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360 Freeman Ave, Long Beach, CA 90814
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360 Freeman Ave Long Beach, CA 90814

$5,000,000 Sold Price as of 04/12/2023
  • 20 Beds
  • 17.5 Baths
  • 11,187 Sq.Ft.
Sold
$5,000,000 Sold Price as of 04/12/2023 Refinance Your Mortgage
Map preview of 360 Freeman Ave, Long Beach, CA 90814

Property Overview: 360 Freeman Ave Long Beach, CA has 20 bedrooms, 17.5 bathrooms, 11,187 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: 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 | BRE #01869208 | People Realty, Inc
Last checked: 10 minutes ago | Last updated: April 12th, 2023 | Source CRMLS | DOM: 224

Home details

Lot Sq. Ft
13,003
HOA Dues
$0/mo
Year built
1969
Garage
9 Car
Property Type:
Apartment
Status
Sold
MLS#
OC22068380
City
Long Beach
County
Los Angeles
Time on Site
798 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,145
  • Total Rent: $12,141
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,695
  • Total Rent: $4,695
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $267,180
  • Net Operating Income: $216,088
  • Gross Operating Income: $261,836
Annual Expense Breakdown
  • Total Operating Expense: $51,092
  • Electric: $1,624
  • Gas/Fuel: $0
  • Licenses: $807
  • Trash: $0
  • Gardener: $2,480
  • Insurance: $6,843
  • Maintenance: $10,208
  • Professional Management: $14,767
  • Water/Sewer: $5,359

Property Details for 360 Freeman Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7257012028
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
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: Belmont Heights (BH)
  • Directions: Just south of 4th Street and Freeman
Neighborhood Information
  • Community Features: Biking, Dog Park, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 360 Freeman Ave

Last sold for $5,000,000 on April 12th, 2023

  • April, 2022

  • Apr 6, 2022

    Date

    Active

    CRMLS: OC22068380

    $6,000,000

    Price

  • August, 2003

  • Aug 22, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 1975

  • Oct 24, 1975

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 360 Freeman Ave

Assessed Value (2020): $499,560
Year Land Value Improved Value Assessed Value
2020 $96,243 $403,317 $499,560

Home Value Compared to the Market

This property vs the competition

360 Freeman Ave sold on April 12, 2023 for 516.59% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $491.64 per/sqft which puts the price per square foot 25.4% lower than the current median sale per square foot for the city of Long Beach.

About 360 Freeman Ave

Detailed summary of property

360 Freeman Ave is a apartment that recently sold in Long Beach, CA 90814. This apartment offered 20 bedrooms, 17.5 bathrooms, roughly 11,187 living square feet, and sits on an approximately 13,003 square foot lot. 360 Freeman Ave was first listed on ArdentRealEstateGroup.com on April 6, 2022. The homeowner sold the property for $5,000,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 516.59% higher than the current median priced home. Local homes that are currently for sale include 2221 Michigan Ave, 323 N Soto St and 1271 W 39th Pl. While the average home in Long Beach, CA is selling in 51 days, 360 Freeman Ave has a days on market of 224 days. There are currently 696 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 279 of them are condos and 20 are townhomes. For more information on this home for sale at 360 Freeman Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 360 Freeman Ave

Public county record property details
Beds
20
Baths
18
Year built
1969
Sq. Ft.
11,187
Lot Size
13,002
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
7257-012-028

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,000
Median List Price/Sq.Ft.
$633
Median Sold Price
$857,705
Median Sold Price/Sq.Ft.
$590
Total Inventory
34
Median Sale to List Price %
111.75%
Avg Days on Market
61
Loan Type
Conventional (38.46%), FHA (0%), VA (0%), Cash (15.38%), Other (46.15%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 360 Freeman Ave

364 Freeman Ave, Long Beach, CA 90814
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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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