NOT LISTED FOR SALE

207 E Broadway Unit 602 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $687,000 - $712,000

1 Bed
1.5 Baths
1,360 Sq Ft
$455/mo HOA Fee

Last Sold May 13, 2022

Last sale price $785,000 $577 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,458/month

5 Days on Market

Highlights

  • City Lights View
  • 2-minute walk to 1St Street Station
  • Midcentury Modern Architecture
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • 1-minute walk to Harvey Milk Promenade Park

About This Home

As of May 2022

Loft-style living..you will love this high floor, turn-key loft. This is a rare opportunity to live in this Historical Insurance Exchange Building in the heart of Downtown Long Beach Dining & Entertainment District on the Promenade. Originally known as the Middoughs Building now known as the INEX or Insurance Exchange Building. It has its original brick and mortar walls, exposed ducts, high ceilings, concrete beams and original industrial windows for spectacular city views. There are only 2 units per floor so relax in your private, corner/end loft and gaze at all the amazing city lights. Enjoy dinner from your gourmet style kitchen which has stainless steel Vikings appliances including a desired 6-burner stove any amazing cook would love. Washer & dryer are inside. There’s also central A/C & heating which is always a must. Master bathroom has dual vanity with separate shower and deep soaking tub with jetted jacuzzi. On top of all this it has its own separate large storage closet just outside the front door. Rare for downtown, included is one parking space. (Temporary during construction parking is located nearby). Building is historical and part of the Mills Act tax abatement program. Situated in the heart of Downtown Long Beach Dining & Entertainment District, this loft is just walking distance to the Marina, Ocean, The Pike, restaurants, Performing Arts Center, Convention Center, Arts District, Shoreline Village, Pier, Aquarium of the Pacific, grocery stores, public transportation and so much more.

Last Agent to Sell the Property

Debra Kahookele

Vylla Home, Inc License #01757031 Listed on: 04/01/2022

Last Buyer's Agent

Nancy Alpough

Keller Williams Realty License #02087434

Keller Williams Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1925

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $455 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Parking Lot

Property Views

  • City Lights
  • Mountain

Home Design

  • Midcentury Modern Architecture
  • Turnkey
  • Brick Exterior Construction
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,360 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Recessed Lighting
  • Blinds
  • Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Home Security

Outdoor Features

  • Patio
  • Exterior Lighting

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53766
  • Assessor Parcel Number 7280019032

Community Details

Overview

  • 14 Units
  • Inex Association, Phone Number (562) 505-6204
  • Jeff Hall HOA
  • Downtown Subdivision

Recreation

  • Park

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1925

Lot Details

0

HOA Fees

$455 per month

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBCC
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280019032
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1360.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Brick Walls, Open Floorplan, Recessed Lighting
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 577.21
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet
  • Window Features: Blinds
  • Bathroom Features: Double Sinks In Master Bath, Separate Tub And Shower

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s)
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Concrete

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Covered, Parking Space
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Water, Pet Rules
  • Association Fee: 455.32
  • Association Fee Frequency: Monthly
  • Association Name: INEX
  • Phone: 562-505-6204
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park, Sidewalks, Street Lights, Urban
  • Association Management: Jeff Hall

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 5055.00
  • Lot Size Acres: 0.1160

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5055.0000 Square Feet
  • Number Of Units In Community: 14
  • Number Of Units Total: 14

Tax Info

  • Tax Census Tract: 5762.00
  • Tax Lot: 1
  • Tax Tract Number: 53766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 13, 2022
Sold by
Amstone Joshua Carl and Ams Jennifer
Bought by
Alpough Family Trust
Seller's Agent
Debra Kahookele
Vylla Home, Inc
Buyer's Agent
Nancy Alpough
Keller Williams Realty
List Price
$800,000
Sold Price
$785,000
Premium/Discount to List
-$15,000
-1.88%
Current Estimated Value
$704,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,208
Avg. Annual Appreciation
-2.89%
Original Mortgage
$706,343
Outstanding Balance
$660,840
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$43,952

Purchase Details

Listed on
Oct 15, 2013
Closed on
Nov 12, 2013
Sold by
Inex Llc
Bought by
Amstone Joshua and Amstone Jennifer
Seller's Agent
Mike Norton
Seven Gables Real Estate
Buyer's Agent
Mike Norton
Seven Gables Real Estate
List Price
$484,900
Sold Price
$475,000
Premium/Discount to List
-$9,900
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$225,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2010
Sold by
Ortiz David M and Makitra Ortiz Katherine M
Bought by
Inex Llc

Purchase Details

Closed on
May 15, 2006
Sold by
Loft Developments Inc
Bought by
Ortiz David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,200
Interest Rate
6.79%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Alpough Family Trust $785,000 Lawyers Title
Amstone Joshua $475,000 North American Title Co
Inex Llc $315,000 North American Title Company
Ortiz David M $706,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpough Family Trust $706,343
Previous Owner Amstone Joshua $225,000
Previous Owner Ortiz David M $565,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2022 05/13/22 Sold $785,000 -1.9% $577 / Sq Ft
04/07/2022 04/07/22 For Sale $800,000 +1.9% $588 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
04/02/2022 04/02/22 Off Market $785,000 -- --
04/01/2022 04/01/22 For Sale $800,000 0.0% $588 / Sq Ft
09/16/2017 09/16/17 Rented $3,000 0.0% --
08/21/2017 08/21/17 Under Contract -- -- --
08/12/2017 08/12/17 Price Changed $3,000 -6.3% $2 / Sq Ft
07/31/2017 07/31/17 For Rent $3,200 0.0% --
12/13/2013 12/13/13 Sold $475,000 -2.0% $337 / Sq Ft View Prior Sale
11/25/2013 11/25/13 Pending -- -- --
10/15/2013 10/15/13 For Sale $484,900 0.0% $344 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
08/31/2013 08/31/13 For Sale $484,900 0.0% $344 / Sq Ft
08/11/2013 08/11/13 Pending -- -- --
07/05/2013 07/05/13 Price Changed $484,900 +70.2% $344 / Sq Ft
07/05/2013 07/05/13 For Sale $284,900 -- $202 / 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 $3,804 $295,000 $200,600 $94,400
2024 $3,804 $266,000 $200,000 $66,000
2023 $4,444 $318,000 $200,000 $118,000
2022 $4,060 $309,000 $200,000 $109,000
2021 $3,861 $279,000 $180,000 $99,000
2020 $3,527 $279,000 $180,000 $99,000
2019 $4,106 $271,000 $150,000 $121,000
2018 $3,173 $242,000 $150,000 $92,000
2016 $5,832 $491,878 $196,751 $295,127
2015 $5,595 $484,490 $193,796 $290,694
2014 $5,551 $475,000 $190,000 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22065642

California Regional Multiple Listing Service (CRMLS)

APN: 7280-019-032