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Lois Hancock
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Archive for July 2009

Is Long Beach for Real Estate Investors?

Friday, July 24th, 2009

As mentioned before Long Beach is known for its beaches, beautiful weather, varied activities and property of all shapes and sizes.  However… I’m not sure it is thought of as a real estate investors dream spot.  But stop and think…

Wherever you are in Long Beach you are not far from the beach, which is an advantage the low- priced, inland areas don’t have!  They always say … Location, Location, Location!  Would you rather cool down by taking a walk, biking or driving the short distance to the beach, especially in the hot weather we are currently having, or swelter in other, less fortunate locations?   Long Beach is having HOT weather in the 80′s (with a nice breeze) whereas more inland areas are suffering with temperatures pushing 100 degrees!

With the recent decline in housing values, in all segments of the housing market, it is time for investors to consider Long Beach when shopping for rental property.

For example, a client wanted to invest in income property and asked me to check out what was currently on the market, and inexpensive.  I looked and found studio condos downtown, near the beach for $40-50,000 and up.  The next question was what are the rents like?  It appears that for a studio condo they are running around $700+ per month.  Not a bad return.  You would have it paid for in no time AND if you pay cash you would have a nice monthly income!

Compare that to socking your money away in a savings account where you will be lucky to end up with anything.  I spoke with some clients this week who mentioned they had put a couple thousand dollars in the bank and after 11 years have earned a total interest of $300!!!  Yes it might be safe, but with inflation you are going backwards, not moving ahead!

Why not consider Long Beach for your next Real Estate Investment!

BIXBY KNOLLS, LONG BEACH — REV UP YOUR ENGINES!!

Tuesday, July 14th, 2009

Dragsters and Classic Cars lined up for the Annual Expo

Last Saturday (July 11th) the 4th Annual Dragster Expo and Car Show hit the streets to the delight of the Bixby Knolls area residents of Long Beach. Atlantic Avenue (between Carson and San Antonio) was blocked off for the day and lined with pre 1975 cars, dragsters and for the first time power boats. There were over 150 cars, ranging from Model Ts to Dragsters, for everyone to check out and take pictures!

lois

We had a heat wave in progress with temperatures in the high 80′s. So… for those who wanted a little break from the sun, the Richard Goad Theatre showed some great racing movies throughout the day.

The local restaurants provided all the food you could want, and a beer garden was set up to take care of your drinks. Two DJs had everyone in the mood with a variety of music and street vendors set up stalls with their wares! Everyone had a great time!

To give you a better idea — Bixby Knolls is approx. 8 miles from the beach and is generally accepted to encompass Bixby Knolls proper, New Bixby, Country Club, Los Cerritos, etc. Bixby Knolls adjoins North Long Beach, California Heights, and the Wrigley area. It is one of the older, affluent areas with lovely tree-lined streets where people still take an evening stroll, walk the dog or push the baby stroller and yes — people talk with their neighbors! There is always something going on in Bixby Knolls, whether it is the car show, free concerts in the park, free plays by the Long Beach Shakespeare Company in the Richard Goad Theatre just to mention a few things.

Real estate in Bixby Knolls is not your typical tract home, you will see individually designed properties, many dating from the 1930s. The smaller family homes sell for around $600,000 while the larger, higher end homes, a few of which are on gated streets, sell for as much as $4,000,000. It is the priciest and most affluent area of the city that is not on the oceanfront. The neighborhood includes the prestigious Virginia Country Club and the original Rancho Los Cerritos historic site.
We look forward to welcoming you, as a new neighbor, to one of our next events!

LONG BEACH AND LAKEWOOD COMMUNITIES CELEBRATE THE 4th of JULY!!

Friday, July 10th, 2009

Long Beach and Lakewood, like most towns and cities across the country, were out celebrating the 4th of July in style with BBQs, picnics, beach parties, parades and much more. To top off the day you had a difficult time deciding whether to head to the Long Beach shoreline to watch the fabulous fireworks on the Queen Mary, or go to Veterans Stadium for the 52nd annual fireworks show — all quite spectacular this year! AND this was just the tip of the iceberg!

Veterans Stadium is on the boundary of Long Beach and Lakewood with a long tradition of everyone gathering in the afternoon to enjoy the music, games and fun – whether young ones or the young at heart! All this was capped off with a fireworks display in the evening.
One of the advantages of living along the beach area of Long Beach — is the easy access to all the July 4th festivities. Here is a sample of what I mean…

BLUFF HEIGHTS very much a neighborhood by the beach, as demonstrated by its annual Block Party on the 4th of July. The area has a variety of home styles — check out some of the award winning homes in this area! (http://www.bluffheights.org/bhna-home-beauty-info.html)

Here you see friends and neighbors during the Bluff Heights Annual 4th of July Block Party.

Long Beach 4th of July in pictures (Posted: 07/04/2009 11:42:20 PM PDT Press Telegram)

Long Beach 4th of July in pictures (Posted: 07/04/2009 11:42:20 PM PDT Press Telegram)

DOWNTOWN is a mixture of business and fun – you have the government and office buildings along side the Pike, a place historically known for fun by the beach. The modern, symbolic version of the Pike has brought restaurants, shops and beautiful condo complexes along both Ocean Avenue and the shoreline where the Pike once stood.

Downtown, at the water’s edge, you had everyone gathering to see the creative efforts put forth by the kids and their families in decorating their bikes. The colorful display was enjoyed before the little ones saddled up and joined in the Great American 4th of July Kids Bike Parade, riding along the bike path on the beach!

Long Beach 4th of July in pictures (Posted: 07/04/2009 11:42:20 PM PDT Press Telegram)

Long Beach 4th of July in pictures (Posted: 07/04/2009 11:42:20 PM PDT Press Telegram)

As you can see there was a lot going on in Long Beach and Lakewood, with a good time had by everyone
We hope to see you in one of our July 4th neighborhood events in 2010!!

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