The difference between an Own Your Own (OYO) and a Long Beach condo is a philosophical one. With a condo, one owns the airspace that the condo occupies, with an OYO they own an undivided interest in the complex with the right to occupy a certain apartment. OYO has much more limited financing but otherwise is like a condo in that respect. The taxes on either is segregated (billed to each unit on an individual assessor’s parcel number).
I call them one of the first types of condominiums. The number of own your owns has dropped over the years with a lot of them converting to condos status. When you convert over to condominiums, it is easier to finance a purchase. I only know one lender in Long Beach that can finance the purchase of an Own Your Own.
What are the Financing Requirements for Long Beach Own Your Owns
Some of the Own Your Own buildings may be cash only due to having too many rentals in the community or this is an issue and it doesn’t qualify for financing. According to Ms. Josie Truong of LBS Financial who is the only lender I know that does loans on “own your owns”, you need 25% down to get financing for this type of properties. Call Josie for the latest requirements for financing own your owns. Her cell 714-270-2490.
All Long Beach Own Your Owns for Sale
Super bright and move in ready with beautiful hardwood floors, small complex this 1 bedroom/1 bathroom OYO upper unit with private one car garage in a superior Alamitos Beach location. Rarely do these units become available. Inner courtyard has a m
LOCATION, LOCATION, LOCATION!!!! 2 Blocks from the Beach, Located in the Heart of Alamitos Beach! THIS IS A VERY UNIQUE PROPERTY TOP FLOOR WITH NO COMMON WALLS! YOU CAN NOT BEAT THE VALUE OF THIS HOME. Compare to CONDOS costing up to 15% more! Priva
Beautiful bright and open 2 bedroom 1 bath Condo in the desirable Wilmore area - The Hopping Downtown Long Beach. This unit has been fully renovated. New waterproof flooring throughout, New kitchen counter top, beautiful New wall back-splash, Brand N
Own Your Own Buildings in Long Beach
- 932 E 2nd Street, Long Beach
- 5608 Lime Ave, Long Beach
- 128 Lime, Long Beach
- 235 W 5th Street, Long Beach
- 325 Elm, Long Beach
- 354 Chestnut, Long Beach
- 723 E 3rd Street, Long Beach
- 1250 E 4th Street, Long Beach
- 1325 E 7th, Long Beach
- 1331 E 7th, Long Beach
- 1739 E Appleton, Long Beach
- 333 Linden Avenue, Long Beach
- 543 Cedar, Long Beach
- 728 Cedar, Long Beach
- 640 Elm, Long Beach
Do You Want a List of Long Beach Own Your Owns Properties Sent to You?
If so, fill out the form below. Long Beach has a number of properties classified under the property type of OYO. If you are interested in this type of property, please call us at 562-413-7655 or fill out this form below and we will email you a list of them.