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388 E Ocean Blvd P5, Long Beach, California 90802, Long Beach, 90802 - 3 bed, 4 bath

388 E Ocean Blvd P5, Long Beach, California 90802 home-pic-0
ACTIVE$1,360,000
388 E Ocean Blvd P5, Long Beach, California 90802
3Beds
4Baths
2,330Sqft
120,506Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Penthouse Views & Exclusivity: Located on the 18th/19th floor penthouse level, this unit offers sweeping panoramic views of downtown Long Beach, the San Gabriel Mountains, and is perched high above the Pacific Ocean, providing a luxurious and exclusive living experience.
Top Cons:
High Monthly HOA Dues: The association fee of $582.90 per month, while inclusive of many amenities, represents a significant recurring cost that buyers must factor into their budget, potentially impacting affordability.

Compared to the nearby listings

Price:$1.36M vs avg $485.0K (+$875,000)96%
Size:2,330 sqft vs avg 898 sqft97%
Price/sqft:$584 vs avg $58550%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this penthouse condominium presents as virtually new due to its exceptional condition and high-end, modern updates. The 'chef’s kitchen' features top-of-the-line Viking appliances, a coffee bar, and a wine refrigerator, all appearing pristine and contemporary. All three en-suite bathrooms showcase modern vanities, sleek tiling, and updated fixtures, reflecting current quality standards. The overall 'turnkey' nature, high ceilings, modern flooring, and lack of visible wear and tear throughout the property indicate minimal physical depreciation and no deferred maintenance, suggesting extensive recent renovations to key areas.
Year Built
2004
Close
-
List price
$1.36M
Original List price
$1.4M
Price/Sqft
$584
HOA
$582.9
Days on market
-
Sold On
-
MLS number
PW25010250
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Neighborhood, Panoramic
Deck
ViewCity Lights,Mountain(s),Neighborhood,Panoramic

About this home

***MASSIVE PRICE IMPROVEMENT!!*** Come and experience luxury living at the 18th/19th floor penthouse level of Long Beach in the prestigious and iconic art deco inspired Aqua Towers, perched high above the Pacific Ocean. This dramatic light filled turnkey 2-story condominium offers sweeping views of beautiful downtown Long Beach all the way to the San Gabriel Mountains. The residence features soaring ceilings, a chef’s kitchen with Viking appliances, coffee bar, wine refrigerator, and private balcony, 3 primary bedrooms with en suites and large walk-in closets (4 in total). Both of the sizable living/flex rooms showcase expansive windows that invite in endless light. There are 2 additional balconies off of the 1st-floor living area and first-floor primary suite. Additionally, there is a full-sized in-unit laundry room and a considerable amount of storage throughout. Included with the unit, there are two deeded parking spots, one of which is a traditional garage with motorized door and remote within the larger garage. Aqua Towers is minutes away from the 710 freeway and close to shops, restaurants, wine bars, coffee houses, museums and everything Downtown Long Beach has to offer. HOA dues include Water, basic Internet, 24/7 Security, Concierge, Pool, Spa, Fitness Center w/Sauna Room, Club Room & two business centers. Be in the heart of it all for Long Beach Grand Prix, The Long Beach Marathon, Cali Vibes, The Queen Mary Amphitheater, The Long Beach Jazz Festival, 2026 FIFA and the 2028 Olympics, plus so much more.

Nearby schools

6/10
Chavez Elementary School
Public,•K-5•0.4mi
7/10
Stevenson Elementary School
Public,•K-5•0.5mi
7/10
International Elementary School
Public,•K-5•0.7mi
5/10
Edison Elementary School
Public,•K-5•0.9mi
7/10
Lincoln Elementary School
Public,•K-5•1.2mi
7/10
Roosevelt Elementary School
Public,•K-5•1.4mi
6/10
Franklin Classical Middle School
Public,•6-8•0.7mi
6/10
Washington Middle School
Public,•6-8•1.4mi
6/10
Polytechnic High School
Public,•9-12•1.5mi
3/10
Cabrillo High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
06/12/20
Sold
$945,000
Condition Rating
Excellent
Built in 2004, this penthouse condominium presents as virtually new due to its exceptional condition and high-end, modern updates. The 'chef’s kitchen' features top-of-the-line Viking appliances, a coffee bar, and a wine refrigerator, all appearing pristine and contemporary. All three en-suite bathrooms showcase modern vanities, sleek tiling, and updated fixtures, reflecting current quality standards. The overall 'turnkey' nature, high ceilings, modern flooring, and lack of visible wear and tear throughout the property indicate minimal physical depreciation and no deferred maintenance, suggesting extensive recent renovations to key areas.
Pros & Cons

Pros

Penthouse Views & Exclusivity: Located on the 18th/19th floor penthouse level, this unit offers sweeping panoramic views of downtown Long Beach, the San Gabriel Mountains, and is perched high above the Pacific Ocean, providing a luxurious and exclusive living experience.
Extensive Building Amenities: Aqua Towers provides a comprehensive suite of luxury amenities including 24/7 security, concierge, pool, spa, fitness center with sauna, club room, and business centers, all included in the HOA, enhancing lifestyle and convenience.
High-End Interior Features: This turnkey 2-story condominium boasts soaring ceilings, a chef's kitchen equipped with Viking appliances, coffee bar, wine refrigerator, three primary bedrooms with en suites, and ample in-unit storage and a full-sized laundry room.
Prime Downtown Location: Situated in the heart of Downtown Long Beach, the property offers immediate access to shops, restaurants, cultural attractions, major events (Grand Prix, Olympics), and convenient freeway access, fostering a vibrant urban lifestyle.
Valuable Parking & Outdoor Spaces: The unit includes two deeded parking spots, one of which is a private garage with a motorized door, a significant advantage in an urban setting, complemented by three private balconies for outdoor enjoyment.

Cons

High Monthly HOA Dues: The association fee of $582.90 per month, while inclusive of many amenities, represents a significant recurring cost that buyers must factor into their budget, potentially impacting affordability.
Recent Price Reduction & Perceived Value: The 'MASSIVE PRICE IMPROVEMENT' from an original list price of $1.4M to $1.36M, coupled with a 2020 sale price of $945,000, may suggest previous overpricing or a challenging market perception of its current value.
Mixed Public School Ratings: While some elementary schools in the vicinity are well-rated, the assigned high school (Cabrillo High School) has a lower rating (3), which could be a concern for families prioritizing top-tier public education.

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