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800 E Ocean Boulevard 306, Long Beach, California 90802, Long Beach, 90802 - bed, 1 bath

800 E Ocean Boulevard 306, Long Beach, California 90802 home-pic-0
ACTIVE$410,000
800 E Ocean Boulevard 306, Long Beach, California 90802
0Bed
1Bath
701Sqft
51,693Lot
Year Built
1928
Close
-
List price
$410K
Original List price
$460K
Price/Sqft
$585
HOA
$800
Days on market
-
Sold On
-
MLS number
PW24235916
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $410.0K(32th), sqft - 701(34th), beds - undefined(8th), baths - 1(50th).

HISTORIC VILLA RIVIERA condo available for sale. This unit features an open floor plan with lots of natural light, closets, fresh paint, new tile in kitchen & dining room. Conveniently located to everything. Enjoy the beach only steps away, stroll down to Shoreline Village or Pine Street for a meal or shopping. The grocery store and the Blueline and everything is walking distance from the unity with a 92 Walk-score. Don't miss out on this opportunity to own a piece of history in Long Beach. The Villa Riviera is on the National Registry for historic buildings. This unit enjoys the tax savings of the Mills Act which is a huge tax reduction annually and will transfer to the new owner. ALL utilities (gas, electricity, water, cable tv & internet) are included in the HOA fees.

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.5mi
6/10
Burbank Elementary School
Public,•K-5•1.2mi
6/10
Franklin Classical Middle School
Public,•6-8•0.6mi
6/10
Polytechnic High School
Public,•9-12•1.5mi
Condition Rating
Fair
The property, built in 1928, features a recently renovated kitchen with modern appliances, cabinets, and new tile flooring in the main living areas, which are freshly painted. However, the bathroom is significantly outdated with original or very old tilework and fixtures, requiring a full renovation to meet current aesthetic standards. While functional, this major component shows clear signs of being outdated, preventing a 'Good' score despite the other recent updates.
Pros & Cons

Pros

Historic Significance & Tax Benefits: Ownership in the iconic Villa Riviera, a National Registry historic building, comes with significant annual property tax reductions through the Mills Act, a substantial financial advantage.
Exceptional Walkability & Location: Boasting a 92 Walk Score, the property is steps from the beach, Shoreline Village, Pine Street amenities, grocery stores, and public transit, offering unparalleled urban convenience.
All-Inclusive HOA Structure: The HOA fees cover all essential utilities including gas, electricity, water, cable TV, and internet, simplifying monthly budgeting and reducing unexpected costs for the owner.
Updated Interior & Bright Living Space: The unit features recent updates such as fresh paint and new tile in the kitchen and dining areas, complemented by an open floor plan that maximizes natural light.
Desirable City Lights View: The property offers an attractive 'City Lights' view, enhancing the living experience and adding to its overall appeal.

Cons

Substantial HOA Fees: Despite including utilities, the $800 monthly HOA fee is considerable and represents a significant ongoing cost for potential buyers.
Limited Square Footage: With 701 square feet, the unit offers a compact living space, which may be a constraint for buyers seeking larger accommodations or more room for expansion.
Recent Price Reduction: The property's list price has been reduced from $460,000 to $410,000, potentially indicating a previous overvaluation or challenges in market absorption.

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