$2,800,000
$3,200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
1764 Freeman AVE Long Beach, CA 90804
6,499 Sqft Lot
Key Details
Sold Price $2,800,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID OC21265776
Sold Date 04/04/22
HOA Y/N No
Year Built 1986
Annual Tax Amount $12,891
Lot Size 6,499 Sqft
Property Description
THIS 8 UNIT APARTMENT BUILDING IS LOCATED IN A PRIME LONG BEACH AREA, 2.3 MILES FROM FREEWAY 405, 2.4 MILES FROM CALIFORNIA STATE UNIVERSITY LONG BEACH, 8 MILES FREM PORT OF LONG BEACH, RIGHT OFF PACIFIC COAST HIGHWAY NEAR TRAFIC CIRCLE AREA. BUILDING IS SECURE, GATED AND MONITORED BY VIDEO CAMERAS. 12 COVERED PARKING SPACES ARE LOCATED ON THE GROUNG FLOOR UNDER THE UNITS. ALL 8 UNITS ARE 2 BEDROOM 2 BATH, WITH UPGRADED KITCHENS, LAMINATED AND CERAMIC FLOORS, INSIDE LAUNDRY SPACE AND SEPARATE GAS AND ELECTRIC METERS. ALL RENTS ARE BELOW THE CURRENT MARKET RENTS. THERE IS A SIGNIFICANT VALUE ADDED OPORTUNITY AT MARKET RENTS. All LEASES EXCEPT ONE WHICH EXPIRES IN JUNE OF 2022, ARE ON MONTH TO MONTH BASES. 4.8% CAP RATE AT MARKET RENTS. PICTURES AND VISUAL TOUR ARE ATTACHED.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Interior Features Balcony
Flooring Laminate
Fireplaces Type Electric, Free Standing, Gas, Living Room
Fireplace Yes
Laundry Laundry Closet
Exterior
Parking Features Assigned
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Total Parking Spaces 12
Private Pool No
Building
Lot Description Level, Street Level
Story 3
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7259033004
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with Cameron Jacques Kinnery's Brokerage House
