767 Freeman Avenue, Long Beach, CA 90804

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
#1#2#3
767 Freeman Avenue,Long Beach, CA 90804
$1,895,000
  • - Beds
  • - Baths
  • 5,332 sq. ft.
  • Multi-family
  • Active
Listed by:john dumke
Office:john dumke, broker
MLS#:PW25182759
Source:CRMLS

Price summary

  • Price:$1,895,000
  • Price per sq. ft.:$355.4

About this home

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. 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 13,610 (163,320 annual). GRM is 11.6x. Cap rate with 35% expenses is 5.6%. 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.

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Home facts

  • Year built:1961
  • Listing Id #:PW25182759
  • Added:1 day(s) ago
  • Updated:August 15, 2025 at 06:25 PM

Rooms and interior

  • Living area:5,332 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1961
  • Building area:5,332 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$355.4
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