$1,895,000 - 767 Freeman Avenue, Long Beach
- 14Beds
- 7Baths
- 0.16Acres
Long Beach Home Sale
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 share common back yard space for happy tenants. Common area laundry room for convenience. All units have been well maintained and upgraded, granite counters, low maintenance tile flooring and updated bathrooms. Very little deferred maintenance. All 7 unit electrical subpanels upgraded in 2024. Great location. Rose Park is right around the corner, walking distance to shops and restaurants on 4th Street, 7th Street and Redondo. Current monthly income 13,935 (167,220 annual). GRM is 11.3x. Cap rate with 35% expenses is 5.7%. Market rents are 2,250 with garage and 2050 without. Building has been professionally managed with great tenants. The building is the perfect combination of a quality and cash flow. Units show very well as they are upgraded upon vacancy. This is an easy building to own and manage with additional upside.
Sales Agent
- Sam Smith
- San Clemente Realtor ®
- Phone: 949-204-5110
- Cell: 949-204-5110
- Contact Agent Now
Amenities
- UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Parking Spaces4
- # of Garages4
- PoolNone
Additional Information
- Date ListedAugust 14th, 2025
- Days on Market23
- ZoningLBR2N
- Short SaleN
- RE / Bank OwnedN
Essential Information
- MLS® #PW25182759
- Price$1,895,000
- Bedrooms14
- Bathrooms7.00
- Acres0.16
- Year Built1961
- TypeResidential Income
- Sub-TypeApartment
- StatusClosed
- Listing AgentJohn Dumke
- Listing OfficeJohn Dumke, Broker
Exterior
- Lot DescriptionBack Yard
Community Information
- Address767 Freeman Avenue
- Area3 - Eastside, Circle Area
- SubdivisionEastside (ES)
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
Interior
- HeatingWall Furnace
- CoolingNone
- FireplacesNone
- # of Stories2
Price Change History for 767 Freeman Avenue, Long Beach, (MLS® #PW25182759)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending (from Active) | – | – |
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Back to ResultsEastside (es)
- City:
- Long Beach
- Price Range:
- $699,000 - $5,300,000
- Current Listings:
- 20
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
- City:
- Long Beach
- Price Range:
- $549,000 - $5,900,000
- Current Listings:
- 91
- HOA Dues:
- $0
- Average Price per Square Foot:
- $475
Based on information from California Regional Multiple Listing Service, Inc. as of January 9th, 2026 at 5:15pm PST. 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.