12 3rd Place
Long Beach, CA, 90802
$429,000
MLS: DW25232091
Beds
1
Baths
1
Sq Ft
694
Lot
0.33 ac
Year Built
1953
MLS #
DW25232091
Days on Market
152
Listed
Oct 3, 2025
Description
Amazing one-bedroom condo just steps from the beach located in The Palisades. This terrific value property has Queen Mary/Marina Views from newer picturesque window and the front balcony. Relax and stay cool with the central AC in the summer. An in-unit furnace keeps in cozy on winter nights. The renovations have a modern beachy feel, with an open concept kitchen, upgraded white bead board kitchen cabinets and newer stainless appliances. Storage has been upgraded and includes some vintage storage, and the vintage tub/tile are keepers. The unit also has been freshly painted. All furnishings can be included. Located in a great location, easy access to the beach, bike paths, walking paths with a high walkability score of 82! Just minutes away from Downtown, 2nd St, Belmont Shores, LB Performing Arts Center, Museums, the Aquarium of the Pacific, and Shoreline Village. With lots of restaurants nearby to choose from and the Farmers Market every Friday. Annual events such as the World Series of Volleyball, 4th of July, beach festivals and the Long Beach Grand Prix are in your backyard. Don't miss out on this great opportunity! City Parking is available at $336/yr on the beach-side of the Villa Riviera Building (802 E. Ocean Blvd) buyer to verify info.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Robert Castillo · Realty Source Inc.
Payment estimate
$3,280
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $42,900 · Loan: $386,100
- Principal & Interest
- $2,372
- Property tax (1.25%)
- $447
- Homeowners insurance
- $300
- Mortgage insurance
- $161
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 $15,015 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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