NOT LISTED FOR SALE

Estimated Value: $470,000 - $522,000

2 Beds
2 Baths
920 Sq Ft
0.8 Acres

Last Sold March 01, 2016

Last sale price $270,000 $293 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,075/month

Highlights

  • Roof Top Pool
  • Gated Parking
  • Wood Flooring
  • Fitness Center
  • 0.8 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of May 2021

Welcome to Magnolia Place! A gated community minutes walking to downtown!
2 BED + 2 BATH + FULLY UPGRADED KITCHEN + ALL WALLS FRESHLY PAINTED NEUTRAL OFF WHITE COLOR + 2 BALCONIES + 1 FIRE PLACE + CENTRAL AIR + IN HOME WASHER & DRYER + CORNER LOCATION + 2 PARKING SPCS + COURTYARD WATERFALL VIEWS!
Bedrooms are on opposites side of each other, both with walk-in closets and bathrooms.
2 private balconies (one off the master and a shared off the second bedroom and living room), stackable washer and dryer in unit, and two secured assigned side by side subterranean parking spaces.
Magnolia Place provides elevators to all floors. Rooftop access with a relaxing pool and spa with spectacular views of downtown Long Beach, the harbor and LA.
The subterranean gated parking garage offers assigned parking, guest and bike storage room. Magnolia Place also offers a recreation room with fitness equipment and a community area.
Walking distance way from everything! Beach, boardwalk, grassy park, restaurants, bars, night life, metro train, E-scooters, Uber, Lyft, museums, grocery stores, shopping, freeways & entertainment, Broadway, Pine & Promenade eateries and entertainment, movies, farmers markets, ice cream parlor, Grand Prix, The Pike, Nike, H & M outlets, marina, Queen Mary, Aqua Taxi, jet skis, boat rentals, paddle boarding, Pine Ave, Belmont Shores, 2nd/PCH High end shopping, dining and more! Easy access to multiple freeways (405, 710, 605, 110, 5 and 91)

Last Agent to Rent the Property

Aaron Duckett

Duck Group Real Estate License #01812083 Listed on: 04/19/2021

Last Renter's Agent

Aaron Duckett

Duck Group Real Estate License #01812083 Listed on: 04/19/2021

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,130

Year Built

  • Built in 1990

Lot Details

  • 0.8

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Gated Parking
  • Guest Parking
  • Parking Lot

Interior Spaces

  • 920 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Courtyard Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Pool

  • Roof Top Pool
  • Roof Top Spa

Additional Features

  • Balcony
  • 1 Common Wall
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,400
  • Rent includes association dues, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 4/26/21
  • Tax Lot 1
  • Tax Tract Number 46948
  • Assessor Parcel Number 7278021137

Community Details

Overview

  • No Home Owners Association
  • 82 Units
  • Downtown Subdivision

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $750

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,130

Year Built

Built in 1990

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent
  • Available Date: 2021-04-26
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 300
  • Deposit Pets: 750
  • Deposit Security: 2400
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD14
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7278021137
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 920.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, In Living Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.61
  • Room Type: Main Floor Master Bedroom, Master Bedroom
  • Spa Features: Association, Roof Top

Exterior Features

  • View: Courtyard
  • Pool Features: Association, Roof Top
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Gated, Guest, Parking Space, Side by Side, Subterranean
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Closet, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 34912.00
  • Lot Size Acres: 0.8015

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 34912.0000 Square Feet
  • Number Of Units In Community: 82
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 5759.01
  • Tax Lot: 1
  • Tax Tract Number: 46948

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
Kwong Ryan R and Kwong Ryan
Bought by
Kwong Ryan R and Shen Shan
Current Estimated Value
$501,226

Purchase Details

Listed on
Jan 4, 2016
Closed on
Jan 19, 2016
Sold by
Gullo Blesilda Hernandez
Bought by
Kwong Ryan
Seller's Agent
Dick Caley
Coldwell Banker Beachside Real
Buyer's Agent
Ryan Akiba
Ryan Akiba, Broker
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$202,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gullo Blesilda Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2008
Sold by
Aurora Loan Services Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 7, 2006
Sold by
Garza Gena
Bought by
Ade Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1996
Sold by
Allied Bank
Bought by
Hud

Purchase Details

Closed on
Jan 31, 1996
Sold by
Fitzgerald Christopher D and Western Bank
Bought by
Allied Bank and Allied Svgs Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kwong Ryan R -- None Available
Kwong Ryan $270,000 Lawyers Title Company
Gullo Blesilda Hernandez $143,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation -- Fidelity Natl Title Ins Co
Aurora Loan Services Llc $283,143 None Available
Ade Angela $325,000 Commonwealth Land Title Co
Hud -- American Title Ins Co
Allied Bank $73,000 --
Alliance Bank $73,000 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwong Ryan B $262,500
Closed Kwong Ryan $202,000
Closed Kwong Ryan $202,500
Previous Owner Gullo Blesilda Hernandez $125,500
Previous Owner Gullo Blesilda Hernandez $128,700
Previous Owner Ade Angela $260,000
Previous Owner Garza Gena L $75,000
Previous Owner Garza Gena $105,900
Previous Owner Garza Gena $68,000
Previous Owner Garza Gena $63,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Rented $2,400 0.0% --
05/01/2021 05/01/21 Under Contract -- -- --
04/19/2021 04/19/21 For Rent $2,400 0.0% --
03/01/2016 03/01/16 Sold $270,000 0.0% $293 / Sq Ft
01/16/2016 01/16/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $270,000 -- $293 / 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 $4,130 $319,618 $156,968 $162,650
2024 $4,130 $313,352 $153,891 $159,461
2023 $4,059 $307,209 $150,874 $156,335
2022 $3,727 $301,186 $147,916 $153,270
2021 $3,649 $295,281 $145,016 $150,265
2020 $3,639 $292,255 $143,530 $148,725
2019 $3,594 $286,525 $140,716 $145,809
2018 $3,511 $280,907 $137,957 $142,950
2016 $1,904 $155,552 $31,108 $124,444
2015 $1,829 $153,216 $30,641 $122,575
2014 $1,820 $150,215 $30,041 $120,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21080830

California Regional Multiple Listing Service (CRMLS)

APN: 7278-021-137