NOT LISTED FOR SALE

Estimated Value: $619,212 - $772,000

1 Bed
1 Bath
1,044 Sq Ft
$380/mo HOA Fee

Last Sold October 24, 2018

Last sale price $560,000 $536 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,530/month

14 Days on Market

Highlights

  • City Lights View
  • 2-minute walk to Pacific Station
  • Outdoor Cooking Area
  • Long Beach Polytechnic High School Rated A
  • Property is near public transit
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of October 2018

Stunning, split level contemporary loft in the Historic Kress Loft Building. This opulent 8th floor space features city views from every room, vaulted ceilings, brick facades, and a stylish combination of hardwood and flagstone flooring. Nicely upgraded kitchen and bathrooms. The common areas include access to a rooftop deck with world class panoramic harbor/city views and a gourmet barbecue for your outdoor entertaining. Parking is downstairs, secure and under 24 hour surveillance. Excellent freeway access to 710, 405 and 22 if your commute is by auto. Located in the heart of the Downtown Long Beach entertainment district, the location provides walkable access to gourmet dining, nightlife, fitness centers, shopping, LB Performing Arts/Convention Center, Metrolink and your morning coffee house. Hurry, this one is too good to last!

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 08/23/2018

Last Buyer's Agent

Chris Alvarado

Home Smart Realty Group License #01931352

Home Smart Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,471

Year Built

  • Built in 1925

Lot Details

  • 0.34

HOA Fees

  • $380 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Loft

Interior Spaces

  • 1,044 Sq Ft Home
  • Brick Wall or Ceiling
  • Ceiling Fan
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Accessible Elevator Installed
  • No Common Walls
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009059

Community Details

Overview

  • Kress Lofts HOA, Phone Number (310) 699-8006

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,471

Year Built

Built in 1925

Lot Details

0

HOA Fees

$380 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: washer dryer, stove, dishwasher
  • Property Attached: No
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 7280009059
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1044.00 Square Feet
  • Interior Amenities: Brick Walls, Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Three Or More
  • Price Per Square Foot: 536.40
  • Room Type: Loft

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: Radiant
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area
  • Association Fee: 380.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Phone: 3106998006
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 15028.00

Multi Family

  • Lease Considered: No
  • 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

Closed on
Jul 16, 2020
Sold by
Odegard David Mark and Odegard Cynthia Kreide
Bought by
Odegard David Mark and Odegard Cynthia Kreide
Current Estimated Value
$693,053

Purchase Details

Listed on
Aug 23, 2018
Closed on
Sep 12, 2018
Sold by
Brian Sadfer and Quintero Andrea
Bought by
Odegard David M and Odegard Cynthia K
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Chris Alvarado
Home Smart Realty Group
List Price
$570,000
Sold Price
$560,000
Premium/Discount to List
-$10,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$280,000
Outstanding Balance
$246,170
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$454,164

Purchase Details

Listed on
Sep 10, 2013
Closed on
Dec 27, 2013
Sold by
Stockton Kevin
Bought by
Sadler Brian and Quintero Andrea
Seller's Agent
Beatrix Whipple
Keller Williams Pacific Estate
Buyer's Agent
Gary Elvidge
Douglas Elliman Of California
List Price
$415,000
Sold Price
$385,000
Premium/Discount to List
-$30,000
-7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$308,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2009
Sold by
Stockton Kathleen P
Bought by
Stockton Norman C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,600
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2009
Sold by
Turney George A
Bought by
Stockton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,600
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 1996
Sold by
443-449 Pine Avenue Partners Ii Ltd
Bought by
Turney George A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
8.01%
Mortgage Type
Seller Take Back
Source: Public Records

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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
Odegard David Mark -- None Available
Odegard David M $560,000 Ticor Title
Sadler Brian $385,000 Ticor Title Tustin Orange Co
Stockton Norman C -- Chicago Title Company
Stockton Kevin $367,000 Chicago Title Company
Turney George A $184,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odegard David M $280,000
Previous Owner Sadler Brian $300,800
Previous Owner Sadler Brian $308,000
Previous Owner Stockton Kevin $289,675
Previous Owner Stockton Kevin $293,600
Previous Owner Turney George A $250,000
Previous Owner Turney George A $142,863
Previous Owner Turney George A $147,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2018 10/24/18 Sold $560,000 -1.8% $536 / Sq Ft
08/23/2018 08/23/18 For Sale $570,000 0.0% $546 / Sq Ft
07/28/2015 07/28/15 Rented $2,600 0.0% --
07/28/2015 07/28/15 For Rent $2,599 0.0% --
01/27/2014 01/27/14 Sold $385,000 -2.5% $369 / Sq Ft
12/23/2013 12/23/13 Pending -- -- --
11/20/2013 11/20/13 Price Changed $395,000 -2.5% $378 / Sq Ft
10/19/2013 10/19/13 Price Changed $405,000 -2.4% $388 / Sq Ft
09/10/2013 09/10/13 For Sale $415,000 +7.8% $398 / Sq Ft
09/09/2013 09/09/13 Off Market $385,000 -- --
09/09/2013 09/09/13 For Sale $415,000 -- $398 / 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
2024 $3,471 $249,000 $177,000 $72,000
2023 $4,190 $307,000 $250,000 $57,000
2022 $3,722 $283,000 $200,000 $83,000
2021 $4,593 $358,000 $250,000 $108,000
2020 $3,326 $250,000 $180,000 $70,000
2019 $3,296 $244,200 $100,000 $144,200
2018 $5,319 $414,782 $123,895 $290,887
2016 $4,894 $398,678 $119,085 $279,593
2015 $4,697 $392,691 $117,297 $275,394
2014 $4,195 $344,000 $103,000 $241,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18203632

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-059