NOT LISTED FOR SALE

1151 Freeman Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $890,000 - $998,727

3 Beds
2 Baths
1,568 Sq Ft
$610/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $599,000 $382 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,794/month

17 Days on Market

Highlights

  • Attic
  • Bonus Room
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Orizaba Park

About This Home

As of August 2018

Two homes on a large lot located in the Zaferia District. The front home has 2 bedrooms, bonus attic room and additional rear room/office area. The rear unit is a detached one bedroom one bathroom. The property sits on a 6,350 square foot lot and extends to the alley. The 2 car garage and additional parking spaces are accessed from the alley. Units are individually sub-metered for electricity and gas. Laundry hookups located on-site. Close to restaurants, schools, and parks.

Last Agent to Sell the Property

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 06/12/2018

First Team Real Estate

Last Buyer's Agent

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 06/12/2018

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,350 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 34
  • Tax Tract Number 33
  • Assessor Parcel Number 7259018017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $900
  • Trash Expense $1
  • Water Sewer Expense $600
  • New Taxes Expense $7,488
  • Operating Expense $2,100
  • Gross Income $33,900
  • Net Operating Income $31,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7259018017
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 382.02
  • Room Type: All Bedrooms Down, Attic, Bonus Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6350.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Average2 Bed Area: 1088 Square Feet
  • Gross Income: 33900.00
  • Gross Scheduled Income: 33900.00
  • Insurance Expense: 900.00
  • Net Operating Income: 31800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2100.00
  • Rent Control: No
  • Total Expenses: 2100.00

Tax Info

  • New Taxes Expense: 7487.50
  • Tax Census Tract: 5769.03
  • Tax Lot: 34
  • Tax Tract Number: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2021
Sold by
Colchado Gilda M
Bought by
Gilda M Colchado Living Trust and Colchado
Current Estimated Value
$956,682

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 3, 2018
Sold by
Gntierrez Giancarlo
Bought by
Colchaudo Glida M
Seller's Agent
Philip DeMatteo
First Team Real Estate
Buyer's Agent
Philip DeMatteo
First Team Real Estate
List Price
$599,000
Sold Price
$599,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%
Original Mortgage
$449,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2009
Sold by
Elre Holdings Llc
Bought by
Merid Saare Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,818
Interest Rate
4.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2009
Sold by
Crane Carole
Bought by
Elre Holdings Llc

Purchase Details

Closed on
Sep 11, 2006
Sold by
Almanzan Charles R
Bought by
Crane Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2001
Sold by
Saylor Bernardine L
Bought by
Crane Carole R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.06%

Purchase Details

Closed on
Sep 12, 1995
Sold by
Saylor Greta
Bought by
Saylor Bernardine L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gilda M Colchado Living Trust -- None Listed On Document
Colchaudo Glida M $599,000 Western Resources Title Comp
Merid Saare Jim $365,000 Fatcola
Merid Saare Jim -- First American Title Co La
Elre Holdings Llc $245,000 None Available
Crane Carole -- First American Title Ins Co
Crane Carole R $212,500 Fidelity Title
Saylor Bernardine L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colchaudo Glida M $449,250
Previous Owner Merid Saare Jim $352,818
Previous Owner Crane Carole $310,000
Previous Owner Crane Carole R $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2018 08/29/18 Sold $599,000 0.0% $382 / Sq Ft
06/12/2018 06/12/18 For Sale $599,000 +17.5% $382 / Sq Ft
07/22/2015 07/22/15 Sold $510,000 -1.7% $325 / Sq Ft View Prior Sale
06/18/2015 06/18/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $519,000 -- $331 / 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 $9,553 $710,012 $474,093 $235,919
2024 $9,145 $696,092 $464,798 $231,294
2023 $8,992 $682,444 $455,685 $226,759
2022 $8,444 $669,063 $446,750 $222,313
2021 $8,276 $655,945 $437,991 $217,954
2020 $7,782 $610,980 $433,500 $177,480
2019 $7,692 $599,000 $425,000 $174,000
2018 $6,747 $530,604 $364,140 $166,464
2016 $6,208 $510,000 $350,000 $160,000
2015 $4,718 $392,017 $214,804 $177,213
2014 $4,691 $384,339 $210,597 $173,742
Source: Public Records

Agents Affiliated with this Home

  • Philip DeMatteo

    Seller's Agent in 2018

    Philip DeMatteo

    First Team Real Estate

    (562) 506-1586

    1 in this area

    259 Total Sales

    Philip DeMatteo
    Section Image
  • Juan Huizar

    Seller's Agent in 2015

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    2 in this area

    95 Total Sales

    Juan Huizar
    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,202 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18139776

California Regional Multiple Listing Service (CRMLS)

APN: 7259-018-017

California Los Angeles County Long Beach 90804 Rose Park

1151 Freeman Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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