$980,000
$950,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Sold Date 08/19/16
Construction Status Turnkey
HOA Y/N No
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
Fireplace Yes
Appliance Gas Cooktop, Gas Oven, Gas Range
Laundry Common Area
Exterior
Garage 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
Accessibility Parking
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Faces East
Story 1
Foundation Slab
Water Public
Architectural Style Bungalow
Construction Status Turnkey
Others
Senior Community No
Tax ID 7258014009
Acceptable Financing Conventional
Listing Terms Conventional
Financing Trust Deed
Special Listing Condition Standard
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Bought with Ryan Rayburn • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "