488 E Ocean 418, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
488 E Ocean 418
Long Beach, California 90802
Property Price
SUMMARY
Analysis of 488 E Ocean 418, Long Beach, California 90802 is currently available with a list price of $645,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 2004, this condo is 20 years old. While the building offers luxury amenities, the unit itself shows its age. The kitchen features granite countertops and stainless steel appliances, but the white flat-panel cabinets and black tile flooring appear dated. Bathrooms have functional but older fixtures and tile work. Carpets throughout the living areas and bedrooms show noticeable wear and would likely require replacement or deep cleaning. Light fixtures are basic or dated. The property is functional but requires minor updates to refresh its aesthetic and address wear and tear, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Luxury Building Amenities
The Aqua Towers offer an impressive array of luxury amenities including a 24-hour concierge, fitness center, pool, spa, dry sauna, community clubhouse, conference rooms, and guest parking, enhancing the resident experience.
- Prime Location & Views
Situated in the highly sought-after Aqua Towers on Ocean Blvd in Alamitos Beach, the unit boasts desirable south-facing views of the Harbor, providing an attractive coastal living environment.
- Modern Unit Features & Layout
This rare corner unit features 10-foot ceilings, a dual master suite floor plan with walk-in closets, central AC & Heat, granite countertops, in-unit washer & dryer, and balcony access from both the living room and master bedroom, offering great natural lighting.
CONSRISKS & DEFICIENCIES
- High Association Fee
The monthly association fee of $795 is substantial and can significantly impact the overall cost of ownership, potentially deterring some buyers.
- Compact Living Space
With 960 square feet for a 2-bedroom, 2-bathroom unit, the living space is on the smaller side, which might feel constrained for some occupants, despite the high ceilings.
- Qualified View
While offering a 'Harbor' view, the description also includes 'Peek-A-Boo,' suggesting the view may be partial or somewhat obstructed rather than a full, expansive vista.
About 488 E Ocean 418
Luxury 2 bed 2 bath Condo with 10 foot ceilings in the highly sought after Aqua Towers on Ocean Blvd! Rare corner unit with dual master suit floor plan, walk in closets, balcony access from living room and master bedroom, great natural lighting with south-facing views of the Harbor. Washer & Dryer in unit, central AC & Heat, granite countertops. This luxury building offers 24 hour concierge, fitness center, pool, spa, dry sauna, community clubhouse, conference rooms and guest parking. Two parking spaces included.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2004
- Lot Size
- 120,506 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $795.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Chavez Elementary School
Grades K-5 • 0.4 mi
Stevenson Elementary School
Grades K-5 • 0.5 mi
International 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 | 960 | 865 | 65% |
| Lot Size | 120,506 | 21,979 | 96% |
| Price | $645.0K | $482.5K | 74% |
| Price per sq ft | $672 | $581 | 75% |
| Built year | 2004 | 1965 | 85% |
| HOA | $795.0 | $430 | 79% |
| Days on market | 37 | 184 | 2% |
Pricing History
Listed for Sale
Jan 28, 2026
$645,000
Initial Listing
Sold
Feb 11, 2021
$505,000
Public Record
Sold
Jun 1, 2006
$527,500
Public Record