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50 Elm Ave 4, Long Beach, CA 90802

List Price: $385,000On Market FlagOn market
Oct 8, 2024713 sqft1 beds1 baths
Listed by: Jack Nendel
License #: 01398315
Phone #: 562-754-9941
RE/MAX Platinum Realty
Source:
CRMLS Logo
MLS #: SW24207014

Property Description

BACK ON THE MARKET-BUYER COULDN'T PERFORM. MAJOR PRICE IMPROVEMENT. Welcome to the Beach Life when you reside in this one bedroom condo (eligible for FHA spot approval) in the East Arts Village District in thriving downtown Long Beach. The walkscore from your new home is 96 which gives you easy access to Pine Avenue, The Pike, museums, dining, Aquarium and other venues at the waterfront and the METRO to downtown LA and points beyond. The condo is located in the smaller Orleans complex, an undiscovered gem, which consists of twelve units. This lower unit has a large living room with a newer bay window providing great natural light and enjoyable courtyard views. The spacious fully equipped kitchen includes beautiful hickory cabinets, a writing desk, some other original features and a large, annexed dining area. The bedroom has two closets and there is a separate closet, adjacent to the beautiful bathroom, which contains a stackable laundry. Low monthly HOA dues are only $293 (or $.41 per square foot) which makes this a very affordable alternative home to most the condos on Ocean Blvd (one half block away) which have HOA dues as high as $1.00 per square foot. The complex has earthquake insurance. The HOA has STRONG financial reserves. Monthly parking is available @ the adjacent Chase bank for $100. Some of the photos are virtually staged. Don't miss this opportunity to enjoy the beach life in downtown Long Beach.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,637

TurboHome Estimated Value

$380,400

$534 sqft

High Valuation
$399,420
$560/sqft
Normal Valuation
$380,400
$534/sqft
Low Valuation
$361,380
$507/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$534/sqft$380,400

Neighborhood: Downtown

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Comparative Value

$365K

$380K

$445K

$488K

455 E Ocean Blvd 711, Long Beach, CA 90802

Sale Price: $365,000

Selected Comparable

455 E Ocean Blvd 1204, Long Beach, CA 90802

Sale Price: $380,000

Selected Comparable

50 Elm Ave 4, Long Beach, CA 90802

List Price: $385,000

Subject Property

488 E Ocean Blvd 1106, Long Beach, CA 90802

Sale Price: $445,000

Selected Comparable

488 E Ocean Blvd 1111, Long Beach, CA 90802

Sale Price: $450,000

Selected Comparable

35 Linden Ave 410, Long Beach, CA 90802

Sale Price: $487,500

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
50 Elm Ave 4, Long Beach, CA 90802

50 Elm Ave 4, Long Beach, CA 90802

List: $385,000

Listed: 10/8/2024

Area:713 sqft
Price/sqft:$540
Beds:1
Baths:1
Year Built:
Lot Size:7,477

Comparable Properties

COMPARABLE
Choose comps
488 E Ocean Blvd 1106, Long Beach, CA 90802

488 E Ocean Blvd 1106, Long Beach, CA 90802

Sale: $445,000

7/24/20250.10 mi

Area:680 sqft
Price/sqft:$654
Beds:1
Baths:1
Year Built:
Weight:20.9%
455 E Ocean Blvd 711, Long Beach, CA 90802

455 E Ocean Blvd 711, Long Beach, CA 90802

Sale: $365,000

7/23/20250.06 mi

Area:805 sqft
Price/sqft:$453
Beds:1
Baths:1
Year Built:
Weight:19.8%
488 E Ocean Blvd 1111, Long Beach, CA 90802

488 E Ocean Blvd 1111, Long Beach, CA 90802

Sale: $450,000

4/23/20250.10 mi

Area:680 sqft
Price/sqft:$662
Beds:1
Baths:1
Year Built:
Weight:19.8%
455 E Ocean Blvd 1204, Long Beach, CA 90802

455 E Ocean Blvd 1204, Long Beach, CA 90802

Sale: $380,000

5/7/20250.06 mi

Area:664 sqft
Price/sqft:$572
Beds:1
Baths:1
Year Built:
Weight:19.8%
35 Linden Ave 410, Long Beach, CA 90802

35 Linden Ave 410, Long Beach, CA 90802

Sale: $487,500

2/28/20250.03 mi

Area:747 sqft
Price/sqft:$653
Beds:1
Baths:1
Year Built:
Weight:19.6%

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