NOT LISTED FOR SALE

Estimated Value: $1,408,402 - $1,556,000

3 Beds
2 Baths
1,551 Sq Ft
$925/mo HOA Fee

Last Sold January 27, 2025

Last sale price $1,522,500 $982 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,149/month

131 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • No Units Above
  • Long Beach Polytechnic High School Rated A
  • Spa
  • Primary Bedroom Suite

About This Home

As of January 2025

ON THE SAND! Amazing Penthouse Value: a rare top-floor corner unit with spectacular Pacific Ocean, Catalina island and Coastline views—with sailboats, palm trees and a Queen Mary View. This large 3-bedroom home has a wonderfully open floor plan that maximizes the light, the ocean breezes and the stunning views. From the entryways' wood flooring to its tall coffered ceiling, your first impression is you’re in a very special home. And you’re right! There are 10-foot ceilings throughout! There’s a spacious kitchen with double ovens, a 5-burner cooktop and breakfast bar that opens to the dining room and living areas. The living room has a romantic gas-burning fireplace and three sliding doors, with clerestory windows above, opening to both a side balcony and an expansive wraparound balcony looking out to the ocean. The owner’s suite also opens to the balcony, has a large walk-in closet plus an extra smaller closet, jetted tub, double vanity, private toilet, and separate shower. The generously sized second and third bedrooms, side-by-side laundry and guest bath are all off the front hall. Best of all, there is only one common interior wall. The 1500 Ocean Building offers a resort-style atmosphere, with lovely heated pool, spa, gym, and even a beautiful clubhouse. Plus there’s a fabulous roof-top deck with its own magnificent coastline and bike-path views, patio furniture, barbecue and plenty of room for group gatherings. This lovely community has a highly desirable location that’s directly on the sand with easy beach access! Talk about a great location! You’re in close proximity to the downtown urban vibe and lifestyle, with the business district, the Long Beach Performing arts center and theaters, fine dining, the Pike, Rainbow Harbor, the Aquarium and more. And you’re also close to Belmont Shore, with its fun and eclectic Second Street’s trendy shops, great dining, entertainment and nightlife. Plus there’s the Belmont Pier, the bike path, beach volleyball, dog beach and frequent beach events—all the makings of a relaxed and fun beach experience. You have the best of locations! Plus the building has controlled access and secured entrances. This home also has two side-by-side secure parking places just outside the lobby and convenient to elevator access. There’s also Guest Parking and a secure storage unit. You're going to love living here!

Last Agent to Sell the Property

Heidi Brantley

Coldwell Banker Realty Brokerage Phone: 562-708-1235 License #01291141 Listed on: 08/07/2024

Coldwell Banker Realty

Last Buyer's Agent

Desiree Ryan

First Team Real Estate License #01295767

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2000

Lot Details

  • No Units Above
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

HOA Fees

  • $925 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Automatic Gate

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,551 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Carpet

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Spa
  • Balcony
  • Concrete Porch or Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 52245
  • Assessor Parcel Number 7265015096
  • $275 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 70 Units
  • 1500 Ocean Association, Phone Number (562) 739-1500
  • Secondary HOA Phone (949) 716-3998
  • Powerstone HOA
  • Alamitos Beach Subdivision, Plan D
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Recreation Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions
  • Pet Size Limit

Security

  • Security Service
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2000

Lot Details

0

HOA Fees

$925 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Automatic Gate, Gated Community
  • Subdivision Name Other: 1500 E. Ocean
  • View: Yes
  • Zoning: LBPPDS
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265015096
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1551.00 Square Feet
  • Interior Amenities: Balcony, Crown Molding, Elevator, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 4
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 981.62
  • Room Type: All Bedrooms Down, Primary Suite
  • Spa Features: Association
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Privacy Toilet Door
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water
  • Patio And Porch Features: Concrete
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Range Hood
  • Heating Type: Central
  • Laundry Features: In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Recreation Room, Storage, Earthquake Insurance, Insurance, Maintenance Grounds, Trash, Pet Rules, Weight Limit, Security, Controlled Access
  • Association Fee: 925.00
  • Association Fee Frequency: Monthly
  • Association Name: 1500 Ocean
  • Phone: 562-739-1500
  • Association Phone #2: 949-716-3998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Powerstone

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 37910.00
  • Lot Size Acres: 0.8703

Multi Family

  • Lease Considered: No
  • Lot Size Area: 37910.0000 Square Feet
  • Number Of Units In Community: 70
  • Number Of Units Total: 70

Tax Info

  • Tax Census Tract: 5766.2
  • Tax Lot: 1
  • Tax Tract Number: 52245
  • TaxOtherAnnualAssessmentAmount: 275.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2010
Sold by
Johnson Charles P and Johnson Helen P
Bought by
Shi Yang
Current Estimated Value
$1,504,101

Purchase Details

Closed on
Aug 16, 2005
Sold by
Johnson Charles P and Johnson Helen P
Bought by
Johnson Charles P

Purchase Details

Closed on
Jan 27, 2005
Sold by
Zhao Roger and Lin Lily Li
Bought by
Johnson Charles P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2003
Sold by
Zeux Group Inc
Bought by
Zhao Roger

Purchase Details

Closed on
Nov 4, 2000
Sold by
1500 Ocean Avenue Llc
Bought by
Martin David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,900
Interest Rate
7.82%
Mortgage Type
Balloon
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
Shi Yang $1,070,000 North American Title Company
Johnson Charles P -- --
Johnson Charles P $1,100,000 North American Title Co
Zhao Roger -- First American
Martin David W $710,000 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Charles P $880,000
Previous Owner Martin David W $567,900
Closed Martin David W $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2025 01/27/25 Sold $1,522,500 -3.3% $982 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/18/2024 09/18/24 Price Changed $1,575,000 -4.5% $1,015 / Sq Ft
08/07/2024 08/07/24 For Sale $1,650,000 -- $1,064 / 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 $16,131 $1,277,000 $501,000 $776,000
2024 $16,131 $1,277,000 $501,000 $776,000
2023 $16,176 $1,277,000 $501,000 $776,000
2022 $13,727 $1,131,000 $444,000 $687,000
2021 $12,254 $1,007,000 $395,000 $612,000
2019 $11,545 $933,000 $366,000 $567,000
2018 $11,504 $933,000 $366,000 $567,000
2016 $11,000 $933,000 $366,000 $567,000
2015 $9,773 $850,000 $333,600 $516,400
2014 $9,883 $850,000 $333,600 $516,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24152386

California Regional Multiple Listing Service (CRMLS)

APN: 7265-015-096