NOT LISTED FOR SALE

Estimated Value: $544,682 - $602,000

1 Bed
1 Bath
864 Sq Ft
$977/mo HOA Fee

Last Sold May 09, 2023

Last sale price $565,000 $654 Per Sq Ft

Current estimated payment $4,376/month

254 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 24-Hour Security
  • Long Beach Polytechnic High School Rated A
  • Property has ocean access
  • 1.19 Acre Lot

About This Home

As of May 2023

Downtown Long Beach is magical, including the beautiful, exquisite, and iconic Villa Rivera!!! Unit 510 is a charming, oversized corner unit with 360-degree views of the ocean, mountains, city, or beach from every room. The one-bedroom home offers hardwood flooring, coved ceilings, bay windows, large walk-in closet, and dressing area with added storage. Bright and sunny art deco bathroom with updated tile flooring and vanity area. The galley kitchen is also recently updated with newer tile flooring, refrigerator and paint!! Villa Rivera has so much to offer their residents! Grand ballroom with kitchen for catering, spectacular outdoor double deck sitting on the sand and overlooking the beach and waterfront, with BBQ and firepit. The building has a guest suite for overnight visitors. HOA monthly fees cover not only the maintenance of this beautiful property, but it also covers ALL UTILITIES – gas electricity, hot water, heat, basic cable, and internet. Location cannot be beat – situated in the heart of vibrant downtown and steps away from seven miles of the walking, running, and biking path. Walking distance to all the shops, art district, restaurants, Pacific Terrace Theater and Performing Arts Center. Villa Rivera was built in 1928 by renowned architect Richard King and enjoys the property tax benefits of the Mills Act contract with the City of Long Beach!! (Cost savings is approx. $400-$500/month) There is indoor and outdoor parking leased to the residents at a monthly fee. Villa Rivera is FHA and VA approved!!

Last Agent to Sell the Property

Christy Di Leo

Compass License #01797896 Listed on: 07/27/2022

Compass

Co-Listed By

Ellen Henry

Compass License #02000934

Last Buyer's Agent

Marck Aben

Compass License #01976872

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,940

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • Beach Front
  • Property Fronts a Bay or Harbor
  • End Unit
  • Two or More Common Walls

HOA Fees

  • $977 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Home Design

  • Split Level Home
  • Copper Roof

Interior Spaces

  • 864 Sq Ft Home
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Makeup or Vanity Space
  • Bathtub with Shower
  • Linen Closet In Bathroom
  • Closet In Bathroom

Home Security

Outdoor Features

  • Property has ocean access
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Radiant Heating System
  • Hot Water Heating System
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Legal Lot and Block 1 / 5500
  • Tax Tract Number 1
  • Assessor Parcel Number 7265004155

Community Details

Overview

  • Master Insurance
  • 134 Units
  • Villa Rivera Association, Phone Number (949) 372-4015
  • Powerstone HOA
  • Built by Richard King
  • Villa Riviera Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Banquet Facilities
  • Meeting Room
  • Recreation Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Water Sports

Pet Policy

  • Pet Restriction

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,940

Year Built

Built in 1928 | Remodeled

Lot Details

0

HOA Fees

$977 per month

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Appliances, refrigerator, built-in cabinets in bedroom, bathroom, chandeliers
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Card/Code Access, Fire and Smoke Detection System, Fire Sprinkler System, Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Villa Riviera (VLR)
  • View: Yes
  • Zoning: LBPD5
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265004155
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 864.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Elevator, High Ceilings
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Levels: Multi/Split
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 653.94
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Walk-In Closet
  • Bathroom Features: Bathtub, Shower In Tub, Closet In Bathroom, Linen Closet/Storage, Vanity Area
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Catalina, City Lights, Coastline, Harbor, Mountain(s), Ocean
  • Builder Name: Richard King
  • Pool Private: No
  • Roof: Copper
  • Spa: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Outdoor Cooking Area, Banquet Facilities, Recreation Room, Meeting Room, Storage, Cable TV, Earthquake Insurance, Electricity, Gas, Insurance, Maintenance Grounds, Trash, Utilities, Sewer, Water, Pet Rules, Guard, Security, Controlled Access, Hot Water
  • Association Fee: 976.74
  • Association Fee Frequency: Monthly
  • Association Name: Villa Rivera
  • Phone: 9493724015
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Watersports, Storm Drains, Street Lights
  • Association Management: Powerstone

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • 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
  • Waterfront Features: Bay Front, Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Block: 5500
  • Tax Census Tract: 5766.01
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Apr 13, 2023
Sold by
Durkee Alison M
Bought by
Nelson Zachary and Kilsby Jessica
Seller's Agent
Christy Di Leo
Compass
Buyer's Agent
Marck Aben
Compass
List Price
$569,000
Sold Price
$565,000
Premium/Discount to List
-$4,000
-0.7%
Total Days on Market
254
Views
31
Current Estimated Value
$566,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,171
Avg. Annual Appreciation
1.58%
Original Mortgage
$113,000
Outstanding Balance
$28,007
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$556,026

Purchase Details

Closed on
Jan 8, 2010
Sold by
Bank Of America Na
Bought by
Durkee Alison M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.78%
Mortgage Type
Seller Take Back

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

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Range of Values:

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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
Nelson Zachary $565,000 Ticor Title Company
Durkee Alison M $245,000 North American Title Company
Hanson Robert D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Zachary $113,000
Open Nelson Zachary $452,000
Previous Owner Ourkee Alison M $243,000
Previous Owner Durkee Alison M $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $565,000 -0.7% $654 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $569,000 0.0% $659 / Sq Ft
03/14/2023 03/14/23 For Sale $569,000 +0.7% $659 / Sq Ft
01/18/2023 01/18/23 Off Market $565,000 -- --
01/17/2023 01/17/23 For Sale $590,000 +4.4% $683 / Sq Ft
01/16/2023 01/16/23 Off Market $565,000 -- --
01/16/2023 01/16/23 For Sale $590,000 +4.4% $683 / Sq Ft
01/15/2023 01/15/23 Off Market $565,000 -- --
01/15/2023 01/15/23 For Sale $590,000 +4.4% $683 / Sq Ft
01/14/2023 01/14/23 Off Market $565,000 -- --
12/06/2022 12/06/22 Price Changed $590,000 0.0% $683 / Sq Ft
12/06/2022 12/06/22 For Sale $590,000 +4.4% $683 / Sq Ft
10/31/2022 10/31/22 Off Market $565,000 -- --
08/18/2022 08/18/22 Price Changed $595,000 -2.3% $689 / Sq Ft
07/27/2022 07/27/22 For Sale $609,000 -- $705 / 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
2024 $2,940 $214,000 $150,000 $64,000
2023 $3,038 $229,000 $150,000 $79,000
2022 $2,287 $177,000 $100,000 $77,000
2021 $2,275 $177,000 $100,000 $77,000
2019 $1,950 $147,800 $100,000 $47,800
2018 $1,998 $152,800 $80,000 $72,800
2016 $1,821 $145,600 $70,000 $75,600
2015 $1,581 $128,400 $70,000 $58,400
2014 $1,845 $108,000 $60,000 $48,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22164056

California Regional Multiple Listing Service (CRMLS)

APN: 7265-004-155