NOT LISTED FOR SALE

Estimated Value: $707,046 - $857,000

2 Beds
2 Baths
960 Sq Ft
$712/mo HOA Fee

Last Sold August 22, 2023

Last sale price $740,000 $771 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,429/month

9 Days on Market

Highlights

  • Concierge
  • 5-minute walk to 1St Street Station
  • Guarded Parking
  • Ocean Front
  • Fitness Center
  • 24-Hour Security

About This Home

As of August 2023

An unparalleled slice of coastal luxury at 488 E Ocean Blvd #1118, Long Beach. Indulge in breathtaking views of the historic Queen Mary and majestic Cruise ships from your exclusive balcony. This opulent 2-bedroom, 2-bathroom condominium spanning a generous 960 sqft of living space is the epitome of modern elegance and style. Be greeted by 10-foot high ceilings graced with regal crown moldings, alongside gorgeous hardwood flooring that runs through the open living room, kitchen, and hallway. The kitchen and bathrooms are tastefully finished with contemporary ceramic tiles. Elevate your culinary experience in the stylish, fully-equipped kitchen with brand new LG “Smart IQ” stainless steal refrigerator, microwave and dishwasher. But it also offers a chic granite breakfast bar, and boasts a brand-new, top-of-the-line ILVE Majestic range that promises a gastronomic journey like no other. Keeping in step with this luxury, the entire condo is outfitted with brand new shutters on all windows and sliding doors, framing your city views with an additional touch of refinement. Enjoy the comforts of a central AC & Heating system updated in 2017 and brand new “smart” full-size in-unit laundry. The spacious master suite is your own retreat, complete with an extravagant en-suite bath, a large walk-in closet, and cooling fans in every room, extending to the kitchen and private balcony. Enter onto your private balcony from sliding patio doors in the living room and bedrooms. Revel in the thrill of the annual Long Beach Grand Prix from your front-row seat, or host delightful gatherings amidst the fresh ocean air. As a resident of the secure Aqua community, you'll benefit from two assigned parking spaces in the gated underground garage. An array of premium amenities such as Water, upgraded Frontier Internet, 24/7 Security Concierge, a Fitness Center with Sauna Room, and a Club Room with 2 Business Centers elevates your living experience. Immerse yourself in a vibrant community life with regular events and 'get-togethers,' and enjoy being a short distance from the beach, biking trails, metro lines, local restaurants, shops, and entertainment venues. Experience the excitement of The Pike Outlets, Shoreline Village, Convention Center, and the heart of downtown Long Beach Pine Ave. Never worry about parking, as this unit has two spaces! Welcome to your coastal sanctuary of luxury and city excitement at 488 Ocean Blvd #1118 – Your slice of the City by the Sea is ready and waiting

Last Agent to Sell the Property

Keegan Cin

Coldwell Banker Realty License #01971604 Listed on: 07/11/2023

Coldwell Banker Realty

Last Buyer's Agent

Keegan Cin

Coldwell Banker Realty License #01971604 Listed on: 07/11/2023

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • Ocean Front
  • Two or More Common Walls
  • South Facing Home
  • Partially Fenced Property

HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Guest Parking
  • Parking Lot
  • Guarded Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • City Lights
  • Views of a landmark

Home Design

  • Custom Home
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Fire Rated Drywall
  • Common Roof
  • Stucco

Interior Spaces

  • 960 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Shutters
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • 220 Volts in Kitchen
  • Natural Gas Not Available
  • Phone Connected
  • Cable TV Available

Additional Features

  • Living Room Balcony
  • Urban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 53405
  • Assessor Parcel Number 7278030017
  • $321 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 274 Units
  • Aqua Association, Phone Number (562) 495-1425
  • Downtown Subdivision
  • 18-Story Property

Amenities

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

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • Breed Restrictions

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2004 | Remodeled

Lot Details

0

HOA Fees

$712 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerator, Washer, Dryer, Range
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD6
  • Architectural Style: Custom Built, Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278030017
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 960.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Pantry
  • Stories: 18
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 770.83
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association, Community, Heated, In Ground
  • Window Features: Double Pane Windows, Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Exhaust Fan(s), Granite Counters, Upgraded
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Direction Faces: South
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Landmark, Marina, Ocean, Water
  • Fence: Yes
  • Fencing: Partial
  • Pool Features: Association, Community, In Ground
  • Pool Private: No
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Drywall Walls, Glass, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Concrete, Paved, Garage, Guarded, Guest, On Site, Parking Space, Private, Structure, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Not Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Free-Standing Range, Microwave, Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, 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, Picnic Area, Gym/Ex Room, Clubhouse, Meeting Room, Concierge, Insurance, Trash, Utilities, Sewer, Water, Pet Rules, Pets Permitted, Permitted Types, Weight Limit, Management, Guard, Controlled Access, Hot Water
  • Association Fee: 491.85
  • Association #2 Fee: 220.04
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Aqua
  • Phone: 562-495-1425
  • Association Phone #2: 562-495-1425
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Urban
  • Association Management: Aqua
  • Association Management 2: Aqua

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 120481.00
  • Lot Size Acres: 2.7659
  • Latitude Manual: 33.76603500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 120481.0000 Square Feet
  • Number Of Units In Community: 274
  • Number Of Units Total: 274
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Census Tract: 5760.01
  • Tax Lot: 2
  • Tax Tract Number: 53405
  • TaxOtherAnnualAssessmentAmount: 321.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Jul 24, 2023
Sold by
Rifat Family Trust
Bought by
Maharramli Sarvat
Seller's Agent
Keegan Cin
Coldwell Banker Realty
Buyer's Agent
Keegan Cin
Coldwell Banker Realty
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%
Views
113
Current Estimated Value
$751,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,012
Avg. Annual Appreciation
0.62%
Original Mortgage
$592,000
Outstanding Balance
$577,346
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$173,666

Purchase Details

Listed on
Aug 18, 2016
Closed on
Jan 3, 2017
Sold by
Gigilowell Llc
Bought by
Wacks Patricia and Wacks Martin
Seller's Agent
Edward Renteria
Pacific West Associates
Buyer's Agent
Kevin Kim
BerkshireHathaway HomeServices
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%

Purchase Details

Closed on
Sep 26, 2014
Sold by
Johnson Lowell H and Johnson Gigi
Bought by
Gigilowell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2014
Sold by
Gigilowell Llc
Bought by
Johnson Lowell H and Johnson Gigi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2013
Sold by
Johnson Lowell and Kei Chow Gigi
Bought by
Gigilowell Llc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Chow Gigi and Johnson Lowell H
Bought by
Johnson Lowell H and Chow Gigi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2010
Sold by
Chow Gigi and Johnson Lowell H
Bought by
Chow Gigi and Johnson Lowell H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 1, 2010
Sold by
Johnson Lowell H
Bought by
Chow Gigi and Johnson Lowell H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2010
Sold by
Parsons Johnson Elise
Bought by
Johnson Lowell H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2010
Sold by
National Residential Nominee Services In
Bought by
Johnson Lowell H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2010
Sold by
Chamberlin Jean Anne and Chamberlin Scott P
Bought by
National Residential Nominee Services In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2007
Sold by
350 Ocean Tower Ii Llc
Bought by
Chamberlin Jean Anne and Chamberlin Scott P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
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
Maharramli Sarvat $740,000 Orange Coast Title
Wacks Patricia $495,000 Fidelity National Title Co
Gigilowell Llc -- None Available
Johnson Lowell H -- First American Title Company
Gigilowell Llc -- None Available
Johnson Lowell -- None Available
Johnson Lowell H -- Orange Coast Title Company
Chow Gigi -- Fidelity National Title
Chow Gigi -- None Available
Johnson Lowell H -- Fidelity National Title Co
Johnson Lowell H $424,500 Fidelity Van Nuys
National Residential Nominee Services In $424,500 Fidelity Van Nuys
Chamberlin Jean Anne $540,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maharramli Sarvat $592,000
Previous Owner Johnson Lowell H $337,500
Previous Owner Johnson Lowell H $163,000
Previous Owner Chow Gigi $155,000
Previous Owner Johnson Lowell H $235,000
Previous Owner Chamberlin Jean Anne $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2023 08/22/23 Sold $740,000 -1.3% $771 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $750,000 +18.1% $781 / Sq Ft
07/03/2021 07/03/21 Sold $635,000 +1.0% $661 / Sq Ft View Prior Sale
06/07/2021 06/07/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $629,000 +27.1% $655 / Sq Ft
01/19/2017 01/19/17 Sold $495,000 0.0% $516 / Sq Ft View Prior Sale
01/03/2017 01/03/17 For Sale $495,000 0.0% $516 / Sq Ft
12/18/2016 12/18/16 Pending -- -- --
11/29/2016 11/29/16 For Sale $495,000 0.0% $516 / Sq Ft
11/25/2016 11/25/16 Off Market $495,000 -- --
10/20/2016 10/20/16 For Sale $495,000 0.0% $516 / Sq Ft
10/18/2016 10/18/16 Off Market $495,000 -- --
10/14/2016 10/14/16 Price Changed $495,000 -4.8% $516 / Sq Ft
10/06/2016 10/06/16 Price Changed $519,999 0.0% $542 / Sq Ft
10/06/2016 10/06/16 For Sale $519,999 +5.1% $542 / Sq Ft
10/04/2016 10/04/16 Off Market $495,000 -- --
08/18/2016 08/18/16 For Sale $524,999 0.0% $547 / Sq Ft
07/12/2013 07/12/13 Rented $2,175 0.0% --
07/12/2013 07/12/13 Under Contract -- -- --
07/08/2013 07/08/13 For Rent $2,175 -- --
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 $9,523 $754,800 $301,920 $452,880
2024 $9,523 $740,000 $296,000 $444,000
2023 $8,306 $647,700 $239,700 $408,000
2022 $7,872 $635,000 $235,000 $400,000
2021 $5,287 $426,146 $363,739 $62,407
2020 $5,271 $421,778 $360,010 $61,768
2019 $5,206 $413,508 $352,951 $60,557
2018 $5,093 $405,401 $346,031 $59,370
2016 $5,613 $462,873 $185,912 $276,961
2015 $5,128 $433,000 $174,000 $259,000
2014 $4,754 $395,000 $159,000 $236,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23123629

California Regional Multiple Listing Service (CRMLS)

APN: 7278-030-017