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$1,450,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 7 days ago
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Fully leased Bixby Knolls fourplex with approximately 16% rental upside and potential to add up to four detached ADUs-a path to doubling the unit count. Situated on an approximately 9,498 SF lot, the property features four 2-bedroom, 1-bath units totaling approximately 3,256 SF, four detached garages, and seven surface parking spaces. All units were renovated in 2019 with mini-split heating and cooling and upgraded appliances. 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.

Full Property Details for 404 E Freeland

General

  • Price: $1,450,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: RS26207276
  • Updated: 10/4/2026
  • Days on Market: 20 days
  • Added to Site: 20 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Assigned, Paved, On-Site, Garage (Single Door), Driveway
  • Parking: Assigned, Paved, On-Site, Garage (Single Door), Driveway

Location

  • Area: 6 - Bixby, Bixby Knolls, Los Cerritos
  • County: Los Angeles
  • Development Name: 6 - Bixby, Bixby Knolls, Los Cerritos
  • Driving Directions: East San Antonio & Elm

Heating & Cooling

  • Heating Type: Wall Furnace

Utilities

  • Sewer: Sewer Assessments, Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 5

Structural Information

  • Roof: Shingle
  • Entry Location: Ground
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,256
  • Year Built: 1945

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.2182
  • Lot Size (Sq. Ft.): 9,503
  • Lot Size Source: Assessor
  • Lot Description: Level with Street, Lot 6500-9999, 16-20 Units/Acre, Landscaped, Near Public Transit, Front Yard

Financial Considerations

  • Price Per Sq. Ft.: $445.33
  • Price Per Unit: 362500

Listed by eXp Realty of Greater L.A, Andrew McAllister

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Listing agent

— 404 E Freeland —

  • Andrew McAllister

    eXp Realty of Greater L.A

925-683-9203

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 404 E Freeland

School District:Long Beach Unified School District
NameGradesDistance
Los Cerritos Elementary School
515 West San Antonio Drive, Long Beach, CA 90807
K-51 mi
Hughes Middle School
3846 CA Ave., Long Beach, CA 90807
6-80.8 mi
Jordan High School, Long Beach, CA
6500 Atlantic Avenue, Long Beach, CA 90805
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 404 E Freeland Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2026
Listed
$1,450,000
18.37%
MLS
10/04/2019
Sold
$1,225,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 404 E Freeland

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,037
—
$1,366,506
2%
2025
$18,037
6%
$1,339,713
4%
2023
$16,946
7%
$1,287,692
2%
2022
$15,910
2%
$1,262,444
2%
2021
$15,594
—
$1,237,691
1%
2020
$15,554
168%
$1,225,000
198%
2019
$5,811
4%
$410,706
2%
2018
$5,561
1%
$402,654
2%
2017
$5,503
8%
$394,760
2%
2016
$5,112
4%
$387,021
2%
2015
$4,918
—
$381,209
2%
2014
$4,905
3%
$373,743
—
2013
$4,762
—
$372,055
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by eXp Realty of Greater L.A, Andrew McAllister

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404 E Freeland, Long Beach, CA 90807 (MLS# RS26207276) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 404 E Freeland is currently listed for $1,450,000 and was received on September 22, 2026. Want to learn more about 404 E Freeland? Do you have questions about finding other Multi-Family real estate for sale in Bixby Knolls? You can browse all Bixby Knolls real estate or contact a Coldwell Banker agent to request more information.

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