Park Ocean Condos 5585 E Pacific Coast Hwy Unit 248 Long Beach, CA 90804
Park Estates Neighborhood
--
Bed
1
Bath
418
Sq Ft
$378/mo
HOA Fee
Highlights
- Fitness Center
- Gated Parking
- 3.39 Acre Lot
- Minnie Gant Elementary School Rated A
- City Lights View
- Clubhouse
About This Home
As of March 2025Amazing Second floor, north facing studio in Park Ocean! This unit has been freshly painted with new flooring, newer window, updated kitchen, new stove, microwave and refrigerator. Park Ocean is a gated community and is located next to CSULB, the VA, Belmont Shore and beach. The complex amenities include swimming pool, spa, gym, tennis courts, bike storage room, common meeting room and a BBQ area. There is an onsite property manager and laundry facilities on each level. This unit has 1 parking space and storage cabinet in gated parking structure. The HOA includes water, trash, sewer and VA approved. Great value, Move-in ready!
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Email: scott@scottLBnow.com License #01389775 Listed on: 01/18/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,254
Year Built
- Built in 1970
HOA Fees
- $378 Monthly HOA Fees
Property Views
- City Lights
- Mountain
- Hills
- Neighborhood
Home Design
- Contemporary Architecture
- Turnkey
Interior Spaces
- 418 Sq Ft Home
- 3-Story Property
- Vinyl Flooring
- Laundry Room
Kitchen
- Free-Standing Range
- Microwave
- Laminate Countertops
Bedrooms and Bathrooms
- 1 Full Bathroom
- Bathtub with Shower
Home Security
Parking
- 1 Car Garage
- 1 Open Parking Space
- Parking Available
- Gated Parking
- Parking Lot
- Off-Street Parking
- Assigned Parking
- Community Parking Structure
Utilities
- Hot Water Heating System
- Sewer Paid
Additional Features
- Exterior Lighting
- Two or More Common Walls
- Urban Location
Listing and Financial Details
- Tax Tract Number 37203
- Assessor Parcel Number 7240025143
- Seller Considering Concessions
Community Details
Overview
- 219 Units
- Park Ocean Association, Phone Number (818) 739-1105
- King George Property Management HOA
- Park Ocean Subdivision
Amenities
- Picnic Area
- Recreation Room
- Laundry Facilities
Recreation
- Tennis Courts
- Sport Court
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Pet Restriction
Security
- Resident Manager or Management On Site
- Controlled Access
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 18, 2025
Closed on
Feb 7, 2025
Sold by
Palmer Kerwyn W
Bought by
Ellor Zabe
Seller's Agent
Scott Chapman
Coldwell Banker Realty
Buyer's Agent
Nicole Rouzan
Coldwell Banker Hartwig Realty
List Price
$285,500
Sold Price
$285,500
Total Days on Market
18
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$170,000
Outstanding Balance
$169,718
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$117,801
Purchase Details
Closed on
Sep 24, 2018
Sold by
Palmer Billie J
Bought by
Palmer Kerwyn W
Purchase Details
Closed on
Jun 2, 2011
Sold by
Palmer Kerwyn W
Bought by
Palmer Kerwyn W and Palmer Billie J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
4.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 1994
Sold by
Palmer Kerwyn W
Bought by
Palmer Kerwyn W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,650
Interest Rate
6.98%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 18, 1994
Sold by
Palmer Billie Jo
Bought by
Palmer Kerwyn W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,650
Interest Rate
6.98%
Mortgage Type
FHA
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $285,500 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Quit Claim Deed | -- | Continental Land Title | |
| Individual Deed | -- | Continental Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $170,000 | New Conventional | |
| Previous Owner | $58,500 | New Conventional | |
| Previous Owner | $41,650 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | Sold | $285,500 | 0.0% | $683 / Sq Ft |
| 02/06/2025 02/06/25 | Pending | -- | -- | -- |
| 01/18/2025 01/18/25 | For Sale | $285,500 | -- | $683 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,254 | $84,176 | $22,374 | $61,802 |
| 2023 | $1,231 | $82,527 | $21,936 | $60,591 |
| 2022 | $1,159 | $80,909 | $21,506 | $59,403 |
| 2021 | $1,131 | $79,324 | $21,085 | $58,239 |
| 2019 | $1,165 | $76,972 | $20,460 | $56,512 |
| 2018 | $1,083 | $75,463 | $20,059 | $55,404 |
| 2016 | $1,000 | $72,534 | $19,281 | $53,253 |
| 2015 | $963 | $71,446 | $18,992 | $52,454 |
| 2014 | $963 | $70,047 | $18,620 | $51,427 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Chapman
Seller's Agent in 2025
Scott Chapman
Coldwell Banker Realty
(562) 572-2275
4 in this area
61 Total Sales
-
Nicole Rouzan
Buyer's Agent in 2025
Nicole Rouzan
Coldwell Banker Hartwig Realty
(310) 415-5025
1 in this area
59 Total Sales
About Park Ocean Condos
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24221463
APN: 7240-025-143
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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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