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Sold for $1,695,000
  • $1,695,000

    505 Panama Ave, Long Beach, CA 90814

    3beds
    1,626sqft
    Residential, Single Family Residence
    Built in 1950
    6,407 Square Feet Lot
    $1,704,000 Zestimate®
    $1,042/sqft
    $5,101 Estimated rent

    Home value

    $1,704,000

    $1.55M - $1.87M

    $5,101/mo

    Zestimate® history
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    $10,781/mo

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    What's special

    Welcoming front porchWarm hardwood floors
    Experience the best of the Southern California lifestyle at 505 Panama Ave, a beautifully maintained single-level California bungalow set along one of Alamitos Heights' most picturesque and established residential streets. A welcoming front porch leads into a bright living space filled with natural light and warm hardwood floors, creating an immediate sense of ease and comfort. The layout is ideal with the living area at the front, bedrooms centered for privacy and the kitchen and dining area positioned at the back with direct access to the backyard. Both the primary suite and the dining room open to the outdoor space, creating a calm and connected indoor-outdoor flow that works beautifully for everyday living. The backyard is private and serene with fruit-bearing trees that add character and a relaxed garden feel. Updates include dual-pane windows installed in 2022, a tankless water heater, an EV charger that remains with the home and owned solar panels that provide long-term efficiency. Front door has August Smart Lock and can be opened by keypad or phone/app. Home is also wired with Google Home Cameras and ADT Security System. This coastal corridor location offers access to some of Long Beach's most loved outdoor spaces along with exciting improvements underway nearby. Marine Stadium, just moments from the home, is set to host events for the upcoming Olympics. The in-progress Colorado Lagoon Open Channel Project is enhancing tidal flow and expanding shoreline pathways, creating an even more dynamic outdoor environment just blocks away. Nearby highlights include Marina Vista Park, Colorado Lagoon, Recreation Park Golf Course, Wilson High School and the Pete Archer Rowing Center. Neighborhood favorites are just steps away, such as the Wednesday Farmer's Market and Concerts in the Park which add to the community feel. Highly regarded schools, proximity to Cal State Long Beach, Belmont Shore amenities and convenient freeway access round out the appeal. A rare single-level opportunity in a coveted coastal neighborhood with charm, thoughtful updates and exceptional access to Long Beach's best outdoor amenities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarina Amersi DRE # 02066768 310-948-9308,

    Element RE, Inc 310-310-3372

    Bought with:

    Ellen Henry, DRE # 02000934

    Compass

    Christy Di Leo, DRE # 01797896

    Compass

    Source: CLAW,MLS#: 25622159MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Living Room, Entry, Family Room, Walk-In Closet
    Bedroom
    • Features: Walk-In Closet(s)
    • Level: Lower,Main
    Bathroom
    • Features: Bidet, Shower Over Tub, Double Vanity(s), Shower and Tub
    Kitchen
    • Features: Open to Family Room, Stone Counters
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Cooking Appliances, Range, Warming Drawer, Dishwasher, Range/Oven, Tankless Water Heater
    • Laundry: In Garage
    Features
    • High Ceilings, Open Floorplan, Turnkey, Crown Molding, Recessed Lighting, Family Kitchen, Eat-in Kitchen, Breakfast Counter / Bar
    • Flooring: Tile, Wood, Carpet
    • Windows: Double Pane Windows, Drapes, Blinds
    • Number of fireplaces: 1
    • Fireplace features: Living Room, Gas, Wood Burning
    Interior area
    • Total structure area: 1,626
    • Total interior livable area: 1,626 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage - 2 Car, Garage Is Attached
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Entry location: Ground Level w/steps
    • Patio & porch: Front Porch, Concrete Slab, Covered, Other
    • Pool features: None
    • Spa features: None
    • Fencing: Fenced
    • Has view: Yes
    • View description: Other
    Lot
    • Size: 6,407 Square Feet
    • Dimensions: 50 x 130
    • Features: Back Yard, Landscaped, Lawn, Front Yard, Rectangular Lot, Lot-Level/Flat, Sidewalks, Curbs, Gutters, Street Lighting
    Details
    • Additional structures: Shed(s)
    • Parcel number: 7246009010
    • Zoning: LBR1N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Frame, Stucco
    • Roof: Composition,Shingle
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: In Street
    • Water: Public
    Green energy
    • Energy generation: Solar

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $1,042/sqft
    • Tax assessed value: $1,644,871
    • Annual tax amount: $21,350
    • Date on market: 11/25/2025

    Price history

    DateEventPrice
    12/29/2025Sold$1,695,000+4.3%$1,042/sqft
    Source: CLAW #25622159 Report a problem
    12/4/2025Contingent$1,625,000$999/sqft
    Source: CLAW #25622159 Report a problem
    11/25/2025Listed for sale$1,625,000+4.8%$999/sqft
    Source: CLAW #25622159 Report a problem
    12/29/2021Sold$1,550,000+14.8%$953/sqft
    Source: Public Record Report a problem
    11/30/2021Pending sale$1,350,000$830/sqft
    Source: RE/MAX International #PW21249901 Report a problem
    11/30/2021Contingent$1,350,000$830/sqft
    Source: CRMLS #PW21249901 Report a problem
    11/18/2021Listed for sale$1,350,000+80%$830/sqft
    Source: CRMLS #PW21249901 Report a problem
    1/24/2006Sold$750,000$461/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$21,350 +4.2%$1,644,871 +2%
    2024$20,491 +1.7%$1,612,620 +2%
    2023$20,154 +6.6%$1,581,000 +2%
    2022$18,902 +327.5%$1,550,000 +355.2%
    2021$4,422 +0.3%$340,514 +1%
    2020$4,410 $337,023 +2%
    2019$4,410 +6.6%$330,416 +2%
    2018$4,136 $323,938 +2%
    2017$4,136 +1.1%$317,587 +2%
    2016$4,091 +7.7%$311,361 +1.5%
    2015$3,798 +4.8%$306,685 +2%
    2014$3,625 $300,678 +2.5%
    2012-- $293,452 +2%
    2011-- $287,699 +0.8%
    2010-- $285,550 -0.2%
    2009-- $286,229 -11%
    2008-- $321,518 +16.9%
    2007-- $275,116 +155.3%
    2006-- $107,773
    2005-- $107,773 +4%
    2004-- $103,589 +1.9%
    2003-- $101,691 +2%
    2002-- $99,698 +4%
    2000-- $95,829
    Find assessor info on the county website

    Neighborhood: Alamitos Heights

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Long Beach Unified

    Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,704,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,704,000