455 E Ocean Boulevard 502, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
455 E Ocean Boulevard 502
Long Beach, California 90802
Property Price
SUMMARY
Analysis of 455 E Ocean Boulevard 502, Long Beach, California 90802 is currently available with a list price of $484,950. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Despite the building's 1923 construction, the unit has undergone significant modern renovations. The kitchen features upgraded stone countertops, a designer backsplash, and modern stainless steel appliances. The bathroom is remodeled with subway tile and mosaic flooring, appearing clean and functional. Newer dual-pane windows and well-maintained wood parquet flooring contribute to a move-in ready condition. The exposed brick and concrete elements are stylistic choices, not signs of disrepair, aligning with a modern industrial aesthetic. While not 'virtually new' to warrant an 'Excellent' score, the extensive updates place it firmly in the 'Good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location & Panoramic Views
Prime downtown Long Beach location within walking distance to the shoreline, shopping, dining, and entertainment, complemented by breathtaking panoramic city and bay views from a private balcony.
- Historic Character with Modern Upgrades
A unique blend of historic charm from the Cooper Arms Building (built 1923) featuring exposed wood-beam ceilings and brick walls, combined with a modern open-concept layout, upgraded kitchen, and remodeled bathroom.
- Spacious Corner Unit with Abundant Light
As a fantastic corner unit on the 5th floor, it offers a spacious layout (1029 sqft for 1 bed/1 bath) and benefits from oversized newer dual-pane windows providing ample natural light.
CONSRISKS & DEFICIENCIES
- History of Significant Price Reductions
The property has undergone multiple substantial price reductions from its original list price of $610,000 to $485,000, which may signal market resistance or initial overpricing.
- Lack of In-Unit Laundry
Laundry facilities are communal, located in the basement, which can be an inconvenience for residents preferring the privacy and ease of in-unit washing.
- High Monthly Association Fee
The association fee of $571.0 per month is relatively high for a one-bedroom unit, potentially impacting overall affordability and monthly housing costs for prospective buyers.
About 455 E Ocean Boulevard 502
** BEST DEAL IN THE BUILDING ! ** Fantastic Corner Unit in The Historic Cooper Arms Building on Ocean Boulevard in the Heart of Downtown Long Beach! Featuring an open modern-concept layout w/ breathtaking panoramic views of the city to the bay, this spacious 5th floor unit has oversized newer dual-pane windows w/ lots of natural light & wood parquet flooring throughout. Living room w/ ceiling fan & built-ins. Adjacent dining area w/ chandelier. Balcony w/ fantastic panoramic views - the perfect place for a morning coffee or afternoon cocktail! Upgraded kitchen w/ stone countertops, designer backsplash, & dine-in bar. Exposed wood-beam ceilings & brick walls throughout. Spacious bedroom w/ remodeled bathroom. 2 large cedar-lined walk-in closets w/ abundant storage. Building amenities include controlled access, on-site management, secure package lockers, bike storage, community laundry in the basement, courtyard w/ BBQ & picnic area, main level Grand Salon & top floor solarium. Walking distance to the shoreline & the best shopping, dining, & entertainment the area has to offer. A unique opportunity to own a piece of history in one of the best locations in the city!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1923
- Lot Size
- 19,950 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $571.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Chavez Elementary School
Grades K-5 • 0.3 mi
Stevenson Elementary School
Grades K-5 • 0.5 mi
International Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,029 | 865 | 74% |
| Lot Size | 19,950 | 21,465 | 43% |
| Price | $484.9K | $484.9K | 50% |
| Price per sq ft | $471 | $573 | 14% |
| Built year | 1923 | 1965 | 9% |
| HOA | $571.0 | $430 | 68% |
| Days on market | 255 | 185 | 81% |
Pricing History
Listed for Sale
Feb 28, 2026
$484,950
$485,000
+0% Price Increase
Initial Listing
Price Change
Jan 17, 2026
$485,000
$498,900
-3% Price Drop
Initial Listing
Price Change
Dec 6, 2025
$498,900
$498,950
+0% Price Increase
Initial Listing
Price Change
Oct 25, 2025
$498,950
$499,000
+0% Price Increase
Initial Listing
Price Change
Sep 27, 2025
$499,000
$529,000
-6% Price Drop
Initial Listing
Price Change
Sep 5, 2025
$529,000
$549,000
-4% Price Drop
Initial Listing
Price Change
Aug 14, 2025
$549,000
Initial Listing
Price Change
Jun 24, 2025
$610,000
Initial Listing
Sold
Jul 29, 2022
$575,000
Public Record
Sold
Dec 30, 2003
$280,000
Public Record
Sold
Mar 26, 2002
$84,000
Public Record