NOT LISTED FOR SALE

Park Ocean Condos 5585 E Pacific Coast Hwy Unit 155 Long Beach, CA 90804

Park Estates Neighborhood

Estimated Value: $362,000 - $402,157

1 Bed
1 Bath
597 Sq Ft
$385/mo HOA Fee

Last Sold January 19, 2022

Last sale price $350,000 $586 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,792/month

5 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Courtyard Views
  • Minnie Gant Elementary School Rated A
  • 3.39 Acre Lot
  • Tennis Courts

About This Home

As of January 2022

Beautifully updated and close to Belmont Shore, CSULB and VA. One of only three units with a custom exterior patio. Located on the first floor, this unit has been upgraded with new flooring, new kitchen cabinets, granite counter tops and crown molding. Dual pane vinyl windows and a sliding door to custom Patio. Updated bathroom vanity and sink. Air conditioning and radiant heat. This unit can include all the furniture and fixtures. The complex features BBQ area, one located just off the patio off this unit. Swimming Pool and Spa, Tennis Courts, Gym, common area. Water is included with the HOA dues.

Last Agent to Sell the Property

Craig Wallace

Think Boutiq Real Estate License #01930723 Listed on: 12/11/2021

Co-Listed By

Karey Hannegan

Think Boutiq Real Estate License #01499216

Last Buyer's Agent

Blake Gunderson

Ignite RE Group License #01962020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,739

Year Built

  • Built in 1970

Lot Details

  • Two or More Common Walls

HOA Fees

  • $385 Monthly HOA Fees

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Interior Spaces

  • 597 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Courtyard Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 37203
  • Assessor Parcel Number 7240025066
  • $197 per year additional tax assessments

Community Details

Overview

  • 219 Units
  • Park Ocean Association
  • Rubin Property Managemant HOA
  • Park Ocean Subdivision

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,739

Year Built

Built in 1970

Lot Details

0

HOA Fees

$385 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Park Ocean (PO)
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7240025066
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 597.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 586.26
  • Room Type: Living Room, Master Bathroom
  • Spa Features: In Ground

Exterior Features

  • View: Courtyard
  • Pool Features: Association, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Tennis Court(s), Gym/Ex Room
  • Association Fee: 385.00
  • Association Fee Frequency: Monthly
  • Association Name: Park Ocean
  • Phone: unkmown
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Rubin Property Managemant

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 147472.00
  • Lot Size Acres: 3.3855

Multi Family

  • Lease Considered: No
  • Lot Size Area: 147472.0000 Square Feet
  • Number Of Units In Community: 219
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5748.00
  • Tax Lot: 1
  • Tax Tract Number: 37203
  • TaxOtherAnnualAssessmentAmount: 197.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Dec 20, 2021
Sold by
Japal Family Trust
Bought by
Magallanes Candice Lynn
Seller's Agent
Craig Wallace
Think Boutiq Real Estate
Buyer's Agent
Blake Gunderson
Ignite RE Group
List Price
$345,000
Sold Price
$350,000
Premium/Discount to List
$5,000
1.45%
Current Estimated Value
$381,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,039
Avg. Annual Appreciation
3.87%
Original Mortgage
$332,500
Outstanding Balance
$307,066
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$95,103

Purchase Details

Closed on
Jul 25, 2016
Sold by
Lee Meekyung
Bought by
Rodriguez Ii James J and Patin Connie M

Purchase Details

Listed on
Aug 12, 2013
Closed on
Aug 28, 2013
Sold by
Nativo Michael Anthony
Bought by
Lee Meekyung
Seller's Agent
Heiner & Natalia Escobar
KW College Park
Buyer's Agent
Heiner & Natalia Escobar
KW College Park
List Price
$154,000
Sold Price
$165,000
Premium/Discount to List
$11,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$123,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 1996
Sold by
Johnson Rodney A
Bought by
Marks Millie and Tsourouflis Dimitris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,050
Interest Rate
8.03%
Mortgage Type
FHA
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
Magallanes Candice Lynn $350,000 Clearmark Title
Rodriguez Ii James J $222,000 Priority Title
Lee Meekyung $165,000 First American Title Company
Marks Millie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magallanes Candice Lynn $332,500
Previous Owner Lee Meekyung $123,000
Previous Owner Nativo Michael Anthony $116,000
Previous Owner Nativo Michael Anthony $20,000
Previous Owner Marks Millie $85,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $350,000 +1.4% $586 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/11/2021 12/11/21 For Sale $345,000 +109.1% $578 / Sq Ft
10/03/2013 10/03/13 Sold $165,000 0.0% $276 / Sq Ft
08/19/2013 08/19/13 Off Market $165,000 -- --
08/17/2013 08/17/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $154,000 -- $258 / 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 $4,739 $371,422 $159,181 $212,241
2024 $4,739 $364,140 $156,060 $208,080
2023 $4,658 $357,000 $153,000 $204,000
2022 $3,096 $242,786 $131,236 $111,550
2021 $3,032 $238,026 $128,663 $109,363
2019 $2,989 $230,968 $124,848 $106,120
2018 $2,916 $226,440 $122,400 $104,040
2016 $2,063 $170,862 $88,020 $82,842
2015 $1,981 $168,296 $86,698 $81,598
2014 $1,971 $165,000 $85,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Craig Wallace

    Seller's Agent in 2022

    Craig Wallace

    Think Boutiq Real Estate

    (562) 673-1138

    7 in this area

    32 Total Sales

    Craig Wallace
    Section Image
  • Karey Hannegan

    Seller Co-Listing Agent in 2022

    Karey Hannegan

    Think Boutiq Real Estate

    (657) 465-5200

    6 in this area

    39 Total Sales

    Karey Hannegan
    Section Image
  • Blake Gunderson

    Buyer's Agent in 2022

    Blake Gunderson

    Ignite RE Group

    (562) 900-5879

    3 in this area

    109 Total Sales

    Blake Gunderson
    Section Image
  • Matthew Welch

    Buyer Co-Listing Agent in 2022

    Matthew Welch

    Ignite RE Group

    (562) 822-1182

    3 in this area

    109 Total Sales

    Matthew Welch
    Section Image
  • Heiner & Natalia Escobar

    Seller's Agent in 2013

    Heiner & Natalia Escobar

    KW College Park

    (310) 569-8361

    2 in this area

    71 Total Sales

    Heiner & Natalia Escobar
    Section Image

  • N

    Seller Co-Listing Agent in 2013

    Natalia Escobar

    KW College Park

    Section Image
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About Park Ocean Condos

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21262918

California Regional Multiple Listing Service (CRMLS)

APN: 7240-025-066

California Los Angeles County Long Beach 90804 Park Estates

5585 E Pacific Coast Hwy Unit 155, Long Beach, CA

This home is located at 5585 E Pacific Coast Hwy Unit 155, Long Beach, CA 90804 since 11 December 2021 and is currently estimated at $381,039, approximately $638 per square foot. This property was built in 1970. 5585 E Pacific Coast Hwy Unit 155 is a home located in Los Angeles County with nearby schools including Minnie Gant Elementary School, Stanford Middle School, and Woodrow Wilson 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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