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771 Freeman Ave, Long Beach, CA 90804
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771 Freeman Ave Long Beach, CA 90804

$1,205,000 Sold Price as of 05/22/2019
  • 6 Beds
  • 5 Baths
  • 2,977 Sq.Ft.
Sold
$1,205,000 Sold Price as of 05/22/2019 Refinance Your Mortgage
Map preview of 771 Freeman Ave, Long Beach, CA 90804

Property Overview: 771 Freeman Ave Long Beach, CA has 6 bedrooms, 5 bathrooms, 2,977 living square feet and 6,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This well maintained four-unit multifamily investment property is located in the desirable Rose Park neighborhood of Long Beach. The charming front unit is a three bed, two bath home featuring hardwood floors, large living area and a private, fenced back yard. The rear building boasts three cute one bed, one bath apartments as well as two garage spaces and a laundry room. Improvements made since 2016 include seismic retrofitting of the front unit, re-piping, installing new sprinkler systems and replacing some windows to historic district standard.

Listed by MARY BALDRY | BRE #01927691 | VASTREE REAL ESTATE
Co-listed by NICHOLAS BALDRY | BRE #01958991 | VASTREE REAL ESTATE
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,754
HOA Dues
$0/mo
Year built
1919
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS19083520
City
Long Beach
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,580
  • Net Operating Income: $48,400
  • Gross Operating Income: --
  • Laundry Income: $528
Annual Expense Breakdown
  • Total Operating Expense: $20,180
  • Electric: $357
  • Gas/Fuel: $0
  • New Taxes: $14,546
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,535
  • Water/Sewer: $2,525

Property Details for 771 Freeman Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Front Yard, Park Nearby, Sprinkler System
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7258019023
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: North of E. 7th St and West of Obispo Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 771 Freeman Ave

Last sold for $1,205,000 on May 22nd, 2019

  • May, 2019

  • May 22, 2019

    Date

    Sold

    CRMLS: WS19083520

    $1,205,000

    Price

  • Apr 19, 2019

    Date

    Pending

    CRMLS: WS19083520

    $1,175,000

    Price

  • Apr 12, 2019

    Date

    Active

    CRMLS: WS19083520

    $1,175,000

    Price

  • May, 2019

  • May 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,205,000

    Price

  • May, 2018

  • May 30, 2018

    Date

    Leased

    CRMLS: PW18083319

    $1,300

    Price

  • May 21, 2018

    Date

    Pending

    CRMLS: PW18083319

    $1,250

    Price

  • Apr 16, 2018

    Date

    Active

    CRMLS: PW18083319

    $1,250

    Price

  • Listing provided courtesy of CRMLS

  • May, 2018

  • May 25, 2018

    Date

    Leased

    CRMLS: PW18108457

    $1,300

    Price

  • May 9, 2018

    Date

    Price Change

    CRMLS: PW18108457

    $1,300

    Price

  • May 9, 2018

    Date

    Active

    CRMLS: PW18108457

    $1,200

    Price

  • Listing provided courtesy of CRMLS

    Charming Rose Park Apartment! Charming one bedroom, one bathroom apartment in the Historic Rose Park district of Long Beach. Great Location!!! A minutes walk from the historic Rose Park traffic circle and a short walk to all the dining and shopping off of 7th St. This is an upper unit of a back house in a quiet neighborhood. Tons of charm in this unit with unique built-ins throughout and a large walk in closet in the hallway. It features a spacious living room with hardwood flooring throughout, a spacious bedroom, one full bathroom, and a full kitchen w/ fridge and stove. There is a laundry room onsite.

  • October, 2015

  • Oct 16, 2015

    Date

    Sold (Public Records)

    Public Records

    $885,000

    Price

Show More

Tax History for 771 Freeman Ave

Assessed Value (2020): $1,229,100
Year Land Value Improved Value Assessed Value
2020 $867,000 $362,100 $1,229,100

Home Value Compared to the Market

This property vs the competition

771 Freeman Ave sold on May 22, 2019 for 46.88% 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 $394.69 per/sqft which puts the price per square foot 37.55% lower than the current median sale per square foot for the city of Long Beach.

About 771 Freeman Ave

Detailed summary of property

771 Freeman Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,977 living square feet, and sits on an approximately 6,754 square foot lot. 771 Freeman Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,205,000. 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 46.88% higher than the current median priced home. Local homes that are currently for sale include 2221 Granada Ave, 1967 Atlantic Ave and 1415 Locust Ave. While the average home in Long Beach, CA is selling in 51 days, 771 Freeman Ave has a days on market of 4 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 771 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 771 Freeman Ave

Public county record property details
Beds
6
Baths
5
Year built
1919
Sq. Ft.
2,977
Lot Size
6,754
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7258-019-023

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.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
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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