2060 E 3rd, Long Beach, California 90814, Long Beach, 90814 - 1 bed, 1 bath
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Long Beach, California 90814
This property presents a Strong Value Opportunity with a List Price of $415,000—positioned well below the $384,864 Fair Market Value by 7%. While the unit requires modernization due to its Poor Condition Rating, the prime coastal location three blocks from the beach and a Private Detached Garage provide significant long-term utility. With low HOA fees and high rental demand in Belmont Heights, this asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers capable of executing a value-add renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2060 E 3rd Subject | $415,000* List Price | 1 | 1 | 711 | $541 | - |
A 2805 E 3rd 20 Sold | $325,000 | 1 | 1 | 731 | $445 | 0.4 mi |
B 363 Newport Avenue 319 Sold | $380,000 | 1 | 1 | 628 | $605 | 0.9 mi |
C 2135 E Florida Street 7 Active | $325,000 List Price | 1 | 1 | 569 | $571 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 63 years old and appears to be in mostly original 1961 condition. The kitchen features dated cabinetry and appliances, while the bathroom retains original pink tiling and fixtures. Based on the criteria for properties over 30 years old requiring a full rehab of kitchens, baths, and likely aging systems (wall heat only), it is classified as poor.
Situated in the highly desirable Belmont Heights neighborhood, this property is just three blocks from the beach, offering residents an enviable coastal lifestyle and high rental demand.
The inclusion of a private, detached one-car garage with an automatic opener is a significant asset in this area of Long Beach, where street parking is notoriously limited.
At approximately $146 per month, the HOA fee is exceptionally low for a Southern California condominium, significantly improving the property's monthly affordability and investment yield.
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.
With only 711 square feet and a single bedroom, the property's footprint is compact, which may limit its appeal to a smaller pool of buyers such as singles or couples.
Built in 1961, the unit may require updates to its electrical or plumbing systems to meet modern standards, and the interior aesthetic may need modernization to maximize its market value.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 711 | 926 |
| Lot Size | 8,367 | 30,781 |
| Price | $415.0K | $514.8K |
| Price per sq ft | $584 | $568 |
| Built year | 1961 | 1979 |
| HOA | $145.94 | $475 |
| Days on market | 29 | 76 |
Jun 23, 2026
$415,000
Initial Listing
Jun 5, 2015
$310,000
Public Record