A
Seller's Agent in 2017
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
17 Total Sales
915 Freeman Ave Long Beach, CA 90804
Rose Park Neighborhood
4
Beds
3
Baths
3,502
Sq Ft
6,534
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- Level Lot
- Woodrow Wilson High School Rated A
- Landscaped
- 1-minute walk to Rose Park
About This Home
As of November 2017Back on Market, Buyer fell out of escrow. The Freeman Apartments is a Six-Unit complex located in the Rose Park area of Long Beach, CA and is NOT subject to rent control. This is a value add investment opportunity, as current ownership renovated Two out of the Six units, but rents are still below market. There are (2) on-site garages and the unit mix is comprised of (1) large 2 Bed / 1 Bath, (5) 1 Bed / 1 Bath units. A new investor can realize a significant upside in rents by renovating the remaining Four units and updating the exterior of the building. Great Rose Park location with a Walk Score of 86.
Last Agent to Sell the Property
eXp Realty of Greater L.A License #01946829 Listed on: 07/24/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,068
Year Built
- Built in 1949
Lot Details
- 6,774 Sq Ft Lot
- No Common Walls
- Landscaped
- Level Lot
Parking
- 2 Car Garage
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,502 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Location
- Property is near public transit
- Urban Location
Additional Features
- Rain Gutters
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 8 / A
- Tax Tract Number 1
- Assessor Parcel Number 7258014009
Community Details
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Fuel Expense $574
- Gardener Expense $600
- Insurance Expense $1,953
- Maintenance Expense $3,924
- Supplies Expense $1,500
- Water Sewer Expense $2,450
- New Taxes Expense $17,301
- Operating Expense $29,677
- Gross Income $104,700
- Net Operating Income $72,938
Additional Features
- 6 Units
- Laundry Facilities
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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 | Prior Sale |
|---|---|---|---|---|---|
| 11/02/2017 11/02/17 | Sold | $1,399,000 | 0.0% | $399 / Sq Ft | |
| 07/24/2017 07/24/17 | For Sale | $1,399,000 | +42.8% | $399 / Sq Ft | |
| 08/19/2016 08/19/16 | Sold | $980,000 | +3.2% | $280 / Sq Ft | View Prior Sale |
| 05/26/2016 05/26/16 | Pending | -- | -- | -- | |
| 05/02/2016 05/02/16 | For Sale | $950,000 | -- | $271 / 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 | $20,165 | $1,561,722 | $892,413 | $669,309 |
| 2024 | $20,165 | $1,531,101 | $874,915 | $656,186 |
| 2023 | $19,822 | $1,501,080 | $857,760 | $643,320 |
| 2022 | $18,607 | $1,471,648 | $840,942 | $630,706 |
| 2021 | $18,234 | $1,442,793 | $824,453 | $618,340 |
| 2019 | $17,974 | $1,400,000 | $800,000 | $600,000 |
| 2018 | $17,795 | $1,399,000 | $800,000 | $599,000 |
| 2016 | $7,068 | $539,302 | $215,041 | $324,261 |
| 2015 | $6,797 | $531,202 | $211,811 | $319,391 |
| 2014 | $6,778 | $520,797 | $207,662 | $313,135 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew McAllister
-
NoEmail NoEmail
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,355 Total Sales
-
R
Seller's Agent in 2016
Ryan Rayburn
Marcus & Millichap
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS17165616
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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