488 E Ocean, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
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Long Beach, California 90802
This Luxury Penthouse Residence is a Strong Value Opportunity, listed at $1,119,000—positioned well above the $1,036,117 Fair Market Value by 7%. While priced at a premium, the property features an Excellent Condition Rating with high-end Viking appliances and panoramic ocean views. Residents enjoy resort-style amenities, including a pool, spa, and 24-hour concierge. Located in the heart of Long Beach, this home offers a sophisticated coastal lifestyle. It is an ideal acquisition for Luxury Homebuyers or Professional Executives seeking a turnkey, high-visibility urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 488 E Ocean Subject | $1,119,000* List Price | 2 | 2 | 1,434 | $723 | - |
A 411 W Seaside Way 703 Sold | $799,000 | 2 | 2 | 1,410 | $567 | 0.5 mi |
B 700 E Ocean Boulevard 2508 Sold | $902,000 | 3 | 2 | 1,260 | $716 | 0.2 mi |
C 525 E Seaside 2107 Sold | $875,000 | 2 | 2 | 1,324 | $661 | 0.1 mi |
D 850 E Ocean Boulevard 302 Sold | $850,000 | 2 | 2 | 1,370 | $620 | 0.3 mi |
E 400 W Ocean 1702 Sold | $1,249,000 | 3 | 3 | 1,760 | $710 | 0.5 mi |
F 1000 715 E Ocean Sold | $1,087,000 | 3 | 2 | 1,952 | $557 | 0.2 mi |
G 525 E Seaside Sold | $805,000 | 2 | 2 | 1,030 | $782 | 0.1 mi |
H 700 E Ocean 1708 Sold | $825,000 | 3 | 2 | 1,260 | $655 | 0.2 mi |
I 525 525 E Seaside Way 409 Active | $799,000 List Price | 2 | 2 | 1,399 | $571 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2004, this penthouse is in mint condition with high-end renovations that appear to be within the last 5 years. The gourmet kitchen features premium Viking stainless steel appliances and modern cabinetry, while the spa-inspired bathrooms and central HVAC system are well-maintained and move-in ready with no deferred maintenance.
As a premier penthouse, this unit offers exceptional front-row views of the Pacific Ocean, Catalina Island, and the Queen Mary, providing a unique vantage point for the Long Beach Grand Prix and upcoming 2028 Olympic events.
A rare and highly valuable feature for Downtown Long Beach, this property includes a private deeded garage with a roll-up door plus an additional deeded parking space, offering unmatched convenience and security.
The residence features high-end finishes including Viking stainless steel appliances, granite countertops, and an expansive wraparound balcony with glass railings that maximize the indoor-outdoor coastal lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1434, other record living area = 590. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee is $850 per month, which represents a significant recurring expense that may impact the debt-to-income ratio for some buyers.
The second sleeping area is a loft conversion rather than a fully enclosed room, which may lack the total privacy required by families or those seeking a traditional two-bedroom layout.
Experience breathtaking panoramic views of the ocean, Catalina Island, the Queen Mary, the Southern California coastline, and sparkling city lights from this highly upgraded penthouse in the desirable Aqua Towers. The expansive wraparound balcony with glass railings offers front-row views of the Long Beach Grand Prix, seasonal waterfront events, and the 2028 Olympic sailing and volleyball competitions. This spacious 1-bedroom plus loft (currently used as a second bedroom) features an open, light-filled floor plan with stunning views from nearly every room. The gourmet kitchen is equipped with granite countertops, Viking stainless steel appliances, full-size in-unit laundry, and central A/C and heating. The primary suite offers a large walk-in closet and a spa-inspired bathroom with dual vanities, a soaking tub, and a separate walk-in shower. A rare bonus, this home includes a private deeded garage with a roll-up door remote plus an additional deeded parking space. Residents enjoy resort-style amenities including 24-hour concierge and security, pool, spa, fitness center with sauna, clubhouse, business centers, BBQ area, and on-site management. Located in the heart of Downtown Long Beach, you're just steps from the beach, marina, restaurants, shopping, entertainment, biking trails, the Performing Arts Center, The Pike, East Village Arts District, public transit, and the Aquarium of the Pacific. This is a rare opportunity to purchase one of Aqua Towers' premier penthouse residences with unmatched views and an exceptional coastal lifestyle.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,434 | 926 |
| Lot Size | 120,506 | 30,781 |
| Price | $1.12M | $514.8K |
| Price per sq ft | $780 | $568 |
| Built year | 2004 | 1979 |
| HOA | $850.0 | $475 |
| Days on market | 27 | 76 |
Jun 25, 2026
$1,119,000
Initial Listing
Dec 19, 2018
$730,000
Public Record