Bank Owned on Ocean Blvd

Ocean Blvd in Long Beach is truly one of the most well known streets in all of Long Beach. Known for it's beautiful high rises and powerful views of the Pacific many people come down on the weekends to have a bite and stroll.

As the target market for these high rises are generally the luxury crowd, many people never venture to even research what these condos cost. With some pressure in the condo market, there are a few bank owned condos in high rises that are very desirable.

Here is a snapshot of some of these Downtown Long Beach condos and what is available.

International Towers - This building, often referred to as the "round building" was built in 1967 and commands one of the best locations. With 1 bedrooms being on the larger side at 880 sq ft and 2 and 3 bedroom units being over 1000 sq ft this building is very popular.

• Inventory- There is just 1 bank owned unit available here on the 29th floor for $674,900. Condition is average, but the views are massive.

the Pacific - One of my personal favorites in Long Beach as it truly feels like a 5 star hotel that happens to be a condo complex. This building has traditionally low turnover as many residents keep a condo here as a 2nd home. Built in 1992 it has great floor plans ranging in size from just over 880 sq ft to over 1,500 sq ft.

• Inventory - There are actually 2 bank owned units here. A 1 bedroom just under $420,000 and a unit on the 7th floor for $724,900 (it's a 2 bedroom, 2 bathroom unit). This 2 bedroom unit looks in amazing shape.

AQUA - These two towers are in a location that provides easy access to restaurants and you can even pick up the blue line to head to downtown LA. Two different address for this building, 388 Ocean and 488 Ocean. The layouts are the same in each tower but the views will vary. With a variety of floor plans to choose from this building has been popular.

• Inventory - 488 E. Ocean has a 2 bedroom listed under $420,000. It's on the 15th floor so expect good views, it just needs a little clean up. 388 E. Ocean actually has a Penthouse available that is bank owned. It is currently listed for $989,900.

Ocean Blvd is having some great choices available. Imagine being in a great high rise and your payments are actually affordable..crazy! With some of these bank owned units it certainly is possible to live on the blvd for less.

Search the Long Beach MLS FREE and get more details on these Bank Owned properties and more.