505 Panama Avenue, Long Beach, California 90814, Long Beach, 90814 - 3 bed, 3 bath

505 Panama Avenue, Long Beach, California 90814 home-pic-0
ACTIVE UNDER CONTRACT$1,625,000
505 Panama Avenue, Long Beach, California 90814
3Beds
3Baths
1,626Sqft
6,406Lot
Year Built
1950
Close
-
List price
$1.63M
Original List price
$1.63M
Price/Sqft
$999
HOA
-
Days on market
-
Sold On
-
MLS number
25622159
Home ConditionGood
Features
Good View:
Patio
View

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.62M(69th), sqft - 1626(50th), beds - 3(50th), baths - 3(58th).

Experience the best of the Southern California lifestyle at 505 Panama Ave, a beautifully maintained single-level California bungalow set along one of Alamitos Heights' most picturesque and established residential streets. A welcoming front porch leads into a bright living space filled with natural light and warm hardwood floors, creating an immediate sense of ease and comfort. The layout is ideal with the living area at the front, bedrooms centered for privacy and the kitchen and dining area positioned at the back with direct access to the backyard. Both the primary suite and the dining room open to the outdoor space, creating a calm and connected indoor-outdoor flow that works beautifully for everyday living. The backyard is private and serene with fruit-bearing trees that add character and a relaxed garden feel. Updates include dual-pane windows installed in 2022, a tankless water heater, an EV charger that remains with the home and owned solar panels that provide long-term efficiency. Front door has August Smart Lock and can be opened by keypad or phone/app. Home is also wired with Google Home Cameras and ADT Security System. This coastal corridor location offers access to some of Long Beach's most loved outdoor spaces along with exciting improvements underway nearby. Marine Stadium, just moments from the home, is set to host events for the upcoming Olympics. The in-progress Colorado Lagoon Open Channel Project is enhancing tidal flow and expanding shoreline pathways, creating an even more dynamic outdoor environment just blocks away. Nearby highlights include Marina Vista Park, Colorado Lagoon, Recreation Park Golf Course, Wilson High School and the Pete Archer Rowing Center. Neighborhood favorites are just steps away, such as the Wednesday Farmer's Market and Concerts in the Park which add to the community feel. Highly regarded schools, proximity to Cal State Long Beach, Belmont Shore amenities and convenient freeway access round out the appeal. A rare single-level opportunity in a coveted coastal neighborhood with charm, thoughtful updates and exceptional access to Long Beach's best outdoor amenities.

Nearby schools

9/10
Lowell Elementary School
Public,K-50.6mi
7/10
Rogers Middle School
Public,6-80.4mi
6/10
Wilson High School
Public,9-120.8mi

Price History

Date
Event
Price
11/25/25
Listing
$1,625,000
12/29/21
Sold
$1,550,000
01/24/06
Sold
$750,000
Condition Rating
Good

Built in 1950, this property has undergone extensive and thoughtful modern upgrades, making it move-in ready. Key updates include dual-pane windows installed in 2022, a tankless water heater, owned solar panels, and smart home features, indicating significant investment within the last 5-15 years. The kitchen features modern white shaker cabinets, dark countertops, and a subway tile backsplash, with clean white appliances that are functional but not top-tier stainless steel. The main bathroom is very modern, boasting a double vanity with a marble-look counter, a backlit mirror, and a walk-in shower with contemporary black fixtures and subway tile. Hardwood floors are well-maintained throughout most living areas. While the property lacks central air conditioning, which is a notable comfort factor in Southern California, and the kitchen appliances are not high-end, the overall condition, recent major system updates, and modern aesthetic in key areas place it firmly in the 'Good' category.
Pros & Cons

Pros

Great Schools: Elementary School: Lowell Elementary School (9/10).
Exceptional Coastal Location & Lifestyle: Situated in the coveted Alamitos Heights neighborhood, the property offers unparalleled access to Long Beach's best outdoor amenities, including Marine Stadium (upcoming Olympic events), Colorado Lagoon, Marina Vista Park, and community events like the Farmer's Market and Concerts in the Park, fostering a vibrant Southern California lifestyle.
Extensive Modern Upgrades & Smart Home Integration: The home boasts significant recent updates including dual-pane windows (2022), a tankless water heater, owned solar panels, an EV charger, and integrated smart home security features like an August Smart Lock, Google Home Cameras, and an ADT Security System, enhancing efficiency, convenience, and peace of mind.
Desirable Single-Level Layout with Seamless Indoor-Outdoor Flow: A rare single-level California bungalow featuring an ideal layout where both the primary suite and dining room open directly to a private and serene backyard with fruit-bearing trees, creating a calm and connected indoor-outdoor living experience perfect for everyday enjoyment.
Charming & Well-Maintained Property: This beautifully maintained California bungalow retains its classic charm with warm hardwood floors and a welcoming front porch, offering immediate comfort and aesthetic appeal in an established residential setting.
Proximity to Highly-Rated Schools & Community Amenities: The property is located near highly regarded schools (Lowell Elementary, Rogers Middle, Wilson High) and within steps of local community favorites, contributing to a strong neighborhood feel and making it attractive for families.

Cons

Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback for comfort during warmer months in Southern California, potentially requiring future installation by a new owner.
Age of Property (Potential for Systemic Wear): Built in 1950, despite thoughtful updates, the underlying infrastructure (e.g., plumbing, electrical beyond specific smart home additions) may be original or older, potentially requiring future maintenance or upgrades not explicitly covered by the listed improvements.
Limited Interior Space for 3 Baths: With 1626 square feet and 3 bathrooms, some of the living spaces or individual bathrooms might be smaller than expected by buyers seeking more expansive rooms, or one of the bathrooms might be a half-bath, impacting overall spaciousness.

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