455 E Ocean Blvd 515, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 1 bath
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Long Beach, California 90802
This studio at the historic Cooper Arms represents a High-Potential Investment Opportunity, listed at $255,000—positioned well below the $256,602 Fair Market Value by 0.6%. This valuation gap offers $1,602 in Instant Equity. With a Condition Rating of 4, the unit requires cosmetic updates, providing a clear path to forced appreciation. Featuring a top-floor solarium with panoramic ocean views, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers seeking a high-walkability, urban lifestyle in Downtown Long Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 455 E Ocean Blvd 515 Subject | $255,000* List Price | 0 | 1 | 369 | $695 | - |
A 360 W Ocean 1105 Sold | $305,000 | 0 | 1 | 347 | $879 | 0.5 mi |
B 10 Atlantic Sold | $292,000 | 0 | 1 | 370 | $789 | 0.1 mi |
C 1109 E 1st Sold | $271,000 | 0 | 1 | 380 | $713 | 0.5 mi |
D 128 Lime Avenue 14 Sold | $289,000 | 1 | 1 | 410 | $705 | 0.2 mi |
E 360 W Ocean 203 Pending | $299,900 List Price | 0 | 1 | 472 | $635 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this historic studio is sold 'as-is' and explicitly requires cosmetic updates. The kitchen features dated white appliances and cabinetry that appear to be over 20 years old, though the unit remains functional and move-in ready for a buyer willing to accept older finishes.
Located in the prestigious Cooper Arms, the property offers access to a grand salon and a top-floor solarium with panoramic views of the Pacific Ocean and the Los Angeles skyline.
Situated in the heart of Downtown Long Beach, the unit provides a high-walkability lifestyle just blocks from the beach, Pine Avenue dining, and the Metro line.
Priced competitively at $255,000, this studio offers a prime opportunity for buyers to build equity through personalized cosmetic updates and renovations.
At only 369 square feet, the studio layout is very compact, which may limit storage options and appeal for long-term primary residency.
The property lacks deeded on-site parking, requiring residents to secure and pay for third-party rental parking options in the surrounding area.
Welcome to this bright and charming 5th-floor studio at the prestigious, historic Cooper Arms, perfectly priced to allow for your personal cosmetic updates. Sold in its current as-is condition, Unit #515 offers a prime opportunity to customize a versatile, open-concept layout where the kitchen flows seamlessly into the main living space—ideal as a primary residence or a stylish coastal getaway. Located in the heart of Downtown Long Beach, this iconic building delivers an impressive array of amenities, including a magnificent main-level Grand Salon, a beautifully landscaped courtyard with a barbecue area, on-site management, secure package lockers, controlled access, basement laundry, and bike storage, with rental parking options available nearby. The ultimate highlight is the breathtaking top-floor Solarium, featuring a billiards table, Wi-Fi, and panoramic views stretching from the Pacific Ocean and the Long Beach skyline all the way to Downtown LA and the Hollywood sign. Perfectly positioned for a vibrant, car-free lifestyle, you are just blocks from the beach, Pine Avenue’s premier dining and nightlife, the Terrace Theatre, Rainbow Harbor, and the Metro line for an easy commute.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 369 | 926 |
| Lot Size | 19,950 | 30,781 |
| Price | $255.0K | $514.8K |
| Price per sq ft | $691 | $568 |
| Built year | 1923 | 1979 |
| HOA | $311.58 | $475 |
| Days on market | 21 | 76 |
Jul 1, 2026
$255,000
Initial Listing
Mar 18, 2003
$75,000
Public Record