NOT LISTED FOR SALE

Estimated Value: $422,000 - $470,000

1 Bed
1 Bath
579 Sq Ft
$450/mo HOA Fee

Last Sold December 16, 2016

Last sale price $295,000 $509 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,997/month

17 Days on Market

Highlights

  • Beach Front
  • Property has ocean access
  • City Lights View
  • Long Beach Polytechnic High School Rated A
  • 24-Hour Security
  • 51,673 Sq Ft lot

About This Home

As of December 2016

*****Perfectly Updated Studio With Stunning City Lights Views***** Welcome to unit 508 in the iconic Villa Riviera building in downtown Long Beach. As you walk into the unit—the very first thing that will strike you is the amazing lighting, tall ceilings, and direct views of Ocean Blvd only featured by the “08” vertical block of units. The owner has stylishly appointed the space with an in vogue paint scheme and many upgrades. The updated kitchen features granite counter tops, glass tile back splash, newer cabinetry, and a beautiful tile floor. As you make your way to the other side of the condo, you will find a nice sized closet and dressing area as well as a stylishly updated bathroom with glass tile shower/tub enclosure and sliding shower door. The building features direct beach and bike path access with the HOA fees covering ALL UTILITIES. Property is designated as part of the Mills Act giving the owner great property tax advantages as well as being FHA APPROVED. The Villa Riviera is a Neo-Gothic architectural masterpiece and one of the most recognizable buildings along the Long Beach coastline as well listed in the National Register of Historic Places. Don't miss this opportunity to own part of history!!

Last Agent to Sell the Property

Christopher Livingston

The Livingston Group Inc License #01891045 Listed on: 10/20/2016

The Livingston Group Inc

Co-Listed By

James Tir

Nationwide Real Estate Execs License #01940328

Last Buyer's Agent

Cheryl Cotton

Y Realty License #00860384

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,312

Year Built

  • Built in 1928

Lot Details

  • Beach Front
  • Two or More Common Walls
  • Zero Lot Line

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • French Architecture
  • Turnkey

Interior Spaces

  • 579 Sq Ft Home
  • City Lights Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • Dressing Area
  • 1 Full Bathroom

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 5500
  • Assessor Parcel Number 7265004154

Community Details

Overview

  • Master Insurance

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Banquet Facilities
  • Laundry Facilities

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,312

Year Built

Built in 1928

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Guarded, Resident Manager
  • Subdivision Name Other: Villa Riviera (VLR)
  • View: Yes
  • Zoning: LBPD5
  • Architectural Style: French
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265004154
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 579.00 Square Feet
  • Interior Amenities: Granite Counters
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Eating Area: Breakfast Nook
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 509.50
  • Room Type: Dressing Area, Walk-In Closet

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Disposal
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Banquet Facilities, Electricity, Insurance, Trash, Utilities, Sewer, Management, Guard, Security, Controlled Access, Hot Water
  • Association Fee: 450.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Zero Lot Line
  • Lot Size Sq Ft: 51673.00

Multi Family

  • Lease Considered: No
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 5766.01
  • Tax Lot: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Dec 5, 2016
Sold by
Phin Banan
Bought by
Prak Phan
Seller's Agent
Christopher Livingston
The Livingston Group Inc
Buyer's Agent
Cheryl Cotton
Y Realty
List Price
$297,500
Sold Price
$295,000
Premium/Discount to List
-$2,500
-0.84%
Current Estimated Value
$444,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,072
Avg. Annual Appreciation
4.76%
Original Mortgage
$289,656
Outstanding Balance
$235,538
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$208,534

Purchase Details

Listed on
Oct 20, 2016
Closed on
Dec 2, 2016
Sold by
Nevarez Robert
Bought by
Prak Sophal and Prak Phan
Seller's Agent
Christopher Livingston
The Livingston Group Inc
Buyer's Agent
Cheryl Cotton
Y Realty
List Price
$297,500
Sold Price
$295,000
Premium/Discount to List
-$2,500
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,656
Outstanding Balance
$235,538
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$208,534

Purchase Details

Closed on
May 2, 2013
Sold by
Nevarez Claudio Antonio
Bought by
Nevarez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,151
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 2009
Sold by
Merrill Lynch Bank & Trust Company Fsb
Bought by
Nevarez Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,468
Interest Rate
5.2%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2008
Sold by
Hanson Robert D
Bought by
Hanson Robert D and Robert D Hanson Revocable Trust
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
Prak Phan -- Chicago Title Company
Prak Sophal $295,000 Chicago Title Company
Nevarez Robert -- None Available
Nevarez Robert $195,000 North American Title Company
Hanson Robert D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prak Sophal $289,656
Previous Owner Nevarez Robert $186,151
Previous Owner Nevarez Robert $191,468
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2016 12/16/16 Sold $295,000 -0.8% $509 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $297,500 0.0% $514 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
10/20/2016 10/20/16 For Sale $297,500 -- $514 / 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 $2,312 $163,000 $110,840 $52,160
2024 $2,312 $165,000 $130,000 $35,000
2023 $2,446 $176,000 $130,000 $46,000
2022 $1,816 $132,000 $100,000 $32,000
2021 $1,805 $132,000 $100,000 $32,000
2019 $1,435 $99,600 $70,000 $29,600
2018 $1,418 $99,100 $60,000 $39,100
2016 $1,240 $89,400 $50,000 $39,400
2015 $1,115 $81,000 $50,000 $31,000
2014 $1,156 $82,300 $50,000 $32,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16729332

California Regional Multiple Listing Service (CRMLS)

APN: 7265-004-154