Apartment building insurance in Long Beach (90804)
Long Beach (90804) has been trading. 5 apartment buildings here changed hands in the last six months, out of 745 with five or more units, and every one of those buyers had to place coverage on an escrow deadline using a policy they inherited and usually had not read.
What this means for a building in Long Beach (90804)
- Age. The median apartment building here was built in 1962, and 71% are pre-1978. That is the ordinance and law and soft-story conversation. Why it matters.
- Size. The average building is 9.9 units and about 6,257 square feet, which puts replacement cost near $2,033,525 at $325 per square foot.
- Rent regulation. The AB 1482 statewide rent cap covers most buildings more than 15 years old, which slows a rebuild and argues for 18 to 24 months of loss of rents.
- Market. 5 buildings sold here in the last six months. Each of those buyers inherited a policy that was probably wrong on at least one of the four gaps.
- Price. Older buildings across LA County are paying $1,500 to $2,500 per unit per year. What drives it.
What I would check first on a building in Long Beach (90804)
If you sent me an address here, I would start with the update history on roof, plumbing, electrical and panel, with dates and permits, because underwriters price documents rather than intentions. Then the ordinance and law limits, since 71% of the buildings here would have to be rebuilt to today's code. After that, the replacement cost, because 6,257 square feet at $325 a foot is about $2,033,525 and many policies here are still carrying a number set years ago. Every one of those is public record, and checking them costs you nothing.
Nearby areas
The same public records for the areas next door.
- Belmont Shore (90803) 556 buildings
- Long Beach (90805) 423 buildings
- Downtown Long Beach (90802) 747 buildings