NOT LISTED FOR SALE

Estimated Value: $538,000 - $597,089

1 Bed
1 Bath
839 Sq Ft
$702/mo HOA Fee

Last Sold January 15, 2021

Last sale price $550,000 $656 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,197/month

68 Days on Market

Highlights

  • Ocean View
  • 1.19 Acre Lot
  • Outdoor Cooking Area
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Banquet Facilities

About This Home

As of January 2021

Enjoy front row ocean views of the Pacific Ocean from this spacious one bedroom, one bath in the historic Villa Riviera. This 16-story building has been called the city’s “most elegant landmark” and has been featured in many movie locations and special events including the Long Beach Grand Prix. All the best of Long Beach dining and shopping are within walking distance. Take the boardwalk to Shoreline Village, shopping and dining at The Pike, Aquarium of the Pacific and much more. With direct beach access, hardwood floors, higher ceilings, bay windows, renovated bathroom, updated large storage closet, updated walk-in closet and kitchen with granite counters, this unit is a coastal living paradise. The HOA fees include ALL utilities (gas, electric, water, heat, trash, cable and internet.) The building also has a ballroom available for rent. This property is also under the Mills-Act which allows you to own this unit with a reduced property tax. Enjoy Downtown Long Beach with the best ocean views.

Last Agent to Sell the Property

Catherine McCloud

Keller Williams Realty License #00835056 Listed on: 10/14/2020

Keller Williams Realty

Co-Listed By

Karla Telleria

Keller Williams Realty License #02042318

Last Buyer's Agent

Shalawn Garcia

S.L. Smith & Associates, Inc. License #01315003

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,863

Year Built

  • Built in 1928

Lot Details

  • 1.19

HOA Fees

  • $702 Monthly HOA Fees

Property Views

Interior Spaces

  • 839 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 5766
  • Assessor Parcel Number 7265004101

Community Details

Overview

  • 134 Units
  • Villa Riviera Association, Phone Number (562) 437-6703
  • First Residential HOA
  • Villa Riviera Subdivision
  • 16-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Banquet Facilities
  • Meeting Room
  • Community Storage Space

Pet Policy

  • Pet Restriction

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,863

Year Built

Built in 1928

Lot Details

0

HOA Fees

$702 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Villa Riviera (VLR)
  • View: Yes
  • Zoning: LBPD5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265004101
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 839.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 16
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • 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: 655.54
  • Room Type: Kitchen, Living Room, Walk-In Closet
  • Bathroom Features: Shower In Tub

Exterior Features

  • View: Coastline, Ocean
  • Pool Private: No

Utilities

  • Laundry: No
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Banquet Facilities, Meeting Room, Storage, Cable TV, Electricity, Gas, Trash, Utilities, Water, Pet Rules, Management, Security, Controlled Access
  • Association Fee: 701.77
  • Association Fee Frequency: Monthly
  • Association Name: Villa Riviera
  • Phone: 562 437 6703
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights
  • Association Management: First Residential

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 51682.00
  • Lot Size Acres: 1.1865

Multi Family

  • Lease Considered: No
  • Lot Size Area: 51682.0000 Square Feet
  • Number Of Units In Community: 134
  • Number Of Units Total: 134

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5766.01
  • Tax Lot: 1
  • Tax Tract Number: 5766.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Dec 23, 2020
Sold by
Kureshi Mohamed Faisal and Nguyen Jessica
Bought by
Garcia Shalawn
Seller's Agent
Catherine McCloud
Keller Williams Realty
Buyer's Agent
Shalawn Garcia
S.L. Smith & Associates, Inc.
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$588,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,487
Avg. Annual Appreciation
0.96%
Original Mortgage
$522,500
Outstanding Balance
$467,399
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$106,873

Purchase Details

Closed on
Apr 12, 2014
Sold by
Kureshi Mohamed Faisal
Bought by
Kureshi Mohamed Faisal and Nguyen Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2007
Sold by
Anguiano Jean Emmanuel
Bought by
Kureshi Mohamed Faisal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,104
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Asquith Philip
Bought by
Anguiano Jean Emmanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 1994
Sold by
Glendale Federal Bank Fsb
Bought by
Abrams Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,050
Interest Rate
7%

Purchase Details

Closed on
Jan 7, 1994
Sold by
Verdugo Service Corp
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,050
Interest Rate
7%
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
Garcia Shalawn $550,000 Chicago Title
Kureshi Mohamed Faisal -- Act
Kureshi Mohamed Faisal $479,000 Fidelity National Title Co
Anguiano Jean Emmanuel $380,000 Fidelity National Title Co
Abrams Christine $119,000 Continental Land Title
Glendale Federal Bank Fsb $155,135 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Shalawn $522,500
Previous Owner Kureshi Mohamed Faisal $343,000
Previous Owner Kureshi Mohamed Faisal $383,104
Previous Owner Anguiano Jean Emmanuel $340,000
Previous Owner Anguiano Jean Emmanuel $85,000
Previous Owner Anguiano Jean Emmanuel $303,000
Previous Owner Asquith Philip $232,000
Previous Owner Asquith Philip $165,000
Previous Owner Abrams Christine $113,050
Closed Anguiano Jean Emmanuel $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $550,000 0.0% $656 / Sq Ft
10/14/2020 10/14/20 For Sale $550,000 0.0% $656 / Sq Ft
12/12/2013 12/12/13 Rented $1,700 0.0% --
11/12/2013 11/12/13 Under Contract -- -- --
10/16/2013 10/16/13 For Rent $1,700 -- --
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 $2,863 $222,000 $142,080 $79,920
2024 $2,863 $212,000 $150,000 $62,000
2023 $3,038 $226,000 $150,000 $76,000
2022 $2,680 $207,000 $100,000 $107,000
2021 $2,671 $207,000 $100,000 $107,000
2020 $2,749 $212,000 $100,000 $112,000
2019 $2,154 $161,300 $100,000 $61,300
2018 $5,580 $446,000 $349,400 $96,600
2016 $4,226 $350,000 $274,000 $76,000
2015 $4,001 $340,000 $266,200 $73,800
2014 $4,050 $340,000 $266,200 $73,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20217333

California Regional Multiple Listing Service (CRMLS)

APN: 7265-004-101