404 E Freeland, Long Beach, CA 90807

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
404 E Freeland,Long Beach, CA 90807
$1,450,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a
MLS#:RS26207276
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,450,000

About this home

Fully leased Bixby󠃍󠂏󠃢󠂁󠂠󠃢󠂁󠂠󠃢󠂁󠂢󠃢󠂁󠂢󠃳󠂠󠂀󠂠 Knolls fourplex with approximately 16% rental upside and potential to add up to four detached ADUsa path to doubling the unit count. Situated on an approximately 9,498 SF lot, the property features four 2-bedroom, 1-bath units totaling approximately 3,256 SF, four detached garages, and seven surface parking spaces. All units were renovated in 2019 with mini-split heating and cooling and upgraded appliances. Current rents average approximately $2,457 per unit, with projected rents of $2,850 following light interior updates on turnover. Annual scheduled income totals approximately $127,718, including ancillary income, with projected income of $151,370 through rent growth and full garage and parking rentals. This supports a projected 7.27% cap rate at the $1,450,000 asking price, excluding any future ADU income. The rear garage footprint offers potential for up to four detached ADUs while retaining surface parking, subject to buyer...

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Home facts

  • Subdivision & Development:Bixby Knolls (BK)
  • Listing ID #:RS26207276
  • Added:1 day(s) ago
  • Updated:September 23, 2026 at 09:39 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,450,000
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