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1710 Freeman Ave - The Freeman Triplex 3 Unit Apartment Building Offered at $1,285,000 at a 3.44% Cap Rate Long Beach, CA 90804
INVESTMENT HIGHLIGHTS
- Excellent Eastside Long Beach Location
- Garage Parking
- Individually Metered
- Value-Add Opportunity
- Large Units
EXECUTIVE SUMMARY
Skyline Commercial Advisors is offering the opportunity to acquire The Freeman Triplex in Long Beach. Located in Eastside Long Beach, the property consists of a three bedroom home, two bedroom unit, and one bedroom unit. Tenants appreciate garage parking, central courtyard, and close proximity to the amenities available at the Traffic Circle. The property's ideally located just minutes away from Cal State Long Beach as well as the restaurants and entertainment options in Belmont Shore making this an ideal asset for consistent cash flow with future upside.
*Please do not disturb tenants or walk on the property.
*Please do not disturb tenants or walk on the property.
PROPERTY FACTS
| Price | $1,285,000 | Apartment Style | Low-Rise |
| Price Per Unit | $428,333 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,358 SF |
| Cap Rate | 3.44% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.39 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.27/1,000 SF |
| Price | $1,285,000 |
| Price Per Unit | $428,333 |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| Gross Rent Multiplier | 17.39 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 2,358 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.27/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
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1710 Freeman Ave - The Freeman Triplex
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