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1721 Freeman Ave, Long Beach, CA 90804
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1721 Freeman Ave Long Beach, CA 90804

$3,055,000 Sold Price as of 01/16/2020
  • 16 Beds
  • 14 Baths
  • 8,198 Sq.Ft.
Sold
$3,055,000 Sold Price as of 01/16/2020 Refinance Your Mortgage
Map preview of 1721 Freeman Ave, Long Beach, CA 90804

Property Overview: 1721 Freeman Ave Long Beach, CA has 16 bedrooms, 14 bathrooms, 8,198 living square feet and 13,003 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Sarah Martin | BRE #01935143 | First Team Real Estate
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
13,003
HOA Dues
$0/mo
Year built
1956
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
PW19270355
City
Long Beach
County
Los Angeles
Time on Site
1388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $13,800
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $189,300
  • Net Operating Income: $153,216
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $36,084
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1721 Freeman Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: See Remarks
  • Master Bedroom
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7259032041
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: 2+ Access Exits
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Freeman Ave & PCH
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1721 Freeman Ave

Last sold for $3,055,000 on January 16th, 2020

  • January, 2020

  • Jan 16, 2020

    Date

    Sold

    CRMLS: PW19270355

    $3,055,000

    Price

  • Dec 10, 2019

    Date

    Pending

    CRMLS: PW19270355

    $3,175,000

    Price

  • Nov 22, 2019

    Date

    Active

    CRMLS: PW19270355

    $3,175,000

    Price

  • January, 2020

  • Jan 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,055,000

    Price

  • February, 2019

  • Feb 17, 2019

    Date

    Expired

    CRMLS: PW18037327

    $2,800,000

    Price

  • May 23, 2018

    Date

    Withdrawn

    CRMLS: PW18037327

    $2,800,000

    Price

  • Feb 26, 2018

    Date

    Pending

    CRMLS: PW18037327

    $2,800,000

    Price

  • Feb 16, 2018

    Date

    Active

    CRMLS: PW18037327

    $2,800,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2014

  • Nov 14, 2014

    Date

    Sold (Public Records)

    Public Records

    $2,280,000

    Price

Show More

Tax History for 1721 Freeman Ave

Assessed Value (2020): $1,253,744
Year Land Value Improved Value Assessed Value
2020 $824,201 $429,543 $1,253,744

Home Value Compared to the Market

This property vs the competition

1721 Freeman Ave sold on January 16, 2020 for 296.88% higher 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 $387.29 per/sqft which puts the price per square foot 38.72% lower than the current median sale per square foot for the city of Long Beach.

About 1721 Freeman Ave

Detailed summary of property

1721 Freeman Ave is a apartment that recently sold in Long Beach, CA 90804. This apartment offered 16 bedrooms, 14 bathrooms, roughly 8,198 living square feet, and sits on an approximately 13,003 square foot lot. 1721 Freeman Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,055,000. 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 296.88% higher than the current median priced home. Local homes that are currently for sale include 263 Corona Avenue, 208 Granada Ave and 5121 E Ocean Blvd. While the average home in Long Beach, CA is selling in 53 days, 1721 Freeman Ave has a days on market of 16 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1721 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 1721 Freeman Ave

Public county record property details
Beds
8
Baths
7
Year built
1956
Sq. Ft.
4,099
Lot Size
6,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
46
APN
7259-032-041

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%)

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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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