While Nook Real Estate represents buyers and sellers throughout Southern California - and covers the entire Golden State with its groundbreaking Search With Style search platform - we can’t help loving Long Beach. With its central SoCal location, a happening culinary and nightlife scene, museums, arts and culture, Long Beach is a world-class city by the sea.
We recently sat down with Nook’s Long Beach expert, David Hernandez, to get an update on the dynamic and exciting Long Beach real estate market. David is a passionate advocate for - and expert in - urban and vertical living with a focus on city, industrial and loft properties in Downtown Long Beach and Downtown L.A. Here’s why this industry insider thinks that Long Beach should be on your home search short list.
Q: What is the state of the market in Long Beach, particularly for high-rise/urban living?
A: We’re expecting Downtown Long Beach home values to rise 1.8% within the next year, compared to a 1.5% rise in values for Long Beach residential real estate as a whole.
Q: Who is buying high-rise homes in Long Beach?
A: It’s a wonderfully diverse group of people - reflecting the appealing diversity of Long Beach itself. Overall, high-rise condo buyers in Long Beach are urban dwellers who want to have the best of both the beach and city lifestyles. In addition to being the best-priced beach city in SoCal when it comes to real estate, Downtown Long Beach's central location to Orange County, South Bay and Los Angeles also is a plus for people who commute to work.
Q: Are there any "hidden gem" residential buildings and/or areas in Long Beach?
A: The Royal Palms building in the East Village Arts District is a true treasure. Designed by the architects Francis O. Merchant and Richard Shelley, this Mid-Century building is situated two blocks from Alamitos Beach in a fun, walkable, trendy neighborhood featuring a diverse mix of local galleries, cafes and a multitude of public transportation options. Currently, the building has a one-of-a-kind penthouse unit for sale. The penthouse offers unparalleled views of the coastline as well as Downtown LA and the Santa Monica mountains. The views are complemented by an unheard of 1,100 square feet of fantastic outdoor patio space exclusive to this unit. For listing details and photos visit http://www.nookrealestate.com/listing/pv15203226-100-atlantic-avenue-ph-2-long-beach-ca-90802/
Q: Any new Long Beach high-rise projects on the horizon that buyers should know about?
A: The Current, is a new apartment tower that opened in April. Developers AndersonPacific, LLC, Ledcor Properties and Qualico Developments Inc. have completed work on the $70 million first phase of The Current, which encompasses 17 stories and 223 units near the crossing of Ocean Boulevard and Alamitos Avenue. The project’s second phase, a 35-story condominium tower, is still in the planning stages as Downtown Long Beach appears to be attracting a new wave of residential developments. http://thecurrentliving.com/
For more information on properties for sale in Downtown Long Beach and Downtown L.A., and for a confidential, no-obligation consultation regarding your real estate needs, please contact David Hernandez at Nook Real Estate at 213.808.4324, firstname.lastname@example.org.