767 Freeman Avenue, Long Beach, CA 90804

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
767 Freeman Avenue,Long Beach, CA 90804
$1,895,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:john dumke
Office:john dumke, broker
MLS#:PW25182759
Source:SANDICOR

Price summary

  • Price:$1,895,000

About this home

Excellent cash flow building in prime Eastside Long Beach area. 7 units total, four garages with 4 parking spaces in front of garage. All unit doors face south for lots of natural light and happy tenants. Private common back yard space. All units have been well maintained and upgraded, granite counters, low maintenance tile flooring and updated bathrooms. Very little deferred maintenance. Great location. Rose Park is right around the corner, walking distance to shops and restaurants on 4th Street, 7th Street and Redondo. Gross monthly income currently 13,610 (163,320 annual). GRM at list price is 11.6x. Cap rate with 35% expenses on gross annual rents is 5.6% and this is on actual rents! Reasonable proforma rents of 2,250 with a garage and 2100 for a unit without garage yields 183,600 gross revenue, 10.32X GM and 6.3% cap rate. Building has been professionally managed with great tenants. The building is the perfect combination of a quality area and cash flow.

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Home facts

  • Listing Id #:PW25182759
  • Added:1 day(s) ago
  • Updated:August 15, 2025 at 03:29 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Finances and disclosures

  • Price:$1,895,000
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