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757 Freeman Avenue

Long Beach, CA 90804

– beds
– baths
– sqft
6,754 sqft lot
1964 build
– on site

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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.*******

Listed By CRMLS_CA / W. Kurt Wood / Belmont Brokerage & Mgmt. INC. / 562-301-6763

Last checked: Checking… • Last updated Dec 6, 2024 •

MLS# PW24144969 —

The Building

Year Built:

1964
Year Built Source:

Appraiser
New Construction:

No
Building Area Total:

6355.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Roof:

Asphalt
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

9

Interior

Levels:

Two
Entry Location:

Side Gate
Laundry:

Common Area
Laundry:

1

Location

Directions:

North of E. 7th St/West of Obispo Ave,
Latitude:

33.77644900
Longitude:

-118.15598700

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2N
Lot Features:

Level
Lot Size Area:

6754.0000
Lot Size Acres:

0.1551
Lot Size SqFt:

6754.00
Lot Size Source:

Assessor
View:

None
Fencing:

Block
Fence:

Yes
Road Frontage:

City Street
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

C
Tax Census Tract:

5769.04
Tax Lot:

16

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7258019018

Utilities

Utilities:

Natural Gas Connected, Water Available
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Eastside (ES)
Subdivision:

Eastside (ES)
Features:

Sidewalks, Street Lights, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

5.00
Garage Spaces:

4.00
Carport Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/23/24 Oct 23, 2024	Sold	CRMLS_CA	$2,175,000	-3.3%
8/9/24 Aug 9, 2024	Pending	CRMLS_CA	$2,250,000
7/15/24 Jul 15, 2024	Listed / Active	CRMLS_CA	$2,250,000

Multifamily Sold on 10/23/2024

$2,175,000

Listing provided by broker:

W. Kurt Wood

Belmont Brokerage & Mgmt. INC.

562-301-6763

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Listing Courtesy of: CRMLS_CA and Belmont Brokerage & Mgmt. INC.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Dec 25.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

757 Freeman Avenue

Long Beach, CA 90804