NOT LISTED FOR SALE

Estimated Value: $1,066,000 - $1,222,000

2 Beds
2 Baths
1,580 Sq Ft
0.98 Acres Lot

Sale Details

Date Sold: July 19, 2019

Last sale price $912,500 $578 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,082 / mo

2 Days on Market

Highlights

  • Concierge
  • Beach Front
  • Property has ocean access
  • Long Beach Polytechnic High School Rated A
  • Ocean View
  • Guarded Parking

About This Home

As of July 2019

Exquisite Penthouse luxury condominium with views from every room, located in a secure, concierge-staffed resort-style building.  Welcome to The Ocean Club, one of Long Beach’s premier oceanfront communities. This 15th Floor Penthouse stuns with its floor-to-ceiling glass walls, perfectly framing views of the Pacific Ocean, Catalina Island, the Queen Mary and the entire LA Basin.  Just under 1600 square feet of sanctuary, featuring two generously sized bedrooms, including a true master retreat, two walk-in closets, two full bathrooms and interior laundry. The outdoor balcony makes you feel like you are on top of the world and offers a great space for entertaining or a romantic view. Building amenities include 24-hour concierge, dry cleaning and laundry service, secure acceptance of your packages, gym, sauna, and an extra large patio deck, perched over the sand, which offers room for entertaining or simply relaxing by the pool, in the jacuzzi, or around the fire pit.  This home contains two secure side-by-side underground parking spaces, as well as direct access to the beach, with showers conveniently located as you walk back into the property, after playing in the sand. Walking distance to Pine Ave and all of its nightlife, restaurants, freeways and public transportation.

Last Agent to Sell the Property

Heather Reeves

Origin License #01979155 Listed on: 06/03/2019

Co-Listed By

Dina Clem

Origin License #01306239

Last Buyer's Agent

Samson Debebe

PMI INLAND EMPIRE License #01490045

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • Beach Front
  • Two or More Common Walls

HOA Fees

  • $755 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Guarded Parking

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Panoramic
  • Views of Vincent Thomas Bridge
  • Bridge
  • City Lights
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 1,580 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Sliding Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Storage
  • Sauna

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Pest Guard System

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Living Room Balcony
  • Patio
  • Terrace
  • Outdoor Grill
  • Rain Gutters
  • Awning

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 25192
  • Assessor Parcel Number 7265008121

Community Details

Overview

  • 160 Units
  • The Ocean Club Association, Phone Number (323) 308-8553
  • The Management Trust HOA
  • Maintained Community

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Meeting Room
  • Card Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Community Spa

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1984 | Remodeled

Lot Details

0.98 Acres

HOA Fees

$755 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Gated with Guard, Resident Manager, Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBPD5
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265008121
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1580.00 Square Feet
  • Interior Amenities: Balcony, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Storage, Track Lighting, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 577.53
  • Room Type: All Bedrooms Down, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Sauna, Two Masters, Walk-In Closet
  • Spa Features: Private, Association, Community, Heated
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Remodeled, Separate Tub And Shower, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Rain Gutters
  • View: Bay, Bridge(s), City Lights, Coastline, Harbor, Marina, Mountain(s), Ocean, Panoramic, Vincent Thomas Bridge, Water
  • Patio And Porch Features: Terrace
  • Pool Features: Association, Community, Heated
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Freezer, Ice Maker, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Fire Pit, Barbecue, Outdoor Cooking Area, Pest Control, Clubhouse, Card Room, Recreation Room, Meeting Room, Storage, Concierge, Maintenance Grounds, Trash, Sewer, Water, Call for Rules, Management, Guard, Security, Controlled Access
  • Association Fee: 755.00
  • Association Fee Frequency: Monthly
  • Association Name: The Ocean Club
  • Phone: 323-308-8553
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Urban
  • Association Management: The Management Trust

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 42888.00
  • Lot Size Acres: 0.9846

Multi Family

  • Lease Considered: No
  • Lot Size Area: 42888.0000 Square Feet
  • Number Of Units In Community: 160
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 25192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Jul 1, 2019
Sold by
Trifecta California Properties Llc
Bought by
Haimanot Bekele T and Seifu Tsedey
Seller's Agent
Heather Reeves
Origin
Buyer's Agent
Samson Debebe
PMI INLAND EMPIRE
List Price
$949,999
Sold Price
$912,500
Premium/Discount to List
-$37,499
-3.95%
Current Estimated Value
$1,153,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,711
Avg. Annual Appreciation
3.46%
Original Mortgage
$726,000
Outstanding Balance
$636,041
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$514,049

Purchase Details

Closed on
May 24, 2018
Sold by
Jacoub Jack F
Bought by
Trifecta California Properties Llc

Purchase Details

Closed on
Mar 26, 2009
Sold by
Jacoub Fakhry A
Bought by
Jacoub Jack F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 17, 2007
Sold by
Rezazadh Farhad
Bought by
Jacoub Fakhry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2005
Sold by
Rezazadh Farhad
Bought by
Rezazadh Farhad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Rezazadh Farhad
Bought by
Rezazadh Farhod and Ugland Azita

Purchase Details

Closed on
Jun 6, 2003
Sold by
Ugland Aztia
Bought by
Rezazadh Farhad

Purchase Details

Closed on
Mar 5, 2003
Sold by
Fairway Equity Llc
Bought by
Rezazadh Farhad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.13%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 6, 2000
Sold by
Vangala Venkat R
Bought by
Fairway Equity Llcc
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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
Haimanot Bekele T $912,500 Fidelity National Title Co
Trifecta California Properties Llc -- None Available
Jacoub Jack F -- First American Title
Jacoub Fakhry A $995,000 First American Title Co
Rezazadh Farhad -- Commonwealth Title
Rezazadh Farhod -- --
Rezazadh Farhad -- First American Title Co
Rezazadh Farhad $652,000 First American Title Co
Fairway Equity Llcc -- --
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 Haimanot Bekele T $726,000
Previous Owner Jacoub Jack F $400,000
Previous Owner Jacoub Fakhry A $597,000
Previous Owner Rezazadh Farhad $805,000
Previous Owner Rezazadh Farhad $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $912,500 -3.9% $578 / Sq Ft
06/03/2019 06/03/19 For Sale $949,999 -- $601 / 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 $12,885 $997,948 $399,179 $598,769
2024 $12,328 $978,381 $391,352 $587,029
2023 $12,123 $959,198 $383,679 $575,519
2022 $11,365 $940,391 $376,156 $564,235
2021 $11,145 $921,953 $368,781 $553,172
2019 $13,650 $1,115,000 $780,600 $334,400
2018 $13,613 $1,115,000 $780,600 $334,400
2016 $13,020 $1,115,000 $780,600 $334,400
2015 $11,603 $1,020,000 $714,100 $305,900
2014 $9,890 $858,000 $600,700 $257,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19127563

California Regional Multiple Listing Service (CRMLS)

APN: 7265-008-121

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