5585 E Pacific Coast Highway Unit 261, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath
Loading property details...
5585 E Pacific Coast Highway Unit 261
Long Beach, California 90804
ACTIVE
CONDITION: FAIR
1Beds
1Baths
597Sq Ft
147,503Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$322,017
SUMMARY
This condominium presents a Strong Value Opportunity, listed at $350,000—positioned slightly above the $332,514 Fair Market Value. While the unit requires modernization, its Fair Condition Rating and prime location near Cal State Long Beach and the VA Hospital provide a stable foundation for value-add improvements. Residents enjoy extensive community amenities, including a pool, spa, and tennis courts, alongside access to top-rated schools like Gant Elementary. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the Long Beach market.
Estimated Market Value
$322,017
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 Highway Unit 261 Subject | $325,000* List Price | 1 | 1 | 597 | $539 | - |
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 340 Sold | $325,000 | 1 | 1 | 597 | $544 | 0.0 mi |
F 5585 E Pacific Coast 245 Active | $349,900 List Price | 1 | 1 | 597 | $586 | 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.
The property was built in 1970 (54 years old) and the listing lacks mention of recent renovations to the kitchen, bathroom, or major systems. While the community amenities are well-maintained, the unit is described as an 'opportunity' and features dated elements like mirrored closet doors and common laundry, suggesting it is functional but requires modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Gant Elementary School (10/10).
- Prime Location
Ideally situated near Cal State Long Beach and the VA Hospital, this property offers significant appeal for students, faculty, and medical professionals seeking proximity to work and education.
- Extensive Community Amenities
The Park Ocean community provides a robust amenity package, including a pool, spa, gym, and tennis courts, offering high lifestyle value for the price point.
CONSRISKS & DEFICIENCIES
- Lack of In-Unit Laundry
The laundry facilities are located down the hall rather than inside the unit, which may be a drawback for buyers prioritizing convenience and privacy.
- Limited Square Footage
With only 597 square feet of living space, the unit is relatively small, which could limit its appeal to buyers needing more room or additional storage.
About 5585 E Pacific Coast Highway Unit 261
Wonderful opportunity in the Park Ocean community. One bedroom one bath condominium with spacious living room and dining area. Large bedroom includes wall to wall closet with mirrored closet doors. Living room balcony overlooks the tennis court. Laundry room down the hall. Community amenities offer a sparkling swimming pool, spa, BBQ grills, recreation room with fireplace, gym and tennis/basket ball court. Unit comes with one assigned parking space. Conveniently located near Cal State Long Beach, the VA Hospital, local shopping, coffee shops, freeway and the beach. HOA dues cover water, sewer and trash.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 147,503 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $472.46 / 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 | 147,503 | 30,288.04 |
| Price | $325.0K | $521.1K |
| Price per sq ft | $544 | $569 |
| Built year | 1970 | 1976 |
| HOA | $472.46 | $460 |
| Days on market | 38 | 74 |
Pricing History
Listed for Sale
Aug 12, 2026
$325,000
$350,000
-7% Price Drop
Initial Listing
Price Change
Aug 2, 2026
$350,000
Initial Listing
Sold
Jul 16, 1996
$48,000
Public Record