Freeman Ave, Long Beach, Home For Sale

house for sale

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Listed: 07/17/24

757 Freeman Ave, Long Beach, California, 90804

15 Bed:

10 Bath:

6,355 Sq Ft Living Area:

Price

$ 2,25M

Sold

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About This House

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 starting8/1/24and9/1/24,scheduled rents will increase to$15, 940per month. This will decrease the GRM to 11.3 x Actual. Market rents are$18, 590per 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 .

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