NOT LISTED FOR SALE

1721 Freeman Ave Long Beach, CA 90804

Zaferia Neighborhood
3 Beds
2 Baths
8,198 Sq Ft
0.3 Acres

Last Sold January 16, 2020

Last sale price $3,055,000 $373 Per Sq Ft

16 Days on Market

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 2020

Great 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.

Last Agent to Sell the Property

Sarah Martin

Real Broker License #01935143 Listed on: 11/22/2019

Real Broker

Last Buyer's Agent

Austin Rogers

COAR Advisors License #01883791

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: Sarah
  • Other Phone Number: 7143179002
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7259032041
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: 2+ Access Exits
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 372.65
  • Room Type: Master Bedroom

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13003.00
  • Lot Size Acres: 0.2985

Multi Family

  • Gross Income: 189300.00
  • Gross Scheduled Income: 189300.00
  • Lot Size Area: 13003.0000 Square Feet
  • Net Operating Income: 153216.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 36084.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 13425.00
  • Total Expenses: 30609.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 46
  • Tax Tract Number: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

Source: Public Records

Agents Affiliated with this Home

  • Sarah Martin

    Seller's Agent in 2020

    Sarah Martin

    Real Broker

    (714) 317-9002

    71 Total Sales

    Sarah Martin
    Section Image

  • A

    Buyer's Agent in 2020

    Austin Rogers

    COAR Advisors

    (310) 663-1673

    Austin Rogers
    Section Image

  • B

    Seller's Agent in 2014

    Bob McCabe

    Real Estate Solutions

    (562) 436-3431

    Bob McCabe
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19270355

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Zaferia

1721 Freeman Ave, Long Beach, CA

This home is located at 1721 Freeman Ave, Long Beach, CA 90804 since 22 November 2019. This property was built in 1956. 1721 Freeman Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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