NOT LISTED FOR SALE

Estimated Value: $322,000 - $366,000

-- Bed
1 Bath
448 Sq Ft
$233/mo HOA Fee

Last Sold February 14, 2024

Last sale price $300,000 $670 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,201/month

42 Days on Market

Highlights

  • Fitness Center
  • 5-minute walk to 1St Street Station
  • 0.77 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • City Lights View
  • Billiard Room

About This Home

As of February 2024

Welcome to the historic Lafayette building in the heart of Downtown Long Beach, where echoes of the past harmonize with modern living. Our featured property, a 448-square-foot studio on the 9th floor, offers a unique opportunity for those seeking a smaller footprint within this iconic address. Boasting large, elongated windows, the studio floods with natural light, offering stunning views that enhance its overall appeal. The Lafayette building, with its prestigious historical designation, stands as a testament to timeless architecture. Upon entry, a sophisticated grand lobby sets the tone for the charm within each residence, while expansive lounging areas with large windows offer a perfect blend of relaxation and panoramic city views. The second floor is composed of office units, and the ground floor houses an array of commercial spaces, including retail shops, a salon, and a sandwich shop, adding to the vibrant character of the Lafayette community. On-site management ensures prompt attention to your needs, while the large gym, BBQ area, game room with a pool table and kids play area, and on-site laundry facilities cater to a range of lifestyles. For those seeking convenience, nearby monthly parking options complement your urban lifestyle. Step outside, and you'll find yourself in the heart of Downtown Long Beach, with an array of restaurants, the East Village Art District, and the Performing Arts Center all within convenient walking distance. Boasting an impressive walkability score, this location ensures easy access to the vibrancy of urban life. Additionally, nearby attractions, including the Aquarium of the Pacific, Long Beach Museum of Art, Museum of Latin American Art, Shoreline Aquatic Park, and sun-soaked beaches, enrich the cultural and recreational possibilities, adding to the allure of this prime address. While this studio is a major fixer-upper, its smaller size presents a unique opportunity for those with a vision to craft a personalized haven within this historic building. Discover the potential of this space and relish the chance to make a mark on Lafayette's storied legacy.

Last Listed By

Talin Mardirosians

Keller Williams R. E. Services License #01350014 Listed on: 12/14/2023

Keller Williams R. E. Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $906

Year Built

  • Built in 1928

Lot Details

  • 0.77

HOA Fees

  • $233 Monthly HOA Fees

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 448 Sq Ft Home
  • 1-Story Property
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub

Home Security

Additional Features

  • Patio
  • Two or More Common Walls
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 23932
  • Assessor Parcel Number 7281020077
  • $217 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 173 Units
  • Lafayette Association Of Homeowners, Inc. Association, Phone Number (562) 436-5391
  • Lafayette Building Subdivision

Amenities

  • Community Barbecue Grill
  • Billiard Room
  • Recreation Room
  • Laundry Facilities

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$906

Year Built

Built in 1928

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Refrigerator and Stove in AS IS condition.
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Lafayette Building (LF)
  • View: Yes
  • Zoning: LBPD30
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7281020077
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 448.00 Square Feet
  • Stories: 1
  • Entry Location: 9th Floor
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Entry Level: 9
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 669.64
  • Bathroom Features: Bathtub

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Gym/Ex Room, Billiard Room, Recreation Room, Insurance, Trash, Sewer, Pet Rules, Management, Controlled Access
  • Association Fee: 232.50
  • Association Fee Frequency: Monthly
  • Association Name: Lafayette Association of Homeowners, Inc.
  • Phone: 562-436-5391
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks
  • Association Management: Lafayette Association of Homeowners, Inc.

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 33496.00
  • Lot Size Acres: 0.7690

Multi Family

  • Lease Considered: No
  • Lot Size Area: 33496.0000 Square Feet
  • Number Of Units In Community: 173
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5760.01
  • Tax Lot: 1
  • Tax Tract Number: 23932
  • TaxOtherAnnualAssessmentAmount: 217.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 31, 2024
Sold by
Coastal Capital Homes Llc
Bought by
Hh Brothers Inc
Seller's Agent
Talin Mardirosians
Keller Williams R. E. Services
Buyer's Agent
Mersad Hatami Moslehabadi
Clean Slate CA Inc.
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Total Days on Market
42
Views
129
Current Estimated Value
$338,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,995
Avg. Annual Appreciation
10.81%
Original Mortgage
$230,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 29, 2024
Sold by
Richard Robert W
Bought by
Coastal Capital Flames Llc
Seller's Agent
Talin Mardirosians
Keller Williams R. E. Services
Buyer's Agent
Mersad Hatami Moslehabadi
Clean Slate CA Inc.
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 15, 2002
Sold by
Richard Robert W
Bought by
Richard Robert W

Range of Values:

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Average Value
Not Available
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
Hh Brothers Inc $325,000 Lawyers Title Company
Coastal Capital Flames Llc $300,000 Lawyers Title Company
Richard Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hh Brothers Inc $285,000
Closed Hh Brothers Inc $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $300,000 -7.7% $670 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
01/14/2024 01/14/24 Price Changed $325,000 -7.1% $725 / Sq Ft
12/14/2023 12/14/23 For Sale $350,000 -- $781 / 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 $906 $61,255 $24,453 $36,802
2023 $886 $60,055 $23,974 $36,081
2022 $834 $58,878 $23,504 $35,374
2021 $795 $57,725 $23,044 $34,681
2019 $780 $56,014 $22,361 $33,653
2018 $763 $54,917 $21,923 $32,994
2016 $702 $52,787 $21,073 $31,714
2015 $676 $51,995 $20,757 $31,238
2014 $677 $50,978 $20,351 $30,627
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23223845

California Regional Multiple Listing Service (CRMLS)

APN: 7281-020-077