Seller's Agent in 2025
Wesley Wellman
Wellman Realty Co.
(424) 265-8872
1 in this area
16 Total Sales
207 E Broadway Unit 401 Long Beach, CA 90802
Downtown Neighborhood
1
Bed
2
Baths
1,310
Sq Ft
$482/mo
HOA Fee
Highlights
- City View
- 2-minute walk to 1St Street Station
- Air Conditioning
- Long Beach Polytechnic High School Rated A
- Midcentury Modern Architecture
- 1-minute walk to Harvey Milk Promenade Park
About This Home
As of August 2025New-York-style loft living in the Historical Insurance Exchange Building in Long Beach. An eight-story Beaux Arts building constructed in 1925, it was added to the National Register of Historic Places in 2003 and is currently part of the Mills Act tax abatement program. The building is one of downtown's finest terra cotta clad structures, with rich polychrome ornamentation. It underwent an adaptive reuse to create loft residential units. Original brick and mortar walls, exposed ducts, high ceilings, concrete beams and lots of large windows for amazing views. Gourmet kitchen with stainless steel Viking appliances, large counter tops and recessed lighting. Inside laundry, AC & heating. Also, a custom personal walk-in closet, large bathroom with a dual vanity, separate 2-person shower and deep tub with jetted jacuzzi and in-unit washer/dryer.. Bonus large separate storage room just outside front door.. Situated in the heart of Downtown Long Beach Dining & Entertainment District. Just a short distance to the Marina, Ocean, The Pike, restaurants, Performing Arts Center, Convention Center, Arts District, Shoreline Village, Pier, Aquarium of the Pacific, grocery stores and public transportation. Parking terms and conditions apply. Unit 402 also available for sale at $749,000. Unit 401 and 402 take up the entire fourth floor.
Last Agent to Sell the Property
Wellman Realty Co. License #00467451 Listed on: 07/12/2024
Property Details
Home Type
- Condominium
Year Built
- Built in 1925
HOA Fees
- $482 Monthly HOA Fees
Home Design
- Midcentury Modern Architecture
- Entry on the 4th floor
Interior Spaces
- 1,310 Sq Ft Home
- 1-Story Property
- Dining Area
- City Views
- Laundry in unit
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Full Bathrooms
Utilities
- Air Conditioning
Listing and Financial Details
- Assessor Parcel Number 7280-019-027
Community Details
Overview
- 14 Units
Pet Policy
- Call for details about the types of pets allowed
Security
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2024
Closed on
Jul 17, 2025
Sold by
Werkheiser Trust and Wichmann Gregory Scott
Bought by
Young Stanton and Young Rylie
Seller's Agent
Wesley Wellman
Wellman Realty Co.
Buyer's Agent
Andrew Jevin
Compass
List Price
$799,000
Sold Price
$675,000
Premium/Discount to List
-$124,000
-15.52%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$986
Avg. Annual Appreciation
-0.42%
Original Mortgage
$540,000
Outstanding Balance
$537,612
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$136,402
Purchase Details
Listed on
Mar 9, 2012
Closed on
Feb 17, 2012
Sold by
Chen David and Asauo Aya
Bought by
Wichmann Gregory Scott and Wichmann Tina Louise
Seller's Agent
Mike Norton
Seven Gables Real Estate
Buyer's Agent
Mike Norton
Seven Gables Real Estate
Sold Price
$2,350
Purchase Details
Closed on
Sep 9, 2005
Sold by
Loft Developments Inc
Bought by
Chen David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,200
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $675,000 | Old Republic Title Company | |
| Grant Deed | $340,000 | Netco Title Company | |
| Grant Deed | $659,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | New Conventional | |
| Previous Owner | $527,200 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $675,000 | -3.4% | $515 / Sq Ft |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | Price Changed | $699,000 | -6.7% | $534 / Sq Ft |
| 09/09/2024 09/09/24 | Price Changed | $749,000 | -6.3% | $572 / Sq Ft |
| 07/12/2024 07/12/24 | For Sale | $799,000 | 0.0% | $610 / Sq Ft |
| 09/01/2016 09/01/16 | Rented | $2,675 | -4.3% | -- |
| 07/18/2016 07/18/16 | For Rent | $2,795 | +30.3% | -- |
| 11/17/2012 11/17/12 | Rented | $2,145 | -8.7% | -- |
| 11/17/2012 11/17/12 | Under Contract | -- | -- | -- |
| 09/15/2012 09/15/12 | For Rent | $2,350 | 0.0% | -- |
| 03/29/2012 03/29/12 | Rented | $2,350 | -6.0% | -- |
| 03/23/2012 03/23/12 | Under Contract | -- | -- | -- |
| 03/09/2012 03/09/12 | For Rent | $2,500 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $4,313 | $284,000 | $133,480 | $150,520 |
| 2024 | $4,313 | $308,000 | $100,000 | $208,000 |
| 2023 | $5,583 | $410,466 | $193,161 | $217,305 |
| 2022 | $5,060 | $387,000 | $183,000 | $204,000 |
| 2021 | $4,870 | $320,000 | $150,000 | $170,000 |
| 2019 | $3,993 | $257,000 | $100,000 | $157,000 |
| 2018 | $3,109 | $237,000 | $100,000 | $137,000 |
| 2016 | $5,958 | $360,750 | $169,765 | $190,985 |
| 2015 | $5,752 | $355,332 | $167,215 | $188,117 |
| 2014 | $5,694 | $348,373 | $163,940 | $184,433 |
Source: Public Records
Agents Affiliated with this Home
-
Wesley Wellman
-
Jules Ayora
Seller Co-Listing Agent in 2025
Jules Ayora
Seven Gables Real Estate
(714) 840-1031
2 in this area
32 Total Sales
-
Andrew Jevin
Buyer's Agent in 2025
Andrew Jevin
Compass
(310) 919-6081
1 in this area
32 Total Sales
-
Mike Norton
Seller's Agent in 2016
Mike Norton
Seven Gables Real Estate
(562) 577-5021
13 Total Sales
Map
Source: The MLS
MLS Number: 24-418985
APN: 7280-019-027
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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