$685,000
$725,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
360 W Ocean BLVD #507&508 Long Beach, CA 90802
3 Beds
2 Baths
1,766 SqFt
Key Details
Sold Price $685,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,766 sqft
Price per Sqft $387
Subdivision Downtown (Dt)
MLS Listing ID OC21027005
Sold Date 08/03/21
Bedrooms 3
Full Baths 2
Condo Fees $832
Construction Status Additions/Alterations,Repairs Cosmetic
HOA Fees $832/mo
HOA Y/N Yes
Year Built 1922
Lot Size 7,405 Sqft
Property Description
Smoking hot deal alert! Prior to introducing this property, please note that the most recent sales in building have been at: $642, 629, 567, 554, & 529 per square foot. We are listed at $410 sq.ft. This is a super unique and rare opportunity. This includes two of the corner units. The most recent sale of a corner unit was #908 at $540,000. In our offering, you get unit #508 which is a model match, plus an entirely additional bonus condo of #507 for only $185,000 more!!! $725,000 includes two stand alone units for barely more than the price of one.
Please read description carefully. This is a package of two condos (#507 = 777 sq.ft & #508 = 951 sq.ft + 38 sq.ft vestibule deeded to parcel) that were merged on title decades ago into a single APN. There is a process through city of Long Beach/Department of RE that an owner can go through to legally obtain two separate APN's again, and make the two units legally separate. They are physically separate now and occupied by two separate occupants so it's a good opportunity for two buyers to go in on together as partners (Tenants in Common loans available for two separate borrowers purchasing together) and keep the legal description as is. The location within the building is excellent, with beautiful views of the vibrant downtown area. You're smack dab in the middle of all the action in a building with great character and style. This is a great value when compared to neighboring condos selling for a much higher price per square foot. Both 507 and 508 are located on a corner of the building, with windows on two sides of each unit bringing in great natural light. The building offers a top floor common room with phenomenal views of the ocean and Queen Mary. Walk out the door to great dining and entertainment from your wise investment in the middle of a downtown that is undergoing massive transformation. This makes a solid long term investment. Parking is available in adjacent structure at affordable monthly rate.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD6
Rooms
Main Level Bedrooms 3
Interior
Interior Features Balcony, Elevator, Open Floorplan
Heating None, See Remarks
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry Common Area
Exterior
Parking Features None
Fence None
Pool None
Community Features Biking, Curbs, Fishing, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Clubhouse, Controlled Access, Meeting Room, Recreation Room
Waterfront Description Across the Road from Lake/Ocean,Ocean Access
View Y/N Yes
View Bridge(s), City Lights, Pool
Roof Type Other
Accessibility No Stairs
Porch Terrace
Private Pool No
Building
Lot Description Corner Lot
Faces Southwest
Story One
Entry Level One
Foundation Permanent
Sewer Unknown
Water Other
Architectural Style French, Traditional, Victorian
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Repairs Cosmetic
Schools
School District Long Beach Unified
Others
HOA Name Sovereign
Senior Community No
Tax ID 7278005087
Security Features Key Card Entry,Resident Manager
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Charles Cooper • New Age Realty