1227 E 1st Street 2c, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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Long Beach, California 90802
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $365,000—positioned well below the $398,467 Fair Market Value by 8%. This valuation gap offers $33,467 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes recent upgrades like laminate flooring and a 2023 roof. Located just two blocks from the beach in the Long Beach Unified district, this property is an ideal choice for Buy-and-Hold Investors or first-time buyers seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 E 1st Street 2c Subject | $365,000* List Price | 1 | 1 | 668 | $597 | - |
A 1405 E 1st Street 6 Sold | $338,500 | 1 | 1 | 605 | $560 | 0.1 mi |
B 1020 E 2nd Street 10 Sold | $420,000 | 1 | 1 | 643 | $653 | 0.2 mi |
C 6 7th Sold | $405,000 | 1 | 1 | 577 | $702 | 0.1 mi |
D 102 Lime Avenue 6 Sold | $337,000 | 1 | 1 | 684 | $493 | 0.4 mi |
E 1808 E Appleton 6 Sold | $405,000 | 1 | 1 | 662 | $612 | 0.4 mi |
F 219 Esperanza Ave #7 Sold | $365,000 | 1 | 1 | 603 | $605 | 0.1 mi |
G 939 E Appleton Street 25 Active | $369,000 List Price | 1 | 1 | 695 | $531 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1961, the property is well-maintained and move-in ready. It features recent functional updates including laminate flooring, newer windows, a new electric wall heater, and a new roof (2023). While the kitchen and bathroom finishes are dated, they are impeccably maintained and functional.
Situated just two blocks from the beach in the vibrant Alamitos Beach neighborhood, providing immediate access to the sand, bike paths, and local dining.
The property features exceptionally low HOA dues of $200 per month, making it a highly cost-effective option for first-time buyers or investors compared to similar coastal units.
The unit is move-in ready with newer windows and laminate flooring, while the complex benefits from a new roof installed in 2023, reducing the likelihood of near-term assessments.
With only 668 square feet of living space, the single-bedroom layout offers limited room for expansion or a dedicated home office setup.
The home relies on a wall heater and ceiling fans rather than a central HVAC system, which may be a drawback for buyers seeking modern temperature regulation.
Welcome to this charming and move-in ready 1-bedroom, 1-bath upstairs condo in the desirable Alamitos Beach neighborhood, just two blocks from the sand. This spacious home is filled with natural light thanks to large newer windows that invite in wonderful ocean breezes. Thoughtfully updated with laminate flooring, a new electric wall heater, two ceiling fans, and newer blinds, the home blends comfort and functionality with timeless character. The kitchen and bathroom are impeccably maintained and full of charm. Ample storage throughout includes double mirrored closets and additional built-in storage space. Located in a small, well-kept complex with low HOA dues the community also features a newer roof installed in 2023. Enjoy being part of all Alamitos Beach has to offer including the beach, bike path, Bixby Park, dog park, Broadway corridor, downtown nightlife, great restaurants, shopping, and entertainment. Conveniently located just a short distance from Belmont Shore, this is a fantastic opportunity to own a clean, well-cared-for beach-close home in one of Long Beach’s most vibrant coastal neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.5 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 | 668 | 849.5 | 27% |
| Lot Size | 7,501 | 25,055 | 17% |
| Price | $365.0K | $490.0K | 21% |
| Price per sq ft | $546 | $579 | 37% |
| Built year | 1961 | 1973 | 36% |
| HOA | $200.0 | $471 | 8% |
| Days on market | 14 | 158 | 1% |
May 30, 2026
$365,000
Initial Listing
Aug 20, 2008
$168,000
Public Record
Jun 28, 2005
$262,000
Public Record