757 Freeman Avenue, Long Beach CA, 90804

Sold

Closed

757 Freeman Avenue

Long Beach CA, 90804

$2,175,000

$342.25 per sqft

Sold

Closed

6,355 sqft

Condos

Built in 1964

Listed by W. Kurt Wood with Belmont Brokerage & Mgmt. INC. 562-301-6763

This building, built in 1964 is located in a great Eastside area of Long Beach. Strong renal demand. The building consists of two 1 bdrm/1 bath, four 2 bdrm/1 bath, one 2 bdrm/2 bath, and one 3 bdrm/2 bath units. Current rent is $15,940 (including $425 for garages and parking place). That is a GRM of 11.8 x Actual rents. With delivered rent increases starting 8/1/24 and 9/1/24, scheduled rents will increase to $15,940 per month. This will decrease the GRM to 11.3 x Actual. Market rents are $18,590 per month. This would decrease the GRM to 10.0 x Market Rents.

******PLEASE NOTE! WE BELIEVE THIS IS A PERFECT BUILDING TO ADD TWO TO THREE ADU's! CHECK WITH YOUR CONTRACTOR.*******

*****NOTE-ADDRESS ON BUILDING IS 759 FREEMAN AVE.*******

PW24144969

MLSⓇ ID

July 15, 2024

Listed

December 6, 2024

Updated

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: Level
Roof: Asphalt
Sewer: Public Sewer

Other Property Details

Area Name: 3 - Eastside, Circle Area
Days on Market: 24
Garage: Yes
Garage Spaces: 4
Parking: Assigned
Parking Total: 5
View: No
View Description: None
County: Los Angeles
Water Source: Public
Pool Features: None
Utilities: Natural Gas Connected, Water Available
Zoning: LBR2N

Listing History

Date	Event	Price
12/6/2024	Sold	$2,175,000
8/9/2024	Pending	—

Listing Contact: 562-437-3581

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/6/2024 at 11:20 PM UTC