488 E Ocean 1518
Long Beach, CA, 90802
$688,000
Original list price: $712,600
MLS: PW26061367
Beds
2
Baths
2
Sq Ft
950
Lot
2.77 ac
Year Built
2004
MLS #
PW26061367
Days on Market
133
Listed
Apr 10, 2026
Description
Highly Motivated seller of this stunning, fully upgraded and move-in-ready condo in the vibrant heart of downtown Long Beach. Thoughtfully designed with modern elegance in mind, this home features brand-new California custom closets, sleek new flooring throughout, and beautifully renovated bathrooms with custom primary bathroom shower with 3 shower heads and a toto toilet and contemporary finishes. The kitchen is equipped with all-new appliances, new kitchen remodel with new cabinets and counter tops offering both style and functionality. Perfectly situated just moments from the coast, this home is within walking distance to the beach, the Aquarium of the Pacific, and the iconic Queen Mary. As an added bonus, enjoy the excitement of the annual LBGP Long Beach Grand Prix race in April. Also walking distance from many restaurants and right next door to the Performing Arts Center.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Martha Morales · Keller Williams Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$5,809
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $68,800 · Loan: $619,200
Average 30-yr fixed rate 6.65% as of Aug 20, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,975
- Property tax (1.25%)
- $717
- Homeowners insurance
- $300
- Mortgage insurance
- $258
- HOA dues
- $559
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 Aug 20, 2026
- 30-year fixed
- 6.65%
- 15-year fixed
- 5.95%
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 $24,080 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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