Genesis condos are located at 550 Orange Avenue Street Long Beach, CA 90802. There are 163 units in the community with a low HOA fee of $348 per month. The community is approved to accept FHA home loans.
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Quick Summary of Genesis Condos
| Quick Summary | Building Features |
|---|---|
| Building Name | Genesis |
| Location | 550 Orange Avenue |
| Number of Units | 163 |
| Year Built | 1985 |
| Parking? | Yes. Underground |
| Area | Downtown Long Beach |
| Amenities | Pool, Spa/Hot Tub, Outdoor Cooking Area, Picnic Area, Trash, Water, Pets Permitted, Guard, Security |
| Pet Friendly? | Yes |
| HOA Monthly Fee | $348 per month in 2019 |
| FHA Approved? | Yes. Approved unitl April 24, 2020 |
Floor Plans at Genesis
- 1 bedroom, 1 bath condos have 584 to 853 square feet
- 2 bedrooms, 2 baths condos have 957 to 1,444 square feet
Historical Sales at Genesis Condos
In 2018, the average selling price at 550 Orange Avenue Street for a 1 bedroom, 1 bath condo was $284,444. These condos sold in just 13 days after being listed for sale for 100.35% of the listed price.
2 bedroom, 2 bath condos in 2018, sold for $349,400 in 7 days being listed for sale for 102.52% of the listed price.
2019 Real Estate Statistics at 550 Orange Avenue
In 2019, there were six (6) 1 bedroom condos that sold at Genesis. The average selling price was $323,083. It took 14 days to receive an accepted offer and the condos sold for over the listed price. I figured it out to be 101.6% of the listed price.
Seven (7) 2 bedroom, 2 bath condos sold in 2019. The average selling price was $374,929. The condos sold within 33 days after being listed for sale and for 99.42% of the listed price.
Interesting Facts
According to the US Department of Housing and Urban Development, Genesis is approved to accept FHA loans on purchases. You can review all FHA approved Long Beach condos if this is your financing option on a resource page here.
Similar Priced Downtown Long Beach Condos
730 W 4th Street. This building is called the Golden Gate Square. It is also approved for FHA financing.