About 757 Freeman Avenue
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.*******
Features of 757 Freeman Avenue
| MLS® # | PW24144969 |
|---|---|
| Price | $2,250,000 |
| Bedrooms | 8 |
| Bathrooms | 6.00 |
| Acres | 0.16 |
| Type | Residential Income |
| Status | Closed |
Community Information
| Address | 757 Freeman Avenue |
|---|---|
| City | Long Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90804 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|---|
| Stories | 2 Story |
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | July 15th, 2024 |
|---|---|
| Days on Market | 24 |
| Zoning | Appraiser |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Belmont Brokerage & Mgmt. INC. |
|---|