Long Beach Condo vs. Single Family Home (2 bedroom)

Long Beach Condo vs. Single Family Home (2 bedroom)

Financial Advisor · Oakland, CA · Member since 2020 · 24 posts · 4 votes

Trying to determine if a friend should purchase a condo or a house in Long Beach.

He's looking for a 2 bedroom place with a price limit of about $500K (that's under the 1).

For any Long Beach, CA people, what advice would you give him?

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Investor · Huntington Beach, CA · Member since 2018 · 23 posts · 7 votes
5y

@George Otiono

Sweet! Let me know if your friend needs any help. You can always PM me for my info. Hope he finds a place!

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  • Real Estate Agent · Brooklyn & Queens · Member since 2020 · 49 posts · 22 votes
    5y

    Hi! What is your friends goal? Does he plan to just purchase and live in?

  • Developer · Bellflower, CA · Member since 2018 · 23 posts · 12 votes
    5y

    Long Beach is a decent size city.  It will depend on which area of Long Beach he wants to live in.  East side is mainly single family, but buying in will be more like 600k range now a days. Belmont shore and Ocean Blvd will most likely be over the 500k price point as well.  Is he open to the surrounding areas?

  • Investor · Huntington Beach, CA · Member since 2018 · 23 posts · 7 votes
    5y

    @George Otiono

    Just like Jesse said, Long Beach is a decent sized city. There are a few single family homes that still pop up for sale around the $500k price range, however, these houses tend to be really small, anywhere from 600-1000sqft with some few exceptions. A lot of them are also not in the nicest areas of Long Beach. That being said, I think the condo route would a better decision. There are more condos your client can choose from that fit his price range and he will also have more flexibility on the area in LB that he wants to live in. Hope that helps!

  • Financial Advisor · Oakland, CA · Member since 2020 · 24 posts · 4 votes
    5y
    He is trying to live in only.

    Originally posted by @Nicolas Nuvan:

    Hi! What is your friends goal? Does he plan to just purchase and live in?

  • Financial Advisor · Oakland, CA · Member since 2020 · 24 posts · 4 votes
    5y

    @Gregory Murphy and @Jesse Reynoso

    Thank you. It looks like Condo is the best way to go since he's just looking for a place to live. I think a house would be far outside his reach bc he'd have to do major Reno, which he doesn't have the cash for.

  • Investor · Huntington Beach, CA · Member since 2018 · 23 posts · 7 votes
    5y

    @George Otiono

    Sweet! Let me know if your friend needs any help. You can always PM me for my info. Hope he finds a place!

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