NOT LISTED FOR SALE

Park Ocean Condos 5585 E Pacific Coast Hwy Unit 173 Long Beach, CA 90804

Park Estates Neighborhood

Estimated Value: $352,798 - $375,000

1 Bed
1 Bath
597 Sq Ft
$268/mo HOA Fee

Last Sold June 09, 2017

Last sale price $230,000 $385 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,541/month

6 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • 147,472 Sq Ft lot
  • Minnie Gant Elementary School Rated A
  • In Ground Pool
  • Clubhouse

About This Home

As of June 2017

The Park Ocean Condominiums are located in an absolutely perfect location: a short walk from supermarkets, stores, restaurants, a park, golf course, and of course, Cal State University Long Beach. The location of the condo affords a great opportunity both short and long term to own and live in your first home and then when you are ready to move on, rent it to one of the 35,000+ students enrolled at CSULB yearly. For the prospective buyers who are already looking for some rental income, you can purchase this property and walk into rental income Day 1. For the prospective buyers with family attending or planning to attend CSULB, this is a fantastic and affordable way to provide housing for the student in your family while also investing in the future. The Condo is one bedroom and one bathroom and almost 600 square feet. The community boasts it's own Laundry, a beautiful Pool area, Jacuzzi, Sauna, Tennis Court, and Gym.

Last Agent to Sell the Property

Garrison Comstock

Garrison Team Real Estate License #01895704 Listed on: 05/07/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,468

Year Built

  • Built in 1970

Lot Details

  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $268 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 597 Sq Ft Home
  • Living Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 37203
  • Assessor Parcel Number 7240025091

Community Details

Overview

  • Park Ocean Association, Phone Number (562) 597-3328

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,468

Year Built

Built in 1970

Lot Details

0

HOA Fees

$268 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Park Ocean (PO)
  • View: No
  • Zoning: LBR4R
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7240025091
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 597.00 Square Feet
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Carpet
  • 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: 385.26
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Pool Features: Association, Community, In Ground
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer, Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Tennis Court(s), Gym/Ex Room, Clubhouse, Trash, Water
  • Association Fee: 268.09
  • Association Fee Frequency: Monthly
  • Association Name: Park Ocean
  • Phone: (562) 597-3328
  • Senior Community: No
  • Community Features: Golf, Suburban

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 147472.00

Multi Family

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

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2017
Closed on
May 19, 2017
Sold by
Rhodes Meade Asha Thulani
Bought by
Ochoa Gerardo and Gerardo Ochoa Family Trust
Seller's Agent
Garrison Comstock
Garrison Team Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$220,000
Sold Price
$230,000
Premium/Discount to List
$10,000
4.55%
Current Estimated Value
$362,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,280
Avg. Annual Appreciation
5.76%
Original Mortgage
$207,000
Outstanding Balance
$172,733
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$190,467

Purchase Details

Listed on
May 6, 2015
Closed on
Sep 2, 2015
Sold by
Meade Sean D
Bought by
Rhodes Meade Asha Thulani
Seller's Agent
Marty Eisenberg
Coldwell Banker Realty
Buyer's Agent
Marty Eisenberg
Coldwell Banker Realty
List Price
$189,888
Sold Price
$182,500
Premium/Discount to List
-$7,388
-3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$146,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2015
Closed on
Aug 7, 2015
Sold by
Sherratt and Young
Bought by
Rhodes Meade Asha Thalani
Seller's Agent
Marty Eisenberg
Coldwell Banker Realty
Buyer's Agent
Marty Eisenberg
Coldwell Banker Realty
List Price
$189,888
Sold Price
$182,500
Premium/Discount to List
-$7,388
-3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Ochoa Gerardo $230,000 Progressive Title
Rhodes Meade Asha Thulani -- Lawyers Title
Rhodes Meade Asha Thalani $182,500 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Gerardo $207,000
Previous Owner Rhodes Meade Asha Thulani $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2017 06/09/17 Sold $230,000 +4.5% $385 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
05/07/2017 05/07/17 For Sale $220,000 0.0% $369 / Sq Ft
12/23/2016 12/23/16 Rented $1,275 0.0% --
12/16/2016 12/16/16 For Rent $1,275 0.0% --
09/29/2015 09/29/15 Sold $182,500 -1.3% $306 / Sq Ft
08/06/2015 08/06/15 Pending -- -- --
07/27/2015 07/27/15 Price Changed $184,900 -2.6% $310 / Sq Ft
07/09/2015 07/09/15 For Sale $189,888 0.0% $318 / Sq Ft
06/13/2015 06/13/15 Pending -- -- --
05/27/2015 05/27/15 Price Changed $189,888 -5.0% $318 / Sq Ft
05/11/2015 05/11/15 Price Changed $199,900 -7.0% $335 / Sq Ft
05/06/2015 05/06/15 For Sale $215,000 -- $360 / 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 $3,468 $266,929 $121,858 $145,071
2024 $3,468 $261,696 $119,469 $142,227
2023 $3,408 $256,566 $117,127 $139,439
2022 $3,200 $251,536 $114,831 $136,705
2021 $3,135 $246,605 $112,580 $134,025
2019 $3,090 $239,292 $109,242 $130,050
2018 $3,014 $234,600 $107,100 $127,500
2016 $2,279 $182,500 $110,000 $72,500
2015 $1,272 $98,248 $24,352 $73,896
2014 $1,269 $96,324 $23,875 $72,449
Source: Public Records

Agents Affiliated with this Home

  • Garrison Comstock

    Seller's Agent in 2017

    Garrison Comstock

    Garrison Team Real Estate

    (310) 980-6110

    55 Total Sales

    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,779 Total Sales

    Section Image
  • Marty Eisenberg

    Seller's Agent in 2016

    Marty Eisenberg

    Coldwell Banker Realty

    (562) 805-7777

    2 in this area

    22 Total Sales

    Section Image
  • Karin Kulungian

    Buyer's Agent in 2016

    Karin Kulungian

    Keller Williams Realty

    (714) 815-3849

    13 Total Sales

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About Park Ocean Condos

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17100443

California Regional Multiple Listing Service (CRMLS)

APN: 7240-025-091

California Los Angeles County Long Beach 90804 Park Estates

5585 E Pacific Coast Hwy Unit 173, Long Beach, CA

This home is located at 5585 E Pacific Coast Hwy Unit 173, Long Beach, CA 90804 since 07 May 2017 and is currently estimated at $363,200, approximately $608 per square foot. This property was built in 1970. 5585 E Pacific Coast Hwy Unit 173 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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