5585 E Pacific Coast 245, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath
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5585 E Pacific Coast 245
Long Beach, California 90804
ACTIVE
CONDITION: FAIR
1Beds
1Baths
597Sq Ft
597Lot Size
Property Price
LIST PRICE$319,000
EST. MARKET VALUE
$318,931
SUMMARY
This one-bedroom condo represents a High-Potential Investment Opportunity, listed at a List Price of $349,900—positioned above the $332,722 Fair Market Value. While the unit requires modernization, its Fair Condition Rating and prime location near Cal State Long Beach and top-rated schools like Gant Elementary (10/10) ensure strong rental demand. Residents enjoy resort-style amenities, including a pool, spa, and tennis courts. This property is an ideal Buy-and-Hold Investor asset or a strategic entry point for first-time buyers seeking to build equity through renovation.
Estimated Market Value
$318,931
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5585 E Pacific Coast 245 Subject | $319,000* List Price | 1 | 1 | 597 | $534 | - |
A 5585 E Pacific Coast Highway 171 Sold | $335,000 | 1 | 1 | 597 | $561 | 0.0 mi |
B 5585 E Pacific Coast E 353 Sold | $335,000 | 1 | 1 | 597 | $561 | 0.0 mi |
C 5585 E Pacific Coast Highway 343 Sold | $350,000 | 1 | 1 | 597 | $586 | 0.0 mi |
D 5585 E Pacific Coast Highway 132 Sold | $335,000 | 1 | 1 | 597 | $561 | 0.0 mi |
E 5585 E Pacific Coast Highway E 107 Sold | $245,000 | 0 | 1 | 418 | $586 | 0.0 mi |
F 5585 E Pacific Coast Highway 340 Sold | $325,000 | 1 | 1 | 597 | $544 | 0.0 mi |
G 5585 E Pacific Coast Highway Unit 261 Active | $325,000 List Price | 1 | 1 | 597 | $544 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1970, this 54-year-old unit shows some cosmetic updates like laminate flooring, but the listing description identifies it as a long-term rental 'ready for a new owner to make it their own,' implying dated kitchen and bathroom facilities. The presence of older wall-mounted AC units and the 'equity builder' positioning suggest it needs modernization of systems and interiors to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Gant Elementary School (10/10).
- Prime Location & Accessibility
Centrally located near Cal State Long Beach, local beaches, and major freeways (405, 605, 22), making it highly attractive for students, commuters, and renters.
- Comprehensive Community Amenities
Residents benefit from a wide array of resort-style amenities, including a pool, spa, tennis courts, gym, and BBQ area, all within a secure, well-maintained complex.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =597, other record lot size in square feet = 147472.
- Limited Square Footage
At just 597 square feet, the living space is relatively compact, which may limit appeal for buyers seeking more spacious interiors or additional storage.
- Dated Condition
Having served as a long-term rental, the unit likely requires cosmetic updates and modernization to meet current market standards and maximize its value.
About 5585 E Pacific Coast 245
New Price makes this condo a Great Opportunity in a Prime Long Beach Location! Welcome to 5585 E. Pacific Coast Highway #245 — a one-bedroom, one-bath condo perfect for investors or first-time buyers looking to build equity. This unit has been a long-term rental and is ready for a new owner to make it their own. Set in a secure, well-maintained community, the unit comes with a secured, assigned parking spot and easy access to the 405, 605 and 22 freeways for a smooth commute. Residents enjoy great amenities, including a gym, tennis court, pool, spa, and BBQ area. Just minutes from Long Beach State, local shops, restaurants, and the beach. This condo is a great opportunity to own in one of Long Beach's most desirable pockets. Whether you're planning to grow your rental portfolio, or create a cozy retreat of your own, this unit has plenty of potential. Don't miss the chance to own in this centrally located Long Beach gem!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 597 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $474.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Gant Elementary School
Grades K-5 • 1.0 mi
10/10
Lowell Elementary School
Grades K-5 • 1.0 mi
9/10
Rogers Middle School
Grades 6-8 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 597 | 924.282 |
| Lot Size | 597 | 30,288.04 |
| Price | $319.0K | $521.1K |
| Price per sq ft | $534 | $569 |
| Built year | 1970 | 1976 |
| HOA | $474.0 | $460 |
| Days on market | 34 | 74 |
Pricing History
Listed for Sale
Aug 26, 2026
$319,000
$349,900
-9% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$349,900
Initial Listing
Sold
Nov 18, 2015
$216,000
Public Record
Sold
Oct 22, 2009
$130,000
Public Record