NOT LISTED FOR SALE

Estimated Value: $809,591 - $976,000

2 Beds
2 Baths
1,245 Sq Ft
$1,023/mo HOA Fee

Last Sold September 28, 2020

Last sale price $775,000 $622 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,306/month

37 Days on Market

Highlights

  • Ocean Front
  • Primary Bedroom Suite
  • 1.19 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Updated Kitchen
  • French Architecture

About This Home

As of September 2020

REMODELED, 10th FLOOR, VILLA RIVIERA 2 BEDROOM, 1.75 BATH CONDO WITH UNOBSTRUCTED PACIFIC OCEAN VIEWS! Welcome to one of Long Beach's most elegant landmarks, as described by the LA Times!! This unit has a special pedigree, as its original owner was the building's Architect, Richard D. King. King won several awards for the Villa's French Gothic Design. Like new Galley Kitchen w/Beautiful Italian Granite Countertops. The unit has Ocean or City Vistas from virtually every window Including nearby Views of The Queen Mary, Shoreline Marina, and Catalina Island. Light and Bright Throughout with Fresh Paint, New Floors & Luxurious Baths!! Indoor Laundry, Dishwasher & Trash Compactor featured! The Ocean breezes and proximity to California's Pacific Coast are absolutely amazing! Classic Architectural Lines,Sizable Bedrooms,Closets and TURNKEY! Enjoy the Buildings many features including large outdoor deck with Cabana & BBQ along the sand, The Villa Room, Vintage Mailboxes & on-site staff! YOUR PLACE IN THE SUN IS HERE including Sunset Views! Not to mention: Alamitos Beach and 7 miles of bike and running paths with Shoreline Village, The Pike and numerous trendy shops, bars and restaurants within walking distance. Major Events within immediate proximity include Long Beach Grand Prix, Pride, Jazz Festival, AVP Beach Volleyball, The Marathon, Lobster Festival and Queen Mary Fireworks! This building is a part of the Mills Act tax savings program which considerably reduces property taxes.

Last Listed By

TODD PICCONI

CENTURY 21 EXPERIENCE License #01142052 Listed on: 07/17/2020

CENTURY 21 EXPERIENCE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,997

Year Built

  • Built in 1928

Lot Details

  • Ocean Front
  • Two or More Common Walls

HOA Fees

  • $1,023 Monthly HOA Fees

Property Views

Home Design

  • French Architecture
  • Turnkey
  • Copper Roof
  • Steel Beams

Interior Spaces

  • 1,245 Sq Ft Home
  • Coffered Ceiling
  • Laminate Flooring
  • Closed Circuit Camera

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Radiant Heating System
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1,2 / 1
  • Tax Tract Number 576601
  • Assessor Parcel Number 7265004087

Community Details

Overview

  • 134 Units
  • Villa Riviera Condo Association, Phone Number (800) 428-5588
  • First Service Residential HOA
  • Alamitos Beach Subdivision
  • Maintained Community
  • 15-Story Property

Amenities

  • Outdoor Cooking Area
  • Banquet Facilities
  • Meeting Room
  • Recreation Room

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,997

Year Built

Built in 1928

Lot Details

0

HOA Fees

$1,023 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Security: Closed Circuit Camera(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBPD5
  • Architectural Style: French
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7265004087
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1245.00 Square Feet
  • Interior Amenities: Coffered Ceiling(s)
  • Stories: 15
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 622.49
  • Room Type: Master Bathroom, Master Bedroom, Master Suite
  • Bathroom Features: Shower, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Exterior Features: Lighting
  • View: Coastline, Marina, Ocean
  • Pool Private: No
  • Roof: Copper
  • Construction Materials: Steel

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Outdoor Cooking Area, Banquet Facilities, Recreation Room, Meeting Room, Cable TV, Electricity, Gas, Maintenance Grounds, Trash, Utilities, Water, Pet Rules, Pets Permitted, Call for Rules, Controlled Access
  • Association Fee: 1023.00
  • Association Fee Frequency: Monthly
  • Association Name: Villa Riviera Condo Association
  • Phone: 800-428-5588
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Urban
  • Association Management: First Service 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
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5766.01
  • Tax Lot: 1,2
  • Tax Tract Number: 576601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 18, 2020
Sold by
Peterson Timothy Joseph and Timothy Joseph Peterson Trust
Bought by
Guram Anil S and Guram Family Trust
Seller's Agent
TODD PICCONI
CENTURY 21 EXPERIENCE
Buyer's Agent
Yuying Wang Guram
TXR Homes, Inc.
List Price
$820,000
Sold Price
$775,000
Premium/Discount to List
-$45,000
-5.49%
Total Days on Market
37
Current Estimated Value
$886,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,898
Avg. Annual Appreciation
3.00%

Purchase Details

Closed on
May 25, 2018
Sold by
Peterson Timothy Joseph
Bought by
Timothy Joseph Peterson Trust

Purchase Details

Closed on
Oct 28, 2009
Sold by
Peterson Timothy Joseph
Bought by
Peterson Timothy Joseph and Timothy Joseph Peterson Revocable Living

Purchase Details

Closed on
May 1, 2002
Sold by
Storey Ray W
Bought by
Peterson Timothy Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
6.83%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Katz Treuman P and Carlyn G Marks Declaration Of
Bought by
Storey Ray W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.86%

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
Guram Anil S $775,000 Fidelity National Title Co
Timothy Joseph Peterson Trust -- None Available
Peterson Timothy Joseph -- None Available
Peterson Timothy Joseph $359,000 Commonwealth Land Title Co
Storey Ray W $270,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Timothy Joseph $230,576
Previous Owner Peterson Timothy Joseph $303,000
Previous Owner Peterson Timothy Joseph $36,750
Previous Owner Peterson Timothy Joseph $211,000
Previous Owner Peterson Timothy Joseph $316,000
Previous Owner Peterson Timothy Joseph $35,780
Previous Owner Peterson Timothy Joseph $287,200
Previous Owner Storey Ray W $50,000
Previous Owner Storey Ray W $216,000
Closed Peterson Timothy Joseph $35,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $775,000 -5.5% $622 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $820,000 +5.8% $659 / Sq Ft
07/17/2020 07/17/20 Off Market $775,000 -- --
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 $3,997 $301,000 $200,000 $101,000
2023 $4,098 $309,000 $200,000 $109,000
2022 $3,480 $272,000 $150,000 $122,000
2021 $3,469 $272,000 $150,000 $122,000
2020 $2,389 $187,000 $100,000 $87,000
2019 $2,304 $178,800 $100,000 $78,800
2018 $2,252 $175,500 $90,000 $85,500
2017 $2,268 $175,500 $90,000 $85,500
2016 $2,034 $166,100 $90,000 $76,100
2015 $2,239 $189,000 $90,000 $99,000
2014 $2,044 $162,700 $90,000 $72,700
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20139076

California Regional Multiple Listing Service (CRMLS)

APN: 7265-004-087