5585 E Pacific Coast Hwy 342, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath
5585 E Pacific Coast Hwy 342
Long Beach, California 90804
Property Price
SUMMARY
Analysis of 5585 E Pacific Coast Hwy 342, Long Beach, California 90804 is currently available with a list price of $320,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1970-built condo has undergone significant recent updates, making it move-in ready. The interior features new laminate flooring throughout, a refreshed kitchen with new stainless steel appliances (refrigerator, microwave, range, dishwasher) and butcher block countertops, and a nicely updated bathroom with modern floating vanities, sinks, and light fixtures. While the kitchen cabinets retain an older style and the ceiling has a popcorn texture, these are minor cosmetic points given the overall fresh and clean condition. The presence of a window AC unit instead of central air is noted. The common areas and amenities also appear well-maintained and updated.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Gant Elementary School (10/10).
- Prime Location
Ideally located very close to CSULB, the beach, shopping, dining, and major freeways, offering excellent convenience and accessibility.
- Resort-Style Community Amenities
The Park Ocean community provides extensive amenities including a pool, spa, BBQ area, full gym, and an updated community recreation room.
CONSRISKS & DEFICIENCIES
- Compact Size & Limited Bedrooms
As a 1-bedroom, 1-bathroom unit with only 597 sqft, its small footprint may limit appeal to individuals or couples seeking more space or additional rooms.
- High Monthly HOA Fees
The $422.00 monthly association fee is relatively high for a unit of this size and bedroom count, impacting overall affordability.
- Multiple Price Reductions
The property has experienced several price drops from its original list price of $345,000 to $320,000, which could suggest initial overpricing or a challenging market reception.
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
Lowell Elementary School
Grades K-5 • 1.0 mi
Rogers Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 597 | 890 | 17% |
| Lot Size | 147,503 | 24,688 | 93% |
| Price | $320.0K | $480.0K | 7% |
| Price per sq ft | $536 | $536 | 50% |
| Built year | 1970 | 1988 | 14% |
| HOA | $422.0 | $422 | 50% |
| Days on market | 175 | 175 | 52% |
Pricing History
Listed for Sale
Jan 1, 2026
$320,000
$325,000
-2% Price Drop
Initial Listing
Price Change
Nov 20, 2025
$325,000
$335,000
-3% Price Drop
Initial Listing
Price Change
Oct 28, 2025
$335,000
$345,000
-3% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$345,000
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