NOT LISTED FOR SALE

Estimated Value: $308,000 - $472,000

Studio
1 Bath
492 Sq Ft
7,370 Sq Ft Lot

Sale Details

Date Sold: January 14, 2025

Last sale price $350,000 $711 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,847 / mo

87 Days on Market

Highlights

  • Clubhouse
  • Quartz Countertops
  • Living Room
  • Wood Flooring
  • Neighborhood Views
  • 3-minute walk to Lincoln Park

About This Home

As of January 2025

Historic Charm Meets Modern Living and Lucrative Investment in Downtown Long Beach. One of the few buildings in Long Beach that allow Airbnb. This is a great investment opportunity. Nestled within the iconic art deco Sovereign Building on Ocean Blvd, this beautifully refreshed studio condo offers the perfect blend of historic elegance, contemporary comfort, and proven income potential. Step inside to discover refinished wood flooring, a brand-new gourmet kitchen complete with quartz countertops, a gas stove/oven with a stylish range hood, and soft-close drawers and cabinets. The fully remodeled bathroom boasts new tile flooring and a luxurious frameless shower. Currently thriving as a successful Airbnb rental with consistent bookings, this condo presents an exceptional turnkey investment opportunity. Beyond your private sanctuary, enjoy the building's grand lobby with its original marble flooring, a 12th-floor library perfect for quiet contemplation, and a rooftop Solarium offering breathtaking views of the Queen Mary, harbor, ocean, and stunning sunsets. Additional conveniences include a community laundry room, secure access, and a storage area for your belongings. Centrally located, you're just steps away from the vibrant energy of downtown Long Beach. Explore The Pike, the convention center, the Aquarium of the Pacific, and a plethora of coffee houses, shops, craft breweries, art galleries. With easy freeway access, the rest of Southern California is within your reach. This unique condo is ideal for those seeking a blend of historic character, modern living, and a smart investment in the heart of Long Beach. Schedule your viewing today!

Last Agent to Sell the Property

Lisa Bryant

Major League Properties Brokerage Phone: 7147191923 License #01996856 Listed on: 09/26/2024

Last Buyer's Agent

Amy Black

Redfin License #01454740

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1922

Lot Details

  • 7,370

HOA Fees

  • $411 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 492 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room
  • Neighborhood Views
  • Quartz Countertops
  • Laundry in unit

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Rain Gutters
  • Two or More Common Walls
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 3 / B
  • Assessor Parcel Number 7278005049
  • $240 per year additional tax assessments

Community Details

Overview

  • 98 Units
  • Sovereign Association, Phone Number (714) 891-1522

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Bike Trail

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1922

Lot Details

7,370 Sq Ft Lot

HOA Fees

$411 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LBPD6
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278005049
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 492.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Full Bathrooms: 1
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 711.38
  • Room Type: Entry, Kitchen, Living Room
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Water, Management, Controlled Access
  • Association Fee: 411.15
  • Association Fee Frequency: Monthly
  • Association Name: Sovereign
  • Phone: 714-891-1522
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Gutters, Sidewalks
  • Association Management: Sovereign

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7371.00
  • Lot Size Acres: 0.1692

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7371.0000 Square Feet
  • Number Of Units In Community: 98
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5760.01
  • Tax Lot: 3
  • TaxOtherAnnualAssessmentAmount: 240.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Jan 6, 2025
Sold by
Bought by
Seller's Agent
Lisa Bryant
Major League Properties
Buyer's Agent
Amy Black
Redfin
List Price
$379,000
Sold Price
$350,000
Premium/Discount to List
-$29,000
-7.65%
Views
140
Current Estimated Value
$365,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,322
Avg. Annual Appreciation
2.92%

Purchase Details

Listed on
Feb 5, 2022
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
Thomas Kadar
Keller Williams Legacy
Buyer's Agent
Lisa Bryant
Major League Properties
List Price
$375,000
Sold Price
$377,000
Premium/Discount to List
$2,000
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.71%

Purchase Details

Listed on
Feb 23, 2019
Closed on
Jun 21, 2019
Sold by
Bought by
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Christopher Hospedales
Inc Real Estate
List Price
$224,900
Sold Price
$225,500
Premium/Discount to List
$600
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.55%
Original Mortgage
$310,400
Interest Rate
0.037%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2019
Closed on
Apr 3, 2019
Sold by
Bought by
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Christopher Hospedales
Inc Real Estate
List Price
$224,900
Sold Price
$225,500
Premium/Discount to List
$600
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
0.043%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
$350,000 First American Title Company
$377,000 First American Title Company O
$320,000 First American Title Company
$225,500 Old Republic Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $6,400
Previous Owner $310,400
Previous Owner $166,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2025 01/14/25 Sold $350,000 -4.1% $711 / Sq Ft
11/04/2024 11/04/24 Price Changed $365,000 -3.7% $742 / Sq Ft
09/26/2024 09/26/24 For Sale $379,000 +0.5% $770 / Sq Ft
05/03/2022 05/03/22 Sold $377,000 +0.5% $766 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
04/08/2022 04/08/22 Price Changed $375,000 0.0% $762 / Sq Ft
04/08/2022 04/08/22 For Sale $375,000 -3.8% $762 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
02/05/2022 02/05/22 For Sale $390,000 0.0% $793 / Sq Ft
07/14/2020 07/14/20 Rented $1,595 0.0% --
07/07/2020 07/07/20 Price Changed $1,595 -5.9% $3 / Sq Ft
07/06/2020 07/06/20 Price Changed $1,695 -5.6% $3 / Sq Ft
07/01/2020 07/01/20 Price Changed $1,795 -4.3% $4 / Sq Ft
06/29/2020 06/29/20 For Rent $1,875 0.0% --
08/27/2019 08/27/19 Sold $320,000 -4.7% $650 / Sq Ft View Prior Sale
07/25/2019 07/25/19 Pending -- -- --
06/22/2019 06/22/19 For Sale $335,800 +48.9% $683 / Sq Ft
04/26/2019 04/26/19 Sold $225,500 +0.3% $458 / Sq Ft View Prior Sale
02/28/2019 02/28/19 Pending -- -- --
02/23/2019 02/23/19 For Sale $224,900 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,343 $400,074 $318,362 $81,712
2024 $5,114 $392,230 $312,120 $80,110
2023 $5,025 $384,540 $306,000 $78,540
2022 $4,152 $329,780 $131,912 $197,868
2021 $4,048 $323,315 $129,326 $193,989
2019 $846 $53,964 $8,082 $45,882
2018 $831 $52,907 $7,924 $44,983
2016 $767 $50,854 $7,617 $43,237
2015 $745 $50,091 $7,503 $42,588
2014 $747 $49,111 $7,357 $41,754
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24196748

California Regional Multiple Listing Service (CRMLS)

APN: 7278-005-049

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