640 Elm Avenue 12
Long Beach, CA, 90802
$260,000
MLS: WS26004211
Beds
1
Baths
1
Sq Ft
665
Lot
0.35 ac
Year Built
1959
MLS #
WS26004211
Days on Market
61
Listed
Jan 7, 2026
Description
This bright, cozy 2nd floor front Mid Century Modern one-bedroom OYO is complete in the vibrant East Village of downtown Long Beach. It is a remarkable find, offering ample natural light and is move-in ready, making it an ideal choice for first-time homebuyers or investors. It is one of the most affordable options, with a low monthly HOA fee of just $82/ month and a walk score of 96. Quick access to the 710 freeway, which is nearby. This home is 3 blocks from Pine Avenue and all of its wonderful restaurants and nightlife and close to everything in downtown Long Beach. Also close to the Long Beach Convention Center, Shoreline Village, and St. Mary Medical Center. Leave your car at home and get out and explore the neighborhood. This location has unbeatable walkability, so daily errands do not require a car. 640 Elm Avenue is a three minute walk from the Metro A Line (Blue) at the 5th Street Station stop. Nearby parks include Harvey Milk Park, K-9 Corner Dog Park and Lincoln Park. This one won't last at this price! Don't miss this opportunity!
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: RUDY LIRA KUSUMA · LPT Realty, Inc
Payment estimate
$2,106
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $26,000 · Loan: $234,000
- Principal & Interest
- $1,438
- Property tax (1.25%)
- $271
- Homeowners insurance
- $300
- Mortgage insurance
- $98
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 $9,100 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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