Seller's Agent in 2025
Nicole Wright
Seven Gables Real Estate
(562) 394-7647
2 in this area
24 Total Sales
207 E Broadway Unit 402 Long Beach, CA 90802
Downtown Neighborhood
1
Bed
1.5
Baths
1,360
Sq Ft
$482/mo
HOA Fee
Highlights
- City Lights View
- 2-minute walk to 1St Street Station
- Open Floorplan
- Long Beach Polytechnic High School Rated A
- Updated Kitchen
- 1-minute walk to Harvey Milk Promenade Park
About This Home
As of October 2025Experience New York–style loft living at the iconic Insurance Exchange Building, a historic 1925 Beaux Arts gem in the heart of Downtown Long Beach. Listed on the National Register of Historic Places and part of the coveted Mills Act tax abatement program; this architectural treasure blends timeless character with modern luxury. The corner-unit loft showcases dramatic features—original exposed brick and mortar walls, soaring ceilings with concrete beams, and expansive north- and west-facing windows that flood the space with natural light and city views. Industrial details like exposed ducts pair seamlessly with high-end finishes, creating the perfect urban retreat. The gourmet kitchen is designed for both function and style, offering a massive island, granite countertops, custom walnut cabinetry, recessed lighting, and premium stainless steel Viking range. The spa-inspired primary bath includes dual vanities, a two-person rain shower, and a deep jetted jacuzzi tub, while a separate powder room provides added convenience for guests. Additional highlights include central heat and A/C, in-unit laundry, a custom walk-in closet, secured fob entry, private parking (terms apply), and a personal storage room located just outside your front door. Situated along the lively Promenade, this loft places you steps from the city’s best dining, shopping, and entertainment. The Marina, Shoreline Village, Convention Center, Aquarium of the Pacific, Performing Arts Center, and Arts District are all within easy reach, along with public transit for commuters.
This is a rare chance to own a piece of Long Beach history while enjoying significant property tax savings and a modern, urban lifestyle.
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Phone: 562-713-0037 License #01815895 Listed on: 09/02/2025
Last Buyer's Agent
Seven Gables Real Estate Brokerage Phone: 562-713-0037 License #01815895 Listed on: 09/02/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,548
Year Built
- Built in 1925
HOA Fees
- $482 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Available
- Assigned Parking
- Controlled Entrance
- Community Parking Structure
Home Design
- Contemporary Architecture
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 1,360 Sq Ft Home
- Open Floorplan
- Built-In Features
- Brick Wall or Ceiling
- High Ceiling
- Family Room Off Kitchen
- Loft
- Storage
- City Lights Views
Kitchen
- Updated Kitchen
- Open to Family Room
- Gas Range
- Microwave
- Dishwasher
- Kitchen Island
- Built-In Trash or Recycling Cabinet
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- Walk-In Closet
- Remodeled Bathroom
- Dual Sinks
- Bathtub
- Separate Shower
Laundry
- Laundry Room
- Stacked Washer and Dryer
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- 1 Common Wall
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 53766
- Assessor Parcel Number 7280019028
- $487 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 14 Units
- Inex Association, Phone Number (714) 745-0353
- Dynamic Property Group, Llc HOA
- Downtown Subdivision
- 6-Story Property
Recreation
- Bike Trail
Additional Features
- Community Storage Space
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2025
Closed on
Sep 19, 2025
Sold by
Wichmann Gregory Scott and Wichmann Tina Louise
Bought by
Inex 207 Llc
Seller's Agent
Nicole Wright
Seven Gables Real Estate
Buyer's Agent
Nicole Wright
Seven Gables Real Estate
List Price
$698,000
Sold Price
$685,000
Premium/Discount to List
-$13,000
-1.86%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.25%
Purchase Details
Closed on
Feb 19, 2013
Sold by
Wichmann Gregory Scott and Wichmann Tina Louise
Bought by
Wichmann Gregory Scott and Wichmann Tina Louise
Purchase Details
Closed on
Dec 6, 2012
Sold by
Wichmann Gregory Scott and Wichmann Tina Louise
Bought by
Wichmann Gregory Scott and Wichmann Tina Louise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 3, 2012
Sold by
Wichmann Gregory Scott and Wichmann Tina Louise
Bought by
Wichmann Gregory Scott and Wichmann Tina Louise
Purchase Details
Closed on
Mar 8, 2010
Sold by
Becker Ronald E
Bought by
Wichmann Gregory Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Interest Rate
4.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 4, 2006
Sold by
Loft Developments Inc
Bought by
Becker Ronald E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
7.45%
Mortgage Type
Fannie Mae Freddie Mac
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 | $685,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Title365 Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $326,000 | North American Title Company | |
| Grant Deed | $670,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $243,000 | New Conventional | |
| Previous Owner | $244,500 | New Conventional | |
| Previous Owner | $536,000 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | Sold | $685,000 | -1.9% | $504 / Sq Ft |
| 09/13/2025 09/13/25 | Pending | -- | -- | -- |
| 09/02/2025 09/02/25 | For Sale | $698,000 | -- | $513 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $4,548 | $299,000 | $224,250 | $74,750 |
| 2024 | $4,548 | $326,000 | $226,000 | $100,000 |
| 2023 | $5,504 | $403,221 | $301,815 | $101,406 |
| 2022 | $5,078 | $387,566 | $290,097 | $97,469 |
| 2021 | $4,881 | $348,000 | $280,000 | $68,000 |
| 2019 | $4,324 | $276,000 | $200,000 | $76,000 |
| 2018 | $3,318 | $254,000 | $200,000 | $54,000 |
| 2016 | $4,324 | $354,384 | $265,259 | $89,125 |
| 2015 | $4,150 | $349,062 | $261,275 | $87,787 |
| 2014 | $4,121 | $342,225 | $256,157 | $86,068 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Wright
-
Jules Ayora
Seller Co-Listing Agent in 2025
Jules Ayora
Seven Gables Real Estate
(714) 840-1031
2 in this area
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25196910
APN: 7280-019-028
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