122 Elm Avenue 9, Long Beach, California 90802, Long Beach, 90802 - bed, 1 bath

122 Elm Avenue 9, Long Beach, California 90802 home-pic-0
ACTIVE$249,000
122 Elm Avenue 9, Long Beach, California 90802
0Bed
1Bath
380Sqft
5,056Lot
Year Built
1949
Close
-
List price
$249K
Original List price
$285K
Price/Sqft
$655
HOA
$173.42
Days on market
-
Sold On
-
MLS number
PW25125686
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $249.0K(3th), sqft - 380(3th), beds - undefined(8th), baths - 1(50th).

NEW PRICE IMPROVEMENT . . . Welcome to your serene city escape, tucked into the vibrant tapestry of downtown Long Beach. condominium Unit 9 at Grayson Arms is more than a studio—it’s a portal into the soul of the East Village Arts District, where creativity meets convenience, and history blends with modern energy. Located on the second floor of a classic mid-century building, this bright and airy studio is filled with natural light. Oversized windows frame views of the landscaped courtyard and urban streetscape, setting the mood for mornings with coffee or quiet evenings in. Inside, you’ll find: A spacious walk-in closet + additional mirrored closet A large eat-in kitchen with plentiful cabinetry Newer gas stove, refrigerator, and designer paint A window AC unit and gas wall heater for year-round comfort Mini blinds and updated plumbing fixtures throughout But what truly sets this property apart is its location. Just steps away from the Blue Line Metro, Shoreline Village, Terrace Theater, Pine Ave restaurants, The Pike, art galleries, and boutique cafés—you’re in the creative core of Long Beach. And with ongoing revitalization all around—luxury developments, reimagined public spaces, and expanded dining—you’re not just buying a home; you’re stepping into the future of the city. With a Walk Score of 97, a pet-friendly HOA, on-site laundry, and rental parking nearby, life here is effortless. Whether you’re an artist, investor, or dreamer looking for a place that reflects your vibe, Unit 9 offers charm, connection, and a canvas to create the life you want. Make your mark in East Village.

Price History

Date
Event
Price
10/07/25
Price Change
$249,000-3.9%
09/11/25
Price Change
$259,000-3.9%
08/05/25
$269,500
06/17/25
$285,000
08/24/06
Sold
$115,000
Condition Rating
Fair

Built in 1949, this property shows signs of regular maintenance and some recent updates, such as newer kitchen appliances (gas stove, refrigerator), fresh paint, and updated flooring in the main living areas. However, the bathroom features very dated yellow and green tiles, indicating it has not been extensively renovated in many decades. The heating (gas wall heater) and cooling (window AC unit) systems are also older and less efficient. While move-in ready, the property requires significant cosmetic and functional updates, particularly in the bathroom, to meet current standards and appeal.
Pros & Cons

Pros

Prime Downtown Location & Walkability: Located in the vibrant East Village Arts District of downtown Long Beach with an exceptional Walk Score of 97, offering immediate access to metro, dining, entertainment, and cultural attractions.
Significant Price Reduction: Recently underwent multiple price improvements, dropping from $285,000 to $249,000, indicating a motivated seller and potential for a competitive purchase.
Updated Interior Features: Features a bright and airy studio with a large eat-in kitchen, newer appliances (gas stove, refrigerator), designer paint, and updated plumbing fixtures.
Pet-Friendly HOA & Amenities: Benefits from a pet-friendly HOA and on-site laundry facilities, enhancing convenience for residents.
Investment Potential in Revitalizing Area: Situated in an area undergoing significant revitalization with new luxury developments and expanded dining, offering strong future appreciation potential.

Cons

Studio Configuration & Small Size: As a studio unit with only 380 sqft, it caters to a niche market and may not appeal to buyers seeking more living space or separate rooms.
Lack of Dedicated Parking: The property does not include dedicated parking, requiring residents to rely on nearby rental parking, which can be an added expense and inconvenience.
Window AC Unit: While providing comfort, the reliance on a window AC unit rather than central air conditioning might be less desirable for some buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state