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1187 East 3rd, 202, Long Beach, CA 90802

$500K2bd · 2ba · 1,056 sqft
Lot 25,055 sqft•HOA $475/mo•Condominium•
Active
•145d on market•MLS# PW-26106813

Property Description

PRICE IMPROVED - VA LOAN APPROVED AND FHA SPOT APPROVAL POSSIBLE. Charming 2-Bedroom Corner Condo in Prime Long Beach – Just Minutes from the Ocean! Welcome home to this bright and inviting 2-bedroom, 1¾-bathroom condo in the heart of Long Beach. Offering 1,056 square feet of comfortable living space, this freshly updated corner unit feels like a true retreat with an abundance of natural light streaming through generous windows. You’ll love the thoughtful updates throughout: beautiful new carpet, wood floors, fresh interior paint, and stylish new bathroom vanities that give the home a clean, modern feel. The spacious layout is enhanced by two covered patios—perfect for morning coffee, evening relaxation, or entertaining friends while enjoying the coastal breeze. Radiant ceiling heating keeps the home warm and cozy year-round without the dryness of forced air. The kitchen is fully equipped with a dishwasher, refrigerator, and electric stove, making everyday living effortless. Community laundry facilities conveniently located on the same floor, and your own assigned underground parking space. Additional parking available for a small fee. Location is everything—you’re just minutes from the sand and surf, vibrant Downtown Long Beach, fantastic restaurants, shopping, and entertainment. Whether you enjoy beach walks, waterfront dining, or exploring the city, this home puts it all right at your fingertips. This corner condo offers the perfect blend of comfort, convenience, and coastal California living. Don’t miss your opportunity to make it yours!

Features & Amenities

FeeBuilt 1969

Property Details

Land Type
Fee
Year Built
1969
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Radiant
Cooling
None
View
None
Flooring
Vinyl, Carpet, Tile
City
Long Beach
Zip Code
90802
County
Los Angeles
Listed byUnknown Office, Randolph Catalano

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,528.27
Principal & Interest
Loan Amount
$399,999
Total Interest
$510,177
Total Payment Over 30 Years
$910,176
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

1187 East 3rd, 202, Long Beach, CA 90802

Long Beach · Condominium

$500K
Affordable Tier
Beds
2
Baths
2
Sqft
1,056
Lot
25,055 sqft
Year
1969
$/Sqft
$473
Pool: No✓
View: None✓
Garage: 1-car✓

Listed 28.6% below the median closed sale of $700,000. Price per sqft ($473) is a 32% discount to closed comps ($698).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $500K· $473/sqft
Total list price
Closed comps
vs closed median $700K
−$200K (−28.6%)
Active comps
vs active median $380K
+$120K (+31.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $488
−$15 (−3.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2925 Spaulding StreetLong Beach1987228200$445$365,000185
230 Linden AvenueLong Beach1966228287,571$506$419,0005384
2332 17thLong Beach19852279716,905$477$379,9998883
3565 Linden AvenueLong Beach19732279483,468$567$450,0008582
527 Cedar AvenueLong Beach19612180915,006$445$360,0007881
Total: 5 · Average2.01.8809.630,737.5$488$394,799.861
Median809$379,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
383 Bay ShoreLong Beach196510/07/20262299524,717$1.09M$1.07M$1,0800.982897
700 Ocean BoulevardLong Beach196510/05/2026221,08033,204$650,000$625,000$5790.9610896
1919 Beverly WayLong Beach198210/08/2026221,0140$525,000$520,000$5130.996594
2772 2nd StreetLong Beach196410/09/2026221,05815,152$749,000$735,000$6950.989293
100 Loma AvenueLong Beach197110/06/2026221,1246,692$685,000$700,000$6231.026692
Total: 5 · Average2.02.01,054.219,941.25$731,000$731,000$698—71.8
Median1,058$700,000$700,000

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.