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360 Freeman Avenue

Long Beach, CA 90814
  • $6,000,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: OC22068380
$6,000,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

Listing Agent(s): Michelle Towell of People Realty, Inc (949-354-3502)


Description

This 14 unit investment property consists of ten 1-bedroom / 1-bathroom units, two 3-bedroom / 2 bathroom units, one 2 bedroom / 2 bathroom and one 2-bedroom / 1.5 -bathroom unit. It contains nine garages , onsite laundry and a communal courtyard.Secure, gated entry, delightfully manicured landscaping, this property offers an elegant lifestyle to its tenantsLocation is steps away from all the restaurants and shopping 2nd street has to offer! Blocks from the beach. Award winning Long Beach Unified School District; Lowell Elementary, Rogers Middle, Wilson High School

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127441750
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360 Freeman Avenue Long Beach, CA 90814

  • Price: $6,000,000
  • Status: Active
  • On Site: 51 Days
  • ID#: OC22068380
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1969
Built
Neighborhood:
Belmont Heights (Bh)
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
This 14 unit investment property consists of ten 1-bedroom / 1-bathroom units, two 3-bedroom / 2 bathroom units, one 2 bedroom / 2 bathroom and one 2-bedroom / 1.5 -bathroom unit. It contains nine garages , onsite laundry and a communal courtyard.Secure, gated entry, delightfully manicured landscaping, this property offers an elegant lifestyle to its tenantsLocation is steps away from all the restaurants and shopping 2nd street has to offer! Blocks from the beach. Award winning Long Beach Unified School District; Lowell Elementary, Rogers Middle, Wilson High School
Exterior Features

Entry Level 1 Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 14 Parking Features Garage Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.1 Common Interest Community Apartment Community Features BikingDog ParkStreet LightsSidewalks Electric Expense 1624 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 267180 Insurance Expense 6843 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 10208 Net Operating Income 216088 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 14 Operating Expense 51092 Pest Control Expense 440 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Total Actual Rent 21185 Trash Expense 0 Water Sewer Expense 5359 Water Source Public Zoning Lbr2a



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Michelle Towell of People Realty, Inc (949-354-3502)