
Long Beach, California 90802
This Strong Value Opportunity is a 2-bedroom, 2-bath corner unit listed at $439,900—positioned well below the $464,326 Fair Market Value by 5%. This valuation gap offers $24,426 in Instant Equity. With a Condition Rating of 4, the property features two expansive balconies and a prime, walkable location near the beach. While the unit requires cosmetic updates, it serves as a versatile asset for Buy-and-Hold Investors or first-time buyers seeking a coastal residence with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1187 E 3rd 210 Subject | $439,900* List Price | 2 | 2 | 1,041 | $446 | - |
A 615 E Broadway Sold | $455,500 | 2 | 2 | 1,081 | $421 | 0.4 mi |
B 1187 East 3rd Street 305 Sold | $319,000 | 1 | 1 | 779 | $409 | 0.0 mi |
C 1919 E Beverly 205 Sold | $525,000 | 2 | 2 | 1,014 | $518 | 0.5 mi |
D 1273 E Appleton St 3 Sold | $362,000 | 1 | 1 | 860 | $421 | 0.1 mi |
E 375 Atlantic Avenue 508 Sold | $430,000 | 2 | 2 | 956 | $450 | 0.5 mi |
F 1244 E 3rd #201 Sold | $510,000 | 2 | 2 | 987 | $517 | 0.1 mi |
G 433 Atlantic 6 Sold | $485,000 | 2 | 1 | 922 | $526 | 0.5 mi |
H 100 Atlantic Sold | $370,000 | 2 | 1 | 820 | $451 | 0.5 mi |
I 1187 E 3rd 202 Active | $499,999 List Price | 2 | 2 | 1,056 | $473 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, this property is over 50 years old and retains dated features such as popcorn ceilings and standard carpeting. While the unit appears well-kept and functional, there is no mention of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric), suggesting it needs cosmetic updates to meet modern standards.
Situated in the highly desirable Alamitos Beach neighborhood, this property offers an exceptional walkable lifestyle just blocks from the ocean, local dining, and boutique shopping.
As a corner residence, the condo benefits from increased privacy, an abundance of natural light, and the rare luxury of two expansive balconies for outdoor enjoyment.
The 1,041 square foot open floor plan provides a versatile living space that is well-suited for a primary residence, a weekend retreat, or a high-demand rental investment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1041, other record living area = 631. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Despite its proximity to the beach, the property is noted as having no specific view, which may impact its competitive edge against other coastal units in the same price bracket.
Constructed in 1969, the building may face aging infrastructure challenges, and the $475 monthly HOA fee represents a significant recurring cost relative to the listing price.
Welcome to coastal living at its finest! This spacious 2 bedroom, 2 bath corner unit condo offers an abundance of natural light, an open and inviting floor plan, and the rare luxury of two expansive balconies. Perfect for enjoying your morning coffee, entertaining friends or unwinding with the ocean breeze. Ideally located just blocks from the beach this home places you in the heart of one of the areas most vibrant neighborhoods. Step outside and enjoy an exceptional walkable lifestyle with an array of popular restaurants, charming cafes, boutique shopping and local entertainment just moments away. Whether you're looking for a full time residence, a weekend retreat or an investment opportunity this condo offers the perfect blend of comfort, convenience and coastal charm. Don"t miss the opportunity to own a light filled, corner residence in an unbeatable beach close location where the best of Southern California living is right outside your door.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,041 | 926 |
| Lot Size | 25,055 | 30,781 |
| Price | $439.9K | $514.8K |
| Price per sq ft | $423 | $568 |
| Built year | 1969 | 1979 |
| HOA | $475.0 | $475 |
| Days on market | 13 | 76 |
Jul 9, 2026
$439,900
Initial Listing
Dec 30, 2021
$335,000
Public Record
May 6, 2004
$225,000
Public Record
Nov 15, 1999
$75,000
Public Record
Jul 19, 1996
$31,000
Public Record