NOT LISTED FOR SALE

Estimated Value: $664,000 - $733,000

1 Bed
1 Bath
1,412 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: June 14, 2023

Last sale price $760,000 $538 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,626 / mo

46 Days on Market

Highlights

  • City Lights View
  • 2-minute walk to Pacific Station
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • Cathedral Ceiling
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of June 2023

Kress Lofts, a Long Beach Landmark. Built in 1925 and converted into lofts in 1995, this is a one-of-a-kind property. This spacious loft is one of the most beautiful units in the building, featuring 15-foot ceilings with exposed roof rafters. An expansive 1,412 sqft space is easily converted into a two-bedroom layout, and a second bathroom could also be added. Offering an expansive open floorplan master suite, vaulted ceilings, hardwood floors, walk-in closet and ample storage. One of the few units in the complex with Central Heat and Air Conditioning. Skylights and three large windows facing Pine Ave provide an abundance of natural light. The Kitchen opens to the large living area and features a massive stainless-steel bar top. In the heart of downtown LB entertainment district, walk to dining, movies, concerts, Metrolink, art galleries, museums, convention center, beach and waterfront. HOA includes secured assigned parking, trash service, security, water, sewer and heating. Enjoy full access to a large community rooftop deck equipped with a gas barbecue , outdoor furniture and a 270-degree city view. The Kress building owners also enjoy significant property tax savings due to the Mills Act designation.

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 03/29/2023

Last Buyer's Agent

Michelle Harding

Keller Williams Coastal Prop. License #01996454

Keller Williams Coastal Prop.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $442 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,412 Sq Ft Home
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Cathedral Ceiling
  • Great Room
  • City Lights Views

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System

Additional Features

  • 1 Common Wall
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009042

Community Details

Overview

  • 51 Units
  • Kress Lofts HOA, Phone Number (800) 400-2284
  • Action Management HOA

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Year Built

Built in 1925

Lot Details

0.35 Acres

HOA Fees

$442 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, dishwasher, stove
  • Property Attached: Yes
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009042
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1412.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Brick Walls, Cathedral Ceiling(s)
  • Common Walls: 1 Common Wall
  • Flooring: Concrete, Wood
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 538.24
  • Room Type: Great Room

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Trash, Sewer, Water, Pet Rules, Pets Permitted, Hot Water
  • Association Fee: 442.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Phone: 8004002284
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Dog Park, Hiking, Gutters, Horse Trails, Park, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Action Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 15028.00
  • Lot Size Acres: 0.3450
  • Latitude Manual: 33.77285300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15028.0000 Square Feet
  • Number Of Units In Community: 51
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 50924

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2023
Closed on
May 17, 2023
Sold by
Bought by
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Michelle Harding
Keller Williams Coastal Prop.
List Price
$749,000
Sold Price
$760,000
Premium/Discount to List
$11,000
1.47%
Views
55
Current Estimated Value
$707,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,393
Avg. Annual Appreciation
-2.22%
Original Mortgage
$746,234
Outstanding Balance
$724,685
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
-$17,078

Purchase Details

Closed on
May 15, 2020
Sold by
Bought by

Purchase Details

Listed on
Feb 25, 2012
Closed on
Jun 19, 2012
Sold by
Bought by
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
John Dixon
Gasper-Monteer Realty Group
List Price
$347,500
Sold Price
$310,000
Premium/Discount to List
-$37,500
-10.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$232,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,800
Interest Rate
7.12%

Purchase Details

Closed on
Dec 28, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.77%

Purchase Details

Closed on
Aug 22, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,425
Interest Rate
8.23%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$760,000 Ticor Title Company
-- None Listed On Document
-- North American Title Company
$310,000 North American Title Company
-- Lawyers Title
$599,000 Fidelity National Title
$421,000 Ort
$250,000 Equity Title
$198,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $746,234
Previous Owner $232,500
Previous Owner $232,500
Previous Owner $479,200
Previous Owner $336,800
Previous Owner $240,000
Previous Owner $148,425
Closed $63,100
Closed $119,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2023 06/14/23 Sold $760,000 0.0% $538 / Sq Ft
05/16/2023 05/16/23 Price Changed $760,000 +1.5% $538 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $749,000 -1.4% $530 / Sq Ft
04/09/2023 04/09/23 Off Market $760,000 -- --
03/29/2023 03/29/23 For Sale $749,000 +141.6% $530 / Sq Ft
06/29/2012 06/29/12 Sold $310,000 -10.8% $228 / Sq Ft View Prior Sale
04/27/2012 04/27/12 Pending -- -- --
02/25/2012 02/25/12 For Sale $347,500 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,529 $240,000 $160,000 $80,000
2024 $4,020 $288,000 $200,000 $88,000
2023 $5,091 $374,246 $114,686 $259,560
2022 $4,115 $311,000 $100,000 $211,000
2021 $4,087 $311,000 $100,000 $211,000
2020 $3,678 $275,000 $100,000 $175,000
2019 $3,698 $255,400 $100,000 $155,400
2018 $4,492 $342,205 $104,868 $237,337
2016 $4,131 $328,919 $100,797 $228,122
2015 $3,966 $323,979 $99,283 $224,696
2014 -- $317,634 $97,339 $220,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23047953

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-042

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