NOT LISTED FOR SALE

757 Freeman Ave Long Beach, CA 90804

Rose Park Neighborhood
15 Beds
10 Baths
6,355 Sq Ft
6,754 Sq Ft Lot

Last Sold October 23, 2024

Last sale price $2,175,000 $342 Per Sq Ft

24 Days on Market

Highlights

  • Laundry Room
  • Block Wall Fence
  • 2-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Level Lot

About This Home

As of October 2024

This building, built in 1964 is located in a great Eastside area of Long Beach. Strong renal demand. The building consists of two 1 bdrm/1 bath, four 2 bdrm/1 bath, one 2 bdrm/2 bath, and one 3 bdrm/2 bath units. Current rent is $15,940 (including $425 for garages and parking place). That is a GRM of 11.8 x Actual rents. With delivered rent increases starting 8/1/24 and 9/1/24, scheduled rents will increase to $15,940 per month. This will decrease the GRM to 11.3 x Actual. Market rents are $18,590 per month. This would decrease the GRM to 10.0 x Market Rents.

******PLEASE NOTE! WE BELIEVE THIS IS A PERFECT BUILDING TO ADD TWO TO THREE ADU's! CHECK WITH YOUR CONTRACTOR.*******

*****NOTE-ADDRESS ON BUILDING IS 759 FREEMAN AVE.*******

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. Brokerage Phone: 562-301-6763 License #00452182 Listed on: 07/15/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 6,754 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Level Lot

Parking

  • 4 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Asphalt Roof

Interior Spaces

  • 6,355 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 16 / C
  • Assessor Parcel Number 7258019018
  • $1,580 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $190,476

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7258019018
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 342.25

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Connected, Water Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6754.00
  • Lot Size Acres: 0.1551

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Garage Income: 425.00
  • Gross Income: 190476.00
  • Gross Scheduled Income: 190476.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 60.00
  • Lot Size Area: 6754.0000 Square Feet
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Rent Control: Yes

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5769.04
  • Tax Lot: 16
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 1580.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
10/23/2024 10/23/24 Sold $2,175,000 -3.3% $342 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $2,250,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kurt Wood

    Seller's Agent in 2024

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    2 in this area

    20 Total Sales

    Kurt Wood
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,207 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24144969

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

757 Freeman Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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