NOT LISTED FOR SALE

Estimated Value: $641,000 - $710,520

1 Bed
1 Bath
1,021 Sq Ft
$424/mo HOA Fee

Last Sold August 03, 2021

Last sale price $685,000 $671 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,373/month

10 Days on Market

Highlights

  • Gated Parking
  • 2-minute walk to Pacific Station
  • Outdoor Cooking Area
  • Long Beach Polytechnic High School Rated A
  • City View
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of August 2021

Rare opportunity to purchase a corner unit in the historic Kress Lofts. Plus, this building is a recipient of the Mills Act which will reduce your property taxes! This unit is bursting with charm and character, polished concrete and resin floors, 15 foot ceilings, floor to (almost) ceiling windows, elegant upgrades throughout and in-unit washer and dryer. The modern kitchen is equipped with a dishwasher as well as a new stove, new microwave, a large island that is perfect for entertaining and beautiful gold pendant lighting. The bedroom window looks out on the sunset over the Palos Verdes Peninsula and features a primary suite with a walk-in closet that opens directly to the bathroom. The building has a rooftop deck with panoramic views of Long Beach as well as a beautiful seating area and an outdoor grill for enjoying those warm summer nights! Conveniently located just above the bars and restaurants on Pine Ave, steps from the metro station, blocks away from the promenade and just minutes from the 710 freeway. Don't miss this one.

Last Agent to Sell the Property

Crystal Ortiz

eXp Realty of Greater Los Angeles License #01943860 Listed on: 07/02/2021

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Mary Dix

Compass License #02050556

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,124

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $424 Monthly HOA Fees

Property Views

  • City
  • Hills

Interior Spaces

  • 1,021 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 1 Covered Space
  • Gated Parking

Additional Features

  • Gated Home
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 7280-009-028

Community Details

Overview

  • Association fees include building and grounds, earthquake insurance, maintenance paid, trash, water and sewer paid
  • 51 Units
  • High-Rise Condominium

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,124

Year Built

Built in 1925

Lot Details

0

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: High or Mid-Rise Condo
  • Street Number Display: Yes
  • Complex Name: Kress Lofts
  • Entry Floor: 3
  • Living Area: 1021
  • Lot Acreage: 0.3450
  • Planned Urban Dev: 0
  • Unit Floor In Building: 3
  • Year Built: 1925
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Stained Concrete
  • Appliances: Microwave
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Island
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Stackable W/D Hookup, Elevator, Refrigerator, Range/Oven, Garbage Disposal
  • Price Per S Q F T: 646.43

Exterior Features

  • Pool: No
  • View: City, Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Gated Underground
  • Total Parking: 1

Utilities

  • Cooling: Ceiling Fan
  • Heating: Floor Furnace
  • Security: Gated

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Elevator, Outdoor Cooking Area
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds, Earthquake Insurance, Maintenance Paid, Trash, Water and Sewer Paid
  • HOA Fees: 424.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 7280-009-028
  • Lot Size Area: 15028

Multi Family

  • Number Of Units: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Jul 16, 2021
Sold by
Brown Allyson S
Bought by
Whitley Cameron
Seller's Agent
Crystal Ortiz
eXp Realty of Greater Los Angeles
Buyer's Agent
Mary Dix
Compass
List Price
$660,000
Sold Price
$685,000
Premium/Discount to List
$25,000
3.79%
Current Estimated Value
$677,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,870
Avg. Annual Appreciation
-0.10%
Original Mortgage
$513,750
Outstanding Balance
$468,165
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$214,180

Purchase Details

Listed on
Nov 3, 2017
Closed on
Nov 17, 2017
Sold by
Borntleth Bruce
Bought by
Brown Allyson S and Willard A Brown & Allyson S Brown Trust
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
David Castle
Realty OC Inc
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
May 16, 2007
Sold by
Stuart Roean A H
Bought by
Bornfleth Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2004
Sold by
Stuart Roean A H
Bought by
Stuart Roean A H and Stuart Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2001
Sold by
Coseglia Kimberly N
Bought by
Stuart Roean A H and Stuart Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.14%

Purchase Details

Closed on
Dec 16, 1995
Sold by
443-449 Pine Avenue Parnters Ii Ltd
Bought by
Coseglia Kimberly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,400
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Whitley Cameron $685,000 Chicago Title Company
Brown Allyson S $570,000 Ticor Title Company
Bornfleth Bruce $555,000 Ticor Title Tustin Orange Co
Stuart Roean A H -- Southland Title
Stuart Roean A H $255,000 --
Coseglia Kimberly N -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitley Cameron $513,750
Previous Owner Bornfleth Bruce $444,000
Previous Owner Stuart Roean A H $417,000
Previous Owner Stuart Jennifer L $95,000
Previous Owner Stuart Roean A H $349,500
Previous Owner Stuart Roean A H $290,000
Previous Owner Stuart Roean A H $221,000
Previous Owner Stuart Roean A H $204,000
Previous Owner Coseglia Kimberly N $156,000
Previous Owner Coseglia Kimberly N $112,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $685,000 +3.8% $671 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $660,000 +15.8% $646 / Sq Ft
11/30/2017 11/30/17 Sold $570,000 -0.9% $558 / Sq Ft
11/03/2017 11/03/17 For Sale $575,000 0.0% $563 / Sq Ft
04/01/2014 04/01/14 Rented $1,980 0.0% --
03/02/2014 03/02/14 Under Contract -- -- --
01/25/2014 01/25/14 For Rent $1,980 -- --
Source: The MLS

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 $3,124 $204,000 $82,000 $122,000
2024 $3,124 $230,000 $92,000 $138,000
2023 $4,166 $314,000 $125,000 $189,000
2022 $8,337 $680,000 $270,000 $410,000
2021 $7,445 $599,171 $241,771 $357,400
2020 $7,424 $593,028 $239,292 $353,736
2019 $7,334 $581,400 $234,600 $346,800
2018 $7,172 $570,000 $230,000 $340,000
2017 $5,915 $462,000 $175,000 $287,000
2016 $5,065 $415,000 $157,000 $258,000
2015 $4,931 $415,000 $157,000 $258,000
2014 $4,668 $387,000 $146,000 $241,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-754090

The MLS

APN: 7280-009-028