NOT LISTED FOR SALE

Aqua Condominiums 488 E Ocean Blvd Unit P11 Long Beach, CA 90802

Downtown Neighborhood

Estimated Value: $515,000 - $1,205,000

2 Beds
1.5 Baths
1,647 Sq Ft
$593/mo HOA Fee

Last Sold December 19, 2018

Last sale price $730,000 $443 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,722/month

65 Days on Market

Highlights

  • Concierge
  • 5-minute walk to 1St Street Station
  • Spa
  • Fitness Center
  • 24-Hour Security
  • City Lights View

About This Home

As of December 2018

Original owners are offering this luxury penthouse in the much sought after Aqua Towers! Click on the movie reel for a 3-D Tour! The views from this 18th & 19th floor penthouse are spectacular. From the skyline of downtown LA, majestic San Gabriel mountains to the bustling city lights of downtown Long Beach and Signal Hill. This home has a gourmet kitchen with Viking appliances, a large center island and granite counter tops. The soaring ceilings and open layout feel even more expansive with the sweeping views from the glass balconies. Newly painted and new carpet has just been added. Downstairs has beautiful Bamboo hardwood flooring, and the large dining room is perfect for entertaining. Upstairs, the enormous master bedroom comes with a massive walk-in closet. The stunning master bath has double sinks and custom lighting. Both the dining room below w/closet & the upstairs loft can easily be utilized to create extra bedrooms. This penthouse features a full-size laundry room & 2 central A/C units. The luxurious Aqua Towers are next door to the Performing Arts Center and steps from the Long Beach Convention Center, The Pike, the Aquarium, and many diverse dining options. Easy access to public transportation & the Metro. Amenities: 24 Hour Concierge, Fitness Center with Dry Sauna, Pool and Spa, Entertainment/Barbecue Area, Club Room, w/Business Center. A RARE enclosed private garage, and one additional parking space are deeded to the penthouse.

Last Agent to Sell the Property

Mike Dunfee

Engel & Völkers Long Beach License #01191497 Listed on: 09/19/2018

Engel & Völkers Long Beach

Last Buyer's Agent

Nick Babayan

Pinnacle Estate Properties License #02042539

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • Two or More Common Walls

HOA Fees

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Turnkey
  • Interior Block Wall

Interior Spaces

  • 1,647 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Double Pane Windows
  • Living Room
  • Den
  • Loft

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Living Room Balcony
  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5536
  • Assessor Parcel Number 7278030113

Community Details

Overview

  • 295 Units
  • Aqua Association, Phone Number (562) 436-1562
  • Maintained Community

Amenities

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

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

HOA Fees

$593 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All appliances: Refrigerator, microwave, stove, dishwasher, washer and dryer
  • Property Attached: Yes
  • Security: 24 Hour Security, Card/Code Access, Fire and Smoke Detection System
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD6
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278030113
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1647.00 Square Feet
  • Interior Amenities: Balcony, Block Walls, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 443.23
  • Room Type: Den, Kitchen, Living Room, Loft, Walk-In Closet
  • Spa Features: Association
  • Window Features: Double Pane Windows
  • Bathroom Features: Double Sinks In Master Bath, Granite Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: City Lights, Hills, Neighborhood
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Garage, Subterranean
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, In Closet, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Meeting Room, Concierge, Maintenance Grounds, Trash, Sewer, Water, Dues Paid Monthly, Pets Permitted, Guard, Security, Controlled Access, Hot Water
  • Association Fee: 432.91
  • Association #2 Fee: 160.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: AQUA
  • Phone: 5624361562
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Walkstreet
  • 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: 2
  • Tax Tract Number: 5536

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Dec 13, 2018
Sold by
Babayan Ashkhen
Bought by
Bakhchinyan Davit
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Nick Babayan
Pinnacle Estate Properties
List Price
$765,000
Sold Price
$730,000
Premium/Discount to List
-$35,000
-4.58%
Current Estimated Value
$819,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,748
Avg. Annual Appreciation
1.66%
Original Mortgage
$438,000
Outstanding Balance
$385,912
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$433,836

Purchase Details

Listed on
Sep 19, 2018
Closed on
Nov 27, 2018
Sold by
350 Ocean Tower Ii Llc
Bought by
Bakchinyan Davit
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Nick Babayan
Pinnacle Estate Properties
List Price
$765,000
Sold Price
$730,000
Premium/Discount to List
-$35,000
-4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,000
Outstanding Balance
$385,912
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$433,836
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bakhchinyan Davit -- Orange Coast Title Company
Bakchinyan Davit $730,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakchinyan Davit $438,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2018 12/19/18 Sold $730,000 -1.2% $443 / Sq Ft
11/07/2018 11/07/18 Price Changed $739,000 -1.3% $449 / Sq Ft
10/23/2018 10/23/18 Price Changed $749,000 -2.1% $455 / Sq Ft
09/19/2018 09/19/18 For Sale $765,000 -- $464 / 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 $10,165 $814,324 $323,498 $490,826
2024 $10,165 $798,357 $317,155 $481,202
2023 $9,992 $782,704 $310,937 $471,767
2022 $9,367 $767,358 $304,841 $462,517
2021 $9,180 $752,313 $298,864 $453,449
2020 $9,155 $744,600 $295,800 $448,800
2019 $9,045 $730,000 $290,000 $440,000
2018 $2,851 $218,767 $19,569 $199,198
2016 $2,633 $210,274 $18,810 $191,464
2015 $2,528 $207,117 $18,528 $188,589
2014 $2,512 $203,061 $18,166 $184,895
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mike Dunfee

    Engel & Völkers Long Beach

    Section Image
  • Nick Babayan

    Buyer's Agent in 2018

    Nick Babayan

    Pinnacle Estate Properties

    (323) 547-4006

    48 Total Sales

    Nick Babayan
    Section Image
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About Aqua Condominiums

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18223262

California Regional Multiple Listing Service (CRMLS)

APN: 7278-030-113

California Los Angeles County Long Beach 90802 Downtown

488 E Ocean Blvd Unit P11, Long Beach, CA

Not Listed for Sale

Condos

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