Many people see beach cities as great investment opportunities for their real estate portfolio. They typically yield higher income and rarely lose their value. However, the initial cost to invest in these properties is usually higher than properties further away from the beaches. Long Beach CA is often seen as a great entry point for real estate in a beach city due to the lower costs.
In this article, we’ll go over what sets Long Beach apart from other beach cities and why investing in a rental property in Long Beach may be beneficial.
For investors, Long Beach CA has a variety of different types of properties in a number of different neighborhoods. For investors looking to begin building their portfolio, Long Beach offers many entry-level and economical options for rental properties. This includes single-family homes, duplexes, or homes with accessory dwelling units (ADUs). These are all great options for first-time landlords looking to enter the real estate business.
For
veteran investors, Long Beach offers more exclusive property options as well. Such as luxury rentals, beachfront properties, and upscale condominiums. This includes premium neighborhoods such as Belmont Shore and Rancho Estates.
Long Beach boasts a variety of neighborhoods, each with its unique character and charm. From the historic homes of Belmont Heights to the urban vibe of Downtown, there's something for everyone.
Many locations attract tourists to Long Beach, including several museums, event venues, the Queen Mary, and others. This means there is a high and diverse demand for rentals. For those investors looking for steady income, prospects looking for homes near where they work are great options for long-term rentals.
Short-term rentals for those tourists are also a viable option for income. Short-term rentals require more input and maintenance and target a different demographic of potential tenants. While these properties may yield a higher income. You should keep a few factors in mind with short-term rentals. Tourism is often seasonal, and it's not uncommon for businesses to slow down during the colder months. In Long Beach, ADUs cannot be listed as short-term rentals, meaning there are limitations on who can take advantage of that market.
Long Beach's vast coastline includes an amazing blend of events and beach activities. This, on its own, sets Long Beach apart from other beach cities. All of which can be used as a selling point when finding potential tenants. Although unique to Long Beach is its location in Southern California. It is located near Orange County and the heart of Los Angeles. This makes Long Beach a great location for people looking to be away from a major city like LA while still living in a vibrant city.
This location also makes Long Beach an “affordable” beach city when compared to the real estate market in other beach cities like Malibu or La Jolla.
While being a thriving urban city, Long Beach highly values green areas. Parks like El Dorado and Heartwell Park offer residents considerable natural greenery. El Dorado East Regional Park is a large 400-acre park with many amenities. Though it has a small fee to enter, El Dorado East is loaded with outdoor activities, including two fishing lakes and an archer range. On the other hand, Heartwell Park is a large, over 100-acre linear park. Its length makes it a popular destination for people looking to stay healthy with a long walk or jog.
These areas give potential tenants the motivation to move to Long Beach. While providing many beautiful reasons to stay.
Owning rental properties in a beach city is often seen as a smart investment because of the opportunities it provides to investors. Long Beach is a great entry to owning beach city rentals while providing ample space to grow your portfolio. If you are looking for help managing your beach city rental properties, we invite you to call us today at (562) 888-0247 or fill out our
Owner Application online.
