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910-930 Freeman Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
36 Units
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.62 AC |
| Property Type | Multifamily | Building Size | 27,124 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1963/2017 |
| Building Class | C | Parking Ratio | 1.88/1,000 SF |
| Zoning | R2N, Long Beach | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 27,124 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2017 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R2N, Long Beach |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 910-930 FREEMAN AVE , LONG BEACH, CA 90804
910-930 Freeman Avenue is comprised of four buildings totaling 36 units, located in the vibrant Eastside neighborhood of Long Beach, California. The property is less than one mile to the trendy Retro Row neighborhood as well as the East Broadway Strip, providing close proximity to many of the best dining, shopping and nightlife amenities Long Beach offers. Exterior renovations on the property include stylish custom wood paneled security gates, fresh paint, new garage doors and new landscaping for all of the buildings. In addition to the exterior upgrades, 24 of the 36 units are renovated with new custom cabinetry, quartz countertops, stainless steel appliances, upgraded recessed lighting, new ceiling fans and new flooring. 910-930 Freeman Avenue is an attractive property in a well-located area of Long Beach, providing a proven opportunity for a new owner to achieve over 15% upside in rental income by completing the renovations on the remaining twelve units. There is opportunity for further upside by installing in-unit washers and dryers throughout the property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,424 | 631 |
| 2+1 | 24 | $1,706 | 725 |
| 2+1 | 8 | $2,001 | 900 |
PROPERTY TAXES
| Parcel Number | 7258-013-027 | Improvements Assessment | $5,757,053 |
| Land Assessment | $7,428,456 | Total Assessment | $13,185,509 |
PROPERTY TAXES
