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1640 Freeman Ave, Long Beach, CA 90804
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1640 Freeman Ave Long Beach, CA 90804

$710,000 Sold Price as of 07/16/2019
  • 5 Beds
  • 2 Baths
  • 1,517 Sq.Ft.
Sold
$710,000 Sold Price as of 07/16/2019 Refinance Your Mortgage
Map preview of 1640 Freeman Ave, Long Beach, CA 90804

Property Overview: 1640 Freeman Ave Long Beach, CA has 5 bedrooms, 2 bathrooms, 1,517 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautifully remodeled duplex on a corner lot with onsite parking. Enjoy new windows, plumbing, sewer line, HVAC units, new paint, drought tolerant artificial turf, security screen doors, recessed lighting, crown molding, ceiling fans, newer water heaters, upgraded electric panels, roof, 2 electric meters, 2 gas meters and more. The entrance for the 3 bed 1 bath is at 1640 Freeman Ave (rents for $2500/mo) and has a detached 2 garage (that may have opportunity to make another living space) and large enclosed yard, the 2 bed 1 bath entrance is on 3114 E. 17th Street (rents for $1500/mo) and has private gated parking area with no shared walls between the units and an additional area for a playroom. The property has two laundry areas, the front home has a laundry room inside, the back home has laundry near the garage. Both homes have a great feel and attention to detail with the new granite counters, well thought out backsplashes, built ins and pantry areas.This duplex is the perfect opportunity for someone who wants to live in one unit and rent out the other unit or rent out both properties as an income producing property. Finally a property where the owner has completed many, major upgrades! It just needs you!

Listed by Shannon Paul | BRE #02039030 | CMC Realty & Lending
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1919
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19128766
City
Long Beach
County
Los Angeles
Time on Site
1388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,000
  • Net Operating Income: $31,551
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,449
  • New Taxes: $8,125
  • Trash: $504
  • Insurance: $1,100
  • Water/Sewer: $720

Property Details for 1640 Freeman Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas & Electric Range
Interior Features
  • Ceiling Fan(s), Recessed Lighting
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • New Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot, Lot 6500-9999, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7259027001
  • Year Built Source: Public Records
  • Architectural Style: Cottage, Craftsman
  • Property is not Attached
  • Offered With Property: 2 washer/dryer sets (no warranties expressed or implied, 4 rubbermaid storage sheds, 1 gazebo)
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Take PCH to Freeman and go South
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Curbs, Dog Park, Hiking, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1640 Freeman Ave

Last sold for $710,000 on July 16th, 2019

  • July, 2019

  • Jul 18, 2019

    Date

    Sold

    CRMLS: PW19128766

    $710,000

    Price

  • Jun 24, 2019

    Date

    Pending

    CRMLS: PW19128766

    $698,000

    Price

  • Jun 13, 2019

    Date

    Active Under Contract

    CRMLS: PW19128766

    $698,000

    Price

  • Jun 5, 2019

    Date

    Active

    CRMLS: PW19128766

    $698,000

    Price

  • July, 2019

  • Jul 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

Show More

Tax History for 1640 Freeman Ave

Assessed Value (2020): $710,000
Year Land Value Improved Value Assessed Value
2020 $550,000 $160,000 $710,000

Home Value Compared to the Market

This property vs the competition

1640 Freeman Ave sold on July 16, 2019 for 12.75% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $460.12 per/sqft which puts the price per square foot 27.2% lower than the current median sale per square foot for the city of Long Beach.

About 1640 Freeman Ave

Detailed summary of property

1640 Freeman Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,517 living square feet, and sits on an approximately 6,501 square foot lot. 1640 Freeman Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $710,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 12.75% lower than the current median priced home. Local homes that are currently for sale include 1213 E 119th St, 2015 E 105th St and 1503 E 109th St. While the average home in Long Beach, CA is selling in 51 days, 1640 Freeman Ave has a days on market of 8 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1640 Freeman Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1640 Freeman Ave

Public county record property details
Beds
5
Baths
2
Year built
1919
Sq. Ft.
1,517
Lot Size
6,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7259-027-001

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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