$1,800,000
SOLD NOV 17, 2025

767 Freeman Ave Long Beach, CA 90804

Rose Park Neighborhood
14 Beds
7 Baths
5,332 Sq Ft
6,751 Sq Ft Lot

Recently Sold

$338 Per Sq Ft

5% Below List Price

23 Days on Market

Highlights

  • Laundry Room
  • Wall Furnace
  • 2-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Back Yard

About This Home

As of November 2025

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.

Last Agent to Sell the Property

John Dumke

John Dumke, Broker Brokerage Phone: 562-572-2296 License #01030015 Listed on: 08/14/2025

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,332 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 18 / C
  • Tax Tract Number 7258
  • Assessor Parcel Number 7258019020

Community Details

Overview

  • 7 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $488
  • Gardener Expense $1,500
  • Insurance Expense $462
  • Trash Expense $4,265
  • Operating Expense $57,162
  • Gross Income $163,320
  • Net Operating Income $106,158

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7258019020
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 337.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4265.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 488.00
  • Gross Income: 163320.00
  • Gross Scheduled Income: 163320.00
  • Insurance Expense: 462.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 106158.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Rent Control: No
  • Total Actual Rent: 13935.00
  • Total Expenses: 57162.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5769.04
  • Tax Lot: 18
  • Tax Tract Number: 7258

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

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 Sold $1,800,000 -5.0% $338 / Sq Ft
09/06/2025 09/06/25 Pending -- -- --
08/14/2025 08/14/25 For Sale $1,895,000 -- $355 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Dumke

    Seller's Agent in 2025

    John Dumke

    John Dumke, Broker

    (562) 572-2296

    1 in this area

    25 Total Sales

    John Dumke
    Section Image
  • Anthony Walker

    Buyer's Agent in 2025

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    3 in this area

    90 Total Sales

    Anthony Walker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25182759

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Rose Park

767 Freeman Ave, Long Beach, CA

Sold

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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