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Real Estate Appeal
The property market in California is well known for astronomical property prices. This is true, especially in the larger cities within the state, including the real estate markets of San Francisco and Los Angeles. Long Beach real estate offers investors the option of not paying such expensive price tags. The median property prices of Los Angeles, San Diego, Santa Barbara, Oakland, San Francisco, and San Jose are higher compared to that for Long Beach.

Rental yields at the city center are at a rate of 6.44% while outside the city center is 7.11%. The cost of renting a one-bedroom in the city center and outside the city is $1889.7 and $1477.18, respectively. Similarly, the cost of renting a three-bedroom in the city center and outside the city is $2907.69 and 2329.50, respectively. The cost of an apartment in the city center is $5983.35 per sq. meter while outside the city center cost $4281.37 per sq. meter. For details of why you should consider investing and the hottest neighborhoods, see our subsequent related articles.

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