5585 E Pacific Coast Highway 340, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath

5585 E Pacific Coast Highway 340, Long Beach, California 90804 home-pic-0
ACTIVE$329,000
5585 E Pacific Coast Highway 340, Long Beach, California 90804
1Bed
1Bath
597Sqft
147,503Lot
Year Built
1970
Close
-
List price
$329K
Original List price
$399K
Price/Sqft
$551
HOA
$442.63
Days on market
-
Sold On
-
MLS number
25577973
Home ConditionGood
Features
Pool
Spa
View

About this home

We found 3 Cons,6 Pros. Rank: price - $329.0K(11th), sqft - 597(19th), beds - 1(19th), baths - 1(26th).

Huge Price Reduction! Top-floor corner unit condo in a prime Long Beach location! Don't miss this rare opportunity to own a bright and private one-bedroom condo in the highly desirable Park Ocean community. This top-floor, corner unit offers exceptional privacy. There are no other front doors to other units in the hallway, making it a quiet and peaceful retreat. Featuring 597 square feet of well-designed living space, this VA-approved unit is move-in ready and ideally located for both convenience and comfort. Just minutes from major freeways, Cal State Long Beach (CSULB), the VA Hospital, Belmont Shore, and the ocean, you'll have easy access to everything Long Beach has to offer. Step into a welcoming entryway that opens to a sun-drenched living area. The open-concept kitchen flows effortlessly into the spacious living room, where a large window showcases tranquil views. The generously sized bedroom also offers peaceful outlooks, making it the perfect place to unwind. Private secure parking space with storage above. Building offers a pool, spa, tennis court, exercise room, bbq area, and rec room. Whether you're a first-time buyer, student, owner-occupant, or investor, this is a fantastic opportunity to own in one of Long Beach's most sought-after communities.

Nearby schools

10/10
Gant Elementary School
Public,K-51.0mi
9/10
Lowell Elementary School
Public,K-51.0mi
7/10
Rogers Middle School
Public,6-80.8mi
7/10
Stanford Middle School
Public,6-81.6mi
6/10
Wilson High School
Public,9-121.1mi

Price History

Date
Event
Price
12/04/25
Price Change
$329,000-10.8%
09/11/25
Price Change
$369,000-7.5%
08/14/25
Listing
$399,000
06/18/03
Sold
$142,000
06/30/99
Sold
$65,000
Condition Rating
Good

While the building was constructed in 1970, the unit itself appears to have undergone a significant renovation within the last 5-15 years, aligning with the 'Good' score criteria. The kitchen features modern stainless steel appliances, granite countertops, and updated pendant and recessed lighting. The cabinets are light wood and in good condition. Consistent tile flooring runs throughout the main living areas, and the walls are freshly painted, indicating a 'move-in ready' condition with no immediate renovations required. Although no bathroom images were provided, the overall presentation of the unit suggests a well-maintained and updated interior.
Pros & Cons

Pros

Great Schools: Elementary School: Gant Elementary School (10/10).
Exceptional Location & Accessibility: Prime Long Beach location, minutes from major freeways, CSULB, VA Hospital, Belmont Shore, and the ocean, offering convenience and high desirability.
Extensive Community Amenities: The Park Ocean community provides a pool, spa, tennis court, exercise room, BBQ area, and rec room, significantly enhancing lifestyle and property value.
Private Top-Floor Corner Unit: As a top-floor corner unit with no other front doors in the hallway, it offers superior privacy, quietness, and potentially better natural light and views.
Significant Price Reduction & VA Approval: A substantial price reduction from the original listing price presents a strong value proposition, further enhanced by its VA-approved status, broadening the buyer pool.
Move-in Ready with Bright, Open Layout: Features a sun-drenched, open-concept living area with tranquil views, a generously sized bedroom, and is move-in ready, including a private secure parking space with storage.

Cons

Compact Living Space: At 597 square feet, the one-bedroom unit offers limited living space, which may not suit all buyer needs or preferences for spaciousness.
High Monthly Association Fees: The $442.63 monthly association fee is relatively high for a unit of this size and bedroom count, impacting overall affordability and cash flow for owners.
Building Age: Constructed in 1970, the building is over 50 years old, which could imply potential for future maintenance issues, special assessments, or dated infrastructure in common areas.

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