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550 Orange Ave 216, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

550 Orange Ave 216, Long Beach, California 90802 home-pic-0
ACTIVE$545,000$930/sqft
550 Orange Ave 216, Long Beach, California 90802
2Beds
2Baths
930Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
FHA/VA Approved & Move-in Ready: The property is FHA and VA approved, broadening the buyer pool, and includes all appliances, making it truly move-in ready for immediate occupancy.
Top Cons:
High Monthly HOA Fee: The association fee of $452.90 per month is a significant recurring expense that can impact overall affordability and long-term ownership costs for buyers.

Compared to the nearby listings

Price:$545.0K vs avg $482.5K (+$62,500)64%
Size:930 sqft vs avg 868 sqft60%
Price/sqft:$586 vs avg $58151%

More Insights

Built in 1985 (41 years old).
Condition: Built in 1985, this condo is well-maintained and move-in ready, with updated stainless steel kitchen appliances and in-unit laundry. However, the kitchen cabinets and countertops are dated, and both bathrooms feature older fixtures and styles. The extensive wood paneling in the living area also contributes to an overall aesthetic that, while functional, shows signs of being outdated and would benefit from cosmetic updates to meet modern preferences.
Year Built
1985
Close
-
List price
$545K
Original List price
$580K
Price/Sqft
$586
HOA
$452.9
Days on market
-
Sold On
-
MLS number
PW25254899
Home ConditionFair
Features
Deck
Pool
Spa
ViewCourtyard

About this home

Discover easy, modern living at 550 Orange Ave, Unit 216 in Long Beach, CA. Situated in the well-regarded Genesis community, this inviting two-bedroom, two-bath condo offers 943 square feet of comfortable and functional living space designed to fit today’s lifestyle. The open interior is complemented by the convenience of an in-unit washer and dryer, while central heating and air conditioning provide year-round comfort. Secure controlled building and garage access adds peace of mind, and assigned parking along with generous guest parking eliminates the stress of street parking. Residents enjoy thoughtful building amenities including an elevator, shared storage, a community pool, and a recreation room, ideal for relaxing or hosting guests. This Long Beach condo offers a balance of privacy and community in a location close to dining, shopping, and coastal attractions. The property is FHA and VA approved, and all appliances are included, making it truly move-in ready. Whether you’re purchasing your first home or looking to downsize without sacrificing comfort, this condo is an excellent opportunity to own in one of Long Beach’s established neighborhoods.

Y
Yvette Hitchens
Listing Agent

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.5mi
6/10
Burbank Elementary School
Public,•K-5•0.7mi
6/10
Franklin Classical Middle School
Public,•6-8•0.1mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.5mi
6/10
Polytechnic High School
Public,•9-12•1.1mi
6/10
Wilson High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
04/14/95
Sold
$72,000
10/19/22
Sold
$500,000
Condition Rating
Fair
Built in 1985, this condo is well-maintained and move-in ready, with updated stainless steel kitchen appliances and in-unit laundry. However, the kitchen cabinets and countertops are dated, and both bathrooms feature older fixtures and styles. The extensive wood paneling in the living area also contributes to an overall aesthetic that, while functional, shows signs of being outdated and would benefit from cosmetic updates to meet modern preferences.
Pros & Cons

Pros

FHA/VA Approved & Move-in Ready: The property is FHA and VA approved, broadening the buyer pool, and includes all appliances, making it truly move-in ready for immediate occupancy.
Comprehensive Building Amenities: Residents benefit from thoughtful building amenities including an elevator, shared storage, a community pool, and a recreation room, enhancing lifestyle and convenience.
Prime Alamitos Beach Location: Situated in the well-regarded Alamitos Beach area of Long Beach, the condo offers excellent proximity to dining, shopping, and coastal attractions.
Central HVAC & In-Unit Laundry: The unit features central heating and air conditioning for year-round comfort, along with the highly desirable convenience of an in-unit washer and dryer.
Secure & Ample Parking: The property provides secure controlled garage access with assigned parking, complemented by generous guest parking, eliminating common urban parking stresses.

Cons

High Monthly HOA Fee: The association fee of $452.90 per month is a significant recurring expense that can impact overall affordability and long-term ownership costs for buyers.
Recent Price Reduction: The property has undergone a recent price reduction from $580,000 to $545,000, which may suggest it was initially overpriced or has faced challenges attracting offers.
Potential for Dated Interiors: Built in 1985, the condo is nearly 40 years old. While functional, buyers may anticipate the need for cosmetic updates or renovations to align with contemporary design preferences, as no recent major renovations are explicitly mentioned.
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