$548,000
MLS: PW26184472
Beds
1
Baths
1
Sq Ft
839
Lot
1.19 ac
Year Built
1928
MLS #
PW26184472
Days on Market
4
Listed
Aug 22, 2026
Description
Investor opportunity at the iconic Villa Riviera! This 9th-floor, 1-bedroom, 1-bath condo offers approximately 839 square feet with sweeping views of the Pacific Ocean, Catalina Island, Queen Mary, and Long Beach coastline. The home blends historic character with functionality, featuring high ceilings, hardwood floors in the living area, a well-preserved vintage bathroom with original tile and tub, generous closet space, and flexible areas that can be used for storage or a home office. The unit is currently tenant occupied at market rent, with the lease in place through the end of June 2027, offering an investor immediate rental income with an established long-term tenant who would like to remain. Villa Riviera amenities include direct beach access, an oceanfront patio, barbecue area, shuffleboard, cabana with gas fire pit, and secure bicycle storage. HOA dues include cable, high-speed internet, electricity, gas, water, and trash. The unit is also Mills Act approved, offering the potential for significant property tax savings. A rare chance to own a tenant-occupied investment property in one of Long Beach’s most historic and recognizable coastal buildings.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Kimberly Valdez · Think Boutiq Real Estate
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
$5,443
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $54,800 · Loan: $493,200
Average 30-yr fixed rate 6.65% as of Aug 20, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,166
- Property tax (1.25%)
- $571
- Homeowners insurance
- $300
- Mortgage insurance
- $206
- HOA dues
- $1,200
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 $19,180 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
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