This building, built in 1964 is located in a great Eastside area of Long Beach. Strong renal demand. The building consists of two 1 bdrm/1 bath, four 2 bdrm/1 bath, one 2 bdrm/2 bath, and one 3 bdrm/2 bath units. Current rent is $15,940 (including $425 for garages and parking place). That is a GRM of 11.8 x Actual rents. With delivered rent increases starting 8/1/24 and 9/1/24, scheduled rents will increase to $15,940 per month. This will decrease the GRM to 11.3 x Actual. Market rents are $18,590 per month. This would decrease the GRM to 10.0 x Market Rents.******PLEASE NOTE! WE BELIEVE THIS IS A PERFECT BUILDING TO ADD TWO TO THREE ADU's! CHECK WITH YOUR CONTRACTOR.************NOTE-ADDRESS ON BUILDING IS 759 FREEMAN AVE.*******
|
DAYS ON MARKET
|
55
|
LAST UPDATED
|
8/9/2024
|
|
TRACT
|
Eastside (ES)
|
YEAR BUILT
|
1964
|
|
COMMUNITY
|
Eastside, Circle Area
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Pending
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Eastside, Circle Area |
| GARAGE |
Assigned, Yes |
| LOT |
6754 sq ft |
| LOT DESCRIPTION |
Level |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Eastside (ES) |
| UTILITIES |
Natural Gas Connected,Water Available |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Belmont Brokerage & Mgmt. INC.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/7/24 4:36 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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