Long Beach, CA 90804,1520 Freeman AVE
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Long Beach, CA 90804,1520 Freeman AVE
Long Beach, CA 90804,1520 Freeman AVE

$2,040,000

Est. payment /mo

$2,050,000

0.5%
Est.Price: ?

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1520 Freeman AVE Long Beach, CA 90804

SOLD DATE : 10/20/2017

Key Details

Sold Price $2,040,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW17126107

Sold Date 10/20/17

HOA Y/N No

Year Built 1988

Property Description

We are pleased to present 1520 Freeman Avenue, a 9 unit apartment community located in the highly desirable market of Eastside Long Beach. Built in 1988, the subject property is comprised of approximately 7,448 rentable square feet set on a 6,371 square foot lot. There is (1) non conforming one bedroom / one bathroom unit, and (8) two bedroom / one bathroom units. The property features large units, a laundry room, and ample gated parking for tenants' convenience. The units themselves feature private balconies, updated kitchens and bathrooms, and central air and heating. The property is separately metered for gas and electricity and has been very well maintained. With a "Walk Score" of 83 and described as "Very Walkable", this is an outstanding location for renters, as most errands can be accomplished on foot. This is a rare opportunity to acquire a quality, true pride of ownership asset in the excellent rental market of Long Beach. The outstanding unit mix and great location are just two of the features that would make this a fantastic addition to any investor's portfolio.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7259027016

Energy Description 1150.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Thomas Cole • The Real Estate Group

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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