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Sold on 04/15/2023
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360 Freeman, Long Beach, CA 90814

  • $6,848,709

    Last sold 04/15/2023 for $5M

  • —

    bed

  • —

    bath

  • 11,187

    Sqft ($447/Sqft)

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About 360 Freeman

Property type House
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Rental estimate
Property description
This 14 unit investment property consists of ten 1-bedroom / 1-bathroom units, two 3-bedroom / 2 bathroom units, one 2 bedroom / 2 bathroom and one 2-bedroom / 1.5 -bathroom unit. It contains nine garages , onsite laundry and a communal courtyard. Secure, gated entry, delightfully manicured landscaping, this property offers an elegant lifestyle to its tenants Location is steps away from all the restaurants and shopping 2nd street has to offer! Blocks from the beach. Award winning Long Beach Unified School District; Lowell Elementary, Rogers Middle, Wilson High School
Listed by
Listing Agent - Michelle K Towell
Listing Agent Contact: 661-912-2395
Listing Office - People Realty, Inc.
Source: GEMLS mls logo
MLS#202204558 • last updated 3 years ago
Movoto checked GEMLS for data 9 minutes ago
Overview
Cooling/AC Other
Levels/Style 2
MLS # 202204558
SqFt 11187
SubType 11 Plus
Status Sold
Type Residential Income
Lot Size (SqFt) 13003
Year Built 1969
Exterior
Location
County Los Angeles
Subdivision Cedar Rapids Tract
Multifamily Details
Total # of Units 14
Vacancy Factor 93
Annual Net Income 216088
Cap Rate % 0.04
Annual Gross Income 267180
Total Annual Expense 51092
$6.84M
Range: $6.16M-$7.53M
Last 30 days 
Rental est.: $1,882/month
Gross rent multiplier: 221.4
  • Apr 2023
    mls logo MLS # 202204558
  • Apr 15, 2023 Sold
    $5,000,000
  • Jan 3, 2023 Pending
    —
  • Oct 25, 2022 Listed
    —
  • Aug 24, 2022 Pending
    —
  • Apr 5, 2022 Listed
    $600,000,000
  • Apr 2023
    mls logo MLS # OC22068380
  • Apr 12, 2023 Sold
    $5,000,000
  • Dec 28, 2022 Pending
    —
  • Oct 4, 2022 Listed
    $5,500,000 (-8.3%)
  • Aug 25, 2022 Pending
    —
  • Apr 5, 2022 Listed
    $6,000,000 (-99.0%)
  • Apr 2023
    Public Records
  • Apr 12, 2023 Sold
    $5,000,000 (-9.1%)
  • 360 Freeman
    $5M
  • Rose Park
    $485K -18% y/y
  • 90814
    $572K -3% y/y
  • Long Beach
    $699K -3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
350 Freeman Ave, Long Beach, CA 90814 $1,156,000 2/1 1,272 0.02
3119 E Colorado St, Long Beach, CA 90814 $874,000 2/2 870 0.02
337 N Winnipeg Pl, Long Beach, CA 90814 $1,280,000 3/1 1,176 0.04
339 N Winnipeg Pl, Long Beach, CA 90814 $1,127,000 2/1 916 0.05
380 Freeman Ave, Long Beach, CA 90814 $1,133,000 3/2 1,364 0.05
3038 E Colorado St, Long Beach, CA 90814 $954,000 2/1 880 0.05
381 Obispo Ave, Long Beach, CA 90814 $1,189,000 2/1 1,195 0.05
354 Obispo Ave, Long Beach, CA 90814 $1,309,000 3/1 1,351 0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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6/10
Mann Elementary School
public Grades K-5
Long Beach Unified School District
7/10
Jefferson Leadership Academies School
public Grades 6-8
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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