Millman Team Real Estate

$1,350,000
1.59 Acre Lot

850 E Ocean Boulevard 1506, Long Beach, California 90802

  • Residential Income Property Type
  • 1992 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
PW25054032
$1,350,000
Catalina, Coastline, Marina, Ocean
1992
1.59 Acre
Active
1
Condominium
Features
: Gunite, In Ground, Association
: Central
: Central Air
: None
: Carpet, Wood
: All Bedrooms Down, Walk-In Closet(s), Balcony, Galley Kitchen, Crown Molding, Entrance Foyer
: Inside, Washer Hookup, Laundry Room, Electric Dryer Hookup
: Sewer Tap Paid
$0
Appliances
: Dishwasher, Microwave, Dryer, Washer, Disposal, Refrigerator, Electric Oven, Electric Cooktop, 6 Burner Stove, Freezer, Ice Maker, Self Cleaning Oven, Exhaust Fan, VentedExhaust Fan
Address Map
CA
Los Angeles
Long Beach
The Pacific
90802
Ocean
850
Boulevard
Please refer to your GPS for exact directions
4 - Downtown Area, Alamitos Beach
E
1506
LBPD5
Additional Information
$0
$0
$0
$0
$0
Clubhouse,Fire Pit,Game Room,Meeting Room,Meeting/Banquet/Party Room,Outdoor Cooking Area,Barbecue,Picnic Area,Pool,Pet Restrictions,Pets Allowed,Sauna,Spa/Hot Tub
69332
: Sidewalks, Street Lights, Urban
1
2.0
: One
1
2025-03-11
1400000
1
1
Broker/Agent Information
Deanna Kenworthy, Broker
Deanna Kenworthy
Financial
1444.0
Monthly
1
Listing Information
PKENWDEA
PB16064
Cash to New Loan
Active
2025-08-30T20:30:33Z
CRMLS
: Standard
2025-03-11T15:50:48Z
Agent info
Ray Millman
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