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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
8
Sep
Tue
9
Sep
Wed
10
Sep
Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by John Dumke • John Dumke, Broker
$1,895,000
Est. payment /mo
5,332 SqFt
Save

UPDATED:

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

Read Less Info

GET MORE INFORMATION

Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Keyvani & Associates, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.