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Long Beach Own Your Owns or Condos: What’s the Difference?

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 you 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.

Long Beach Own Your Owns

The taxes on either are 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 20% down to get financing for this type of property.  Call Josie for the latest requirements for financing own your owns.  Her cell 714-270-2490.

All Long Beach Own Your Owns for Sale

Long Beach, CA
City
Price
Beds
Baths
For Sale / All Types
Long Beach Own Your Owns or Condos: What's the Difference?

 

237 W 5th Street Long Beach CA 90802
New Listing - a week online
1 / 6
$359,000
2
BED
1
TOTAL BATHS
954
SQFT
Long Beach Own Your Owns or Condos: What's the Difference?
237 W 5th Street #4 Long Beach, CA 90802
Single Family Home For Sale
- Active

Large 2nd floor OYO in Downtown Long Beach with great floor plan and no shared walls. Bedrooms on opposite sides of the unit for extra privacy. Brand new stove, washer/dryer, air conditioning unit and freshly painted. Kitchen was recently remodele

930 E 1st Street Long Beach CA 90802
New Listing - 2 weeks online
1 / 26
$297,500
1
BED
1
TOTAL BATHS
568
SQFT
Long Beach Own Your Owns or Condos: What's the Difference?
930 E 1st Street #10 Long Beach, CA 90802
Single Family Home For Sale
- Active

This cozy, large one bedroom, one bath unit is just one block from the beach and comes with a one car PRIVATE GARAGE that fits a SUV PLUS another spot right outside. Two spots and across the street from the beach and Ocean Blvd, walking distance to B

1905 E Florida Street Long Beach CA 90802
New Listing - 3 weeks online
1 / 15
$355,000
1
BED
1
TOTAL BATHS
640
SQFT
Long Beach Own Your Owns or Condos: What's the Difference?
1905 E Florida Street #3 Long Beach, CA 90802
Single Family Home For Sale
- Active

A one car GARAGE and a 320 sq ft private, pet-friendly PATIO come with this one bedroom, one bath Own Your Own. The back Patio is also a private breeze way to the Garage. When coming home, just click open the remote accessed garage door, pull in, c

Long Beach Own Your Owns or Condos: What's the Difference?

 

Own Your Own Buildings in Long Beach

Building CommunityAddressNumber of UnitsPrice RangeActive ListingsHOA FeePet Friendly
Barbara Ann Manor932 E 2nd Street, Long Beach35$210,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$195 per monthCheck the HOA rules
Canon Apartments5608 Lime Ave, Long Beach4$192,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$105 per monthCheck the HOA Rules
La Vista128 Lime, Long Beach16$215,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$375 per quarterYes. Check with HOA.
Albert Apartments235 W 5th Street, Long Beach5$196,100
1
Long Beach Own Your Owns or Condos: What's the Difference?
$154.15 per monthCheck with HOA
Welles325 Elm, Long Beach18$250,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$480 per quarterCheck the HOA rules
Long Beach Apartments354 Chestnut, Long Beach30100k to 189k
0
Long Beach Own Your Owns or Condos: What's the Difference?
$78 per monthCheck with HOA rules
Elm Manor723 E 3rd Street, Long Beach12$270,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$631 per quarterCheck the HOA rules
Casa De Manana1250 E 4th Street, Long Beach12$154,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$132 per monthCheck the HOA rules
Vista Homes1325 E 7th, Long Beach12$179k to $260k
0
Long Beach Own Your Owns or Condos: What's the Difference?
$287 per quarterCheck with HOA.
Vista Homes1331 E 7th, Long Beach20$224,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$105 per monthCheck with HOA
The Clarendon1739 E Appleton, Long Beach11$276k to $330k
0
Long Beach Own Your Owns or Condos: What's the Difference?
$106 per monthCheck with HOA
Jeaneane Apartments333 Linden Avenue, Long Beach15No recent sales
0
Long Beach Own Your Owns or Condos: What's the Difference?
$140 per monthCheck with HOA.
Crestwave543 Cedar, Long Beach12$200,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$230 per monthCheck with HOA
Cedar Gardens728 Cedar, Long Beach30$199,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$413.81 per quarterCheck with HOA
Town Sierra640 Elm, Long Beach24$235,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$115 per monthYes. Check rules HOA rules
Americana323 W 4th St Long Beach47$155,000
0
Long Beach Own Your Owns or Condos: What's the Difference?
$175 per monthCheck with the HOA rules
Unknown Name2225 E 2nd Street Long Beach12$260k to $295k
0
Long Beach Own Your Owns or Condos: What's the Difference?
$169,59 to $208.50Yes. See Pet Rules in HOA Documents

 

  • 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
  • 2225 E 2nd Street, Long Beach
  • 333 Linden Avenue, Long Beach
  • 323 W 4th Street, 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.  Would a Long Beach condo work for you as well?  If so, fill out my 5-minute questionnaire today.

Long Beach Own Your Owns or Condos: What's the Difference?
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Jay Valento Long Beach RealtorJay Valento
California Realtor®
562-413-7655
800-300-6126
28 years of experience

 

Condominium Activity

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Long Beach Condos
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Just Listed
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Statistics 2020
Average Price$452,310
Days on Market39
% of List Price99.60%
Months of Inventory3.10
Price Per Sq Ft$484
Year to Date Sales691
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