tomo logo

$345,000

Beds
Unknown
Baths
1.0
sq ft
469

360 W Ocean Blvd Unit 504, Long Beach, CA 90802

360 W Ocean Blvd Unit 504

Long Beach, CA 90802

  • 72 days on market
    • Price drop $4,988↓
Welcome to your charming studio in the heart of Downtown Long Beach! Located in the historic Sovereign building, this cozy yet spacious studio offers a unique living experience. The kitchen features modern appliances & was recently updated. The bathroom is well-appointed and includes a shower/tub combo for your convenience. Additionally, the building offers amenities such as an atrium, communal laundry facilities, and a rooftop deck where you can unwind and enjoy stunning panoramic views of the city skyline, the historic Queen Mary, and beautiful ocean views. Don't miss this opportunity to make this studio your new home sweet home in one of Long Beach's most desirable neighborhoods! Come experience the charm and convenience of downtown living for yourself, it won't last long!

Details

Property type

Condominium

Est. home value

$331,394

Lot size

7,371 sq ft

Price per sq ft

$736

Year built

1922

Monthly HOA fee

$340

Price History

06/10/2024
CRMLS

CRMLS #MB24069311

Price change
$345,000
-1.43%
04/22/2024
CRMLS

CRMLS #MB24069311

Listed
$349,988
+2.94%
04/21/2023
CRMLS

CRMLS #OC23029717

Sold
$340,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Chavez

Middle school: 

Washington

High school: 

Cabrillo

Community features: 

Street Lights

High school district: 

Long Beach Unified

Number of units in community: 

94

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$51,004
Asking price
$345,000
Closing costs (~8% of asking)
-$27,600
Est. remaining loan balance
-$266,396
Cash to seller
$51,004

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2023

Original loan amount

$270,480

Est. remaining balance

$266,396

Interest rate

6.13%

Loan type

New Conventional, 30 year

Seller

Melissa Merriweather

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 12:00 PM

Listing updated: 06/30/2024 at 3:43 PM

Listed by: JENNIFER HO, EXCELLENCE RE REAL ESTATE Phone #: (562) 948-4553

MLS: CRMLS #MB24069311

CRMLS logo

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