NOT LISTED FOR SALE

Estimated Value: $903,699 - $954,000

2 Beds
2 Baths
1,540 Sq Ft
42,907 Sq Ft Lot

Sale Details

Date Sold: November 4, 2021

Last sale price $750,000 $487 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,726 / mo

44 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • In Ground Pool
  • Long Beach Polytechnic High School Rated A
  • Gated with Attendant
  • Primary Bedroom Suite

About This Home

As of November 2021

The best and NEW OPPORTUNITY with dramatic price adjustment to live in the Iconic Luxury Living Compound of the elite Ocean Club Condominium homes on the Long Beach Coastline. Situated in a private corner suite, beautifully remodeled and upgraded with 1 shared wall, 1540 sf, 2 beds with 2 baths. Remarkable materials and upgrades making this unique & brilliant floorplan of flex living an owner's dream of 2021. The icing on the cake is the sophisticated combination of city views that romance night-time balcony dinners and nostalgia and tranquility for the historian and water lover in us with views of Queen Mary and vignettes of the Pacific Ocean that ground us.
Stroll onto the largest poolside deck with the backdrop the Pacific Ocean, breezes that revive and enhance your vitality, views of the Queen Mary, Palos Verdes & Orange County while pinching yourself, as it reminds you of a like Ritz Carlton stay, but instead it is your new home with no check out.
24/7 concierge; work-out facility; sauna; guest room rentals; cabana and social room rentals; pool and jacuzzi; dry cleaning service and more.
DON'T LET THIS unique financial opportunity of either first home, investment, 1031 exchange, weekend getaway or retirement retreat SLIP THROUGH YOUR FINGERS, it will have many suitor's.
A. Information deemed reliable but not guaranteed; buyer to verify all information provided including but not limited to HOA rules, regulations.

Last Agent to Sell the Property

Charles Provenzano

Vista Sotheby's Int'l Realty License #02079236 Listed on: 07/28/2021

Vista Sotheby's Int'l Realty

Last Buyer's Agent

IVAN NAVARRO

REAL ESTATE ONE License #01177326

REAL ESTATE ONE

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Lot Details

  • End Unit
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Side by Side Parking
  • Garage Door Opener
  • Guest Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • City Lights
  • Woods
  • Peek-A-Boo
  • Mountain
  • Neighborhood

Home Design

  • Modern Architecture
  • Turnkey

Interior Spaces

  • 1,540 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Dry Bar
  • Plantation Shutters
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Pest Guard System

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Living Room Balcony
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Phone Not Available
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 25192
  • Assessor Parcel Number 7265008054

Community Details

Overview

  • 114 Units
  • The Ocean Club Association, Phone Number (562) 435-0055
  • Management Trust HOA
  • 17-Story Property

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Sauna
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0.99 Acres

HOA Fees

$825 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Washer and dryer; refrigerator; microwave
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Fire Sprinkler System, Resident Manager, Smoke Detector(s)
  • View: Yes
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265008054
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1540.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Dry Bar, Granite Counters, Living Room Balcony, Open Floorplan, Pantry
  • Stories: 17
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 487.01
  • Room Type: All Bedrooms Down, Entry, Foyer, Galley Kitchen, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, Heated, In Ground
  • Window Features: Plantation Shutters
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s), Remodeled, Separate Tub And Shower, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Mountain(s), Neighborhood, Peek-A-Boo, Trees/Woods
  • Pool Features: Association, Community, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Garage Faces Side, Garage Door Opener, Guest, On Site, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Not Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Microwave, Range Hood, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Individual Room
  • 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, Pest Control, Gym/Ex Room, Recreation Room, Earthquake Insurance
  • Association Fee: 825.00
  • Association Fee Frequency: Monthly
  • Association Name: the ocean club association
  • Phone: 5624350055
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Gutters, Sidewalks
  • Association Management: Management Trust

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lot Over 40000 Sqft

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 114
  • Number Of Units Total: 114
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 25192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2017
Sold by
Merrill Michael J
Bought by
Merrill Michael J and Michael J Merrill Revocable Trust
Current Estimated Value
$934,675

Purchase Details

Closed on
Nov 6, 2007
Sold by
Foremost Investment Properties
Bought by
Merrill Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$262,367
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$672,308

Purchase Details

Closed on
Feb 21, 2007
Sold by
Isaac Lori E
Bought by
Foremost Investment Properties Llc

Purchase Details

Closed on
Mar 10, 2005
Sold by
Hyatt Barry M and Fincher Barbara L
Bought by
Isaac Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2002
Sold by
Holm Donald J and Holm Karen
Bought by
Hyatt Barry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.09%

Purchase Details

Closed on
Nov 23, 1999
Sold by
Radwine Sameul B and Belmont Holdings
Bought by
Holm Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.95%

Purchase Details

Closed on
Nov 22, 1999
Sold by
D And T Carson Enterprises Inc
Bought by
Radwine Samuel B and Belmont Holdings

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Date Buyer Sale Price Title Company
Merrill Michael J -- None Available
Merrill Michael J $620,000 Fidelity Van Nuys
Foremost Investment Properties Llc $502,100 None Available
Isaac Lori $809,918 Commonwealth Title
Oceanview Family Land & Business Trust -- Commonwealth Title
Hyatt Barry M $350,000 Chicago Title
Holm Donald $299,000 Fidelity Title
Radwine Samuel B $243,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrill Michael J $417,000
Previous Owner Isaac Lori $686,000
Previous Owner Hyatt Barry M $280,000
Previous Owner Holm Donald $239,200
Closed Isaac Lori $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $750,000 0.0% $487 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
09/11/2021 09/11/21 Price Changed $750,000 0.0% $487 / Sq Ft
09/11/2021 09/11/21 For Sale $750,000 0.0% $487 / Sq Ft
09/02/2021 09/02/21 Off Market $750,000 -- --
08/18/2021 08/18/21 For Sale $850,000 0.0% $552 / Sq Ft
10/27/2013 10/27/13 Rented $2,350 -4.1% --
10/27/2013 10/27/13 For Rent $2,450 -- --
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 $10,408 $795,905 $551,828 $244,077
2024 $9,958 $780,300 $541,008 $239,292
2023 $10,013 $782,744 $542,874 $239,870
2022 $9,390 $767,397 $532,230 $235,167
2021 $9,208 $752,351 $521,795 $230,556
2019 $9,076 $730,037 $506,319 $223,718
2018 $8,876 $715,724 $496,392 $219,332
2016 $8,162 $687,933 $477,117 $210,816
2015 $7,829 $677,601 $469,951 $207,650
2014 $7,767 $664,329 $460,746 $203,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21116420

California Regional Multiple Listing Service (CRMLS)

APN: 7265-008-054

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