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Key Details
Sold Price $799,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW23038063
Sold Date 06/12/23
Bedrooms 1
Full Baths 1
Half Baths 1
Condo Fees $460
HOA Fees $460/mo
HOA Y/N Yes
Year Built 1925
Lot Size 5,052 Sqft
Property Description
Welcome home to the iconic Insurance Exchange lofts! This building in the heart of The Promenade of Downtown Long Beach is one of the city's most unique and stunning examples of adaptive reuse architecture. Built in 1925 it was originally known as the Middough Building, then in 1931 became known the Insurance Exchange Building. The unique architecture of this building and the clever rehab makes each unit a corner unit with an expanse of original brick, soaring ceilings and two walls of windows. The open concept kitchen with a massive kitchen island is outfitted with stainless steel appliances, granite countertops and walnut hued custom cabinetry. Large sash north and west facing windows flood the space with light and a spacious walk-in closet provides generous storage. A deep soaking jacuzzi tub and rain head shower, dual vanity and a separate guest powder room makes this loft as comfortable as it is architecturally stunning. Central air conditioning and heat, secured entrance lobby, parking, a separate large private storage room adjacent to the unit and key fob entrance provides security and convenience. Registered as a historic building, it takes advantage of the Mills Act, a significant savings in property taxes for designated historically recognized buildings.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCC
Rooms
Main Level Bedrooms 1
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Inside
Interior
Interior Features Beamed Ceilings, Breakfast Bar, Brick Walls, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Loft, Walk-In Closet(s)
Laundry Location Washer Hookup,Electric Dryer Hookup,Inside
Heating Central
Cooling Central Air
Flooring Concrete
Fireplaces Type None
Fireplace No
Appliance 6 Burner Stove, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Assigned
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Controlled Access, Management, Pet Restrictions, Trash, Water
View Y/N Yes
View City Lights, Neighborhood
Accessibility None
Porch None
Parking Type Assigned
Attached Garage No
Total Parking Spaces 1
Private Pool No
Building
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Long Beach Unified
Others
HOA Name Insurance Exchange
HOA Fee Include Sewer
Senior Community No
Tax ID 7280019026
Security Features Key Card Entry
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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