923 E Ocean 5, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
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Long Beach, California 90802
This Turnkey Coastal Condominium is a Strong Value Opportunity, listed at $585,000—positioned well below the $593,124 Fair Market Value by 1.37%. This valuation gap offers $8,124 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers a modern, move-in ready interior with an open floor plan. Located near Stevenson Elementary, this property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance, high-demand coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 923 E Ocean 5 Subject | $585,000* List Price | 2 | 2 | 1,038 | $571 | - |
A 525 E Seaside 1104 Sold | $700,000 | 2 | 2 | 1,030 | $680 | 0.3 mi |
B 525 E Seaside Way 1504 Sold | $690,000 | 2 | 2 | 1,030 | $670 | 0.3 mi |
C 955 E 3rd Street Sold | $515,000 | 2 | 2 | 1,002 | $514 | 0.3 mi |
D 907 E Ocean Boulevard Sold | $640,000 | 2 | 2 | 1,155 | $554 | 0.0 mi |
E 615 E Broadway Sold | $455,500 | 2 | 2 | 1,081 | $421 | 0.3 mi |
F 850 E Ocean Boulevard 209 Sold | $760,000 | 2 | 2 | 1,423 | $534 | 0.1 mi |
G 940 E 3rd Street 10 Sold | $549,000 | 2 | 2 | 1,031 | $532 | 0.3 mi |
H 525 E Seaside Way 704 Sold | $655,000 | 2 | 2 | 1,112 | $589 | 0.3 mi |
I 700 E Ocean 601 Active | $588,888 List Price | 2 | 2 | 1,080 | $545 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1987, the property exceeds the 30-year age mark but has clearly undergone significant aesthetic updates. The interior features modern light fixtures, fresh neutral paint, and updated flooring that suggest a renovation within the last 5-15 years, making it move-in ready and well-maintained.
Situated in the heart of Alamitos Beach, this property offers an unbeatable lifestyle just steps from the sand and within walking distance to Downtown Long Beach's dining and nightlife.
At $310 per month, the association fees are notably competitive for an oceanfront community, enhancing the property's appeal for budget-conscious buyers and investors.
The 1,038 square foot interior features a well-designed open floor plan with a cozy fireplace and abundant natural light, providing a comfortable and inviting living environment.
Despite its prestigious Ocean Blvd address and proximity to the beach, the unit is listed as having no view, which may limit its premium value compared to neighboring units.
Built in 1987, the property may require cosmetic updates or modern system overhauls to compete with the newer luxury developments prevalent in the Downtown Long Beach area.
Welcome to coastal living at its finest in the heart of Downtown Long Beach! This beautifully maintained 2 bed/ 2 bath condominium at 923 E. Ocean Blvd #5 offers the perfect blend of comfort, convenience, and an unbeatable beachfront location. Just steps from the sand, this light-filled residence features an inviting open floor plan, spacious living areas, and a cozy fireplace that creates the perfect setting for relaxing or entertaining. The well-designed layout includes generously sized bedrooms, abundant natural light, and a seamless flow throughout the home. Enjoy the convenience of nearby shopping, dining, entertainment, and the vibrant Long Beach waterfront. Whether you're taking a stroll along the beach, biking the shoreline, or enjoying the city's thriving nightlife, everything is within reach. Located in a highly desirable oceanfront community, this condo presents an exceptional opportunity for first-time buyers, investors, or anyone seeking a low-maintenance coastal lifestyle. Experience the best of Southern California living with breathtaking ocean breezes and easy access to all that Long Beach has to offer. Don't miss your chance to own a piece of paradise just moments from the Pacific Ocean! (Shared Washer/Dryer is available in Provided Laundry Room)
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,038 | 926 |
| Lot Size | 8,261 | 30,781 |
| Price | $585.0K | $514.8K |
| Price per sq ft | $564 | $568 |
| Built year | 1987 | 1979 |
| HOA | $310.0 | $475 |
| Days on market | 26 | 76 |
Jun 26, 2026
$585,000
Initial Listing