550 Orange Street 140, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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Long Beach, California 90802
This High-Potential Investment Opportunity is listed at $399,000, positioned slightly above the $388,845 Fair Market Value. While the property lacks an equity gap, its Condition Rating of 4 and prime Alamitos Beach location offer a stable entry point into the Long Beach market. Featuring resort-style pool and spa amenities and secure underground parking, this ground-level unit provides significant lifestyle appeal. With proximity to top-rated schools like Stevenson Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Orange Street 140 Subject | $399,000* List Price | 1 | 1 | 686 | $567 | - |
A 219 Esperanza Ave #7 Sold | $365,000 | 1 | 1 | 603 | $605 | 0.4 mi |
B 1633 East 1st Street 4 Sold | $385,000 | 1 | 1 | 823 | $468 | 0.5 mi |
C 307 Cherry Avenue 6 Sold | $342,000 | 1 | 1 | 712 | $480 | 0.5 mi |
D 1140 E Ocean E 109 Sold | $375,000 | 1 | 1 | 732 | $512 | 0.6 mi |
E 834 E 4th Street 29 Sold | $412,000 | 1 | 1 | 630 | $654 | 0.4 mi |
F 1808 E Appleton 6 Sold | $405,000 | 1 | 1 | 662 | $612 | 0.5 mi |
G 646 Nebraska Avenue 6 Active | $390,000 List Price | 2 | 2 | 800 | $488 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is nearly 40 years old. While the interior appears clean and well-kept with updated flooring, the kitchen is dated with older white appliances, laminate countertops, and basic cabinetry. It lacks a recent comprehensive renovation of major systems and finishes required for a higher rating.
Situated in the desirable Alamitos Beach neighborhood, this property offers exceptional proximity to the shoreline, downtown entertainment, and major attractions like the Aquarium of the Pacific and the upcoming 2028 Olympic venues.
The gated community provides a resort-style living experience with access to a pool, spa, and clubhouse, along with the added value of secure underground parking and a private storage cabinet.
As a ground-floor unit, this residence offers easy entry and exit without the need for stairs or elevators, providing convenient urban living within a secure environment.
The property is listed as having no view, which may be a drawback for buyers seeking the ocean or city vistas often associated with coastal Long Beach real estate.
At approximately $453 per month for a 686-square-foot one-bedroom unit, the association fees are relatively high and significantly impact the monthly carrying costs for potential owners.
550 Orange Ave, Unit #140 is a wonderful opportunity to enjoy the excitement of the Long Beach lifestyle close to the sand, surf and downtown. Coastal comfort meets urban convenience in this inviting ground-level condo located in Long Beach's popular Alamitos Beach neighborhood. Approximately 686 square feet of living space - 1 bed/1 bath this resident is located within a secure gated community designed for easy Southern California living. Residents enjoy resort-style pool, spa and clubhouse as well as secure underground parking with one assigned space and private storage cabinet. This neighborhood is just moments from the shoreline, local parks and vibrant entertainment, with easy access to some of Long Beach's most desired destinations including Aquarium of the Pacific, Rosie's Dog Beach and the Queen Mary. Enjoy year round coastal energy with Downtown Long Beach events, the renowned Long Beach Grand Prix and Long Beach's role as a host city for 2028 Olympics Beach Volleyball.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 686 | 853 | 32% |
| Lot Size | 95,336 | 28,583 | 93% |
| Price | $399.0K | $490.0K | 28% |
| Price per sq ft | $582 | $589 | 49% |
| Built year | 1985 | 1973 | 63% |
| HOA | $452.9 | $468 | 49% |
| Days on market | 14 | 151 | 1% |
May 23, 2026
$399,000
Initial Listing
Aug 22, 2019
$306,000
Public Record
Oct 5, 2012
$121,000
Public Record
Jun 14, 2002
$106,000
Public Record