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Key Details
Sold Price $12,995,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW21128394
Sold Date 12/15/21
HOA Y/N No
Year Built 1963
Lot Size 0.620 Acres
Property Description
We are pleased to present a 36-unit multifamily property located at 910-930 Freeman Avenue located in Long Beach, CA. Built in
1963, the subject property consists of 27,124 rentable square feet spread throughout a 27,013 square foot lot. The building consists of four 1-
bedroom / 1-bathroom units, and thirty-two 2-bedroom / 1 -bathroom unit. It contains twenty-four garages and numerous communal patios for
tenants.
The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, and open living
areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural
elements.
Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long
Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major
redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in
Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of
development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the
Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 24
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer, Septic Type Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7258013027
Energy Description 1612.5
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kevin King • Marcus & Millichap