NOT LISTED FOR SALE

Estimated Value: $676,000 - $766,000

1 Bed
1 Bath
1,244 Sq Ft
$424/mo HOA Fee

Last Sold February 07, 2020

Last sale price $647,000 $520 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,589/month

71 Days on Market

Highlights

  • Golf Course Community
  • 2-minute walk to Pacific Station
  • Great Room
  • Long Beach Polytechnic High School Rated A
  • Panoramic View
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of February 2020

Views, Views and more Views! Welcome to the Historic Kress Lofts, located in the Heart of the Long Beach downtown entertainment corridor. This upper floor space features gleaming concrete floors, a fantastic host kitchen with breakfast bar, a dining room, and an expansive great room. Intimate master suite coupled with a resort inspired bathroom. North/South facing windows provide excellent natural airflow, and the communal deck provides breathtaking views of Downtown Long Beach, in addition to an ample patio and barbecue area. The Kress Lofts has just been awarded Mills Act recognition with an ample property tax savings. Located just steps away from the Metro Blue Line, restaurants, theaters, shopping, nightlife, fitness centers, Aquarium of the Pacific, LB Performing Arts Center, Marina and Beach.

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 11/01/2019

Last Buyer's Agent

Raul Vega

Bankers Investment Group Inc. License #01870029

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,565

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $424 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Panoramic
  • City Lights
  • Mountain

Interior Spaces

  • 1,244 Sq Ft Home
  • Great Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Two or More Common Walls
  • Urban Location
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009061

Community Details

Overview

  • 49 Units
  • Kress Lofts HOA, Phone Number (310) 618-0500
  • Bali Management HOA
  • 9-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Golf Course Community
  • Dog Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Service
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,565

Year Built

Built in 1925

Lot Details

0

HOA Fees

$424 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009061
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1244.00 Square Feet
  • Stories: 9
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 520.10
  • Room Type: Great Room

Exterior Features

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

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Trash, Sewer, Water, Pet Rules, Pets Permitted, Security, Controlled Access, Hot Water
  • Association Fee: 424.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Phone: 3106180500
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Gutters, Sidewalks, Street Lights, 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 In Community: 49
  • Number Of Units Total: 1

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Jan 28, 2020
Sold by
Aschmoneit Dirk A
Bought by
Lara Xavier
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Raul Vega
Bankers Investment Group Inc.
List Price
$649,000
Sold Price
$647,000
Premium/Discount to List
-$2,000
-0.31%
Current Estimated Value
$709,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,994
Avg. Annual Appreciation
2.17%
Original Mortgage
$516,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2018
Closed on
Jul 10, 2018
Sold by
Aguirre Marco A
Bought by
Aschmoneit Dirk A
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
William Hayward
Y Realty
List Price
$640,000
Sold Price
$635,000
Premium/Discount to List
-$5,000
-0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.26%
Original Mortgage
$444,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2013
Closed on
Feb 7, 2013
Sold by
Oleary Alicia
Bought by
Aguirre Marco A
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Marie Picarelli
24 Hour Real Estate
List Price
$410,000
Sold Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$389,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2009
Sold by
Oleary Keith
Bought by
Oleary Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,750
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2009
Sold by
Us Bank National Association
Bought by
Oleary Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,750
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2009
Sold by
Barrett Lindon
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 30, 1996
Sold by
443-449 Pine Avenue Partners Ii Ltd
Bought by
Barrett Lindon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,250
Interest Rate
8.2%
Source: Public Records

Range of Values:

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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
Lara Xavier $645,000 Provident Title Company
Aschmoneit Dirk A $635,000 Ticor Title Company Of Calif
Aguirre Marco A $410,000 North American Title Company
Oleary Alicia -- Lsi Title Company Ca
Oleary Alicia $301,000 Lsi Title Company Ca
Us Bank National Association $227,500 Fidelity Natl Title Ins Co
Barrett Lindon $195,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lara Xavier $526,000
Closed Lara Xavier $516,000
Previous Owner Aschmoneit Dirk A $440,000
Previous Owner Aschmoneit Dirk A $444,500
Previous Owner Aguirre Marco A $389,500
Previous Owner Oleary Alicia $225,750
Previous Owner Barrett Lindon $394,200
Previous Owner Barrett Lindon $378,000
Previous Owner Barrett Lindon $270,000
Previous Owner Barrett Lindon $236,800
Previous Owner Barrett Lindon $150,250
Closed Barrett Lindon $9,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $647,000 -0.3% $520 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
11/17/2019 11/17/19 For Sale $649,000 +0.3% $522 / Sq Ft
11/11/2019 11/11/19 Off Market $647,000 -- --
11/01/2019 11/01/19 For Sale $649,000 +2.2% $522 / Sq Ft
08/09/2018 08/09/18 Sold $635,000 -0.8% $510 / Sq Ft
07/10/2018 07/10/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $640,000 +56.1% $514 / Sq Ft
04/05/2013 04/05/13 Sold $410,000 0.0% $330 / Sq Ft
03/25/2013 03/25/13 For Sale $410,000 0.0% $330 / Sq Ft
02/04/2013 02/04/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $410,000 -- $330 / 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 $3,565 $231,000 $143,000 $88,000
2024 $3,565 $261,000 $162,000 $99,000
2023 $4,619 $346,000 $250,000 $96,000
2022 $4,119 $321,000 $221,000 $100,000
2021 $4,094 $321,000 $221,000 $100,000
2020 $3,782 $286,000 $200,000 $86,000
2019 $3,416 $251,200 $80,000 $171,200
2018 $5,607 $443,722 $97,401 $346,321
2016 $5,155 $426,494 $93,620 $332,874
2015 $4,946 $420,088 $92,214 $327,874
2014 $4,907 $411,860 $90,408 $321,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19256749

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-061