360 W Ocean Boulevard #507&508

Long Beach, CA 90802

$ 685,000

Price

3

Beds

2

Baths

1,766 Sq. Ft.

$388 / Sq. Ft.

Zillow Price Estimate - $735,204

1074 Days On Market

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The Sovereign Building

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Listing provided by agent Michael Bojorquez BRE# 01273181 at Coldwell Banker Realty.

Last Updated: 968 days ago

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.

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Property Type Condominium
Lot Size 7,371 sq. ft.
Year Built 1922
MLS # OC21027005
Listing Type Closed
Heating See Remarks
Laundry Community
Gated Community No

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Property Details for: 360 W Ocean Boulevard #507&508

Interior Features

Bathroom Information
  • 2 full baths
Laundry Information
  • Community
Interior Features
  • Balcony
  • Elevator
  • Open Floorplan
Heating & Cooling
  • See Remarks

Parking / Garage, Multi-Unit Information, Location Details

Interior Information
  • Balcony
  • Elevator
  • Open Floorplan
Community Features
  • Units in Complex (Total) 94

Exterior Features

Building Information
  • Total Floors: 11

Property / Lot Details

Property Features
  • Bridge(s)
  • City Lights
  • Pool
Lot Information
  • Lot Size (Sq. Ft) 7,371
Property Information
  • Attached
  • Tax Parcel Number: 7278005087

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    Tom Bashe

    Broker Associate

    310-356-6068 Contact Tom Bashe
    Listing provided by agent Michael Bojorquez BRE# 01273181 at Coldwell Banker Realty.

    Last Updated: 968 days ago