$127,000
SOLD FEB 14, 2014
-- Bed
1 Bath
490 Sq Ft
$239/mo HOA Fee

Recently Sold

$259 Per Sq Ft

2% Above List Price

11 Days on Market

Highlights

  • Filtered Pool
  • Panoramic View
  • Fireplace in Bathroom
  • Long Beach Polytechnic High School Rated A
  • 0.52 Acre Lot
  • Wood Flooring

About This Home

As of February 2023

Comfortable Studio at top of the 11 story ROYAL PALMS building in the heart of Downtown with Fabulous Views! The building is well-maintained and includes a heated Community Pool, Patio, indoor laundry, recreation/meeting room, observation/sun deck on roof, and is pet-friendly. Walking distance to beach, night life, shopping, Pine Av., The Pike, Restaurants, Museums, Art Galleries, Performing Arts Center, Bike Paths, and all downtown amenities. Enjoy the wonders of the Alamitos Beach Art District and the East Village Art Community. Boasting Upgraded Kitchen, Updated Bath and Appliances, it comes furnished with dressers, book shelf cabinet, queen-sized bed, futon, leather fold out couch, dining room set, kitchen table, refrigerator, and stove.Wood and tile flooring. Wall of windows on the cool side of the building provides lovely light and views as far as the mountains. Ins, hot water maintenance, cable access, all included with monthly Fee. Must be an ALL CASH purchase as this is a Stock Cooperative.Tenant with lease until ~8-4-14. Condominium Conversion expected to occur in the near future. Large reserves already in the coffers for the painting of the building exterior just now beginning, and more. Royal Palms is the City's best kept secret.

Last Agent to Sell the Property

Patrick Wintersteen

Coldwell Banker Realty License #01749174 Listed on: 01/03/2014

Coldwell Banker Realty

Last Buyer's Agent

Jeff Anderson

eXp Realty of California Inc License #01729514

eXp Realty of California Inc

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 1958

Lot Details

  • 0.52 Acre Lot
  • Two or More Common Walls
  • Northeast Facing Home

HOA Fees

  • $239 Monthly HOA Fees

Parking

  • Parking Available

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 490 Sq Ft Home
  • Partially Furnished
  • Living Room
  • L-Shaped Dining Room
  • Intercom
  • Laundry Room

Kitchen

  • Built-In Range
  • Laminate Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Fireplace in Bathroom

Pool

  • Filtered Pool
  • Heated In Ground Pool

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Hot Water Heating System
  • 220 Volts in Kitchen
  • Septic Type Unknown
  • Cable TV Available
  • TV Antenna

Additional Features

  • Customized Wheelchair Accessible
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 7281028152

Community Details

Overview

  • Master Insurance
  • 160 Units
  • Maintained Community
  • 12-Story Property

Amenities

  • Meeting Room
  • Recreation Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Est. Annual Taxes

$4,159

Year Built

Built in 1958

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Assessments: Yes
  • Inclusions: Refrig., stove, dressers, futon, leather fold-out couch, queen-sized bed, dining room table and chairs, kitchen table, entertainment cabinet
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: R
  • Property Sub Type: Stock Cooperative
  • Property Type: Residential
  • Parcel Number: 7281028152
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 490.00
  • Interior Amenities: Intercom, Laminate Counters, Partially Furnished
  • Stories: 12
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Eating Area: Dining Ell
  • Entry Level: 11
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 259.18
  • Room Type: Living Room

Exterior Features

  • Patio: Yes
  • Direction Faces: Northeast
  • Exterior Features: TV Antenna
  • View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic
  • Pool Features: Association, Community, Filtered, Heated, In Ground
  • Pool Private: Yes
  • Roof: Tar/Gravel
  • Spa: No

Garage/Parking

  • Parking: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Refrigerator
  • Electric: 220 Volts in Kitchen
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Cable TV, Dues Paid Monthly, Hot Water, Insurance, Meeting Room, Management, Maintenance Grounds, Pet Rules, Pool, Recreation Room, Storage, Trash
  • Association Fee: 239.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Schools

  • School District: Long Beach Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 22564.00
  • Lot Size Acres: 0.5180

Multi Family

  • Lease Considered: No
  • Lot Size Area: 22564.0000 Square Feet
  • Number Of Units In Community: 160
  • Number Of Units Total: 160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Feb 17, 2023
Sold by
Marron Mary
Bought by
Obayani Airisa
Seller's Agent
Scott Chapman
Coldwell Banker Realty
Buyer's Agent
Johnny Cho
CPGI
List Price
$310,000
Sold Price
$310,000
Total Days on Market
11
Views
133
Current Estimated Value
$341,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,554
Avg. Annual Appreciation
4.38%
Original Mortgage
$155,000
Outstanding Balance
$150,976
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$190,578

Purchase Details

Listed on
Dec 13, 2022
Closed on
Jan 31, 2023
Sold by
Friesen Rietta Rose
Bought by
Obayani Airisa
Seller's Agent
Scott Chapman
Coldwell Banker Realty
Buyer's Agent
Johnny Cho
CPGI
List Price
$310,000
Sold Price
$310,000
Views
133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$150,976
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$190,578

Purchase Details

Closed on
Apr 28, 2015
Sold by
Royal Palms Apartments Inc
Bought by
Friesen Rietta Rose

Purchase Details

Closed on
Apr 4, 2013
Sold by
Smith William R
Bought by
William Richard Smith Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Grant Deed $310,000 Fidelity National Title
Grant Deed -- Ticor Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $155,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $310,000 0.0% $633 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $310,000 0.0% $633 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/14/2023 01/14/23 Price Changed $310,000 -7.5% $633 / Sq Ft
12/13/2022 12/13/22 For Sale $335,000 +163.8% $684 / Sq Ft
02/14/2014 02/14/14 Sold $127,000 +1.6% $259 / Sq Ft
01/14/2014 01/14/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $125,000 +66.7% $255 / Sq Ft
04/04/2012 04/04/12 Sold $75,000 0.0% $136 / Sq Ft
12/16/2011 12/16/11 Pending -- -- --
11/04/2011 11/04/11 Price Changed $75,000 -11.8% $136 / Sq Ft
07/25/2011 07/25/11 For Sale $85,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,159 $316,200 $214,200 $102,000
2023 $1,768 $123,706 $70,690 $53,016
2022 $1,662 $121,281 $69,304 $51,977
2021 $1,619 $118,904 $67,946 $50,958
2019 $1,595 $115,380 $65,932 $49,448
2018 $1,563 $113,119 $64,640 $48,479
2016 $1,441 $108,729 $62,131 $46,598
2015 $1,386 $107,097 $61,198 $45,899
2014 $982 $76,847 $40,985 $35,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14002216

California Regional Multiple Listing Service (CRMLS)

APN: 7281-028-152