Located in the heart of downtown Long Beach is 323 W 4th St, The American Apartments. These are 49 Long Beach own your own properties. They are not condos.
The American Apartments building was built in 1923 and offers you 1 bedroom and studio city units.
What is an Own Your Own?
Own your owns are the first type of condos. Some don’t have enough money in the reserves of the building and other documents to become a condo. They are hard to finance. I had a credit union that was doing financing there with 20%. Traditional lenders have no idea what an Own Your Own is…and have no financial loans for them.
What is currently for sale at 323 W 4th Street Long Beach?
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