Property Details
About this Property
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.*******
MLS Listing Information
MLS #
CRPW24144969
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
757 Freeman Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 6,754 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,175,000 and was built in 1964. This address can also be written as 757 Freeman Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact W. Kurt Wood, (562) 437-3581
