800 E Ocean #905, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
Loading property details...
800 E Ocean #905
Long Beach, California 90802
ACTIVE
CONDITION: FAIR
1Beds
1Baths
839Sq Ft
51,693Lot Size
Property Price
LIST PRICE$548,000
EST. MARKET VALUE
$504,929
8% AboveMARKET VALUE
SUMMARY
This historic Villa Riviera condo represents a High-Potential Investment Opportunity, listed at $548,000—positioned above the $504,929 Fair Market Value. While priced at a premium, the asset offers immediate stability with a long-term tenant through June 2027 and Mills Act tax savings. Featuring a Condition Rating of 4, the unit retains historic charm but requires modernization. With panoramic ocean views and a prime coastal location, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or Passive Income Seekers.
Estimated Market Value
$504,929
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 |
|---|---|---|---|---|---|---|
★ 800 E Ocean #905 Subject | $548,000* List Price | 1 | 1 | 839 | $602 | - |
A 800 E Ocean Boulevard 504 Sold | $385,000 | 0 | 1 | 580 | $664 | 0.0 mi |
B 525 E Seaside Way 1801 Sold | $466,000 | 1 | 1 | 834 | $559 | 0.2 mi |
C 388 E Ocean 1402 Sold | $500,000 | 1 | 1 | 600 | $833 | 0.3 mi |
D 388 E Ocean 709 Sold | $415,000 | 1 | 1 | 590 | $703 | 0.3 mi |
E 525 Seaside Way 411 Sold | $499,000 | 1 | 1 | 822 | $607 | 0.2 mi |
F 800 E Ocean 1403 Sold | $599,000 | 1 | 1 | 845 | $709 | - |
G 700 E Ocean Boulevard 2301 Sold | $555,000 | 2 | 2 | 1,080 | $514 | 0.1 mi |
H 388 E Ocean Boulevard 1112 Sold | $465,000 | 1 | 1 | 680 | $684 | 0.3 mi |
I 1030 E Ocean 308 Active | $394,250 List Price | 1 | 1 | 660 | $597 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1928, the property retains its original historic character but features a kitchen and bathroom that are significantly dated (>20 years old). While the 'vintage' elements are well-preserved and functional for the current tenant, the tiling, cabinetry, and fixtures require modernization to meet contemporary standards.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Coastal Views
Situated on the 9th floor of the historic Villa Riviera, the unit offers breathtaking, unobstructed views of the Pacific Ocean, Catalina Island, and the Queen Mary.
- Mills Act Tax Savings
The property is Mills Act approved, providing owners with substantial property tax reductions, which significantly enhances the long-term investment yield.
- Turnkey Investment
The unit comes with a reliable, long-term tenant under lease until June 2027, ensuring immediate and stable cash flow for investors from day one.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The HOA fee of $1,200 per month is relatively high, which may impact the net monthly cash flow despite the inclusion of all major utilities.
- Restricted Occupancy
With a lease in place through mid-2027, the property is unsuitable for owner-occupants looking for a primary residence in the near future.
About 800 E Ocean #905
Investor opportunity at the iconic Villa Riviera! This 9th-floor, 1-bedroom, 1-bath condo offers approximately 839 square feet with sweeping views of the Pacific Ocean, Catalina Island, Queen Mary, and Long Beach coastline. The home blends historic character with functionality, featuring high ceilings, hardwood floors in the living area, a well-preserved vintage bathroom with original tile and tub, generous closet space, and flexible areas that can be used for storage or a home office. The unit is currently tenant occupied at market rent, with the lease in place through the end of June 2027, offering an investor immediate rental income with an established long-term tenant who would like to remain. Villa Riviera amenities include direct beach access, an oceanfront patio, barbecue area, shuffleboard, cabana with gas fire pit, and secure bicycle storage. HOA dues include cable, high-speed internet, electricity, gas, water, and trash. The unit is also Mills Act approved, offering the potential for significant property tax savings. A rare chance to own a tenant-occupied investment property in one of Long Beach’s most historic and recognizable coastal buildings.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1928
- Lot Size
- 51,693 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1200.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Stevenson Elementary School
Grades K-5 • 0.5 mi
7/10
Burbank Elementary School
Grades K-5 • 1.2 mi
6/10
Franklin Classical Middle School
Grades 6-8 • 0.6 mi
6/10
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 | 839 | 924.282 |
| Lot Size | 51,693 | 30,288.04 |
| Price | $548.0K | $521.1K |
| Price per sq ft | $653 | $569 |
| Built year | 1928 | 1976 |
| HOA | $1200.0 | $460 |
| Days on market | 18 | 74 |
Pricing History
Listed for Sale
Aug 22, 2026
$548,000
Initial Listing
Sold
Nov 24, 2020
$535,500
Public Record
Sold
Feb 22, 2017
$437,500
Public Record
Sold
Jul 1, 2008
$390,000
Public Record
Sold
Jun 19, 2003
$245,000
Public Record