CA > Long Beach > Eastside
Long Beach, CA 90804,767 Freeman Avenue
Long Beach, CA 90804,767 Freeman Avenue
Long Beach, CA 90804,767 Freeman Avenue
Long Beach, CA 90804,767 Freeman Avenue
Long Beach, CA 90804,767 Freeman Avenue
Long Beach, CA 90804,767 Freeman Avenue
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Daniel Cuevas

Daniel Cuevas

+1(661) 878-6782
Listed by John Dumke • John Dumke, Broker
$ 1,895,000
Est. payment | /mo

5,332 SqFt

Save
$ 1,895,000
Est. payment | /mo
Save

5,332 SqFt

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,332 sqft

Price per Sqft $355

Subdivision Eastside

MLS Listing ID PW-25182759

Year Built 1961

Lot Size 6,751 Sqft

Property Sub-Type Apartment

Property Description

Excellent cash flow building in prime Eastside Long Beach area. 7 units total, four garages with 4 parking spaces in front of garage. All unit doors face south for lots of natural light and share common back yard space for happy tenants. Common area laundry room for convenience. All units have been well maintained and upgraded, granite counters, low maintenance tile flooring and updated bathrooms. Very little deferred maintenance. All 7 unit electrical subpanels upgraded in 2024. Great location. Rose Park is right around the corner, walking distance to shops and restaurants on 4th Street, 7th Street and Redondo. Current monthly income 13,935 (167,220 annual). GRM is 11.3x. Cap rate with 35% expenses is 5.7%. Market rents are 2,250 with garage and 2050 without. Building has been professionally managed with great tenants. The building is the perfect combination of a quality and cash flow. Units show very well as they are upgraded upon vacancy. This is an easy building to own and manage with additional upside.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Wall Furnace

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Gated

Garage Spaces 4.0

Pool None

Community Features Sidewalks, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description Back Yard

Sewer Public Sewer

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 878-6782

daniel@txveteranagent.com

2626, Cole Avenue, Ste, 300,Dallas, USA

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767 Freeman Avenue