1130 E 1st
Long Beach, CA, 90802
$549,000
MLS: PW26020300
Beds
2
Baths
2
Sq Ft
957
Lot
0.19 ac
Year Built
1959
MLS #
PW26020300
Days on Market
77
Listed
Feb 4, 2026
Description
Welcome to your updated downtown delight in vibrant Long Beach! This gem offers 957 sq ft of contemporary living, featuring 2 spacious BDs and 2 modern BAs. Just a block from the beach, enjoy endless ocean breezes and coastal activities right at your doorstep. The property includes a convenient subterranean parking space and community laundry facilities for easy urban living. Explore the scenic bike path to Belmont Shore and relish the vibrant local dining and shopping scene. With a VA assumable loan available at 4.49%, this home is not only stylish but also financially savvy.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Shawn Dixon · College Park Realty
Payment estimate
$4,114
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $54,900 · Loan: $494,100
- Principal & Interest
- $3,036
- Property tax (1.25%)
- $572
- Homeowners insurance
- $300
- Mortgage insurance
- $206
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $19,215 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.
Assumable Loan — Lock In a Below-Market Rate＋
This Long Beach property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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