360 Freeman Avenue
360 Freeman Avenue
Closed 4/12/23
Closed 4/12/23
Description
Location is steps away from all the restaurants and shopping 2nd street has to offer! Blocks from the beach. Award winning Long Beach Unified...This 14 unit investment property consists of ten 1-bedroom / 1-bathroom units, two 3-bedroom / 2 bathroom units, one 2 bedroom / 2 bathroom and one 2-bedroom / 1.5 -bathroom unit. It contains nine garages , onsite laundry and a communal courtyard. Secure, gated entry, delightfully manicured landscaping, this property offers an elegant lifestyle to its tenants
Location is steps away from all the restaurants and shopping 2nd street has to offer! Blocks from the beach. Award winning Long Beach Unified School District; Lowell Elementary, Rogers Middle, Wilson High School
- Listed by Michelle Towell • DRE #01869208 • Brokerage DRE #01527231 • People Realty, Inc
Property Details for 360 Freeman Avenue
Location
Sold By Buckingham Investments, Inc, Anthony Walker, DRE #01908153
Property Details for 360 Freeman Avenue
| Status | Closed |
|---|---|
| MLS # | OC22068380 |
| Days on Market | 224 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1969 |
| County | Los Angeles County |
Location
Sold By Buckingham Investments, Inc, Anthony Walker, DRE #01908153
Building Information for 360 Freeman Avenue
Payment Calculator
$28,065 per month
30 year fixed, 7.25% Interest
$27,287
$778
$0
Property Information for 360 Freeman Avenue
- Gross Income: $0
- Gross Scheduled Income: $267,180
- Gross Operating Income: $261,836
- Net Operating Income: $216,088
- Cap Rate: 3.1
- Financing: Seller Financing
- Operating Expense: $51,092
- Gardener Expense: $2,480
- Fuel Expense: $0
- Licenses Expense: $807
- Pest Control Expense: $440
- Electric Expense: $1,624
- Insurance Expense: $6,843
- Maintenance Expense: $10,208
- Professional Management Expense: $14,767
- Trash Expense: $0
- Water Sewer Expense: $5,359
- Total Expenses: $51,092
- Tax Tract Number: 10
- Tax Census Tract: 5768.02
- CFD/Mello-Roos Fee: $0
- Tax Lot: 11
- Community Features: Biking, Dog Park, Sidewalks, Street Lights
- Laundry: Yes
- Laundry Features: In Garage
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 11-15 Units/Acre
- Number Of Units: 14
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 9
- Parking: Yes
- Parking Garage: Garage
- Parking Garage Spaces: 9
- Carport Spaces: 0
- Parking Features: Garage
- Builders Tract Name: Belmont Heights
- Builders Tract Code: Belmont Heights (BH)
- Unit Type Units Total: 10
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 5
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $12,145
- Unit Type Total Rent: $12,141
- Unit Type Pro Forma: 1850
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,695
- Unit Type Total Rent: $4,695
- Unit Type Pro Forma: 2800
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,150
- Unit Type Total Rent: $2,150
- Unit Type Pro Forma: 2500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,195
- Unit Type Total Rent: $2,195
- Unit Type Pro Forma: 2600
- Unit Type Type: 4
- Number Of Units Leased: 14
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 14
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 0
Property History for 360 Freeman Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 360 Freeman Avenue
Schools near 360 Freeman Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mann Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 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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Listing Courtesy of People Realty, Inc, Michelle Towell, DRE #01869208
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.