767 Freeman Avenue

Long Beach CA 90804

6751 sq. ft.

Multi-Family

Last sold for $1,800,000

John Dumke, last sold this property on 17 November 2025 after 94 days on market.

Overview

Excellent cash flow building in prime Eastside Long Beach area. 7 units total, four garages with 4 parking spaces in front of garage. All unit doors face south for lots of natural light and share common back yard space for happy tenants. Common area laundry room for convenience. All units have been well maintained and upgraded, granite counters, low maintenance tile flooring and updated bathrooms. Very little deferred maintenance. All 7 unit electrical subpanels upgraded in 2024. Great location. Rose Park is right around the corner, walking distance to shops and restaurants on 4th Street, 7th Street and Redondo. Current monthly income 13,935 (167,220 annual). GRM is 11.3x. Cap rate with 35% expenses is 5.7%. Market rents are 2,250 with garage and 2050 without. Building has been professionally managed with great tenants. The building is the perfect combination of a quality and cash flow. Units show very well as they are upgraded upon vacancy. This is an easy building to own and manage with additional upside.

Features

8 bedrooms

4 bathrooms

6751 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Long Beach over the last 12 months.

Property history for 767 Freeman Avenue

2025

Sold

$1,800,000

17 Nov 2025 by John Dumke, of John Dumke, Broker

Happy sellers in Long Beach

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Local market activity for 8 bedroom multi families in Long Beach

In the last 12 months, 1 eight-bedroom multi family similar to 767 Freeman Avenue, have been sold.

Sold

For Sale

Interested in selling?

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

Virginia Hernandez

at CENTURY 21 Allstars

(134 reviews)

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Abigail Waddell

at COMPASS CALIFORNIA

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Carmen Sosa

at Realty ONE Group United | Long Beach

(17 reviews)

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Virginia Hernandez

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