1510 Freeman Avenue

  • Long Beach

  • $975,000
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Residential Income Details

Description
First time on the market in over 15 years and ownership has never aggressively raised rents. Built in 1953, the Freeman Apartments Features 5 single-story units comprised of (5) 1 Bed / 1 Bath units, (3) on-site garages & leased coin operated laundry (month to month). Huge value add opportunity with roughly 44% upside in rents and a market cap rate of 6.63%.
Essential
MLS #RS18127660
Price$975,000
Number of Units5
Sale TypeStandard
StatusActive
Listing BrokerageNationwide Real Estate Execs
Listing AgentAndrew McAllister
Listing Agent BRE #01946829
Interior
Exterior
Garage Spaces3
PoolNone
Community
Area3 - Eastside, Circle Area
TractEastside (ES)
CommunityCurbs,Gutters,Sidewalks,Storm Drains,Street Lighting,Urban
Address1510 Freeman Avenue
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90804
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, May 31, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.