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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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Bought with Ryan Rayburn • Marcus & Millichap