Hi guys, I'm looking to invest in a property with the following criteria: • It has "beach city" weather. I might have to live in this property for a few years first, and I *hate* hot weather. Looking for city where summer weather doesn't go above 80. So that includes Long Beach, San Pedro, Lomita, Seal Beach, Wilmington, Lomita, Westminster, etc. • It's a city that's relatively cheap (i.e. not Palos Verdes or Huntington Beach) but is the fastest among up-and-coming beach cities in terms of gentrification . i.e. the area is continuously getting safer and the HHI of the neighborhood is getting higher for the next 10 years. I think based on my criteria Long Beach should be top of the list. But if there are other cities that you think also fit into this criteria I would love to know. Thanks! tldr: I want to invest in a home in a city with beach city weather that also has the most potential for gains due to gentrification in the next 10 years.

@Jason Velie @William Murrell He’s talking about Wilmington , CA Pretty much it’s the LA port area

Hi David, Defiantly agree! Long Beach and San Pedro would be my top recommendations! Long Beach will be hosting the Olympic in 2028 and San Pedro has a $36 million dollar water front development that kicked off at the start of 2021. I'll link the development below. https://www.lawaterfront.org/i...

Simple and quickest answer is - any beach city in So Cal will have appreciation over a 10 year period. There is only so much coast line and they are not making any more of it. In fact, with global warming, perhaps it is dwindling. That said, LB is a huge up and comer but make no mistake, it does get above 80 degrees. San Diego is another great spot for your criteria. Santa Monica is yet another "silicon beach".

@David Stuart In addition to LA County & OC there are a few SD County beaches that have yet to fully gentrify and raise significantly in cost. Not ironically, they are primarily on opposite ends of the county. Imperial Beach (southern end) & Oceanside (northern end). Oceanside doesn't have as much of an upside as Imperial Beach in my opinion as it's already started to turn over but it's in a better location respective to Southern California.

I believe Myrtle Beach and the surrounding areas still have a great runway for appreciation, particularly the oceanfront condo market. When I look at the sales history of the units currently for sale, several of them still haven't caught up to their values from '05 and '06 before the crash. For example, I'll often come across a 1-bedroom oceanfront condo listed for $160,000 that sold for $165,000 in 2006. Zillow is also forecasting about 20% appreciation in 2022 for most of the Myrtle Beach area ZIP codes.

I think the name of the game is affordability. Therefore the lower priced the area near the beach, it is more likely to appreciate faster than other areas. This is because as people get priced out of areas, they have to go somewhere.

David, For a 10-year time horizon, I recommend San Pedro. Development has just begun on the waterfront. Pricing is still extremely favorable. In ten years, San Pedro will resemble what Long Beach is now. Best, Jon

@David Stuart David, you nailed it…San Pedro and Long Beach best bang for your buck right now and best potential for highest appreciation compared to other areas you mentioned. Lomita isn’t near beach really, but it’s nice family starter area if you can’t afford Torrance. But I would look into San Pedro for sure. Lots of development going on.

Agreed to all the above! The Beach cities anywhere in CA are good to invest and will appreciate! Stay local to those and you cannot go wrong. They are seeming to be having more issues that a lot of people are seeing else where with higher tides etc.

@David Stuart I’m in Wilmington and it’s like 96 degree with 100% humidity, so you can cross that one off your list lol

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Updated about 3 years ago on 03/01/2022. Most recent reply

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David StuartPoster

Diamond Bar, CA

Long Beach Real Estate Forum

Which beach city has the best chance of appreciation in 10 years?

David StuartPoster

Diamond Bar, CA

Posted August 12, 2021 12:38

Hi guys,

I'm looking to invest in a property with the following criteria:

It has "beach city" weather. I might have to live in this property for a few years first, and I *hate* hot weather. Looking for city where summer weather doesn't go above 80. So that includes Long Beach, San Pedro, Lomita, Seal Beach, Wilmington, Lomita, Westminster, etc.
It's a city that's relatively cheap (i.e. not Palos Verdes or Huntington Beach) but is the fastest among up-and-coming beach cities in terms of gentrification . i.e. the area is continuously getting safer and the HHI of the neighborhood is getting higher for the next 10 years.

I think based on my criteria Long Beach should be top of the list. But if there are other cities that you think also fit into this criteria I would love to know. Thanks!

tldr: I want to invest in a home in a city with beach city weather that also has the most potential for gains due to gentrification in the next 10 years.

Long Beach, California

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Which beach city has the best chance of appreciation in 10 years?

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