NOT LISTED FOR SALE

207 E Broadway Unit 701 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $712,000 - $778,000

1 Bed
1 Bath
1,420 Sq Ft
5,053 Sq Ft Lot

Last Sold February 04, 2021

Last sale price $655,000 $461 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,512/month

Highlights

  • Neighborhood Views
  • 2-minute walk to 1St Street Station
  • Dogs and Cats Allowed
  • Long Beach Polytechnic High School Rated A
  • Central Heating and Cooling System
  • 1-minute walk to Harvey Milk Promenade Park

About This Home

As of August 2021

Stunning Loft in Historical Insurance Exchange Building with Breathtaking Views!!

Now leasing a stunning loft condo unit in the historical Insurance Exchange Building. An inspired 2-level plan creates a distinct bedroom area upstairs and organizes the otherwise raw industrial aesthetic with soaring 16-foot ceilings above, natural hardwood flooring underfoot, and exposed concrete posts, aged brick walls, and open steel support beams that set the stage for unique urban living, dining, and entertaining. A dramatic presentation greets guests with breathtaking views from 2 "walls of windows" offering fantastic urban views of downtown Long Beach, stretching from Palos Verdes Peninsula to the Pacific Ocean, plus all-day natural lighting, with the added benefit of fully opening windows that allow for great cross breezes through the space. At the heart of it all is a beautifully updated kitchen with solid surface counter prep space. The kitchen also boasts a rolling chef's island that also serves as a gathering space and seating for two. The gourmet kitchen comes with a suite of appliances including a stainless steel range, dishwasher, and microwave oven. A spacious bathroom features an over-sized shower with dual heads, a separate jetted tub, dual vanity sinks, and a window above the tub that opens to the main living area offering city views from the bathroom. There is a walk-in wardrobe closet with racks and drawers.

The loft is lit with an arrangement of designer lighting fixtures along with pendants and recessed cans. Also included is unreserved spaces in the parking structure next door, central A/C & heat, most utilities paid, and pets are considered. Centered in beautiful Downtown Long Beach, with its fine dining, shopping, nightlife, and famed beachfront all in close proximity this truly unique space will please even the most discerning residents!

Last Agent to Rent the Property

David Haas

Ernst & Haas Mngmnt Co., Inc. License #01126617 Listed on: 07/27/2021

Last Renter's Agent

David Haas

Ernst & Haas Mngmnt Co., Inc. License #01126617 Listed on: 07/27/2021

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,464

Year Built

  • Built in 1925

Lot Details

  • 5,053

Interior Spaces

  • 1,420 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,200
  • Rent includes gas, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 7/27/21
  • Tax Lot 1
  • Tax Tract Number 53766
  • Assessor Parcel Number 7280019033

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units
  • Downtown Subdivision

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $500
  • Dogs and Cats Allowed
  • Breed Restrictions

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,464

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2021-07-27
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3200
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBCC
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7280019033
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1420.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.25
  • Room Type: Master Bathroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Long Beach Unified

Lot Info

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

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 5055.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Rent Includes: Gas, Trash Collection, Water

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2023
Sold by
Cheek Mark and Cheek Maria
Bought by
Cheek Maldonado Trust and Cheek
Current Estimated Value
$749,626

Purchase Details

Listed on
Jan 18, 2020
Closed on
Jan 21, 2021
Sold by
Simon Daniel
Bought by
Cheek Mark and Maldonado Maria
Seller's Agent
Debra Kahookele
Vylla Home, Inc
Buyer's Agent
Kent Ashcraft
Redfin Corporation
List Price
$850,000
Sold Price
$655,000
Premium/Discount to List
-$195,000
-22.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$308,600
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2011
Sold by
Hoes Maximiliaan and Hoes Michelle Dion
Bought by
Simon Daniel

Purchase Details

Closed on
Sep 12, 2005
Sold by
Loft Developments Inc
Bought by
Hoes Maximiliaan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,600
Interest Rate
1%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cheek Maldonado Trust -- None Listed On Document
Cheek Mark $655,000 Lawyers Title
Simon Daniel $350,000 Ticor Title Company
Hoes Maximiliaan $792,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheek Mark $308,600
Previous Owner Hoes Maximiliaan $633,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Rented $3,195 0.0% --
07/27/2021 07/27/21 For Rent $3,195 0.0% --
02/04/2021 02/04/21 Sold $655,000 -0.8% $537 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/18/2020 12/18/20 Price Changed $660,000 -2.2% $541 / Sq Ft
12/04/2020 12/04/20 Price Changed $675,000 -3.4% $553 / Sq Ft
10/03/2020 10/03/20 Price Changed $699,000 -3.6% $573 / Sq Ft
08/28/2020 08/28/20 Price Changed $725,000 -9.0% $594 / Sq Ft
08/07/2020 08/07/20 Price Changed $797,000 -0.3% $653 / Sq Ft
07/11/2020 07/11/20 Price Changed $799,000 -1.4% $655 / Sq Ft
06/16/2020 06/16/20 Price Changed $810,000 -3.0% $664 / Sq Ft
02/22/2020 02/22/20 Price Changed $835,000 -1.8% $684 / Sq Ft
01/18/2020 01/18/20 For Sale $850,000 0.0% $697 / Sq Ft
09/08/2018 09/08/18 Rented $3,500 +6.1% --
08/30/2018 08/30/18 Under Contract -- -- --
08/21/2018 08/21/18 Price Changed $3,300 -5.7% $3 / Sq Ft
08/13/2018 08/13/18 For Rent $3,500 -- --
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 $4,464 $250,000 $172,500 $77,500
2024 $4,464 $322,000 $250,000 $72,000
2023 $4,821 $351,000 $250,000 $101,000
2022 $4,052 $304,000 $100,000 $204,000
2021 $3,171 $252,000 $100,000 $152,000
2020 $3,192 $252,000 $100,000 $152,000
2019 $4,640 $266,000 $150,000 $116,000
2018 $3,029 $238,000 $150,000 $88,000
2016 $4,516 $378,788 $119,047 $259,741
2015 $4,298 $370,000 $116,300 $253,700
2014 $3,894 $330,000 $103,700 $226,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21164498

California Regional Multiple Listing Service (CRMLS)

APN: 7280-019-033