1
Map
$520,000
●
Condo -
Off Market
550 Orange #421
Long Beach, CA 90802
2 Beds
2 Baths
930 Ft²
$3,033
Est. Monthly
$455
HOA / Fees
6.00%
Cap Rate
About This Property
SELLER OFFERING BUYER INCENTIVE 20K INTEREST RATE BUY DOWN/LOWER
MONTHLY PAYMENT! Fantastic top level end-unit with 2 bedrooms and 2
bathrooms, vaulted ceilings, great natural daylight, a View
balcony, in-unit laundry, an open concept kitchen and 2 parking
spots in the secure underground parking deck. This community is
very well maintained, offers gated security, excellent walkability
and a nice inground pool and spa! Elevator access accommodates all
levels of the building. The upgraded kitchen features painted white
cabinetry, upgraded appliances, bartop seating and opens seamlessly
to the family room. The family room delivers towering vaulted
ceilings, a designer chandelier over the dining area, solid surface
flooring, a fireplace and sliding glass doors to your private
balcony. The spacious primary bedroom showcases an ensuite primary
bathroom and access to the outdoor balcony. A generously sized
secondary bedroom is located next to a second full bathroom, which
also has hallway access for guests. This is arguably the best unit
and location within the community!
Unit Size
930 Ft²
Days on Market
48 days
Land Size
2.19 acres
Price per sqft
$565
Property Type
Condo
Property Taxes
-
HOA Dues
$455
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CRMLS #OC26171734)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Sold | ||
| Sold | |||
| Sep 9, 2026 | In contract | - | |
| In contract | |||
| Sep 5, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Compass | $550,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Assigned, Underground
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Eat-in Kitchen, High Ceilings, Open Floorplan, Recessed Lighting, Balcony, QuartzCounters, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
Flooring Type: Carpet, Laminate
Door Features: Sliding Doors
Laundry Features: Laundry Closet
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Has Property Attached
Square Footage: 930
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Security Gate, Gated Community, Smoke Detector(s)
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Year Built: 1985
Levels: One
Pool Features: In Ground, Association
Lot Features: Close to Clubhouse
Lot Size Area: 95356
Lot Size Units: Square Feet
Lot Size Acres: 2.1891
Lot Size Square Feet: 95356
Tax Lot: 1
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer
HOA/Condo/Coop Amenities: Clubhouse, Maintenance Grounds, Hot Water, Insurance, Management, Pool, Spa/Hot Tub, Security, Trash, Water, ControlledAccess, PetsAllowed
HOA Fee: $455
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/09/2026
|
2 Bed
|
2 Bath
|
930 ft²
|
$449,000
2 Bed
2 Bath
930 ft²
|
$505,000
+12.47%
05/29/2026
|
Aaron Aalcides
Epique Realty
|
Building Info
About Franklin School
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Listed by: Brian Wollner, Compass
Last Updated: 2 months ago
Data Source: CRMLS, MLS# OC26171734
Last Updated: 2 months ago
Data Source: CRMLS, MLS# OC26171734
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