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5585 E Pacific Coast Hwy 342, Long Beach, California 90804, Long Beach, 90804 - 1 bed, 1 bath

5585 E Pacific Coast Hwy 342, Long Beach, California 90804 home-pic-0
ACTIVE UNDER CONTRACT$325,000
5585 E Pacific Coast Hwy 342, Long Beach, California 90804
1Bed
1Bath
597Sqft
147,503Lot
Year Built
1970
Close
-
List price
$325K
Original List price
$345K
Price/Sqft
$544
HOA
$422
Days on market
-
Sold On
-
MLS number
PW25216243
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Spa
ViewMountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $325.0K(11th), sqft - 597(19th), beds - 1(19th), baths - 1(26th).

Welcome to Park Ocean, a highly desirable community offering resort-style amenities and a convenient Long Beach location. This 1 bedroom, 1 bath condo is tucked away in the back of the complex, providing a quiet and peaceful setting with some views of the mountains. Inside, you’ll find updated flooring, a refreshed kitchen, and a nicely updated bathroom. The open layout is bright and comfortable, perfect for both relaxing and entertaining. The Park Ocean community features a pool, spa, BBQ area, full gym, and an updated community recreation room that is perfect for gatherings. One assigned parking space is included. Ideally located very close to CSULB, the beach, shopping, dining, and freeways, this home combines comfort and convenience in one.

Nearby schools

10/10
Gant Elementary School
Public,•K-5•1.0mi
9/10
Lowell Elementary School
Public,•K-5•1.0mi
7/10
Rogers Middle School
Public,•6-8•0.8mi
7/10
Stanford Middle School
Public,•6-8•1.6mi
6/10
Wilson High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
11/20/25
Price Change
$325,000-3.0%
10/28/25
Price Change
$335,000-2.9%
09/12/25
Listing
$345,000
02/13/04
Sold
$169,000
10/18/01
Sold
$89,000
09/25/98
Sold
$69,000
Condition Rating
Fair
Built in 1970, this condo has received some positive updates including new flooring, a modern bathroom vanity, and updated stainless steel kitchen appliances. However, the kitchen's wood cabinets and countertops retain a dated style, and the presence of popcorn ceilings throughout the unit, along with a window AC unit instead of central cooling, indicate that the property has not undergone a full, extensive modern renovation. It is well-maintained and move-in ready, but shows its age in several key aesthetic and functional areas.
Pros & Cons

Pros

Great Schools: Elementary School: Gant Elementary School (10/10).
Resort-Style Community Amenities: The Park Ocean community offers a pool, spa, BBQ area, full gym, and an updated recreation room, providing a desirable lifestyle for residents.
Prime Long Beach Location: Conveniently situated very close to CSULB, the beach, shopping, dining, and major freeways, enhancing accessibility and lifestyle.
Updated Interior Finishes: The condo features updated flooring, a refreshed kitchen, and a nicely updated bathroom, offering a move-in ready and modern living space.
Quiet & Peaceful Setting: Positioned at the back of the complex, the unit provides a tranquil living environment away from potential noise.
Mountain Views: The property offers some views of the mountains, adding an aesthetic appeal to the living experience.

Cons

Compact Living Space: With only 1 bedroom, 1 bathroom, and 597 sqft, the unit offers limited space, potentially restricting its appeal to a broader buyer pool.
High Monthly Association Fees: The $422 monthly association fee is substantial for a unit of this size and bedroom count, impacting affordability and overall cost of ownership.
Recent Price Reductions: Multiple price drops from the initial listing suggest potential overpricing or challenges in attracting buyers at previous price points, which could affect perceived value.

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