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Long Beach, CA 90804,915 Freeman Avenue
$980,000
Est. payment /mo
$950,000
3.2%
Est.Price: ?

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SOLD DATE : 08/19/2016

Key Details

Sold Price $980,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW16092699

Year Built 1949

Property Description

I am proud to offer a well-maintained six-unit apartment building located at 915 Freeman Avenue in the city of Long Beach, California. The property is located south of 10th Street and three blocks west of Redondo Avenue.

Built in 1949, the wood frame and painted stucco building offers 3,502 rentable square feet and is situated on a 6,773-square foot lot. The property offers a unit mix of five one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. The property is individually metered for gas and electricity and offers on-site laundry for the tenant’s convenience.

915 Freeman Avenue is a rare opportunity to purchase an extremely well-maintained apartment in a high-demand rental market. With a stable return on current numbers and true upside in rents for a more aggressive management-style, makes this a value-add opportunity and a perfect addition to any investor’s portfolio.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Wall Furnace

Cooling Electric, Gas

Flooring Carpet

Fireplaces Type Kitchen

Laundry Common Area

Exterior

Parking Features Asphalt, Door-Single, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Sewer Connected

Building

Lot Description 6-10 Units/Acre

Story 1

Foundation Slab

Water Public

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ryan Rayburn • Marcus & Millichap
Bought with Ryan Rayburn • Marcus & Millichap
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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