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207 E Broadway 402, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 2 bath

207 E Broadway 402, Long Beach, California 90802 home-pic-0
ACTIVE$699,000
207 E Broadway 402, Long Beach, California 90802
1Bed
2Baths
1,360Sqft
5,057Lot
Year Built
1925
Close
-
List price
$699K
Original List price
$799K
Price/Sqft
$514
HOA
$482.33
Days on market
-
Sold On
-
MLS number
24418983
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 4 Cons,5 Pros. Rank: price - $699.0K(75th), sqft - 1360(85th), beds - 1(50th), baths - 2(52th).

New-York-style loft living in the Historical Insurance Exchange Building in Long Beach. An eight-story Beaux Arts building constructed in 1925, it was added to the National Register of Historic Places in 2003 and is currently part of the Mills Act tax abatement program. The building is one of downtown's finest terra cotta clad structures, with rich polychrome ornamentation. It underwent an adaptive reuse to create loft residential units. Original brick and mortar walls, exposed ducts, high ceilings, concrete beams and lots of large windows for amazing views. Gourmet kitchen with stainless steel Viking appliances, large counter tops and recessed lighting. Inside laundry, AC & heating. Also, a custom personal walk-in closet, large bathroom with a dual vanity, separate 2-person shower and deep tub with jetted jacuzzi and in-unit washer/dryer.. Bonus large separate storage room just outside front door.. Situated in the heart of Downtown Long Beach Dining & Entertainment District. Just a short distance to the Marina, Ocean, The Pike, restaurants, Performing Arts Center, Convention Center, Arts District, Shoreline Village, Pier, Aquarium of the Pacific, grocery stores and public transportation. Parking terms and conditions apply. Unit 401 also available for sale. 401 and 402 take up the entire 4th floor.

Nearby schools

7/10
International Elementary School
Public,•K-5•0.4mi
6/10
Chavez Elementary School
Public,•K-5•0.5mi
7/10
Stevenson Elementary School
Public,•K-5•0.5mi
5/10
Edison Elementary School
Public,•K-5•0.6mi
7/10
Lincoln Elementary School
Public,•K-5•1.1mi
7/10
Roosevelt Elementary School
Public,•K-5•1.2mi
6/10
Franklin Classical Middle School
Public,•6-8•0.8mi
6/10
Washington Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.3mi
3/10
Cabrillo High School
Public,•9-12•2.2mi

Price History

Date
Event
Price
10/07/25
Sold
$685,000
07/09/10
Sold
$326,000
05/30/06
Sold
$670,000
Condition Rating
Good
This New York-style loft, located in a historic 1925 building, underwent an extensive 'adaptive reuse' renovation to create modern residential units. The kitchen features high-end stainless steel Viking appliances, contemporary cabinetry, and recessed lighting, all appearing in excellent condition. The bathroom is equally impressive with a modern dual vanity, mosaic tile backsplash, a spacious 2-person glass-enclosed shower, and a jetted tub. Hardwood floors are present throughout the main living areas, and the unit includes modern amenities like AC & heating and in-unit laundry. While the original building is old, the comprehensive renovation, likely completed within the last 10-20 years (based on the adaptive reuse and sales history), ensures the property is move-in ready with high-quality, well-maintained systems and finishes that meet current standards. The exposed brick and concrete elements are intentional design features of the loft aesthetic, not signs of disrepair.
Pros & Cons

Pros

Historic Significance & Tax Abatement: The property is located in the Historical Insurance Exchange Building, listed on the National Register of Historic Places, and benefits from the Mills Act tax abatement program, offering significant property tax savings.
Prime Downtown Location: Situated in the heart of Downtown Long Beach's Dining & Entertainment District, offering unparalleled walkability and short distances to the Marina, Ocean, The Pike, Arts District, and public transportation.
Unique Loft Architecture & Aesthetic: Features New-York-style loft living with original brick walls, exposed ducts, high ceilings, concrete beams, large windows, and Beaux Arts architectural details, providing a distinctive and desirable aesthetic.
High-End Interior Finishes & Amenities: Boasts a gourmet kitchen with stainless steel Viking appliances, a luxurious bathroom with dual vanity, 2-person shower, jetted tub, custom walk-in closet, in-unit laundry, and central AC & heating.
Spacious Layout & Additional Storage: Offers a generous 1360 sqft for a 1-bedroom unit, complemented by a bonus large separate storage room just outside the front door, enhancing living space and convenience.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-10-07. The sold price is $685,000.00.
Parking Limitations: The description states 'Parking terms and conditions apply,' indicating that parking may not be included, could incur additional costs, or be limited, which is a common challenge in downtown urban environments.
High Association Fees: The monthly association fee of $482.33 is a significant ongoing expense that buyers must factor into their budget, impacting overall affordability.
Single Bedroom Configuration: Despite its spacious 1360 sqft, the unit is configured as a 1-bedroom, which may limit its appeal to buyers requiring additional bedrooms for family, guests, or dedicated home office space.

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