757 Freeman Avenue
Long Beach, CA 90804
0.16 acres | #PW24144969
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.*******
Property Details
- Lot DescriptionLevel
- Stories2
Measurements
- Acres0.1551
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1964
Utilities / Energy Details
- Utility FeaturesNaturalGasConnected, WaterAvailable
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionEastside (ES)
Location
- CountyLos Angeles
Financial Details
- Original List Price$2,250,000
Other
- MLS #PW24144969
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: W. Kurt Wood (#ZWOODWKU)
Listing Office: Belmont Brokerage & Mgmt. INC. (#0521)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
