1187 East 3rd Street 305, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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Long Beach, California 90802
This Top-Floor Coastal Condominium is a Strong Value Opportunity, listed at $349,000—positioned well below the $381,478 Fair Market Value by 8%. This valuation gap provides $32,478 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the residence features modern laminate flooring, stainless steel appliances, and the rare convenience of in-unit laundry. Located 0.5 miles from the beach near Stevenson Elementary, the property offers enhanced privacy and gated parking. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a turnkey beachside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1187 East 3rd Street 305 Subject | $349,000* List Price | 1 | 1 | 779 | $490 | - |
A 1405 E 1st Street 6 Sold | $338,500 | 1 | 1 | 605 | $560 | 0.3 mi |
B 375 Atlantic Avenue 508 Sold | $430,000 | 2 | 2 | 956 | $450 | 0.5 mi |
C 1633 East 1st Street 4 Sold | $385,000 | 1 | 1 | 823 | $468 | 0.4 mi |
D 50 Elm Avenue 4 Sold | $350,000 | 1 | 1 | 713 | $491 | 0.6 mi |
E 307 Cherry Avenue 6 Sold | $342,000 | 1 | 1 | 712 | $480 | 0.5 mi |
F 102 Lime Avenue 7 Sold | $346,000 | 1 | 1 | 690 | $501 | 0.4 mi |
G 1187 E 3rd Pending | $375,000 List Price | 1 | 1 | 781 | $480 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with several key updates. It features modern laminate flooring, neutral interior paint, and a kitchen equipped with updated stainless steel appliances and a breakfast bar. While the 1969 build date is reflected in the popcorn ceilings and older cabinet profiles, the overall condition is clean and functional, requiring no immediate renovations for occupancy.
Situated just 0.5 miles from the beach and minutes from downtown Long Beach, this property offers an ideal lifestyle for those seeking proximity to the ocean, dining, and entertainment.
As a top-floor unit, this condo provides enhanced privacy with no neighbors above, featuring a desirable open-concept layout and a private balcony for coastal breezes.
The unit includes highly sought-after features such as in-unit laundry, stainless steel appliances, and gated parking, which are often missing in older coastal condominiums.
The monthly association fee of $475 is relatively high for a one-bedroom unit, which may affect the overall affordability and debt-to-income ratio for some buyers.
Constructed in 1969, the building may require more frequent maintenance or lack the contemporary amenities and energy efficiencies found in newer residential developments.
Welcome to 1187 E 3rd Street #305 in the heart of Long Beach! This light-filled top-floor condo offers an open-concept layout and a seamless flow from the living area to a private balcony—perfect for enjoying coastal breezes and beautiful sunset views. The kitchen features stainless steel appliances and a functional breakfast bar that opens to the dining and living space. The spacious bedroom includes generous closet space, while the unit also offers the convenience of in-unit laundry. The community features a secured entry, inviting courtyard, and gated parking. Ideally located approximately 0.5 miles from the beach and just minutes from downtown Long Beach, shopping, dining, and public transportation—this is coastal living at its best!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 779 | 865 | 41% |
| Lot Size | 25,049 | 24,828 | 50% |
| Price | $349.0K | $485.0K | 16% |
| Price per sq ft | $448 | $578 | 6% |
| Built year | 1969 | 1972 | 48% |
| HOA | $475.0 | $475 | 50% |
| Days on market | 28 | 182 | 1% |
Mar 25, 2026
$349,000
Initial Listing
Sep 16, 2016
$310,000
Public Record
Oct 31, 2014
$225,000
Public Record