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 currently for sale at 323 W 4th Street Long Beach?
Frequently Asked Questions
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Does 323 W 4th Street, Long Beach, an Own Your Own, have parking?
No parking for the building. You have to find a local parking lot at a local lot downtown or look for street parking.
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Is there an elevator in the building at 323 W 4th Street?
Yes.
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Can my lender who is a bank or mortgage company finance my purchase here?
No. Banks and mortgage companies don’t do loans on Own Your Owns. There is one credit union in Long Beach that used to finance them but there are to many rentals in the building and that doesn’t allow for financing there.
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Is there Laundry inside the units at 323 W 4th?
There is no inside laundry in the units or inside the building.
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Do the units have Air Conditioning?
No. But you can get a portable Air conditioning unit.
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What is an Own Your Own?
It refers to owning a domain name that matches your brand or business name.
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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” property type is…and have no financial loans for them.