(No pictures available yet)
$265,000
Original list price: $25,000
MLS: PW26101651
Beds
0
Baths
1
Sq Ft
490
Lot
0.52 ac
Year Built
1958
MLS #
PW26101651
Days on Market
0
Listed
May 13, 2026
Description
Welcome to the Royal Palms — a retro coastal gem just one block from Ocean in the heart of Downtown Long Beach! This south-facing studio on the 7th floor offers 490 square feet of mid-century character and incredible potential. Built in 1958, this all-electric unit features a space-saving Murphy bed and is ready for your personal vision and finishing touches. Convenient private storage room in community garage. The building has recently undergone a thoughtful upgrade, refreshed with updated interior paint, new flooring, and modernized elevators — with exterior repainting currently underway. A new security fence and call box provide added peace of mind, and on-site Amazon Lockers make everyday life more convenient. Community offers a refreshing pool and is pet friendly. With a Walk Score of 97, you're steps from grocery stores, top-rated restaurants, coffee shops, bakeries, and breweries. Minutes from Alamitos Beach, The Promenade, The Pike, Shoreline Village, the Aquarium of the Pacific, the Queen Mary, the Convention Center, and conveniently located near Long Beach City College and Cal State Long Beach. The building offers parking on a waitlist basis. In the meantime, nearby monthly parking options are available from approx $100-160/mo. Whether as a primary residence, pied-à-terre, or investment opportunity, this is coastal Long Beach living at its most convenient, right in the heart of Downtown....And as an added bonus, this property is located in a census tract that may qualify for $20K down payment assistance and special financing through City National Bank.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Anne Marie Reggie · Y Realty
Payment estimate
$2,184
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $26,500 · Loan: $238,500
- Principal & Interest
- $1,509
- Property tax (1.25%)
- $276
- Homeowners insurance
- $300
- Mortgage insurance
- $99
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down+
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $9,275 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Long Beach, CA 90802 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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