$701,000 - $800,295
RENTED FEB 2, 2025
1 Bed
2 Baths
1,651 Sq Ft
$1,000/mo HOA Fee

Highlights

  • Ocean View
  • 2-minute walk to Pacific Station
  • Great Room
  • Long Beach Polytechnic High School Rated A
  • High Ceiling
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of February 2025

Penthouse living at its finest atop the Historic Landmark Kress Loft Building. 270 degree Southern California views await you from your exclusive rooftop deck adorned with a fire pit table, hardwood decking and abundant planter boxes awaiting your green thumb. Completely remodeled indoors, with its 270 degrees of glass this space is like being the “big-fish” in your own personal fish bowl. Vaulted ceilings, polished concrete floors, recessed lighting, push-button fireplace controls, custom window treatments, open ducting, the upgrades are too extensive to list. The modern kitchen features a marble topped center island, gas stove,custom hardwood cabinetry and top-of-the line stainless steel appliances. Two luxuriously appointed bathrooms are finished to be the envy of any lavish spa. A massive walk-in closet with stackable LG washer/dryer make laundry day a breeze. The main room also features a Murphy bed pull out cabinet perfect for your overnight guests. Two basement parking spaces are included. Located in the center of the Historic Pine Corridor of Downtown Long Beach, footsteps to gourmet restaurants, nightclubs, Performing Arts, Convention Center, coffee houses, the beach and the Metrolink station. There is currently construction occurring on the rooftop so rent will commence at $5000/month for the first year, then will increase to $6000 after the first year or when construction is complete; whichever happens last.

Last Agent to Rent the Property

William Hayward

Y Realty Brokerage Phone: 310-466-9671 License #01722898 Listed on: 10/15/2024

Last Renter's Agent

NoEmail NoEmail

NONMEMBER MRML

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,222

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Marina
  • City Lights

Interior Spaces

  • 1,651 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • High Ceiling
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Additional Features

  • No Common Walls
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $10,000
  • Rent includes sewer
  • 24-Month Minimum Lease Term
  • Available 10/16/24
  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009067
  • Seller Considering Concessions

Community Details

Overview

  • $250 HOA Transfer Fee
  • 49 Units
  • Kress Lofts HOA

Recreation

  • Dog Park
  • Water Sports
  • Horse Trails
  • Bike Trail

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,222

Year Built

Built in 1925

Lot Details

0

HOA Fees

$1,000 per month

Parking

2

Rental Info

  • Available Date: 2024-10-16
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 10000
  • Furnished: Partially
  • Total Move In Costs: 10250.00
  • Transfer Fees: 250.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, dishwasher, washer/dryer, stove, outdoor furniture, custom indoor sofa, dining room table and chairs, bar stools
  • Property Attached: No
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7280009067
  • Year Built: 1925
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1651.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Entry Location: 8
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 8
  • Fireplace Features: Living Room, Patio
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.33
  • Room Type: Great Room, Kitchen

Exterior Features

  • View: City Lights, Marina, Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 1000.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress Lofts HOA
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters, Horse Trails, Watersports, Sidewalks, Urban

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Size: 2725
  • Lot Size Sq Ft: 15031.00
  • Lot Size Acres: 0.3451

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 24 Months
  • Lot Size Area: 15031.0000 Square Feet
  • Management Co: Action Management
  • Number Of Units In Community: 49
  • Number Of Units Total: 1
  • Rent Includes: Sewer

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
Aug 20, 2021
Sold by
Adams Natasha
Bought by
Loft Penthouse Llc
Current Estimated Value
$734,074

Purchase Details

Closed on
Apr 2, 2014
Sold by
Lombard Kenneth
Bought by
Adams Natasha C

Purchase Details

Closed on
Feb 15, 2011
Sold by
Andrews Donna Lee
Bought by
Andrews Donna and The Donna Andrews Family Trust

Purchase Details

Closed on
May 31, 2002
Sold by
James Jesse and James Karla Kathleen
Bought by
Andrews Donna Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.69%

Purchase Details

Closed on
Jun 7, 2001
Sold by
Box George
Bought by
James Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,300
Interest Rate
6.87%

Purchase Details

Closed on
Jan 21, 2000
Sold by
Barnett Robert J and Barnett Louis W
Bought by
Box George

Purchase Details

Closed on
Oct 10, 1997
Sold by
J Peter Block Companies
Bought by
Box George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,175
Interest Rate
7.33%
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
Loft Penthouse Llc -- None Available
Adams Natasha C -- None Available
Andrews Donna -- None Available
Andrews Donna Lee $680,000 Old Republic Title Company
James Jesse $599,000 Old Republic Title Company
Box George -- North American Title Co
Box George $439,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrews Donna Lee $544,000
Previous Owner James Jesse $419,300
Previous Owner Box George $329,175
Closed Box George $109,725
Closed James Jesse $119,800
Closed Andrews Donna Lee $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2025 02/02/25 Rented $5,500 +10.0% --
10/15/2024 10/15/24 For Rent $5,000 -- --
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 $4,222 $280,000 $42,000 $238,000
2024 $4,222 $302,000 $45,000 $257,000
2023 $5,811 $430,000 $60,000 $370,000
2022 $5,235 $403,000 $60,000 $343,000
2021 $5,206 $403,000 $60,000 $343,000
2020 $4,565 $347,000 $60,000 $287,000
2019 $4,458 $267,800 $60,000 $207,800
2018 $6,001 $465,367 $69,263 $396,104
2016 $5,518 $447,298 $66,574 $380,724
2015 $5,296 $440,580 $65,574 $375,006
2014 $5,255 $803,401 $118,144 $685,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24213578

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-067