Rainer Pedraz
Responds Quickly
KELLER WILLIAMS REALTY COLLEGE PARK
(424) 371-7853
42 Total Sales
2 in Zaferia
$825,000 Price Range
1721 Freeman Ave Long Beach, CA 90804
Zaferia Neighborhood
3
Beds
2
Baths
8,198
Sq Ft
0.3
Acre Lot
Highlights
- 0.3 Acre Lot
- Cooling Available
- Heating Available
- Woodrow Wilson High School Rated A
- More Than Two Accessible Exits
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.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 13,003 Sq Ft 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 in unit
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
Amenities
- Laundry Facilities
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2019
Closed on
Dec 16, 2019
Sold by
Bought by
Seller's Agent
Sarah Martin
Real Broker
Buyer's Agent
Austin Rogers
COAR Advisors
List Price
$3,175,000
Sold Price
$3,055,000
Premium/Discount to List
-$120,000
-3.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Outstanding Balance
$2,117,593
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Sep 24, 2014
Closed on
Sep 29, 2014
Sold by
Bought by
Seller's Agent
Bob McCabe
Real Estate Solutions
Buyer's Agent
Bob McCabe
Real Estate Solutions
List Price
$2,349,000
Sold Price
$2,280,000
Premium/Discount to List
-$69,000
-2.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$825,000
Interest Rate
4.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 9, 2013
Sold by
Bought by
Purchase Details
Closed on
Jun 15, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.06%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Zaferia, CA
-
Rainer Pedraz
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
1 in Zaferia
$1,050,000 Price
-
Vanessa Velardez
Vanessa Velardez
Coldwell Banker Residential Br
(424) 242-1252
24 Total Sales
2 in Zaferia
$465,000 Price Range
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
1 in Zaferia
$415,555 Price
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
185 Total Sales
1 in Zaferia
$625,000 Price
-
David Feldberg
David Feldberg
Coastal Real Estate Group
(949) 989-5690
57 Total Sales
2 in Zaferia
$660,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,055,000 | Western Resources Title | ||
| $2,280,000 | North American Title Company | ||
| -- | None Available | ||
| -- | Fidelity National Title Comp |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $300,000 | ||
| Open | $2,450,000 | ||
| Previous Owner | $825,000 | ||
| Previous Owner | $1,180,000 | ||
| Previous Owner | $660,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $22,764 | $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
Seller's Agent in 2020
Sarah Martin
Real Broker
(714) 317-9002
64 Total Sales
-
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
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19270355
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.
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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