$715,000
SOLD NOV 10, 2021
1 Bed
1 Bath
1,081 Sq Ft
$404/mo HOA Fee

Recently Sold

$661 Per Sq Ft

1% Above List Price

20 Days on Market

Highlights

  • 24-Hour Security
  • 2-minute walk to Pacific Station
  • Harbor Views
  • Long Beach Polytechnic High School Rated A
  • Rooftop Deck
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of November 2021

Historic Loft located in famous Kress Five and Dime Building offers tasteful interior designs in keeping with chic urban living. Upon entry you’re greeted with the original exposed brick walls, high open ceilings, bamboo and finished concrete floors. This open floor plan allows for plenty of natural light to beam into the unit throughout the day through the large windows facing Pine Avenue. Kitchen comes complete with quartz counter tops, extra counter space, built in pantry, custom cabinetry, pots and pan drawers, stainless steel oversized sink, range with hood, dishwasher, and wine refrigerator making this a perfect area for entertaining and cooking enthusiasts. The unit offers a built-in office / desk area with cabinets making this a perfect live/ work environment for those that work from home. The large private bedroom area offers views of the famous Pine Avenue eateries and shops. This unit comes with one garage space in the subterranean parking area. Common areas include a roof top deck offering spectacular views of the Vincent Thomas Bridge and the city while providing a great space for entertaining friends on the weekends and after-work get togethers. The Kress building is a Long Beach Historic Landmark which enjoys the benefits of the Mills Act providing an ample property tax savings. Extremely pet friendly too. Located in the heart of the downtown Long Beach Entertainment corridor, you are footsteps away from the waterfront, nightlife, gourmet restaurants, the Metro blue line and walking distance to the beach along with so much more. “All information is deemed as accurate but not to be solely relied upon; Broker and Broker's Agents do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/ dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.”

Last Agent to Sell the Property

Chris Lechner

Weichert, Realtors-GlobalPoint License #01873493 Listed on: 09/22/2021

Weichert, Realtors-GlobalPoint

Last Buyer's Agent

Monica Di Giulio

The Rise Real Estate Group License #02120989

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,311

Year Built

  • Built in 1925

Lot Details

  • Two or More Common Walls

HOA Fees

  • $404 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available
  • Gated Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • Harbor
  • Views of Vincent Thomas Bridge
  • Bridge
  • City Lights
  • Neighborhood

Home Design

  • Turnkey
  • Brick Exterior Construction

Interior Spaces

  • 1,081 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Brick Wall or Ceiling
  • High Ceiling
  • Ceiling Fan
  • Track Lighting
  • Blinds
  • Insulated Doors
  • Family Room Off Kitchen
  • Living Room
  • Loft
  • Home Security System

Kitchen

  • Eat-In Galley Kitchen
  • Open to Family Room
  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Bamboo
  • Concrete

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Dressing Area
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Schools

  • Polytechnic High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Central Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009034
  • $305 per year additional tax assessments

Community Details

Overview

  • 49 Units
  • Kress Lofts Association, Phone Number (310) 294-5370
  • Bali Mgt HOA
  • Downtown Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Community Storage Space

Recreation

  • Water Sports
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Firewall

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,311

Year Built

Built in 1925

Lot Details

0

HOA Fees

$404 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Fire Sprinkler System, Firewall(s), Security System, Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBCB
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009034
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1081.00 Square Feet
  • Interior Amenities: Brick Walls, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Track Lighting
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Concrete
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Insulated Doors
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 661.42
  • Room Type: Dressing Area, Galley Kitchen, Kitchen, Laundry, Living Room, Loft
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower In Tub, Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Bridge(s), City Lights, Harbor, Neighborhood, Vincent Thomas Bridge
  • Patio And Porch Features: Deck, Roof Top
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Community Structure, Controlled Entrance, Garage, Gated, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Recirculated Exhaust Fan, Refrigerator, Water Heater Central, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, In Closet, In Kitchen, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Storage, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Controlled Access, Hot Water
  • Association Fee: 404.41
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts
  • Phone: 310-294-5370
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Street Lights, Urban
  • Association Management: Bali Mgt

Schools

  • School District: Long Beach Unified
  • High School: Polytechnic
  • High School: Polytechnic
  • High School2: POLYTE

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit, Park Nearby, Walkstreet
  • 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: 49

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 50924
  • TaxOtherAnnualAssessmentAmount: 305.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2021
Closed on
Oct 29, 2021
Sold by
Nguyen Cuong Duc
Bought by
Lambiase Christina
Seller's Agent
Chris Lechner
Weichert, Realtors-GlobalPoint
Buyer's Agent
Monica Di Giulio
The Rise Real Estate Group
List Price
$710,000
Sold Price
$715,000
Premium/Discount to List
$5,000
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.11%
Original Mortgage
$572,000
Outstanding Balance
$525,382
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$160,067

Purchase Details

Listed on
Mar 24, 2014
Closed on
Jul 30, 2014
Sold by
Davis Jysiah
Bought by
Nguyen Cuong Duc
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
William Hayward
Y Realty
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$361,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2012
Closed on
May 7, 2013
Sold by
Roberts Delina
Bought by
Davis Jysiah
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Eric Marton
Coldwell Banker-Campbell Rltrs
List Price
$374,900
Sold Price
$355,000
Premium/Discount to List
-$19,900
-5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$348,570
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2003
Sold by
Corey John and Ries David
Bought by
Roberts Delina

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
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1997
Sold by
Corey John
Bought by
Corey John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,925
Interest Rate
7.86%

Purchase Details

Closed on
Feb 11, 1997
Sold by
443 449 Pine Ave Partners Ii Ltd
Bought by
Corey John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,925
Interest Rate
7.86%
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 $715,000 Fidelity Sherman Oaks
Grant Deed $380,000 Ticor Title Company
Grant Deed $355,000 North American Title Company
Grant Deed $375,000 Ort
Interfamily Deed Transfer -- Commonwealth Title
Grant Deed $160,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $572,000 New Conventional
Previous Owner $401,200 New Conventional
Previous Owner $361,000 New Conventional
Previous Owner $348,570 FHA
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $119,925 No Value Available
Closed $37,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $649,000 0.0% $601 / Sq Ft
07/16/2025 07/16/25 Off Market $649,000 -- --
07/02/2025 07/02/25 Price Changed $649,000 -7.2% $601 / Sq Ft
03/20/2025 03/20/25 For Sale $699,000 -2.2% $647 / Sq Ft
11/10/2021 11/10/21 Sold $715,000 +2.9% $661 / Sq Ft
10/06/2021 10/06/21 Price Changed $695,000 -2.1% $643 / Sq Ft
09/22/2021 09/22/21 For Sale $710,000 +86.8% $657 / Sq Ft
09/08/2014 09/08/14 Sold $380,000 -1.3% $352 / Sq Ft
05/10/2014 05/10/14 Price Changed $384,999 0.0% $356 / Sq Ft
03/24/2014 03/24/14 For Sale $385,000 +8.5% $356 / Sq Ft
05/31/2013 05/31/13 Sold $355,000 +1.4% $328 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
04/19/2013 04/19/13 Price Changed $349,999 +0.1% $324 / Sq Ft
02/19/2013 02/19/13 Price Changed $349,500 -6.8% $323 / Sq Ft
12/01/2012 12/01/12 For Sale $374,900 -- $347 / 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 $3,311 $216,000 $151,000 $65,000
2024 $3,311 $245,000 $170,000 $75,000
2023 $4,516 $342,000 $250,000 $92,000
2022 $3,628 $277,000 $100,000 $177,000
2021 $3,525 $277,000 $100,000 $177,000
2019 $3,070 $213,800 $100,000 $113,800
2018 $5,053 $401,378 $116,188 $285,190
2016 $4,648 $385,794 $111,677 $274,117
2015 $4,459 $380,000 $110,000 $270,000
2014 $4,323 $356,611 $105,476 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21207822

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-034