955 E 3rd 202, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath
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Long Beach, California 90802
This Alamitos Beach Condominium represents a High-Potential Investment Opportunity with a List Price of $300,000—positioned well below the $395,876 Fair Market Value by 24%. This significant valuation gap offers $95,876 in Instant Equity for buyers. Currently holding a Condition Rating of 4, the dated 1984 interior requires cosmetic updates to unlock its full market potential. Featuring a pool, fitness center, and private balcony near Stevenson Elementary, this probate sale is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 955 E 3rd 202 Subject | $300,000* List Price | 2 | 2 | 944 | $339 | - |
A 1187 East 3rd Street 305 Pending | $319,000 List Price | 1 | 1 | 779 | $409 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is 40 years old and shows significant signs of being dated. Images reveal original-style cabinetry, mirrored closet doors, and popcorn ceilings throughout. While the unit appears functional and well-maintained for its age, it lacks modern renovations in the kitchen and living areas, necessitating cosmetic updates to meet current market standards.
Priced at $300,000 for a 2-bedroom, 2-bathroom configuration, this property represents a highly competitive entry point into the Long Beach market, offering significant upside potential.
The secured community provides an impressive array of lifestyle features, including a pool, fitness equipment, BBQ area, and a community room with a kitchen and pool table.
Situated in the desirable Alamitos Beach neighborhood, the property is ideally located within walking distance to the beach, local dining, and shopping, ensuring high tenant and buyer demand.
The listing indicates no view from the unit, which may be a disadvantage for buyers seeking the coastal or city vistas typically associated with Long Beach real estate.
As a probate sale, the transaction may involve specific legal disclosures or procedural nuances that could be perceived as more complex than a standard residential transaction.
This is a great opportunity to own a beautifully appointed condo featuring two bedrooms and two bathrooms. The unit includes an in-unit stackable washer and dryer, along with dedicated parking and storage in a secured community garage. Residents also enjoy pool, BBQ and outdoor dining area, as well as a community room equipped with a pool table, kitchen, restrooms, and fitness equipment. The living room features a fireplace, creating a warm and inviting space to relax, while a sliding glass door opens to a private balcony, perfect for enjoying your morning coffee. Ideally located just minutes from the beach, restaurants, and shops, with convenient access to major freeways. Probate sale, no court confirmation is required.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 52% |
| Baths | 2.0 | 1.0 | 55% |
| Square foot | 944 | 859 | 63% |
| Lot Size | 37,052 | 28,583 | 65% |
| Price | $300.0K | $490.0K | 7% |
| Price per sq ft | $318 | $589 | 1% |
| Built year | 1984 | 1973 | 60% |
| HOA | $414.88 | $468 | 41% |
| Days on market | 32 | 151 | 2% |
May 5, 2026
$300,000
Initial Listing
Apr 5, 1999
$91,500
Public Record