
Long Beach, California 90802
This Turnkey Top-Floor Condo is a High-Potential Investment Opportunity, listed at $285,000—positioned well below the $299,000 Fair Market Value by 4%. This valuation gap offers $14,000 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the residence features a renovated interior with stainless steel appliances, laminate flooring, and a private patio. Located in vibrant Downtown Long Beach near International Elementary, it offers a coastal urban lifestyle with lender credits available. This is an ideal acquisition for first-time buyers or urban professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 335 Cedar Avenue Subject | $285,000* List Price | 1 | 1 | 585 | $511 | - |
A 250 Linden Avenue 25 Sold | $310,000 | 1 | 1 | 597 | $519 | 0.5 mi |
B 350 Cedar Avenue 503 Sold | $339,000 | 1 | 1 | 667 | $508 | 0.0 mi |
C 527 Cedar Avenue Sold | $333,000 | 1 | 1 | 597 | $558 | 0.2 mi |
D 325 W 3rd Street 201 Sold | $299,999 | 1 | 1 | 493 | $609 | 0.0 mi |
E 140 Linden Avenue 455 Sold | $355,000 | 1 | 1 | 621 | $572 | 0.6 mi |
F 50 Elm Avenue 4 Sold | $350,000 | 1 | 1 | 713 | $491 | 0.5 mi |
G 225 W 6th 405 Active | $335,000 List Price | 1 | 1 | 554 | $605 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was constructed in 1965, the unit features a renovated interior that is move-in ready. The kitchen includes stainless steel appliances and updated cabinetry, and the bathroom has been modernized with a newer vanity and surround. The presence of laminate flooring and fresh paint suggests a renovation within the 5-15 year range, meeting the 'Good' criteria for functional, well-maintained spaces.
Situated in the heart of Downtown Long Beach, this property offers exceptional walkability to local shops, cafes, and entertainment, providing a vibrant coastal urban lifestyle.
As a top-floor unit in a secure building with elevator access, the residence benefits from increased privacy, no overhead neighbors, and an abundance of natural light.
The combination of a recent price reduction and available lender credits to buy down the interest rate makes this turnkey condo a highly accessible entry point for first-time buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 585, other record living area = 524.
The monthly HOA fee of $575.80 is relatively high compared to the listing price, which may impact the overall monthly affordability and debt-to-income ratios for some buyers.
With only 585 square feet of living area, the unit's small footprint may be a limitation for those requiring extra storage or a more spacious layout.
Welcome to 335 Cedar Ave — a charming top-floor 1-bedroom, 1-bathroom condo located in the heart of Downtown Long Beach. Situated in a secure building with elevator access, this turnkey residence offers both convenience and accessibility in one of the city’s most vibrant neighborhoods. The unit features a bright and inviting living space with plenty of natural light, creating a warm and comfortable atmosphere that’s ready for you to move right in. As a top-floor unit, you’ll enjoy added privacy and a quiet living environment. This home places you just moments from local shops, cafes, restaurants, and entertainment. Whether you’re grabbing coffee around the corner, dining out, or exploring everything the neighborhood has to offer, you’ll love the convenience of city living with a coastal vibe. LENDER CREDIT AVAILABLE TO BUY DOWN RATE, CALL FOR MORE INFORMATION.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 585 | 880 | 11% |
| Lot Size | 14,978 | 22,651.199 | 32% |
| Price | $285.0K | $489.0K | 5% |
| Price per sq ft | $487 | $579 | 15% |
| Built year | 1965 | 1973 | 46% |
| HOA | $575.8 | $475 | 63% |
| Days on market | 42 | 184 | 1% |
Mar 31, 2026
$285,000
$299,000
-5% Price Drop
Initial Listing
Mar 11, 2026
$299,000
Initial Listing
May 12, 2022
$269,000
Public Record
Aug 6, 2021
$250,000
Public Record
Feb 26, 2016
$162,000
Public Record
Dec 17, 2010
$51,500
Public Record
Feb 10, 2000
$38,000
Public Record