$ 2,250,000
757 Freeman Avenue Long Beach, CA 90804
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
$ 2,250,000
Est. payment /mo
Pending
757 Freeman Avenue Long Beach, CA 90804
6,355 SqFt
UPDATED:
11/18/2024 04:16 AM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 6,355 sqft
Price per Sqft $354
Subdivision Eastside
MLS Listing ID PW-24144969
Year Built 1964
Lot Size 6,754 Sqft
Property Description
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.*******
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Street Lights, Suburban
Utilities Available Water Available, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Level
Sewer Public Sewer