401 W 5th Street 3b, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
401 W 5th Street 3b
Long Beach, California 90802
Property Price
SUMMARY
Analysis of 401 W 5th Street 3b, Long Beach, California 90802 is currently available with a list price of $444,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although the building was constructed in 1964, the unit has undergone an extensive recent renovation within the last 5 years. It features a completely new modern kitchen with high-gloss cabinetry and high-end fixtures (including a waterfall sink), new flooring throughout, updated bathrooms, fresh paint, and new mini-split AC/heating units. The property is in turnkey condition with all components meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The unit has been extensively remodeled with new flooring, a modern kitchen, updated bathrooms, and fresh paint, allowing for an immediate move-in without additional renovation costs.
- Prime Downtown Location
Boasting a high walkability score, the property is steps away from Pine Avenue, The Pike, the Aquarium, and the Metro rail, offering an ideal urban lifestyle.
- Desirable Unit Position
As a third-floor end/corner unit, this condo provides enhanced privacy, better natural light, and a larger balcony compared to standard interior units.
CONSRISKS & DEFICIENCIES
- Parking Ambiguity
The listing offers 'parking options' rather than deeded or assigned on-site parking, which can be a major inconvenience and recurring expense in Downtown Long Beach.
- Building Age
Built in 1964, the building's infrastructure and common areas may not offer the same modern amenities or aesthetic appeal as newer residential developments in the area.
- School District Ratings
The assigned high school has a low performance rating (3/10), which may limit the property's appeal to families and impact future resale potential.
About 401 W 5th Street 3b
LOCATION! 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 provide PARKING options for any buyer! **Some photos are virtually staged**
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 7,887 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $352.5 / Month
Neighborhood Insights
Long Beach Unified Schools
Edison Elementary School
Grades K-5 • 0.2 mi
International Elementary School
Grades K-5 • 0.4 mi
Stevenson Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 54% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 956 | 865 | 63% |
| Lot Size | 7,887 | 21,282.5 | 25% |
| Price | $444.0K | $480.0K | 44% |
| Price per sq ft | $464 | $575 | 12% |
| Built year | 1964 | 1965 | 48% |
| HOA | $352.5 | $429 | 35% |
| Days on market | 79 | 184 | 12% |
Pricing History
Listed for Sale
Mar 5, 2026
$444,000
$449,000
-1% Price Drop
Initial Listing
Price Change
Feb 12, 2026
$449,000
$470,000
-4% Price Drop
Initial Listing
Price Change
Jan 9, 2026
$470,000
$485,000
-3% Price Drop
Initial Listing
Price Change
Dec 17, 2025
$485,000
Initial Listing
Sold
Jan 7, 2025
$375,000
Public Record
Sold
Jun 14, 2022
$450,000
Public Record
Sold
Sep 24, 2020
$360,000
Public Record
Sold
Mar 19, 2015
$208,000
Public Record