CA > Long Beach > Eastside (Es)
Long Beach, CA 90804,757 Freeman AVE
Long Beach, CA 90804,757 Freeman AVE
Long Beach, CA 90804,757 Freeman AVE
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$2,250,000
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6,756 Sqft Lot
Pending

757 Freeman AVE Long Beach, CA 90804

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Lawrence Joseph Cech, CNE

Lawrence Joseph Cech, CNE

+1(215) 519-8300

UPDATED:

09/30/2024 06:53 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW24144969

HOA Y/N No

Year Built 1964

Lot Size 6,756 Sqft

Property Description

This building, built in 1964 is located in a great Eastside area of Long Beach. Strong renal demand. The building consists of two 1 bdrm/1 bath, four 2 bdrm/1 bath, one 2 bdrm/2 bath, and one 3 bdrm/2 bath units. Current rent is $15,940 (including $425 for garages and parking place). That is a GRM of 11.8 x Actual rents. With delivered rent increases starting 8/1/24 and 9/1/24, scheduled rents will increase to $15,940 per month. This will decrease the GRM to 11.3 x Actual. Market rents are $18,590 per month. This would decrease the GRM to 10.0 x Market Rents.

******PLEASE NOTE! WE BELIEVE THIS IS A PERFECT BUILDING TO ADD TWO TO THREE ADU's! CHECK WITH YOUR CONTRACTOR.*******

*****NOTE-ADDRESS ON BUILDING IS 759 FREEMAN AVE.*******

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Garage Spaces 4.0

Carport Spaces 1

Garage Description 4.0

Fence Block

Pool None

Community Features Street Lights, Suburban, Sidewalks

Utilities Available Natural Gas Connected, Water Available

View Y/N No

View None

Roof Type Asphalt

Total Parking Spaces 5

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7258019018

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC. • 562-301-6763

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Lawrence Joseph Cech, CNE

Agent | License ID: 2212873

+1(215) 519-8300

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757 Freeman AVE