NOT LISTED FOR SALE

Estimated Value: $577,000 - $658,925

1 Bed
1 Bath
1,280 Sq Ft
$468/ mo HOA Fee

Last Sold June 24, 2020

Last sale price $490,000 $383 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,138/month

58 Days on Market

Highlights

  • Gated Parking
  • 2-minute walk to Pacific Station
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • 4-minute walk to Harvey Milk Promenade Park

About This Home

As of June 2020

PRICED TO SELL NOW! Looking for a peaceful, urban sanctuary to call your own? This could be it! The Newberry Lofts blend vintage flavor and modern style in the heart of vibrant, innovative downtown Long Beach. One of the largest lofts in the complex, this is the only one available that faces and enjoys views of iconic Pine Street. Priced well below the most recent sale in the building - this bright, open loft space features a beautifully designed gourmet kitchen with Italian soft close cabinets, stainless steel appliances, beautiful tile and brushed steel back splash and quartz counter tops. Stylish, custom glass sliders allow for separate bedroom area without comprising the quintessentially feel and design of a classic loft space. Additional features include dark engineered hardwood floors, high ceilings, Hansgrohe fixtures, spacious walk in closet and stack-able washer & dryer conveniently located within. There is 1 parking space is in the secured underground parking structure, along with a small storage cabinet and bike storage. Enjoy the unmistakable energy of this unique downtown city - only a short distance, much of it walk-able, to Restaurant Row, Long Beach Convention Center, East Village Arts District, Rainbow Harbor Esplanade, Pike Outlets and Shoreline Village. This is an ideal place to live, work and play! MAKE AN OFFER NOW!

Last Agent to Sell the Property

Melissa McLean

Estate Properties License #01300556 Listed on: 03/25/2020

Estate Properties

Last Buyer's Agent

Brian Tiongson Reyes

Pinnacle Estate Properties, Inc. License #01434873

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1951

Lot Details

  • Two or More Common Walls

HOA Fees

  • $468 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Gated Parking
  • Parking Lot

Home Design

  • Turnkey

Interior Spaces

  • 1,280 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Loft
  • Wood Flooring
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 71130
  • Assessor Parcel Number 7280009146

Community Details

Overview

  • Master Insurance
  • 28 Units
  • Pine Ave HOA Management Company Association, Phone Number (562) 493-1400
  • MD Property Management HOA

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 1951

Lot Details

0.39 Acres

HOA Fees

$468 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Card/Code Access
  • Subdivision Name Other: Newberry Lofts
  • View: Yes
  • Zoning: LBPD
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280009146
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1280.00 Square Feet
  • Interior Amenities: Elevator, High Ceilings, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area, Breakfast Counter / Bar
  • Levels: One
  • Price Per Square Foot: 382.81
  • Room Type: Loft
  • Bathroom Features: Low Flow Toilet(s), Shower In Tub
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Gated, Parking Space, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Central
  • Laundry Features: In Closet, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Trash, Water, Pet Rules, Pets Permitted, Controlled Access, Hot Water
  • Association Fee: 468.00
  • Association Fee Frequency: Monthly
  • Association Name: Pine Ave HOA Management Company
  • Phone: 562-493-1400
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: MD Property Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 16900.00
  • Lot Size Acres: 0.3880

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16900.0000 Square Feet
  • Number Of Units Total: 28

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 71130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
May 20, 2020
Sold by
Roberts Joel John and Chang Yao Hui
Bought by
Chau Kevin and Cecchin Giovanni
Seller's Agent
Melissa McLean
Estate Properties
Buyer's Agent
Brian Tiongson Reyes
Pinnacle Estate Properties, Inc.
List Price
$516,000
Sold Price
$490,000
Premium/Discount to List
-$26,000
-5.04%
Current Estimated Value
$600,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,923
Avg. Annual Appreciation
4.18%
Original Mortgage
$475,300
Outstanding Balance
$420,385
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$197,096

Purchase Details

Closed on
May 23, 2019
Sold by
H & M 26 Llc
Bought by
Roberts Joel John and Chang Yao Hui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,050
Interest Rate
3.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chau Kevin $490,000 Fidelity National Title Co
Roberts Joel John $533,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chau Kevin $475,300
Previous Owner Roberts Joel John $453,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2020 06/24/20 Sold $490,000 -2.0% $383 / Sq Ft
04/05/2020 04/05/20 Price Changed $499,900 -3.1% $391 / Sq Ft
03/25/2020 03/25/20 For Sale $516,000 -3.2% $403 / Sq Ft
08/13/2019 08/13/19 Sold $533,000 -3.1% $414 / Sq Ft View Prior Sale
03/06/2019 03/06/19 For Sale $549,900 -- $427 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,930 $535,884 $207,791 $328,093
2024 $6,930 $525,377 $203,717 $321,660
2023 $6,810 $515,076 $199,723 $315,353
2022 $6,392 $504,977 $195,807 $309,170
2021 $6,193 $495,076 $191,968 $303,108
2020 $6,691 $533,000 $200,000 $333,000
2019 $3,241 $243,971 $60,169 $183,802
2018 $1,680 $122,499 $58,990 $63,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20063164

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-146

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