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207 E Broadway 401, Long Beach, CA 90802

Sale Price: $675,000
Jul 12, 20241,310 sqft1 beds2 baths
Listed by: Wes Wellman
License #: 00467451
Phone #: 310-829-7423
Wellman Realty Co.
Source:
CRMLS Logo
MLS #: 24418985

Property Description

New-York-style loft living in the Historical Insurance Exchange Building in Long Beach. An eight-story Beaux Arts building constructed in 1925, it was added to the National Register of Historic Places in 2003 and is currently part of the Mills Act tax abatement program. The building is one of downtown's finest terra cotta clad structures, with rich polychrome ornamentation. It underwent an adaptive reuse to create loft residential units. Original brick and mortar walls, exposed ducts, high ceilings, concrete beams and lots of large windows for amazing views. Gourmet kitchen with stainless steel Viking appliances, large counter tops and recessed lighting. Inside laundry, AC & heating. Also, a custom personal walk-in closet, large bathroom with a dual vanity, separate 2-person shower and deep tub with jetted jacuzzi and in-unit washer/dryer.. Bonus large separate storage room just outside front door.. Situated in the heart of Downtown Long Beach Dining & Entertainment District. Just a short distance to the Marina, Ocean, The Pike, restaurants, Performing Arts Center, Convention Center, Arts District, Shoreline Village, Pier, Aquarium of the Pacific, grocery stores and public transportation. Parking terms and conditions apply. Unit 402 also available for sale at $749,000. Unit 401 and 402 take up the entire fourth floor.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,461

TurboHome Estimated Value

$698,200

$533 sqft

High Valuation
$733,110
$560/sqft
Normal Valuation
$698,200
$533/sqft
Low Valuation
$663,290
$506/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$533/sqft$698,200

Neighborhood: Downtown

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Comparative Value

$470K

$620K

$675K

$699K

$784K

$904K

315 W 3rd St 605, Long Beach, CA 90802

Sale Price: $470,000

Selected Comparable

133 the Promenade N 402, Long Beach, CA 90802

Sale Price: $620,000

Selected Comparable

207 E Broadway 401, Long Beach, CA 90802

Sale Price: $675,000

Selected Comparable

207 E Broadway 401, Long Beach, CA 90802

List Price: $699,000

Subject Property

133 the Promenade N 521, Long Beach, CA 90802

Sale Price: $784,000

Selected Comparable

35 Linden Ave 501, Long Beach, CA 90802

Sale Price: $904,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
207 E Broadway 401, Long Beach, CA 90802

207 E Broadway 401, Long Beach, CA 90802

List: $699,000

Listed: 7/12/2024

Area:1,310 sqft
Price/sqft:$534
Beds:1
Baths:2
Year Built:
Lot Size:5,041

Comparable Properties

COMPARABLE
Choose comps
207 E Broadway 401, Long Beach, CA 90802

207 E Broadway 401, Long Beach, CA 90802

Sale: $675,000

8/15/20250.00 mi

Area:1,310 sqft
Price/sqft:$515
Beds:1
Baths:2
Year Built:
Weight:25.7%
315 W 3rd St 605, Long Beach, CA 90802

315 W 3rd St 605, Long Beach, CA 90802

Sale: $470,000

1/28/20250.28 mi

Area:1,284 sqft
Price/sqft:$366
Beds:1
Baths:1
Year Built:
Weight:19.7%
133 the Promenade N 521, Long Beach, CA 90802

133 the Promenade N 521, Long Beach, CA 90802

Sale: $784,000

5/9/20250.06 mi

Area:1,449 sqft
Price/sqft:$541
Beds:2
Baths:2
Year Built:
Weight:18.4%
133 the Promenade N 402, Long Beach, CA 90802

133 the Promenade N 402, Long Beach, CA 90802

Sale: $620,000

10/23/20240.06 mi

Area:1,350 sqft
Price/sqft:$459
Beds:2
Baths:2
Year Built:
Weight:18.3%
35 Linden Ave 501, Long Beach, CA 90802

35 Linden Ave 501, Long Beach, CA 90802

Sale: $904,000

8/30/20240.28 mi

Area:1,307 sqft
Price/sqft:$692
Beds:2
Baths:2
Year Built:
Weight:17.9%

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