What do you guys think of the condo complex in 1775 Ohio St. Long Beach? Is this a good area? corner of PCH

Sam Trigg
Home Buyer
Long Beach, CA

and Ohio/Molino. There are couples of 3/2 condo's 1240 sqf.asking price 200,000-240,000. they have 100 units in the complex and different hoa dues. hoa dues are from 200-430 monthly. I think the asking price is low, what do you think?

Answers (2)
Glenn
Agent
Long Beach, CA

Hello Sam: Presently there are no condos for sale, via the MLS, at 1775 Ohio Street in Long Beach. Four units are in escrow with an accepted offer while there is one which has a status of "On Hold" due to the number of offers the seller has received.

Food for thought...When you purchase a home near or on a main street such as PCH you will encounter what we call transient foot traffic which means you will have many strangers walking on by your home at all hours of the day.

As to your view on the pricing: Not knowing the location of the unit you are interested in, such as the first floor or second floor and so on, I can only make the following statement based on the past three month market data. Units which have sold on the first floor brought in a sales price between $175,000 to $192,000. And there was one unit on the fourth floor which sold for $198,000 though about 170 sqft smaller then your stated figure in your question.

As Sherry, the other agent, had said it is not about what we think...It is about what you like that counts the most. I personally prefer driving BMW's for a car while a close friend of mine likes Audi. Who has the better car? We both do for we both chose a car we liked. So if you like the units at this location go for it. If you have concerns about crime matters, just call the local police department regarding data or do some home work on this issue.

Mon Jun 29 2009, 22:43
Sherry Ferfes
Agent
93534
FIRST ANSWER

It is more important what you think about the area. If you like the area and the price and condo is what you are looking for, then there is your answer. If you plan on buying using Fha, I would make sure that at least 51% of condo's are owner occupied. Having a realtor would be able to help you with the purchase.

Mon Jun 29 2009, 20:55

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