Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

700 E Ocean Boulevard 3003

Long Beach, CA, 90802

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$750,000

MLS: PW26000268

Beds

1

Baths

2

Sq Ft

880

Lot

0.76 ac

Year Built

1965

MLS #

PW26000268

Days on Market

105

Listed

Jan 1, 2026

Description

*FHA LOAN IS ASSUMABLE TO QUALIFIED BORROWERS. INTEREST RATE @ 3.125%. Experience Elevated Living with Stunning Ocean and Panoramic City Views! Nestled on the 30th floor of the iconic International Tower on Ocean Blvd, this beautifully renovated 1-Bedroom, 1.5-Bath home offers luxury living with wrap-around balcony views spanning the beach, city skyline, and Hollywood Hills. Just two floors below the penthouse, this midcentury gem blends modern upgrades with timeless sophistication. Key interior highlights include freshly painted walls, elegant porcelain flooring, recessed lighting, and crown moulding, complemented by floor-to-ceiling windows that flood the space with natural light. The modern kitchen features sleek waterfall quartz countertops and stainless steel appliances. The king-sized bedroom, framed by barn doors, offers a serene retreat with an ensuite ceramic-tiled bathroom, a spacious walk-in closet, and ample linen storage. This luxury building offers an array of amenities, including a pool, barbecue area, gym, billiards room, and media/recreation spaces. Enjoy peace of mind with a full-time concierge, security system, intercom, and on-site staff. Convenience is key with assigned and guest parking, as well as laundry in every unit. Don’t miss the chance to call this trophy property home.

Location

Long Beach, Los Angeles County, CA 90802

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Listed by: Teka Klopfenstein · Compass

Payment estimate

$5,510

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $75,000 · Loan: $675,000

%
Principal & Interest
$4,147
Property tax (1.25%)
$781
Homeowners insurance
$300
Mortgage insurance
$281
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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 $26,250 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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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.

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