$655,000
SOLD FEB 4, 2021

207 E Broadway Unit 701 Long Beach, CA 90802

Downtown Neighborhood
1 Bed
1 Bath
1,220 Sq Ft
$541/mo HOA Fee

Recently Sold

$537 Per Sq Ft

23% Below List Price

352 Days on Market

Highlights

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

About This Home

As of February 2021

Top Floor. Amazing price improvement...don't wait this is priced to sell. Rare opportunity to live in this Historical Insurance Exchange Building. Beautiful loft style living on a top floor with amazing views. Original brick and mortar walls, exposed ducts, high ceilings, concrete beams, wood floors and lots of large windows for amazing views. Gourmet kitchen with stainless steel Viking appliances, granite counter tops and recessed lighting. Inside laundry, AC & heating. This loft features a bonus upper loft area, walk-in closet, large bathroom which has a dual vanity with separate shower and deep tub with jetted jacuzzi. Large separate storage room and 2 secured parking spaces are included. Building is Historical and part of the Mills Act. Situated in the heart of Downtown Long Beach Dining & Entertainment District. 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 and public transportation. Please see Virtual Video.

Last Agent to Sell the Property

Debra Kahookele

Vylla Home, Inc License #01757031 Listed on: 01/18/2020

Last Buyer's Agent

Kent Ashcraft

Redfin Corporation License #01949765

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,464

Year Built

  • Built in 1925

HOA Fees

  • $541 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Gated Parking
  • Parking Lot
  • Off-Site Parking
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,220 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Brick Wall or Ceiling
  • High Ceiling
  • Loft
  • Wood Flooring
  • City Lights Views
  • Intercom
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Location

  • Property is near a park
  • Urban Location

Additional Features

  • Patio
  • 1 Common Wall
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53766
  • Assessor Parcel Number 7280019033

Community Details

Overview

  • 12 Units
  • Inex Association, Phone Number (562) 756-0527
  • Jeff Hall HOA
  • Maintained Community

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,464

Year Built

Built in 1925

Lot Details

0

HOA Fees

$541 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Other Phone Description: 310-781-0839
  • Other Phone Number: 310-781-0839
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBCC
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 7280019033
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1220.00 Square Feet
  • Interior Amenities: Brick Walls, Built-in Features, High Ceilings, Intercom, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 536.89
  • Room Type: Loft, Walk-In Closet
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Gated, Off Site, Parking Space, Private
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, 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: Maintenance Grounds, Trash, Call for Rules, Management
  • Association Fee: 541.10
  • Association Fee Frequency: Monthly
  • Association Name: INEX
  • Phone: 562-756-0527
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Urban
  • Association Management: Jeff Hall

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Walkstreet
  • 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 Total: 12

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
$714,072

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
3.34%
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
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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 Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed $655,000 Lawyers Title
Grant Deed $350,000 Ticor Title Company
Grant Deed $792,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,600 New Conventional
Previous Owner $633,600 Negative Amortization
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: SB20011329

California Regional Multiple Listing Service (CRMLS)

APN: 7280-019-033