$ 1,895,000
-
$1,895,000
Price -
12
Bed -
6
Bath -
5,332
SqFt
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About the Listing PB16378 - ZDUMKJOH
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.
Listing Highlights for 767 Freeman Ave
Status
Pending
Days on Site
72
Property Type
Multi-Family
MLS ®
PW25182759
Year Built
1961
Total Square Footage
5,332
Lot/Acreage
0.15
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: LBR2N
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7258019020
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
767 Freeman Ave Long Beach, CA 90804
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