Apartment building insurance in Long Beach (90807)
The apartment stock in Long Beach (90807) is old even for Los Angeles. 95% of the 205 buildings with five or more units went up before 1978 and the median one was built in 1948, so ordinance and law limits, original wiring and tuck-under parking are the first three things a file here has to answer for.
What this means for a building in Long Beach (90807)
- Age. The median apartment building here was built in 1948, and 95% are pre-1978. That is the ordinance and law and soft-story conversation. Why it matters.
- Size. The average building is 15.3 units and about 10,458 square feet, which puts replacement cost near $3,398,850 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. No 5+ unit building here has recorded a sale in the last six months, so this is mostly a hold-and-own market where policies renew on autopilot.
- 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 (90807)
If you sent me an address here, I would start with the electrical panel and the wiring, because a median year built of 1948 means original service in a lot of these buildings. Then the ordinance and law limits, since 95% of the buildings here would have to be rebuilt to today's code. After that, the replacement cost, because 10,458 square feet at $325 a foot is about $3,398,850 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.
- Long Beach (90806) 494 buildings
- Long Beach (90805) 423 buildings
- Long Beach (90804) 745 buildings