The Pacific 850 E Ocean Blvd Unit 1506 Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $9,795/month
Total Views
9,560
2
Beds
--
Bath
69,332
Sq Ft
$20
Price per Sq Ft
Highlights
- Ocean View
- In Ground Pool
- Clubhouse
- Long Beach Polytechnic High School Rated A
- 1.59 Acre Lot
- Wood Flooring
About This Home
With unparalleled sophistication and design, this 2-bedroom, 2-bath "Pacific High-Rise Penthouse" offers an exceptional opportunity for investors seeking to expand their portfolio with a high-demand, turn-key property. Situated 15 stories above the Long Beach shoreline, this 1,587 sq. ft. penthouse offers
a unique blend of California coastal living & modern urban elegance. Recently remodeled with timeless improvements in both beauty and functionality, this residence is fully move-in ready, requiring no additional updates or upgrades, ensuring immediate rental or resale potential.The thoughtful design and high-end finishes throughout make this property an attractive option for long-term value appreciation.This penthouse features highly sought-after in one of California's most prime coastal locations.The kitchen is equipped with stainless steel appliances, custom cabinetry, and hand-selected granite countertops, offering both aesthetic appeal and high functionality. These features add value to the space, making it attractive for prospective renters or future buyers. The expansive living area flows effortlessly onto a large balcony, where panoramic views of the Pacific Ocean, marina, and Queen Mary enhance the overall appeal, creating a standout offering in the competitive luxury rental market. The oversized owner's suite is a true urban retreat, offering a spacious walk-in closet and an en suite bathroom featuring a spa-quality walk-in shower and custom design elements. These luxury finishes not only contribute to tenant satisfaction but also ensure the property remains highly desirable in the luxury market. Additionally, the property includes valuable amenities such as on-site storage closets and two dedicated parking spaces, adding convenience and further increasing the property's appeal to high-end renters or future buyers. The Pacific offers on-site guest suite accommodations and signature services, all contributing to a premium living experience that will ensure consistent demand for the property.This residence is a sound investment for those looking to secure a property that combines high-end design with functionality, offering strong rental or resale potential. Tenants benefit from the building’s premier services and amenities, elevating the appeal of your portfolio with this high-value asset.
Listing Agent
Deanna Kenworthy, Broker Brokerage Phone: 949-533-9262 License #01053454 Listed on: 03/11/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,426
Year Built
- Built in 1992
HOA Fees
- $1,444 Monthly HOA Fees
Parking
- 2 Car Garage
Property Views
- Ocean
- Marina
- Coastline
- Catalina
Interior Spaces
- 69,332 Sq Ft Home
- 1-Story Property
- Crown Molding
- Entrance Foyer
Kitchen
- Galley Kitchen
- Electric Oven
- Self-Cleaning Oven
- Six Burner Stove
- Electric Cooktop
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- In Ground Pool
- In Ground Spa
- Gunite Pool
- Gunite Spa
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Sewer Paid
Additional Features
- 1 Common Wall
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 45256
- Assessor Parcel Number 7265022179
- $274 per year additional tax assessments
Community Details
Overview
- The Pacific HOA
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Picnic Area
- Sauna
- Clubhouse
- Banquet Facilities
- Meeting Room
- Card Room
Recreation
- Community Pool
- Community Spa
Pet Policy
- Pets Allowed
- Pet Restriction
Building Details
- 1 Leased Unit
- 1 Separate Electric Meter
- Operating Expense $1,440
- Gross Income $3,560
- Net Operating Income $3,560
Map
About The Pacific
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,426 | $587,652 | $293,826 | $293,826 |
| 2024 | $7,426 | $576,130 | $288,065 | $288,065 |
| 2023 | $7,302 | $564,834 | $282,417 | $282,417 |
| 2022 | $6,850 | $553,760 | $276,880 | $276,880 |
| 2021 | $6,713 | $542,902 | $271,451 | $271,451 |
| 2019 | $6,617 | $526,800 | $263,400 | $263,400 |
| 2018 | $6,473 | $516,472 | $258,236 | $258,236 |
| 2016 | $5,950 | $496,418 | $248,209 | $248,209 |
| 2015 | $5,709 | $488,962 | $244,481 | $244,481 |
| 2014 | $5,666 | $479,384 | $239,692 | $239,692 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2025 03/11/25 | For Sale | $1,400,000 | 0.0% | $20 / Sq Ft |
| 05/25/2013 05/25/13 | Rented | $3,200 | 0.0% | -- |
| 05/25/2013 05/25/13 | Under Contract | -- | -- | -- |
| 04/16/2013 04/16/13 | For Rent | $3,200 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Partnership Grant Deed | $390,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $725,000 | Negative Amortization | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $388,000 | Unknown | |
| Previous Owner | $390,000 | Stand Alone First | |
| Closed | $58,500 | No Value Available |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25054032
APN: 7265-022-179
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