$1,850,000

Estimated payment $12,019/month

11 Beds
7 Baths
5,319 Sq Ft
$348 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Facilities
  • 3-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Level Lot

About This Home

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.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 08/17/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1978

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,319 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 8 / C
  • Tax Tract Number 576904
  • Assessor Parcel Number 7258019010
  • $1,397 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,434
  • Fuel Expense $1,434
  • Insurance Expense $5,000
  • Maintenance Expense $4,800
  • Trash Expense $1,434
  • Water Sewer Expense $1,434
  • New Taxes Expense $23,478
  • Operating Expense $47,119
  • Gross Income $153,552
  • Net Operating Income $101,882

Property Details

Home Type

Apartment

Year Built

Built in 1978

Lot Details

6,534 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.51
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1434.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7258019010
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Total Bedrooms: 11
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 347.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1434.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 1434.00
  • Fuel Expense: 1434.00
  • Gross Income: 153552.00
  • Gross Multiplier: 12.05
  • Gross Operating Income: 147141.00
  • Gross Scheduled Income: 151692.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 4800.00
  • Net Operating Income: 101882.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 47119.00
  • Operating Expense Percent: 31.60
  • Other Income1: 1860.00
  • Rent Control: No
  • Total Expenses: 47119.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 23478.00
  • Tax Block: C
  • Tax Lot: 8
  • Tax Tract Number: 576904
  • TaxOtherAnnualAssessmentAmount: 1397.00

Map

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/17/2026 08/17/26 For Sale $1,850,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26180182

California Regional Multiple Listing Service (CRMLS)
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