The difference between Own Your Owns (OYO) and Long Beach condos 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.
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All Long Beach Own Your Owns for Sale
Even though the property type says condos, my property search tool has not updated the property type to say Own Your Owns. I carefully created this list of OYOs for you. Let’s meet for coffee and talk about your real estate plans so we know how to advise you. Call Jay at 562-413-7655.
A beautiful 1-bed unit that has been freshly painted and is light and bright. This unit has one bathroom and a walk-in style closet with plenty of storage space above the closet. Residents enjoy the beach lifestyle at an affordable price. 11 parkin
Welcome to this updated Own Your Own home located in hip Long Beach with one parking and laundry hookups in unit! This updated home provides easy access to freeways, LA and Orange County. This gated community is conveniently located to a grocery sto
Location, Location, Location!!! Your opportunity to live one block to the beach. This Own Your Own Ground floor apartment has big windows offering plenty of natural light. 2 large bedrooms, 1 bath, this front unit has only one shared wall. Brand new
LOCATION, LOCATION, LOCATION--MID CENTURY MODERN. This is your second chance! Unit #2 just sold and Unit #3 is now available and for sale. It is a Large, 1 bedroom and 1 bath condo in the sought after Alamitos Beach area of Long Beach is waiting fo
HUGE PRICE ADJUSMENT FOR FAST SALE!Prime Investor Opportunity! This bright second-floor front one-bedroom OYO is complete in the vibrant East Village of downtown Long Beach. It is a remarkable find, offering ample natural light and making it an ideal
Presenting an exceptional opportunity to acquire a move-in ready, one-bedroom, one-bath own-your-own unit in thriving downtown Long Beach, all at an incredible price. The property is located just steps away from an array of restaurants, shopping outl
Penthouse Studio condominium with skyline views located downtown in quiet area just 2/3 of a mile from The Pike that is the entertainment capital of Long Beach with shops galore, exquisite dining, entertainment, rides, Long Beach Aquarium, boating an
One dedicated PARKING SPOT with unit. Fabulous downtown Long Beach location! Very near the Convention Center and walking distance to eateries on Pine Ave, nightlife and the beach. This is a beautiful, clean Own Your Own/condo. Own Your Own requires
Welcome to your urban oasis in the heart of downtown Long Beach, California! This charming upstairs studio, nestled in a historic building, invites you to experience the vibrant city life with modern convenience. This property is currently receiving
Step into this wonderful top-floor unit boasting an open floor plan in a mid-century style building. The moment you enter, you will be greeted by charming open beamed ceilings that infuse the space with warmth and character. The meticulously maintain
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What are the Financing Requirements?
Please keep this in mind: some of the Own Your Own buildings may require you to pay “cash only” which is due to having too many rentals in the community or this is an issue and it doesn’t qualify for financing.
Additional Information Own Your Own Properties
I call them one of the first types of condominiums. The number of own you 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.
Property taxes on either are segregated (billed to each unit on an individual assessor’s parcel number).
If you’re looking to invest in real estate, owning your own residential properties can be a great option. Not only can it provide a steady stream of passive income, but it can also offer long-term financial benefits through appreciation and equity.
However, before diving into the world of property ownership, it’s important to understand the responsibilities and considerations that come with it.
Equity and Appreciation
Owning your residential property can be a great investment in your financial future. One of the primary benefits of owning a property is the potential for equity and appreciation. When you own your own home, you are building equity with each mortgage payment you make. This equity can be used in the future to finance other investments or to pay off debt.
Additionally, property values tend to appreciate over time, meaning that your home could be worth more in the future than it is today. This can be a great way to build wealth and secure your financial future.
Stability and Security
Owning your own home can also provide a sense of stability and security. When you rent a property, you are subject to the whims of your landlord. They may decide to sell the property, raise the rent, or make other changes that can disrupt your life. When you own your own home, you have control over your living situation and can make changes as you see fit.
Additionally, owning your own home can provide a sense of security for you and your family. You don’t have to worry about being evicted or having to move because of someone else’s decisions.
Factors to Consider Before Buying a Residential Property
When you decide to buy a residential property, there are several factors you need to consider to ensure that you make the right choice. Here are some of the most important factors to keep in mind:
Location and Neighborhood
The location of the property is one of the most important factors to consider before making a purchase. You want to choose a location that is convenient for you and your family, with easy access to amenities such as schools, hospitals, shopping centers, and public transportation. You should also consider the safety and security of the neighborhood, as well as the quality of the schools in the area.
Budget and Financing Options
Before you start looking for a property, you should determine your budget and financing options. You need to know how much you can afford to spend on a property, including the down payment, closing costs, and ongoing expenses such as property taxes and maintenance costs. You should also consider your financing options, such as getting a mortgage or using your savings to pay for the property.
Do You Want a List of Long Beach Own Your Own Properties Sent to You?
Long Beach has a small number of Own Your Owns (OYO) for sale. If you are interested in this type of property, please contact us and we will email you a list of them.
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