NOT LISTED FOR SALE

Estimated Value: $609,000 - $729,000

1 Bed
1 Bath
1,150 Sq Ft
$418/ mo HOA Fee

Last Sold August 25, 2022

Last sale price $685,000 $596 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,128/month

41 Days on Market

Highlights

  • City Lights View
  • 2-minute walk to Pacific Station
  • Game Room
  • Long Beach Polytechnic High School Rated A
  • Corner Lot
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of August 2022

Seeing is believing as you step into this beautiful concrete jungle in the heart of Downtown Long Beach. A true gem, this unit features concrete floors, high ceilings, and exposed brick creating a true NYC loft vibe (in the LBC). This one-of-a-kind unit features a fully remodeled kitchen with abundant storage space, sleek European style cabinetry, a peninsula with bar seating, and high-end natural Quartzite countertops. The open floor plan is an entertainer’s dream, but also warm enough for nights in to Netflix and chill. The fully remodeled bathroom features a luxurious hotel spa-feel. A walk in rain shower with custom Quartzite bench cutout and sink countertop provide a luxury hotel feel right at home. For wardrobe, you will enjoy a spacious walk-in closet with custom-made barn doors, and built in shelving for shoes, shirts, accessories or whatever suits your fancy. The home features a dedicated workspace area that is suitable for WFH. AND — this is one of the very few units in the entire building that has AC (+ heating). The unit has a private parking spot and large storage area. The rooftop deck Just one flight up offers some of the most scenic panoramic rooftop views of the city of Long Beach. This breathtaking bonus is perfect for brunching, relaxing while sipping tea / coffee, or BBQ’ing on the gas-powered grill. Centrally located in the heart of downtown, getting around is a breeze by foot or scooter to the numerous foodie spots, coffee shops, bars / nightlife, beachfront and so much more…

The Kress is a historic building and residents benefit from a major property tax break due to the Mills Act.

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 06/25/2022

Last Buyer's Agent

Kathleen Mulcahy-Gallagher

Coldwell Banker Realty License #01962073

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $418 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 1,150 Sq Ft Home
  • Game Room
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Ductless Heating Or Cooling System
  • Hot Water Heating System

Additional Features

  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009045

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1925

Lot Details

0.35 Acres

HOA Fees

$418 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 7280009045
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1150.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 595.65
  • Room Type: Game Room

Exterior Features

  • View: City Lights, Mountain(s)
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Trash, Sewer, Water, Pet Rules, Pets Permitted, Controlled Access, Hot Water
  • Association Fee: 418.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Phone: 8004002284
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Urban
  • Association Management: Action Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 15028.00
  • Lot Size Acres: 0.3450
  • Latitude Manual: 33.77278000

Multi Family

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

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 50924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 15, 2022
Sold by
Geovanni Juarez Jorge
Bought by
Wallin Adriano
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Kathleen Mulcahy-Gallagher
Coldwell Banker Realty
List Price
$745,000
Sold Price
$685,000
Premium/Discount to List
-$60,000
-8.05%
Views
3
Current Estimated Value
$654,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,530
Avg. Annual Appreciation
-1.28%
Original Mortgage
$347,500
Outstanding Balance
$332,228
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$322,242

Purchase Details

Listed on
May 16, 2018
Closed on
Oct 16, 2018
Sold by
Quinonez Ralph E
Bought by
Juarez Jorge Geovanni and Gonzalez Mario
Seller's Agent
Beatrix Whipple
Keller Williams Pacific Estate
Buyer's Agent
Beatrix Whipple
Keller Williams Pacific Estate
List Price
$609,000
Sold Price
$550,000
Premium/Discount to List
-$59,000
-9.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$540,038
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2005
Sold by
Schmid Kelly A
Bought by
Quinonez Ralph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2002
Sold by
Schmid Rodolfo
Bought by
Schmid Kelly A

Purchase Details

Closed on
Jun 23, 2000
Sold by
Power Patrick
Bought by
Milsom Douglas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
8.37%

Purchase Details

Closed on
Feb 19, 1996
Sold by
443-449 Pine Avenue Partners Ii Ltd
Bought by
Power Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,170
Interest Rate
7.04%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallin Adriano $685,000 Ticor Title
Juarez Jorge Geovanni $550,000 Ticor Title
Quinonez Ralph E $500,000 Ort
Schmid Kelly A -- Old Republic Title Company
Milsom Douglas A $235,000 Orange Coast Title
Power Patrick $163,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallin Adriano $347,500
Previous Owner Juarez Jorge Geovanni $540,038
Previous Owner Quinonez Ralph E $270,000
Previous Owner Milsom Douglas A $223,250
Previous Owner Power Patrick $122,170
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2022 08/25/22 Sold $685,000 -2.0% $596 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $699,000 -6.2% $608 / Sq Ft
06/25/2022 06/25/22 For Sale $745,000 +35.5% $648 / Sq Ft
11/07/2018 11/07/18 Sold $550,000 -4.3% $478 / Sq Ft View Prior Sale
10/04/2018 10/04/18 Pending -- -- --
07/16/2018 07/16/18 Price Changed $575,000 -4.0% $500 / Sq Ft
06/11/2018 06/11/18 Price Changed $599,000 -1.6% $521 / Sq Ft
05/16/2018 05/16/18 For Sale $609,000 -- $530 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,655 $232,000 $148,000 $84,000
2024 $3,655 $262,000 $168,000 $94,000
2023 $4,835 $357,000 $250,000 $107,000
2022 $4,289 $329,000 $250,000 $79,000
2021 $4,266 $329,000 $250,000 $79,000
2019 $3,821 $242,000 $100,000 $142,000
2018 $7,330 $587,000 $140,000 $447,000
2016 $5,294 $439,000 $105,000 $334,000
2015 $5,153 $439,000 $105,000 $334,000
2014 $4,880 $410,000 $98,400 $311,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22138778

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-045

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