1130 E 1st St # 205, Long Beach, CA 90802
2 beds · 2 baths · 957 sqft
Beachside Living at Its Best – Don’t Miss Out! Welcome to your dream condo in the heart of Long Beach! This stunning 2-bedroom, 2-bath home is truly move-in ready, offering a fantastic opportunity for its next lucky owner. Perfectly situated, this condo is a block away from the sand and has a 4.5-mile bike, running, and walking path. Spend your weekends at Rosie's Dog Beach or the lively Farmer’s Market near Bixby Park. You’ll also love the proximity to fantastic restaurants, shops, entertainment, schools, and parks, and easy access to freeways and public transportation for commuters. Step inside to discover an inviting open floor plan that seamlessly connects the kitchen, dining area, and living room, making it perfect for relaxing or entertaining guests. This condo has been tastefully remodeled from top to bottom, boasting modern vinyl plank flooring, and an upgraded kitchen with sleek granite countertops, ample cabinetry, and stainless-steel appliances. The primary bedroom features space-saving closet doors, while the primary bath impresses with a chic rustic barn door, glass shower doors, and stylish updated fixtures. Additional upgrades include a newer water heater and hidden internet/cable lines for a streamlined look. Enjoy the convenience of one assigned parking space in the gated subterranean garage, along with a secured building featuring controlled access, a community laundry room, and elevator access. The HOA covers water, trash, and community maintenance, leaving you with less to worry about and more time to enjoy your new home! This pet-friendly, VA-approved complex offers gated subterranean parking in a secured building featuring controlled access. This rare find is an unbeatable combination of modern upgrades, prime location, and beachside charm. Schedule your showing today – this gem won’t last long!
Source: CRMLS #SB25059529
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SB25059529
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.