ActiveResidential · sale

850 E Ocean Boulevard 205

Long Beach, CA 90802

$1,249,999

  • 2 beds
  • 2 baths
  • 1,399 sq ft
  • 1.59 acres
  • Built 1992

Listed by Vista Sotheby's Int'l Realty · MLS #PW26148696

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850 E Ocean Boulevard 205, Long Beach, CA 90802 · MLS #PW26148696

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1992.

Garage parking

2 garage spaces listed.

Property size

1.59 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Paradise, The Iconic Oceanfront Luxury Playground! For the famed and wealthy in the 1920's as The Pacific club reinvented and rebuilt in 1998 as the Pacific Condominiums carrying its signature of luxury for a chosen few, maintains its title as the leading luxury oceanfront compound on Long Beach coastline & beyond. Curated for those seeking the extraordinary lifestyle living with amenities qualified for Royalty. Embrace a lifestyle dreamed about in the coveted 05 corner unit-the highest sought stack rarely available-with wrap around unobstructed views through glass walls of floor to ceiling windows of the Pacific Ocean & the Long Beach coastline to Newport Beach. This extraordinarily unique oceanfront home recently curated & updated by designer Charles Provenzano, Jr., 5 stories up from the sand is simultaneously exhilarating & interactive. Enter 205 with formal entry and 1399 sf, 2 bed & 2 baths, sprawling living & dining space for entertaining with sliders to the balcony with direct views of the Pacific Ocean, iconic Queen Mary, Harbor, Palos Verdes & coastline to Newport Beach. The uniquely designed kitchen is perfect for those that enjoy the art of cooking with a brand-new stainless-steel dishwasher, updated stain-less oven, micro-wave and refrigerator, refinished cabinets in luxury lacquer in sumptuous pink, champaign handles & faucet, allowing conversation with guests with ocean view to formal dining & breakfast bar. Walls painted in luxurious white & regal Westhaven with updated water-heater, sensual new lighting, remote window coverings for this Fairmont-like home. The Pacific with the most breathtaking and dramatic lobby entrance, second to none, sets the tone for this luxury lifestyle and reminiscent of its predecessor and namesake the Iconic Pacific Club of the 1920's. The community library remodeled with luxury sofas for enjoyment with game room & attached full kitchen allow for lavish party rental opportunities that will leave your guests spellbound with the Pacific Ocean as a backdrop. Other Amenities which include internet, 24/7 Concierge, secured building, lap pool, jacuzzi, lounging sofa's, barbecues, gym & sauna, grassy lounge area with firepit, barbecue, umbrella tables & a beach club in a secured setting with view, direct access to the Pacific Ocean, bike path which leads to Gaucho Grill & Pike Stores. Opportunity is knocking!

Information deemed reliable but not guaranteed by listing broker/agent. Buyer responsibility to investigate.

THE NEIGHBORHOOD

Explore the location.

850 E Ocean Boulevard 205, Long Beach, CA 90802

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1992
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,ElectricCooktop,ElectricOven,IceMaker,Refrigerator,RangeHood,SelfCleaningOven,WaterToRefrigerator,WaterHeater,Dryer,Washer
Flooring
Carpet,Tile
Utilities
CableAvailable,ElectricityConnected,SewerConnected,WaterConnected
Fencing
WroughtIron
Accessibility
None
Pool
No
Pool features
Community,Fenced,ElectricHeat,Heated,Association
Spa
Yes
Subdivision
Alamitos Beach (AB)
Zoning
LBPD5
Parcel
7265022008
HOA
The Pacific
HOA amenities
BilliardRoom,CallForRules,ControlledAccess,FitnessCenter,FirePit,MaintenanceGrounds,HotWater,MeetingRoom,Management,MeetingBanquetPartyRoom,MaintenanceFrontYard,Barbecue,PicnicArea,Pool,PetRestrictions,PetsAllowed,RecreationRoom,Sauna,SpaHotTub,Trash,Water
HOA fee frequency
Monthly
HOA fee
$1,335.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,208.33
Cap rate

Annual operating income:

HOA: Includes $1,335.00 per month in HOA dues, converted from the $1,335.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

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  2. Make a strong first impression.

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  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #PW26148696 · California Regional MLS

Listing brokerage: Vista Sotheby's Int'l Realty
Listing agent: Charles Provenzano

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.