$955,000
SOLD JAN 13, 2022
3 Beds
2 Baths
2,147 Sq Ft
$549/mo HOA Fee

Recently Sold

$445 Per Sq Ft

4% Below List Price

91 Days on Market

Highlights

  • Updated Kitchen
  • 2-minute walk to Pacific Station
  • Modern Architecture
  • Long Beach Polytechnic High School Rated A
  • Bamboo Flooring
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of January 2022

Absolutely stunning loft at the Kress Lofts. This is the largest floor plan in the building and was the architect’s unit. This amazing open concept loft has 3 bedrooms and an additional bonus room that makes a great den / workspace. Light and bright with floor to ceiling windows in the living room. New luxurious vinyl plank flooring in the living room, kitchen, and dining area. Beautifully updated kitchen with stainless steel counters, Bosch dishwasher, Viking stove, GE Monogram refrigerator, recessed lighting and large island that is great for entertaining. Master bedroom suite has plenty of natural light with a skylight, large sliding steel and frosted glass doors, and plenty of closet space with 2 large closets. Both baths are nicely updated and the master bathroom features a separate bath and tub with jacuzzi jets, subway tile, and dual sinks. The 2 secondary bedrooms and the den / workspace feature modern concrete floors. The building features a 5th floor rooftop style outdoor space with lounge and BBQ areas that overlook the Long Beach skyline. This loft boasts convenience at every corner with laundry located in the unit, air conditioning, and two tandem parking spaces (which can really fit 3 cars) with electrical outlet for EV charging and storage space below in the gated garage. This amazing "New York style" loft is extremely RARE and was originally the actual unit of the architect who built the lofts! Mills Act approved Building - new owners to apply. VA loan approved building.

Last Agent to Sell the Property

Tim Majka

Keller Williams Coastal Prop. License #01399855 Listed on: 09/13/2021

Keller Williams Coastal Prop.

Last Buyer's Agent

Richard Holt

Homesmart Evergreen Realty License #00951689

Homesmart Evergreen Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,343

Year Built

  • Built in 1925 | Remodeled

HOA Fees

  • $549 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available

Home Design

  • Modern Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 2,147 Sq Ft Home
  • Living Room
  • Dining Room
  • Bonus Room
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Additional Features

  • Two or More Common Walls
  • Urban Location
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009030
  • $509 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • Kress Lofts Association, Phone Number (310) 294-5370
  • Bali Management HOA
  • Maintained Community
  • 8-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,343

Year Built

Built in 1925 | Remodeled

Lot Details

0

HOA Fees

$549 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerater, stove, microwave, dishwasher, washer & dryer
  • Property Attached: Yes
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Architectural Style: Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009030
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2147.00 Square Feet
  • Stories: 8
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Concrete, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 444.81
  • Room Type: Bonus Room, Kitchen, Laundry, Living Room
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Jetted Tub, Remodeled
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Electric, Zoned
  • Laundry Features: Dryer Included, In Closet, In Kitchen, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 111
  • Amenities: Barbecue, Outdoor Cooking Area, Insurance, Maintenance Grounds, Trash, Sewer, Water
  • Association Fee: 548.91
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts
  • Phone: 310-294-5370
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Bali Management

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • 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 Total: 1

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 50924
  • TaxOtherAnnualAssessmentAmount: 509.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Dec 17, 2021
Sold by
Jay Lutz Brandon
Bought by
Enriquez Richard and Gutierrez Laura Samantha
Seller's Agent
Tim Majka
Keller Williams Coastal Prop.
Buyer's Agent
Richard Holt
Homesmart Evergreen Realty
List Price
$999,900
Sold Price
$955,000
Premium/Discount to List
-$44,900
-4.49%
Current Estimated Value
$924,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,960
Avg. Annual Appreciation
-0.68%
Original Mortgage
$764,000
Outstanding Balance
$705,016
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$226,265

Purchase Details

Listed on
Sep 29, 2019
Closed on
Nov 13, 2019
Sold by
Familian David F and Familian Karen Moss
Bought by
Lutz Brandon Jay
Seller's Agent
Ande Siler
Home Smart Realty Group
Buyer's Agent
Jessalyn Wanlim
No Firm Affiliation
List Price
$849,900
Sold Price
$825,000
Premium/Discount to List
-$24,900
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$660,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2005
Sold by
Blackhurst Richard G and Blackhurst Billie M
Bought by
Familian David

Purchase Details

Closed on
May 15, 2004
Sold by
Dejesus Roy S and Lara Paulet C
Bought by
Blackhurst Richard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Jacobs Mitch and Shen Mei Chi Cathy
Bought by
Skinner Stephen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2002
Sold by
Seth Nilesh Shirish and Lee Katherine Wan Kit
Bought by
Dejesus Roy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.87%

Purchase Details

Closed on
Jul 6, 1999
Sold by
Holle Scott D and Holle Cecilia K
Bought by
Seth Nilesh Shirish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
7.5%

Purchase Details

Closed on
Jun 12, 1996
Sold by
443-449 Pine Avenue Partners Ii Ltd
Bought by
Holle Scott D and Holle Cecilia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.01%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Grant Deed $955,000 Chicago Title
Grant Deed $825,000 Clearmark Title Company
Grant Deed $875,000 Old Republic Title Company
Grant Deed $770,000 Old Republic
Grant Deed $575,000 Ort
Grant Deed $384,000 Old Republic Title
Grant Deed $318,000 Orange Coast Title
Grant Deed $224,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $764,000 New Conventional
Previous Owner $660,000 New Conventional
Previous Owner $250,000 Future Advance Clause Open End Mortgage
Previous Owner $250,000 Credit Line Revolving
Previous Owner $460,000 Purchase Money Mortgage
Previous Owner $430,000 Unknown
Previous Owner $30,000 Credit Line Revolving
Previous Owner $300,700 Unknown
Previous Owner $300,000 No Value Available
Previous Owner $254,400 No Value Available
Previous Owner $168,000 Seller Take Back
Closed $33,600 No Value Available
Closed $115,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold $955,000 -2.1% $445 / Sq Ft
11/01/2021 11/01/21 Price Changed $975,000 -2.5% $454 / Sq Ft
09/13/2021 09/13/21 For Sale $999,900 +21.2% $466 / Sq Ft
12/11/2019 12/11/19 Sold $825,000 -2.9% $384 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
09/29/2019 09/29/19 For Sale $849,900 -- $396 / 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 $4,343 $291,000 $116,000 $175,000
2024 $4,343 $308,000 $123,000 $185,000
2023 $4,968 $359,000 $144,000 $215,000
2022 $10,595 $850,217 $334,934 $515,283
2021 $10,363 $833,547 $328,367 $505,180
2019 $8,425 $655,000 $112,200 $542,800
2018 $8,393 $655,000 $112,200 $542,800
2016 $6,875 $557,000 $95,400 $461,600
2015 $6,693 $557,000 $95,400 $461,600
2014 $6,262 $513,000 $87,900 $425,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21201163

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-030