Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
39 Total Sales
910 Freeman Ave Long Beach, CA 90804
Rose Park Neighborhood
3
Beds
2
Baths
27,124
Sq Ft
0.62
Acres
About This Home
As of December 2021We are pleased to present a 36-unit multifamily property located at 910-930 Freeman Avenue located in Long Beach, CA. Built in
1963, the subject property consists of 27,124 rentable square feet spread throughout a 27,013 square foot lot. The building consists of four 1-
bedroom / 1-bathroom units, and thirty-two 2-bedroom / 1 -bathroom unit. It contains twenty-four garages and numerous communal patios for
tenants.
The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, and open living
areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural
elements.
Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long
Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major
redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in
Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of
development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the
Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 06/14/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.62 Acre Lot
- Two or More Common Walls
- Density is 36-40 Units/Acre
Parking
- 24 Car Garage
Home Design
- Property Attached
Interior Spaces
- 27,124 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 3,5 / B
- Tax Tract Number 2
- Assessor Parcel Number 7258013027
Community Details
Overview
- 2 Buildings
- 36 Units
- Eastside Subdivision
Building Details
- 36 Separate Electric Meters
- 36 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,613
- Fuel Expense $1,613
- Insurance Expense $4,950
- Maintenance Expense $24,120
- Other Expense $10,500
- Professional Management Expense $64,202
- Trash Expense $1,613
- Water Sewer Expense $1,613
- New Taxes Expense $162,438
- Operating Expense $272,660
- Gross Income $804,333
- Net Operating Income $531,373
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2021 12/15/21 | Sold | $12,995,000 | 0.0% | $479 / Sq Ft |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 06/14/2021 06/14/21 | For Sale | $12,995,000 | -- | $479 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $175,344 | $13,185,509 | $7,428,456 | $5,757,053 |
| 2024 | $167,756 | $12,926,970 | $7,282,800 | $5,644,170 |
| 2023 | $164,936 | $12,673,500 | $7,140,000 | $5,533,500 |
| 2022 | $154,750 | $12,425,000 | $7,000,000 | $5,425,000 |
| 2021 | $142,241 | $11,387,767 | $6,183,403 | $5,204,364 |
| 2020 | $141,876 | $11,298,000 | $6,120,000 | $5,178,000 |
| 2019 | $140,213 | $11,077,000 | $6,000,000 | $5,077,000 |
| 2018 | $104,138 | $8,162,040 | $3,570,000 | $4,592,040 |
| 2016 | $52,984 | $4,142,138 | $2,588,836 | $1,553,302 |
| 2015 | $50,924 | $4,079,920 | $2,549,950 | $1,529,970 |
| 2014 | $50,711 | $4,000,000 | $2,500,000 | $1,500,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21128394
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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