Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25182759
MLS Source
California Regional MLS
Days on Site
6
Interior Features
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 7 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
767 Freeman Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 6,751 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,895,000 and was built in 1961. This address can also be written as 767 Freeman Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of August 19, 2025. For the most current information, please contact John Dumke
