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700 E Ocean Boulevard 3003, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 2 bath

700 E Ocean Boulevard 3003, Long Beach, California 90802 home-pic-0
ACTIVE$750,000$880/sqft
700 E Ocean Boulevard 3003, Long Beach, California 90802
1Bed
2Baths
880Sqft
33,204Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Assumable FHA Loan: The property offers an assumable FHA loan with an exceptionally low interest rate of 3.125%, providing a significant financial advantage to qualified buyers in the current market.
Top Cons:
High Monthly HOA Fees: The association fee of $883.00 per month is substantial and will significantly add to the overall monthly housing expenses, potentially limiting the buyer pool.

Compared to the nearby listings

Price:$750.0K vs avg $482.5K (+$267,500)82%
Size:880 sqft vs avg 868 sqft51%
Price/sqft:$852 vs avg $58193%

More Insights

Built in 1965 (61 years old).
Condition: Despite the building's 1965 construction year, the unit has undergone a beautiful and extensive modern renovation. The kitchen features sleek waterfall quartz countertops, stainless steel appliances, and modern cabinetry, all appearing virtually new. Both the main and half bathrooms are fully updated with contemporary vanities, illuminated LED mirrors, and modern tiling, including a glass-enclosed shower. The entire unit boasts elegant porcelain flooring, recessed lighting, fresh paint, and crown molding, indicating a very recent and high-quality overhaul. All visible components meet current quality standards with no signs of wear or deferred maintenance.
Year Built
1965
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$852
HOA
$883
Days on market
-
Sold On
-
MLS number
PW26000268
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Marina, Mountain(s), Neighborhood, Ocean, Panoramic, Pier, Water
Pool
ViewCity Lights,Coastline,Marina,Mountain(s),Neighborhood,Ocean,Panoramic,Pier,Water

About this home

*FHA LOAN IS ASSUMABLE TO QUALIFIED BORROWERS. INTEREST RATE @ 3.125%. Experience Elevated Living with Stunning Ocean and Panoramic City Views! Nestled on the 30th floor of the iconic International Tower on Ocean Blvd, this beautifully renovated 1-Bedroom, 1.5-Bath home offers luxury living with wrap-around balcony views spanning the beach, city skyline, and Hollywood Hills. Just two floors below the penthouse, this midcentury gem blends modern upgrades with timeless sophistication. Key interior highlights include freshly painted walls, elegant porcelain flooring, recessed lighting, and crown moulding, complemented by floor-to-ceiling windows that flood the space with natural light. The modern kitchen features sleek waterfall quartz countertops and stainless steel appliances. The king-sized bedroom, framed by barn doors, offers a serene retreat with an ensuite ceramic-tiled bathroom, a spacious walk-in closet, and ample linen storage. This luxury building offers an array of amenities, including a pool, barbecue area, gym, billiards room, and media/recreation spaces. Enjoy peace of mind with a full-time concierge, security system, intercom, and on-site staff. Convenience is key with assigned and guest parking, as well as laundry in every unit. Don’t miss the chance to call this trophy property home.

T
Teka Klopfenstein
Listing Agent

Price History

Date
Event
Price
06/19/19
Sold
$575,000
09/14/17
Sold
$400,000
01/17/03
Sold
$260,000
Condition Rating
Excellent
Despite the building's 1965 construction year, the unit has undergone a beautiful and extensive modern renovation. The kitchen features sleek waterfall quartz countertops, stainless steel appliances, and modern cabinetry, all appearing virtually new. Both the main and half bathrooms are fully updated with contemporary vanities, illuminated LED mirrors, and modern tiling, including a glass-enclosed shower. The entire unit boasts elegant porcelain flooring, recessed lighting, fresh paint, and crown molding, indicating a very recent and high-quality overhaul. All visible components meet current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Assumable FHA Loan: The property offers an assumable FHA loan with an exceptionally low interest rate of 3.125%, providing a significant financial advantage to qualified buyers in the current market.
Panoramic Views: Situated on the 30th floor, the unit boasts stunning wrap-around balcony views encompassing the beach, city skyline, and Hollywood Hills, enhancing its luxury appeal.
Modern Renovations: The interior has been beautifully renovated with modern upgrades including fresh paint, elegant porcelain flooring, recessed lighting, crown molding, and a sleek kitchen with waterfall quartz countertops and stainless steel appliances.
Extensive Building Amenities: Residents have access to a wide array of luxury amenities such as a pool, barbecue area, gym, billiards room, and media/recreation spaces, offering a resort-like living experience.
Premium Services & Security: The building provides high-level services including a full-time concierge, robust security system, intercom, on-site staff, assigned and guest parking, and convenient in-unit laundry.

Cons

High Monthly HOA Fees: The association fee of $883.00 per month is substantial and will significantly add to the overall monthly housing expenses, potentially limiting the buyer pool.
Compact Living Space: With only 1 bedroom and 880 sqft, the unit offers limited living space, which may not be suitable for buyers seeking more room, a dedicated home office, or additional bedrooms.
Older Building Structure: Despite interior renovations, the building was constructed in 1965, which could imply potential for aging infrastructure in common areas or higher long-term maintenance costs for the HOA.
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