Movoto Real Estate

729 Freeman Ave, Long Beach, CA 90804

$1,850,000
  • bed

  • bath

Multi-family active under contract 24 days

About 729 Freeman Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
729 Freeman Avenue is 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.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: Tleeson@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC26180182 • last updated 1 week ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active Under Contract
Lot Size (Acres) 0.15
Lot Size (SqFt) 6534
Year Built 1978
Interior
Laundry Community
Exterior
Building Area Square Feet, 5319
# Parking Spaces 6
# Garage Spaces 6
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Gutters, Curbs, Street Lights, Sidewalks
Subdivision Eastside (ES), Eastside (ES)
Directions Cross Streets Of Freeman Avenue & East 7th Street
APN 7258019010
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 4551
Expense: Trash 1434
Operating Expense 47119
Cap Rate 5.51
Expense: Insurance 5000
Total Expenses 47119
Expense: Maintenance 4800
Expense: Water/ Sewer 1434
Gross Income 153552
Gross Operating Income 147141
Expense: Electric 1434
Gross Multiplier 12.05
Gross Scheduled Income 151692
Expense: Fuel 1434
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5/10
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Source: GreatSchools.org © 2026. All rights reserved.

Around Rose Park

Explore everything this neighborhood has to offer. Learn more about Rose Park.
81/100
Walk
65/100
Family
89/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90804
  • Rose Park
  • 729 Freeman Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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