757 Freeman Avenue,

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Home For Sale

This building, built in 1964 is located in a great Eastside area of Long Beach. Strong renal demand. The building consists of two 1 bdrm/1 bath, four 2 bdrm/1 bath, one 2 bdrm/2 bath, and one 3 bdrm/2 bath units. Current rent is $15,940 (including $425 for garages and parking place). That is a GRM of 11.8 x Actual rents. With delivered rent increases starting 8/1/24 and 9/1/24, scheduled rents will increase to $15,940 per month. This will decrease the GRM to 11.3 x Actual. Market rents are $18,590 per month. This would decrease the GRM to 10.0 x Market Rents. ******PLEASE NOTE! WE BELIEVE THIS IS A PERFECT BUILDING TO ADD TWO TO THREE ADU's! CHECK WITH YOUR CONTRACTOR.******* *****NOTE-ADDRESS ON BUILDING IS 759 FREEMAN AVE.*******

Property Details

757 Freeman AvenueLot Size: 0.16Bedrooms: 8Price: $2,250,000Zip: 90804
MLS® #: PW24144969School District: Days on Market: 1Listed By: W. Kurt Wood, Belmont Brokerage & Mgmt. INC.

Area Profile

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Beach Cities Real Estate
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Additional Information

  • County:
    Los Angeles
  • Zip:
    90804
  • MLS® #:
    PW24144969
  • Bedrooms:
    8
  • Lot Size:
    0.16
  • Neighborhood:
    LONG BEACH (90804)
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Listing information last updated on July 16th, 2024 at 2:17pm PDT.