BROKER LA INC.

Eastside (Long Beach, California, US - 90804)
MLS® $2,199,000 Huge Price Reduction!!!




"Condo Conversion With Tentative Map App"
 

BROKER LA INC.
Los Angeles Real Estate


Peyman Karami
 
Peyman Karami
Email Peyman
 
TollFree: (888) 300-3004
Cell: (818) 300-3005
Fax: (323) 654-8785
 
Details

Address: 1764 Freeman Ave. Type: Commercial Style: 3 Story Bedrooms: 2 "each unit" Bathrooms: 2 "each unit" Garage: n/a "12 gated parking spaces" Size: 7,072 sq. ft. "735 sq.ft./unit" Lot Type: Rectangular Lot Size:  6494 sq. ft.  Year Built: 1986 MLS®: P605316
 
Description

Freeman Apartments Represents The Rare Opportunity For A Savvy Investor To Purchase A 1986 Building In A Prime Long Beach Location And Take This Approved Project To The Final Level. All 8-Unit Have 2 Bedrooms, 2 Baths, And A Large Subterranean Secured Parking Lot With 12 Parking Spaces And WILL BE DELIVED COMPLETELY REMODELED INSIDE AND OUT: All New Doors And Windows, New Kitchen With Wood Cabinets, Granite Countertop, Tiled Floor And Brand New Appliances, Washer/ Dryer Added Inside Each Unit, Beautiful Wood Laminated Floor All Over, New Bathrooms With Tiled Tub/Shower And Floor, New Exterior Painting, New Decking, Etc.
Project Has A Tentative Tract Map Approved By The City Of Long Beach, The 180-Day Notice Has Been Served; We Are Ready To Apply For DRE Conditional Public Report (With CC&R And Budget In Place). Most Of The Existing Tenants Are Willing And Able To Buy.
Another Difference From All Other Condo Conversion Projects, This One Is Fully Occupied By Ready To Buy Tenants, Which Are Paying $1,500/Month Rent, $3,000 Security Deposit, With The Promise To Get All Their Money Back If They Buy The Unit…Fantastic Deal: You Have A Great Income While You’re Waiting For Entitlements!!!
 
Highlights

WILL BE DELIVED COMPLETELY REMODELED INSIDE AND OUT! Tract Map Approved By The City Of Long Beach, The 180-Day Notice Has Been Served; We Are Ready To Apply For DRE Public Report (With CC&R And Budget In Place).!
Most Of The Existing Tenants Are Willing And Able To Buy! All New Doors And Windows!
New Kitchen With Wood Cabinets, Granite Countertop, Tiled Floor And Brand New Appliances! Washer/ Dryer Added Inside Each Unit!
Beautiful Wood Laminated Floor All Over! New Bathrooms With Tiled Tub/Shower And Floor!
New Exterior Painting,And Decking! 1764 Freeman Represents The Rare Opportunity For A Savvy Investor To Purchase A 1986 Building In A Prime Long Beach Location With A Final Map And Sell Units In An Extremely High-Demand Area!

Features
Interior Features
 Cathedral Ceiling  Ceiling Fan  Laundry Room
Appliances
 Dishwasher  Dryer  Garbage Disposal
 Gas Range  Microwave  Washer
 Washer/Dryer Hookup
Exterior Finish
 Stucco
Heating
 Wall Unit
Roof
 Composition
Sewer/Water Systems
 Public  Water District
View
 City Lights  Mountain View
Extra Features
 Balcony  Pets Allowed (under 20 lbs.)
Brokered and Advertised by:   American Investor Properties, Inc. NLS#1326395
 

Information is deemed to be correct but not guaranteed.