325 W 3rd Street 502, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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Long Beach, California 90802
This Charming Penthouse Condominium represents a Prime Investment Opportunity, listed at $339,000—positioned well below the $346,895 Fair Market Value by 2%. This valuation gap provides $7,895 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers historic character with modern electrical upgrades and stunning City Lights and Pier views. Ideally situated for an urban lifestyle, this property is a perfect fit for Buy-and-Hold Investors or first-time buyers seeking a walkable, high-character residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 W 3rd Street 502 Subject | $339,000* List Price | 1 | 1 | 620 | $560 | - |
A 640 W 4th 101 Sold | $300,000 | 1 | 1 | 644 | $466 | 0.3 mi |
B 140 Linden 354 Sold | $380,000 | 1 | 1 | 628 | $605 | 0.6 mi |
C 140 Linden Avenue 455 Sold | $355,000 | 1 | 1 | 621 | $572 | 0.6 mi |
D 250 Linden Avenue 25 Sold | $310,000 | 1 | 1 | 597 | $519 | 0.6 mi |
E 730 W 4th Street 107 Sold | $351,000 | 1 | 2 | 588 | $597 | 0.3 mi |
F 140 Linden Ave 358 Sold | $420,000 | 1 | 1 | 615 | $683 | 0.6 mi |
G 102 Lime Avenue 6 Sold | $337,000 | 1 | 1 | 684 | $493 | 0.7 mi |
H 388 E Ocean 709 Sold | $415,000 | 1 | 1 | 590 | $703 | 0.6 mi |
I 315 W 3rd Street 410 Active | $295,000 List Price | 1 | 1 | 453 | $651 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1924, the unit is well-maintained and move-in ready. The kitchen features updated stainless steel appliances and cabinetry, and the interior boasts solid hardwood floors and modern built-ins. Recent HOA-funded electrical upgrades further support the property's functional condition.
This top-floor corner penthouse in the iconic 1924 Californian building features stunning exposed brick, original hardwood floors, and vintage-inspired details that offer unique aesthetic appeal.
Situated in the heart of Downtown Long Beach, the property boasts high walkability to the harbor, local shops, and the beach, catering perfectly to an active urban lifestyle.
The HOA has proactively funded electrical upgrades to support ductless AC/heat installation, providing a significant modern comfort advantage rarely found in historic vintage buildings.
The property lacks deeded on-site parking, requiring residents to rent spaces in a neighboring lot subject to availability, which may be a deterrent for vehicle owners.
The monthly association fee of $590 is relatively high for a 620-square-foot unit, which could impact the overall affordability and debt-to-income ratio for prospective buyers.
Charming, top-floor corner penthouse in the iconic Californian, offering western views of the city skyline. This rare one-bedroom gem is full of character, featuring stunning exposed brick throughout, solid hardwood floors, and an abundance of natural light from multiple windows. The layout offers a formal dining room with custom wooden built-ins perfect for extra storage or a coffee bar, while the adorable kitchen is accented with vintage-inspired tile. The bedroom provides a large closet alongside a classic tiled bath with a soaking tub.The building is pet-friendly and features an elevator, on-site laundry, and a rooftop club room. For added comfort and convenience, the HOA has recently paid for and is completing electrical upgrades to allow owners the option to install their own ductless AC/heat units. Reserved parking is available for rent in the lot directly next door, based on availability. Ideally situated in a highly walkable location near shops and the harbor, and just a short stroll or bike ride to the beach and ocean.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 620 | 926 |
| Lot Size | 7,477 | 30,781 |
| Price | $339.0K | $514.8K |
| Price per sq ft | $547 | $568 |
| Built year | 1924 | 1979 |
| HOA | $590.0 | $475 |
| Days on market | 23 | 76 |
Jun 29, 2026
$339,000
Initial Listing
Jun 4, 2020
$305,000
Public Record