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$1,800,000

  • Sold
  • Closed
  • Multi-Family
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Excellent cash flow building in prime Eastside Long Beach area. 7 units total, four garages with 4 parking spaces in front of garage. All unit doors face south for lots of natural light and share common back yard space for happy tenants. Common area laundry room for convenience. All units have been well maintained and upgraded, granite counters, low maintenance tile flooring and updated bathrooms. Very little deferred maintenance. All 7 unit electrical subpanels upgraded in 2024. Great location. Rose Park is right around the corner, walking distance to shops and restaurants on 4th Street, 7th Street and Redondo. Current monthly income 13,935 (167,220 annual). GRM is 11.3x. Cap rate with 35% expenses is 5.7%. Market rents are 2,250 with garage and 2050 without. Building has been professionally managed with great tenants. The building is the perfect combination of a quality and cash flow. Units show very well as they are upgraded upon vacancy. This is an easy building to own and manage with additional upside.

Full Property Details for 767 Freeman Ave

General

  • Sold For: $1,800,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25182759
  • Added to Site: 155 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 4

Location

  • Area: 3 - Eastside, Circle Area
  • County: Los Angeles
  • Development Name: 3 - Eastside, Circle Area
  • Driving Directions: N/ 7th Street W/Redondo

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 7

Structural Information

  • Entry Location: 1
  • Square Feet: 5,332
  • Year Built: 1961

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

Unit 5

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

Unit 6

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

Unit 7

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

Lot Features

  • Lot Size (Acres): 0.155
  • Lot Size Source: Assessor
  • Zoning: LBR2N
  • Lot Description: Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $337.58
  • Price Per Unit: 270714

Listed by John Dumke, Broker, John Dumke
Sold by Buckingham Investments, Inc, Anthony Walker

Listing agent

— 767 Freeman Ave —

  • John Dumke

    John Dumke, Broker

562-572-2296

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 767 Freeman Ave

School District:Long Beach Unified School District
NameGradesDistance
Willard Elementary School, Long Beach, CA
1055 Freeman Avenue, Long Beach, CA 90804
K-50.2 mi
Jefferson Leadership Academies School
750 Euclid Avenue, Long Beach, CA 90804
6-80.4 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 767 Freeman Ave

Date
Details
Price
Change
Source
11/17/2025
Sold
$1,800,000
-5.01%
MLS
8/14/2025
Listed
$1,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by John Dumke, Broker, John Dumke
Sold by Buckingham Investments, Inc, Anthony Walker

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767 Freeman Avenue, Long Beach, CA 90804 (MLS# PW25182759) is a Multi-Family property that was sold at $1,800,000 on November 17, 2025. Want to learn more about 767 Freeman Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.