Ultimate Guide to Flipping Homes in Long Beach CA for 2024

Overview

Long Beach Real Estate Investing Market Overview

Over the last ten-year period, the population growth rate in Long Beach has a yearly average of . By comparison, the average rate during that same period was for the entire state, and nationwide.

Throughout that ten-year period, the rate of growth for the entire population in Long Beach was , compared to for the state, and nationally.

At this time, the median home value in Long Beach is . To compare, the median value in the country is , and the median market value for the whole state is .

During the previous ten years, the yearly appreciation rate for homes in Long Beach averaged . The yearly growth tempo in the state averaged . Throughout the nation, the annual appreciation rate for homes was at .

The gross median rent in Long Beach is , with a statewide median of , and a US median of .

Long Beach Real Estate Investing Highlights

Long Beach Top Highlights

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Based on latest data from the US Census Bureau
Based on latest data from the US Census Bureau

Factors

How to flip houses in Long Beach CA

When a real estate investor acquires a property under market worth, fixes it and makes it more valuable, and then disposes of it for revenue, they are referred to as a fix and flip investor. Your assessment of improvement costs must be correct, and you should be capable of purchasing the house for lower than market value.

It is critical for you to figure out how much properties are being sold for in the community. The average number of Days On Market (DOM) for houses listed in the market is crucial. As a “house flipper”, you’ll need to sell the fixed-up real estate immediately so you can avoid carrying ongoing costs that will reduce your profits.

Help motivated real estate owners in discovering your company by placing it in our directory of Long Beach cash property buyers and the best Long Beach real estate investment firms.

Additionally, look for real estate bird dogs in Long Beach CA. Experts in our directory concentrate on acquiring desirable investment opportunities while they are still under the radar.

Factors to consider

Median Home Price

When you look for a desirable area for property flipping, check the median home price in the district. Modest median home prices are an indicator that there should be a steady supply of residential properties that can be purchased for less than market worth. This is a fundamental ingredient of a fix and flip market.

When you detect a rapid drop in property values, this might signal that there are conceivably homes in the market that qualify for a short sale. Investors who team with short sale facilitators in Long Beach CA get continual notices about possible investment real estate. You’ll uncover valuable information concerning short sales in our article ⁠— What to Know About Buying a Short Sale Property?.

Property Appreciation Rate

Are property prices in the region on the way up, or moving down? You need a market where property values are steadily and consistently moving up. Real estate prices in the market need to be increasing constantly, not quickly. Acquiring at an inconvenient point in an unsteady market condition can be catastrophic.

Average Renovation Costs

A careful analysis of the region’s renovation expenses will make a significant impact on your area choice. Other spendings, such as clearances, may increase your budget, and time which may also turn into additional disbursement. If you have to show a stamped suite of plans, you will have to incorporate architect’s rates in your budget.

Population Growth

Population increase statistics let you take a look at housing demand in the community. If the population is not expanding, there is not going to be an ample source of purchasers for your houses.

Median Population Age

The median population age will also tell you if there are enough home purchasers in the area. It should not be lower or more than that of the regular worker. A high number of such residents shows a stable supply of homebuyers. The demands of retired people will most likely not be a part of your investment venture strategy.

Unemployment Rate

When checking a location for investment, keep your eyes open for low unemployment rates. An unemployment rate that is lower than the nation’s average is preferred. A very solid investment city will have an unemployment rate less than the state’s average. To be able to purchase your repaired property, your prospective clients are required to work, and their clients as well.

Income Rates

Median household and per capita income are a great sign of the scalability of the home-purchasing market in the location. The majority of individuals who purchase a house have to have a mortgage loan. Homebuyers’ capacity to get approval for financing depends on the size of their wages. Median income can help you determine whether the regular homebuyer can afford the homes you intend to market. You also need to see incomes that are growing continually. To keep pace with inflation and increasing construction and supply expenses, you have to be able to regularly raise your prices.

Number of New Jobs Created

The number of jobs appearing annually is vital information as you reflect on investing in a particular location. Houses are more quickly sold in a market that has a strong job environment. Experienced skilled workers looking into purchasing a home and settling opt for relocating to areas where they will not be out of work.

Hard Money Loan Rates

Investors who acquire, rehab, and liquidate investment real estate are known to engage hard money and not regular real estate loans. Hard money loans enable these investors to move forward on pressing investment opportunities right away. Locate top-rated hard money lenders in Long Beach CA so you may match their fees.

An investor who needs to know about hard money financing products can find what they are and the way to utilize them by studying our resource for newbies titled What Is Hard Money Lending for Real Estate?.

Housing

Long Beach Housing 2024

The city of Long Beach has a median home value of , the entire state has a median market worth of , while the figure recorded across the nation is .

The average home market worth growth percentage in Long Beach for the previous decade is yearly. At the state level, the ten-year per annum average has been . Through the same period, the United States’ annual residential property value appreciation rate is .

In the lease market, the median gross rent in Long Beach is . The median gross rent level throughout the state is , while the United States’ median gross rent is .

The homeownership rate is in Long Beach. The total state homeownership percentage is currently of the population, while nationwide, the rate of homeownership is .

of rental housing units in Long Beach are tenanted. The state’s renter occupancy rate is . In the entire country, the percentage of tenanted residential units is .

The occupied rate for housing units of all types in Long Beach is , with a corresponding vacancy rate of .

Housing Quick Stats
Home Appreciation Rate(2010-2020)
Median Home Value
Median Gross Rent
Price To Rent Ratio
Home Ownership Rate
Tenant Occupied Rate
Average Property Tax Rate

Long Beach Home Ownership

Long Beach Rent & Ownership

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Based on latest data from the US Census Bureau

Long Beach Rent Vs Owner Occupied By Household Type

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Long Beach Occupied & Vacant Number Of Homes And Apartments

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Long Beach Household Type

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Long Beach Property Types

Long Beach Age Of Homes

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Long Beach Types Of Homes

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Long Beach Homes Size

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Marketplace

Long Beach Investment Property Marketplace

If you are looking to invest in Long Beach real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Long Beach area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.

Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Long Beach investment properties for sale.

Long Beach Investment Properties for Sale

Homes For Sale

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Financing

Long Beach Real Estate Investing Financing

If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Long Beach CA, easily get quotes from multiple lenders at once and compare rates.

Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Long Beach private and hard money lenders.

Long Beach Investment Property Loan Types

Check out some of the most popular real estate loans provided by top local lenders in Long Beach, CA
  • Rehab Loans
  • Fix and Flip Loans
  • Bridge Loans
  • Asset Based Loans
  • Cash Out/Refinance Loans
  • Transactional Funding
  • Transactional Hard Money Loans
  • Private Money Loans
  • New Construction Loans

Compare Investment Property Loan Rates in Long Beach

Receive multiple offers from best private and hard money lenders and get access to unlimited capital to fund any type of real estate investment property!
COMPARE LOAN RATES
Purchase
Rehab
Construction
Refinance
Bridge
Development

Population

Long Beach Population Over Time

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Long Beach Population By Year

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Long Beach Population By Age And Sex

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Based on latest data from the US Census Bureau

Economy

Long Beach Economy 2024

The median household income in Long Beach is . The state’s populace has a median household income of , while the country’s median is .

This equates to a per person income of in Long Beach, and in the state. The population of the US in general has a per person income of .

The employees in Long Beach earn an average salary of in a state where the average salary is , with wages averaging throughout the US.

The unemployment rate is in Long Beach, in the entire state, and in the US in general.

The economic information from Long Beach indicates an overall rate of poverty of . The state’s figures demonstrate a combined rate of poverty of , and a comparable survey of the nation’s figures records the US rate at .

Economy Quick Stats
Unemployment Rate
Median Household Income
Per Capita Income
Overall Poverty Rate
Average Salary
Property Price To Income Ratio
Salary Change Rate (2010-2020)

Long Beach Residents’ Income

Long Beach Median Household Income

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Long Beach Per Capita Income

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Long Beach Income Distribution

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Long Beach Poverty Over Time

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Long Beach Property Price To Income Ratio Over Time

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Long Beach Job Market

Long Beach Employment Industries (Top 10)

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Long Beach Unemployment Rate

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Long Beach Employment Distribution By Age

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Long Beach Average Salary Over Time

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Long Beach Employment Rate Over Time

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Long Beach Employed Population Over Time

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Schools

Long Beach School Ratings

Long Beach has a public education system made up of primary schools, middle schools, and high schools.

The Long Beach public education structure has a high school graduation rate.

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Middle Schools
High Schools
Private Schools
High School Graduates

Long Beach School Ratings

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Long Beach Neighborhoods