
Long Beach, California 90802
This Turnkey Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $505,732 Fair Market Value by 1%. Featuring a Mint Condition Rating with modern stone countertops and upgraded flooring, this residence offers $6,732 in Instant Equity. Residents enjoy a private balcony with treetop views and access to a fitness center. Located in vibrant Downtown Long Beach, this property is an ideal choice for first-time buyers or urban professionals seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 W 4th 318 Subject | $499,000* List Price | 2 | 2 | 957 | $540 | - |
A 720 W 4th Sold | $505,000 | 2 | 2 | 957 | $528 | 0.0 mi |
B 730 W 4th 203 Sold | $538,000 | 2 | 2 | 957 | $562 | 0.0 mi |
C 645 Chestnut Sold | $491,000 | 2 | 2 | 934 | $526 | 0.3 mi |
D 555 Maine 130 Sold | $485,000 | 2 | 2 | 892 | $544 | 0.2 mi |
E 555 Maine Avenue 425 Sold | $566,000 | 2 | 2 | 906 | $625 | 0.2 mi |
F 421 W 6th 208 Sold | $500,000 | 2 | 2 | 896 | $558 | 0.3 mi |
G 640 W 4th Street 401 Sold | $455,000 | 2 | 2 | 1,017 | $447 | 0.0 mi |
H 555 Maine Avenue 207 Sold | $522,000 | 2 | 2 | 907 | $576 | 0.2 mi |
I 730 W 4th Active | $499,000 List Price | 2 | 2 | 957 | $521 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was constructed in 1984, the unit has undergone significant recent renovations within the last 5 years. The kitchen features modern stone countertops with a waterfall edge, updated white cabinetry, and stainless steel appliances. The interior boasts upgraded wood-look flooring throughout and modern in-unit laundry, meeting the criteria for mint condition and move-in readiness.
The thoughtfully designed floor plan features two spacious bedroom suites, each with its own private ensuite bathroom and in-unit laundry, providing ideal privacy for roommates or guests.
At a competitive price point with remarkably low HOA dues for the area, the property further stands out with a $20,000 buyer grant financing program available for qualified buyers.
Situated in the heart of Downtown Long Beach, the residence offers immediate access to the Civic Center, César E. Chávez Park, the 710 freeway, and two assigned parking spaces.
Built in 1984, the property may require more frequent maintenance or updates to its infrastructure compared to the newer luxury high-rises common in the downtown area.
The assigned high school carries a lower performance rating (3/10), which may be a significant consideration for families prioritizing public education rankings.
Welcome to coastal city living at Ocean Gate in vibrant Downtown Long Beach! This inviting residence features a bright, open-concept floor plan accented by upgraded flooring throughout, creating an ideal setting for both everyday living and hosting guests. Step outside to relax on your spacious 3rd-floor private balcony, which offers tranquil views of the surrounding treetops. Thoughtfully designed for maximum privacy and convenience, the home boasts two spacious bedroom suites—each complete with its own private ensuite bathroom—as well as an in-unit washer and dryer. Living here places you right at the intersection of urban energy and outdoor recreation. Enjoy green space directly across the street at César E. Chávez Park and the Jenny Oropeza Community Center, or take advantage of being just steps from the modern Long Beach Civic Center plaza, the Billie Jean King Main Library, and the George Deukmejian Courthouse. Hop onto the neighboring LA River Bike Path for a quick ride to the shoreline or DTLA, and explore the endless dining, shopping, and entertainment options that Downtown Long Beach and iconic Ocean Boulevard have to offer. Commuters will appreciate the effortless access to the 710 freeway, while weekend adventurers are just minutes from the Catalina Express terminal for easy island getaways. The well-maintained Ocean Gate community offers controlled smart access, a fully equipped fitness center, and a versatile recreation room—all paired with exceptionally low HOA dues. Rounding out this complete package are two assigned parking spaces (#16 & 19) along with additional private storage.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 957 | 924.282 |
| Lot Size | 32,331 | 30,288.04 |
| Price | $499.0K | $521.1K |
| Price per sq ft | $521 | $569 |
| Built year | 1984 | 1976 |
| HOA | $390.0 | $460 |
| Days on market | 37 | 74 |
Aug 3, 2026
$499,000
Initial Listing
Jul 27, 2018
$380,000
Public Record
Sep 29, 2014
$265,000
Public Record