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Listed by Kimberly Valdez, DRE #02073154 • Think Boutiq Real Estate
$548,000
Est. payment /mo
1 Bed
1 Bath
839 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 839 sqft
Price per Sqft $653
MLS Listing ID CRPW26184472
Bedrooms 1
Full Baths 1
HOA Fees $1,200/mo
Year Built 1928
Lot Size 1.187 Acres
Property Sub-Type Condominium
Source California Regional MLS
Property 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
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Kitchen Microwave, Oven Range - Electric, Oven - Electric
Interior
Heating Central Forced Air
Cooling None
Fireplaces Type None
Laundry Community Facility
Exterior
Parking Features No Parking
Pool None
Utilities Available Other
View Ocean
Building
Story One Story
Water District - Public
Others
Tax ID 7265004081
Special Listing Condition Not Applicable
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