850 E Ocean Boulevard 1506
Long Beach, CA, 90802
$1,239,000
MLS: PW26011488
Beds
2
Baths
2
Sq Ft
1,587
Lot
—
Year Built
1992
MLS #
PW26011488
Days on Market
72
Listed
Jan 16, 2026
Description
WHERE ELEVATION DEFINES DISTINCTION. This fully remodeled penthouse is absolutely stunning, with every detail thoughtfully designed for effortless coastal living. The chef’s kitchen has been completely transformed, down to the last detail, featuring custom cabinetry, granite countertops, and professional grade stainless steel appliances, perfect for entertaining or everyday living. The bathrooms are spa inspired retreats, each meticulously designed to combine luxury and tranquility. Rich wood floors, an open concept layout, and walls of glass frame breathtaking views of the Pacific Ocean, Rainbow Harbor, and the Queen Mary. Every element of this 2 bedroom, 2 bath, 1,587 square foot home has been carefully curated, making it completely move in ready. Here, the elegance and comfort of a large, luxurious home are captured in a sophisticated, low maintenance lifestyle, plus the vibrant energy of the Pacific High Rise is right below your feet. Enjoy premier dining, exclusive clubs, and social experiences just steps from your door. Two dedicated parking spaces, on site storage, and access to concierge services, a guest suite, and resort style amenities complete this rare coastal lifestyle. Turnkey, elevated, and undeniably exceptional, this penthouse is where elegance meets the Pacific.
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: Deanna Kenworthy · Deanna Kenworthy, Broker
Payment estimate
$8,907
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $123,900 · Loan: $1,115,100
- Principal & Interest
- $6,851
- Property tax (1.25%)
- $1,291
- Homeowners insurance
- $300
- Mortgage insurance
- $465
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 $43,365 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
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