NOT LISTED FOR SALE

Estimated Value: $432,679 - $569,000

1 Bed
1 Bath
714 Sq Ft
$398/mo HOA Fee

Last Sold August 23, 2021

Last sale price $412,000 $577 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,428/month

26 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Open Floorplan
  • Long Beach Polytechnic High School Rated A
  • 0.7 Acre Lot
  • Modern Architecture

About This Home

As of August 2021

Buyer could not perform! Back on the Market!
First time on the market since built in 2004! Turnkey, pride of ownership, one owner! Contemporary 1 BR 1 BA condominium unit in the newer-built Lofts on 4th building in the East Village Arts District area of Downtown Long Beach. Enjoy a short walk to the beach, nearby restaurants, and entertainment/shopping districts such as Retro Row on 4th Street, Pine Ave, the Pike Outlets, the Promenade, Aquarium of the Pacific, and the Long Beach Convention Center. Take the beach bike path to Belmont Shore. The cozy interior design of this first-floor corner unit stays cool during the summer with afternoon natural light and no one below. This home has sealed concrete flooring throughout, Corian counters in both the kitchen and bath, and comes equipped with a stainless steel sink & appliances including microwave, refrigerator w/ice maker, and gas stove/oven. This unit has central AC/heat and inside laundry (stacked washer/dryer included in the sale). Enjoy cocktails in your enclosed patio with a view of the interior courtyard. A huge rooftop deck offers expansive opportunities for multiple functions which could include BBQs, dining, or simply enjoying the spectacular downtown skyline steps from your unit. A single subterranean parking space is included along with bike and sporting equipment storage. Possible rent of additional parking space from the HOA. Pets are allowed. Buyer and Buyer's agent to verify accuracy of the square footage.

Last Agent to Sell the Property

Roni Fajardo

Investment Experts Inc License #01721263 Listed on: 06/29/2021

Last Buyer's Agent

Kate Olivas

First Team Real Estate License #01911995

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,733

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • End Unit
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $398 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Automatic Gate

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Flat Roof Shape
  • Fire Rated Drywall
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 714 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Partially Furnished
  • Crown Molding
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Dining Room
  • Concrete Flooring
  • Courtyard Views
  • Closed Circuit Camera

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Corian Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Corian Bathroom Countertops
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Accessible Home Design

  • Accessible Elevator Installed
  • Customized Wheelchair Accessible
  • Doors swing in
  • No Interior Steps

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Location

  • Urban Location

Utilities

  • Ducts Professionally Air-Sealed
  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 53629
  • Assessor Parcel Number 7281012083

Community Details

Overview

  • Front Yard Maintenance
  • 33 Units
  • Lofts On 4Th Association, Phone Number (562) 494-4455
  • Paragon Equities HOA
  • Downtown Subdivision

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Community Storage Space

Recreation

  • Fitness Center

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,733

Year Built

Built in 2004 | Remodeled

Lot Details

0

HOA Fees

$398 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Ad Number: 949-278-4283
  • Inclusions: Kitchen appliances and stackable washer and dryer.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBCCO/
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7281012083
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 714.00 Square Feet
  • Interior Amenities: Corian Counters, Crown Molding, Elevator, Open Floorplan, Partially Furnished
  • Stories: 1
  • Entry Location: Ground Floor
  • Common Walls: 2+ Common Walls, End Unit, No One Below
  • Flooring: Concrete
  • Accessibility Features: Accessible Elevator Installed, Customized Wheelchair Accessible, Doors - Swing In, No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 577.03
  • Room Type: All Bedrooms Down
  • Window Features: Blinds, Double Pane Windows, Screens
  • Bathroom Features: Corian Counters, Exhaust Fan(s), Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Corian Counters

Exterior Features

  • Patio: Yes
  • Other Structures: Storage
  • View: Courtyard
  • Patio And Porch Features: Concrete, Enclosed, Patio
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Ducts Professionally Air-Sealed, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet, Inside, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Storage, Call for Rules, Controlled Access, Maintenance Front Yard
  • Association Fee: 398.14
  • Association Fee Frequency: Monthly
  • Association Name: Lofts On 4th
  • Phone: 5624944455
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights, Urban
  • Association Management: Paragon Equities

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 30538.00
  • Lot Size Acres: 0.7011

Multi Family

  • Lease Considered: No
  • Lot Size Area: 30538.0000 Square Feet
  • Number Of Units In Community: 33
  • Number Of Units Total: 33

Tax Info

  • Tax Census Tract: 5762.00
  • Tax Lot: 1
  • Tax Tract Number: 53629

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2024
Sold by
Pascascio James and Pascascio Clara J
Bought by
Pascascio Family Revocable Living Trust and Pascascio
Current Estimated Value
$480,920

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 12, 2021
Sold by
Fajardo Raymond
Bought by
Pascascio James and Pascascio Clara J
Seller's Agent
Roni Fajardo
Investment Experts Inc
Buyer's Agent
Kate Olivas
First Team Real Estate
List Price
$389,000
Sold Price
$412,000
Premium/Discount to List
$23,000
5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$309,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 9, 2021
Sold by
Unknown
Bought by
Pascascio James and Pascascio Clara J
Seller's Agent
Roni Fajardo
Investment Experts Inc
Buyer's Agent
Kate Olivas
First Team Real Estate
List Price
$389,000
Sold Price
$412,000
Premium/Discount to List
$23,000
5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2004
Sold by
Team Lofts Llc
Bought by
Fajardo Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,660
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
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
Pascascio Family Revocable Living Trust -- None Listed On Document
Pascascio James $412,000 Provident Title Company
Pascascio James $412,000 Provident Title
Fajardo Raymond -- Provident Title
Fajardo Raymond $178,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pascascio James $309,000
Previous Owner Pascascio James $309,000
Previous Owner Fajardo Raymond $172,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2021 08/23/21 Sold $412,000 +3.3% $577 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/24/2021 07/24/21 Price Changed $399,000 +2.6% $559 / Sq Ft
07/24/2021 07/24/21 For Sale $389,000 0.0% $545 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $389,000 -- $545 / 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 $5,733 $437,216 $312,206 $125,010
2024 $5,733 $428,644 $306,085 $122,559
2023 $5,631 $420,240 $300,084 $120,156
2022 $5,286 $412,000 $294,200 $117,800
2021 $3,013 $233,788 $116,894 $116,894
2020 $3,002 $231,392 $115,696 $115,696
2019 $2,963 $226,856 $113,428 $113,428
2018 $2,886 $222,408 $111,204 $111,204
2016 $2,710 $213,774 $106,887 $106,887
2015 $2,603 $210,564 $105,282 $105,282
2014 $2,584 $206,440 $103,220 $103,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21141567

California Regional Multiple Listing Service (CRMLS)

APN: 7281-012-083