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 20% 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
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Own Your Own Buildings in Long Beach
|Building Community||Address||Number of Units||Price Range||Active Listings||HOA Fee||Pet Friendly|
|Barbara Ann Manor||932 E 2nd Street, Long Beach||35||$210,000||$195 per month||Check the HOA rules|
|Canon Apartments||5608 Lime Ave, Long Beach||4||$192,000||$105 per month||Check the HOA Rules|
|La Vista||128 Lime, Long Beach||16||$215,000||$375 per quarter||Yes. Check with HOA.|
|Albert Apartments||235 W 5th Street, Long Beach||5||$196,100||$154.15 per month||Check with HOA|
|Welles||325 Elm, Long Beach||18||$250,000||$480 per quarter||Check the HOA rules|
|Long Beach Apartments||354 Chestnut, Long Beach||30||100k to 189k||$78 per month||Check with HOA rules|
|Elm Manor||723 E 3rd Street, Long Beach||12||$270,000||$631 per quarter||Check the HOA rules|
|Casa De Manana||1250 E 4th Street, Long Beach||12||$154,000||$132 per month||Check the HOA rules|
|Vista Homes||1325 E 7th, Long Beach||12||$179k to $260k||$287 per quarter||Check with HOA.|
|Vista Homes||1331 E 7th, Long Beach||20||$224,000||$105 per month||Check with HOA|
|The Clarendon||1739 E Appleton, Long Beach||11||$276k to $330k||$106 per month||Check with HOA|
|Jeaneane Apartments||333 Linden Avenue, Long Beach||15||No recent sales||$140 per month||Check with HOA.|
|Crestwave||543 Cedar, Long Beach||12||$200,000||$230 per month||Check with HOA|
|Cedar Gardens||728 Cedar, Long Beach||30||$199,000||$413.81 per quarter||Check with HOA|
|Town Sierra||640 Elm, Long Beach||24||$235,000|
|$115 per month||Yes. Check rules HOA rules|
|Americana||323 W 4th St Long Beach||47||$155,000|
|$175 per month||Check with the HOA rules|
|Unknown Name||2225 E 2nd Street Long Beach||12||$260k to $295k||$169,59 to $208.50||Yes. 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.