Freeman AV Lot 18
Long Beach, CA, 90804
$1,895,000
Beds
0 Baths
0 SqFt
0.16 Acres
Add
MLS #PW25182759 image #0MLS #PW25182759 image #1MLS #PW25182759 image #2MLS #PW25182759 image #3MLS #PW25182759 image #4MLS #PW25182759 image #5MLS #PW25182759 image #6MLS #PW25182759 image #7MLS #PW25182759 image #8MLS #PW25182759 image #9MLS #PW25182759 image #10MLS #PW25182759 image #11MLS #PW25182759 image #12MLS #PW25182759 image #13MLS #PW25182759 image #14MLS #PW25182759 image #15
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
3Eastside Es

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Schools

Interior

Cooling
NO
Heating
WL
Laundry Features
AR

Exterior

Community Features
SDW, SL
Parking Spots
4

Financial

Net Operating Income
$106,158

Map

Community

Subdivisions in Long Beach

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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