NOT LISTED FOR SALE

Estimated Value: $318,000 - $367,000

Studio
1 Bath
550 Sq Ft
$322/mo HOA Fee

Last Sold June 26, 2024

Last sale price $337,000 $613 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,478/month

70 Days on Market

Highlights

  • 24-Hour Security
  • In Ground Pool
  • Breakfast Bar
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • Bathtub with Shower

About This Home

As of June 2024

Welcome to your new home at the sought-after Royal Palms building located in downtown Long Beach, just blocks from the beach! This move-in ready unit boasts updated flooring, modern light fixtures, new electrical panel, and an abundance of natural light, creating a bright and inviting living space. This large studio has a separate nook, so your bed doesn't have to be in the middle of your main living area. The pet-friendly community offers a secured entrance for your peace of mind, a refreshing pool to relax by, convenient on-site laundry, trash chute, and Amazon lockers for all your delivery needs. HOA covers water, trash, forced air heat, maintenance, and on-site management.

Nestled in the heart of downtown Long Beach, you'll enjoy the vibrant urban neighborhood with a beachy vibe, filled with charming cafes, delectable restaurants, and stylish hotels. Entertainment options are endless with attractions like the Long Beach Performing Arts Theater, The Aquarium of the Pacific, The Pike, and Rainbow Harbor just a stone's throw away. Plus, being situated next to Vons makes grocery shopping easy. With the Metro A line only 3 blocks away, commuting is a breeze, offering easy access to all the excitement that Long Beach has to offer. Don't miss out on this fantastic opportunity to live in style at The Royal Palms! FHA approved

Last Agent to Sell the Property

Ashley Kennedy

Circle Real Estate Brokerage Email: AshleyKennedyRealtor@gmail.com License #02025071 Listed on: 03/06/2024

Circle Real Estate

Last Buyer's Agent

Aimee Loza

Omni Real Estate Ventures License #01895752

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1958

Lot Details

  • 0.52

HOA Fees

  • $322 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 550 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Built-In Range

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub with Shower

Pool

Additional Features

  • Patio
  • Two or More Common Walls
  • Urban Location
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 7281028014

Community Details

Overview

  • 163 Units
  • The Royal Palms Association, Phone Number (562) 435-5516

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • 24-Hour Security

Property Details

Home Type

Condominium

Year Built

Built in 1958

Lot Details

0

HOA Fees

$322 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: No
  • Zoning: LBPD30
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7281028014
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 550.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 612.73
  • Bathroom Features: Shower In Tub

Exterior Features

  • Patio: Yes
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Electric Cooktop, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 321.91
  • Association Fee Frequency: Monthly
  • Association Name: The Royal Palms
  • Phone: (562) 435-5516
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: The Royal Palms

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Latitude Manual: 33.76840100

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 163
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Jun 19, 2024
Sold by
Frazier Lamborn Family Trust and Lamborn William
Bought by
Rodriguez Allan Omar
Seller's Agent
Ashley Kennedy
Circle Real Estate
Buyer's Agent
Aimee Loza
Omni Real Estate Ventures
List Price
$349,000
Sold Price
$337,000
Premium/Discount to List
-$12,000
-3.44%
Views
157
Current Estimated Value
$345,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,611
Avg. Annual Appreciation
1.60%
Original Mortgage
$325,752
Outstanding Balance
$320,719
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$24,892

Purchase Details

Listed on
Mar 6, 2024
Closed on
May 29, 2024
Sold by
Frazier Lamborn Family Trust and Lamborn William
Bought by
Rodriguez Allan Omar
Seller's Agent
Ashley Kennedy
Circle Real Estate
Buyer's Agent
Aimee Loza
Omni Real Estate Ventures
List Price
$349,000
Sold Price
$337,000
Premium/Discount to List
-$12,000
-3.44%
Views
157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,752
Outstanding Balance
$320,719
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$24,892

Purchase Details

Closed on
Dec 28, 2023
Sold by
Lamborn William and Lamborn Aretta Frazier
Bought by
Frazier Lamborn Family Trust and Lamborn

Purchase Details

Closed on
Jan 10, 2017
Sold by
Graffith Wu Isela and Wu Chunta
Bought by
Griffith Wu Isela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
Royal Palms Apartments Inc
Bought by
Griffith Wu Isela A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Rodriguez Allan Omar $337,000 Fidelity National Title
Rodriguez Allan Omar $337,000 Fidelity National Title
Frazier Lamborn Family Trust -- None Listed On Document
Lamborn William -- None Listed On Document
Griffith Wu Isela -- Ticor Title Company Of Ca
Griffith Wu Isela A -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Allan Omar $325,752
Closed Rodriguez Allan Omar $325,752
Previous Owner Griffith Wu Isela $193,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2024 06/26/24 Sold $337,000 -2.3% $613 / Sq Ft
05/01/2024 05/01/24 Price Changed $345,000 -1.1% $627 / Sq Ft
03/07/2024 03/07/24 For Sale $349,000 +10.8% $635 / Sq Ft
09/22/2021 09/22/21 Sold $315,000 +3.3% $573 / Sq Ft View Prior Sale
08/26/2021 08/26/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $305,000 -- $555 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $4,301 $343,740 $240,618 $103,122
2024 $4,301 $327,726 $239,292 $88,434
2023 $4,227 $321,300 $234,600 $86,700
2022 $3,966 $315,000 $230,000 $85,000
2021 $2,975 $232,686 $69,802 $162,884
2019 $2,931 $225,786 $67,733 $158,053
2018 $2,805 $216,000 $75,200 $140,800
2016 $1,860 $145,000 $50,500 $94,500
2015 $1,418 $110,000 $38,300 $71,700
2014 $1,438 $110,000 $38,300 $71,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24039266

California Regional Multiple Listing Service (CRMLS)

APN: 7281-028-014