NOT LISTED FOR SALE

Estimated Value: $709,736 - $759,000

2 Beds
2 Baths
1,115 Sq Ft
$596/mo HOA Fee

Last Sold July 23, 2020

Last sale price $640,000 $574 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,160/month

140 Days on Market

Highlights

  • Concierge
  • 5-minute walk to 1St Street Station
  • Gated with Attendant
  • Ocean View
  • Fitness Center
  • Gated Parking

About This Home

As of July 2020

616 WEST TOWER WELCOMES YOU TO PANORAMIC SOUTH & EAST OCEAN, TRUE OCEAN COASTLINE VIEWS. UNOBSTRUCTED WEST CITY VIEWS! + CORNER LOCATION! + 2 GLASS BALCONIES: 1 LONG “L” SHAPE OFF LIVING ROOM + 1 NORMAL SIZE BALCONY OFF MASTER + 1 DESK/NOOK AREA + VAULTED CEILINGS + 2 VEHICLE PARKING: 1 PRIVATE GARAGE + 1 ASSIGNED PARKING SPACE + 1 PRIVATE STORAGE SHED!
**See Virtual Tour! Icon** OR copy & paste https://youtu.be/HsfIW73kwN4
Luxury at the beach is yours! Priceless Grand Prix Race, Direct Coastline, Ocean, Queen Mary, Harbor, Catalina Island & Catalina Views! Includes a Large wrap around glass balcony for ultimate enjoyment. Hall computer nook/desk. Walls, ceilings, baseboards, doors new paint!
2 full master bedrooms w/ two full sized bathrooms & walk in closets. Master bedroom: onsuite bathroom, huge closet & its own balcony w/ city view! Laundry closet w/ washer/dryer. Granite Counter tops, laminate wood floors & granite countertops. High Speed FIOS Internet incld in HOA. Bldg offers free guest parking, Cement walls, floors and ceilings, for ultimate privacy of neighbors, 24hr concierge, pool, Jacuzzi, sauna, gym, clubroom w/ lounge area & full kitchen. Bike rooms, onsite HOA. 0-5 blocks away from everything! Promenade, beach, boardwalk, restaurants, museums, grocery stores, shopping, freeways & entertainment, farmers markets, Grand Prix, Laugh Factory, The Pike, Nike, outlets, marina, Queen Mary, jet skis, boat rentals, paddle boarding, Pine Ave, Belmont Shores & more!

Last Agent to Sell the Property

Aaron Duckett

Duck Group Real Estate License #01812083 Listed on: 02/06/2020

Last Buyer's Agent

Aaron Duckett

Duck Group Real Estate License #01812083 Listed on: 02/06/2020

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • 1 Common Wall

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door
  • Gated Parking
  • Guest Parking
  • Parking Lot
  • Controlled Entrance

Property Views

  • Panoramic
  • City Lights
  • Views of a landmark
  • Neighborhood

Interior Spaces

  • 1,115 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen

Kitchen

  • Open to Family Room
  • Electric Oven
  • Self-Cleaning Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53405
  • Assessor Parcel Number 7278017133

Community Details

Overview

  • 289 Units
  • Aqua 388 Community Association, Phone Number (562) 495-1425
  • Firstservice Residential Association, Phone Number (562) 495-1425
  • Maintained Community

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Banquet Facilities
  • Meeting Room
  • Card Room
  • Recreation Room

Recreation

  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Gated with Attendant
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

HOA Fees

$596 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Gated with Attendant, Fire Sprinkler System, Gated Community
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD6
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278017133
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1115.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Pantry
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 573.99
  • Room Type: Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Two Masters, Walk-In Closet
  • Bathroom Features: Shower In Tub, Exhaust Fan(s), Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • View: Catalina, City Lights, Coastline, Harbor, Landmark, Marina, Neighborhood, Ocean, Panoramic, Water
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Garage - Single Door, Gated, Guest, Parking Space, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Other, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Dishwasher, Electric Oven, Freezer, Disposal, Ice Maker, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Aqua Maintenance Corportion
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Clubhouse, Card Room, Banquet Facilities, Recreation Room, Meeting Room, Cable TV, Concierge, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Guard, Security
  • Association Fee: 429.13
  • Association #2 Fee: 167.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: AQUA 388 Community Association
  • Phone: 562-495-1425
  • Association Phone #2: 562-495-1425
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park, Sidewalks, Street Lights
  • Association Management: FirstService Residential
  • Association Management 2: FirstService Residential

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • 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: 289
  • Number Of Units Total: 289

Tax Info

  • Tax Census Tract: 5760.01
  • Tax Lot: 1
  • Tax Tract Number: 53405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Jul 20, 2020
Sold by
Dowdy Carlton
Bought by
Zhang Lei
Seller's Agent
Aaron Duckett
Duck Group Real Estate
Buyer's Agent
Aaron Duckett
Duck Group Real Estate
List Price
$688,000
Sold Price
$640,000
Premium/Discount to List
-$48,000
-6.98%
Current Estimated Value
$740,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,434
Avg. Annual Appreciation
2.69%
Original Mortgage
$510,400
Outstanding Balance
$453,429
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$287,005

Purchase Details

Closed on
Oct 27, 2011
Sold by
Swe Thet
Bought by
Swe Thet and Sein Khin

Purchase Details

Closed on
Apr 27, 2006
Sold by
350 Ocean Tower I Llc
Bought by
Swe Thet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,717
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Zhang Lei -- Wfg National Title Co Of Ca
Zhang Yu $640,000 Wfg National Title Co Of Ca
Swe Thet -- None Available
Swe Thet $686,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Yu $510,400
Previous Owner Swe Thet $548,717
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2020 07/23/20 Sold $640,000 -6.3% $574 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/10/2020 06/10/20 Price Changed $683,000 -0.7% $613 / Sq Ft
03/28/2020 03/28/20 For Sale $688,000 +7.5% $617 / Sq Ft
03/23/2020 03/23/20 Off Market $640,000 -- --
02/06/2020 02/06/20 For Sale $688,000 -- $617 / 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 $8,775 $692,754 $259,782 $432,972
2024 $8,775 $679,172 $254,689 $424,483
2023 $8,625 $665,856 $249,696 $416,160
2022 $8,090 $652,800 $244,800 $408,000
2021 $7,921 $640,000 $240,000 $400,000
2020 $7,642 $612,000 $154,000 $458,000
2019 $7,696 $612,000 $154,000 $458,000
2018 $7,156 $569,000 $143,000 $426,000
2017 $6,875 $541,000 $136,000 $405,000
2016 $5,663 $467,000 $117,000 $350,000
2015 $5,513 $467,000 $117,000 $350,000
2014 $4,756 $395,000 $99,100 $295,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20027299

California Regional Multiple Listing Service (CRMLS)

APN: 7278-017-133