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729 Freeman Ave
Long Beach, CA 90804 Eastside Long Beach

$1,850,000 USD

Apartments For Sale  •  5,319 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,319 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.51 %
  • Zoning RR2N, Long Beach
50 Transit Score
70 Walk Score

Highlights

Prime Coastal Location: Well-maintained 6-unit investment situated in Eastside Long Beach, near Rose Park and the coast.
Desirable Unit Mix: Features (2) 1-bed/1-bath, (3) 2-bed/1-bath, and (1) spacious 3-bed/2-bath units.
Solid Property Specs: Built in 1978, featuring 5,319 net rentable square feet situated on a 0.15-acre parcel.
Premium Parking: Includes six secure garage parking spaces, two of which offer the convenience of direct unit access.
Community Amenities: Residents benefit from secure gated access, security doors, and a dedicated on-site laundry facility.
Private Outdoor Spaces: Unit appeal is enhanced with highly sought-after private patios and balconies.

Financial Summary (Actual)

Net Operating Income: $101,882 USD (2026)
Cap Rate: 5.51 %
Total Expenses: $47,119 USD

Amenities

  • Air Conditioning
  • Balcony
  • Fireplace
  • Laundry Facilities

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 4.5 mi
John Wayne/Orange County 27 min - 19.1 mi
Los Angeles International 34 min - 23.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: OneCarGarage
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap