757 Freeman Avenue Long Beach, CA 90804
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.*******
- Property TypeMulti-Family
- NeighborhoodEastside (Es)
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusPending
- MLS ID NumberPW24144969
- Home Size Source N/A
- Year Built1964
- Lot Size0.1551 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Assigned
- Parking Spaces 5
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1551
- Water Public
- Property Sub Type Apartment
- Garage Spaces 4
- Utilities Natural Gas ConnectedWater Available
- Zoning LBR2N
- Listing Conditions Standard
Interior Features
- Laundry Features Common Area
Exterior Features
- Roof Asphalt
- View None
- Fencing Block
- Pool Features None
- Lot Level
- Road Frontage City Street
Community Features
- Community Features SidewalksStreet LightsSuburban
- Senior Community No
- MLS Area 3 - Eastside, Circle Area