One of the more popular condos buildings located just a few block radius to the beach in the greater Downtown area of Long Beach is the Ocean Park Imperial condo complex. The location sits off 1st street near the Bixby Park area with one and two bedroom floors that can found here. Real Estate prices in the high $600,000 range to low $700,000 range for two bedroom condos with an approximate 1,284 square feet of living space.
What I love about this 3 story building is the rooms tend to be good size with an open living and dining room space that can come with recessed lighting and crown molding. Many of these units also come with good size kitchens that offer a variety of storage options and large enough for a center island breakfast bar. Some of the floor plans offer a master suite with it's own private bathroom that can come with it's own walk-in closet too. Some owners have converted the hallway closets into laundry washer/dryer closet as well. Some of the amenities include an outdoor patio space and underground parking which is really ideal to find parking here.
Real Estate prices over the last 10 years or so have consistently been in the $300,000 to $400,000 range for a long period of time. It's only been the last several years that prices have really increased with condos selling now in the $700,000 range. It will be interesting to see what prices will do here if the real estate market takes a down turn. We saw that back in 2008 where prices re-adjusted so I can't imagine these strong of prices for a long period of time. If you own a Long Beach condo here then now may be a good time to sell as many are forecasting that we are very close to the height of the market. To learn more about Ocean Park Imperial condos please contact us at 562-355-8228.