Long Beach, California has several premier neighborhoods that are a very desirable place to live and always command a premium in price. Neighborhoods like Belmont Shore, Belmont Heights, Naples Island, Peninsula and the condos located on Ocean Blvd always tend to be very active in the real estate market. For those looking for investment properties are often surprised to learn that there are some great income properties that range from a simple duplex to a structure that can features 6 units or more. Real Estate is always about location, location, location and the Belmont Shore area is considered one of the best when looking in Long Beach.
Currently multi-family properties in Belmont Shore start just under $1 million for a listing that features two homes located on one lot. The front house features a cute 2 bedrooms with one bath and around 910 square feet. The back house features a studio living space that is around 230 square feet and is equipped with a Murphy bed to maximize space. It's on the market for $949,900 and has already received an offer on it and currently in-escrow. For those looking for large multi-family units then there is a 5-plex that is on the market in the Belmont Shore area for $1,649,000. It too received an offer after it came on the market and is currently under contract and in-escrow. The real estate market in Long Beach is very healthily due to the increased buyer demand for properties. Low mortgage interest rates are helping first time and seasoned investors maximize their cash flow with lower monthly payments. For more information on income producing properties please contact our local Long Beach Real Estate agents at 562-355-8228.