404 East Freeland Street

Off Market

404 East Freeland Street

Long Beach CA 90807

9503 sq. ft.

Multi-Family

Last sold for $1,575,000

Andrew McAllister, last sold this property on 29 October 2026 after 36 days on market.

Overview

Fully leased Bixby Knolls fourplex with approximately 16% rental upside and potential to add up to four detached ADUsa path to doubling the unit count. Situated on an approximately 9,498 SF lot, the property features four 2-bedroom, 1-bath units totaling approximately 3,256 SF, four detached garages, and seven surface parking spaces. All units were renovated in 2019 with mini-split heating and cooling and upgraded appliances. Current rents average approximately $2,457 per unit, with projected rents of $2,850 following light interior updates on turnover. Annual scheduled income totals approximately $127,718, including ancillary income, with projected income of $151,370 through rent growth and full garage and parking rentals. This supports a projected 7.27% cap rate at the $1,450,000 asking price, excluding any future ADU income. The rear garage footprint offers potential for up to four detached ADUs while retaining surface parking, subject to buyer verification and City approval. Separately metered gas and electricity, on-site laundry, and proximity to Atlantic Avenue dining, shopping, and the 405/710 freeways round out the offering.

Features

8 bedrooms

4 bathrooms

9503 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 404 East Freeland Street is $1.43m.

Median value

$1.43m

Estimated value range

$1.26m - $1.57m

Median days on market

Estimated value trend

-18%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 404 East Freeland Street

2026

Sold

$1,575,000

29 Oct 2026 by Andrew McAllister

2019

Sold

$1,225,000

12 Nov 2019 by Andrew McAllister

Happy sellers in Long Beach

96%

96% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Long Beach over the last 12 months.

Local market activity for 8 bedroom multi families in Long Beach

In the last 12 months, 3 eight-bedroom multi families similar to 404 East Freeland Street, have been sold.

This represents a 33% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Long Beach for a market analysis.

Trina Rufo

at First Team Real Estate-Long Beach

(175 reviews)

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Trina Rufo

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