NOT LISTED FOR SALE

388 E Ocean Blvd Unit 305 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $719,715 - $775,000

2 Beds
2 Baths
1,120 Sq Ft
$624/mo HOA Fee

Last Sold March 31, 2021

Last sale price $589,000 $526 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,391/month

13 Days on Market

Highlights

  • Gated with Attendant
  • 5-minute walk to 1St Street Station
  • City Lights View
  • Spa
  • Primary Bedroom Suite
  • 2.77 Acre Lot

About This Home

As of March 2021

Welcome home to the Aqua Towers! This incredible two bedroom, two bathroom unit facing Ocean Boulevard in the highly sought after Aqua Towers provides luxury and style. Gorgeous Brazilian cherry hardwood floors throughout the entry and open living, dining and kitchen areas as well as the guest bedroom. The large floor to ceiling window in the living area provides natural sunlight along with custom light fixtures throughout. Custom built entertainment center in the living room adds additional storage and style. Granite countertops, stainless steel appliances including brand new refrigerator and full mosaic tile backsplash in the kitchen opens seamlessly to the dining area, perfect for entertaining. The primary bedroom has carpet, adjoining bathroom with shower tub with glass doors, deep soaking tub, huge walk-in custom closet, and it’s own balcony. The second bedroom has guest bathroom access for convenience. Unit 305 is exceptional as it is the largest two bedroom, two bathroom unit of a similar plan/layout and because it is an end unit it provides extra privacy. Aqua towers is a luxury oceanfront highrise community with 24-hour concierge, each tower has it's own fitness center, swimming pool, jacuzzi, sauna, yoga room, conference center & clubhouse. Two parking spots come with this unit as well as subterranean guest parking, close proximity to the beach, shopping and dining in the East Village, the Pike, the Ocean Corridor and Pine Avenue! Resort-style living can be yours!

Last Agent to Sell the Property

Beatrix Whipple

Keller Williams Pacific Estate License #01355505 Listed on: 02/15/2021

Keller Williams Pacific Estate

Last Buyer's Agent

Paul Armstrong

Realty Network License #01763853

Realty Network

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,118

Year Built

  • Built in 2004

Lot Details

  • Two or More Common Walls
  • Level Lot

HOA Fees

  • $624 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Guest Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Contemporary Architecture
  • Turnkey
  • Fire Rated Drywall
  • Common Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,120 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Window Screens
  • Sliding Doors
  • City Lights Views
  • Closed Circuit Camera

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Makeup or Vanity Space
  • Soaking Tub
  • <<tubWithShowerToken>>
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Spa
  • Patio

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7278017072

Community Details

Overview

  • 556 Units
  • Aqua 388 Association, Phone Number (562) 983-0756
  • Aqua HOA

Amenities

  • Community Barbecue Grill
  • Sauna

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated with Attendant
  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,118

Year Built

Built in 2004

Lot Details

0

HOA Fees

$624 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Other Phone Description: Assistant
  • Other Phone Number: 562-760-5975
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Card/Code Access, Closed Circuit Camera(s), Fire Sprinkler System
  • Subdivision Name Other: Aqua Towers
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278017072
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1120.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan, Stone Counters
  • Common Walls: 2+ Common Walls
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 525.89
  • Room Type: Master Suite, Walk-In Closet
  • Spa Features: Community
  • Window Features: Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Granite Counters, Soaking Tub, Vanity Area

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Fence: No
  • Patio And Porch Features: Patio
  • Pool Features: Community
  • Pool Private: No
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue
  • Association Fee: 624.00
  • Association Fee Frequency: Monthly
  • Association Name: Aqua 388
  • Phone: (562) 983-0756
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Aqua

Schools

  • School District: Long Beach Unified

Lot Info

  • Land Lease: No
  • Lot Features: Level, Near Public Transit, Paved
  • Lot Size Sq Ft: 120481.00
  • Lot Size Acres: 2.7659

Multi Family

  • Lease Considered: No
  • Lot Size Area: 120481.0000 Square Feet
  • Number Of Units In Community: 556
  • Number Of Units Total: 556

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2021
Closed on
Mar 2, 2021
Sold by
Kalathil Nandakumar and Kalathil Lekha
Bought by
Groner Myles
Seller's Agent
Beatrix Whipple
Keller Williams Pacific Estate
Buyer's Agent
Paul Armstrong
Realty Network
List Price
$589,000
Sold Price
$589,000
Current Estimated Value
$740,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,679
Avg. Annual Appreciation
5.51%
Original Mortgage
$471,200
Outstanding Balance
$427,821
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$312,858

Purchase Details

Closed on
Feb 10, 2020
Sold by
Kalathil Nandakumar and Kalathil Lekha
Bought by
Kalathil Nandakumar and Kalathil Lekha

Purchase Details

Listed on
May 13, 2019
Closed on
Jul 10, 2019
Sold by
Florescu Florin Virgil
Bought by
Kalathil Nandakumar E and Kalathil Lekha
Seller's Agent
Bill Etchegaray
Century 21 Affiliated
Buyer's Agent
Karin McGinley
Home Smart Realty Group
List Price
$569,000
Sold Price
$550,000
Premium/Discount to List
-$19,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$150,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2017
Closed on
Jun 28, 2017
Sold by
Florescu Nicoleta A
Bought by
Florescu Florin Virgil
Seller's Agent
Aaron Duckett
Duck Group Real Estate
Buyer's Agent
Bill Etchegaray
Century 21 Affiliated
List Price
$465,000
Sold Price
$465,150
Premium/Discount to List
$150
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Listed on
Jun 3, 2017
Closed on
Jun 12, 2017
Sold by
Shen Richard
Bought by
Florescu Florin Virgil
Seller's Agent
Aaron Duckett
Duck Group Real Estate
Buyer's Agent
Bill Etchegaray
Century 21 Affiliated
List Price
$465,000
Sold Price
$465,150
Premium/Discount to List
$150
0.03%

Purchase Details

Closed on
Apr 7, 2009
Sold by
Taylor Timothy
Bought by
Shen Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2006
Sold by
350 Ocean Tower I Llc
Bought by
Taylor Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,303
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Groner Myles $589,000 Ticor Title
Kalathil Nandakumar -- None Available
Kalathil Nandakumar -- None Available
Kalathil Nandakumar E $550,000 First American Title Company
Florescu Florin Virgil -- First American Title Company
Florescu Florin Virgil $465,500 First American Title Company
Shen Richard $300,000 Fidelity National Title Co
Taylor Timothy $500,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groner Myles $471,200
Previous Owner Kalathil Nandakumar E $150,000
Previous Owner Shen Richard $207,000
Previous Owner Shen Richard $225,000
Previous Owner Taylor Timothy $78,050
Previous Owner Taylor Timothy $416,303
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $589,000 0.0% $526 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $589,000 +7.1% $526 / Sq Ft
07/31/2019 07/31/19 Sold $550,000 0.0% $491 / Sq Ft
06/20/2019 06/20/19 Price Changed $549,900 -3.4% $491 / Sq Ft
05/13/2019 05/13/19 For Sale $569,000 0.0% $508 / Sq Ft
01/02/2018 01/02/18 Rented $2,550 +2.0% --
12/06/2017 12/06/17 Under Contract -- -- --
11/10/2017 11/10/17 Price Changed $2,500 -3.8% $2 / Sq Ft
10/30/2017 10/30/17 For Rent $2,600 0.0% --
07/11/2017 07/11/17 Sold $465,150 0.0% $415 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
06/03/2017 06/03/17 For Sale $465,000 0.0% $415 / Sq Ft
07/09/2016 07/09/16 Rented $2,500 0.0% --
06/16/2016 06/16/16 Under Contract -- -- --
05/29/2016 05/29/16 For Rent $2,500 +4.2% --
12/08/2015 12/08/15 Rented $2,400 0.0% --
12/08/2015 12/08/15 Under Contract -- -- --
11/27/2015 11/27/15 For Rent $2,400 -- --
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
2024 $8,118 $625,050 $212,241 $412,809
2023 $7,979 $612,795 $208,080 $404,715
2022 $7,485 $600,780 $204,000 $396,780
2021 $6,928 $555,697 $222,279 $333,418
2020 $6,909 $550,000 $220,000 $330,000
2019 $6,047 $474,810 $189,210 $285,600
2018 $5,917 $465,500 $185,500 $280,000
2016 $4,046 $326,342 $97,901 $228,441
2015 $3,885 $321,441 $96,431 $225,010
2014 $3,857 $315,146 $94,543 $220,603
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21021090

California Regional Multiple Listing Service (CRMLS)

APN: 7278-017-072