Long Beach, CA 90804,910 Freeman AVE

$12,995,000

$12,995,000

Est.Price: ?

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Est. payment /mo

0.62 Acres Lot


SOLD DATE : 12/15/2021

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

Interior

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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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Kevin King • Marcus & Millichap
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6 Jenner, Unit # 250, Irvine, CA, 92618

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