NOT LISTED FOR SALE

404 E Freeland St Long Beach, CA 90807

Bixby Knolls Neighborhood

Estimated Value: $1,457,000 - $1,935,000

8 Beds
4 Baths
3,256 Sq Ft
$519/Sq Ft Est. Value

Last Sold November 13, 2019

Last sale price $1,225,000 $376 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,293/month

16 Days on Market

Highlights

  • Laundry Room
  • Los Cerritos Elementary School Rated A
  • Stacked Washer and Dryer

About This Home

As of November 2019

We are proud to present 404 E Freeland St located in Long Beach in Bixby Knolls. This 4-unit features (4) 2-Bedroom/1-Bath modern units for a total living area of 3,256 Sqft and (4) car garage spaces with an additional 7 on-site parking. This property features a 400-amp electrical service box that has been newly installed. Water heaters have been upgraded to tankless and are plumbed into the unit. Original heaters in each unit were upgraded to high-efficiency direct vent heaters. The original roof has been stripped and replaced with 40-year shingles to both building and garage. In addition, each unit has newly installed garbage disposals. All windows have been replaced with dual pane energy-efficient windows. All tenants have access to shared laundry. This property has been owned by the same owner since 1948. Over the past few years, Bixby Knolls has seen a huge amount of changes attracting businesses and people from all over. Bixby Knolls offers residents access to popular destinations such as Steelcraft, Bake and Broil and has recently attracted multiple brewers including Liberation Brew Co., Smog City Brewing, and Dutches Brewhouse to name a few. This property is an incredible opportunity for an investor and/or own-user to own a trophy property in an area that is rapidly growing, with upward potential in the current rents.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 09/16/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 9,498 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,256 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134017007

Community Details

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,140
  • Other Expense $5,868
  • New Taxes Expense $15,613
  • Operating Expense $22,621
  • Gross Income $72,300
  • Net Operating Income $47,510

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7134017007
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 376.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9498.00
  • Lot Size Acres: 0.2180

Multi Family

  • Gross Income: 72300.00
  • Gross Scheduled Income: 72300.00
  • Insurance Expense: 1140.00
  • Lot Size Area: 9498.0000 Square Feet
  • Net Operating Income: 47510.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 22621.00
  • Other Expense: 5868.00
  • Rent Control: No
  • Total Expenses: 22621.00

Tax Info

  • New Taxes Expense: 15613.00
  • Tax Census Tract: 5715.02
  • Tax Lot: 31
  • Tax Tract Number: 13130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Oct 4, 2019
Sold by
Hash Robert A and Gladys E Hash Trust
Bought by
404 Freeland Llc
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Andrew McAllister
eXp Realty of Greater L.A
List Price
$1,249,000
Sold Price
$1,225,000
Premium/Discount to List
-$24,000
-1.92%
Current Estimated Value
$1,690,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,476
Avg. Annual Appreciation
5.39%
Original Mortgage
$796,250
Outstanding Balance
$699,682
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$990,794

Purchase Details

Closed on
May 25, 2012
Sold by
Hash Gladys E and Fifth Amended & Restated Glady
Bought by
Hash Robert Alexander

Purchase Details

Closed on
Aug 31, 2009
Sold by
Hash Gladys E and Gladys E Hash Trust
Bought by
Hash Gladys E and Gladys E Hash Trust

Purchase Details

Closed on
Jun 24, 2005
Sold by
Hash Gladys E
Bought by
Hash Gladys E and Gladys E Hast Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,800
Interest Rate
5.56%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
404 Freeland Llc $1,225,000 First Amer Ttl Co Los Angele
Hash Robert A -- First Amer Ttl Co Los Angele
Hash Robert Alexander -- None Available
Hash Gladys E -- None Available
Hash Gladys E -- Fidelity National Title Co
Hash Gladys E -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 404 Freeland Llc $796,250
Previous Owner Hash Gladys E $496,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2019 11/13/19 Sold $1,225,000 -1.9% $376 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $1,249,000 -- $384 / 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 $17,235 $1,339,713 $656,186 $683,527
2024 $17,235 $1,313,445 $643,320 $670,125
2023 $16,946 $1,287,692 $630,706 $656,986
2022 $15,910 $1,262,444 $618,340 $644,104
2021 $15,594 $1,237,691 $606,216 $631,475
2019 $5,811 $410,706 $155,967 $254,739
2018 $5,561 $402,654 $152,909 $249,745
2016 $5,112 $387,021 $146,972 $240,049
2015 $4,918 $381,209 $144,765 $236,444
2014 $4,905 $373,743 $141,930 $231,813
Source: Public Records

Agents Affiliated with this Home

  • Johnnie Stiegler

    Seller's Agent in 2019

    Johnnie Stiegler

    Lyon Stahl Investment Real Estate, Inc.

    (310) 606-0939

    95 Total Sales

    Johnnie Stiegler
    Section Image

  • A

    Buyer's Agent in 2019

    Andrew McAllister

    eXp Realty of Greater L.A

    (562) 423-8134

    17 Total Sales

    Andrew McAllister
    Section Image
  • Drew McAllister

    Buyer's Agent in 2019

    Drew McAllister

    Nationwide Real Estate Execs

    (562) 528-8105

    14 Total Sales

    Drew McAllister
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19215024

California Regional Multiple Listing Service (CRMLS)

APN: 7134-017-007

California Los Angeles County Long Beach 90807 Bixby Knolls

404 E Freeland St, Long Beach, CA

Not Listed for Sale

MultiFamily

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