NOT LISTED FOR SALE

1735 Freeman Ave Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $953,300 - $1,103,000

3 Beds
3 Baths
1,920 Sq Ft
$536/Sq Ft Est. Value

Last Sold April 29, 2015

Last sale price $524,000 $273 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,070/month

10 Days on Market

Highlights

  • No Units Above
  • Lawn
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Double Pane Windows
  • Level Lot

About This Home

As of April 2015

Great income property, super clean and tidy, front house is an original Craftsman with a large front porch, newly installed wall heater and a new kitchen floor. Middle unit is a large 1 bedroom with a newly installed wall heater, a new stove and a fridge that are included with sale. There is an on site laundry with a 1 year old coin operated washer and 1 year old coin operated dryer that are also included. Studio in back has an updated kitchen with breakfast bar. Studio also has a small storage room adjacent to kitchen. Newly installed wall heater, stove and fridge in studio unit. All units have dual paned windows. All tenants are month to month. There are two single garages that can generate extra income but are large enough to park your car. Low maintenance concrete back yard has one producing avocado tree. Property wash freshly painted within the last year, new white picket fence in front! Near beach with easy access to public transportation if desired. Strong rental market in this area.

Last Agent to Sell the Property

Lorna Dinneny

Holly Kovich and Associates License #01910737 Listed on: 03/20/2015

Last Buyer's Agent

Lorna Dinneny

Holly Kovich and Associates License #01910737 Listed on: 03/20/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,500 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Pillar, Post or Pier Foundation

Interior Spaces

  • 1,920 Sq Ft Home
  • Double Pane Windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 44
  • Tax Tract Number 2
  • Assessor Parcel Number 7259032039

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $30
  • Gardener Expense $40
  • Insurance Expense $100
  • Trash Expense $60
  • Water Sewer Expense $60
  • New Taxes Expense $350
  • Gross Income $3,010
  • Net Operating Income $27,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: middle unit stove and fridge, back unit stove and fridge, coin operated washer and dryer
  • Property Attached: Yes
  • Water Sewer Expenses: 60.00
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 7259032039
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 272.92
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Front Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 820
  • Average Studio Area: 500
  • Electric Expense: 30.00
  • Gross Income: 3010.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 27120.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7680.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Actual Rent: 2950.00

Tax Info

  • New Taxes Expense: 350.00
  • Tax Lot: 44
  • Tax Tract Number: 2
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2015
Closed on
Mar 30, 2015
Sold by
Kettler Enterprises Corporation
Bought by
Sea Smith
Seller's Agent
Lorna Dinneny
Holly Kovich and Associates
Buyer's Agent
Lorna Dinneny
Holly Kovich and Associates
List Price
$509,000
Sold Price
$524,000
Premium/Discount to List
$15,000
2.95%
Current Estimated Value
$1,028,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,825
Avg. Annual Appreciation
6.51%
Original Mortgage
$280,000
Outstanding Balance
$215,471
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$813,354

Purchase Details

Closed on
Apr 24, 2013
Sold by
Melena Moises Sanchez
Bought by
Kettler Enterprises Corporation

Purchase Details

Closed on
Mar 1, 2005
Sold by
Melena Maria Nicolasa
Bought by
Melena Moises Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2005
Sold by
Beattie Andrew J and Beattie Jennifer
Bought by
Melena Moises Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2004
Sold by
Newman John L and Newman John Lee
Bought by
Newman Judith L

Purchase Details

Closed on
Oct 5, 2002
Sold by
Beattie Andrew J
Bought by
Beattie Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.35%

Purchase Details

Closed on
Aug 28, 2001
Sold by
Beattie Jennifer
Bought by
Beattie Andrew J

Purchase Details

Closed on
Jun 22, 2001
Sold by
Sanchez Edward M
Bought by
Beattie Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
7.05%

Purchase Details

Closed on
Jul 14, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Sanchez Edward M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.8%
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
Sea Smith $524,000 Fidelity National Title
Kettler Enterprises Corporation $353,500 Nations Title Company
Melena Moises Sanchez -- First American Title Company
Melena Moises Sanchez $540,000 First American Title Company
Newman Judith L -- Equity Title
Beattie Andrew J -- First American Title Ins Co
Beattie Andrew J -- Fidelity Title
Beattie Andrew J $187,500 Fidelity Title
Sanchez Edward M $105,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sea Smith $280,000
Previous Owner Melena Moises Sanchez $432,000
Previous Owner Beattie Andrew J $228,000
Previous Owner Beattie Andrew J $168,750
Previous Owner Sanchez Edward M $84,000
Closed Melena Moises Sanchez $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2015 04/29/15 Sold $524,000 +2.9% $273 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $509,000 +44.1% $265 / Sq Ft
07/10/2013 07/10/13 Sold $353,300 -10.6% $184 / Sq Ft View Prior Sale
03/11/2013 03/11/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $395,000 -- $206 / 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 $8,355 $629,757 $420,641 $209,116
2024 $8,355 $617,410 $412,394 $205,016
2023 $8,214 $605,305 $404,308 $200,997
2022 $7,720 $593,437 $396,381 $197,056
2021 $7,562 $581,802 $388,609 $193,193
2019 $7,456 $564,548 $377,084 $187,464
2018 $7,168 $553,480 $369,691 $183,789
2016 $6,597 $531,990 $355,337 $176,653
2015 $4,497 $360,562 $203,996 $156,566
2014 $4,479 $353,500 $200,000 $153,500
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lorna Dinneny

    Holly Kovich and Associates

  • C

    Seller's Agent in 2013

    Carmen Ramirez

    COLDWELL BANKER TOP TEAM

    (909) 287-2222

    34 Total Sales

    Carmen Ramirez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15059091

California Regional Multiple Listing Service (CRMLS)

APN: 7259-032-039

California Los Angeles County Long Beach 90804 Zaferia

1735 Freeman Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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