NOT LISTED FOR SALE

Estimated Value: $672,000 - $918,000

1 Bed
1 Bath
2,061 Sq Ft
$511/mo HOA Fee

Last Sold December 30, 2021

Last sale price $832,000 $404 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,383/month

229 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to Pacific Station
  • Custom Home
  • Senior Community
  • Primary Bedroom Suite
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of December 2021

Back on the market!!! Rarely available!!!! Over 2000 square foot loft in the Historic Landmark Kress Building. This enormous multi-level loft, features brilliant natural light, polished concrete and hardwood floors, 14 foot vaulted ceilings, spacious walk-in closets, custom lighting and extensive storage. Modern styling in the stand-around kitchen makes this unit an entertainers dream. The master suite comfortably accommodates a cal king and has a completely remodeled master bath with travertine/tinted glass shower and built in washer/dryer. Need some privacy? Use your remote control to close the curtains on your 7 foot windows with just a touch of a button. In the heart of the downtown Long Beach entertainment center, walk to dining, movies, concerts, Metrolink, art galleries, museums, convention center, beach and waterfront. 2 secured assigned parking places, trash service, security, water, sewer and heat.. Enjoy full access to rooftop deck equipped with a barbecue, new outdoor furniture and a 270 degree city view. Kress Lofts enjoy significant tax savings from Mills Act designation.

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 03/31/2021

Last Buyer's Agent

Chad Nason

Real Broker License #02009648

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,538

Year Built

  • Built in 1925

Lot Details

  • Two or More Common Walls
  • East Facing Home

HOA Fees

  • $511 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Parking Available
  • Driveway Down Slope From Street
  • Assigned Parking

Home Design

  • Custom Home
  • Mediterranean Architecture

Interior Spaces

  • 2,061 Sq Ft Home
  • Dual Staircase
  • Beamed Ceilings
  • Loft
  • City Lights Views
  • Attic Fan
  • Closed Circuit Camera

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary Bedroom Suite
  • 1 Full Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting

Additional Features

  • Urban Location
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009023

Community Details

Overview

  • Senior Community
  • Master Insurance
  • 49 Units
  • Kress Lofts HOA, Phone Number (310) 294-5370
  • Bali HOA

Amenities

  • Community Barbecue Grill

Recreation

  • Park
  • Dog Park
  • Horse Trails
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Service
  • Controlled Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,538

Year Built

Built in 1925

Lot Details

0

HOA Fees

$511 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Washer dryer, refrigerator, dishwasher, stove/range
  • Property Attached: Yes
  • Security: Closed Circuit Camera(s), Fire Sprinkler System, Gated Community
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Architectural Style: Custom Built, Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009023
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2061.00 Square Feet
  • Interior Amenities: 2 Staircases, Attic Fan, Beamed Ceilings
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete, Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 403.69
  • Room Type: Loft, Main Floor Bedroom, Master Suite
  • Bathroom Features: Shower

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • View: City Lights
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway Down Slope From Street, On Site, Oversized
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Insurance, Trash, Sewer, Water, Pet Rules, Pets Permitted, Security, Controlled Access
  • Association Fee: 511.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Phone: 3102945370
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Dog Park, Horse Trails, Park, Sidewalks, Street Lights, Urban
  • Association Management: Bali

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 15028.00
  • Lot Size Acres: 0.3450

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15028.0000 Square Feet
  • Number Of Units In Community: 49
  • Number Of Units Total: 49

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 50924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2021
Sold by
Vanian Ventures
Bought by
Bright Kevin and Sanges Stephanie
Current Estimated Value
$824,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,930
Interest Rate
3.11%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 16, 2016
Closed on
Aug 31, 2016
Sold by
Stevens Ian
Bought by
Vanian Ventures
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
William Hayward
Y Realty
Sold Price
$3,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.72%
Original Mortgage
$516,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2016
Closed on
Jul 27, 2016
Sold by
Stevens Elizabeth
Bought by
Stevens Ian
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
William Hayward
Y Realty
Sold Price
$3,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2016
Closed on
Jun 30, 2016
Sold by
Hora Gregory Ronald
Bought by
Stevens Ian
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
William Hayward
Y Realty
List Price
$659,900
Sold Price
$645,000
Premium/Discount to List
-$14,900
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2013
Closed on
Dec 19, 2012
Sold by
Galbraith David B
Bought by
Hora Gregory Ronald and Ajwani Zarina
Seller's Agent
John Dixon
Gasper-Monteer Realty Group
Buyer's Agent
William Hayward
Y Realty
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$449,900
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2003
Sold by
Penn E Marcelle
Bought by
Galbraith David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 1996
Sold by
443 449 Pine Ave Partners Ii Ltd
Bought by
Penn E Marcelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,175
Interest Rate
8.3%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Bright Kevin $832,000 Ticor Title
Vanian Ventures -- None Available
Stevens Ian -- Ticor Title Company
Stevens Ian $645,000 Ticor Title Company
Hora Gregory Ronald $500,000 North American Title Company
Galbraith David B -- Chicago
Penn E Marcelle $255,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bright Kevin $816,930
Previous Owner Stevens Ian $516,000
Previous Owner Hora Gregory Ronald $449,900
Previous Owner Galbraith David B $115,000
Previous Owner Galbraith David B $322,700
Previous Owner Penn E Marcelle $100,000
Previous Owner Penn E Marcelle $256,410
Previous Owner Penn E Marcelle $191,175
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $832,000 +4.1% $404 / Sq Ft
11/18/2021 11/18/21 For Sale $799,000 -4.0% $388 / Sq Ft
11/16/2021 11/16/21 Off Market $832,000 -- --
11/15/2021 11/15/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $799,000 -5.9% $388 / Sq Ft
09/17/2021 09/17/21 Price Changed $849,000 +2.9% $412 / Sq Ft
09/17/2021 09/17/21 For Sale $825,000 0.0% $400 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $825,000 -0.8% $400 / Sq Ft
04/30/2021 04/30/21 Off Market $832,000 -- --
03/31/2021 03/31/21 For Sale $825,000 0.0% $400 / Sq Ft
11/23/2016 11/23/16 Rented $3,250 0.0% --
11/04/2016 11/04/16 Price Changed $3,250 -5.8% $2 / Sq Ft
10/03/2016 10/03/16 For Rent $3,450 +7.8% --
09/01/2016 09/01/16 Rented $3,200 -7.2% --
08/23/2016 08/23/16 Off Market $3,450 -- --
08/16/2016 08/16/16 For Rent $3,450 0.0% --
08/12/2016 08/12/16 Sold $645,000 -2.3% $341 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
06/19/2016 06/19/16 For Sale $659,900 +32.0% $349 / Sq Ft
02/08/2013 02/08/13 Sold $500,000 0.0% $265 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
02/06/2013 02/06/13 For Sale $500,000 -- $265 / 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
2025 $4,538 $290,000 $208,000 $82,000
2024 $4,538 $321,000 $231,000 $90,000
2023 $5,417 $392,000 $250,000 $142,000
2022 $5,928 $455,000 $200,000 $255,000
2021 $5,892 $455,000 $200,000 $255,000
2019 $4,292 $290,000 $150,000 $140,000
2018 $8,387 $657,900 $249,900 $408,000
2016 $6,383 $520,117 $104,023 $416,094
2015 $6,077 $512,305 $102,461 $409,844
2014 $6,026 $502,270 $100,454 $401,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21066039

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-023