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.

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 one of the few lenders that I know that does loans on “own your owns”, you need 20% down to get financing for this type of property.

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	0	$195 per month	Check the HOA rules
Canon Apartments	5608 Lime Ave, Long Beach	4	$192,000	0	$105 per month	Check the HOA Rules
La Vista	128 Lime, Long Beach	16	$215,000	0	$375 per quarter	Yes. Check with HOA.
Albert Apartments	235 W 5th Street, Long Beach	5	$196,100	0	$154.15 per month	Check with HOA
Welles	325 Elm, Long Beach	18	$250,000	0	$480 per quarter	Check the HOA rules
Long Beach Apartments	354 Chestnut, Long Beach	30	100k to 189k	0	$78 per month	Check with HOA rules
Elm Manor	723 E 3rd Street, Long Beach	12	$270,000	0	$631 per quarter	Check the HOA rules
Casa De Manana	1250 E 4th Street, Long Beach	12	$154,000	0	$132 per month	Check the HOA rules
Vista Homes	1325 E 7th, Long Beach	12	$179k to $260k	0	$287 per quarter	Check with HOA.
Vista Homes	1331 E 7th, Long Beach	20	$224,000	0	$105 per month	Check with HOA
The Clarendon	1739 E Appleton, Long Beach	11	$276k to $330k	0	$106 per month	Check with HOA
Jeaneane Apartments	333 Linden Avenue, Long Beach	15	No recent sales	0	$140 per month	Check with HOA.
Crestwave	543 Cedar, Long Beach	12	$200,000	0	$230 per month	Check with HOA
Cedar Gardens	728 Cedar, Long Beach	30	$199,000	1	$413.81 per quarter	Check with HOA
Town Sierra	640 Elm, Long Beach	24	$235,000	0	$115 per month	Yes. Check rules HOA rules
Americana	323 W 4th St Long Beach	47	$155,000	0	$175 per month	Check with the HOA rules
Unknown Name	2225 E 2nd Street Long Beach	12	$260k to $295k	0	$169,59 to $208.50	Yes. See Pet Rules in HOA Documents

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 Jay Valento at 562-413-7655 or fill out this form below and we will email you a list of them.

Would one of the many Long Beach condos work for you as well? If so, fill out my 5-minute questionnaire today.