757 Freeman Avenue, Long Beach, CA 90804
Property
Sold October 2024
Listing Agent: W. Kurt Wood (DRE #00452182) · Listing Office: Belmont Brokerage & Mgmt. INC. · Contact: 562-301-6763 · Bought with: Kyle Blair · Marcus and Millichap · MLS #PW24144969 · Source: CRMLS
About this property
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.*******
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history