388 E Ocean Boulevard 501, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
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Long Beach, California 90802
This Luxury High-Rise Condominium is a Strong Value Opportunity, listed at $629,000—positioned well below the $662,494 Fair Market Value by 5%. This valuation gap offers $33,494 in Instant Equity for the buyer. Featuring a Condition Rating of 2 with recent high-quality renovations, this unit offers a turnkey lifestyle with a private garage and stunning marina views. It is an ideal acquisition for Owner-Occupants seeking luxury downtown living or first-time buyers prioritizing modern amenities and convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 388 E Ocean Boulevard 501 Subject | $629,000* List Price | 2 | 2 | 960 | $690 | - |
A 488 E Ocean 614 Sold | $660,000 | 2 | 2 | 1,020 | $647 | 0.0 mi |
B 488 E Ocean Boulevard 1208 Sold | $678,000 | 2 | 2 | 990 | $685 | 0.0 mi |
C 388 E Ocean Boulevard 1406 Sold | $462,000 | 1 | 1 | 680 | $679 | 0.0 mi |
D 955 E 3rd Street Sold | $515,000 | 2 | 2 | 1,002 | $514 | 0.5 mi |
E 939 E Appleton E 26 Sold | $500,000 | 2 | 2 | 919 | $544 | 0.5 mi |
F 388 E Ocean Boulevard 1112 Sold | $465,000 | 1 | 1 | 680 | $684 | 0.0 mi |
G 525 E Seaside 1104 Sold | $700,000 | 2 | 2 | 1,030 | $680 | 0.1 mi |
H 525 E Seaside Sold | $805,000 | 2 | 2 | 1,030 | $782 | 0.1 mi |
I 488 E Ocean 708 Active | $749,999 List Price | 2 | 2 | 990 | $758 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2004, the unit has undergone a recent high-quality renovation featuring new cabinets, new flooring, and fresh paint. The kitchen and bathrooms are in mint condition with modern finishes, and the inclusion of a central HVAC system and updated appliances meets the criteria for a property with a recent renovation under 5 years old.
The property includes a rare private garage plus an additional parking space, providing a significant competitive advantage and convenience in a high-density downtown environment.
The unit features fresh paint, new flooring, and new cabinetry, offering a modern, move-in-ready experience that minimizes immediate post-purchase renovation costs.
Residents benefit from 24/7 concierge service and resort-style facilities, with high-value services like internet, water, and trash conveniently included in the HOA dues.
The monthly association fee of $604.29 represents a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
The property is zoned for a high school with a low rating of 3, which could limit appeal for families prioritizing secondary education and affect long-term resale value.
Move to the Aqua and enjoy luxury high-rise living. This super clean condo has fresh paint, new floors and new cabinets. You can move right in. The highly desired glass balcony brings light, improves the view and increases the feeling of extra outside living space connecting the living room and both bedrooms. The glass panel sliding door on balcony lets in the extra light and peaceful of the tree tops and the performing arts center views. This well designed unit separates the bedrooms offering privacy and functional living space. The kitchen opens up into the living room making it just right for gathering with friends. Both bedrooms have walk-in closets and come with ample storage. Every modern convenience you would expect in a luxury condominium, including central air conditioning system, full size washer and dryer inside of unit for your daily convenience. This fabulous condo comes with rare PRIVATE GARAGE and one extra parking space. The building offers 27/7 concierge, on-site manager, internet service , water, trash and sewer services included in HOA dues, fitness center, pool, sauna and a community room for gatherings, BBQ area, and business center. Best location in the vibrant Downtown Long Beach, close to gourmet restaurants, trendy shops, museums, beaches, Shoreline, The Pike, Convention Center, Aquarium and so much more.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 960 | 926 |
| Lot Size | 120,506 | 30,781 |
| Price | $629.0K | $514.8K |
| Price per sq ft | $655 | $568 |
| Built year | 2004 | 1979 |
| HOA | $604.29 | $475 |
| Days on market | 34 | 76 |
Jun 18, 2026
$629,000
Initial Listing
Oct 29, 2010
$351,000
Public Record
Apr 26, 2006
$518,000
Public Record