Long Beach is a city where the character of neighborhoods varies distinctly along the coastline. It is not uncommon to see significant differences in home prices even within a ten-minute walk, making it a prime example of a region where home values should be assessed on a neighborhood basis.

Naples is considered the most expensive neighborhood in Long Beach, characterized by its island-like residential area with canals. The median home prices are generally in the range of $1.8 million to $2.6 million, and due to the rarity of listings, recent trends appear to show a gradual increase.

Belmont Shore is a neighborhood close to the beach with commercial areas, where home prices typically range from $1.3 million to $1.7 million. Over the past year, it has shown fluctuations without a clear direction, remaining in a stable range.

Bixby Knolls offers relatively accessible prices, with transactions often occurring in the $800,000 to $1 million range. Recent remodeling and small-scale commercial revitalization have led to a notable increase compared to other neighborhoods.

From an investment perspective, Bixby Knolls is worth paying attention to. With good access to the Metro Blue Line and ongoing local commercial revitalization projects, it may be evaluated as a neighborhood with potential for long-term price appreciation.

In terms of rental yield, Bixby Knolls is estimated to have a rental rate of 4-5% compared to home prices, making it relatively favorable from a cash flow perspective. In contrast, Naples has very high home prices, resulting in lower yields, but it attracts investors looking for capital gains based on its scarcity.

Risk factors include the rising flood insurance costs for coastal neighborhoods like Naples and Belmont Shore, as well as the potential for short-term overheating in neighborhoods like Bixby Knolls that have seen rapid price increases in recent years.

For Korean households, if prioritizing actual residence and stability, Belmont Shore may be the preferred choice, while Bixby Knolls appears to be a realistic option for those considering cash flow for investment purposes. Considering access to the Korean business district in downtown Long Beach will also be helpful.