Real Estate
Got $54 Billion? You Could Buy Long Beach
If you wanted to buy up all of Long Beach, you'd need $54 billion in your pocket, according to the Los Angeles County assessor.
LOS ANGELES, CA — The assessed value of properties in Los Angeles County increased by 6 percent over the past year to reach another record level and mark the seventh straight year of increases, according to figures released Friday by the assessor's office.
The property roll put the assessed value at $1.416 trillion, up $80.6 billion from last year.
The county's largest city, Los Angeles, led the way with a valuation of $568 billion, up 6.6 percent from 2016. Long Beach placed second at $54 billion, followed by Santa Monica at $34.4 billion, Beverly Hills at $31.9 billion and Santa Clarita at $30.7 billion.
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The fastest-growing cities in the county were El Segundo, with an 11.6 percent assessment growth; Hawaiian Gardens, up 10.9 percent; and Avalon, up 9.3 percent.
The 2017 Annual Report is available online at http://assessor.lacounty.gov/wp-content/flipbook/annual-report.
Find out what's happening in Long Beachfor free with the latest updates from Patch.
City News Service; Photo: Shutterstock
