NOT LISTED FOR SALE

Estimated Value: $3,135,000

5 Beds
1 Bath
500 Sq Ft
$6,270/Sq Ft Est. Value

Last Sold December 01, 2015

Last sale price $101,000 $202 Per Sq Ft

Est. 3,004% increase in value since last sale

Current estimated payment $19,761/month

58 Days on Market

Highlights

  • No Units Above
  • 3-minute walk to Pacific Station
  • Courtyard Views
  • 0.26 Acre Lot
  • Wood Flooring

About This Home

As of December 2015

Motivated Seller - must be all cash (financing not available). GREAT FOR AN OWNER OCCUPANT OR FIRST TIME/SEASONED INVESTOR! Buy this unit at well below the average price for a downtown LB unit. Collect rent of $795 from existing tenant with room for to increase. Seller is offering his portfolio for sale at a great price. You can pick up two other units, unit 17 located in this same building and the other just a few blocks away at 635 Elm Ave #6, as a package deal. This studio top floor unit contains much of its original charm with built in cabinets in the living room and hardwood floors. The kitchen has the original cabinets with tiled countertops. The full size bathroom has a deep tub with shower. There is a bonus area that can be used as a open bedroom space. This unit has lots of of extra storage and gets lots of sunlight as it overlooks the central courtyard. The dues are low at only $136/month paid quarterly. This unit's convenient location near public transportation, restaurants, attractions and Pine Street, makes it a great place to live. The city of Long Beach has been improving the downtown area for years and it really shows. Expensive lofts, apartments and condos have been, and are being built in the surrounding neighborhood.

Last Agent to Sell the Property

Michael Pack

Keller Williams Coastal Prop. License #01352651 Listed on: 09/01/2015

Keller Williams Coastal Prop.

Last Buyer's Agent

Audrey Flemmings

Berkshire Hathaway HomeServices California Properties License #01299040

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1919

Lot Details

  • 0.26 Acre Lot
  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $136 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1 Full Bathroom
  • 500 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Courtyard Views

Additional Features

  • Exterior Lighting
  • Urban Location
  • Sewer Paid

Community Details

  • Master Insurance
  • 24 Units

Listing and Financial Details

  • Legal Lot and Block 22 / 62
  • Tax Tract Number 5759
  • Assessor Parcel Number 7280011016

Property Details

Home Type

Co-Op

Year Built

Built in 1919

Lot Details

0

HOA Fees

$136 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Property Sub Type: Stock Cooperative
  • Property Type: Residential
  • Parcel Number: 7280011016
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 500.00
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Wood
  • Full Bathrooms: 1
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 202.00

Exterior Features

  • View: Courtyard
  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Quarterly, Gas, Insurance, Sewer
  • Association Fee: 408.00
  • Association Fee Frequency: Quarterly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Size Sq Ft: 11237.00
  • Price Per Lot Square Foot: 8.99
  • Lot Size Acres: 0.2580

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11237.0000 Square Feet
  • Number Of Units In Community: 24
  • Number Of Units Total: 24

Tax Info

  • Tax Block: 62
  • Tax Lot: 22
  • Tax Tract Number: 5759.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2012
Sold by
Gibbs Lee A
Bought by
Gibbs Lee A
Current Estimated Value
$3,135,000

Purchase Details

Closed on
Aug 17, 2011
Sold by
Gibbs Katherine A
Bought by
Gibbs Lee A and Katherine A Gibbs Revocable Family Trust

Purchase Details

Closed on
Jun 14, 2006
Sold by
Campbell Marjorie S
Bought by
Jacobson Lissa E

Purchase Details

Closed on
May 9, 1994
Sold by
Myers Julian W
Bought by
Myers Julian W and Myers Marion B
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gibbs Lee A -- None Available
Gibbs Lee A -- None Available
Jacobson Lissa E -- None Available
Myers Julian W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2015 12/01/15 Sold $101,000 -1.9% $202 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
10/13/2015 10/13/15 Price Changed $103,000 -7.2% $206 / Sq Ft
10/01/2015 10/01/15 Price Changed $111,000 -8.3% $222 / Sq Ft
09/01/2015 09/01/15 For Sale $121,000 +120.0% $242 / Sq Ft
12/23/2014 12/23/14 Sold $55,000 0.0% $110 / Sq Ft View Prior Sale
08/08/2014 08/08/14 Off Market $55,000 -- --
07/29/2014 07/29/14 Price Changed $62,500 0.0% $125 / Sq Ft
07/29/2014 07/29/14 For Sale $62,500 -3.8% $125 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
05/19/2014 05/19/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $65,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15193312

California Regional Multiple Listing Service (CRMLS)

APN: 7280-011-016