910 Freeman Ave, Long Beach, CA 90804
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910 Freeman Ave Long Beach, CA 90804

$12,995,000 Sold Price as of 12/15/2021
  • 68 Beds
  • 36 Baths
  • 27,124 Sq.Ft.
Sold
$12,995,000 Sold Price as of 12/15/2021 Refinance Your Mortgage

Map preview of 910 Freeman Ave, Long Beach, CA 90804

Property Overview: 910 Freeman Ave Long Beach, CA has 68 bedrooms, 36 bathrooms, 27,124 living square feet and 27,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 36-unit multifamily property located at 910-930 Freeman Avenue located in Long Beach, CA. Built in 1963, the subject property consists of 27,124 rentable square feet spread throughout a 27,013 square foot lot. The building consists of four 1- bedroom / 1-bathroom units, and thirty-two 2-bedroom / 1 -bathroom unit. It contains twenty-four garages and numerous communal patios for tenants. The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements. Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 133

Home details

Lot Sq. Ft
27,007
HOA Dues
$0/mo
Year built
1963
Garage
24 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21128394
City
Long Beach
County
Los Angeles
Time on Site
1070 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 2
  • # of Electric Meters: 36
  • # of Gas Meters: 36
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,720
  • Total Rent: $6,880
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 32
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 20
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,944
  • Total Rent: $62,195
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $828,900
  • Net Operating Income: $531,373
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $272,660
  • Electric: $1,613
  • Gas/Fuel: $1,613
  • New Taxes: $162,438
  • Trash: $1,613
  • Insurance: $4,950
  • Maintenance: $24,120
  • Professional Management: $64,202
  • Water/Sewer: $1,613
  • Other Expenses: $10,500
  • Other Expense Description: Reserves

Property Details for 910 Freeman Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 24
  • # of Parking Spaces: 24
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 36
  • Parcel Number: 7258013027
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Septic Type Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: 10th Street & Freeman Avenue
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

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Sale History for 910 Freeman Ave

Last sold for $12,995,000 on December 15th, 2021
  • June, 2021

  • Jun 14, 2021

    Date

    Active

    CRMLS: PW21128394

    $12,995,000

    Price

  • November, 2018

  • Nov 29, 2018

    Date

    Sold (Public Records)

    Public Records

    $11,050,000

    Price

  • June, 2017

  • Jun 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $8,000,000

    Price

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Tax History for 910 Freeman Ave

Assessed Value (2020): $11,298,000
Year Land Value Improved Value Assessed Value
2020 $6,120,000 $5,178,000 $11,298,000

Home Value Compared to the Market

This property vs the competition

910 Freeman Ave sold on December 15, 2021 for 1524.38% 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 $479.1 per/sqft which puts the price per square foot 24.19% lower than the current median sale per square foot for the city of Long Beach.

About 910 Freeman Ave

Detailed summary of property

910 Freeman Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 68 bedrooms, 36 bathrooms, roughly 27,124 living square feet, and sits on an approximately 27,007 square foot lot. 910 Freeman Ave was first listed on ArdentRealEstateGroup.com on June 14, 2021. The homeowner sold the property for $12,995,000. 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 1524.38% higher than the current median priced home. Local homes that are currently for sale include 1005 N Croft Ave, 1633 N Laurel Ave and 1728 N Sierra Bonita Ave. While the average home in Long Beach, CA is selling in 51 days, 910 Freeman Ave has a days on market of 133 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 910 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 910 Freeman Ave

Public county record property details
Beds
68
Baths
36
Year built
1963
Sq. Ft.
27,124
Lot Size
27,013
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,5,7,9
APN
7258-013-027

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%)

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Related Resources to 910 Freeman Ave

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.