850 E Ocean Boulevard 1506, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

850 E Ocean Boulevard 1506, Long Beach, California 90802 home-pic-0
ACTIVE$1,224,000
850 E Ocean Boulevard 1506, Long Beach, California 90802
2Beds
2Baths
1,587Sqft
69,332Lot
Year Built
1992
Close
-
List price
$1.22M
Original List price
$1.4M
Price/Sqft
$771
HOA
$1,444
Days on market
-
Sold On
-
MLS number
PW25053330
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Marina, Ocean
Deck
ViewCatalina, Coastline, Marina, Ocean

About this home

We found 3 Cons,5 Pros. Rank: price - $1.22M(95th), sqft - 1587(93th), beds - 2(50th), baths - 2(52th).

NOW OFFERED AT $1,224,990 — MAJOR PRICE IMPROVEMENT + SIX (6) MONTHS OF PREPAID HOA DUES INCLUDED. ELEVATED LIVING. EXCEPTIONAL VALUE. WHERE COASTAL COOL MEETS URBAN EDGE. Welcome to the Pacific High-Rise Penthouse — a show stopping 2-bedroom, 2-bath residence soaring 15 stories above the Long Beach coastline. Fully remodeled and newly priced at $1,224,990, this home now comes with an unbeatable incentive: seller will cover up to six months of HOA dues. That’s immediate savings and long-term value for the savvy buyer.This 1,587-square-foot residence has been completely reimagined with timeless finishes, rich wood flooring, and a sleek, open-concept layout. Walls of glass flood the space with natural light and frame panoramic views of the Pacific Ocean, Rainbow Harbor, and the Queen Mary.The chef’s kitchen is designed for both daily living and elevated entertaining, featuring custom cabinetry, granite countertops, and a full suite of professional-grade stainless steel appliances. The oversized primary suite offers a luxurious walk-in closet and spa-inspired bath with designer finishes throughout.Two dedicated parking spaces, on-site storage, and access to premium amenities — including concierge services, a guest suite, and resort-style features — complete this high-standard lifestyle.With six months of HOA dues prepaid and a sharp new price, this penthouse delivers unmatched value in one of Long Beach’s premier full-service buildings.This is more than a home — it’s a rare opportunity that won’t last.

Nearby schools

7/10
Stevenson Elementary School
Public,K-50.5mi
6/10
Burbank Elementary School
Public,K-51.1mi
6/10
Franklin Classical Middle School
Public,6-80.6mi
6/10
Polytechnic High School
Public,9-121.5mi

Price History

Date
Event
Price
12/03/25
Price Change
$1,224,000-0.1%
11/03/25
Price Change
$1,224,990-0.0%
10/23/25
Price Change
$1,225,000-3.9%
10/03/25
Price Change
$1,275,000-5.6%
08/16/25
Price Change
$1,350,000-3.5%
08/14/25
Price Change
$1,399,000
03/11/25
Listing
$1,400,000
Condition Rating
Excellent

Despite being built in 1992, the listing explicitly states the property has been 'fully remodeled' and 'completely reimagined' with 'timeless finishes.' The images confirm a very recent, high-quality renovation. The kitchen features modern flat-panel custom cabinetry, granite countertops, and a full suite of professional-grade stainless steel appliances. The bathrooms are spa-inspired with designer finishes, including modern floating vanities, marble-look countertops, and contemporary fixtures. Rich wood-look flooring is present throughout most living areas, and recessed lighting adds to the modern aesthetic. All components appear new or virtually new, meeting current quality standards, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Pros & Cons

Pros

Panoramic Coastal Views: This penthouse, situated 15 stories high, offers breathtaking panoramic views of the Pacific Ocean, Rainbow Harbor, and the iconic Queen Mary, significantly enhancing its appeal and value.
Extensive Modern Remodel: The residence has been fully reimagined with timeless finishes, rich wood flooring, and a sleek, open-concept layout, providing a luxurious and move-in ready living experience.
Significant Financial Incentives: The property benefits from a major price improvement and includes six months of prepaid HOA dues, offering immediate savings and enhanced value for the discerning buyer.
Premium Building Amenities: Residents enjoy access to a full suite of premium amenities, including concierge services, a guest suite, and resort-style features, elevating the high-rise living experience.
Gourmet Chef's Kitchen: The property boasts a professional-grade chef's kitchen, complete with custom cabinetry, granite countertops, and a full suite of stainless steel appliances, perfect for entertaining and daily use.

Cons

High Monthly HOA Dues: The substantial monthly association fee of $1,444, even with a temporary seller incentive, represents a significant ongoing cost that buyers must factor into their budget.
Building Age: While the unit itself is fully remodeled, the building was constructed in 1992, which could potentially lead to future assessments or maintenance concerns for common areas as the structure ages.
History of Price Reductions: Multiple price reductions from the original listing price of $1.4 million to the current $1.224 million may indicate a challenging market or previous overpricing, potentially influencing buyer perception of value and future appreciation.

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