Californian Apartments

Californian Apartments

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The Californian Apartments housing stock co-operative building is located in the historic Willmore district of downtown Long Beach. Our building is registered with the city of Long Beach as a historical landmark, and sits on a block with two other historical landmark buildings. Immediately east of us is the 10-story Willmore building itself. Across the street is the First Congregational Church, a red brick structure built in 1915 featuring wrought iron accents and large, round stained glass windows.

Our block draws sight-seeing groups touring the artistic and historic sites of Long Beach. In addition, several television and film shots are staged on our street every year.

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About our association

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The Californian Apartments building was erected on 3rd Street in Long Beach circa 1920. It was originally designed as "beach apartments" for oil company executives working the rich oil fields in the Long Beach / Signal Hill area. Shortly thereafter, a corporation was formed to acquire ownership of the building to run the building's units as Stock Co-operative apartments. Californian Apartments, Inc. was incorporated in 1924.

In Stock Co-operative housing, a corporation is set up to hold the Title Deed to the building(s) containing the residential units. Corporate stock is issued, with various amounts of shares corresponding to the relative values of the individual apartments. A person becomes a member of the co-op by purchasing the shares of stock representing one of the units. In return, the corporation issues a co-op "Lease" to the purchaser which grants the right of occupancy. Holding stock in a Stock Co-operative is recognized as home ownership by state and county governments for purposes such as homeowners' property tax exemptions.

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