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3042 E. 3rd St 5, Long Beach, California 90814, Long Beach, 90814 - 1 bed, 1 bath

3042 E. 3rd St 5, Long Beach, California 90814 home-pic-0
ACTIVE$395,000
3042 E. 3rd St 5, Long Beach, California 90814
1Bed
1Bath
648Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Walkability & Urban Coastal Living: The property is perfectly situated in one of Long Beach’s most walkable neighborhoods, offering immediate access to top-rated restaurants, shopping, and vibrant entertainment venues, ideal for an urban coastal lifestyle.
Top Cons:
Strict Owner-Occupancy Requirement: The HOA mandates that the unit must be owner-occupied, significantly limiting the potential buyer pool by excluding investors and those seeking rental income.

Compared to the nearby listings

Price:$395.0K vs avg $517.5K ($-122,500)13%
Size:648 sqft vs avg 849.5 sqft10%
Price/sqft:$610 vs avg $56787%

More Insights

Built in 1957 (68 years old).
Condition: The condo, built in 1957, is well-maintained with good hardwood floors and fresh paint throughout. However, the kitchen is significantly outdated, featuring original-style wood cabinets, tiled countertops, older white appliances (gas range), and dated linoleum flooring and fluorescent lighting. While functional, these elements require a full renovation to meet modern standards. Other light fixtures are also dated. The property is livable and maintained but requires substantial updates to the kitchen and likely the bathroom to modernize its style and features.
Year Built
1957
Close
-
List price
$395K
Original List price
$425K
Price/Sqft
$610
HOA
$541
Days on market
-
Sold On
-
MLS number
PW25135882
Home ConditionFair
Features
View-

About this home

Chic Mid-Century Condo in the Heart of Long Beach! Welcome to this adorable 1-bedroom condo with timeless mid-century vibes, perfectly situated in one of Long Beach’s most walkable neighborhoods. Bursting with character, this light-filled home features clean lines, warm hardwood floors, and stylish retro details that create an inviting and unique atmosphere. Enjoy a spacious open-concept living area, a kitchen with vintage flair, and a cozy bedroom with generous closet space. Large windows bring in natural light and capture the breezy coastal charm. Located just steps away from top-rated restaurants, shopping, and vibrant entertainment venues—this is urban coastal living at its finest. Whether you're a first-time buyer, down-sizer, or looking for a condo offers comfort, convenience, and undeniable style. Don’t miss your chance to own this Long Beach gem. The HOA Board states that the unit must be owner-occupied, and per the Association’s rules, only one dog under 30 pounds and/or up to two cats are permitted.

Condition Rating
Fair
The condo, built in 1957, is well-maintained with good hardwood floors and fresh paint throughout. However, the kitchen is significantly outdated, featuring original-style wood cabinets, tiled countertops, older white appliances (gas range), and dated linoleum flooring and fluorescent lighting. While functional, these elements require a full renovation to meet modern standards. Other light fixtures are also dated. The property is livable and maintained but requires substantial updates to the kitchen and likely the bathroom to modernize its style and features.
Pros & Cons

Pros

Exceptional Walkability & Urban Coastal Living: The property is perfectly situated in one of Long Beach’s most walkable neighborhoods, offering immediate access to top-rated restaurants, shopping, and vibrant entertainment venues, ideal for an urban coastal lifestyle.
Distinct Mid-Century Architectural Style: Boasting timeless mid-century vibes with clean lines, warm hardwood floors, and stylish retro details, the condo offers unique character and aesthetic appeal.
Open-Concept Living Area: The spacious open-concept living area provides a modern and inviting atmosphere, enhancing the sense of space and flow within the unit.
Abundant Natural Light: Large windows throughout the home ensure ample natural light, creating a bright and airy ambiance that captures the breezy coastal charm.
Recent Price Adjustment: The property has seen a recent price reduction from $425,000 to $395,000, indicating a more competitive offering and potential value for buyers.

Cons

Strict Owner-Occupancy Requirement: The HOA mandates that the unit must be owner-occupied, significantly limiting the potential buyer pool by excluding investors and those seeking rental income.
High HOA Fees Relative to Unit Size: The association fee of $541.00 for a 648 sqft 1-bedroom condo is notably high, which could impact affordability and long-term ownership costs for potential buyers.
Pet Restrictions: The HOA rules impose strict pet limitations, allowing only one dog under 30 pounds and/or up to two cats, which may deter many pet-owning prospective buyers.

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