1721 Freeman Ave

14
Baths
8,198 Sq. Ft.
$373 / Sq. Ft.
8,198
Sq. Ft.
$373
per Sq. Ft.

Description

Great stable investment opportunity, 14-Unit Apartment Building 100% occupied. This property is located at 1721-1725 Freeman Ave Long Beach, California and is a garden style walk up with two mirror imaged buildings. Property consists of 8,198 sqft of rentable living space with 14 residential units. (12) 1 Bedroom 1 Bath (2) 2 Bedroom 1 Bath. Additionally, each unit is separately metered for gas and electricity. Property being sold Tenant Occupied and in AS-IS condition. Don’t miss this rare opportunity...Great stable investment opportunity, 14-Unit Apartment Building 100% occupied. This property is located at 1721-1725 Freeman Ave Long Beach, California and is a garden style walk up with two mirror imaged buildings. Property consists of 8,198 sqft of rentable living space with 14 residential units. (12) 1 Bedroom 1 Bath (2) 2 Bedroom 1 Bath. Additionally, each unit is separately metered for gas and electricity. Property being sold Tenant Occupied and in AS-IS condition. Don’t miss this rare opportunity to acquire a stable asset in a prime costal location with true rental upside.
  1. Listed by Sarah Martin • DRE #01935143 • Brokerage DRE #01008773 • First Team Real Estate

Property Details for 1721 Freeman Avenue

Parking Spaces Total
6
Private Pool
No
Cooling Type
Other/Remarks
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8198
Assessor Parcel Number
7259-032-041
LISTING UPDATED: 01/16/2020 01:22 AM

Property Details for 1721 Freeman Avenue

StatusClosed
MLS #PW19270355
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyLos Angeles County

Location

Listing Courtesy of First Team Real Estate, Sarah Martin, DRE #01935143

Sold By Austin Rogers, Austin Rogers, DRE #01883791

Add your commute

Building Information for 1721 Freeman Avenue

Building/Complex1721 Freeman AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1956Building Size-

Payment Calculator

$16,787 per month

30 year fixed, 6.15% Interest

Principal and Interest

$14,890

Property Taxes

$1,897

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1721 Freeman Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $189,300
  • Gross Scheduled Income: $189,300
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $153,216
  • Financing: Cash
Expense Details
  • Operating Expense: $36,084
  • Operating Expense Percent: 20.00%
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,609
Tax / Assessment Info
  • Tax Tract Number: 2
  • Tax Census Tract: 5751.03
  • Tax Lot: 46
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Master Bedroom
  • Bedroom Features: Master Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: See Remarks
  • Heating Type: Other
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
  • Flooring: See Remarks
Exterior Features
  • Exterior Features: Lighting
  • Roof: Composition
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $13,800
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 14
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2

Property History for 1721 Freeman Avenue

DateEvent & SourcePriceAppreciation
Jan 16, 2020

Sold

CLAW #PW19270355MR

$3,055,000
Jan 16, 2020

Sold

CRMLS #PW19270355

$3,055,000
Jan 16, 2020

Sold

SDMLS #PW19270355

$3,055,000
Dec 8, 2019

Pending

CRMLS #PW19270355

Dec 8, 2019

Pending

SDMLS #PW19270355

Dec 8, 2019

Pending

CLAW #PW19270355MR

Nov 22, 2019

Listed (Active)

SDMLS #PW19270355

$3,175,000
Nov 22, 2019

Listed (Active)

CLAW #PW19270355MR

$3,175,000
Nov 22, 2019

Listed (Active)

CRMLS #PW19270355

$3,175,000
Feb 17, 2019

Expired

CRMLS #PW18037327

$2,800,000
Feb 16, 2019

Expired

CLAW #PW18037327MR

Feb 24, 2018

Expired

SDMLS #PW18037327

Feb 24, 2018

Pending

CRMLS #PW18037327

Feb 24, 2018

Pending

CLAW #PW18037327MR

Feb 16, 2018

Listed (Active)

CRMLS #PW18037327

$2,800,000
Feb 16, 2018

Listed (Active)

CLAW #PW18037327MR

$2,800,000
Feb 16, 2018

Listed (Active)

SDMLS #PW18037327

$2,800,000
Nov 14, 2014

Sold

CRMLS #PW14205568

Nov 14, 2014

Pending

CRMLS #PW14205568

Nov 14, 2014

Sold

CRMLS #PW14205568

$2,280,000
Nov 14, 2014

Sold

CLAW #PW14205568MR

$2,280,000
Nov 12, 2014

Pending

CRMLS #PW14205568

Nov 12, 2014

Pending

CLAW #PW14205568MR

Sep 24, 2014

Listed (Active)

CRMLS #PW14205568

$2,349,000
Sep 24, 2014

Listed (Active)

CLAW #PW14205568MR

$2,349,000
Jan 5, 2013

Expired

CRMLS #P415142

$1,680,000
Oct 14, 2009

Withdrawn / Cancelled

CRMLS #S09084655

$1,430,000
Oct 14, 2009

Withdrawn / Cancelled

CLAW #S09084655MR

Aug 4, 2009

Listed (Active)

CRMLS #S09084655

$1,475,000
Aug 4, 2009

Listed (Active)

CLAW #S09084655MR

$1,475,000
Mar 8, 2005

Sold

CRMLS #P432657

$1,600,000
Mar 8, 2005

Sold

CRMLS #CC216769

$1,600,000
Mar 8, 2005

Sold

CLAW #P432657MR

$1,600,000
Jan 17, 2005

Listed (Active)

CRMLS #CC216769

$1,680,000
Jan 17, 2005

Listed (Active)

CLAW #P432657MR

$1,680,000
Jan 17, 2005

Listed (Active)

CRMLS #P432657

$1,680,000
Dec 31, 2004

Expired

CLAW #P415142MR

Sep 2, 2004

Listed (Active)

CRMLS #CC216165

$1,680,000
Sep 2, 2004

Listed (Active)

CLAW #P415142MR

$1,680,000
Sep 2, 2004

Listed (Active)

CRMLS #P415142

$1,680,000
DateEvent & SourcePrice
01/16/2020

Sold

CLAW #PW19270355MR

$3,055,000
01/16/2020

Sold

CRMLS #PW19270355

$3,055,000
01/16/2020

Sold

SDMLS #PW19270355

$3,055,000
12/08/2019

Pending

CRMLS #PW19270355

12/08/2019

Pending

SDMLS #PW19270355

12/08/2019

Pending

CLAW #PW19270355MR

11/22/2019

Listed (Active)

SDMLS #PW19270355

$3,175,000
11/22/2019

Listed (Active)

CLAW #PW19270355MR

$3,175,000
11/22/2019

Listed (Active)

CRMLS #PW19270355

$3,175,000
02/17/2019

Expired

CRMLS #PW18037327

$2,800,000
02/16/2019

Expired

CLAW #PW18037327MR

02/24/2018

Expired

SDMLS #PW18037327

02/24/2018

Pending

CRMLS #PW18037327

02/24/2018

Pending

CLAW #PW18037327MR

02/16/2018

Listed (Active)

CRMLS #PW18037327

$2,800,000
02/16/2018

Listed (Active)

CLAW #PW18037327MR

$2,800,000
02/16/2018

Listed (Active)

SDMLS #PW18037327

$2,800,000
11/14/2014

Sold

CRMLS #PW14205568

11/14/2014

Pending

CRMLS #PW14205568

11/14/2014

Sold

CRMLS #PW14205568

$2,280,000
11/14/2014

Sold

CLAW #PW14205568MR

$2,280,000
11/12/2014

Pending

CRMLS #PW14205568

11/12/2014

Pending

CLAW #PW14205568MR

09/24/2014

Listed (Active)

CRMLS #PW14205568

$2,349,000
09/24/2014

Listed (Active)

CLAW #PW14205568MR

$2,349,000
01/05/2013

Expired

CRMLS #P415142

$1,680,000
10/14/2009

Withdrawn / Cancelled

CRMLS #S09084655

$1,430,000
10/14/2009

Withdrawn / Cancelled

CLAW #S09084655MR

08/04/2009

Listed (Active)

CRMLS #S09084655

$1,475,000
08/04/2009

Listed (Active)

CLAW #S09084655MR

$1,475,000
03/08/2005

Sold

CRMLS #P432657

$1,600,000
03/08/2005

Sold

CRMLS #CC216769

$1,600,000
03/08/2005

Sold

CLAW #P432657MR

$1,600,000
01/17/2005

Listed (Active)

CRMLS #CC216769

$1,680,000
01/17/2005

Listed (Active)

CLAW #P432657MR

$1,680,000
01/17/2005

Listed (Active)

CRMLS #P432657

$1,680,000
12/31/2004

Expired

CLAW #P415142MR

09/02/2004

Listed (Active)

CRMLS #CC216165

$1,680,000
09/02/2004

Listed (Active)

CLAW #P415142MR

$1,680,000
09/02/2004

Listed (Active)

CRMLS #P415142

$1,680,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1721 Freeman Avenue

Taxable ValueLand$576,895Additions$1,094,605Total$1,671,500
Tax Record2025$22,764 ($1,897 / month)
Home Facts
Total Finished SqFt4,099 SqFtAbove Grade Finished SqFt4,099 SqFtLot Size6,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLBR2NCountyLOS ANGELESAPN7259-032-041

Schools near 1721 Freeman Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Team Real Estate, Sarah Martin, DRE #01935143

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.