LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,305
Monthly Cash Flow
-$2,599
Principal + Equity
$5,204
Annual Total Gain
$31,257
Cash on Cash
-14.94%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#20out of 229 markets
Healthiest Places to Live in America
#49out of 230 markets
Best Cities for Outdoor Activities in America
#12out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Long Beach, CA.
Before investing in a property in Long Beach, CA for short term rental purposes, an investor should be aware of the following regulations:
1. Permits and Licenses: Long Beach requires property owners to obtain a permit and business license in order to operate a short term rental. The permit must be renewed annually and there are specific requirements that must be met in order to obtain approval.
2. Occupancy Limits: The city has strict occupancy limits for short term rentals, with a maximum of 2 adults per bedroom plus 2 additional guests. This is to prevent overcrowding and ensure the safety of guests.
3. Noise Regulations: Long Beach has noise regulations in place to prevent disturbances to neighbors. Property owners must ensure that guests adhere to quiet hours and are respectful of the surrounding community.
4. Transient Occupancy Tax: Property owners are required to collect and remit transient occupancy tax on short term rental stays. This tax is in addition to sales tax and must be paid to the city on a regular basis.
5. Zoning Restrictions: Long Beach has specific zoning regulations that dictate where short term rentals are allowed to operate. It is important for investors to ensure that the property they are considering is in a zone that permits short term rentals.
6. Insurance Requirements: Property owners are required to carry liability insurance for their short term rental property. This is to protect both the owner and guests in case of accidents or damages.
7. Code Compliance: Short term rental properties must comply with all building and safety codes in Long Beach. Inspections may be required to ensure that the property meets these standards.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Long Beach operates legally and successfully. It is important to thoroughly research and understand the local regulations before making an investment in this market.
Market Trends Over Time
Explore 25 years of market data for Long Beach, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Long Beach, CA.
The LTR Genie Score of Long Beach, CA is 46, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is 65, showing a higher level of rentability for short-term rental or Airbnb properties. The higher STR Genie Score can be attributed to the higher net ROI and occupancy rate compared to long-term rentals. The 1-year price appreciation forecast is relatively low at 0.75%, suggesting slower growth in property values.
Long Beach, CA is a coastal city known for its diverse neighborhoods, vibrant arts scene, and proximity to major attractions like the Queen Mary and Aquarium of the Pacific. The city offers a mix of urban living and beachfront properties, making it an attractive location for both long-term and short-term rental investments.
Based on the metrics provided, Long Beach, CA appears to be more attractive for short-term rental investments due to the higher STR Genie Score, net ROI, and occupancy rate. However, investors should also consider the potential for long-term rental properties, especially if looking for more stable and consistent rental income. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in maximizing returns in the Long Beach market.
