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 | $394,000* List Price | 1 | 1 | 686 | $530 | - |
A 102 Lime Avenue 6 Sold | $337,000 | 1 | 1 | 684 | $493 | 0.6 mi |
B 1187 East 3rd Street 305 Sold | $319,000 | 1 | 1 | 779 | $409 | 0.2 mi |
C 1140 E Ocean E 109 Sold | $375,000 | 1 | 1 | 732 | $512 | 0.6 mi |
D 307 Cherry Avenue 6 Sold | $342,000 | 1 | 1 | 712 | $480 | 0.5 mi |
E 219 Esperanza Ave #7 Sold | $365,000 | 1 | 1 | 603 | $605 | 0.4 mi |
F 1273 E Appleton St 3 Sold | $362,000 | 1 | 1 | 860 | $421 | 0.3 mi |
G 100 Atlantic Sold | $370,000 | 2 | 1 | 820 | $451 | 0.6 mi |
H 1020 E 2nd Street 10 Sold | $420,000 | 1 | 1 | 643 | $653 | 0.5 mi |
I 646 Nebraska Avenue 6 Active | $400,000 List Price | 2 | 2 | 800 | $500 | 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 Avenue is an exceptional opportunity to enjoy the best of Long Beach coastal living. Located in the sought-after Alamitos Beach neighborhood, this inviting ground-level condominium offers a comfortable blend of beachside lifestyle and everyday convenience. Featuring approximately 686 square feet of living space, this one-bedroom, one-bath residence is situated within a secure gated community designed for easy Southern California living. The functional floor plan provides comfortable living and dining spaces, while the ground-floor location offers convenient access for residents and guests alike. Community amenities include a resort-style pool, spa, clubhouse, secure underground parking with one assigned space, and a private storage cabinet. These features enhance the low-maintenance lifestyle many buyers seek when choosing a coastal condominium. The location places residents near the shoreline, neighborhood parks, and many of Long Beach's most recognizable attractions, including the Aquarium of the Pacific, Rosie's Dog Beach, and the Queen Mary. Throughout the year, residents enjoy the energy of Downtown Long Beach events, the world-famous Long Beach Grand Prix, and Long Beach's role as a host city for Beach Volleyball during the 2028 Olympic Games. Whether you are purchasing your first home, seeking a coastal retreat, or looking for a low-maintenance residence close to the beach, this Alamitos Beach condominium offers an outstanding opportunity to enjoy one of Southern California's most vibrant coastal communities.
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 |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 686 | 926 |
| Lot Size | 95,336 | 30,781 |
| Price | $394.0K | $514.8K |
| Price per sq ft | $574 | $568 |
| Built year | 1985 | 1979 |
| HOA | $452.9 | $475 |
| Days on market | 60 | 76 |
Jul 8, 2026
$394,000
$399,000
-1% Price Drop
Initial Listing
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