401 W 5th Street 3b, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
ACTIVE$485,000
401 W 5th Street 3b, Long Beach, California 90802
2Beds
2Baths
956Sqft
7,887Lot
Year Built
1964
Close
-
List price
$485K
Original List price
$485K
Price/Sqft
$507
HOA
$352.5
Days on market
-
Sold On
-
MLS number
PW25276830
Home ConditionExcellent
Features
Good View: City Lights
Deck
ViewCity Lights
About this home
We found 4 Cons,5 Pros. Rank: price - $485.0K(50th), sqft - 956(58th), beds - 2(50th), baths - 2(52th).
LOCATION! $20,000 GRANT AVAILABLE! Remodeled Downtown Long Beach condo with 2 BEDROOMS and 2 BATHROOMS. LAUNDRY HOOKUPS, NEW FLOORS, NEW KITCHEN, NEW BATHROOMS, NEW AC/HEAT UNITS, NEW PAINT; move right in! 3rd floor END/CORNER UNIT with big balcony. Building ELEVATOR for easy access. Walk to Pine Ave, The Pike, The Aquarium, metro rail, WALK TO THE WATER & more! Great FREEWAY ACCESS. Seller will consider PARKING options for any buyer! CALL FOR $20K GRANT DETAILS. **Some photos are virtually staged**
Nearby schools
5/10
Edison Elementary School
Public,•K-5•0.2mi
7/10
International Elementary School
Public,•K-5•0.4mi
7/10
Stevenson Elementary School
Public,•K-5•0.7mi
6/10
Chavez Elementary School
Public,•K-5•0.8mi
7/10
Roosevelt Elementary School
Public,•K-5•1.1mi
7/10
Lincoln Elementary School
Public,•K-5•1.3mi
6/10
Washington Middle School
Public,•6-8•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.2mi
3/10
Cabrillo High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
12/17/25
Listing
$485,000
01/07/25
Sold
$375,000
06/14/22
Sold
$450,000
09/24/20
Sold
$360,000
03/19/15
Sold
$208,000
Condition Rating
Excellent
Despite the building's 1964 construction, the unit has undergone a comprehensive and recent renovation, as explicitly stated in the description ('NEW FLOORS, NEW KITCHEN, NEW BATHROOMS, NEW AC/HEAT UNITS, NEW PAINT'). The images confirm a modern aesthetic with new, sleek kitchen cabinets, white countertops, stainless steel appliances, and contemporary light fixtures. Bathrooms feature new vanities, modern faucets, and subway-tiled showers with glass doors. New wood-look laminate flooring is consistent throughout, and mini-split AC/heat units provide modern climate control. All components appear virtually new and meet current quality standards, making it move-in ready with no deferred maintenance.
Pros & Cons
Pros
Prime Downtown Location: The property boasts an excellent downtown Long Beach location with high walkability to major attractions like Pine Ave, The Pike, The Aquarium, waterfront, and metro rail, plus great freeway access.
Extensive Modern Remodel: The condo has undergone a comprehensive renovation, featuring new floors, kitchen, bathrooms, AC/heat units, and paint, making it completely move-in ready for a new owner.
Significant Buyer Grant: A notable $20,000 grant is available, providing a substantial financial incentive that can significantly reduce the buyer's initial investment.
Desirable Unit Configuration & Features: As a 2-bedroom, 2-bathroom end/corner unit, it offers enhanced light and privacy, along with the convenience of in-unit laundry hookups and a large private balcony.
Building Accessibility & Parking Flexibility: The building includes an elevator for easy access, and the seller's willingness to consider parking options helps address a common challenge in urban condo living.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-01-07. The sold price is $375,000.00.
Building Age: Built in 1964, the building's age may imply potential for older common area infrastructure or higher HOA fees for future capital improvements, despite the unit's interior remodel.
Uncertain Parking Solution: While the seller will 'consider parking options,' this suggests that a dedicated parking space is not explicitly included or guaranteed, which could lead to additional costs or inconvenience in a dense downtown area.
Virtually Staged Imagery: The disclosure that some photos are virtually staged means the actual appearance, furnishings, and perceived spaciousness of the rooms may differ from the online presentation, requiring buyers to visualize the true space.