The Sovereign building is located at 360 Ocean West Blvd and located on the very north end of the downtown Long Beach area. This is a great place to find studio and one bedroom units under the $200,000 price point. Situated at the very end of Ocean Blvd and near the newly developed West Ocean Towers the Sovereign building is an older historic building that was originally built in 1922 and advertised the selling of individual apartments for sale. At that time it was rare to see individual condos offered for sale so that's why the complex only has studio and one bedroom units to choose from.
The great part about this complex are the great ocean and harbor views that can be seen from the upper levels floors of the building. Many of the units have been nicely updated with hardwood flooring and lots of natural light. For the small size of the units the condos really feel nice and open. The building does have monthly homeowners association dues that average $380.00 a month. There is no parking at the Sovereign but spaces behind the building may be available at $75.00 a month. Condo sales have been strong in this complex and range from $138,000 to $186,000 and rent for $1,900 a month. Those looking for cash flow investments could see a positive gain with a mere 20 to 30 percent down. For those looking for a building with old world charm in the heart of the downtown area will love this complex. Please contact us at 562-355-8228 to learn more about these condos.