Photos from Laurie Manny, Long Beach CA Real Estate
Sunset over Marina Pacifica and Naples Island, Long Beach California from Tantulum Restaurant.Located in: Marina Pacifica (Long Beach, CA)
Breaking Long Beach Real Estate News:
Long Beach Own Your Own (OYO) Owners Are Organizing for Condo Conversion. Back in May the Long Beach Real Estate Home Blog published an article on OYO's. So many buyers were inquiring about this form of ownership it made sense to publish an article, explaining this form of ownership, to be found on the Internet. Well it has been found, by several thousand Long Beach and potential Long Beach residents who have indeed read it, including many frustrated Long Beach OYO owners. Several days ago I was contacted by the lovely Deb Dobias, a Long Beach OYO owner who is a major contributing force in the quest to organize OYO owners to push state and local officials to loosen the reigns and convert the last of the existing Long Beach OYO's to condos. Deb went on to explain what these owners have been up against and the efforts they have put forth. We invited her to write an article here and are very pleased that she accepted our offer.
It is our sincere hope that the District Weekly, Curbed LA, the Grunion and Downtown Gazettes, the Press Telegram, the Los Angeles Times and the Orange County Register will also pick up this article or will contact Deb and assist in this noble effort with an article of their own to help these troubled OYO owners. It is our further hope that both California state and local officials will get out of the box and make this happen.
Please understand that many of these owners are in deep trouble. They cannot sell their Own Your Own (OYO) homes because there is little or no financing available. Due to the problems plaguing this form of ownership many owners have rented their units out and have moved on. In doing so they have decreased the level of owner occupied units in the remaining OYOs which has eliminated any chance for a Long Beach buyer to obtain financing to purchase.
Read the entire article at the Long Beach Real Estate Home Blog
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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Updated 8/11/2008
Belmont Heights is bounded by:
The Belmont Heights neighborhood of Long Beach California is a lovely, ecclectic mix of early century homes, low rise condos, smaller apartment buildings (including some fabulous spanish duplexes), restaurants, coffee shops, funky stores, galleries and a nice mix of neighborhood friendly small business. Just blocks from the bluffs, overlooking the harbor, the beach, and a short walk into Belmont Shore, Belmont Heights is a tree lined Long Beach Community developed in the early 20th Century, and a great place to call home. Many of the neighborhood homes were originally built as summer cottages mostly between 1905 and 1939, later becoming year round residences. More bungalow style homes can be found here than in any other community of Long Beach.
Read Also:
There are currently 26 Homes for sale in Belmont Heights, ranging in price from $449,000 to $1,795,000.
There are currently 4 Belmont Heights Homes in escrow, accepting Back-Up offers.
and 4 Belmont Heights Homes are Pending in escrow:
22 Homes in Belmont Heights have closed escrow in 2008.
No Coops or OYOs have sold in Belmont Heights in 2008.
There are 9 Belmont Heights Condos For Sale ranging in price from $205,000 to $949,000.
1 Belmont Heights Condo is accepting Back-up Offers
12 Belmont Heights Condos have closed escrow in 2008.
There are 11 Belmont Heights income properties for sale, ranging in price from $675,000 to $1,900,000.
Belmont Heights Income Properties For Sale
7 Belmont Heights Income Properties Sold in 2008, ranging in price from $735,000 (Duplex) to $3,125,000 (14 Units).
| RIN | Status | Units | GSI | Cap | GRM | Net Inc | Address | Yblt | Bldg SF | Sty | Price | DOM |
| 1 | A | 2 | $26,400 | 3.76% | 25.57 | $25,400 | 309 Prospect Ave | 1923 | 1,550 | $675,000 | 202 | |
| 2 | A | 3 | $37,800 | 0% | 20.87 | $0 | 3519 E 4th St | 1920 | 1,755 | $789,000 | 123 | |
| 3 | A | 5 | $61,980 | 3.78% | 17.42 | $40,821 | 207 Mira Mar Ave | 1922 | 4,160 | $1,080,000 | 19 | |
| 4 | A | 3 | $0 | 0% | $0 | 218 Mira Mar Ave | 1927 | 2 | $1,195,000 | 326 | ||
| 5 | A | 1 | $1,300 | 0% | 923.08 | $0 | 251 Mira Mar Ave | 1924 | 2,363 | $1,200,000 | 23 | |
| 6 | A | 4 | $51,300 | 2.54% | 25.24 | $32,900 | 3543-3549 E Broadway | 1910 | 2,544 | 2 | $1,295,000 | 147 |
| 7 | A | 2 | $48,000 | 2.49% | 28.13 | $33,600 | 4609 E Colorado St | 1972 | 2,822 | 2 | $1,350,000 | 195 |
| 8 | A | 3 | $0 | 0% | $0 | 249 Loma Ave | 1918 | 4,160 | 2 | $1,399,000 | 278 | |
| 9 | A | 4 | $0 | 0% | $0 | 231 Roswell Ave | 1977 | 4,174 | $1,479,000 | 82 | ||
| 10 | A | 4 | $81,240 | 3.93% | 20.86 | $66,617 | 218 Roycroft Ave | 1923 | 4,398 | $1,695,000 | 48 | |
| 11 | A | 6 | $122,400 | 5.07% | 15.52 | $96,280 | 206 Belmont Ave | 1964 | 6,242 | 2 | $1,900,000 | 298 |
| 12 | S | 2 | $43,200 | 5.55% | 18.03 | $43,200 | 268 Bennett Ave | 1923 | 1,944 | 1 | $735,000 | 26 |
| 13 | S | 2 | $29,400 | 2.06% | 29.56 | $17,930 | 3939 E 2nd St | 1921 | 2,076 | $850,000 | 179 | |
| 14 | S | 2 | $0 | 6.91% | 14.48 | $69,000 | 256 Euclid Ave | 1973 | 2,632 | $895,000 | 23 | |
| 15 | S | 4 | $74,100 | 4.46% | 16.19 | $53,515 | 3715 E 4th St | 1981 | 4,080 | $1,100,000 | 448 | |
| 16 | S | 5 | $124,200 | 0% | 13.52 | $0 | 15 Loma Ave | 1936 | 8,190 | $1,615,000 | 53 | |
| 17 | S | 8 | $130,200 | 5.15% | 13.44 | $90,200 | 3417 E 2nd St | 1964 | 7,435 | $1,600,000 | 24 | |
| 18 | S | 14 | $250,000 | 5.65% | 12.6 | $178,000 | 4035 E Livingston Dr | 1923 | 11,844 | 2 | $3,125,000 | 26 |
*All statistics are as represented by the MLS and are not to be interpreted as the representations of the author.
DOM = Days on Market
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Call Laurie for an appointment to view Belmont Heights Homes or Condos in Long Beach California.
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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It was tiresome enough dealing with agents who would place their unsold Long Beach properties as sold in the MLS in order to re-list them to appear as new listings. The sold status would be picked up by other agents as comps when pricing property for both listings and buyers comparables, wreaking havoc all over the place. Unreliable results - from the MLS, which is supposed to be a reliable source of information. Information placed by licensed Realtors with standards! Information that would not be missed by an appraiser! Information that could totally screw up a deal!
What fun it was to find that the comps you used to price a long beach property weren't really comps at all! It got so bad for a while I was checking title records for each comp to make certain they actually sold. I don't even want to go into how much of my time these idiots wasted. Our MLS sends an occasional minor violation to agents in the system but somehow never gets any of the major items corrected, no matter how many times they are pointed out, it is beyond annoying.
Today brought a whole new twist to this age old game.
While researching a few Long Beach homes for sale for one of my buyers I discovered that one of the listings had also been for lease on the MLS; for $1.00. Yep, I said one dollar. And, it showed that it had been leased, yet was still active on the MLS for sale. Ok, I had a few questions so I called the listing agent before I called to set up the appointment to show it to my buyer.
The listing agent assured me that it had not actually been leased and went on to explain to me that he didn't want to be responsible for screwing up another agents comps by placing it in sold so that he could make the listing appear to be new (how considerate). He went on to explain that he brainstormed this brilliant idea himself. By placing the listing as a lease, then indicating it as leased, he was able to re-list the property without the combined days on market (CDOM) showing. I am sitting listening to this on the phone and looking into the phone like I am speaking to an alien at this point.
WHAT THE HECK!!!!!!!!
Here I am representing the very buyer he was trying to hoodwink and he is telling me what he did. So what was the point? I figure that he only told me because I found the lease listing and was asking if the home had indeed been rented out. My buyer would not be interested in purchasing a home with a tenant in it, few buyers would. What the heck ever happened to just doing things the right way? Who does this clown think he is fooling?
Off my buyer and I go to see the home. Cute place, client liked it, so I started poking around. We found a new combo lock hidden on the side of the house, fairly obvious it belonged to the bank; the listing agent didn't disclose this little tidbit on the MLS either, or on the phone.
Cracks going in different directions on the ceilings in every single room. An apparent attempt at covering up the cracks in the kitchen/laundry room ceilings. The cracks sent me outside to do a perimeter check of the foundation and roof. Not a pretty site. A cinder-block foundation with cracks everywhere. Steps broken away from the building with major cracks, chimney with major cracks. Huge paint bubbles all around the exterior of the home, many freshly picked, large fresh paint chips all around the exterior of the home.
A room attached to the detached garage with a partially constructed kitchen and a bath that had been disassembled. Fairly obvious that it was not permitted and was being torn out. Probably the reason for the "as is" statement on the MLS.
Disclose! Disclose! Disclose!
And of course this cute little money pit was priced at full market value, has been on the market for about 6 months total with one minor price reduction and needed some very pricey repairs.
I really resent the bad rep Realtors are subject to, but understand that this is just the type of behavior that creates it.
So, would you report him?
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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Divorce often necessitates the sale of family homes. Selling your Long Beach Homes does not have to become a damaging event in your lives. Couples coming to terms with the loss of love, past memories, dealing with the present and trying to plan for the future, need to maintain a level head throughout this process; not always an easy task. Well intentioned friends and relatives are offering you advice on your divorce, your children, your careers, the sale of your home, your future; all adding to the overwhelming stress you are already experiencing. It has been my experience that this is best handled when realistic boundaries are set at the beginning of the process.
Over the years many of my clients have become cherished friends. In a divorce situation it is difficult, when you like both parties, to stay neutral, but is absolutely necessary. Over time I have developed what I now refer to as my Switzerland speech. It has proven to be very effective and goes something like this:
"As your Realtor® it is my job to market and sell your Long Beach Home. This is best accomplished if you both agree to view me as Switzerland. While I am not insensitive to what is going on in your lives, it is best if you both exclude me from your conversations regarding the divorce issues that do not apply to the sale. Over the course of this transaction you will both be called upon to make joint decisions, we need to agree that when we speak on the phone, you come to my office or when I come to your home, we keep the conversation limited to the business of selling your home. It would be most unfortunate if either of you thought that I was biased toward the other, I certainly do not want either of you to think that. Can we all agree on this?"
Recently I read an article on couples seeking kinder, gentler divorces. An approach many couples are now embracing called "Collaborative Divorce", which has been endorsed by the American Bar Association as part of a broader quest to find more civilized and efficient ways to end a marriage. Thousands of attorneys are realizing how damaging the adversarial process is to their clients, are embracing this new method of divorce and are seeking training in collaborative law. Other couples are turning to mediation as a viable alternative to messy, expensive and damaging processes.
Mediation and Collaborative divorces are much more economical and confidential. Boston Law Collaborative analyzed 199 of its recent divorce cases and found that mediation, collaborative divorce and litigation all produced high rates of successful settlement. Mediation was by far the least expensive option, with a median cost of $6,600, compared to $19,723 for a collaborative divorce, $26,830 for settlements negotiated by rival lawyers, and $77,746 for full-scale litigation.
If you are interested in reading the full article it can be found here. It is a very good read, I highly recommend it.
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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LONG BEACH REAL ESTATE
Downtown Long Beach High Rise Condos
Dream Homes in the Sky
Champagne Wishes and Caviar Dreams
At what point did Robin Leech's "Lifestyles of the Rich and Famous" Television show transition from a consumers dream to a purchase contract?
For the last few years the excitement of purchasing High Rise Downtown Long Beach Condos has been high. Consumers have plunked down hefty deposits to procure these fabulous newly built condos and have sat, sometimes for a couple of years, on long waiting lists in the hopes that they too may acquire one of these beautiful sky high homes with walls of glass, endless ocean views, travertine, marble and concierge services.
So many of these potential buyers excitedly shared their dreams of huge profits. Most planned to sell as soon as possible after the close of escrow. Some of these Downtown Long Beach High Rise projects are completed, others are still under construction or in the planning stages.
Over the last several months I have been contacted by many of the soon to be owners to discuss the future sale of their units. Some were approaching the close of escrow and were preparing to put their condos onto the market immediately after the close of escrow. Imagine their shock when they found out they were about to pay $10's of thousands more than current market value. Add to that the cost of sale and oh brother were they in trouble. Others, less fortunate had already purchased, several had purchased multiple units.
One gentleman explained that he had ordered custom everything (already installed) which had added another over $40k to the already staggering price tag. His unit was about 4 weeks from closing and there was a hefty cancellation penalty. We computed his loss by backing out to be far less than the loss would be if he proceeded with the purchase and sold at a loss. He was not a candidate for a short sale, as he has too many other assets and foreclosure was not an option, his credit is pristine. Rent wouldn't even come close to covering the overhead. His decision? Cancel the purchase, write off the loss and move on. This gentleman was smart enough to consult a Realtor, regarding the future sale, prior to his purchase, which saved him a large loss.
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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Long Beach real estate resource for Long Beach homes, condos and income properties for sale; market reports, buyers and sellers tips, neighborhood information and community news.
In a slow market you need a Strong REALTOR®. Laurie Manny is a Top Notch Long Beach Realtor specializing in the sale of Long Beach, Downtown Long Beach, Signal Hill, Wrigley Heights, Alamitos Beach, Lakewood Plaza & Huntington Beach areas of Long Beach and Southern California.
Laurie has exceptional negotiating skills to benefit todays first time buyers or experienced investors, and a loaded arsenal of tools to benefit todays sellers. Laurie does not make promises, she delivers results! Visit Laurie's info packed web-site and her Long Beach Real Estate Blog. Whether you are a buyer, a seller, relocating or just looking for Long Beach local area information this site is loaded with valuable information with just you in mind. Laurie is a Top Long Beach Realtor.
For all of your Long Beach Real Estate needs.
Laurie knows Long Beach!
Having spent many years representing buyers and sellers of Long Beach Homes and Condos, Historic Properties, and Income Properties, in the Long Beach and Inland communities of Southern California, Laurie is eminently qualified to represent you.
Laurie excels at internet marketing. As a Long Beach Seller your property will receive maximum exposure with effective exposure by way of wide spread internet advertising and more. Laurie is relentless in the pursuit of a suitable Long Beach Buyer for you.
Laurie's extensive knowledge of Long Beach Real Estate and surrounding areas, property availability and pricing combined with her exceptional negotiating skills make her a Long Beach Buyers agent to be reckoned with.
As a Long Beach Seller or a Long Beach Buyer you would be hard pressed to find better representation.
for all of your Long Beach Real Estate needs.
Long Beach CA Real Estate information for Buyers and Sellers
LONG BEACH CA REAL ESTATE
LAURIE MANNY
Your Long Beach Realtor
AVAILABLE TO ANSWER ANY LONG BEACH REAL ESTATE QUESTIONS
Long Beach Real Estate Resource for Buyers and Sellers
Welcome to the Long Beach Real Estate Agent website of Laurie Manny. We have done our very best to load this site with tons of Long Beach Real Estate and great local area information just for you. Whether you are a Long Beach Buyer, a Long Beach Seller are Relocating to Long Beach, or just curious, there is detailed Long Beach information here for you, because informing yourself will assist in your decision making process. Kick back, stay a while, cruise the site, enjoy the music. New information is always being added, so come back and visit often.
If you like ocean breezes, sunshine, cultural diversity beautiful sunsets, spectacular vistas and exotic food, then you are going to love Long Beach. Here you will find over 5 ½ miles of beach front, 92 parks, 800 acres of lakes and 69 tennis courts. Golf? Boat? Sail? Surf? Windsurf, Water-ski? Jet Ski? Fish? Sunbathe? Long Beach has it all. Long Beach CA is a destination resort area.
Did you know that Long Beach has 17 Historic Neighborhoods and is rich with history?
Search for a home on the SoCalMLS and learn all about this wonderful seaside resort, Long Beach - Beach Communities, culture, entertainment and more. You will find a Long Beach City Guide, a Long Beach Buyers Information Center, and a Long Beach Sellers Information Center, a Downtown Long Resource Center and informtion on Long Beach Condos
Are you Relocating to Long Beach? We've put together a comprehesive resource guide to make your moving experience a pleasant and informed one. You can check out all local schools and communities and get (demographics, crime rates, etc...) here also. Long Beach Unified School District (LBUSD) even has a District Map, for your reference.
Thinking about buying your first Long Beach Investment Property? There is much valuable information just for you here.
You are always on our mind.
Curious how much Long Beach Home you can afford comfortably? You will find mortgage calculators, links to incredible lender sites, or Contact Us for a referral. Affiliations with several of the finest lenders in the business have been built just for you. Thinking about refinancing, there is info on that also. Or maybe you would like to know Your Long Beach Homes Value, that can be provided also, just ask.
Need representation? It would would be a privilege to assist you in the purchase or sale of your residential or income Long Beach CA Real Estate. Check out the team Marketing Advantage for your Long Beach Home or Long Beach Condo and find out about our unique approach to E-Marketing. Here you will find the most incredible tools available in today´s Long Beach real estate market and the experience and know how to utilize them well. Laurie Manny is a Top Long Beach Realtor and is qualified to serve all of your Long Beach California Real Estate needs.
What Long Beach Seller would not benefit from this level of service? Maximize your selling price by calling today to schedule a Pre-Market Consultation. You will be offered the Most Comprehensive Marketing and Advertising Program in the Long Beach real estate industry. GUARANTEED
Our "Marketing Plan" designed to sell your Long Beach Home or Long Beach Condo quickly and effectively, combined with our unique approach to "E-Marketing" provide you with some of the most incredible tools available to Long Beach Sellers in todays real estate market.
Laurie Manny wants to make your search for Long Beach CA Real Estate a pleasant and rewarding one.
for all of your Long Beach Real Estate needs. 
