122 Elm Avenue 11, Long Beach, California 90802, Long Beach, 90802 - bed, 1 bath

122 Elm Avenue 11, Long Beach, California 90802 home-pic-0
ACTIVE$255,000
122 Elm Avenue 11, Long Beach, California 90802
0Bed
1Bath
360Sqft
5,056Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Walkability: Located in Long Beach's vibrant East Village Arts District with an exceptional Walk Score of 97, offering immediate access to public transit (Metro Blue Line), entertainment (Shoreline Village, The Pike, Terrace Theater), and a plethora of trendy coffee shops, galleries, and restaurants.
Top Cons:
Limited Square Footage: At only 360 square feet, the unit is very compact, which may limit its appeal to a broad range of buyers seeking more expansive living space or long-term accommodation.

Compared to the nearby listings

Price:$255.0K vs avg $485.0K ($-230,000)3%
Size:360 sqft vs avg 881 sqft2%
Price/sqft:$708 vs avg $58977%

More Insights

Built in 1949 (76 years old).
Condition: This studio unit underwent a total remodeling in 2024, including new appliances, flooring, paint, and updated fixtures. The kitchen features new white shaker cabinets, modern countertops, a new stainless steel gas stove and refrigerator. The bathroom has a new vanity, sink, toilet, and modern light fixture. While the building itself is older (1949), the interior unit meets the criteria for 'excellent' due to the extensive and recent renovation, making it virtually new and move-in ready with no deferred maintenance.
Year Built
1949
Close
-
List price
$255K
Original List price
$295K
Price/Sqft
$708
HOA
$158.36
Days on market
-
Sold On
-
MLS number
PW25125668
Home ConditionExcellent
Features
Patio
ViewCity Lights

About this home

NEW PRICE IMPROVEMENT . . . Welcome to Unit 11 at 122 Elm Avenue—an exceptional opportunity to own a bright and stylish studio in the great pet friendly Grayson Arms condominium complex, perfectly located in Long Beach’s vibrant East Village Arts District. This second-floor unit is flooded with natural light, thanks to oversized windows offering views of both the lush courtyard and tree-lined street below. Step inside to discover a thoughtfully designed layout featuring both a spacious walk-in closet and a mirrored sliding-door closet. The eat-in kitchen offers ample cabinetry and is complemented by tasteful updates throughout the home, including designer paint, modern plumbing fixtures, vertical blinds, recessed lighting, and a newer AC unit. Appliances include a new gas stove and refrigerator, along with a window AC and gas wall heater to keep you comfortable year-round. Community laundry is conveniently located on the first floor, and the courtyard features a BBQ area with outdoor dining. Rental parking is available at the adjacent lot and through Westin on a monthly basis.With a Walk Score of 97, you’re steps from the Metro Blue Line, Pine Ave, Shoreline Village, The Pike, Terrace Theater, and an array of trendy coffee shops, galleries, and restaurants. On-site laundry, low HOA dues, and a pet-friendly community make living here easy and enjoyable. Street parking is plentiful, and monthly spaces are available for rent at the adjacent Westin Hotel. Unit went under total remodeling with new appliances in 2024.

Price History

Date
Event
Price
08/24/06
Sold
$115,000
Condition Rating
Excellent

This studio unit underwent a total remodeling in 2024, including new appliances, flooring, paint, and updated fixtures. The kitchen features new white shaker cabinets, modern countertops, a new stainless steel gas stove and refrigerator. The bathroom has a new vanity, sink, toilet, and modern light fixture. While the building itself is older (1949), the interior unit meets the criteria for 'excellent' due to the extensive and recent renovation, making it virtually new and move-in ready with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Walkability: Located in Long Beach's vibrant East Village Arts District with an exceptional Walk Score of 97, offering immediate access to public transit (Metro Blue Line), entertainment (Shoreline Village, The Pike, Terrace Theater), and a plethora of trendy coffee shops, galleries, and restaurants.
Recent Renovation & Modern Updates: The unit underwent a total remodeling in 2024, featuring designer paint, modern plumbing fixtures, recessed lighting, new gas stove, refrigerator, and a newer AC unit, providing a stylish and move-in ready living space.
Pet-Friendly Community & Low HOA: The Grayson Arms complex is pet-friendly, broadening its appeal to pet owners, and boasts attractively low HOA dues of $158.36, contributing to lower monthly ownership costs.
Abundant Natural Light & Views: As a second-floor unit, it benefits from oversized windows that flood the space with natural light and offer pleasant views of both the lush courtyard and the tree-lined street below.
Functional Layout & Storage: Despite its studio configuration, the unit features a thoughtfully designed layout with an eat-in kitchen, ample cabinetry, a spacious walk-in closet, and a mirrored sliding-door closet, maximizing utility and storage efficiency.

Cons

Limited Square Footage: At only 360 square feet, the unit is very compact, which may limit its appeal to a broad range of buyers seeking more expansive living space or long-term accommodation.
No Deeded Parking: The property does not include dedicated or deeded parking, with options limited to rental spaces at an adjacent lot or the Westin Hotel, which adds an ongoing cost and potential inconvenience for vehicle owners.
Price Reduction History: The property has undergone multiple price reductions from its original list price of $295,000 to the current $255,000, which could indicate challenges in market valuation or buyer interest at previous price points.

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