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.
Property Details
Price:
$1,895,000
MLS #:
PW25182759
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Eastside ES
Neighborhood:
3
Listed Date:
Aug 14, 2025
Total Sq Ft:
5,332
Lot Size:
6,751 sqft / 0.16 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Cooling
NO
Heating
WL
Laundry Features
AR
Exterior
Community Features
SDW, SL
Parking Spots
4
Financial
Map
Community
- AddressFreeman AV Lot 18 Long Beach CA
- SubdivisionEastside (ES)
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
Subdivisions in Long Beach
- Ackerfield Condos AC
- Alamitos Beach AB
- Alamitos Heights AH
- Artcraft Manor AM
- Bay Harbour BYH
- Belmont Heights BH
- Belmont Park BP
- Belmont Shore
- Belmont Shore BSD
- Bixby Knolls BK
- Bixby Riviera BBR
- Bixby Terrace BBT
- Bixby Terrace BT
- Bixby Village BV
- Bluff Park BLF
- California Heights CH
- Carson Park/Long Beach CLB
- Cedarhurst Apartments CDH
- Circle CA
- College Park CPZ
- College Park Estates CPS
- Cooper Arms CPA
- Country Club Gardens CCG
- Country Club manor CCM
- Country Club Villa CCV
- Crown Pointe CPT
- D\’Orleans DOR
- Downtown DT
- Eastside ES
- El Capitan ELC
- Eldorado ELD
- Genesis GNS
- Hacienda Heights HHT
- International Towers ITT
- Island Village ISV
- La Marina Estates
- Lafayette Building LF
- Lakewood City/Long Beach LCB
- Lakewood Mutuals LKMU
- Lakewood Village LKVL
- Lakewood Village LVD
- Los Altos/North of Fwy LNF
- Los Altos/South of Fwy LSF
- Los Cerritos LC
- Lynn Manor LNM
- Marina Pacifica MRP
- Mobile Estates ME
- Mystic Cove MC
- Naples NA
- New Bixby NB
- North Long Beach
- North Long Beach NLB
- Ocean House OCH
- Ocean Terrace OCT
- Pacific Shores PCS
- Park Estates PE
- Park Ocean PO
- Peninsula PI
- Pine Villas PVL
- Plaza North of Spring PZN
- Plaza South of Spring PZS
- Poly High PH
- Queens Surf QS
- Queens View Condos QVC
- Rancho RNC
- Ridgewood Heights RH
- Royal Palms RP
- South of Conant Northwest SNW
- South of Conant Southeast SSE
- South of Conant Southwest SSW
- Spinnaker Bay SY
- Stoney Brook Villas ST
- Stratford Square SQQ
- The Galaxy Towers TGT
- The Lakes TLK
- Villa Riviera VLR
- Virginia Country Club VCC
- Westside/North of Willow WNW
- Westside/South of Willow WSW
- Willmore District WM
- Wrigley Area WR
- Wrigley Heights WH
- X-100s X1
Market Summary
Current real estate data for Single Family in Long Beach as of Oct 29, 2025
614
Single Family Listed
49
Avg DOM
547
Avg $ / SqFt
$1,031,460
Avg List Price
Property Summary
- Located in the Eastside (ES) subdivision, Freeman AV Lot 18 Long Beach CA is a Single Family for sale in Long Beach, CA, 90804. It is listed for $1,895,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1961. The average price per square foot for Single Family listings in Long Beach is $547. The average listing price for Single Family in Long Beach is $1,031,460.
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Freeman AV Lot 18
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