NOT LISTED FOR SALE

Estimated Value: $725,451

1 Bed
1.5 Baths
1,630 Sq Ft
$470/mo HOA Fee

Last Sold April 18, 2014

Last sale price $370,000 $227 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,903/month

53 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to 5Th Street Station
  • Open Floorplan
  • Long Beach Polytechnic High School Rated A
  • 1.1 Acre Lot
  • 4-minute walk to Harvey Milk Promenade Park

About This Home

As of April 2014

Fantastic WORK-LIVE unit at the ultra-cool Blu located in vibrant downtown Long Beach. This unit offers commercial space fronting 4th Street with metered parking directly in front of the entrance door. The commercial space is currently configured as an office with large conference room and handicap-accessible restroom. The walls in this unit can be easily removed for a different business/layout if desired. The upstairs residence is lovely and features high-end finishes, a beautiful kitchen with stainless steel appliances, in-unit laundry, and a comfortable bedroom with a large walk-in closet. The tranquil bathroom has a tub and separate shower. The two parts of the property can be accessed separately if you want to use the commercial space and then lease out the residential space or vice versa. The residential unit is located steps away from the well-equipped gym, putting green, relaxing outdoor space and barbecue area. The luxurious lounge is one level up. Two assigned parking spaces come with the unit.

Last Agent to Sell the Property

Kendra Miller

Keller Williams Coastal Prop. License #01396646 Listed on: 01/06/2014

Keller Williams Coastal Prop.

Last Buyer's Agent

Kendra Miller

Keller Williams Coastal Prop. License #01396646 Listed on: 01/06/2014

Keller Williams Coastal Prop.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,135

Year Built

  • Built in 2008

Lot Details

  • 1.1

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Interior Spaces

  • 1,630 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Great Room
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Walk-In Closet

Home Security

Additional Features

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

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 63261
  • Assessor Parcel Number 7281009039

Community Details

Overview

  • 82 Units
  • Blu Association, Phone Number (949) 450-0202
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Card Room

Recreation

  • Fitness Center

Security

  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,135

Year Built

Built in 2008

Lot Details

0

HOA Fees

$470 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System
  • Subdivision Name Other: Blu
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7281009039
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1630.00
  • Interior Amenities: Elevator, Furnished, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Price Per Square Foot: 226.99
  • Room Type: Great Room, Main Floor Bedroom, Walk-In Closet

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet, Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Phone Extension: 541
  • Amenities: Barbecue, Billiard Room, Clubhouse, Card Room, Controlled Access, Dues Paid Monthly, Gym/Ex Room, Maintenance Grounds
  • Association Fee: 470.00
  • Association Fee Frequency: Monthly
  • Association Name: BLU
  • Phone: 949.450.0202
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Schools

  • School District: Long Beach Unified

Lot Info

  • Lot Size Sq Ft: 47740.00
  • Lot Size Acres: 1.0960

Multi Family

  • Lease Considered: No
  • Lot Size Area: 47740.0000 Square Feet
  • Number Of Units In Community: 82
  • Number Of Units Total: 82

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 63261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2014
Closed on
Apr 16, 2014
Sold by
Dally Plan Llc
Bought by
Luo Hongbo
Seller's Agent
Kendra Miller
Keller Williams Coastal Prop.
Buyer's Agent
Kendra Miller
Keller Williams Coastal Prop.
List Price
$444,000
Sold Price
$370,000
Premium/Discount to List
-$74,000
-16.67%
Current Estimated Value
$725,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,451
Avg. Annual Appreciation
6.04%
Original Mortgage
$230,000
Outstanding Balance
$175,140
Interest Rate
4.23%
Mortgage Type
Commercial
Estimated Equity
$547,431

Purchase Details

Closed on
Jun 21, 2011
Sold by
Martinez Lee A and Martinez Tina D
Bought by
Daily Plan Llc

Purchase Details

Closed on
Feb 9, 2011
Sold by
Gateway & 4Th Llc
Bought by
Martinez Lee A and Martinez Tina D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,940
Interest Rate
5.75%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Luo Hongbo $370,000 Old Republic Title Company
Daily Plan Llc -- None Available
Martinez Lee A $365,000 First American Title Nhs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luo Hongbo $230,000
Previous Owner Martinez Lee A $218,940
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2014 04/18/14 Sold $370,000 -10.8% $227 / Sq Ft
02/12/2014 02/12/14 Price Changed $415,000 -6.5% $255 / Sq Ft
01/06/2014 01/06/14 For Sale $444,000 -- $272 / 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 $6,135 $453,558 $134,840 $318,718
2024 $6,135 $444,666 $132,197 $312,469
2023 $6,024 $435,948 $129,605 $306,343
2022 $5,660 $427,401 $127,064 $300,337
2021 $5,736 $419,022 $124,573 $294,449
2019 $5,634 $406,595 $120,879 $285,716
2018 $5,499 $398,623 $118,509 $280,114
2016 $5,118 $383,146 $113,908 $269,238
2015 $4,920 $377,391 $112,197 $265,194
2014 $5,002 $381,363 $114,963 $266,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14002826

California Regional Multiple Listing Service (CRMLS)

APN: 7281-009-039