Seller's Agent in 2020
Sarah Martin
Real Broker
(714) 317-9002
65 Total Sales
1721 Freeman Ave Long Beach, CA 90804
Zaferia Neighborhood
3
Beds
2
Baths
8,198
Sq Ft
0.3
Acres
Highlights
- 0.3 Acre Lot
- Cooling Available
- More Than Two Accessible Exits
- Woodrow Wilson High School Rated A
- Laundry Room
- Heating Available
About This Home
As of January 2020Great stable investment opportunity, 14-Unit Apartment Building 100% occupied. This property is located at 1721-1725 Freeman Ave Long Beach, California and is a garden style walk up with two mirror imaged buildings. Property consists of 8,198 sqft of rentable living space with 14 residential units. (12) 1 Bedroom 1 Bath (2) 2 Bedroom 1 Bath. Additionally, each unit is separately metered for gas and electricity. Property being sold Tenant Occupied and in AS-IS condition. Don’t miss this rare opportunity to acquire a stable asset in a prime costal location with true rental upside.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 0.3 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- Apartment
- Slab Foundation
- Composition Roof
Interior Spaces
- 8,198 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Cooling Available
- Heating Available
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 2
- Assessor Parcel Number 7259032041
Community Details
Overview
- 2 Buildings
- 14 Units
Building Details
- 14 Leased Units
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 2 Separate Water Meters
- Operating Expense $30,609
- Gross Income $189,300
- Net Operating Income $153,216
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/16/2020 01/16/20 | Sold | $3,055,000 | -3.8% | $373 / Sq Ft | |
| 12/08/2019 12/08/19 | Pending | -- | -- | -- | |
| 11/22/2019 11/22/19 | For Sale | $3,175,000 | +39.3% | $387 / Sq Ft | |
| 11/14/2014 11/14/14 | Sold | $2,280,000 | -2.9% | $278 / Sq Ft | View Prior Sale |
| 11/12/2014 11/12/14 | Pending | -- | -- | -- | |
| 09/24/2014 09/24/14 | For Sale | $2,349,000 | -- | $287 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $21,784 | $1,670,540 | $576,895 | $1,093,645 |
| 2024 | $21,784 | $1,637,785 | $565,584 | $1,072,201 |
| 2023 | $21,408 | $1,605,673 | $554,495 | $1,051,178 |
| 2022 | $19,989 | $1,574,190 | $543,623 | $1,030,567 |
| 2021 | $19,584 | $1,543,324 | $532,964 | $1,010,360 |
| 2020 | $16,236 | $1,253,744 | $824,201 | $429,543 |
| 2019 | $16,045 | $1,229,181 | $808,041 | $421,140 |
| 2018 | $15,592 | $1,205,100 | $792,198 | $412,902 |
| 2016 | $14,350 | $1,157,384 | $761,437 | $395,947 |
| 2015 | $13,780 | $1,140,000 | $750,000 | $390,000 |
| 2014 | $10,660 | $850,000 | $475,000 | $375,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Martin
-
Austin Rogers
A
Buyer's Agent in 2020
Austin Rogers
COAR Advisors
(310) 663-1673
-
Bob McCabe
B
Seller's Agent in 2014
Bob McCabe
Real Estate Solutions
(562) 436-3431
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19270355
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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