NOT LISTED FOR SALE

Estimated Value: $441,000 - $550,968

1 Bed
1 Bath
730 Sq Ft
$243/mo HOA Fee

Last Sold October 17, 2018

Last sale price $380,000 $521 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,473/month

12 Days on Market

Highlights

  • Ocean View
  • No Units Above
  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • 14,240 Sq Ft lot
  • Outdoor Cooking Area

About This Home

As of October 2018

This 1 bedroom condo steps from the sand is what you have been waiting for. As you walk into the home you see the custom crown moulding along with the beautiful bamboo floors. As you sit in the living room you see a full unobstructed ocean view through the open well positioned double doors leading to the master bedroom. This is absolutely one of the best locations in Long Beach and will not last.

Last Agent to Sell the Property

Cyrus Mohseni

The Keystone Team License #02024260 Listed on: 07/06/2018

Last Buyer's Agent

Cyrus Mohseni

The Keystone Team License #02024260 Listed on: 07/06/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,302

Year Built

  • Built in 1953

Lot Details

  • No Units Above
  • End Unit
  • 1 Common Wall

HOA Fees

  • $243 Monthly HOA Fees

Interior Spaces

  • 730 Sq Ft Home
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 576601
  • Assessor Parcel Number 7265006142

Community Details

Overview

  • 22 Units
  • Palisades HOA, Phone Number (562) 505-6204

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,302

Year Built

Built in 1953

Lot Details

0

HOA Fees

$243 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBPD5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265006142
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 730.00 Square Feet
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 520.55
  • Room Type: Master Bedroom

Exterior Features

  • View: Ocean
  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area
  • Association Fee: 243.13
  • Association Fee Frequency: Monthly
  • Association Name: Palisades HOA
  • Phone: 562-505-6204
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 14240.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 22
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5766.01
  • Tax Lot: 1
  • Tax Tract Number: 576601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2025
Sold by
Vertical Web Ventures Inc
Bought by
River City Royalties Llc and Edison Operating Company Llc
Current Estimated Value
$509,321

Purchase Details

Closed on
Jul 25, 2018
Sold by
Liu Jian and Huang Jia
Bought by
Stone Warren E and Stone Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 27, 2014
Closed on
Feb 2, 2015
Sold by
The Bank Of New York Mellon
Bought by
Liu Jian and Huang Jia
Seller's Agent
Eddy Leon
First Team Real Estate
Buyer's Agent
Maggie Mouscardy
Magali Marie Mouscardy, Broker
List Price
$232,900
Sold Price
$226,000
Premium/Discount to List
-$6,900
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$80,000
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 7, 2014
Sold by
Meas Damnang
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 10, 2014
Sold by
Meas Damnang
Bought by
The Palisades Association Inc

Purchase Details

Closed on
Jun 20, 2006
Sold by
Jdl Properties Lp
Bought by
Meas Damnang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,720
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Cc Investments
Bought by
Lander John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,600
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 5, 2005
Sold by
Baca Andrew and Baca Andrea
Bought by
Baca Andrew

Purchase Details

Closed on
Aug 23, 2004
Sold by
Chen Jonathan and Chen Jesse H
Bought by
Cc Investments

Purchase Details

Closed on
Jun 7, 2004
Sold by
Chen Mary
Bought by
Chen Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2001
Sold by
Fountain Forrest J
Bought by
Elmore Richard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
7.26%

Purchase Details

Closed on
Dec 27, 1994
Sold by
Schlesselman Leslie V and Schlesselman Kazuko
Bought by
Fountain Forrest J
Source: Public Records

Range of Values:

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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
River City Royalties Llc $155,000 None Listed On Document
Stone Warren E $380,000 First American Title Company
Liu Jian $226,000 Servicelink Title Company
The Bank Of New York Mellon $267,750 Accommodation
The Palisades Association Inc $16,599 Accommodation
Meas Damnang $418,500 North American Title Co
Jdl Properties Lp -- North American Title Co
Lander John D $377,000 North American Title Co
Baca Andrew -- Chicago Title
Cc Investments -- North American Title Co
Chen Jonathan -- North American Title Co
Chen Jonathan $240,000 North American Title Co
Elmore Richard G $103,000 Equity Title
Fountain Forrest J $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stone Warren E $314,800
Previous Owner Stone Warren E $304,000
Previous Owner Liu Jian $80,000
Previous Owner Meas Damnang $334,720
Previous Owner Lander John D $301,600
Previous Owner Chen Jonathan $192,000
Previous Owner Elmore Richard G $120,000
Previous Owner Elmore Richard G $82,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2018 10/17/18 Sold $380,000 -2.6% $521 / Sq Ft
07/06/2018 07/06/18 For Sale $390,000 +72.6% $534 / Sq Ft
02/20/2015 02/20/15 Sold $226,000 -3.0% $310 / Sq Ft
01/15/2015 01/15/15 Pending -- -- --
11/27/2014 11/27/14 For Sale $232,900 -- $319 / 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 $5,302 $423,893 $111,550 $312,343
2024 $5,302 $415,582 $109,363 $306,219
2023 $5,211 $407,434 $107,219 $300,215
2022 $4,887 $399,446 $105,117 $294,329
2021 $4,790 $391,614 $103,056 $288,558
2019 $5,098 $380,000 $100,000 $280,000
2018 $3,073 $238,714 $105,626 $133,088
2016 $2,829 $229,446 $101,525 $127,921
2015 $2,649 $220,000 $50,000 $170,000
2014 $3,479 $290,000 $143,400 $146,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18161853

California Regional Multiple Listing Service (CRMLS)

APN: 7265-006-142