404 E Freeland Long Beach, CA 90807
9,504 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID RS26207276
HOA Y/N No
Year Built 1945
Lot Size 9,504 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Door-Single, Driveway, Garage, On Site, Paved
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 11
Private Pool No
Building
Lot Description 16-20 Units/Acre, Front Yard, Landscaped, Near Public Transit, Street Level
Story 2
Entry Level Two
Sewer Public Sewer, Sewer Assessment(s)
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7134017007
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
