729 Freeman Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,850,000 USD
714-713-9086
729 Freeman Ave, Long Beach, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/11
null | 5.51% Cap Rate

729 Freeman Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Prime Coastal Location: Well-maintained 6-unit investment situated in Eastside Long Beach, near Rose Park and the coast.
  • Desirable Unit Mix: Features (2) 1-bed/1-bath, (3) 2-bed/1-bath, and (1) spacious 3-bed/2-bath units.
  • Solid Property Specs: Built in 1978, featuring 5,319 net rentable square feet situated on a 0.15-acre parcel.
  • Premium Parking: Includes six secure garage parking spaces, two of which offer the convenience of direct unit access.
  • Community Amenities: Residents benefit from secure gated access, security doors, and a dedicated on-site laundry facility.
  • Private Outdoor Spaces: Unit appeal is enhanced with highly sought-after private patios and balconies.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 729 Freeman Avenue, a 6-unit multifamily investment opportunity located in Long Beach, California. Constructed in 1978, the property features approximately 5,319 net rentable square feet situated on a 0.15-acre parcel. The property features a desirable unit mix of 2 one-bed/one-bath units, 3 two-bed/one-bath units, and 1 three-bed/two-bath unit. Community amenities include gated access, security doors, an on-site laundry facility, and six garage parking spaces, two of which offer direct access. Additionally, unit amenities feature private patios and private balconies. 729 Freeman Avenue offers investors the opportunity to acquire a well-maintained multifamily asset with a strong, diversified unit mix and premium parking accommodations. Situated in the desirable Eastside Long Beach neighborhood near Rose Park, the property boasts an excellent location just a short distance from the coast and Downtown Long Beach. Residents benefit from close proximity to major educational hubs, including California State University, Long Beach (CSULB) and Long Beach City College, as well as convenient access to vibrant local retail, dining, and entertainment options. This strategic, highly walkable location positions 729 Freeman Avenue as a highly attractive asset in a strong coastal rental market. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RR2N, Long Beach

APN/PARCEL ID

7258-019-010

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.