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1145 Freeman Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
6 Units
Investment Highlights
- RENTS ARE BELOW CURRENT MARKET RENT.
- 5.8% CAP RATE ON MARKET RENTS
- SIGNIFICANT VALUE ADDED OPORTUNITY AT MARKET RENT
- POSSIBLE ADDITION OF ADU(Accessory Dwelling Unit)
Property Facts
| No. Units | 6 | Building Size | 2,616 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R3, County | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,616 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | R3, County |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $900.00 | 550 |
| 2+1 | 1 | $1,350 | 670 |
| 1+1 | 1 | $900.00 | 550 |
| 1+1 | 1 | $900.00 | 550 |
| 1+1 | 1 | $900.00 | 550 |
Property Taxes
| Parcel Number | 7259-018-018 | Improvements Assessment | $477,543 |
| Land Assessment | $721,621 | Total Assessment | $1,199,164 |
Property Taxes
Parcel Number
7259-018-018
Land Assessment
$721,621
Improvements Assessment
$477,543
Total Assessment
$1,199,164
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