5585 E Pacific Coast Hwy 342, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath
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5585 E Pacific Coast Hwy 342
Long Beach, California 90804
ACTIVE
CONDITION: GOOD
1Beds
1Baths
597Sq Ft
147,503Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$318,000
5% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $318,000—positioned well below the $336,780 Fair Market Value by 5%. This valuation gap offers $18,780 in Instant Equity for the buyer. With a Condition Rating of 3, the home features refreshed interiors and resort-style amenities, including a pool and spa. Located near top-rated schools like Gant Elementary (10/10), this property is an ideal choice for first-time buyers or owner-occupants seeking a convenient, move-in ready lifestyle in Long Beach.
Estimated Market Value
$318,000+$18,000 Equity Potential
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 Hwy 342 Subject | $300,000* List Price | 1 | 1 | 597 | $533 | - |
A 5585 E Pacific Coast Highway 171 Sold | $335,000 | 1 | 1 | 597 | $561 | 0.0 mi |
B 5585 E Pacific Coast Highway 343 Sold | $350,000 | 1 | 1 | 597 | $586 | 0.0 mi |
C 5585 E Pacific Coast Highway 132 Sold | $335,000 | 1 | 1 | 597 | $561 | 0.0 mi |
D 5585 E Pacific Coast E 353 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 Highway #214 Pending | $315,000 List Price | 1 | 1 | 597 | $528 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1970, the property has been 'refreshed' with updated flooring, a modernized bathroom, and a kitchen featuring newer stainless steel appliances and butcher block countertops. These updates place it in the 5-15 year renovation window, making it functional and move-in ready despite some dated elements like the original cabinetry and popcorn ceilings.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Gant Elementary School (10/10).
- Prime Location
Ideally situated near CSULB, the beach, and major freeways, this property offers exceptional convenience for students, faculty, and commuters.
- Turnkey Interior Updates
The condo features updated flooring, a refreshed kitchen, and a modernized bathroom, providing a move-in-ready experience for the new owner.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At 597 square feet, the compact layout may be restrictive for buyers seeking more storage or a dedicated home office space.
- High Monthly HOA Fees
The $422 monthly association fee represents a significant recurring expense relative to the purchase price, which may impact overall affordability.
About 5585 E Pacific Coast Hwy 342
Welcome to Park Ocean, a highly desirable community offering resort-style amenities and a convenient Long Beach location. This 1 bedroom, 1 bath condo is tucked away in the back of the complex, providing a quiet and peaceful setting with some views of the mountains. Inside, you’ll find updated flooring, a refreshed kitchen, and a nicely updated bathroom.. The open layout is bright and comfortable, perfect for both relaxing and entertaining. The Park Ocean community features a pool, spa, BBQ area, full gym, and an updated community recreation room that is perfect for gatherings.. One assigned parking space is included. Ideally located very close to CSULB, the beach, shopping, dining, and freeways, this home combines comfort and convenience in one.
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
- $422.0 / 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 | 147,503 | 30,288.04 |
| Price | $300.0K | $521.1K |
| Price per sq ft | $503 | $569 |
| Built year | 1970 | 1976 |
| HOA | $422.0 | $460 |
| Days on market | 49 | 74 |
Pricing History
Listed for Sale
Aug 12, 2026
$300,000
$318,000
-6% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$318,000
Initial Listing
Sold
Feb 13, 2004
$169,000
Public Record
Sold
Oct 18, 2001
$89,000
Public Record
Sold
Sep 25, 1998
$69,000
Public Record