Long Beach, CA 90804 757 Freeman Avenue
$2,250,000
Pending
9 more
Presented By: W. Kurt Wood with Belmont Brokerage & Mgmt. INC.; 562-301-6763
Beds • 15
Full/Half Baths • 8 / 2
SQFT • 6,355
Garage • 4
Home Details
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.*******
Presented By: W. Kurt Wood with Belmont Brokerage & Mgmt. INC.; 562-301-6763
Interior Features for 757 Freeman Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 757 Freeman Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces1.0
Carport Y/NYes
CityLong Beach
Community FeaturesStreetLights, Suburban, Sidewalks
CountyLos Angeles
Days on Market24
DirectionsNorth of E. 7th St/West of Obispo Ave
Electric Expense0.0
Entry LocationSide Gate
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income190476.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6754.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
NumberOfUnitsTotal8
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Subdivision NameEastside (ES)
Tax Lot16
Tenant PaysElectricity, Gas, TrashCollection
TermsCash, CashtoNewLoan
Trash Expense0.0
UtilitiesNaturalGasConnected, WaterAvailable
ViewNone
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAppraiser
ZoningLBR2N
Exterior for 757 Freeman Avenue
Building Area Total6355.0
Crops Included Y/NNo
FencingBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.1551
Lot Size Area6754.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Road Frontage TypeCityStreet
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480