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50 Elm Avenue 4, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath

50 Elm Avenue 4, Long Beach, California 90802 home-pic-0
ACTIVE UNDER CONTRACT$364,000
50 Elm Avenue 4, Long Beach, California 90802
1Bed
1Bath
713Sqft
7,466Lot
Year Built
1951
Close
-
List price
$364K
Original List price
$440K
Price/Sqft
$511
HOA
$293
Days on market
-
Sold On
-
MLS number
SW24207014
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $364.0K(21th), sqft - 713(35th), beds - 1(50th), baths - 1(50th).

MAJOR PRICE IMPROVEMENT. Welcome to the Beach Life when you reside in this one bedroom condo (eligible for FHA spot approval) in the East Arts Village District in thriving downtown Long Beach. The walkscore from your new home is 96 which gives you easy access to Pine Avenue, The Pike, museums, dining, Aquarium and other venues at the waterfront and the METRO to downtown LA and points beyond. The condo is located in the smaller Orleans complex, an undiscovered gem, which consists of twelve units. This lower unit has a large living room with a newer bay window providing great natural light and enjoyable courtyard views. The spacious fully equipped kitchen includes beautiful hickory cabinets, a writing desk, some other original features and a large, annexed dining area. The bedroom has two closets and there is a separate closet, adjacent to the beautiful bathroom, which contains a stackable laundry. This condo has one of the only 3 permitted in unit laundries. Low monthly HOA dues are only $307 (or $.43 per square foot) which makes this a very affordable alternative home to most the condos on Ocean Blvd (one half block away) which have HOA dues as high as $1.00 per square foot. The complex has earthquake insurance. The HOA has STRONG financial reserves. Monthly parking is available @ the adjacent Chase bank for $100. Some of the photos are virtually staged. Don't miss this opportunity to enjoy the beach life in downtown Long Beach.

Nearby schools

6/10
Chavez Elementary School
Public,•K-5•0.3mi
7/10
Stevenson Elementary School
Public,•K-5•0.4mi
7/10
International Elementary School
Public,•K-5•0.6mi
5/10
Edison Elementary School
Public,•K-5•0.9mi
7/10
Lincoln Elementary School
Public,•K-5•1.1mi
7/10
Roosevelt Elementary School
Public,•K-5•1.3mi
6/10
Franklin Classical Middle School
Public,•6-8•0.7mi
6/10
Washington Middle School
Public,•6-8•1.3mi
6/10
Polytechnic High School
Public,•9-12•1.4mi
3/10
Cabrillo High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
09/26/25
Price Change
$364,000-5.5%
08/27/25
Price Change
$385,000
10/08/24
Listing
$440,000
Condition Rating
Fair
Built in 1951, this condo is aged but appears to be maintained. The kitchen features dated hickory cabinets and 'original features,' suggesting a lack of recent renovation. The bathroom is notably vintage, with mint green tiles and fixtures characteristic of the 1950s, indicating it has not been updated in over 50 years. While functional, both the kitchen and bathroom are significantly outdated and would require substantial aesthetic renovations to meet modern standards. The property does not show signs of major structural defects or safety issues, aligning with the 'Fair' category's description of a home that is aged but maintained, with functional but outdated major components.
Pros & Cons

Pros

Prime Downtown Location & Walkability: Boasts an exceptional Walk Score of 96 in the vibrant East Arts Village District, offering immediate access to Pine Avenue, The Pike, waterfront attractions, dining, museums, and METRO transit.
Low & Well-Managed HOA: Features significantly lower monthly HOA dues ($307) compared to nearby properties, coupled with strong financial reserves and earthquake insurance, indicating sound management.
In-Unit Laundry: A rare and highly desirable amenity, this unit is one of only three in the complex with permitted in-unit stackable laundry, offering superior convenience.
FHA Eligibility & Value Proposition: Eligible for FHA spot approval, broadening the buyer pool, and benefits from a major price improvement, presenting a compelling value opportunity for buyers.
Charming Interior & Natural Light: A large living room with a newer bay window provides abundant natural light and pleasant courtyard views, complemented by a spacious kitchen with hickory cabinets.

Cons

Off-Site Parking & Additional Cost: Dedicated parking is not included on-site and requires a separate monthly fee ($100) at an adjacent bank, which is an added expense and inconvenience.
Older Building Infrastructure: Constructed in 1951, the building may have older infrastructure and potentially lack modern amenities such as central air conditioning, which could be a consideration for comfort and future upgrades.
Virtually Staged Photos: The use of virtually staged photos in the listing may create unrealistic expectations for buyers regarding the actual appearance and furnishings of the unit upon viewing.

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