Ocean Blvd. in Long Beach is famous for many things, but for real estate Ocean Blvd is known for its condos. Some condos are high rises and some are older apartment style condos and a few are historic buildings. What Ocean Blvd brings is the allure of city and beach life together. The beach is steps away and the city life with its most popular restaurants and night life hot spots are not that much farther away also. Many ocean front Ocean Blvd condo owners have their own prime seats to the Long Beach Grand Prix and the Queen Mary fireworks.
There are 80 active condos listed on the multiple listing service on Ocean Blvd. in Long Beach. These range from the historic Cooper Arms building built in 1923 and the Sovereign built in 1922 to the newer built Aqua Towers. Seven of these condos are priced at over one million dollars promising spectacular ocean views, but the majority are in the $350,000-450,000 range and go as low as $65,000.
There have been 149 Ocean Blvd condos sold in the last year bringing the current absorption rate based on last years sales to 7.73, meaning that there is almost an 8 month of supply of condos on Ocean Blvd. With an average days on market of 102 for the past years sales, which is higher than the majority of single family homes in the city; the condo market on Ocean would seem to tilt to the buyer’s side.
So if you are not worried about the sometimes limited parking, the traffic noise, and the home owner’s association dues that can rival a luxury car payment; Ocean Blvd. condos will delight you with shopping, dining, coffee houses, beaches, biking, metro link train, and the people of Long Beach and surrounding areas that come to enjoy.