Long Beach is an amazing city with great weather. While it's the sixth largest city in California, it has a small-town feel. With a strong and stable economy, Long Beach is an excellent location for an investment property with the potential to increase in value over time.
Why is it wise to have a rental property in Long Beach? Today we’ll answer that question with the top five reasons why a rental property in Long Beach is a wise investment.
First and foremost, Long Beach has fantastic weather all year round. Even during the summer, Long Beach rarely gets above 85° F, with cool nights around 60°F. Winters are equally comfortable, with temperatures rarely falling below 58°F on average at night. Great weather brings a wide variety of people to visit and live in, which means that well-kept rentals in Long Beach rarely remain vacant for long.
Long Beach is a major city in California with a growing population and a bustling economy. There will always be a need for housing. Long Beach also sits between Los Angeles and Orange County, which allows it to benefit from both resources. With people returning to work in person, Long Beach gives families and couples a great home base if they work in the surrounding counties.
While not cheap, investment properties in Long Beach are Southern California's most affordable beach city properties. This may seem insignificant, but it provides a future upside if you need to sell homes in Long Beach.
As the intro mentions, Long Beach is a big city with a small-town feel. Much of this comes from the wide variety of people and homes there. Even though Long Beach has a lively tourist presence, it doesn’t affect the residents. The combination of homes and neighborhoods in Long Beach allows investors to find properties desirable to many different types of people. Long Beach investment properties range from affordable studio apartments to single-family homes or luxury apartments. With a particular school district, ease of transportation combined with the high demand for rentals, Long Beach’s diversity of people and properties means there is always someone ready to move in. This means it's easier to find desirable tenants who live in your rental long-term, respect the property and cause little to no problems.
Long Beach is steadily growing, which can only increase the need for rentals. With low vacancy rates, you shouldn’t find it challenging to find a high-quality tenant. You’ll be able to increase rent every year steadily, and often it won't be an issue due to how desirable it is to live in Long Beach. The value of homes has been increasing steadily over the years. This means that investors can expect to see the return on investment of their rentals increase over time.
Long Beach is a great city for anyone investing in rental properties. With so many opportunities to make income, having a reliable property manager is helpful. If you need help finding the right investment property for you or have any questions about what services we provide at Beach Cities Management, we invite you to call us today at (562) 888-0247 or fill out our
Owner Application online.
