$2,040,000
$2,050,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
1520 Freeman AVE Long Beach, CA 90804
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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Bought with Thomas Cole • The Real Estate Group
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442