2060 E 3rd, Long Beach, California 90814, Long Beach, 90814 - 1 bed, 1 bath
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2060 E 3rd
Long Beach, California 90814
ACTIVE
CONDITION: FAIR
1Beds
1Baths
711Sq Ft
8,367Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$386,009
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $386,009 Fair Market Value by -3%. While the unit features a Fair Condition Rating due to its original 1961 finishes, the prime coastal location and private detached garage provide significant long-term value. This asset requires cosmetic modernization to maximize rental yield or resale potential. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project near the beach.
Estimated Market Value
$386,009
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 |
|---|---|---|---|---|---|---|
★ 2060 E 3rd Subject | $399,000* List Price | 1 | 1 | 711 | $543 | - |
A 2135 E Florida Street 7 Sold | $320,000 | 1 | 1 | 569 | $562 | 0.2 mi |
B 2030 E 3rd 5 Sold | $440,000 | 1 | 1 | 824 | $534 | 0.0 mi |
C 345 Wisconsin 207 Sold | $428,500 | 1 | 1 | 715 | $599 | 0.3 mi |
D 2805 E 3rd 20 Sold | $325,000 | 1 | 1 | 731 | $445 | 0.4 mi |
E 3045 E Theresa 8 Sold | $280,000 | 1 | 1 | 566 | $495 | 0.7 mi |
F 363 Newport Avenue 319 Sold | $380,000 | 1 | 1 | 628 | $605 | 0.9 mi |
G 645 Temple 5 Sold | $495,000 | 2 | 2 | 770 | $643 | 0.6 mi |
H 444 Obispo Active | $419,900 List Price | 1 | 1 | 775 | $542 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the unit is clean and features well-maintained hardwood floors, the kitchen and bathroom are in original 1961 condition (>60 years old). The dated pink tile bathroom, original kitchen cabinetry, and older appliances require significant cosmetic updates and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just three blocks from the beach in the highly desirable Belmont Heights neighborhood, this property offers exceptional walkability and lifestyle appeal.
- Exceptionally Low HOA Fees
At only $145.94 per month, the association fees are remarkably low for the area, significantly enhancing the property's long-term affordability and investment value.
- Private Secure Parking
The inclusion of a private one-car detached garage with an opener is a premium and rare amenity in high-density beach communities where parking is often scarce.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 711, other record living area = 1063. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- Market Stagnation
With 67 days on the market and a recent price reduction from the original list price, the property is experiencing slower-than-average absorption.
- Vintage Building Profile
Built in 1961, the unit may require additional capital investment for modern interior upgrades to compete with newer or fully renovated condominiums in the same price bracket.
About 2060 E 3rd
Don't miss this cute 1 bedroom, 1 bath condo, 3 blocks from the beach. Beautiful hardwood floors. Private 1 car detached garage with opener. Fan lamps in dining room and bedroom. Low HOA fees. Balcony/Walkway work completed.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1961
- Lot Size
- 8,367 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $145.94 / Month
Neighborhood Insights
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 | 711 | 924.282 |
| Lot Size | 8,367 | 30,288.04 |
| Price | $399.0K | $521.1K |
| Price per sq ft | $561 | $569 |
| Built year | 1961 | 1976 |
| HOA | $145.94 | $460 |
| Days on market | 78 | 74 |
Pricing History
Listed for Sale
Aug 17, 2026
$399,000
$415,000
-4% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$415,000
Initial Listing
Sold
Jun 5, 2015
$310,000
Public Record