One of the small condo buildings located in the Downtown Long Beach area that often goes overlooked is the Golden Gate Square condo building located at 730 W 4th Street. Here you will find one and two bedrooms that come on the market for sale here and tend to be some of the lowest priced condos in the downtown area. The location is a several block radius to the water front area and next to Cesar Chavez Park and a much large one called Golden Park. There is also the Cesar Chavez elementary school located within a short distance to these condos which makes it ideal for those with younger children. Over the past couple of years real estate prices have gone up like everywhere else but not a super crazy high rate. There are current 2 condos on the market for sale right now at $399,000 for a one bedroom condo with 584 square feet of living space and a two bedroom condo listed at $555,000 with 1,352 square feet of living space.
It's important to understand the sales history here as just a couple years ago the one bedroom units were selling in the low $325,000 range and the two bedrooms in the low $400,000 range. Since the Federal Reserve is starting to raise interest rates the real estate market is starting to cool down a little in the Long Beach area. What this means is that homes and condos will be on the market longer than before which makes it easier when you want to make an offer on a place. We haven't seen real estate prices come down but this could happen if interest rates continue to increase throughout the remainder of the year.
Condos in Golden Gate were built in 1987 so some of the modern amenities that were used to like underground parking spaces are what you will find here as well. Monthly association dues currently run $265.00 a month and include a nice workout facility and recreation room. If you have questions about the association you can give Pacific Coast Management a call a direct at 562-597-5007. When buying a condo here it's important to make sure that the association has good reserves and confirm the monthly dues rate and the amount that these rates are increased each year. To view condos in the Golden Gate Square complex give us a call at 562-355-8228. Below is the sales history for the last 6 years in this building to better help guide you when selling or buying in this complex.