Airbnb

75%

Airbnb occ. rate

Sunrise

59% Mashmeter

PROPERTY PRICE

$609,500

Median

CASH ON CASH RETURN

1.57%

Traditional

2.43%

Airbnb

RENTAL INCOME

$ 1,728

Traditional

$ 2,720

Airbnb

73%

Airbnb occ. rate

Los Cerritos Area

56% Mashmeter

PROPERTY PRICE

$515,000

Median

CASH ON CASH RETURN

1.67%

Traditional

2.89%

Airbnb

RENTAL INCOME

$ 2,843

Traditional

$ 3,535

Airbnb

73%

Airbnb occ. rate

Bixby Knolls

60% Mashmeter

PROPERTY PRICE

$679,900

Median

CASH ON CASH RETURN

1.75%

Traditional

3.58%

Airbnb

RENTAL INCOME

$ 2,521

Traditional

$ 3,587

Airbnb

71%

Airbnb occ. rate

Long Beach Insights

Blogs

by Dinah Jaber

Should You Buy a Beach House as a Real Estate Investment?

by Sylvia Shalhout

Multi Family Real Estate Investment Analysis: The ONLY Guide You’ll Need

by Hamza Abdul-Samad

Long Beach Real Estate: A More Affordable Option in California Real Estate

by Hamza Abdul-Samad

Should You Be Investing in the California Housing Market 2018?

by Eman Hamed

Price to Rent Ratio: Where to Buy an Investment Property in 2018 for Strong Rental Demand

View more news

Guides and Tips

by Diala Taneeb

The Ultimate Guide to the Airbnb Investment Property

by Peter Abualzolof

Four Things to Consider Before Purchasing an Airbnb Investment Property

by Peter Abualzolof

Top 5 Alternative Ways to Find an Investment Property

by Peter Abualzolof

The Use of Predictive Analytics in Real Estate Investing

by Diala Taneeb

Real Estate Investing: Traditional vs. Airbnb Investments

View more news

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