550 Orange Avenue 318
Long Beach, CA, 90802
$515,000
MLS: SB26082089
Beds
2
Baths
1
Sq Ft
859
Lot
2.19 ac
Year Built
1985
MLS #
SB26082089
Days on Market
1
Listed
Apr 16, 2026
Description
Top-floor. End unit. Soaring ceilings with floor-to-ceiling windows that make every room feel expansive — this two-bedroom Alamitos Beach condo has it all. Light, privacy, and lifestyle. This unit has the creature comforts you’ll want in your new home. Both bedrooms offer walk-in closets with custom storage, newer appliances and in-unit laundry (which can be hard to find in Long Beach condos). Enjoy a dip in the resort-like atmosphere of the community pool and the peace of mind from gated entry. The location is a genuine win for everyone — Grocery Outlet is just around the corner for easy everyday errands. For those keeping kids in mind, this unit offers the best of both worlds. Ben Franklin Classical Middle School right across the street making school mornings simple. And because the unit sits at the back of the building, it stays quiet and private, so less street-side noise and congestion from school drop-off and pick-up traffic. Take advantage of some of the neighborhood’s favorite spots including the newly opened Everywhere taproom and Good Time coffee shop — sharing one massive space on 4th Street. Don’t miss Baby Gee, right on the same block, which has earned national recognition from the prestigious Spirited Awards. For something special, visit Heritage, a Michelin-starred restaurant less than a mile away. Beyond 4th Street, many of Long Beach’s most well-known attractions are close by. Aquarium of the Pacific, Alamitos Beach, Rosie's Dog Beach (for four-legged friends) to name a few. With the Long Beach Grand Prix and 2028 Olympic Beach Volleyball coming to Alamitos Beach, the neighborhood's momentum is only building. This home is ready for you!
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Nancy Raykhenberg · Estate Properties
Payment estimate
$3,877
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $51,500 · Loan: $463,500
- Principal & Interest
- $2,848
- Property tax (1.25%)
- $536
- Homeowners insurance
- $300
- Mortgage insurance
- $193
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 $18,025 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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