NOT LISTED FOR SALE

Estimated Value: $424,000 - $697,000

1 Bed
1 Bath
981 Sq Ft
$618/mo HOA Fee

Last Sold July 01, 2016

Last sale price $400,000 $408 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,924/month

6 Days on Market

Highlights

  • White Water Ocean Views
  • No Units Above
  • High Ceiling
  • Long Beach Polytechnic High School Rated A
  • Clubhouse
  • Outdoor Cooking Area

About This Home

As of July 2016

Once in a lifetime opportunity to acquire the PENTHOUSE of the Historic Cooper Arms! This unit is the crown jewel of the building and has the BEST views on Ocean Blvd. Situated on the top floor, this highly sought after south facing corner has the most iconic views of Downtown Long Beach, the Pacific Ocean, and The Queen Mary. There are only two units in the entire building that feature these VIEWS, location, and size. This is an extremely rare find! Watch the Grand Prix right from the comfort of your condo. Some unique features to unit #1201 are its high ceilings, gorgeous built-ins, and dramatic crown molding. Located in the highly sought after neighborhood of the East Village Arts District, the Cooper Arms is on the National Historic Register of Buildings and designated a City Landmark. Conveniently within a few blocks of the Beach, Pine Avenue's nightlife and restaurants, the Terrace Theatre, Convention Center, Metro Blue Line Transit to Los Angeles, and Rainbow Harbor. Amenities include a stunning top floor Solarium, landscaped courtyard with barbecues and the gorgeous Grand Salon on the main level. Community laundry located in the building and affordable, secure parking is available for rent across the street. Your Million Dollar view awaits!

Last Agent to Sell the Property

Lance Xavier

Think Boutiq Real Estate License #01956545 Listed on: 05/19/2016

Co-Listed By

Jeff Anderson

eXp Realty of California Inc License #01729514

Last Buyer's Agent

Lance Xavier

Think Boutiq Real Estate License #01956545 Listed on: 05/19/2016

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1923

Lot Details

  • No Units Above
  • End Unit
  • 1 Common Wall

HOA Fees

  • $618 Monthly HOA Fees

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Harbor
  • Panoramic
  • City Lights
  • Views of a landmark
  • Mountain

Interior Spaces

  • 981 Sq Ft Home
  • High Ceiling
  • Entryway
  • Living Room
  • Dining Room
  • Carpet
  • Closed Circuit Camera
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Additional Features

  • Urban Location
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 5760
  • Assessor Parcel Number 7281027150

Community Details

Overview

  • 159 Units
  • Maintained Community
  • 12-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Billiard Room
  • Meeting Room
  • Laundry Facilities

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Guard
  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1923

Lot Details

0

HOA Fees

$618 per month

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Guarded, Closed Circuit Camera(s)
  • Subdivision Name Other: Cooper Arms (CPA)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7281027150
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 981.00
  • Interior Amenities: High Ceilings, Tile Counters
  • Stories: 12
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Levels: One
  • Price Per Square Foot: 407.75
  • Room Type: Entry, Galley Kitchen, Living Room, Master Bedroom, Walk-In Closet

Exterior Features

  • View: City Lights, Coastline, Harbor, Landmark, Marina, Mountain(s), Ocean, Panoramic, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Radiant
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Billiard Room, Clubhouse, Controlled Access, Dues Paid Monthly, Meeting Room, Maintenance Grounds, Outdoor Cooking Area, Pet Rules, Security, Sewer, Trash
  • Association Fee: 618.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 159
  • Number Of Units Total: 159

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 5760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2024
Sold by
Contreras Reyann
Bought by
Reyann Contreras Living Trust and Contreras
Current Estimated Value
$537,720

Purchase Details

Listed on
May 19, 2016
Closed on
Jun 21, 2016
Sold by
Warkentin Michael Lee
Bought by
Contreras Reyann
Seller's Agent
Lance Xavier
Think Boutiq Real Estate
Buyer's Agent
Lance Xavier
Think Boutiq Real Estate
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
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
3.16%
Original Mortgage
$320,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2002
Sold by
Peters David C and Peters Janet S
Bought by
Warkentin Michael Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.16%

Purchase Details

Closed on
Mar 30, 2000
Sold by
Daniels Gary W
Bought by
Peters David C and Peters Janet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,675
Interest Rate
7.37%

Purchase Details

Closed on
Feb 23, 1998
Sold by
Kreuter Yvonne M and Theleo Toussaint
Bought by
Daniels Gary William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,050
Interest Rate
7%
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
Reyann Contreras Living Trust -- None Listed On Document
Contreras Reyann $400,000 Fidelity National Title Co
Warkentin Michael Lee $270,000 North American Title Co
Peters David C $169,000 North American Title Co
Daniels Gary William $99,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Contreras Reyann $320,000
Previous Owner Warkentin Michael Lee $202,500
Previous Owner Peters David C $126,675
Previous Owner Daniels Gary William $94,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $400,000 0.0% $408 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $399,900 -- $408 / 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 $5,961 $464,229 $348,173 $116,056
2024 $5,961 $455,128 $341,347 $113,781
2023 $5,858 $446,204 $334,654 $111,550
2022 $5,497 $437,456 $328,093 $109,363
2021 $5,374 $428,879 $321,660 $107,219
2019 $5,295 $416,160 $312,120 $104,040
2018 $5,182 $408,000 $306,000 $102,000
2017 $5,126 $400,000 $300,000 $100,000
2016 $4,053 $330,324 $238,570 $91,754
2015 $3,891 $325,363 $234,987 $90,376
2014 $3,863 $318,990 $230,384 $88,606
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16106940

California Regional Multiple Listing Service (CRMLS)

APN: 7281-027-150