NOT LISTED FOR SALE

1740 Freeman Ave Long Beach, CA 90804

Zaferia Neighborhood
6 Beds
3 Baths
6,770 Sq Ft
6,501 Sq Ft Lot

Last Sold May 22, 2015

Last sale price $1,850,000 $273 Per Sq Ft

134 Days on Market

About This Home

As of May 2015

Fantastic opportunity to own a well managed asset in high demand rental market of East Long Beach. Great unit mix consisting of one 3 bedroom unit, six 2 bedroom units and two 1 bedroom units. 6 Garages and a laundry room add to the income. Recent upgrades - including plumbing

Last Agent to Sell the Property

Bob McCabe

Real Estate Solutions License #00918198 Listed on: 04/03/2015

Last Buyer's Agent

Elaine Hutchison

John Read Realty License #00278514

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,770 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 007
  • Tax Tract Number 7259
  • Assessor Parcel Number 7259033007

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,800
  • Maintenance Expense $1,800
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $22,292
  • Gross Income $128,100
  • Net Operating Income $92,232

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 7259033007
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 273.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 128100.00
  • Gross Scheduled Income: 128100.00
  • Insurance Expense: 2800.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 92232.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 35868.00
  • Operating Expense Percent: 28.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 22292.00
  • Taxes Percent: 1.25
  • Tax Lot: 007
  • Tax Tract Number: 7259
  • Tax Year: 2014

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2015 05/22/15 Sold $1,850,000 +3.1% $273 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
12/18/2014 12/18/14 For Sale $1,795,000 +76.8% $265 / Sq Ft
11/11/2012 11/11/12 Sold $1,015,000 -1.9% $150 / Sq Ft View Prior Sale
06/19/2012 06/19/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $1,035,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bob McCabe

    Real Estate Solutions

    (562) 436-3431

    Bob McCabe
    Section Image

  • E

    Buyer's Agent in 2015

    Elaine Hutchison

    John Read Realty

    Section Image
  • Kurt Wood

    Seller's Agent in 2012

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    20 Total Sales

    Kurt Wood
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14260437

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

1740 Freeman Ave, Long Beach, CA

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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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