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1130 E 1st Street 205, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

1130 E 1st Street 205, Long Beach, California 90802 home-pic-0
ACTIVE$555,000
1130 E 1st Street 205, Long Beach, California 90802
2Beds
2Baths
957Sqft
8,226Lot
Year Built
1959
Close
-
List price
$555K
Original List price
$555K
Price/Sqft
$580
HOA
$403.8
Days on market
-
Sold On
-
MLS number
PW25158106
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $555.0K(61th), sqft - 957(58th), beds - 2(50th), baths - 2(52th).

Updated Downtown Condo with subterranean parking just a block from the beach and a low 4.49% interest rate assumable loan available. This turn-key unit features dual pane windows, updated kitchen with stainless range, microwave, sink and dishwasher, vinyl plank flooring throughout, primary bedroom with sliding barn door to en suite bathroom. Newer water heater, and updated electrical. Life is good in this vibrant beach community of downtown LBC with so much to do within walking or bicycling distance. Bike along the beach path to Belmont Shore, yoga in the park, shopping, restaurants, art museum, and so much more.

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.6mi
6/10
Burbank Elementary School
Public,•K-5•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•0.5mi
6/10
Polytechnic High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
07/16/25
$555,000
08/31/22
Sold
$550,000
03/29/19
Sold
$390,000
12/31/14
Sold
$287,500
07/27/00
Sold
$90,000
Condition Rating
Good
This condo unit is in good condition, offering a move-in ready experience. Despite the building being constructed in 1959, the unit has undergone significant recent renovations. The kitchen features modern stainless steel appliances, granite countertops, and a contemporary backsplash, aligning with current quality standards. The vinyl plank flooring throughout the unit is new and stylish. Key systems like the electrical and water heater have been updated, and dual-pane windows are a valuable improvement. While the primary bathroom's vanity and light fixture appear older, the shower has been updated, and the overall space is clean and functional. The property meets the 'Good' criteria as it's extensively renovated within the last 5-15 years, with well-maintained systems and minimal wear and tear, requiring no immediate renovations.
Pros & Cons

Pros

Exceptional Coastal Location: Prime downtown Long Beach location, just one block from the beach, offering unparalleled access to a vibrant community, amenities, dining, and entertainment within walking or bicycling distance.
Assumable Low-Interest Loan: A significant financial advantage is available with an assumable loan at a highly attractive 4.49% interest rate, making homeownership more accessible and affordable.
Turn-Key Modern Interior: The unit is move-in ready with recent updates including a modern kitchen with stainless steel appliances, new vinyl plank flooring, dual-pane windows, updated electrical, and a newer water heater.
Valuable Subterranean Parking: Includes dedicated subterranean parking, a highly desirable and convenient amenity in a dense urban coastal environment where parking can be scarce.
City Lights View & Value Proposition: Features desirable city lights views and is currently listed below its estimated market value, presenting a strong investment opportunity for buyers.

Cons

Building Age: Constructed in 1959, the building's age may imply potential for older common area infrastructure or future maintenance needs, despite unit-specific updates.
Monthly Association Fees: A substantial monthly association fee of $403.80 adds to the recurring cost of ownership, which can impact affordability for some buyers.
Lack of Central Cooling: The property description does not mention a cooling system, which could be a significant drawback during warmer months in Southern California.

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