1101 E Ocean, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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1101 E Ocean
Long Beach, California 90802
ACTIVE
CONDITION: FAIR
1Beds
1Baths
599Sq Ft
14,995Lot Size
Property Price
LIST PRICE$359,900
EST. MARKET VALUE
$334,941
7% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $359,900—positioned well below the $334,941 Fair Market Value by -7%. While the property requires modernization, its Condition Rating of 4 offers a clear path to forced appreciation through cosmetic updates. Located one block from the beach with Community Pool access, this unit provides a prime coastal lifestyle. It is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or first-time buyers looking to enter the Long Beach market at an accessible price point.
Estimated Market Value
$334,941
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1101 E Ocean Subject | $359,900* List Price | 1 | 1 | 599 | $559 | - |
A 219 Esperanza Ave #7 Sold | $365,000 | 1 | 1 | 603 | $605 | 0.2 mi |
B 6 7th Sold | $405,000 | 1 | 1 | 577 | $702 | 0.2 mi |
C 1020 E 2nd Street 10 Sold | $420,000 | 1 | 1 | 643 | $653 | 0.1 mi |
D 933 E 1st Street 7 Sold | $338,000 | 1 | 1 | 629 | $537 | 0.2 mi |
E 100 Atlantic Sold | $370,000 | 2 | 1 | 820 | $451 | 0.4 mi |
F 102 Lime Avenue 6 Sold | $337,000 | 1 | 1 | 684 | $493 | 0.3 mi |
G 1405 E 1st Street 6 Sold | $338,500 | 1 | 1 | 605 | $560 | 0.3 mi |
H 1633 East 1st Street 4 Sold | $385,000 | 1 | 1 | 823 | $468 | 0.4 mi |
I 100 Cerritos Avenue 7 Active | $359,900 List Price | 1 | 1 | 690 | $522 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1957 and, while the description mentions it is 'updated,' the visual evidence of the bathroom shows very dated yellow tile countertops and older fixtures likely over 20-30 years old. It appears functional and move-in ready but requires cosmetic and system modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one block from the beach and within walking distance to Downtown Long Beach attractions like the Pike Outlets and Aquarium, this property offers an exceptional lifestyle for coastal enthusiasts.
- Top-Floor Privacy
As an upstairs unit with no neighbors living above and a view overlooking the community pool, this condo provides a quieter and more private living experience compared to ground-floor units.
- Affordability and Low Carrying Costs
With a competitive price point under $360,000 and a relatively low monthly HOA fee of $222, this property represents a highly accessible entry into the Southern California beach market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 599, other record living area = 181.
- Compact Living Area
At only 599 square feet, the interior space is quite limited, which may pose a challenge for buyers seeking ample storage or a more spacious layout for entertaining.
- Market Stagnation
The property has been on the market for nearly 90 days and has undergone two price reductions, which may lead to buyer hesitation regarding its perceived value or the condition of the building.
About 1101 E Ocean
1101 E Ocean Blvd. #16 is an updated one bedroom one bathroom condo one block from the beach. Condo overlooks pool. Upstairs unit with no one above. Home is located at Alamitos Beach and bike path to the Long Beach Convention Center, Aquarium of the Pacific, Pike Outlets, and many other Long Beach Downton activities. Community is in a gated area with outs barbecue and laundry on site. Walk to bus and trains that connect the LA county. Walk to many outside activities and enjoy all Long Beach downtown area has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1957
- Lot Size
- 14,995 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $222.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Stevenson Elementary School
Grades K-5 • 0.6 mi
7/10
Burbank Elementary School
Grades K-5 • 0.9 mi
6/10
Franklin Classical Middle School
Grades 6-8 • 0.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 599 | 924.282 |
| Lot Size | 14,995 | 30,288.04 |
| Price | $359.9K | $521.1K |
| Price per sq ft | $601 | $569 |
| Built year | 1957 | 1976 |
| HOA | $222.0 | $460 |
| Days on market | 172 | 74 |
Pricing History
Listed for Sale
Jun 8, 2026
$359,900
$369,000
-2% Price Drop
Initial Listing
Price Change
May 3, 2026
$369,000
$399,000
-8% Price Drop
Initial Listing
Price Change
Mar 21, 2026
$399,000
Initial Listing
Sold
Nov 21, 2012
$140,000
Public Record