388 E Ocean Boulevard 1406, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
ACTIVE$469,000$680/sqft
388 E Ocean Boulevard 1406, Long Beach, California 90802
1Bed
1Bath
680Sqft
120,506Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Panoramic Views: The property offers stunning panoramic city lights and ocean views from its high-rise position, a premium feature enhancing desirability and value.
Top Cons:
Significant Monthly Association Fee: The $541.32 monthly association fee is relatively high for a 1-bedroom unit, adding a substantial recurring cost to ownership.
Compared to the nearby listings
Price:$469.0K vs avg $480.0K ($-11,000)47%
Size:680 sqft vs avg 865 sqft30%
Price/sqft:$690 vs avg $58179%
More Insights
Built in 2004 (22 years old).
Condition: Built in 2004, this condominium is 20 years old, fitting the 'Good' category's age criteria. The images show a well-maintained unit with hardwood flooring in the living areas and a kitchen that, while not ultra-modern, features stainless steel appliances and appears functional and clean. The overall aesthetic is contemporary for its age, and the common areas are also well-kept, indicating a property that is move-in ready with no immediate renovations required.
Year Built
2004
Close
-
List price
$469K
Original List price
$469K
Price/Sqft
$690
HOA
$541.32
Days on market
-
Sold On
-
MLS number
26639573
Home ConditionGood
Features
Excellent View: City Lights, Panoramic
Pool
Spa
Patio
ViewCity Lights,Panoramic
About this home
M
Michael Joseph Valerio
Listing Agent
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
08/23/19
Sold
$395,000
11/12/09
Sold
$261,000
Condition Rating
Good
Built in 2004, this condominium is 20 years old, fitting the 'Good' category's age criteria. The images show a well-maintained unit with hardwood flooring in the living areas and a kitchen that, while not ultra-modern, features stainless steel appliances and appears functional and clean. The overall aesthetic is contemporary for its age, and the common areas are also well-kept, indicating a property that is move-in ready with no immediate renovations required.
Pros & Cons
Pros
Exceptional Panoramic Views: The property offers stunning panoramic city lights and ocean views from its high-rise position, a premium feature enhancing desirability and value.
Prime Downtown Long Beach Location: Situated in the highly sought-after Downtown Area/Alamitos Beach, providing excellent walkability to urban amenities, dining, entertainment, and the waterfront.
Modern Building Construction: Built in 2004, the condominium building is relatively new, suggesting contemporary design, infrastructure, and potentially lower immediate maintenance concerns.
Positive Investment Trajectory: The property has demonstrated a strong history of value appreciation, indicating potential for continued growth as a sound investment.
High-Rise Condo Lifestyle: Offers the convenience, security, and potential for shared amenities typical of a modern condominium in a vibrant urban setting.
Cons
Significant Monthly Association Fee: The $541.32 monthly association fee is relatively high for a 1-bedroom unit, adding a substantial recurring cost to ownership.
Compact Living Space: At 680 sqft, the unit offers a smaller footprint, which may limit appeal for buyers seeking more expansive living areas or those with larger household needs.
Limited Market Appeal (1 Bed/1 Bath): The 1 bedroom, 1 bathroom configuration targets a specific demographic, potentially narrowing the pool of interested buyers compared to units with more bedrooms.