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800 E Ocean Boulevard 1505, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

800 E Ocean Boulevard 1505, Long Beach, California 90802 home-pic-0
ACTIVE$938,888
800 E Ocean Boulevard 1505, Long Beach, California 90802
2Beds
2Baths
1,091Sqft
51,693Lot
Year Built
1928
Close
-
List price
$939K
Original List price
$959K
Price/Sqft
$861
HOA
$1,337
Days on market
-
Sold On
-
MLS number
PW25147328
Home ConditionExcellent
Features
Excellent View: Catalina, Ocean, Panoramic, Water
ViewCatalina, Ocean, Panoramic, Water

About this home

We found 3 Cons,5 Pros. Rank: price - $938.9K(88th), sqft - 1091(75th), beds - 2(50th), baths - 2(52th).

PRICE IMPROVEMENT! Over $8200 Tax Savings!! This Historic Exquisite & Stunning Penthouse-level 2 bed, 2 bath property offers nearly 12-foot ceilings and Sweeping Ocean Views. Once two units, now combined. Currently used as a One Bedroom and Den has been upgraded with Brazilian Mahogany wood floors and well-appointed lighting and ambiance, newer upscale cabinets, stainless steel appliances and granite counters. The stunning top of the world ocean views can be seen from every room. The primary bedroom can be separated to create an efficiency unit and has been used in the past as its own suite and can be leased. This space features a Murphy bed, built-in breakfast bar, kitchen, walk-in closet, and charming deco sink. The iconic Villa Riviera is recognized for its Neo-Gothic design, green copper roof surrounded by Gargoyles, and has received numerous preservation awards. HOA fees cover ALL utilities: Gas, Electric, Hot Water, Water, Heat, cable TV, and internet. The Mills Act benefits from low property taxes (currently assigned at approx. $3700/year- nearly $8200 per year savings- transferred to the new owner the day you close escrow.). Enjoy proximity to East Village, Shoreline Village, Downtown, and a 7-mile bike path. Please ask about the Mills Act Savings, The Parking arrangements through the HOA or other details about this amazing property.

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.5mi
6/10
Burbank Elementary School
Public,•K-5•1.2mi
6/10
Franklin Classical Middle School
Public,•6-8•0.6mi
6/10
Polytechnic High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
11/01/25
Price Change
$938,888-1.0%
09/06/25
Price Change
$948,000-1.1%
07/17/25
Listing
$959,000
04/07/17
Sold
$680,000
07/29/15
Sold
$635,000
01/30/07
Sold
$602,000
08/07/03
Sold
$460,000
04/02/96
Sold
$157,000
Condition Rating
Excellent
Despite being in a historic 1928 building, this penthouse unit has undergone extensive and high-quality renovations. The description highlights 'Brazilian Mahogany wood floors,' 'newer upscale cabinets,' 'stainless steel appliances,' and 'granite counters.' The images confirm these upgrades, showcasing a main kitchen with modern appliances and a very sleek, contemporary second kitchenette. The overall aesthetic is polished and move-in ready, with no visible deferred maintenance. The property meets current quality standards, reflecting a recent and comprehensive renovation.
Pros & Cons

Pros

Panoramic Ocean Views: This penthouse-level property offers sweeping ocean, Catalina, and panoramic water views from every room, significantly enhancing its desirability and value.
Mills Act Tax Savings: Benefiting from the Mills Act, the property boasts significantly reduced annual property taxes (approx. $3700/year, saving $8200 annually), a substantial financial advantage for the new owner.
Historic & Iconic Building: Located in the iconic Villa Riviera, a Neo-Gothic landmark recognized for its architectural beauty and preservation awards, offering unique character and prestige.
All-Inclusive HOA Fees: The HOA fees cover all major utilities including gas, electric, hot water, water, heat, cable TV, and internet, simplifying monthly budgeting for residents.
Flexible Layout & Income Potential: Originally two units, the combined space offers a flexible layout, with the primary bedroom designed to be separated as an efficiency unit for potential rental income.

Cons

Unspecified Parking Arrangements: The listing advises inquiring about parking arrangements through the HOA, which often suggests that parking is not deeded, limited, or may involve additional costs or complexities.
High Monthly HOA Dues: Despite covering all utilities, the monthly HOA fee of $1337.00 is substantial and could be a significant recurring cost for potential buyers.
Recent Price Reductions: The property has undergone two price reductions from its original list price, potentially indicating market resistance or that the initial pricing was too aggressive.

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