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488 East Ocean, 1607, Long Beach, CA 90802

$500K1bd · 1ba · 680 sqft
Lot 120,506 sqft•HOA $555.96/mo•Condominium•
Active
•6d on market•MLS# SB-26216880

Property Description

Enjoy elevated downtown LB living from this high-floor condo at Aqua Towers, where this remodeled 1-bedroom, 1-bath condo on the 16th floor comes with a rare, private 8'x11' storage unit, offered only to select original owners on a first-come, first-served basis when the building was first built. Add a deeded parking space, and you have convenience and extra space that are hard to find in downtown living. Step inside to a bright, tastefully updated interior with newer flooring throughout and a fully remodeled kitchen featuring beautiful quartz countertops and a stylish backsplash. The remodeled bathroom continues the fresh, modern feel, and a side-by-side in-unit washer and dryer adds everyday convenience. Then step out onto your spacious balcony and take in the view. From this height, you'll look out over the downtown Long Beach skyline, with open views to the north toward Hollywood and the mountains. It's the perfect place to start your morning or unwind as the city lights come on. As a resident, you'll enjoy first-class amenities including a fitness center, pool, sauna, hot tub, clubroom for gatherings and private parties, a business center, and outdoor BBQ areas. The 24/7 concierge will check in your packages and greet your guests, and secured parking includes your deeded space plus plenty of guest parking. Your HOA dues also cover high-speed internet, water, trash, sewer, earthquake insurance, common area maintenance, elevators, and 24/7 secured fob access into the building and elevators. Located in the heart of Downtown Long Beach, you're moments from Shoreline Village, the beach, The Pike, the Promenade, and the Terrace Theater, plus fine dining and the rooftop lounge at the Fairmont Breakers Hotel. A rare combination of storage, views, and value, this is high-rise living at its best.

Features & Amenities

FeeBuilt 2004

Property Details

Land Type
Fee
Year Built
2004
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
City Lights, Courtyard, Hills, Mountain(s), Panoramic
City
Long Beach
Zip Code
90802
County
Los Angeles
Listed byUnknown Office, Sam Musallam

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,525.74
Principal & Interest
Loan Amount
$399,600
Total Interest
$509,668
Total Payment Over 30 Years
$909,268
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, 1607, Long Beach, CA 90802

Long Beach · Condominium

$500K
Affordable Tier
Beds
1
Baths
1
Sqft
680
Lot
2.77 ac
Year
2004
$/Sqft
$735
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 1-car✓

Listed 32.3% above the median closed sale of $377,500. Price per sqft ($735) is a 38% premium to closed comps ($533).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $500K· $735/sqft
Total list price
Closed comps
vs closed median $378K
+$122K (+32.3%)
Active comps
vs active median $319K
+$181K (+56.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $622
+$113 (+18.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5050 LindenLong Beach196511555128,038$568$315,000678
3448 HathawayLong Beach199011540220,381$741$399,90011177
2890 ArtesiaLong Beach19721155666,445$574$319,0009075
460 Golden AvenueLong Beach19831149515,988$657$325,0001274
225 6thLong Beach19781155414,356$569$315,00011973
Total: 5 · Average1.01.054089,041.6$621.8$334,78067.6
Median554$319,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
445 6thLong Beach198809/28/20261168022,580$399,000$377,500$5550.956784
838 Pine AvenueLong Beach199809/16/20261177030,359$429,900$438,000$5691.024381
3565 LindenLong Beach197309/14/20261170683,468$364,900$335,000$4750.928881
4700 Clair Del AvenueLong Beach196909/18/202611590143,861$299,900$299,900$5081.006479
552 BellflowerLong Beach197009/30/202611693559,615$399,888$385,000$5560.968278
Total: 5 · Average1.01.0687.8167,976.6$367,080$367,080$532.6—68.8
Median693$377,500$377,500

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.