NOT LISTED FOR SALE

535 Magnolia Ave, Unit 304 Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $511,000 - $686,000

2 Beds
2 Baths
1,014 Sq Ft
$326/mo HOA Fee

Last Sold June 21, 2018

Last sale price $393,050 $388 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,847/month

45 Days on Market

Highlights

  • Gated Parking
  • Neighborhood Views
  • Cooling Available
  • 34,912 Sq Ft lot
  • Community Pool
  • Security Service

About This Home

As of June 2018

Check out this GEM in the heart of Downtown Long Beach. As you walk into the condo you will be amazed by the open floor space. This two bedroom two bath condo is one of a kind with is preferred floor plan. One bedroom and bathroom to the left and one to the right separated by the living room to give you that extra privacy. This property boasts 3 sunny balconies. The desirable community is gated and secured for privacy. It has two garage parking spaces, which isn't easy to come by in Downtown Long Beach. Not only is this unit amazing it is walking distance to the beach, shopping centers, restraunts, Metro Blue Line and the new Deukmejian Courthouse. Also very close to Shorline Village, The Pike, The Long Beach Aquarium and Long Beach Convention Center. Come check this property out and what it has to offer.

Last Agent to Sell the Property

Chloe Cruz

Beach Cities Management, Inc. License #01963271 Listed on: 03/27/2018

Last Buyer's Agent

Amy Conrad

Nationwide Real Estate Execs License #02028008

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,687

Year Built

  • Built in 1990

Lot Details

  • Two or More Common Walls
  • Landscaped

HOA Fees

  • $326 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Gated Parking

Interior Spaces

  • 1,014 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 46948
  • Assessor Parcel Number 7278021142

Community Details

Overview

  • 82 Units
  • Magnolia Place Association, Phone Number (818) 778-3331
  • Maintained Community

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,687

Year Built

Built in 1990

Lot Details

0

HOA Fees

$326 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBPD14
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7278021142
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1014.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 387.62
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Maintenance Grounds, Trash, Water, Dues Paid Monthly, Security
  • Association Fee: 326.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Place
  • Phone: 818-778-3331
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 34912.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 82
  • Number Of Units Total: 1

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2018
Closed on
May 15, 2018
Sold by
Augustus Ikwuakor Olutoyin
Bought by
Castillo Anthony Francisco and Eldridge Shawn Sheridan
Seller's Agent
Chloe Cruz
Beach Cities Management, Inc.
Buyer's Agent
Amy Conrad
Nationwide Real Estate Execs
List Price
$384,900
Sold Price
$393,050
Premium/Discount to List
$8,150
2.12%
Current Estimated Value
$572,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,427
Avg. Annual Appreciation
5.29%
Original Mortgage
$314,440
Outstanding Balance
$271,364
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$301,113

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 22, 2016
Sold by
Ikwuakor Akobundu
Bought by
Augustus Ikwuakor Olutoyin
Seller's Agent
Clay Wilson
Coldwell Banker Coastal Alliance
Buyer's Agent
Dee Shiohama
Berkshire Hathaway HomeService
List Price
$294,500
Sold Price
$291,500
Premium/Discount to List
-$3,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.98%
Original Mortgage
$233,200
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 11, 2016
Sold by
Erb Adrian E
Bought by
Augustus Ikwuakor Olutoyin
Seller's Agent
Clay Wilson
Coldwell Banker Coastal Alliance
Buyer's Agent
Dee Shiohama
Berkshire Hathaway HomeService
List Price
$294,500
Sold Price
$291,500
Premium/Discount to List
-$3,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,200
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2001
Sold by
Wilson Christopher B
Bought by
Erb Adrian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.26%

Purchase Details

Closed on
Mar 10, 1995
Sold by
Hud
Bought by
Wilson Christopher B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
8.86%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 20, 1994
Sold by
Victoria Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Sep 29, 1994
Sold by
Fematt Ruben M and Velazquez Maricela
Bought by
Victoria Mtg Corp
Source: Public Records

Range of Values:

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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
Castillo Anthony Francisco $393,500 Chicago Title Company
Augustus Ikwuakor Olutoyin -- Fidelity National Title Co
Augustus Ikwuakor Olutoyin $291,500 Fidelity National Title Co
Erb Adrian E $130,000 Orange Coast Title
Wilson Christopher B $116,000 California Counties Title Co
Hud -- First American Title Company
Victoria Mtg Corp $126,119 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Anthony Francisco $314,440
Previous Owner Augustus Ikwuakor Olutoyin $233,200
Previous Owner Augustus Ikwuakor Olutoyin $233,200
Previous Owner Erb Adrian E $117,000
Previous Owner Wilson Christopher B $115,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2018 06/21/18 Sold $393,050 +2.1% $388 / Sq Ft
05/06/2018 05/06/18 For Sale $384,900 -2.1% $380 / Sq Ft
04/26/2018 04/26/18 Off Market $393,050 -- --
04/05/2018 04/05/18 For Sale $384,900 -2.1% $380 / Sq Ft
04/04/2018 04/04/18 Off Market $393,050 -- --
03/27/2018 03/27/18 For Sale $384,900 +32.0% $380 / Sq Ft
09/30/2016 09/30/16 Sold $291,500 -1.0% $287 / Sq Ft View Prior Sale
08/08/2016 08/08/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $294,500 -- $290 / 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 $5,687 $447,161 $279,903 $167,258
2024 $5,687 $438,394 $274,415 $163,979
2023 $5,591 $429,799 $269,035 $160,764
2022 $5,246 $421,372 $263,760 $157,612
2021 $5,141 $413,111 $258,589 $154,522
2019 $5,068 $400,860 $250,920 $149,940
2018 $3,799 $297,330 $152,082 $145,248
2016 $2,066 $162,220 $70,130 $92,090
2015 $1,985 $159,784 $69,077 $90,707
2014 $1,976 $156,655 $67,724 $88,931
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chloe Cruz

    Beach Cities Management, Inc.

  • A

    Buyer's Agent in 2018

    Amy Conrad

    Nationwide Real Estate Execs

    Section Image

  • C

    Seller's Agent in 2016

    Clay Wilson

    Coldwell Banker Coastal Alliance

  • Dee Shiohama

    Buyer's Agent in 2016

    Dee Shiohama

    Berkshire Hathaway HomeService

    (949) 322-4225

    25 Total Sales

    Dee Shiohama
    Section Image
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About This Building

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18069575

California Regional Multiple Listing Service (CRMLS)

APN: 7278-021-142

California Los Angeles County Long Beach 90802 West Village

535 Magnolia Ave Unit 304, Long Beach, CA

This home is located at 535 Magnolia Ave Unit 304, Long Beach, CA 90802 since 27 March 2018 and is currently estimated at $572,477, approximately $564 per square foot. This property was built in 1990. 535 Magnolia Ave Unit 304 is a home located in Los Angeles County with nearby schools including Cesar Chavez Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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