NOT LISTED FOR SALE

388 E Ocean Blvd Unit P17 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $802,000 - $895,000

1 Bed
2 Baths
1,260 Sq Ft
$617/mo HOA Fee

Last Sold June 20, 2019

Last sale price $805,000 $639 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,295/month

Highlights

  • Concierge
  • 5-minute walk to 1St Street Station
  • Spa
  • Ocean View
  • Fitness Center
  • 2.77 Acre Lot

About This Home

As of June 2019

Welcome to Penthouse living. Beautiful views of the coast running from the Long Beach marina, all the way down to the OC. This 2-story condo has a dining room on the 1st floor that could be made into a 2nd bedroom, and a loft on the 2nd level that also has multi-use functionality. The Penthouse comes with the RARE Private Garage and an additional parking space located in the subterranean garage. 10-Foot High Ceilings, Crown Moldings, Master bedroom w/large master bath and walk-in closet. The Kitchen Boasts Granite Counter-Tops & all Viking appliances including an in-unit. Laundry Room with Full Size Washer & Dryer. For Your Comfort there is Central AC & Heating. 2 patio doors lead to your private balcony to enjoy the sunrises and sunsets.. HOA covers Water, Internet, 24/7 Security Concierge, Fitness Center with Sauna Room, Club Room with 2 private Business Centers. Short walking distance to the beach, biking trails, the metro lines, local restaurants and shops, entertainment venues including Performing Arts Center, the Pike, East Village and so much more! You are also just steps from the dozens of seasonal festivals at Rainbow Park, and the annual Long Beach Grand Prix! Downtown Long Beach is known for its urban environment and home to the city's most popular tourist attractions. Long Beach has one of the country's largest ports, the home of Carnival Cruise Line and the Queen Mary.

Last Agent to Sell the Property

Mike Dunfee

Engel & Völkers Long Beach License #01191497 Listed on: 06/14/2019

Engel & Völkers Long Beach

Last Buyer's Agent

Samer Musallam

Elite Home Group License #01424839

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,303

Year Built

  • Built in 2004

Lot Details

  • 2.77

HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,260 Sq Ft Home
  • Living Room
  • Ocean Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Spa
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5536
  • Assessor Parcel Number 7278029084

Community Details

Overview

  • 295 Units
  • Aqua Association, Phone Number (562) 495-1425

Amenities

  • Concierge
  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Sauna
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,303

Year Built

Built in 2004

Lot Details

0

HOA Fees

$617 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: All appliances: Refrigerator, microwave, stove, dishwasher, washer and dryer
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD6
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278029084
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1260.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 638.89
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • View: Ocean
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: AQUA
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Meeting Room, Concierge, Pets Permitted, Controlled Access
  • Association Fee: 450.00
  • Association #2 Fee: 167.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: AQUA
  • Phone: 5624951425
  • Senior Community: No
  • Community Features: Curbs, Sidewalks
  • Association Management: AQUA

Schools

  • School District: Long Beach Unified

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: 295
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5760.01
  • Tax Lot: 1
  • Tax Tract Number: 5536

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
May 31, 2019
Sold by
350 Ocean Tower I Llc
Bought by
Musallam Eamon
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Samer Musallam
Elite Home Group
List Price
$815,000
Sold Price
$805,000
Premium/Discount to List
-$10,000
-1.23%
Current Estimated Value
$864,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,900
Avg. Annual Appreciation
1.17%
Original Mortgage
$644,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Musallam Eamon $805,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musallam Eamon $635,000
Closed Musallam Eamon $644,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $805,000 -1.2% $639 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $815,000 -- $647 / 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 $11,303 $897,987 $340,231 $557,756
2024 $11,303 $880,380 $333,560 $546,820
2023 $11,112 $863,119 $327,020 $536,099
2022 $10,421 $846,196 $320,608 $525,588
2021 $10,205 $829,605 $314,322 $515,283
2019 $3,012 $222,779 $19,598 $203,181
2018 $2,948 $218,412 $19,214 $199,198
2016 $2,711 $209,933 $18,469 $191,464
2015 $2,606 $206,781 $18,192 $188,589
2014 $2,590 $202,731 $17,836 $184,895
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19140646

California Regional Multiple Listing Service (CRMLS)

APN: 7278-029-084