View from balcony at sunset
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488 East Ocean, 1518, Long Beach, CA 90802

$649K2bd · 2ba · 950 sqft
Lot 120,506 sqft•HOA $559.04/mo•Condominium•
Active
•185d on market•MLS# PW-26061367

Property Description

Highly Motivated seller of this stunning, fully upgraded and move-in-ready condo in the vibrant heart of downtown Long Beach. Thoughtfully designed with modern elegance in mind, this home features brand-new California custom closets, sleek new flooring throughout, and beautifully renovated bathrooms with custom primary bathroom shower with 3 shower heads and a toto toilet and contemporary finishes. The kitchen is equipped with all-new appliances, new kitchen remodel with new cabinets and counter tops offering both style and functionality. Perfectly situated just moments from the coast, this home is within walking distance to the beach, the Aquarium of the Pacific, and the iconic Queen Mary. As an added bonus, enjoy the excitement of the annual LBGP Long Beach Grand Prix race in April. Also walking distance from many restaurants and right next door to the Performing Arts Center.

Features & Amenities

FeeBuilt 2004

Property Details

Land Type
Fee
Year Built
2004
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
City Lights, Courtyard, Ocean, Panoramic
Flooring
Laminate, Tile
City
Long Beach
Zip Code
90802
County
Los Angeles
Listed byKeller Williams Realty, Martha Morales

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,281.70
Principal & Interest
Loan Amount
$519,200
Total Interest
$662,211
Total Payment Over 30 Years
$1,181,411
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

488 East Ocean, 1518, Long Beach, CA 90802

Long Beach · Condominium

$649K
Affordable Tier
Beds
2
Baths
2
Sqft
950
Lot
2.77 ac
Year
2004
$/Sqft
$683
Pool: Yes✓
Spa: Yes✓
View: city✓

Listed 24.8% above the median closed sale of $520,000. Price per sqft ($683) is a 34% premium to closed comps ($508).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $649K· $683/sqft
Total list price
Closed comps
vs closed median $520K
+$129K (+24.8%)
Active comps
vs active median $449K
+$200K (+44.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $628
+$55 (+8.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
488 OceanLong Beach200411680120,506$735$499,500381
388 Ocean BoulevardLong Beach200411680120,506$691$470,0006080
1140 MolinoLong Beach19872268011,737$660$449,0004676
1168 10thLong Beach19882269014,455$500$345,00010071
550 Orange AvenueLong Beach19851168695,356$552$379,0005470
Total: 5 · Average1.41.4683.272,512$627.6$428,50052.6
Median680$449,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
550 OrangeLong Beach198509/24/20262293095,356$525,000$520,000$5590.994787
133 The PromenadeLong Beach200610/01/2026221,10060,230$619,000$600,000$5450.976287
1775 Ohio AvenueLong Beach199310/09/2026221,01947,562$499,000$492,300$4830.9913486
1919 Beverly WayLong Beach198210/08/2026221,0140$525,000$520,000$5130.996584
5500 Ackerfield AveLong Beach196809/25/202622943172,811$439,000$415,000$4400.943079
Total: 5 · Average2.02.01,001.293,989.75$509,460$509,460$508—67.6
Median1,014$520,000$520,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.