338 Elm Avenue, 7, Long Beach, CA 90802
338 Elm Avenue, 7, Long Beach, CA 90802
Property Description
Welcome to 338 Elm Ave. #7, a fantastic opportunity to own in the vibrant East Village Arts District of Downtown Long Beach. This spacious condominium features an oversized living area filled with natural light from large west-facing picture windows, offering charming peek-a-boo views of the downtown skyline and beautiful afternoon sunsets. The open and inviting floor plan provides plenty of room to relax, entertain, or create the perfect work-from-home space. Location is everything, and this home delivers. Situated just moments from The Promenade, The Pike Outlets, Rainbow Harbor, Shoreline Village, waterfront dining, entertainment, shopping, and public transit, you'll enjoy one of the most walkable and exciting neighborhoods in Long Beach. Whether you're exploring local art galleries, attending community events, or taking a stroll along the waterfront, the best of coastal urban living is right outside your door. Adding to the appeal, the building may qualify for conventional financing, potentially opening the door to more attractive financing options for qualified buyers, though buyers are encouraged to verify financing eligibility with their lender. Combining a desirable Downtown Long Beach location, generous living space, natural light, and exceptional value, this is an opportunity you won't want to miss.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Long Beach · Condominium
Listed 22.1% below the median closed sale of $385,000. Price per sqft ($466) is a 16% discount to closed comps ($557).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 723 6th | Long Beach | 1955 | 1 | 1 | 412 | 7,544 | $619 | $255,000 | 30 | 81 |
| 100 Atlantic | Long Beach | 1958 | 0 | 1 | 490 | 22,568 | $590 | $289,000 | 66 | 81 |
| 325 3rd Street | Long Beach | 1924 | 1 | 1 | 452 | 7,477 | $712 | $322,000 | 69 | 77 |
| 225 6th | Long Beach | 1978 | 1 | 1 | 554 | 14,356 | $569 | $315,000 | 117 | 76 |
| 460 Golden Avenue | Long Beach | 1983 | 1 | 1 | 495 | 15,988 | $657 | $325,000 | 11 | 72 |
| Total: 5 · Average | 0.8 | 1.0 | 480.6 | 13,586.6 | $629.4 | $301,200 | 58.6 | |||
| Median | 490 | $315,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 Cerritos Avenue | Long Beach | 1956 | 10/06/2026 | 1 | 1 | 690 | 7,529 | $339,000 | $339,000 | $491 | 1.00 | 111 | 94 |
| 231 Junipero Avenue | Long Beach | 1956 | 09/10/2026 | 1 | 1 | 593 | 7,421 | $410,000 | $410,000 | $691 | 1.00 | 62 | 91 |
| 100 Atlantic | Long Beach | 1958 | 09/11/2026 | 2 | 1 | 730 | 22,568 | $399,000 | $395,000 | $541 | 0.99 | 38 | 85 |
| 552 Bellflower | Long Beach | 1970 | 09/30/2026 | 1 | 1 | 693 | 559,615 | $399,888 | $385,000 | $556 | 0.96 | 82 | 82 |
| 4700 Clair Del Avenue | Long Beach | 1969 | 09/18/2026 | 1 | 1 | 590 | 143,861 | $299,900 | $299,900 | $508 | 1.00 | 64 | 82 |
| Total: 5 · Average | 1.2 | 1.0 | 659.2 | 148,198.8 | $365,780 | $365,780 | $557.4 | — | 71.4 | ||||
| Median | 690 | $385,000 | $385,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.