NOT LISTED FOR SALE

Galaxy Towers 2999 E Ocean Blvd Unit 640 Long Beach, CA 90803

Bluff Park Neighborhood

Estimated Value: $961,585 - $1,048,000

2 Beds
2 Baths
1,510 Sq Ft
$663/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $687,000 $455 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,762/month

68 Days on Market

Highlights

  • Ocean View
  • Gated Parking
  • Midcentury Modern Architecture
  • Woodrow Wilson High School Rated A
  • 31,015 Sq Ft lot
  • 3-minute walk to Junipero Beach/Long Beach City Beach

About This Home

As of May 2017

Rising above the bluffs along Ocean Boulevard in the Belmont Heights neighborhood of Long Beach sits the famed mid-century condominium tower, The Galaxy. The iconic architectural towers boast units with breathtaking panoramic ocean, coastline, city and mountain views. Each home has been uniquely designed to have no shared walls and 20" between floors allowing for the utmost in privacy. This highly desirable south-east facing unit allows for the building's coolest summer day. Inside you will find walls of glass that open up to allow the abundant natural light to showcase the rich hardwood floors, wet-bar, and crown molding. The radiant heat throughout all ceilings deliver pleasant comfort when not enjoying ocean breezes across the tree-tops. With an opportunity to add your personal style to this unit, this is a rare opportunity in a building that is just seconds from the beaches, restaurants, entertainment and all that this lively city offers.

Last Agent to Sell the Property

Brian Courville

Compass License #01496206 Listed on: 02/17/2017

Compass

Co-Listed By

JB Fung

Compass License #01332492

Last Buyer's Agent

Geoffrey Huang

License #00604222

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.71 Acre Lot
  • Property is zoned LBR2L

HOA Fees

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • Bluff
  • Mountain

Home Design

  • Midcentury Modern Architecture
  • Entry on the 6th floor

Interior Spaces

  • 1,510 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Oven or Range
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Covered Space
  • Gated Parking

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 7264-017-039

Community Details

Overview

  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities
  • Elevator

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

HOA Fees

$698 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Complex Name: Galaxy Tower
  • Entry Floor: 6
  • Living Area: 1510
  • Planned Urban Dev: 0
  • Year Built: 1967
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Garbage Disposal, Ice Maker, Range/Oven, Refrigerator, Water Line to Refrigerator
  • Price Per S Q F T: 462.91

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Bluff, Coastline, Mountains, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Gated Underground

Utilities

  • Heating: Radiant
  • Security: Card/Code Access

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Assoc Pet Rules, Controlled Access, Elevator
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • HOA Fees: 598.00
  • HOA Fees: 100.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 7264-017-039
  • Geocode Override: No
  • Lot Size Area: 31015

Multi Family

  • Number Of Units: 80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2017
Closed on
Apr 27, 2017
Sold by
Watanabe Diane Yurie
Bought by
Vargas Yasmine Daniel
Seller's Agent
Brian Courville
Compass
Buyer's Agent
Geoffrey Huang
List Price
$739,000
Sold Price
$687,000
Premium/Discount to List
-$52,000
-7.04%
Current Estimated Value
$1,000,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,896
Avg. Annual Appreciation
4.45%
Original Mortgage
$400,000
Outstanding Balance
$332,467
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$668,429

Purchase Details

Closed on
Aug 6, 2015
Sold by
Watanabe Diane Yurie
Bought by
Watanabe Diane Yurie and Diane Watanabe Trust

Purchase Details

Closed on
Nov 24, 2003
Sold by
Sjolseth Richard Dale
Bought by
Watanabe Diane Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2001
Sold by
Sjolseth Richard D
Bought by
The Revocable Living Tr Of Richard Dale

Purchase Details

Closed on
Oct 29, 1998
Sold by
Silverman Fred J
Bought by
Sjolseth Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.86%

Purchase Details

Closed on
Jul 2, 1997
Sold by
Sampson Esther F
Bought by
Silverman Fred J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,950
Interest Rate
7.54%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 1997
Sold by
Sampson Esther F
Bought by
Sampson Esther F and Sampson Family Living Trust
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
Vargas Yasmine Daniel $687,000 Equity Title Company
Watanabe Diane Yurie -- None Available
Watanabe Diane Y $472,500 Equity Title
Sjolseth Richard Dale -- Equity Title
The Revocable Living Tr Of Richard Dale -- --
Sjolseth Richard D $238,000 Commonwealth Land Title Co
Silverman Fred J $200,000 Commonwealth Title
Sampson Esther F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Yasmine Daniel $400,000
Previous Owner Watanabe Diane Y $175,000
Previous Owner Sjolseth Richard D $130,000
Previous Owner Silverman Fred J $160,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $687,000 -1.7% $455 / Sq Ft
03/24/2017 03/24/17 Price Changed $699,000 -5.4% $463 / Sq Ft
02/17/2017 02/17/17 For Sale $739,000 -- $489 / Sq Ft
Source: The MLS

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 $9,972 $797,315 $565,665 $231,650
2024 $9,972 $781,682 $554,574 $227,108
2023 $9,806 $766,355 $543,700 $222,655
2022 $9,196 $751,330 $533,040 $218,290
2021 $9,017 $736,599 $522,589 $214,010
2019 $8,888 $714,753 $507,090 $207,663
2018 $8,694 $700,740 $497,148 $203,592
2016 $1,286 $93,357 $52,363 $40,994
2015 $1,239 $91,956 $51,577 $40,379
2014 $1,237 $90,156 $50,567 $39,589
Source: Public Records

Agents Affiliated with this Home

  • Brian Courville

    Seller's Agent in 2017

    Brian Courville

    Compass

    (310) 622-0312

    44 Total Sales

    Brian Courville
    Section Image
  • JB Fung

    Seller Co-Listing Agent in 2017

    JB Fung

    Compass

    (323) 315-7463

    20 Total Sales

    JB Fung
    Section Image

  • G

    Buyer's Agent in 2017

    Geoffrey Huang

  • M

    Buyer's Agent in 2017

    Mary Schreiber

See All Agents

About Galaxy Towers

Map

Source: The MLS

MLS Number: 17-190638

The MLS

APN: 7264-017-039

California Los Angeles County Long Beach 90803 Bluff Park

2999 E Ocean Blvd Unit 640, Long Beach, CA

Not Listed for Sale

Detached

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