$1,285,000

Estimated payment $6,989/month

Total Views 11,364
6 Beds
3 Baths
2,358 Sq Ft
$545 Price per Sq Ft

About This Home

Pleased to present the opportunity to acquire The Freeman Triplex in Long Beach. Located in Eastside Long Beach, the property consists of a three bedroom home, two bedroom unit, and one bedroom unit. Tenants appreciate garage parking, central courtyard, and close proximity to the amenities available at the Traffic Circle. The property's ideally located just minutes away from Cal State Long Beach as well as the restaurants and entertainment options in Belmont Shore making this an ideal asset for consistent cash flow with future upside.

Listing Agent

Ryan Pratt

Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 12/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,500 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,358 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 2
  • Assessor Parcel Number 7259033011
  • $740 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $27,430
  • Gross Income $73,896
  • Net Operating Income $44,249

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7259033011
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 544.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Multi Family

  • Gross Income: 73896.00
  • Gross Scheduled Income: 73896.00
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 44249.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 27430.00
  • Rent Control: No
  • Total Expenses: 27430.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 59
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 740.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,712 $254,673 $108,834 $145,839
2024 $3,712 $249,680 $106,700 $142,980
2023 $3,645 $244,785 $104,608 $140,177
2022 $3,438 $239,986 $102,557 $137,429
2021 $3,352 $235,282 $100,547 $134,735
2020 $3,342 $232,871 $99,517 $133,354
2019 $3,303 $228,306 $97,566 $130,740
2018 $3,129 $223,830 $95,653 $128,177
2016 $2,871 $215,140 $91,940 $123,200
2015 $2,765 $211,909 $90,559 $121,350
2014 $2,761 $207,759 $88,786 $118,973
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 For Sale $1,285,000 -- $545 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- American Title Co
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $256,000 New Conventional
Closed $176,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25271654

California Regional Multiple Listing Service (CRMLS)

APN: 7259-033-011